Strome Business Minute With Dr. Jeff Tanner

Chmura released projected economic vulnerability report of the coronavirus on metropolitan statistical areas or MSAs, those regions used by the government to collate data. Our MSA extends into parts of North Carolina. For the MSA, we are at higher risk than average for the country. If the average is 100, they estimate we’re at a risk of 105 to 110, meaning slightly higher risk. But if you switch to the county level, we shoot to the highest level risk in Hampton Roads. Why? Because of the impact on the tourism and hospitality industry, as well as the impact on transportation, that is, the port. Further, the county view also shows significant vulnerability for the closest part of the eastern shore, again due to tourism. To learn more, visit odu.edu/business. This has been a Strome Business Minute, presented by the Strome College of Business at Old Dominion University.