RICHMOND, Va., Oct. 31 /PRNewswire/ -- Space is going commercial.
Traditionally a government-sponsored endeavor, the industry that explores and
exploits space is undergoing a major transformation. This raises hopes that
the Fifth District -- particularly Virginia -- will become a leader in the
commercialization of an $80 billion industry responsible for the development
and use of satellites worldwide. Satellite communications and space
transportation are two of the most promising business endeavors. From the
minds of scientists and entrepreneurs to experimental launch pads, it's only a
matter of time and money before space marvels are part of our daily existence.
In the recently released Region Focus, writer Suzanne White explores the
commercialization of space and the industry changes that could be just a
rocket blast-off away.
Also in the fall issue:
* All Aboard! Density is Essential to Support Proposed Rail Projects in
the Fifth District
* Lowcountry Gardens Blend Nature, Humanity, Science, and Art
* Community Profile: Anacostia, Washington, D.C.
Once forgotten and abandoned, this urban community becomes a catalyst
for growth
* Person Profile: Jonathan "Johnny" Johnson
Bringing the neighbor back into the hood "Johnny-style"
Region Focus, a quarterly business magazine published by the Federal
Reserve Bank of Richmond, provides information on and analysis of the economy
and business activities of the District of Columbia, Maryland, North Carolina,
South Carolina, Virginia, and most of West Virginia.
For copies free of charge, contact the Bank's Public Affairs Division at
804-697-8111. The article abstracts are available at
http://www.rich.frb.org/pubs/regionfocus.
SOURCE Federal Reserve Bank of Richmond
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Related links:
http://www.rich.frb.org
CONTACT:
Lisa Oliva of the Federal Reserve Bank of
Richmond, 804-697-8192
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