2014 Projected As Big Year for Economic Growth

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HARRISONBURG, Va. 2014 is projected to be a big year for economic growth.

Frank Tamberrino, the president of the Harrisonburg-Rockingham Chamber of Commerce, said locally, we should see a slow but steady growth in the Valley this year.

He said unemployment numbers in the Valley are lower than this time last year, which he said gives people confidence in our local economy.

Rockingham County currently has the lowest unemployment rate in the region at 4.1 percent.

Tamberrino's reasoning for the low rate is that in the Valley, one company is not the primary employer, like in other areas; rather, there are a bunch of smaller manufacturers.

"That really helps us from experiencing the peaks and the valleys from an economic fluctuation standpoint, that other communities may experience every year," said Tamberrino.

He said, this gives the Valley a stable base. If something happens to one or two of those companies, it won't necessarily affect the whole economy in our area.

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