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Header image for 2023 Q3 Econ focus with man in orange jumpsuit walking through factory.
Third Quarter 2023

In this issue: our region's semiconductor industry, the new FedNow payments service, and community colleges as anchor institutions.

Cover Story

Semiconductor factory with two workers in bodysuits.

Will the recently enacted CHIPS Act bring major growth to the region's semiconductor industry?

Thomas I. Barkin

Now that the pandemic has tightened the labor market further, smaller communities are going to have to figure out how to put their best foot forward.


Visualizing Faster Payments

In July, the Fed launched its first new payment service in more than 40 years. FedNow enables money to move instantaneously from sender to recipient 24 hours a day, seven days a week — weekends and holidays included.

Headshot of Melissa Kearney.

The University of Maryland's Melissa Kearney, author of The Two-Parent Privilege: How Americans Stopped Getting Married and Started Falling Behind, on the American fertility decline, the role of social norms, and the link between single-parent households and economic gaps.

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David A. Price (804) 697-8018