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Moody's cites LU as key Lynchburg growth driver

Posted: January 12th, 2012, 7:52 pm
by badger74
In putting a pretty positive growth forecast out for the Lynchburg Metro area Moody's had this to say about the growth drivers:
"Liberty University. One of the strongest drivers of employment and income growth throughout the forecast will be Liberty University. As a private insti-tution, the university has been able to avoid much of the budget crunch being experienced by many state schools throughout the country. Scheduled expan-sions are expected to bring on-campus enrollment to more than 20,000 students by the end of the decade, from the current 12,000. In addition to increased employment as faculty levels are brought in line with a larger student body, a number of ambitious construction projects are in the works. This year, the university put together a financing plan for more than $120 million in renovations and expansions to its aging campus. If such plans are executed efficiently, the university will likely surpass Centra Health as LYN’s largest employer within a few years. "

Moody's Economy.com
November 2011

Just posted on our service recently.
Other major driver mentioned was nuclear companies AREVA and B&W which are not as in danger as many thought after Japan earthquake reactor problems.

Re: Moody's cites LU as key Lynchburg growth driver

Posted: January 12th, 2012, 11:10 pm
by Sly Fox
Thanks for posting, Badger. I'm curious how they rate Lynchburg market versus other nearby markets like Roanoke, Charlottesville & Richmond for growth potential.

Re: Moody's cites LU as key Lynchburg growth driver

Posted: January 12th, 2012, 11:36 pm
by jbock13
Roanoke is growing? :shock:

Re: Moody's cites LU as key Lynchburg growth driver

Posted: January 13th, 2012, 11:06 am
by ATrain
jbock13 wrote:Roanoke is growing? :shock:
Very, very slowly.

But the area is now minus one A-Train :D

Re: Moody's cites LU as key Lynchburg growth driver

Posted: January 15th, 2012, 8:07 pm
by badger74
Lynchburg (163) was rated above Roanoke (231) over the near term (3 yrs) and slightly below C'Ville (151) for employment growth. About average for nation.

Re: Moody's cites LU as key Lynchburg growth driver

Posted: January 15th, 2012, 8:36 pm
by Sly Fox
Thanks, badger74. It helps give some perspective to us.

Re: Moody's cites LU as key Lynchburg growth driver

Posted: January 15th, 2012, 10:59 pm
by jbock13
Oh it was just an inside joke for those of us who have spent time in Roanoke lol