NORFOLK, Va., Oct. 9 -- Old Dominion University issued the following news release:

Old Dominion University's 27th annual "State of the Region: Hampton Roads Report," produced by the University's Dragas Center for Economic Analysis & Policy, focuses on the pillars of the regional economy-defense, The Port of Virginia and tourism and hospitality.

At an event that drew more than 700 business and community leaders to the Hilton Norfolk The Main on October 6, the speakers also addressed topics like the price of gas and groceries, the lack of affordable childcare, wastewater management and the value of the arts.

Bob McNab, Ph.D., professor and chair of the Department of Economics and director of the Dragas Center, said the report revealed fav...