Three months made a huge difference in the economic expectations of business leaders in the northern Virginia, with the most concerned about the economy of the region.
Three months made a huge difference in the economic expectations of business leaders in the North of Virginia, the most concerned about the region’s economy and their own business prospects.
A quarterly investigation led by the Pinkston business manager for The Northern Chamber of Commerce of Virginia Found that 54% of business leaders are very or somewhat optimistic about the performance of their business in the next six months, against 81% who said it in the same survey at the start of the year.
When asked what aspects of the Agenda of the Administration of President Donald Trump will benefit the most to their business, more than 50% have said.
“Sixty percent of business leaders in January expected this region to increase, and now 59% expect the economy of the region to decrease. Since they have cited federal dismissals, inflation and prices, these are the direct results of the Trump administration’s political decisions, “said Julie Coons, president and chief executive officer of the Northern Virginia Chamber of Commerce.
People concerned about federal agency discounts with an impact on businesses have also cited supply chain problems and federal purchases.
Finding qualified talents to fulfill job offers has remained a concern among the business leaders interviewed, a challenge also quoted in the last survey. These unsuccessful job offers would have been an excellent opportunity in the private sector for federal workers dismissed in search of jobs a few months ago, but it is no longer.
“In January, almost half of business leaders expected to extend their staffing, and now only 12% expect to increase staff. The regional opportunity therefore seems to have been reduced,” said Coons.
As for expansion, 43% of business leaders in the survey “expect the capital expenses of their business” to decrease over the next six months; 35% said that capital expenses will not change and that 21% said that capital expenditure in their organization would increase.
DJ Jordan, vice-president director of Pinkston, said that it is not surprising that business leaders are pessimistic, taking into account the regional dependence on the federal government; But he also said that there were signs in the survey that show growth in the northern industries of Virginia, such as technology and finance. A little more than half of the managers interviewed are still somewhat or very optimistic about their commercial performance in the next six months.
While recognizing the opposite winds, Coons also sees gloom and said that the Northern Chamber of Commerce of Virginia actively develops a complete report and a political strategy to meet the challenges.
“The level of engagement and the talent we have in this region, and the wonderful quality of life and assets in education – we can find this path to follow. It will be difficult. It will be a few years. But I think we can absolutely go to a new place. There is always an opportunity, “she said.
The survey included 300 CEO, business leaders and business owners in Northern Virginia and included the participation of nine chamber organizations in the region.
Get news from the rupture and daily titles delivered in your reception box as an inscription by registering here.
© 2025 wtop. All rights reserved. This website is not intended for users located in the European Economic Area.