June 2, 2023

Rycroft Weighs in on Amazon Impact

Professor of Economics Robert Rycroft told The Free Lance-Star that he thinks a “fair number” of Amazon’s employees will live here and that home prices could go up in anticipation of the increased demand. But the economic impact will eventually outweigh the additional traffic and other potential negatives, he said in the article, New Amazon headquarters will impact Fredericksburg region, but experts differ on how much.

“I think they’ll be bringing in a workforce of highly creative people with a lot of buying power,” Rycroft said. “Initially, it’s going to be a bit frustrating to the people in Fredericksburg, but I think the benefits will appear long-term.”