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Economy / Market Analysis

Explaining the Emergence of Smaller and Western Metros

Joshua Wright, VP, Economic and Workforce Development, Emsi (Q2 2018)

With fast-growing populations and diverse economies, states in the West and Mountain region are showing significant economic growth, while smaller metros are benefitting from their larger urban neighbors’ spillover effect. More

Texas Today: Where Businesses Succeed

Steve Stackhouse-Kaelble, Staff Editor, Area Development (Q2 2018)

The state of Texas continues to gain accolades for its pro-business environment, which is sustained by its skilled workforce, low taxes, favorable regulatory environment, and deal-closing funds among other attributes. More

2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List

Area Development Research Desk and Karen Thuermer, Staff Editor, Area Development (Q2 2018)

The 2018 Leading Metro Locations reflect the nation’s overall economic growth as the country enjoys the second-longest economic expansion on record, with many small and mid-size metros exhibiting economic strength. More

The Art and Science of Assessing the Labor Market

Doug Rasmussen, Director, Site Selection & Incentives Advisory, Duff & Phelps (Q2 2018)

Only through a combination of data analysis (the science) and labor interviews (the art) can a company be sure of choosing a location where its workforce needs are satisfied now and in the future. More

In Focus: Steel Tariffs to Prevent U.S. Economic Growth

Stephen Gray, CEO, Gray Construction (Q2 2018)

The recently enacted tariffs on steel and aluminum have created an uncertain investment climate for both domestic and foreign firms, causing companies to rethink their supply chain strategies and put their expansion plans on hold. More

2018 Gold & Silver Shovel Awards Recognize States’ Efforts to Attract High-Value Investment & Large Job-Creating Projects

Geraldine Gambale, Editor, Area Development Magazine and Steve Stackhouse-Kaelble, Staff Editor, Area Development (Q2 2018)

More than 200 projects across multiple states brought with them the promise -- in total -- of thousands of jobs and billions of dollars in investment. More

Retaking the Rust Belt

Rich Forslund, Executive Vice President, Colliers International (Q2 2018)

Across the Midwest, new life is being breathed into old industrial facilities that are becoming home to IoT incubators, office space, and other mixed-use development. More

32nd Annual Corporate Survey & the 14th Annual Consultants Survey

Geraldine Gambale, Editor, Area Development Magazine (Q1 2018)

Although the U.S. economy is strong, there may still be some hesitancy in investment decisions brought about by an uncertain legislative environment. More

Unemployment Numbers Reflect a Recovering Economy

Mark Crawford, Staff Editor, Area Development (Q4 2017)

As the U.S. economy has rebounded from the Great Recession and added jobs, unemployment has fallen to record lows in many states, creating worker shortages that need to be addressed. More

Tech Firms Find New Opportunity in Emerging Hotspots

Steffen Kammerer, Senior Vice President, Technology Practice Group, JLL (Q3 2017)

“Hidden gems” like Sacramento and Albany are winning more industry interest thanks to affordable, talent-rich ecosystems. More

The Select Few Metros Where Wages Are Really Growing

Joshua Wright, VP, Economic and Workforce Development, Emsi (Q2 2017)

A recent analysis from Emsi suggests that the labor market might not be as tight as the data shows — or at least not tight enough for businesses in aggregate to significantly drive up wages. More

Leading Locations for 2017: West Coast "Tech" Cities Top List, Smaller MSA's Show Workforce Chops

Area Development Research Desk and Mark Crawford, Staff Editor, Area Development (Q2 2017)

It’s not surprising to see larger MSAs at the top of the list due to their economic diversity and advantages of scale. But, mid-size and small cities built upon clusters that are in high demand, and where a prime workforce exists, can also be economic powerhouses. More

Texas: Attracting Large and Small Companies Through Innovative Initiatives

Dan Emerson, Staff Editor, Area Development (Q2 2017)

State and local leaders are continuing to drive economic growth in Texas through pro-business policies and workforce training initiatives. More

2017 Gold & Silver Shovel Awards Recognize States Compiling Healthy Rosters of New and Expanded Facilities

Geraldine Gambale, Editor, Area Development Magazine and Steve Stackhouse-Kaelble, Staff Editor, Area Development (Q2 2017)

The work of economic development is a complicated mix of salesmanship, customer service, technical and legal expertise, communications, relationship-building, and a healthy dose of good fortune. More

Thinking Local: How to Find Manufacturing Talent

Joshua Wright, VP, Economic and Workforce Development, Emsi (Q2 2017)

The best answer to the skills-shortage question is that it depends on where you’re located, the positions you’re looking to fill - and perhaps most importantly, the compensation you’re willing to offer. More

Corporate Tax Reform to Have Positive, Domino Effect on U.S. Industrial Economy

Stephen Gray, CEO, Gray Construction (Q2 2017)

While the timing and details of a new corporate tax policy are still uncertain, it will change the business landscape for U.S. companies of all sizes for the better. More

Industry Leaders Speak on Issues Facing Small Manufacturers, and Optimism for the Future

Gray Construction (Q2 2017)

Small-to-medium-sized manufacturers are the backbone of the supply chain, making the parts and products that enable their larger counterparts to compete, grow and thrive. They constitute nearly 90 percent of manufacturing's contribution to the economy so it’s vital to understand and address the issues facing them. More

Workforce Supply and Demand in the Automotive Industry

Joshua Wright, VP, Economic and Workforce Development, Emsi (Q1 2017)

More technology and automation means auto makers require fewer workers (with relatively low labor costs), but their workforce needs are increasingly tech-focused—a trend that’s going to accelerate with the rise of driverless cars and trucks. More

31st Annual Survey of Corporate Executives: Confidence in U.S. Economy, Need for Investment in Infrastructure Reflected

Geraldine Gambale, Editor, Area Development Magazine (Q1 2017)

The Corporate Survey respondents feel confident about the economy under President Trump, but highway accessibility and skilled labor are still their primary concerns. More

13th Annual Consultants Survey: Confidence in U.S. Economy, Concern Over Proposed Trump Policies

Geraldine Gambale, Editor, Area Development Magazine (Q1 2017)

The responding consultants are confident that economic conditions under the Trump administration will be favorable to their clients moving ahead with new facilities plans, but also believe potential penalties for moving offshore will affect those plans. In fact, nearly two thirds believe there will be financial inducements to reshore operations. And 100 percent say finding skilled labor is the number-one priority. More