Metropolitan Chicago's ability to move goods quickly and efficiently has never been more important than in today's globalized economy. Intermediate and finished goods now must move great distances. Since the end of the recession, U.S. imports and exports increased by 36 and 38 percent respectively.
Decades of aviation investment and planning in Arizona’s Phoenix (PHX) East Valley has provided the optimal landscape for aerospace, defense and aviation, and high-tech industries to thrive and grow. These industries also support cargo and R&D, and maintenance and repair business development. With this array of aviation and aerospace assets, including two commercial service airports and two of the busiest general aviation airports in the country, the region has become a key point of commerce in the Southwest.
The year 2015 is a coming-of-age turning point for Arizona’s Phoenix (PHX) East Valley. Local governments and private sector initiatives have transformed the area from a Fortune 500 business relocation magnet to a region that can grow its own industry game changers. Areas of skilled workforce, innovation, and robust infrastructure are driving emerging business and helping to revive recovering sectors.
The National Association of Counties and the National Association of Development Organizations (NADO) Research Foundation, with support from the U.S. Economic Development Administration, have launched a new competition for communities experiencing economic challenges resulting from the contraction of the coal industry.
Join NACo and NADO on Thursday, 1/22 at 2pm ET to learn more about the challenge and ask questions to competition organizers. For more information about the competition, please read more.
Economic Alliance of Greater Baltimore -- Recently, Richard Florida of The Atlantic‘s CityLab published a synopsis of a study detailing extensive research that linked arts clustering to widespread economic development in nearly every metropolitan region across the country. The Economic Alliance of Greater Baltimore elected to recreate some of this research and examine arts clustering in the Baltimore metropolitan area with 2012 data – two years newer than what was originally published – and compare it to the peer markets selected for the 2014 Regional Report.
LOWELL, Mass. -- Gov. Charlie Baker today announced a $4 million dollar grant from the Massachusetts Technology Collaborative (“MassTech”) to UMass Lowell to support development of a printed and flexible electronics industry cluster, an emerging field that has the potential to become a $76 billion global market in the next decade.
Godwin Xerri, Malta Independent -- According to a study published by Policy Research Corporation in 2008, Malta employs 7,600 people in the traditional maritime sectors, 11,000 people in coastal and sea related recreational and tourism and 1,400 persons in fisheries. These three areas make up for 20,000 jobs out of a working population of 190,000 people which represents 10.5% of Malta's work force.
Lisa Monti, Mississippi Business Journal -- A new study looking at Mississippi’s maritime industries spotlights the importance of shipbuilding, fishing, oceanography and marine technology as a dominant force in the state’s economy. The data show that in the three coastal counties, about 51,000 people – 35 percent of the entire workforce – are employed in so- called blue industries. Ashley Edwards, Susan Veglia and Kevin Buckley compiled the study as part of the Masters of Economic Development Program at the University of Southern Mississippi.
Max Ufberg, Pacific Standard -- Seemingly every American city, from Boston to New Orleans, wants to be “the next Silicon Valley.” This isn’t anything new; it has happened before with industries like film, video games, and alternative energy. Basically, if an industry looks profitable, city (and state) officials will often try to work tirelessly to bring their own municipalities a piece of the financial pie.