Is the U.S. Seeing a Manufacturing Renaissance?
October is Manufacturing Month. In that light, let’s take a look at how manufacturing is doing in the United States, Florida and Okaloosa County.
In 2018, 264,000 new manufacturing jobs were added in the U.S. This represents the highest number of new workers since 1988. As a percentage of total workforce, manufacturing rose for the first time since 1984.
Manufacturers in the U.S. added 499,000 jobs from November of 2016 to May of 2019, expanding by 4.0%.
Socialism and Economic Development
How does that work?
There has been a lot of talk in the news about Socialism. In May of 2019, Gallup released poll results showing 43% of Americans think Socialism would be a good thing.
This seems to show that Americans don’t understand what Socialism really is. You can’t have a free market and state controlled production and property.
Censorship, the Cancel-Culture & Economic Development
Censorship, the Cancel-Culture & Economic Development
Just the Facts.
In 2019 Amazon wanted to build a headquarters in New York. They would have received an estimated $3 billion in incentives in return for creating at least 25,000 jobs, an Amazon-sponsored employment center and workforce development program focused on technology training and local recruitment, including for those living in the Queensbridge public housing project, and neighborhood improvements such as a 3.5-acre park and waterfront esplanade.
Businesses Leaving Riot-Torn Cities Is a Man-Made Disaster
Quality of Life and Economic Prosperity Will Take a Long Time to Recover
A company that has been in Minneapolis for 80 years is leaving that city. Businesses in Seattle are moving to Idaho and Arizona or at least out of the area to other parts of Washington State.
For many years now, people and businesses have been leaving California in droves. This has been in large part due to government policies, such as onerous tax burdens. The Nevada real estate market has been a testament to this exodus. Today the Phoenix, Arizona real estate market is booming as is the Boise market.
Will Coronavirus Impact a Company’s Future Relocation?
Not all states have handled this pandemic the same way. Not all states were affected the same way. Georgia “opened up” earlier than most, as did Colorado. One governor is a Democrat and one is Republican, so it isn’t just politics. Some states have had very strict rules and others have been less restrictive.
It is obvious the U.S. economy has been devastated by the shutting down of business. Most leaders probably did the best they could with the information available. Some leaders have been criticized for going too far. Will governors look back at how they managed their state during this time and match their policies to the rate of economic recovery?
American Independence from China
A New Industrial Revolution?
Last month I wrote about our dependence on China for 80 percent of our antibiotics.
I made the case the United States should have health and medical independence. We can’t remain in such a vulnerable position. We now have energy independence. We were totally dependent on OPEC countries and Russia. Both energy and health are national security issues, economic issues and should be economic development priorities.
Declaration of Independence
American Independence Should Be Economic Development Priority
Similar to how the 911 attacks showed us the inadequacies of screening for terrorists, especially on airplanes, the Coronavirus Pandemic shows weaknesses in our preparedness to combat other threats.
I’m not talking about blame, panic and unreasonable, hysterical political attacks. I refer to our dependence on foreign countries for our basic needs.
Marketing and Customer Service are Also Economic Development
Visit Florida has been in the news again because there are legislators wanting to eliminate it or cut funding - again. Last year the budget was cut from $76 million to $50 million and again, some ranking members of the Legislature are questioning the value of marketing Florida as a place to visit and do business. All too familiar, we have been down this road before with both VISIT Florida and Enterprise Florida.
All You Upstarts Out There
Constant Change Causes Ups and Downs for Entrepreneurs
Read the Wall Street Journal lately and you see weekly articles about We Work. Nothing good is being said. We Work is a real estate company that specializes in co-work space both physical and virtual. This idea really began at the turn of the century. It’s only 20 years old. It started out as a solution to a problem. Simply, it was unproductive for some to work at home, cost prohibitive to rent or build an office of your own and it created a social and synergistic working environment. What a cool idea. Many jumped on this bandwagon and started co-work spaces. Many closed a year later. We Work has more problems than it can count including the flamboyant CEO.
What Everyone Thinks About Millennials Isn’t Necessarily True
And How That Can Help Our Community
At the beginning of this decade millennials were reported as moving to cities in droves. This helped lead an urban revival according to an article in the Wall Street Journal last month.
We’ve all continually heard that millennials want big-city life. It is a quality of life issue with them. They want cultural diversity, a vibrant nightlife, a myriad of restaurant, retail and entertainment options. The well-paying jobs are there.