The 33 Things to Economic Developers Need to Know This Week
The stories that Dane thinks you need to see this week. May 4, 2023 edition.
This week we have 33 tools, stories, graphics, charts and videos that I think you'll find informative, useful, inspiring, and perhaps even humorous. Some are economic development related directly, and some only indirectly. 🤔
If you're wondering what to do with the info in this newsletter, send something to your board members. It will make you look good!
As always, if you find something interesting, please send it to me.
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1) Want to better understand the US's industrial policy, read this: Remarks by National Security Advisor Jake Sullivan on Renewing American Economic Leadership at the Brookings Institution.
2) U.S. metros that are benefiting from rising manufacturing employment:
3) Home prices are rising faster than wages:
4) Ranking the states by income taxes in 2023:
5) Company housing: As rents and home prices across the U.S. have skyrocketed, more companies are finding it harder to recruit and retain middle-income workers. Record-high job openings and low unemployment have made the competition worse, fueling staff shortages. So a growing number of employers around the country have decided to build their own housing for workers, mostly for them to rent but sometimes to buy.
6) After pandemic rebound, U.S. manufacturing is drooping: Factories that roared out of the recession have stalled, hampering the economy, even as a new wave of production looms.
7) Rapid warehouse growth is sparking local resident backlash across the U.S.: Elected officials from southern California to Georgia have passed moratoriums on warehouse development.