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Friday, September 29 2017

By Michael D. White, author and freelance writer

Two seemingly disparate, though increasingly related, industry sectors –digital media and gaming – have seen an explosive surge in activity over the past several years that continues to serve as major engines of both regional and state economic growth and job creation, particularly in the south and southeastern U.S.

Digital Media

In 2015, McKinsey & Company published a report after investing three years in gathering research on the impact of digital media’s far-reaching influence on and varied applications for industries from print publishing to digital advertising, from video games to the box office.

According to the report, by 2019, “digital spending will account for more than 50 percent of overall media spend” as ongoing developments in digital media continue to foster “healthy economic expansion and increasing household incomes.”

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:10 am   |  Permalink   |  Email
Friday, September 29 2017

By Ed Bolen, President and CEO, National Business Aviation Association (NBAA)

The business aviation community consists of companies of all sizes that rely on many different types of aircraft – from single-pilot airplanes, to turbine aircraft that fly internationally, to helicopters that survey rush-hour traffic – and the fixed-base operations and many other services that support flight operations at the nation’s 5,000 public-use airports. 

The majority of these businesses – an overwhelming  97 percent – are small- to mid-size companies, and other entities such as nonprofit organizations. No matter how large or small, these companies all depend upon business aviation to provide flexibility and security that are increasingly necessary to compete in the global marketplace. 

That said, business aviation's contributions extend beyond the direct benefits to U.S. companies. This industry helps generate $219 billion annually in economic activity, and supports 1.1 million stable, high-wage jobs in this country alone.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:05 am   |  Permalink   |  Email
Friday, September 29 2017

By Kurt Nagle, AAPA President/CEO

At a time when the United States government is focused on creating American jobs, propelling the economy and modernizing infrastructure, the role played by the nation’s freight transportation system is more critical than ever. Unfortunately, transportation infrastructure investment in the U.S. has lagged, impacting the flow of goods to farmers, manufacturers, workers and consumers who must have access to the global marketplace. 

According to the American Society of Civil Engineers (ASCE) in its 2017 “Infrastructure Report Card,” America can no longer afford to defer investment into its infrastructure. To close the current $2 trillion, 10-year investment gap, meet future needs, and restore the nation’s global competitive advantage, an increase in investment from all levels of government and the private sector is needed - from 2.5 percent to 3.5 percent of U.S. Gross Domestic Product by 2025. 

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:00 am   |  Permalink   |  Email
Friday, September 29 2017

By Frank Spano, Managing Director and Susan Riffle, Manager of Communications, The Austin Company

The food and beverage industry is currently of great interest to progressive communities seeking to expand their industrial base. The reasons are clear: according to the 2017 annual U.S. Food & Beverage Industry Study by WeiserMazars LLP, most food and beverage companies anticipate an increase in sales this year. Survey participants — drawn from over 200 companies across the industry — are confident that sales will increase 21 percent compared to 2016, and net profits will rise by 16 percent.1  

In June 2017, the Bureau of Labor Statistics placed employment in the food processing sector at over 1.5 million workers. So far in 2017, the industry has added an average of 26,000 jobs per month to the U.S. economy,2 paying out $83 billion in total salary and benefits.3

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 08:45 am   |  Permalink   |  Email
Friday, September 29 2017

By Dr. Chris Kuehl, the economic analyst for the Fabricators & Manufacturers Association, International (FMA) and managing partner of Armada Corporate Intelligence

To the majority of the population, manufacturing itself is pretty mysterious. We know that everything we touch and use is manufactured in some way, but the process is something that takes place behind closed doors, and when people are asked to describe manufacturing they usually describe assembly rather than actual manufacturing. The fabrication sector is that much more mysterious to most. The classic definition of metal fabrication is producing the component metal parts that combine with other metal parts to form larger machines. By its very nature, the metal fabrication business is made up of smaller specialty companies that can do this kind of detailed work. The world of manufacturing tends to be divided between the large companies which essentially assemble components and the small and medium-sized companies that make them.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 08:30 am   |  Permalink   |  Email
Friday, September 01 2017

Anticipated federal under-investment in port-related infrastructure could dampen job and economic prospects

In its just-released 2016-2020 Port Planned Infrastructure Investment Survey, the American Association of Port Authorities (AAPA) – the unified and recognized voice of seaports in the Americas – asked its U.S. member ports how much they and their private-sector partners plan to spend on port-related freight and passenger infrastructure over the next five years. The answer was a whopping $154.8 billion.

AAPA then contrasted that number with what it believes is the “best-case” scenario for investments by the federal government into U.S. ports, including their land- and water-side connections, through 2020. The answer was just $24.825 billion.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 02:00 pm   |  Permalink   |  Email
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