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Tuesday, May 29 2018

By Dina DeCarlo and Christa Ouderkirk Franzi, Camoin Associates, Inc.

The travel industry is continuously evolving and responding to technological advancements and changes in consumer preferences. When thinking about trends affecting the travel industry, companies like Uber, Lyft, and Airbnb come to mind; and in terms of preferences, discovering “how to reach millennials” is always a hot topic. We have all heard about these, but, what are some other less obvious trends affecting change in the travel industry? And how can communities and businesses in the hospitality and tourism industry harness these trends to stay on the cutting edge of travel?

Economics of Travel and Tourism by the Numbers
Before diving into trends, it is important to understand the industry overall, how it operates, and its place in the greater economy. Broadly, tourism can be defined by the activities engaged in by people while visiting an area located outside of their typical geographic environment. To economic analysists, the hospitality and tourism industry consists of economic activity within four industry categories: 1. accommodations and services, 2. transportation, 3. food services and drinking places, and 4. recreation, entertainment, and shopping.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 03:08 pm   |  Permalink   |  Email
Tuesday, May 29 2018

By Angelos Angelou, CEO, Angelou Economics

For those so inclined, a quick glance at any scientific journal or publication reveals a community of discovery that is exciting, complicated, and, frankly speaking, bizarre. Recent breakthroughs include, but are by no means limited to: the observation of a neutron star collision that gave birth to an unfathomable amount of deep-space gold; the growing of a premature lamb in a plastic bag; and continued development of the CRISPR gene-editing technique. Researcher’s at the University of Cambridge even taught sheep to recognize Emma Watson’s face.  


Source: The Times

Alright, so all of that is…interesting. But it also raises an important question: why? What’s the point? How do we get from a celebrity-enamored sheep to a practical, commercialized good or service? The fact is, while discovery for discovery’s sake is great, it’s also expensive. Framing it another way, if research is to remain viable in the long-run, the knowledge gained must at some point make it out of scientists’ imaginations and into the hands of consumers. Unfortunately, the road from discovery to dollars is not always an easy one.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 03:05 pm   |  Permalink   |  Email
Tuesday, May 29 2018

By Lisa A. Bastian, President, Bastian PR

Fueled by new technologies and deep-pocket investments, today's modern railways are transforming how commodities and people move around the globe, and supporting overall economic growth at breakneck speeds. Here are just a few of the many exciting ways the rail industry has been evolving to offer innovative transportation solutions while remaining extremely relevant to our mobile society.

The Continual Greening of the Rail Sector
The rail sector already has impressive "green credentials" in the world of transportation. On average, railroads are four times more fuel-efficient than trucks in moving things and comprise less than one percent of U.S. greenhouse gas emissions. Today, railroads are researching and using more "green" programs than ever before to increase energy efficiencies, lower operational costs and meet/exceed tightening environmental regulations.

Slowly but surely, solar energy is being developed as an energy source for passenger transportation. Last December, the Bryon Bay Railroad Company in New South Wales, Australia, debuted the world's first all-solar-powered, 100-passenger train. It makes a round-trip run once an hour. (Batteries and an electric motor are present as back-ups.) Solar power also is being explored as a means to power up its stations and other facilities.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 02:56 pm   |  Permalink   |  Email
Tuesday, May 29 2018

By Sarah B. Hood

In January, Port of Cleveland President and CEO William Friedman spoke on behalf of the American Association of Port Authorities (AAPA) before the U.S. Senate Committee on Environment and Public Works about the sector’s critical infrastructure issues.

“It’s imperative that related infrastructure be a part of any broad infrastructure investment legislation the committee develops,” he told the Committee. “AAPA has identified $66 billion in potential waterside and landside investments over the next decade that will help assure the benefits from an anticipated $155 billion in port-related capital infrastructure investments.”

AAPA President and CEO Kurt Nagle points out that “seaport cargo activity accounts for 26 percent of U.S. GDP and over 23 million American jobs, and generates over $320 billion annually in federal, state and local tax revenues.”

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 02:36 pm   |  Permalink   |  Email
Tuesday, May 29 2018

By  King R. White, CEO, Site Selection Group, LLC

The domestic call center industry has gone through many cycles over the last couple of decades but continues to find its place within the U.S. economy as a critical part of a balanced workforce in communities across the country. Site selection strategies continue to evolve as companies seek to find the optimal location for their call centers. Similarly, call centers have expanded into omni-channel environments doing far more than what they did when the industry first gained a foothold in the 1990s. As a result, companies need to understand the latest trends and challenges faced by call centers and related back office operations within the United States.

The Evolution of the Call Center Industry
Call centers really began to emerge in the early ’90s as advances in telecommunication technologies enabled companies to route calls to various locations. This allowed companies to centralize where calls were routed in an effort to improve service levels and corporate efficiencies. The equipment was expensive but declined in price as cloud-based technologies took off. The industry rapidly matured and created countless jobs across the United States in both large and small communities.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 02:10 pm   |  Permalink   |  Email
Tuesday, May 29 2018

Despite consolidation of capital and talent in the nation’s two largest biopharma clusters, all 10 regions ranked by GEN have significant assets that make them attractive to biopharma researchers, executives, and investors. [Wsvan/Wikimedia]

Bruce Booth, D.Phil., a partner at Atlas Venture, astutely observed earlier this year that two key resources fueling the growth of biopharma were, until recently, somewhat geographically spread among the ten or so regions of the nation where the industry began to arise a generation ago.

“In recent years, this has changed—Boston and San Francisco are now the preeminent biotech clusters.  And their gravity in the ecosystem is only getting stronger,” Dr. Booth concluded in a March 21 post on his Life Sci VC blog. “Beyond having great science and the right ‘pixie dust’ in the local environment, two fundamentally important ingredients to the success of any cluster are capital and talent—and both are aggregating into the two key clusters.”

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 01:34 pm   |  Permalink   |  Email
Tuesday, May 29 2018

By Jay Garner, President, Garner Economics LLC & Cyndi Dancy, director of research, Garner Economics LLC

Top Areas for the Food & Beverage Manufacturing Industry
The food and beverage industry remains a generous slice of the nation’s manufacturing sector with steadily increasing employment. Consumers drive trends on what is being produced, how it is packaged, and the industry continues to adapt and thrive. Metro areas with large populations have a foothold on food productions, while other areas have found their specialties driving employment.

More than 1.8 million people across the United States work in food and beverage manufacturing sectors as of June 2017, according to the Bureau of Labor Statistics. These two sectors show continual employment growth since 2010 with strong advancement in the past five years.  

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 01:00 pm   |  Permalink   |  Email
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