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 Feature Industry Articles 
Tuesday, September 18 2018
Foreign Trade Zones: A Valuable Tool for Local and Regional Economic Development

By Greg Jones, Vice-President, FTZC™ (Foreign-Trade Zone Corporation)

In his Magnum Opus commonly known as “The Wealth of Nations,” 18th century Enlightenment philosopher and economist Adam Smith noted, “Every man thus lives by exchanging, or becomes in some measure a merchant, and the society itself grows to be what is properly a commercial society.” If one were to update this observation, one might say that every man and woman’s livelihood depends on the exchange or trade of goods, services, and every form of property. Since ancient times, trade in goods has fueled the growth of cities, the construction of roads, ports, and other infrastructure, and indeed, nations and empires. In those days the trade of goods was – literally – a pedestrian affair. Merchants loaded goods and commodities on a beast of burden and hoofed-it to the village, town, or city where the goods would be sold. Today, trade ranges across the globe, with raw materials, parts and components, and finished products being produced, marketed and transported in every country, city, town, and household via multiple modes of transportation: ocean, air, rail, and highway.

As trade has expanded and become more complex, competition has become global. The competition to attract and retain value-added business operations, and thereby reap investment, employment and prosperity is also global in scope.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 10:10 am   |  Permalink   |  Email
Tuesday, September 18 2018
Trends in the Disruptive Digital Media Industry

By Christa Ouderkirk Franzi, CEcD, Senior Project Manager, Camoin Associates, Inc.

Digital media is arguably the most disruptive industry across the economy. Beyond completely transforming the way we watch movies, play video games, and receive news within just a few years, businesses that do any sort of online marketing are in a constant battle to keep up with the perpetual onslaught of new channels, applications, technology, and tactics to reach targeted audiences.  

The digital media industry is just as hard to define as it is to stay on top of. When broken down, ‘digital’ means anything related to using a computer and ‘media’ are the tools used to communicate across space and time such as books, radio, television, etc. While streaming radio over the internet is a form of digital media, the use of computers to communicate allows something that traditional broadcast media does not: interaction across networks. Consumers of digital media engage with content with a simple ‘like’ or ‘share’ to their personal online network, or they can create an online group to identify others interested in the same type of content. All these actions by consumers are a way of communicating preferences back to content producers and providers who use this information to better their offerings and the user experience. 

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:00 am   |  Permalink   |  Email
Monday, September 17 2018
Outdoor Recreational Economic Development Outlook 2019 and Beyond

By Don Holbrook, Site Location Advisor

“Outdoor recreation is an economic powerhouse in the United States, each year generating $887 billion in consumer spending and 7.6 million jobs. Generates $65B in federal tax revenue and $59B in state and local tax revenue.” -- Outdoor Industry Association

Consumer Spending on Outdoor Recreation ($887 Billion) Includes:

  • Outdoor Recreation Products - including gear, apparel, footwear, equipment, services and vehicle purchases ($184.5 billion)
  • Trip And Travel Spending - including airfare, fuel, lodging, groceries, lift tickets, guides, lessons and more ($702.3 billion)1

A Growing Body of Research Suggests that Investments in Outdoor Recreation Infrastructure and Programming Could Significantly:

  • Reduce crime rates by six to eight percent,
  • Improve educational outcomes for elementary, secondary and post-secondary students, including attention and test scores, retention and high school graduation rates.
  • Lower long-term individual and public health care costs by reducing stress and obesity rates, improving physical fitness and strengthening social bonds with family and friends. Exercise is a primary need for our otherwise sedentary gaming children.1
Posted by: Nicole@ExpansionSolutionsMagazine.com AT 10:34 am   |  Permalink   |  Email
Monday, September 17 2018
Metal Fabrication: Bending, Shaping and Molding Its Future Growth 

By Michael D. White, author and freelance writer

It really isn’t too much of a stretch to say that metal fabrication is a lot like the musical score to a great film—you don’t realize how important it is until it isn’t there. 

Close your eyes and imagine Lawrence of Arabia, Dr. Zhivago, Cast Away, Jurassic Park, Saving Private Ryan or The Magnificent Seven without the music that lifts them to the level of masterpiece. Imagine, then, going about your business every day, or at least trying to, without refrigerators, washing machines, thumbtacks, air conditioners, automobiles, wire, bridge spans, locomotives, lap tops, knives and forks, airplanes, nuts and bolts, agricultural machinery, watches, window frames, hand tools, nails, and the humble ‘tin’ cans that contain everything from brake fluid to creme soda. Good luck. 

Ubiquitous metal fabricators across the country cut, bend, roll, punch, forge, turn, stamp, cut, shape and form metal–primarily steel and aluminum rods, bars and sheets-for virtually every ancillary industry one can conceive, from manufacturing, construction, aerospace, automotive, architecture, and electronics, to food processing, telecommunications, medical, energy and power generation, just to name a few. 

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 10:26 am   |  Permalink   |  Email
Monday, September 17 2018
NBAA Works to Preserve and Protect Vital Community Airports

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

Business aviation is a vital industry throughout the U.S., not only for the companies that utilize its flexibility to compete in the global marketplace, but also for communities that rely upon business aviation as an indispensable lifeline to connect them to the world. For more than 70 years, the National Business Aviation Association (NBAA) has advocated on behalf of these distinct, but closely-related, interests. 

The vast majority of companies that rely on business aviation are small and medium-size companies, many of which are located in towns far from America's major metropolitan business centers. These enterprises depend upon business aircraft, operating from community airports, to remain connected and competitive.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 10:18 am   |  Permalink   |  Email
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Our content is from many sources and not warranted to be accurate or current. 
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