Upcoming Events: October 19-22 - IEDC 2014 Annual Conference

Big Data: Raising the Bar in Site Selection Since the recession there has been an unprecedented convergence of inter-disciplinary research experts such as economists, geo-spatial experts, data scientists and sociologists who are coming together to understand shifting labor supply and demand and how labor trends impact communities. As a result, site selectors, economic developers and prospecting companies are designing innovative approaches that uncover hidden geographies of opportunity at the hyper-local level, from sub markets within urban areas to rural gems. In this session, industry experts and economic developers will dive into real-world examples and share how they are helping companies from multiple sectors identify the right community for their organization based on labor cost, availability and sustainability.

Upcoming Events: August 5-8 - Logistics Development Forum

The Logistics Development Forum addresses the importance of logistics in a corporation’s decision for a new manufacturing distribution and/or warehousing location. Through educational sessions and one-on-one meetings with Industry experts and extensive networking activities, attendees will have the opportunity to share ideas and learn how to become more competitive in the logistics supply chain market.

Growing Student Loan Debt and Its Impact on Housing

A recent report by the Brookings Institution has stirred up the debate about whether there is a looming student loan crisis. But there is no question that with a growing number of people in college and rising tuition costs, more and more students are taking on loans and face years of paying down that debt— whether they successfully graduate or not. To illustrate a simple measure of the growing debt from student loans, Chmura built the maps below from Federal Reserve Bank of New York (“FRBNY”) Consumer Credit Panel data to show the balance of student loan debt per capita in each state between 1999 and 2012.

Virginia’s employment growth continues to lag

Virginia’s employment growth continues to lag the nation and it should remain subpar at least through next year. The reason: federal spending cuts. Stephen Fuller, an economist at George Mason University, recently pointed to a potential 4.5 percent decline in federal spending across the nation during the fiscal year that will end Sept. 30 and a further 9.2 percent decrease in the following fiscal year.