Governor Glenn Youngkin today announced that Virginia is ranked “America’s Top State for Business” by CNBC. The annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness to determine which states are delivering most effectively on the things that mean the most to business. https://lnkd.in/eHp-8M_e
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Maryland dropped ?? nine places in CNBC’s Top States for Business overall rankings, moving from 22nd in 2023 to 31st in 2024. Significant declines were also noted in business friendliness, where Maryland fell 13 spots to 37th, and in infrastructure, where we plummeted 22 places to 37th. Alarmingly, our state continues to rank as the 4th most expensive for business operations. See the latest data in our first spotlight on the 2024 Competitiveness Redbook for Maryland ?? t.ly/08IqS
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From the Blueprint for Economic Recovery to the “New” New York Action Plan, NYC has been focused on initiatives to usher in an economic resurgence that really does work for everyone. The “State of NYC’s Economy” report by the New York City Economic Development Corporation highlights in detail the strength of the city’s recovery and the challenges that persist. It’s why key policy and program changes from transformational rezonings and public realm ehancements to key transit investments and creating future-focused work opportunities have been and will continue to be vital. #NewNY
Today, we released the State of the New York City Economy report. This comprehensive, data-grounded analysis offers a nuanced view of the forces shaping New York City today and in the years to come. Swipe for highlights and read more at https://lnkd.in/evvdDGnJ.
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New research from the Economic Research & Policy team at the New York City Economic Development Corporation presents a data-driven narrative on the city's economy in 2024. The economic fundamentals of New York City are strong, with a record number of private sector jobs and a record share of New Yorkers either having a job or actively looking for one. Some other interesting stats from our work: - New York City’s economy and jobs have grown faster than the US economy since 2022 - Nearly 500,000 recent college grads since 2021 are choosing to live here, more than double any other US city - Fewer people are leaving the city—and more people are moving in—than at any point since the pandemic began. Using data from Placer.ai, we found that New York City’s population likely stabilized or even grew in 2024 - While a gender participation gap in the labor force remains, with women participating at lower rates than men, New York City women have closed 27% of the participation gap over the past 5 years - The New York City metro area has the lowest prevalence of fully remote work (no in-person workdays) among office workers in large cities, at 25%, compared to 40% for Washington DC and 33% for Los Angeles - The median rent paid by New York City renter households ($1,710)—factoring in all regulated units—is lower than in San Jose ($2,700), San Francisco ($2,340), and Los Angeles ($1,890), and is similar to Miami ($1,660) Interested in learning more? Check out the full report here: https://lnkd.in/eZUxyhRJ A big thank you to my colleagues Kyle Marks and Matthew Hutton for collaborating on this project with me, as well as the entire Economic Research & Policy team who contributed research.
Today, we released the State of the New York City Economy report. This comprehensive, data-grounded analysis offers a nuanced view of the forces shaping New York City today and in the years to come. Swipe for highlights and read more at https://lnkd.in/evvdDGnJ.
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?? The #NYCEDC just released its inaugural State of the NYC Economy Report. A must read ?? ?? 40+ major data sets crunched and analyzed across federal, state, city and private sector sources to form a fully comprehensive view of NYC’s economy including the latest on #jobs, #AI, business #investment, #office space, #housing production, #population growth, #tourism and more. ??Flip through highlights below, or enjoy the full read! New York City Economic Development Corporation
Today, we released the State of the New York City Economy report. This comprehensive, data-grounded analysis offers a nuanced view of the forces shaping New York City today and in the years to come. Swipe for highlights and read more at https://lnkd.in/evvdDGnJ.
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WATCH: Bob Rubin, CLU?, ChFC? was on One America News with Stella Escobedo discussing the prospects of a new economy under a second Donald Trump administration and the fall of DEI in corporate America. You don't want to miss it-watch the whole video here: https://lnkd.in/e2UV8MUP
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South Carolina ranks 19th overall among America’s top states for business in 2024, according to CNBC. ? The business news channel said South Carolina’s highest rank is 10th for the cost of doing business. The state’s lowest is 40th for access to capital. ? In other categories, South Carolina is 11th for infrastructure, 17th for workforce, 12th for the economy, 39th for quality of life, 28th for technology and innovation, 27th for business friendliness, 28th for education and 27th for cost of living.
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N.C. RANKED 2nd IN 2024: CNBC’s recent ranking of top states for business saw North Carolina narrowly miss the top spot, finishing second to Virginia by a mere three points in what was described as the "tightest finish in Top States history." The Tar Heel State demonstrated strong performance across several of the ten categories used in the evaluation. It particularly excelled in business friendliness (ranked 2nd), workforce (3rd), and economy (4th). However, North Carolina's overall standing was hampered by a lower score in the infrastructure category, which CNBC emphasized as the most heavily weighted factor this year. Despite falling short of first place, North Carolina's leadership celebrated the state's fifth consecutive top-three finish. They highlighted the areas where the state continues to shine while acknowledging room for improvement in certain aspects, such as quality of life. The office of Governor Roy Cooper released a statement underscoring North Carolina's economic achievements since his inauguration in 2017. The figures are impressive: over 115,368 new jobs and $53.45 billion in promised capital investments have been announced during his tenure. The state continues to attract major companies from diverse sectors including technology, manufacturing, energy, and pharmaceuticals. These investments are not only creating well-paying job opportunities but also drawing highly-skilled workers to the state. This consistent high ranking and ongoing economic development underscore North Carolina's enduring appeal as a business destination, even as state officials recognize the need for continued improvement in certain areas to maintain and potentially improve their competitive edge.
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CNBC has once again named Virginia as the nation’s best state for business, marking the sixth time the state has earned the top spot. Virginia also ranked #1 for education, #3 in infrastructure, and among the top 10 states for workforce and access to capital. CNBC also ranked Virginia as the top state for business in 2021, 2019, 2011, 2009, and 2007, making it the network’s most decorated state. https://bit.ly/3LipeH5
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In its three-part series, AJP-supported The Beacon Kansas City examines how Kansas City's position on the Kansas-Missouri state line creates unique challenges for economic development and public transit. Read the first story: https://lnkd.in/du4Czfcs
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North Carolina, which was at one time combined with South Carolina to form a single territory, was one of the original 13 colonies and became the 12th state in 1789. It sent the most troops to fight in the Civil War as part of the Confederacy before it was readmitted into the Union in 1868. North Carolina offers a mild climate and 300 miles of shoreline. Geographically, the state is divided in three. Its coastal plain is filled with beautiful beaches, including the Outer Banks, where the Wright brothers made the first successful manned flight in history in 1903. The middle of the state, known as the piedmont, is home to many of the state’s major cities, and the western end of the state is home to mountain ranges such as the Appalachian Mountains. Following the Civil War, North Carolina industrialized its towns with hundreds of factories to become the furniture capital of the world and a major producer of textiles and tobacco products. Tobacco mills produced cigarettes and chewing tobacco, textile mills spun cotton into clothing, and factories turned timber into quality furniture. Today, North Carolina's economic base looks much different. North Carolina's economy is now focused on industries such as banking, pharmaceuticals and technology. Charlotte has grown to become the second-largest banking center in the nation, and Research Triangle Park near the state capital of Raleigh is home to more than 200 companies. https://lnkd.in/du8N__29
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