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Growth Magnets

In hard times, economic development specialists have created unique and innovative incentive packages to help ease the financial burden on existing companies and make it attractive for new ones to locate to their states. ...

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60 Seconds with Steve McKenna, Allied Van Lines, Vice President of Pricing and Contracts

BF: What economic advantages does Texas offer that have kept the state atop Allied's relocation destination list for the last four years? SM: Texas is often at the top our list due to a number of factors. First, it's a large state with a large population; therefore, it's likely to have a greater percentage of activity. The large metropolitan areas in Texas have diversified their economies over the last 20 y ...

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You’ve got a new partner, Bjorn

In the opening scene of one of our all-time favorite TV series, mob boss Tony Soprano is chasing a guy through a Jersey parking lot with a baseball bat. The guy owes Tony some vigorish.Vigorish is local vernacular for the weekly interest payments that loan sharks charge to their borrower community. These payments don't actually reduce the amount owed, they are kind of an ''insurance policy'' -- as in, you p ...

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Rebuilding of World Trade Center site is still years away

Within months of the hideous terrorist attack in 2001 that destroyed the World Trade Center, state and city officials in New York unveiled ambitious plans to build five new skyscrapers, a solemn memorial, and a gleaming new transit hub designed by Spanish architect Santiago Calatrava at the 16-acre site that is known as Ground Zero. The plans called for two reflecting pools that would sit atop the Twin Towe ...

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Cali is Growing Smarter by the Mile

When I was an undergraduate student in Bethlehem, PA, I made a friend from California who told me something I still remember to this day: "You belong in Los Angeles." I didn't understand fully what she meant, and she didn't elaborate. I had always been an East Coast guy—raised at the Jersey shore, and spending a lot of my teenage years and early twenties in the glorious frenzy of Manhattan. But shortly afte ...

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