Economic Development | Business Facilities - Area Economic Development, Site Selection & Workforce Solutions

The fiscal tsunami triggered by the collapse of Wall Street’s investment banking giants is poised to drown an entire county in Alabama. According to a report in Fortune magazine, Jefferson County, AL, which includes the city of Birmingham, is on the verge of filing for Chapter 9 protection in what would be the largest municipal […]


https://businessfacilities.com/2008/10/crimson-tide-swamps-birmingham/
The fiscal tsunami triggered by the collapse of Wall Street’s investment banking giants is poised to drown an entire county in Alabama. According to a report in Fortune magazine, Jefferson County, AL, which includes the city of Birmingham, is on the verge of filing for Chapter 9 protection in what would be the largest municipal […]

Facebooktwitterredditpinterestlinkedintumblrmail

Economic Development

Latest: Crimson tide swamps Birmingham - The fiscal tsunami triggered by the collapse of Wall Street’s investment banking giants is poised to drown an entire county in Alabama. According to a report in Fortune magazine, Jefferson County, AL, which includes the city of Birmingham, is on the verge of filing for Chapter 9 protection in what would be the largest municipal […]

Crimson tide swamps Birmingham

The fiscal tsunami triggered by the collapse of Wall Street's investment banking giants is poised to drown an entire county in Alabama. According to a...

You’ve got a new partner, Bjorn

After some brief consultations with their new friend in Moscow, Iceland's leaders hastily announced that oil-rich Russia had agreed to loan the country $5.4 billion, roughly the equivalent of a third of Iceland's GDP.

Philadelphia success story

In June, we took note in this space of Sheriff John Green of Philadelphia's refusal to enforce court-ordered foreclosure auctions in the city. The...

Save U.S.

Here's the understatement of the year for you: The United States is in some pretty deep trouble. As our presidential nominees debate whether or not...

Hydrogen-powered road test

When you turn the ignition key in your car and nothing happens, the first thing most of us do is get out and check...

Bridge to nowhere

In one of our favorite Honeymooners episodes, Ralph Kramden's buddy Ed Norton is bragging about an investment he just made in a new firm...

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...

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...

Tapping out an S.O.S.

When we last left the Federal Deposit Insurance Corp., the Depression-era aqency that backs up our bank accounts was trying to keep a lid...

Trump this, Donald

Does the cube farm in your office have the population density of Shanghai? Do you eat your lunch next to the copy machine because the...

The Mom and Pop Shop’s Gritty View of Government

Small business owners in the United States are overwhelmingly disillusioned and dissatisfied with the federal government, according to a recent press release from American...

Biotech, biotech sis boom bah!

When cheerleaders from Ohio and Pennsylvania start shouting at each other, it's usually because Penn State's Nittany Lions and The Ohio State...

Dollar keeps falling, but Tennessee is rising

A few months ago, we reported in this space that there is a silver lining in the generally depressing story of the plummeting U.S....

The three-legged frog that ate Nutley

For the past 80 years, Nutley, NJ has been a company town. For as long as anyone can remember, the Swiss pharmaceutical giant ...

LEED Gets A Makeover! Americans Get Bored?

Yesterday, I received a press release from the U.S. Green Building Council (USGBC) announcing the new certification bodies for the LEED Green...

Spittin’ in the wind

When we last left Rex Tillerson, chief executive of Exxon Mobil, the $479 billion fossil fuel empire he commands was proudly announcing...

Hottest ticket in town

A rather bizarre sight greeted tax attorney Mark Vulcan when he arrived for work at the Maryland Department of Business and Economic Development (DBED)...

Fannie Moe, Larry and Curly

As panicked depositors lined up in sweltering heat out West to bang on the doors of the shuttered IndyMac banking giant, the...

Retail: Open for Business!

Back in May, Business Facilities ran a special advertising article on the retail industry, which highlighted a couple of U.S. retail hot spots....

“Coal” is the New “Casino”

As I posted in April, Native Americans continue to push past stereotypes that peg their economic development efforts as nothing more than roulette wheels...

Selling ice to the Eskimos

There is a classic scene in the Simpsons movie when Homer and his family—arriving in Alaska to hide out from the EPA after...

New Camrys equipped with cable TV, dirty dishes

Does all the talk about the coming wave of electric cars have you thinking about extension cords? Or, to be more specific, do you...

Ahnold terminates the competition at BIO

About two dozen state economic development programs were showcased at last week's BIO conference in San Diego, but for at least one...

Business Aviation Rapidly Expands in the United States

Today, we open our blog to Mr. Frederick Metz Shepperd of Switzerland-based Quadral Group (www.quadralgroup.com). Frederick is also a member of ...

Not the Sheriff of Nottingham

Until recently, everyone in the current fiscal debacle has been playing their parts in a predictable manner. Top banking execs who presided over multi-billion-dollar losses...

The future arrives on 52nd street

We were standing on Sixth Avenue in the middle of Manhattan the other day, trying to hail a cab. The traffic was...

The Importance of Taking the “LEED”

This summer, Business Facilities is devoting a lot of editorial coverage to businesses going green; our June cover story will look at...

Don’t read this before you eat lunch!

For as long as we can remember, tourists heading for Mexico have been warned: ''Don't drink the water!'' Well, if you're planning to fill...

China’s Road-building Investment in Congo

In developed nations, access to major roadways is taken for granted. We have six-lane dual carriageways, networks of precisely paved arteries ...

Emerald City

They broke ground earlier this year for the headquarters of Masdar City, which according to its sponsors will be ''the world's first...

Happy Birthday, Spike

On May 1, 1931, President Herbert Hoover pressed a button in Washington, D.C. and the lights went on in the Empire State...

Recession What?

These days it's hard to stay up on the news without being subjected to talk of recession this and recession that. Now,...

A river runs through it

The devastation caused by Hurricane Katrina in 2005 started a national conversation about levees. Suddenly, a lot of people who couldn't tell the difference...

The Hopeful Hopi Tribe

Today, an article out of Arizona caught my attention for a couple of reasons. First, I don't often come across economic development news stories...

A breath of fresh air from coal country

Earth Day has everyone thinking "green" this week, so we thought this would be the perfect time to talk about a coal...

U.S. Bumper to Bumper Blues

With the familiar dread of my 5pm drive home on the New Jersey Garden State Parkway hovering, I have decided to ...

Brother, can you spare a tank of Exxon Supreme?

Do you have a tough time deciding whether to order that side of fries with lunch or put those nickels aside in case gas...

Will Minnesota’s JOBZ be AXED . . . for good?

It was about this time last year that I blogged about Minnesota's economic development golden child—JOBZ—which was on the legislative chopping block last year--largely...

Beijing drivers carry a torch for Detroit

The biggest status symbol in China isn't a Mercedes, it's a roomy, six-passenger Buick. That's right, General Motors' venerable sedan is the most sought-after vehicle...

Maybe they should put a high-tech door in that big border fence

With the U.S. economy on life support -- in the form of regular transfusions of cash from the FED -- and jobs disappearing in...

Business Facilities & COVID-19

SAP Labs Canada, Amazon Expanding In Quebec

SAP Labs Canada will open a research and development office in Montreal; Amazon adds five new facilities and 1,000 jobs.

Civica To Create 186 Jobs With New Virginia Pharmaceutical Facility

Pharmaceutical manufacturer Civica Inc. will build a 120,000-square-foot manufacturing facility in the City of Petersburg, VA.

Mayors Urge Congress To Pass Biden Plan For Direct Aid To...

More than 280 Republican, Democratic, and Independent mayors urge lawmakers to save jobs, boost recovery with desperately needed direct aid to all cities.

Featured Location Spotlight

Location Spotlight: Spotsylvania County, Virginia

Spotsylvania, Virginia is a highly sought after location for businesses due it's strategic location in the mid-atlantic region. With Interstate 95 carrying thousands of people through the county everyday, Spotsylvania has quickly become a hub of economic activity.

Featured Location Videos

HudsonAlpha Institute for Biotechnology – Coronavirus Update

HudsonAlpha President and Science Director Rick Myers, PhD, gives an update on coronavirus research and support happening on our campus. This update includes work done through our non-profit research labs as well as through the associate companies who reside on the HudsonAlpha campus.