Today’s young talent is much more concerned with a city’s lifestyle offerings than its job market. This shift in priorities has forced companies to follow the talent, investing millions in office development and expansion in the country’s leading and secondary markets — a trend that is growing in prevalence as the labor market tightens and young talent becomes more scarce. More »
President Trump has pledged to bolster American manufacturing during his time in office. But local have witnessed up close how emerging technology can eliminate and threaten jobs in manufacturing and other sectors. And some are grappling with what—if anything—they can do so their residents are less vulnerable to this trend in the years ahead. More »
The Census reports that a record-low share of Americans are moving. A recent paper suggests government policies might be curbing mobility. More »
More good news for Detroit and southeast Michigan: Uber, Guangzhou Automotive and Google Waymo all plan to break ground on R&D centers in greater Detroit in 2017. More »
To improve US industries' ability to compete abroad, the Trump administration will have to do more than promote low-wage domestic manufacturing jobs. More »
To chants from union protesters, new Missouri Gov. Eric Greitens signed legislation Monday making Missouri the 28th right-to-work state in the nation. Republican House. Republican Senate. Republican governor. Done, done, done. More »
American consumers pay an average of $35,000 for their new car, truck, or crossover. But what does that sum actually cover? And with President Donald Trump's border tax threats that could add 20 percent to the price of any car manufactured outside America, exactly how crucial are labor costs to consumers — and automakers? More »
Autonomous driving, electric cars and ride-hailing apps from Silicon Valley, like Uber, are reshaping transportation. Young people no longer feel as compelled as previous generations to own cars. And Wall Street shows scant respect for automakers and their global manufacturing prowess: The market value of Google, which is building a driverless car, is more than double that of BMW, Daimler and Volkswagen combined. More »
Electrify America will oversee investment in efforts like electric-car charging stations. More »
The auto industry sits on the precipice of potentially monumental change. Ride-share technology is rapidly diffusing around the world, and the push toward autonomous vehicles is accelerating. Consumers will soon be able to commute in driverless, cheaply financed automobiles, and they’re nothing like the cars currently being manufactured in Mexico. More »
As the U.S. labor force crests again, a new complex of problems locks many Americans out of the workplace. More »
Singapore Airlines (SIA) (SIAL.SI) announced a provisional order worth $13.8 billion at list prices to buy 39 Boeing (BA.N) wide-body planes on Thursday as it battles Gulf carriers, dealing a blow to Airbus (AIR.PA) in the key market for big twinjets. More »
The U.S. economy is potentially entering into a historic expansionary period beginning in 2017, which could create significant challenges for corporate site selection, economic development agencies and workforce development departments. More »
As banker Mer Grayson Jr. recalls, when Drees Homes needed a loan of about $1 million for its corporate headquarters on Grandview Drive in Fort Mitchell, three Northern Kentucky banks decided to team up to share the risk on a construction loan that was considered to be pretty hefty around 1980.
How things have changed.
No one suggests million-dollar transactions are now equivalent to lunch money in Northern Kentucky. But a fortunate combination of factors – the region’s location, its growth, new technology, and critical changes in state and federal banking regulations – mean it is far easier for businesses today to get several proposals when they’re searching for capital to build, operate and grow. More »
Samsung is considering constructing a U.S. factory to produce home appliances, per Reuters. If the plan comes to fruition, Samsung would join a handful of other firms that make appliances in the United States. More »
Biotech executives warn of an impending ‘crisis of science’.
Foreigners key to research; shortages of Americans with skills. More »
Aetna Inc., headquartered in Hartford since 1853 and nearly inseparable from the city's identity, could take the unsettling step of downsizing its corporate presence in Hartford, a prospect that sends a chill through greater Hartford. More »
Republican Governor Eric Greitens signed legislation on Monday making Missouri the latest “right-to-work” state, as the growing movement sets its sights next on New Hampshire, hoping to break into one of the labor unions’ last remaining strongholds. More »
For workers, it’s intimidating to hear of industrial digitization plans that envision handing over anywhere from 60 to 80 percent of processes to robots and other programmable machines in the not too distant future. More »
While specific changes to the H-1B visa plan are not confirmed, the travel ban has already impacted employers and workers. There are currently approximately 400,000 H-1B employees. The H-1B program is not the only visa foreign-born workers in the US use—there's the L-1, the F-1 OPT, and a handful of others—but it is the most widely used. And changes to the H-1B plan will certainly impact the tech industry, as tech companies are the primary employers of these visa holders. More »
