A newcomer to the winner’s circle and a 12-time repeat winner explain their strategies for corralling enough capital investment projects to claim the Cups.
Allentown-Bethlehem-Easton, Pennsylvania, is the No. 1 Tier-2 Top Metro among the 170 metro areas with populations between 200,000 and 1 million people, with Sioux Falls, South Dakota, taking the per-capita crown.
Bowling Green, Kentucky, is the No. 1 Tier-3 Top metro. The tri-state Sioux City, Iowa-Nebraska-South Dakota, region finishes No. 1 in projects per capita.
This 2019 rendering shows then-Emsi’s vision for its new HQ before the company merged with Burning Glass Institute and later rebranded as Lightcast.
Archive rendering courtesy of Emsi/Lightcast
In “Talent Disrupted: College Graduates, Underemployment, and the Way Forward,” a new and updated version of the 2018 report, “The Permanent Detour,” Strada Institute for the Future of Work and The Burning Glass Institute “show that a college degree is not always a guarantee of labor market success.” “Among workers who have earned a bachelor’s degree, only about half secure employment in a college-level job within a year of graduation,” write Strada President and CEO and former Virginia and Louisiana economic development leader Stephen Moret and Burning Glass Institute President Matt Sigelman in the preface, “and the other half are underemployed — that is, working in jobs that do not require a degree or make meaningful use of college-level skills.”
The Burning Glass Institute merged with Idaho-based Emsi, after which they rebranded as Lightcast. Backed by KKR, Lightcast today is headquartered in Boston, Massachusetts, and Moscow, Idaho, and active in more than 30 countries with offices in the United Kingdom, Italy, New Zealand, Canada and India. A 2019 story by Ron Starner documents how Emsi decided to move to a new HQ in its hometown of Moscow, Idaho. His 2021 interview with Stephen Moret when he was still leading the Virginia team shows his focus on the workforce of the future.
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Map courtesy of Volcker Alliance
In a new Volcker Alliance issue paper, State Tax Cuts After the Pandemic: Strategies to Sustain Fiscal Health, Georgia State University Andrew Young School of Policy Studies Associate Professor Can Chen and Senior Research Associate Alex Hathaway analyze the impact of 92 substantial tax relief measures in 39 states in fiscal years 2021–22, with additional cuts being made in fiscal year 2023. According to the National Association of State Budget Officers, the cuts will reduce state revenues by an estimated $124 billion through 2028.
“The pandemic-era tax-cut wave is at risk of becoming unsustainable for some states,” said Hathaway in a press release. “There are steps that states can take now and in the future to mitigate this risk, including prioritizing temporary measures and refundable tax credits and considering the long-term fiscal impacts of tax relief. Ultimately, states must ensure that tax relief is broad-based and fiscally prudent.”
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PHOTO OF THE DAY
Photo by Firewater Photography/Kris Decker courtesy of Visit Greenville
Named by National Geographic Magazine as one of “50 of the World’s Last Great Places,” Jocassee Gorges in Upstate South Carolina is “50,000 acres of lush forestlands boasting one of the highest concentrations of waterfalls in the eastern United States,” explains South Carolina Tourism. “With more than 75 inches of precipitation each year, it is the only temperate rain forest east of the Rockies.” It’s located near Greenville, where the Industrial Asset Management Council will hold its Spring Forum in early April.
