ED Now

Aaron N. Gruen of Gruen Gruen + Associates shares his 2024 Economic and Real Estate Outlook with ED Now.

The National Institute of Standards and Technology (NIST) has launched the first CHIPS for America funding opportunity to revitalize the domestic semiconductor manufacturing industry, support good-paying jobs, and bring supply chains back to the U.S. As part of the bipartisan CHIPS and Science Act, the first funding opportunity seeks applications for projects to construct, expand, or modernize commercial facilities for the production of cutting edge semiconductors. NIST will also be releasing a funding opportunity for semiconductor materials and equipment facilities in the late spring, and one for research and development facilities in the fall. The first funding opportunity will evaluate applications with a primary focus on how projects ...

Aaron N. Gruen of Gruen Gruen + Associates—an urban economics, market research, housing and land use policy, and pre-development services firm—shares his annual economic and real estate outlook with ED Now.

The last two-plus years of the pandemic have brought complications for businesses and industries across the globe. One unifying issue has been supply chain disruptions. Despite some recent improvements, with geopolitical tensions rising around the world it is likely that these issues will not go away anytime soon. IEDC’s recent webinar “Resolving Supply Chain Hurdles” brought together a panel to speak on the current and future state of supply chains. Tony Clement, a former federal politician in Canada and co-chair for Reshoring Canada, started the discussion by remarking on the impact the geopolitical climate has had on the supply chain. The United States has been experiencing a decoupling from countries such as China ...

Dear friends and colleagues: I’m closing out 35 years leading a wonderful organization that has made an enormous difference in the lives of millions of people and in communities around the country. Thirty-five years. “That’s a long time,” is what some of you are probably thinking. “That’s too long,” might be your next observation. “Only 35 years?” might be the reply if you are a relative of mine. I want to draw your attention to something that the IEDC board likely wished it had known before hiring me, way, way back when Ronald Reagan was in the White House. Here is what I mean. My father worked for Westinghouse for more than 30 years; my sister worked for Ohio State University ...

IEDC’s 2021 Annual Conference was held this month in Nashville with the theme of Creative Economic Development, Tourism, Transportation & Technology, and featured dozens of breakout sessions tackling the most pressing issues of the moment. Here are a few of the highlights.

The Urban-Brookings Tax Policy Center cohosted a webinar with the University of North Carolina Tax Center titled What Are the Effects of the Biden Administration’s Corporate Tax Proposals? Jared Bernstein, a member of the U.S. Council of Economic Affairs, kicked off the webinar by detailing how the response to the current crisis has been “uniquely strong”. He identified some of the labor market’s constraints and barriers that exist between supply and demand, such as the coronavirus, vaccination rates, affordable childcare, and enhanced unemployment insurance. Shifting the discussion to tax policy, Bernstein believes in a few motivating operations to prioritize. First, we must “relink” pre-tax growth ...

By Chance Robinson, IEDC intern In response to President Biden’s executive order implementing the Buy American Act, Regional Economic Models, Inc. (REMI) held a webinar to discuss the economic impacts U.S. manufacturing will feel. Using economic modeling, REMI looked at various outcomes for the U.S. economy. History and background The Buy American Act was originally signed in 1933 by President Hoover, requiring the U.S. government to favor American-made goods over imported goods. President Trump strengthened the act in both 2017 and 2019, and on January 25, 2021, President Biden signed the act by way of executive order. One of the biggest changes to the act deals with end products made predominantly from steel or iron. Previously ...