CERC Town Profiles™ are a resource for many - entrepreneurs looking to determine markets and how to grow their business, real estate professionals who need to portray a region, municipalities conducting strategic planning and updates to plans of conservation and development, economic development professionals preparing context for grant and other funding requests, and the general public who are interested in learning more about their current or potential hometown.
Sometimes economic forces and trends come together in interesting ways, and at CERC we are always on the lookout for these types of developments. One such technology came to my attention recently, and I was intrigued to find out more about WikiHouse, an organization whose mission is to “put the tools and knowledge to design, manufacture and assemble beautiful, low-cost, low-carbon buildings into the hands of every citizen, community and business.”
Alissa DeJonge, Vice President of Research at CERC, shares highlights of an upcoming Hartford Business Journal Economic Outlook article and how national trends in several key demographic sectors and industries are affecting Connecticut.
After a period of steady growth, we’re starting to see signs of a slow down as the economy begins to return to a more baseline level of growth.Factors such as the diminishing effects of the temporary boost from the 2017 tax changes, as well as slowing in the manufacturing sector due to prolonged uncertainty with trade and tariffs, have a different economic outlook going into 2020.
Popular in California and the Pacific Northwest where we see high population growth and prohibitive real estate prices, the fastest adopters of the tiny house movement are millennials, who are trying to establish their own space, and baby boomers / early empty-nesters that are looking to downsize.Here in Connecticut, tiny homes are more of a curiosity or novelty, and come with complications, in part due to municipal zoning regulations.
We keep hearing that Connecticut’s industries are changing – manufacturing is becoming more automated, retail is changing as goods are delivered to our doorsteps, healthcare is the fastest growing industry nationwide -- and these trends hold true here in our state. Add tariffs, global economic softening and international political turmoil and most of our community leaders are overwhelmed, to say the least. What can they do locally about any of this? Why should it matter to any of our municipal leaders?
As developers and applicants look fondly on municipalities that are streamlined and able to get development up and running quickly, the question for towns and cities becomes, how do our local land use policies incentivize and streamline economic development projects?And how does this affect the reputation of our community in the eyes of potential developers and applicants?
Wanted to share a recent success story – from our work for the Town of Seymour – that underscores the positive economic outcomes that happen when town, state, and private partners work together to find inventive solutions.
While CERC offers a wide range of services, one of our most well-known and popular offerings are the CERC Town Profiles. Covering all 169 municipalities in Connecticut, the Town Profiles offer the reader a nuanced view of the economic and demographic characteristics of each municipality, including information such as population, major employers, education, fiscal issues, labor force and housing.
The retail industry is going through a remarkable transformation - in part due to technology as well as cultural and social shifts.
In this episode of CERCONOMY, Alissa DeJonge, CERC's Vice President of Research, and Rachel Gretencord, CERC's Financial and Research Analyst, sit down to discuss the changes occurring in the retail marketplace, and what retailers need to do in order to survive - including establishing destinations where shoppers want to go and spend time - creating authentic experiences.