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.
Businesses provide numerous benefits to an economy in the form of products and services for use by society, tax revenues to governments, payroll to employees, and innovations, among others. Businesses range in type from sole proprietors to multi-national conglomerates.
Many listeners are familiar with the free resources that CERC offers for information on the Connecticut commercial real estate market - such as property listings on CERC SiteFinder®; and the CERC Town Profiles, however, CERC also offers project-based services for real estate as well.
In years past, economic development focused primarily on job creation and GDP growth as ways to measure progress. While these are still important measures, modern economic development practices have expanded to include a focus on inclusivity—making sure that economic benefits and an improved standard of living accrue to residents across the spectrum, and not just to those in select categories.
From 2015 through 2017, more than 10,000 New Englanders died from opioid overdoses. To better understand the factors behind the epidemic and the extent to which the crisis affects the region, a recent report by the New England Public Policy Center of the Federal Reserve Bank of Boston investigates the relationships between opioid abuse and various economic indicators in New England counties over the last two decades.
Last fall, a group of commercial and residential brokers, land use attorneys, licensed environmental professionals, economic developers, and others, met to discuss the elements of the Property Transfer Act. The Transfer Act was first adopted in 1985 and was subsequently amended over the years to encourage the clean-up of properties with environmental challenges. In current practice, the statute has negatively impacted economic growth without realizing many of the anticipated environmental outcomes.
Alissa DeJonge, CERC’s Vice President of Research welcomes Dr. Jeffrey Thompson, the Director of the New England Public Policy Center at the Federal Reserve Bank of Boston to discuss the findings in the latest research reported in, “The Growing Shortage of Affordable Housing for the Extremely Low Income in Massachusetts.”
It’s sunny and 86 degrees out today - the time of year to hit the beach, grill some burgers, and hope that the rooftop solar panels on my house are cranking out more energy than my air conditioner is sucking away. (Today, it may be a toss-up.) While the northeast is known for having higher energy costs than other areas of the nation, one bright spot is that there is greater financial and political incentive to implement clean, renewable, and energy-efficient technology here, which is reflected in Connecticut’s economic data.