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.
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.