Economy

Economic Growth Amid Challenges

Sunday, November 6th, 2011

Posted by:
Eric Stavriotis
Strategic Consulting

Economic downturns are tough on everyone, but this one has been doubly difficult for economic development commissions. One challenge is that most companies are not experiencing the kind of dynamic growth that allows expansion into new markets, and the few that are may expect more help from EDCs today than in the past.

The other problem is that many cities and states are more cash-strapped than ever. In looking for ways to reduce costs and increase tax revenue, economic authorities may not want to risk angering residents by giving big tax breaks to attract and retain companies. And some state and local governments have reached the limit of their capacity to raise money by issuing bonds.

Yet, there are industry sectors such as cleantech and healthcare where companies have expansion requirements, and some existing companies with expiring incentives are considering relocation if they can’t get continued public-sector support. EDCs need to pick their targets carefully and be creative in crafting incentive packages that will add, or at least maintain, jobs in their areas without pushing taxes or deficits too high.

Ohio has done a good job of walking that tightrope. Come to our CoreNet Global Forum session on Monday entitled “How to Make State and Local Incentives Work for Business” to get the latest on win-win strategies for businesses and communities.

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Session Report: How Economic Pressure Shapes the Society

Friday, March 25th, 2011

Posted by:
Nick Clifford
Associate Director, Corporate Consulting, Asia Pacific

In the opening General Session – moderated by John Forrest from Jones Lang LaSalle – Dr Jim Walker, Founder and Managing Director of Asianomics, provided what he described as a view of the world that was not tinted, but realistic.

With a “Scottish economist applying the Austrian approach of economics to Asia” we were introduced to some very different concepts to those we may have heard before.

So what did he have to say about Asia? Click here to read my full session report and find out what Dr Walker had to say about the three big economies of Japan, China and India.

Nick

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Video: Thoughts from the Summit – David Brown

Thursday, March 24th, 2011

David Brown, Head of Lease Administration, Asia Pacific

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Is the focus for future growth in Asia moving South?

Wednesday, March 23rd, 2011

Posted by:
David Brown
Head of Lease Administration, Asia Pacific

In this morning’s opening session, How Economic Pressures Shape the Dynamic Society, Dr Jim Walker (Founder and Managing Director of Asianomics) gave us a fascinating look at the potential future economic landscape in Asia Pacific.

We have been feeling a renewed confidence in Asia with the return to business growth in many markets. However, the picture painted by Jim was not quite as rosy as you might expect.

He suggested that the US economy could dip within the next six months. He was also quite downbeat on the forecast for China. On the upside, he was quite bullish in his outlook for South East Asia and had confidence in some of the fundamentals in India.

It will be very interesting to see how this conversation develops over the next two days.

David

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Good things come in threes

Friday, March 26th, 2010

Posted by:
Jeremy Sheldon
Managing Director, Markets Asia Pacific

OK, so yes we have been through a downturn. Many of us have been through downturns before. What can we learn from it to ensure we emerge from the downturn with strength? Here are three key points that I took away from the breakout session:

  1. The downturn has helped CRE raise its profile within many organizations – so use the opportunity to stay in front of the “top table” , continue to play a part in shaping the organisation and thus change managements view of the role of CRE moving forward
  2. Optimisation may not necessarily mean cutting cost  – the downturn sharpens the focus on doing things effectively and efficiently, so CRE should capitalize and instill these disciplines into the culture of the company
  3. The intersection between CRE, HR and IT is more important than ever in periods of significant growth or contraction – don’t just think space management, think “change management”

As they say “do not waste a good recession”!!

Jeremy

Watch my podcast from live on-site at the Summit! Are you ready for what comes next?

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