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 Feature Industry Articles 
Tuesday, December 01 2015
Considering Reshoring?

By JoAnn Crary, President, Saginaw Future

After decades of moving jobs overseas, American companies have begun returning operations to U.S. soil in a process that is known as “reshoring.” In the 1970s, many U.S. companies began offshoring jobs—primarily in the manufacturing sector—to Asia in order to take advantage of significantly lower labor rates overseas. While offshoring continued over the following decades, the pace truly accelerated after China joined the World Trade Organization in 2001. In fact, it is estimated that six million American manufacturing jobs were lost between 2000 and 2009.1 In the current decade, the tide has begun to change directions with American companies discovering the benefits of producing goods and providing services including customer service and IT support in the United States.

Over the past year, the International Economic Development Council (IEDC) has spoken with reshored companies and conducted research on the primary reasons why companies are making the decision to reshore. There are numerous reasons for the reshoring trend, but a primary factor has been the rapid increase in labor rates abroad. Challenges with lengthy product lead times, ensuring quality control, and protecting intellectual property have also been stated as reasons for coming home. Sound familiar?

Posted by: AT 01:25 pm   |  Permalink   |  Email
Tuesday, December 01 2015
The Oil and Gas Industry - Technological Advancements that Minimize Pollution

By Yannis Gatsiounis, General Manager, Economic Development Strategy, AngelouEconomics

The conventional wisdom has it – has had it for 20-plus years – that renewable energies will soon replace fossil fuels.

In fact, fossil fuels, especially oil and gas, will remain central to our energy future, with heavily-subsidized renewables unable to overcome the forces of economic nature to drastically increase their market share.

Congress, for one, is inching closer to lifting the decades-old ban on crude oil exports, as fracking unlocks the potential of oil and gas wells, while the U.S. economy – valued at $17 trillion – is once again on the upswing, boosting energy production along with it.

Wind and solar account for a mere 8 percent of our energy supply. Even in global capitals for wind, like Denmark and Germany, are powered by some of the world’s finest engineers-residential power rates are among the highest in the world, at 42 cents/kWh in Denmark, and 39 in Germany. According to Bloomberg, Denmark intends to retract its lofty CO2 emission targets and scrap plans to become fossil-fuel free by 2050

Posted by: AT 01:13 pm   |  Permalink   |  Email
Tuesday, December 01 2015
Trends in Health Care Industries and Why the Health Care Sector Should be Included in Your Economic Development Strategy

By Jim Damicis, Senior Vice President Camoin Associates, and Alexandra Tranmer, Economic Development Specialist Camoin Associates

Conventional thinking about the health care industry in economic development circles dictates that it is an industry bogged down in federal and state bureaucracy, with little room for employment or growth opportunities. Yet, Jim Damicis and Alex Tranmer explore industry and market data to demonstrate the valuable role that health care and related subsectors can have on a community, proving it is a vital component of any economic development strategy. 

The health care industry1 is diverse, consisting of many subindustries including:

  • Hospitals
  • Nursing and Residential Care
  • Facilities
  • Social Assistance
  • Ambulatory Health Care Services, outpatient procedures, generally procedures that do not require an overnight stay in a hospital.

Examples include: blood tests, X-rays, or rehabilitation treatment. 

Posted by: AT 12:54 pm   |  Permalink   |  Email
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