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COVID-19 Downtowns Quality of Life

Ciao San Fran! Part 2

Tech Workers Consider Escaping Silicon Valley’s Sky-High Rents

relates to Tech Workers Consider Escaping Silicon Valley’s Sky-High Rents

From Bloomberg, a continuation of the coverage of California and the San Fransisco area’s apparent cluelessness regarding how the economy and labor markets work, and their continued efforts to drive business and high skill workers out of their area.

From the article: “Sachin Dhar thought he and his fiancée had a great deal paying $2,650 per month for a one-bedroom rental in South San Francisco, a short commute from Facebook Inc.’s offices in Menlo Park, where she works. But when the social networking company announced that most employees would be working from home until the end of the year, their calculation changed. “It makes no sense paying Bay Area rent if we can earn our salary living elsewhere,” says Dhar, 25, who already works remotely for a New York advertising startup. They’re considering moving to Hawaii—or, to really save money, somewhere in the rural U.S.”

relates to Tech Workers Consider Escaping Silicon Valley’s Sky-High Rents
Facebook Headquarters

As workers seek out quality of life, working remotely means that they can live in places that offer great quality of life and quality of space, instead of spending you life in bunker in a sea of parking with no authenticity or character.

This is great for downtowns

This is great for Florida

This is great for Tennessee

This is great for Texas

I guess its also great for California… They get rid of those pesky capitalists.

Read more… https://www.bloomberg.com/news/articles/2020-05-14/tech-workers-consider-escaping-silicon-valley-s-sky-high-rents

Categories
COVID-19 Downtowns

Close the Streets!

For small businesses, survival may hinge on closing streets

Picnic tables and plants have been added to some streets in downtown Tampa.
Tampa Bay is allowing some restaurants to place tables in the street so the businesses can remain viable during social distancing. Barricades are placed around the outdoor seating that's now located in the street.

More coverage about Tampa’s leadership in working to bring stability back to their restaurant sector. This is catching on with many other communities. Really sad though to see another city that used to be an economic development leader when it came to disaster and economic recovery at the back of the pack these days.

Read more… https://www.cnn.com/2020/05/18/economy/cities-close-streets-restaurant/index.html

Categories
COVID-19

Reshoring!

The Coronavirus pandemis has left hundreds of U.S. manufacturers examining how to bring at least some of their operations and real estate footprints home. Nearly two-thirds of North American manufacturers say they are likely to bring production and sourcing back to the continent, a new survey by industrial data and tech company Thomas shows. The company surveyed over 1,000 of the continent’s manufacturing and industrial suppliers, with the help of business-to-business data gathered on Thomasnet.com.

Manufacturing

Survey indicates that the number of manufacturers that are interested in bringing operations home has increased from 10% to 64%.

Read more… https://www.bisnow.com/national/news/industrial/manufacturers-looking-to-the-us-could-further-boost-industrial-cre-104369

Categories
COVID-19

Your Economy

Your Economy has some very insightful graphs and information about establishments and jobs and the impact of the Pandemic. Read more…

https://youreconomy.org/

Categories
COVID-19 Entrepreneurship Starting Over

How Start Ups Can Power the Recovery

Good article by Ross DeVol from Heartland Florida about the importance of entrepreneurs and small businesses to having a vibrant local economic recovery.

Heartland Forward’s report lays out specific ways that cities can—and should—focus on creating environments where new, growing firms can thrive. A brief look at these suggested actions:

  1. Improve attitudes toward entrepreneurs.
  2. Enable dealmakers.
  3. Promote early stage risk capital networks.
  4. Establish and fund entrepreneurial support organizations.
  5. Link in corporations.
  6. Employ new real estate and service provider models.
  7. Demand university entrepreneurial engagement.
  8. Position government as a central hub for entrepreneurial resources.
  9. Build and enhance quality of place and amenities.

Categories
COVID-19

COVID-19 – Business Impacts

The SBA’s experimental Small Business Pulse Survey (Business Pulse) measures the changes in business conditions on our nation’s small businesses during the coronavirus (COVID-19) pandemic.

To save the economy, policymakers need to know small business 101

Business Pulse complements existing U.S. Census Bureau data collections by providing high-frequency, detailed information on small business-specific initiatives such as the Paycheck Protection Program. Results from the survey could provide useful information to policymakers as they seek to address some of the challenges faced by small businesses. In addition, the information may aid businesses in making decisions and assist researchers studying the impact and responses to COVID-19.  https://portal.census.gov/pulse/data/

Here are some results from the week of April 26 – May 2, 2020. In general, the results indicate that Florida businesses are performing below the national average, and Tennessee businesses are performing better.

Overall Impact:
Large negative impact: National 51.4%, Florida 52.5%, Tennessee 43.7%
Moderate negative impact: National 38.5%, Florida 38.1%, Tennessee 38.5%
Little or no effect: National 7.6%, Florida 7.8%, Tennessee 9.4%

Change in Revenues:
Increased: National 5.9%, Florida 5.1%, Tennessee 9.3%
No change: National 20.1%, Florida 17.6%, Tennessee 20.1%

Temporary closings in the last weel:
Yes: National 41.4%, Florida 37.3%, Tennessee 35.1%

Change in Employees:
Increased: National 4.2%, Florida 3.2%, Tennessee 5.9%
Decreased: National 27.5%, Florida 26.8%, Tennessee 19.6%
No Change: National 68.2%, Florida 70%, Tennessee 74.4%

Change in Employee Hours:
Decreased: National 51.2%, Florida 53.6%, Tennessee 43.0%

Shifted to Other Goods or Services
Yes: National 6.8%, Florida 8.2%, Tennessee 7.0%

Adopted pickup/delivery/carry out
Yes: National 15.2%, Florida 14.5%, Tennessee 20.5%

Cash on Hand:
1-2 months: National 24.8%, Florida 23.3%, Tennessee 29.2%

Missed Loan Payments:
Yes: National 11.5%, Florida 9.9%, Tennessee 12.5%

Missed other scheduled payments:
Yes: National 23.6%, Florida 23.5%, Tennessee 18.6%

Received Assistance:
Paycheck Protection Program: National 38.1%, Florida 29.1%, Tennessee 44.2%

How Long until return to usual level of operations:
2-3 Months: National 24.1%, Florida 23.9%, Tennessee 35.9%
4-6 Months: National 27.7%, Florida 28.2%, Tennessee 24.4%
More than 6 Months: National 31.4%, Florida 33.8%, Tennessee 24.5%
Business cannot return to usual level: National 6.2%, Florida 4.3%, Tennessee 4.5%
Little or no effect on usual operations: National 6.7%, Florida 5.8%, Tennessee 6.1%

Categories
COVID-19 Entrepreneurship Starting Over

No Excuse… Start Your Business NOW!

“Why The Coronavirus Pandemic Should Motivate You To Start A Company And Eight Excuses That No Longer Matter”

This coronavirus pandemic will spawn new startup companies across the world.

Another article reinforcing our position that downturns are the best time to start a new business or entrepreneurial venture. Read more…

https://www.forbes.com/sites/bernhardschroeder/2020/04/29/why-the-coronavirus-pandemic-should-motivate-you-to-start-a-company-and-eight-excuses-that-no-longer-matter/#57afb19f2f4d

Categories
COVID-19 Downtowns Entrepreneurship

Main Street Retail Revival

The Pandemic Will Lead to the Revival of Main Street Retail


Great article and outlook by Robert Gibbs, definitely worth a read.
https://dirt.asla.org/2020/05/13/the-pandemic-will-lead-to-a-revitalization-of-main-street-retail/

Categories
COVID-19

COVID-19 Impacts

Weekly Census Bureau Survey Provides Near-Real-Time Info on Businesses and COVID’s Impact

Shop Small on Saturday - Denver Metro Chamber of Commerce

“The first results from the new U.S. Census Bureau Small Business Pulse Survey released today show a large negative effect from COVID-19 for the majority (51.4%) of respondents and an expectation that it will take more than six months for their businesses to return to normal.

The survey, conducted by email, is intended to provide crucial weekly data on the impact of the COVID-19 crisis on the nation’s businesses. Results are displayed as data visualizations.”

Read more…

https://www.census.gov/library/stories/2020/05/new-small-business-pulse-survey-shows-breadth-of-covid-19-impact-on-businesses.html

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BusinessFlare Approach COVID-19 Investment Drivers

Investment Driver: Labor

Skills-based hiring can help fill jobs quickly, retain talent, diversify an organization’s talent pipeline and provide a greater awareness of skill attainment and critical upskilling needs.

Lake County manufacturer

Interesting post about shifts in Labor Market Analysis out of Orlando. Worth a read…

https://news.orlando.org/blog/the-importance-of-skills-based-hiring-a-critical-response-to-covid-19/