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BusinessFlare Approach COVID-19 Investment Drivers

Investment Driver: Regulation

Two examples of how regulation directly impacts economic development at a very large multi state level, and also on Main Street. The BusinessFlare Approach views Regulation as the Investment Driver where all communities start on a level playing field with each other, and how they apply it will greatly influence their competitiveness for investment (and competitiveness of their businesses).

State Street in Bristol is divided between Virginia and Tennessee.

At the national level, Elon Musk threatened to move Tesla’s HQ operations from California to Texas due to Alameda County’s restrictions on reopening.

More importantly, at the local level State Street in Bristol is divided between Virginia and Tennessee.Travis Penn, who opened Delta Blues BBQ in Tennessee last September, said his sales initially dropped 70% during the transition.Deel, whose Burger Bar is in Virginia, said he went from $1,500 days to $90 days.

But that’s where the similarities end right now.If Virginia’s first phase begins as anticipated on May 15, restaurants on one side of State Street, like Delta Blues, will have had an 18-day head start on dining service, over restaurants like Burger Bar on the other side of the street. Read more…

https://www.cnn.com/2020/05/11/us/bristol-virginia-tennessee-coronavirus/index.html

Categories
COVID-19 Downtowns

Can Momentum Last?

Big city downtowns are booming, but can their momentum outlast the coronavirus?

Downtowns are awesome, and are fueled by innovation, entrepreneurship and capitalism. They are here to stay.

This report from Brookings has a good overview of the recent (20 year) resurgence of downtowns and urban centers, and questions the future of downtowns, which have seen significant growth and excitement in the recent past. Do downtown urban areas maintain their desirability post-COVID in the public’s mind?

Table1

They identify three critical questions: how growing downtowns support growth into more neighborhoods; how other downtowns can lear from peer cities with positive growth, and how to assuage fears during COVID that density is not threatened by future pandemics. Read more…https://www.brookings.edu/research/big-city-downtowns-are-booming-but-can-their-momentum-outlast-the-coronavirus/

Categories
COVID-19

COVID-19 Recovery Hotspots

Cities less densely populated will recover quicker from coronavirus recession ‘because crowded ones deemed risky’. Low population density and educational attainment are the key factors in recovery from the coronavirus recession, according to Moody’s Analytics.


Moody’s analysed the top 100 metro areas in America with San Jose and Durham as well as Washington D.C.; Austin, Texas; Seattle; and Minneapolis coming out on top. Meanwhile Las Vegas, Nevada; Miami, Florida; and Honolulu, Hawaii are thought to struggle to get out of recession.

I’m not so sure about this… But, read more here: https://www.the-sun.com/news/807588/cities-less-densely-populated-recover-best-coronavirus-recession/

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BusinessFlare Approach COVID-19 Investment Drivers

Investment Drivers: Land & Markets

Home Prices Are Likely to Hold Up Just Fine, Despite Coronavirus

More examples of the BusinessFlare Approach, recognizing that land (real estate) and markets (consumers) are key drivers of investment and economic growth. Interesting article from Barron’s, with very credible and knowledgeable sources including Mark Zandi from Moody’s.

Worth a read…

https://www.barrons.com/articles/home-prices-are-likely-to-hold-up-just-fine-despite-coronavirus-51588970507?mod=hp_HERO

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BusinessFlare Approach COVID-19 Investment Drivers

Investment Driver: Markets

The Economic Recovery Rests on Getting Consumers to Spend. It Won’t Be Easy.

An example of the BusinessFlare Approach, which recognizes that Markets are a key driver of investment for economic growth and redevelopment. Consumer demand is a key element driving business investment decisions related to expansion, contraction, reinvestment. Consumer demand drives especially influences the Land and Labor Drivers. Regulatory incentives won’t mean anything if the customers just aren’t coming back. Read more…

https://www.barrons.com/articles/the-economy-recovery-rests-on-getting-consumers-to-spend-it-wont-be-easy-51588380326?mod=article_signInButton

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BusinessFlare Approach COVID-19 Investment Drivers

Investment Driver: Land

Even Warren Buffett Wonders If People Will Return to Offices

An example of the BusinessFlare Approach, which recognizes that Land (real estate) is the key driver of investment for economic growth and redevelopment. It is a driver that cities can influence in multiple ways, as a regulator, as a facilitator of development and investment, and as a direct participant in the real estate market as a property owner and through public private partnerships.

What does the use of virtual tools such as Zoom and Microsoft Teams, combined with more acceptance of working from home, mean for office space in both our downtowns and the ‘burbs, and in turn, the overall real estate market and local government revenues.

https://www.wsj.com/articles/even-warren-buffett-wonders-if-people-will-return-to-offices-11588597506?mod=djem10point

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BusinessFlare Approach COVID-19

Investment Driver: Regulation

An example of the BusinessFlare Approach, which recognizes that regulation is the place where cities have the most influence on boosting (or killing) economic growth. Regulation is one of 5 drivers of investment, along with land, labor, capital and the markets. Good for Tampa!

City of Tampa will relax zoning rules to allow restaurants more outdoor seating

https://www.cltampa.com/news-views/local-news/article/21131708/city-of-tampa-will-relax-zoning-rules-to-allow-restaurants-more-outdoor-seating

Categories
COVID-19 Starting Over

Where to Start…

Where to start when you have to start over?

Dixie Gillaspie wrote this piece for Entrepreneur Magazine back in 2015, and its even more relevant today, and consistent with what the BusinessFlare Academy is working toward helping those who find themselves in the unfortunate position of unemployment, but fortunately have a vision of their own.

“You never have to start over with nothing so long as you have yourself.”

That’s my standard response to anyone who asks me why I believe personal development trumps any other business or career investment. It’s why I read, it’s why I write, it’s why I work with mentors and it’s why I mentor others. Because every one of those activities builds my personal inventory. They may not make me money, in fact books and mentors usually cost me money, but they make me more valuable, which, in addition to making me more successful now, also makes starting over easier every time I do it.

Read more: https://www.entrepreneur.com/article/246968

Categories
COVID-19 Starting Over

Starting Over… As An Entrepreneur

This is another article about “survival” entrepreneurs. I still have the print version of this special section from 2009 during the Great Recession when I was economic development director in Miami Beach. Starting a business is better than waiting in an unemployment line (or online), and the normal risk aversion is greatly diminished. This article is what also got me started planning on starting my own firm, which I did when I left city employment 3 years later.

I came across it not long after the COVID-19 pandemic drove us to wreck our own economy, and it is the inspiration to pivot the mission of the Academy to helping the recently unemployed that have entrepreneurial dreams.

https://www.wsj.com/articles/SB10001424052970204475004574127134005990974

Categories
COVID-19 Starting Over

On to Plan B

This, along with one from the Wall Street Journal is one of the articles from the Great Recession that is more relevant today.

On to Plan B: Starting a Business

When her job at Williams-Sonoma ended, Lisa Marie Grillos started a company with her brother, making bags to go on bicycles. She is one of the recession’s many “accidental entrepreneurs.”