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Title says it all, what important economic news has transpired in each of your respective cities? It can go both ways, either job gains, new offices, new conferences, or vice versa. You can include major real-estate projects and infrastructure projects as well, since they are part of the economic sphere as well.
Currently the biggest new economic driver in Houston is the ground breaking of the TMC3 Life sciences campus. Upon full build out, 6 million square feet of office space and around 30,000 jobs
Seattle’s population rebounded from its brief pandemic dip with a vengeance according to the latest population estimates from the Washington State Office of Financial Management (OFM). The Emerald City set a new OFM high of 762,500 as of April 1, 2022, which is an increase of 20,100 residents (+2.7%) from the previous April. Far outpacing the suburbs, Seattle accounted for two-thirds of King County’s annual population growth — tallied at 30,650 (+1.3%) by OFM.
Seattle’s jump in population puts a damper on narratives about center cities dying and suburbs being all the rage for tenants and homebuyers. Several prominent pundits got it wrong it turns out. The latest figures match the pre-pandemic pattern of Seattle taking the lion’s share of the county’s population growth.
The biggest news in Indianapolis is that the soon to close diamond chain factory will be turned into a soccer stadium and mixed use district. It will be right across the white river from the new Elanco Global HQ, which is just beginning to be built now. The other big news is that the suburban/exurban town of Lebanon in Boone County (which sits in between Indianapolis and Purdue University) is going to be the home of a new research/ high tech manufacturing park, with Eli Lilly as the first tenant building 2 new manufacturing plants.
For Montreal, June picked up a bit but it's still below the activity experienced before the pandemic. But notable ones include
1. A travel platform from Brazil opened up their first office outside of Brazil in Montreal
2. ISSB is ready to go, we are the North American HQ for that
3. NATO is opening up their Climate Change and Security Centre of Excellence office, which will be HQ'd in Montreal.
4. Alstom opening up a sustainability innovation centre in the Greater Montreal Area.
There was a few other smaller announcements of companies opening up sustainability centres in Montreal, which makes us the North American leader in this regard and arguably a global leader in this field.
HQ job/tech growth
1. Lots of new HQ's/regional HQ's. MSFT, Google, Meta, MailChimp, Pandora.....I know I'm forgetting tons
2. Film Production - Atlanta is the 3rd biggest film production city, and closing in on #2. Drives a lot of the economy
3. Hartsfield Jackson - still the worlds busiest airport (which shocks me!)
HQ job/tech growth
1. Lots of new HQ's/regional HQ's. MSFT, Google, Meta, MailChimp, Pandora.....I know I'm forgetting tons
2. Film Production - Atlanta is the 3rd biggest film production city, and closing in on #2. Drives a lot of the economy
3. Hartsfield Jackson - still the worlds busiest airport (which shocks me!)
Seattle keeps growing as an engineering center. Microsoft, Amazon, Google, and Meta are collectively building dozens of buildings and adding tens of thousands of workers. There are signs of a coming slowdown but so far things have gone very well.
I'd also point to Sea-Tac Airport's growing hub role. An international-arrivals choke point has been solved with a new facility that opened in May. It's not clear how much international service will grow, or how long it will take to get past pandemic and staffing issues, but we seem poised to shoot past old international numbers and continue domestic growth as well. This will support the economy in many ways, like visitors and the ability to recruit workers and office users.
For the economic sake of America this thread needs to be bigger.
The biggest economic news in Stillwater is that in June, a high-tech, rare metals company announced it will invest $100 million in Stillwater. USA Rare Earth says its Stillwater plant will convert rare earth oxides into metals and magnets. The products will then be used in advanced electronics for electric vehicles, cell phones and military technology. The plant is anticipated to bring in 100 new jobs and is slated to begin production in 2023. For operations, it has bought out the large vacant plant that once printed Rolling Stone and ESPN.
Far more impressive is that Panasonic has decided it will build its huge new $4 billion battery production plant for electric cars near Kansas City, MO. It is expected to employ up to 4000.
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