Montrose Economic Update: September 2017
American economic growth continues heading into the fourth quarter of 2017 but not at the pace hoped for. Key data points related to the current performance of the U.S. economy include the following:
- Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2017, according to the “second” estimate released by the Bureau of Economic Analysis following a 1.2 percent increase in the first quarter;
- Real gross domestic product (GDP) increased in 43 states and the District of Columbia in the first quarter of 2017, according to the U.S. Bureau of Economic Analysis. Real GDP by state growth in the first quarter ranged from 3.9 percent in Texas to -4.0 percent in Nebraska (see chart below).
- In July, the Consumer Price Index for All Urban Consumers increased 0.1 percent seasonally adjusted; rising 1.7 percent over the last 12 months, not seasonally adjusted and the index for all items less food and energy rose 0.1 percent in July- up 1.7 percent over the year;
For the full article and additional economic indicators, click HERE.
Back in February, I saw the SpaceX Falcon Heavy launch from Kennedy Space Center near Cape Canaveral, Florida. I was four miles away from the launchpad, and it was one of the most amazing things I’ve experienced. That’s not pertinent to this story, but I like to brag about it.read more
Water is one of the most vital substances on Earth. It’s a fundamental part of our everyday lives, powering some of our most basic human needs, like hydrating, bathing and cooking. But water is not automatically usable in all forms—throughout history we have made adaptations, such as treating water to rid it of contaminants for our consumption or harnessing its power for electricity. Water remains one of the most crucial components of our everyday lives, which is why Pipeline H2O in Hamilton, Ohio, is fostering the next generation of water technologies.read more
Real estate deals near Dayton International Airport and at Cargill in Sidney got a big boost Monday.
The Dayton-Montgomery County Port Authority Board of Trustees voted unanimously Monday to boost both business expansions, approving deals that will shield construction projects at both sites from state and local sales taxes.
The trustees approved a capital lease financial structure to exempt from sales taxes a $175 million expansion at the Cargill refining plant in Sidney, a project expected to add 12 jobs to a workforce of 293 people.read more