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.
OEDA has launched a COVID-19 Resource Center on its website. The Resource Center provides Ohio’s economic development community with resources to help practitioners best serve their business community during the COVID-19 outbreak. OEDA will do all that we can to provide factual information and helpful resources you need as leaders in those efforts.read more
JobsOhio has taken several actions to support Ohio businesses during the COVID-19 crisis. JobsOhio has modified current programs and created temporary programs to provide flexibility and support cash needs of medium and small businesses. These actions support a strategy to address immediate needs while looking toward the near future.read more
Central Ohio located Battelle received the go-ahead from the U.S. Food and Drug Administration to start decontaminating 80,000 used protective masks for healthcare workers treating coronavirus patients. after receiving the go-ahead late Sunday from the U.S. Food and Drug Administration for its newly developed technology. FDA had initially limited the use to 10,000 masks per day, and only in Battelle’s Central Ohio facilities.read more