March 2017 Archive

Economic Development in Uncertain Times

John Molinaro, APEG President and CEO

National and global events can have a profound effect on local and regional economic development.  The number one factor companies look for before committing to a major investment is predictability of their operating environment.  Their bankers, owners and investors want to be certain their investment will pay off.

Put another way, companies are always trying to manage their risks.  Economic uncertainties, political changes, regulatory proposals and international trade relations can make a huge difference in how risky a project may be.  Our recent national elections provide a strong example of how this works.

Every presidential election cycle is accompanied by a slowdown of company decisions regarding investments in new plants and equipment.  During the primaries, as the field narrows, companies look at candidates’ positions and track records and try to predict how each would affect their plans…

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