Birmingham Business Alliance’s Post

: Several trends at play right now in metro Atlanta are shaping the city’s present and future. Among them? Continued growth, both in population and in jobs. Read more of JLL’s research on the subject on the Atlanta Business Chronicle

Great article Andy Medici, Austin Business Journal. Having 4 Gen Z's in our family, I am confident they will help launch a national revival similar to the 50-60s. https://lnkd.in/ghnMCRnD I am also confident this will take root in Central Texas and spread nationally, much built on the leadership of Gen Z. U.S. Census Bureau's 2022 found that Texas "far and away" gained the most Gen Z movers year-over-year. "Texas offers job opportunities and relative affordability," Edward Berchick, Zillow’s told Fox News Media. https://lnkd.in/gPE2MaRX Neil Howe's Fourth Turning is not an exact science but clearly identifies cultural transitions. https://lnkd.in/gF464nKZ Establishing a North Star for Intelligent Infrastructure is what will drive a national deployment and spawn the revival. Great visionary leaders and Doers are behind Intelligent Infrastructure Economic Zones. https://lnkd.in/gWnJD877 INTELLIGENT INFRASTRUCTURE will start regionally, but it will grow into a national buildout similar to past programs. The United States became a dominant world leader by making the critical investments required. Examples include the 1936 Rural Electrification; Tennessee Valley Authority; Manhattan Project; Interstate Highways; Apollo Mission; and Defense Advanced Research Projects Agency (DARPA) - Internet. Autonomy Institute https://lnkd.in/gWTQ4a-b https://lnkd.in/ghnMCRnD

A look at Black-owned businesses in the U.S. BY REBECCA LEPPERT More than one in five Black adults in the United States say owning a business is essential to financial success, according to a September 2023 Pew Research Center survey. While Black-owned companies have grown significantly in the U.S. in recent years, they still make up a small share of overall firms and revenue, according to our analysis of federal data. In 2021, there were 161,031 U.S. firms with majority Black or African American ownership, up from 124,004 in 2017, according to the latest estimates from the Annual Business Survey (ABS) conducted by the U.S. Census Bureau and the National Science Foundation. Black-owned firms’ gross revenue soared by 43% during this timespan, from an estimated $127.9 billion in 2017 to $183.3 billion in 2021. Despite this growth, the majority of Black-owned businesses made up only about 3% of all U.S. firms that were classifiable by the race and ethnicity of their owners in 2021. And they accounted for just 1% of gross revenue from all classifiable companies that year. By comparison, in 2021, roughly 14% of all Americans were Black. https://lnkd.in/e3X7X33J

It’s nice to see Houston garner positive PR. Earlier this week, Houston was ranked as the best U.S. city for international business by the Financial Times-Nikkei Investing in America ranking. This weekend’s edition of Barron’s named Houston as a new economic powerhouse city (along with Dallas, Nashville, and Miami). The article stated the “gravitational center of economic and societal power in America is dramatically shifting, most likely for the long haul.” An interesting question the article raises is whether economic power flowing to the middle of the country would make the U.S. stronger and more diversified, or whether it would further divide the U.S. along economic, political, and geographic lines. https://lnkd.in/g-adBiXT #commercialrealestate #cre #houstonrealestate #houston #demographics #construction #housing

GenZ -- what an anathema. As this is the new workforce, what are your thoughts on the future of hiring GenZ. Read the survey and let me know. #beBetter.

No place like home 🤘 U.S. News & World Report put Austin in the top 10 for 2024-25 Best Places to Live in the country. The rankings looked at the country's top cities based on how well they meet Americans' living expectations, with measures including value, job market, desirability and quality of life. “Deciding where to live is a significant decision many people make based on a number of factors that mean most to them,” Erika Giovanetti, a loans expert and reporter for U.S. News & World Report, said. “The Best Places to Live rankings identifies cities that are most likely to meet the wants and needs of those considering where to call home next.” Read more from the City of Austin: 

#USfirms #Blackownedbusinesses #onepercentofgrossrevenue 'In 2021, there were 161,031 U.S. firms with majority Black or African American ownership, up from 124,004 in 2017, according to the latest estimates from the Annual Business Survey (ABS), conducted by the U.S. Census Bureau and the National Science Foundation. Black-owned firms’ gross revenue soared by 43% during this timespan, from an estimated $127.9 billion in 2017 to $183.3 billion in 2021. Despite this growth, majority Black-owned businesses made up only about 3% of all U.S. firms that were classifiable by the race and ethnicity of their owners in 2021. And they accounted for just 1% of gross revenue from all classifiable companies that year. By comparison, in 2021, roughly 14% of all Americans were Black. What’s the most common sector for Black-owned businesses? By far, health care and social assistance. About 45,000 of the roughly 161,000 U.S. companies with majority Black or African American ownership, or 28% of the total, were part of this sector in 2021. Who are Black business owners? • They’re more likely to be men than women. • They tend to be middle-aged. • A majority have a college degree.'

Baby Boomers have been accumulating wealth for a half-century. So, it makes sense they have more money available for discretionary spending than younger generations. The Boomer marketing specialists at CIRCA 46, A Slingshot Company, offer 10 facts you should know about Boomer versus Millennial market potential. #CIRCA46 #LongevityEconomy #BabyBoomers