September 17, 2018

A Noisy Expansion

Tech Leads the Way

A Noisy Expansion

Issue 24 – Second Quarter 2018

When Amazon announced that it was searching for a second headquarters, 238 communities across the continent scrambled to put together expansive applications. As of this writing, 20 finalists remain in the race, with a number offering billions of dollars in subsidies to a company founded by the world’s wealthiest individual. At stake is a $5 billion facility that will employ 50,000 people, will substantially expand a region’s local tax base, and position a community for leadership in global e-commerce. Among the finalists are predictable cities like Boston and Atlanta and arguably less obvious choices such as Indianapolis and Columbus, OH.

Table of Contents
  • A Noisy Expansion
  • Exhibit 1. Nonresidential Spending, June 2018
  • Joe’s View
  • Exhibit 2. Nonresidential Construction Spending, June 2015 through June 2018
  • Exhibit 3. Construction Employment Growth, 20 Largest U.S. Metropolitan Areas, July 2017 v. July 2018
  • Second Quarter 2018 Performance

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