Cindy Crawford: Magic City Marketplace
Birmingham city leaders are in a battle with Nashville, Austin, Atlanta, and other cities over attracting young professionals. A revived downtown, food trucks, and breweries are considered a part of that. But the real key seems to be jobs. We talk about that in this week’s Magic City Marketplace.
Birmingham is big business and small. But whatever the size of the operation, the marketplace is connected by people who have to grapple with numbers and projections and spin. We try and slice through the psychobabble that can be business news with a weekly discussion of who's up and who's down, why the market reacts a certain way or what a business closing or opening means to you.
Alabama leaders love to tout the state’s automotive industry. What started with the Mercedes plant in Tuscaloosa County in the mid-1990s now includes Honda and Hyundai plants plus numerous suppliers. While the auto industry has increasingly moved to the Deep South, Alabama’s success could be threatened by a place further south. We talk about it in this week’s Magic City Marketplace.
Five years ago this fall, the economic development group Birmingham Business Alliance announced Blueprint Birmingham. With a big marketing push it was hailed as five-year strategic plan that would change a region that so often lags behind. With that time frame over we talk about what the plan did in this week’s Magic City Marketplace.
Surveys show women make the majority of purchasing decisions in any given household. But when it comes to confidence with money, they trail men. We talk about that in this week’s Magic City Marketplace. Birmingham Business Journal editor Cindy Fisher Crawford tells WBHM’s Andrew Yeager about this Vanderbilt University study and what it reveals about a financial confidence gap.
One winner in the recovery since the Great Recession has been credit unions. They’ve seen growth in membership and lending activity. And that’s put them at odds with those who traditionally handle services like this – banks. We hear about it in this week’s Magic City Marketplace. Birmingham Business Journal editor Cindy Fisher Crawford tells WBHM’s Andrew Yeager about what drove that growth for credit unions.
Alabama casino developer Milton McGregor won a legal victory earlier this month which appears to put to rest a five-year court battle over his Macon County casino VictoryLand. A judge said the state had no grounds to seize thousands of electronic bingo machines from VictoryLand. So McGregor is working to reopen the facility. We talk about it in this week’s Magic City Marketplace.