Magic City Marketplace: Stunted Downtown Growth?
Birmingham’s received a lot of attention for its downtown revival with more apartments and a grocery store slated to open in the next couple of years. But that has some business types warning that growth could be stunted because of the city’s taxes. That’s where we start with 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.
The housing market is cyclical as are so many things in business. After a housing-led recession and recovery, the Birmingham housing market is becoming a sellers market with far more demand than homes to go around. But the adage “location, location, location” still applies. Birmingham Business Journal editor Ty West explains in this week’s Magic City Marketplace.
If you don’t work in the healthcare industry, you might not be familiar with Alabama’s Certificate of Need process. It’s bureaucratic, often with mounds of paperwork and legal fees, but it determines what healthcare facilities get built in the state. And in some cases, which ones are blocked. We hear about the process and some changes in this week’s Magic City Marketplace.
The scandal surrounding Governor Robert Bentley’s alleged affair with a former top advisor has grabbed attention from CNN to the New York Times to the Washington Post. With that national media attention, some Bentley opponents in the legislature have suggested his troubles have hurt the state’s economic development efforts. We explore that in this week’s Magic City Marketplace.
The U.S economy has been growing for almost seven years and analysts are debating when it will inevitably return to recession. One report from the bank BBVA Compass says it probably won’t happen in 2016, but its prediction about Alabama’s economy is less upbeat. We explain in this week’s Magic City Marketplace.
For many workplaces having a fast Internet connection is critical. That’s why a recent announcement that fiber Internet would be coming to the Birmingham area has economic development leaders excited. We talk about it in this week’s Magic City Marketplace.