Economy Update: Americans From Coast-to-Coast Seeing Signs of Recovery

For Immediate Release:

April 27, 2010

Contact:Katie Grant
Stephanie Lundberg
(202) 225 - 3130

ICYMI, wanted to make sure you saw today’s story in USA Today about how throughout America, the economy is creating jobs and showing other positive signs of recovery.  Read the story here and view excerpts below.
 
Some key excerpts:
 
“Silicon Valley is brightening up”
 
“[N]early three out of five Silicon Valley CEOs say they plan to hire this year, up from one out of five last year, according to a recent survey of 153 chief executives by the Silicon Valley Leadership Group. When adjusted for seasonal variations, the region has added non-farm jobs for four months in a row after generally losing jobs the prior 18 months.”
 
“Education and 'green' business power Fort Collins' rebound”
 
“Moody's Economy.com classifies Fort Collins, about 65 miles north of Denver, as one of about 200 metro areas nationwide in economic recovery. Moody's cites the city's skilled workforce, relatively lower business costs and an emphasis on ‘innovation and budding solar energy.’…. Fort Collins increased clean-energy jobs by about 36% from the second quarter of 2006 to the second quarter of 2009, says city CFO Mike Freeman. Those 827 new jobs partly resulted from public-private partnerships created to lure investment in clean-energy start-ups.”
 
“Encouraging signs in NYC”
 
“From the Great White Way to Ellis Island, tourists are flocking to New York City, stoking the city's economic engine and helping it rebound from the nation's deep recession…. The number of visitors to the city is expected to grow about 3% this year, to 46.7 million, according to Kimberly Spell, a spokeswoman for NYC & Co., the city's office of tourism…. Tourism generates about $30 billion a year for New York City, the most popular U.S. destination for international travelers.”
 
“Huntsville, Ala., takes off”
 
“The area has one of the USA's best job-growth rates, according to Moody's Economy.com…. The unemployment rate has fallen to 8.4% after peaking at 8.9% late last year…. The city plans a new 470-acre office park. Extensive renovations are underway on the art museum and the sports arena. Downtown sidewalks are getting a face lift. Defense spending is a major reason that Huntsville, home to the Army's Redstone Arsenal and NASA's Marshall Space Flight Center, is rebounding. The military is moving nearly 5,000 jobs here by September 2011, a shift that'll eventually generate 10,000 jobs.”
 
“Fort Wayne ‘feeling better’”
 
“On May 17, General Motors' Fort Wayne Assembly will start a third shift for the first time in its 24-year history. By May 31, the truck-building plant will employ 3,787, up from 2,487 on Dec. 31. Some of the new workers were laid off at GM facilities in 25 states…. Main Street Venture Fund, an investment group, recently saved 40 jobs when it bought the assets of a company that made electro-mechanical components…”
 
 

Click here to read complete text.


###