The Innovation Economy: New Opportunities and Risks in the Evolving Business Cycle Dr. Bill Conerly for Regional Economic Forecast & Innovation Expo December 11, 2014
The Global/National Economy The Five Counties Economics of Innovation
U.S. Economy: Major Sectors, Sector Outlook Consumer spendingSpending grows w/ income Housing constructionStronger in Non-res constructionLight growth Bus. Capital SpendingStrong ExportsModerate growth Federal Gov’tCuts in goods, services (but entitlements grow) State & Local Gov’tSlow growth
Commercial Bank Assets $ billions Cash4821,632 Investments1,5912,722 Loans6,5377,120
Inflation Recession
The Global/National Economy The Five Counties Economics of Innovation
Rural & Urban Issues Fewer location-specific jobs Farming, forestry, fishing, mining Most folks like cities Much work can be done anywhere
The Global/National Economy The Five Counties Economics of Innovation
Offshoring Labor cheaper, but rising Cost of quality higher Regulation more lenient Overseas markets growing
Onshoring or Reshoring Labor cheaper, but rising Cost of quality higher Regulation more lenient Overseas markets growing
Onshoring or Reshoring Labor cheaper, but rising Cost of quality higher Regulation more lenient Overseas markets growing More flexible: Quantity & specs Quality cheaper to attain Great for low labor content
Innovation: Customization
Customization: Manufacturing
Customization: Information
Customization: Medicine
The Nutshell Most likely Stronger growth in Higher interest rates Stable inflation Rural communities level Urban areas expanding Opportunities through innovation Customization
Questions? ConerlyConsulting.com one “n”