National labor expert Dr. Paul Harrington of Drexel University categorized the regional economy as being consistent with reports of national economic trends, as long-term growth has slowed and likely entered a new paradigm. Harrington, the director of Drexel University’s Center of Labor Market and Policy, provided his thoughts on local economic trends and insight into the labor market from national, statewide and regional levels in his remarks yesterday to more than 175 business and government leaders at Hudson Valley Economic Development Corp.’s State of Entrepreneurism event at the State University of New York (SUNY) at New Paltz. In his keynote presentation, Harrington said the slower pace of economic growth is likely a permanent change. “Economic growth has been generally accepted as 3 percent, maybe 4 percent, annually. But, 1.5 percent is the new standard and it likely won’t change.” Read the full report.
Meet the people behind the products. From semi-conductors to Jet engine turbines – from apple pie filling to smoked salmon – from cosmetics to high definition micro displays – Council members make the products that make the world run. Through our podcast we introduce listeners to the people who own, work in, and support these businesses, businesses that together are the Council of Industry. We learn about their products and career paths. We learn about their leadership styles and their passion for their work. We learn about their challenges and their opportunities. In the process we learn more about manufacturing and why it is such a vital sector of our economy- vital to our region’s prosperity, our security and our future.