Trade War and Chinese Currency Devaluation

Since President Trump took office, trade policy has been an essential component of his overall economic agenda, in addition to tax cuts and regulatory changes. After passing the tax cut legislation in 2017, the administration started implementing major changes to trade policies in 2018 with goals of reducing the U.S. trade deficit and generating jobs in America. For example, the administration re-negotiated the trade agreement with Mexico and Canada (USMCA Agreement) to replace the North American Free Trade Agreement (NAFTA).

Why Economic Diversity Matters

Though the economy has been booming and consumer confidence hast hit an eighteen-year high, the chances of a recession in the next two years is increasing according to Chmura’s economists. As such, economic developers may be asking themselves a tough question: “How well can my region withstand another economic recession?”

RTI Job Posting Alerts: Automate tracking of your local and peer hiring trends

Clients who subscribe to our Real-Time Intelligence (RTI) Jobs Posting Data module will notice the addition of a powerful new automation tool within the JobsEQ platform. We can now get up real-time updates about the hiring landscape in a target region – delivered directly to our email. This new feature is a great benefit to those who devote a lot of effort to tracking growing employers in local and peer regions to look for current and future labor trends.

Economic Impact: How much will Amazon's new second headquarters benefit Virginia?

The entire state of Virginia will benefit from Amazon’s decision to locate part of its second headquarters in Northern Virginia. Combining capital expenditures made by Amazon in 2030 when it reaches full capacity, along with the headquarters’ operations, the total economic impact is estimated to be $14.2 billion in Virginia, supporting 59,308 jobs, according to a new study by Chmura Economics & Analytics commissioned by the Virginia Chamber Foundation that looked into the economic impact of Amazon’s decision.

Amazon’s Impact in Crystal City, Virginia

Amazon announced plans for a new corporate headquarters in September 2017, setting off a frenzy of bids (238 proposals) as well as speculation as to which city would win the competition. On November 13, 2018, it became official, Crystal City, Virginia—just south of downtown Washington D.C. and the location of Ronald Reagan Washington National Airport—would become home to a new headquarters for Amazon, splitting the overall planned expansion with New York City. Chmura Economics & Analytics was honored to perform the economic impact analysis for the Crystal City expansion on behalf of the Virginia Chamber Foundation. This impact analysis included a study of the job, spending, and tax effects projected to result from Amazon’s new headquarters in Northern Virginia.