On Aging Populations, Trucking Capacity Crunches and Talent Magnets
26 Nov, 2014
An aging population, new drugs and therapies, technology innovations, health care-related IT investments — they all continue to fuel the growth of medical hubs and emerging medical hubs. “It’s not news that the health care industry is experiencing great change,” says Tom Bice, vice president and general manager, health care division, The Austin Co. “The escalation of costs, increased patient volume, reduced reimbursements and new regulatory requirements are changing the face of the industry.” Learn the latest in “Health and Medical Sector Thrives.”
The logistics sector is another industry segment that continues to undergo big changes. Companies find it has become more difficult to get a truck when they need one due to capacity crunches. With volumes not showing any signs of slowing down, companies are turning to rail services and intermodal developments more than ever before to move freight. Read “U.S. Rail Intermodal Volumes Surge” to learn how companies are adapting to the squeeze, including revisiting where they locate their distribution facilities.
Corporate headquarters operations are also moving forward with growth plans. Companies are making the most of expanding transportation hubs, enhancements to amenities, as well as adapting to the globalized economy and workforce. Companies relocate primarily to set a new direction or change their corporate culture, notes John Sisson of Global Location Strategies in “Headquarters Expand Their Horizons.” We discover why companies are moving from suburban campus settings to downtown office spaces. (Hint: collaborations and talent have something to do with it.)
“Place Plus Talent Equals Prosperity” says the workforce continues to select places to live based on where they believe they can achieve a balance between life and work; a place where they can capture the American Dream. The owners of Frogdice, a video game development studio in Lexington, Ky., moved their business to an office condo near downtown, and are plugging in and networking with like-minded companies and the economic development community to enlarge their venture.
Frogdice has been a launching pad for its interns, who after gaining tech experience, such as creating a video game, go on to internships and employment at larger tech companies. “It is a good synergy back and forth, which has been cool,” says Michael Hartman, founder of Frogdice. “We have benefitted from the university [University of Kentucky] being here and they have benefited from us being here.”
Best wishes in the holiday season.