1. Announcement of pay cuts sparks concerns of equity and affordability
Technology firms continue to relocate to the Raleigh-Durham metropolitan area, citing high quality of life for their employees and access to a talented, diverse labor pool. However, Google is receiving backlash for reducing the pay in the Triangle market to meet local trends.
2. New Jersey’s economic landscape is changing
New Jersey’s economic landscape is changing. As the pandemic spurred a migration out of densely urban cities into more suburban communities, New Jersey saw Manhattan and Philadelphia residents crossing state lines and moving into suburbs across the region. Already known for its density and high cost of living and doing business, the result was predictable: higher prices in an already expensive market.
3. Floridians feeling sanctions pain at the pumps
Average gas prices in Miami-Dade have soared to $4.23 per gallon, almost doubling since last year, according to AAA, fueled in great part by sanctions levied in response to the Russia-Ukraine war. The rise has only added to the inflation Floridians have been feeling in recent months.
4. Great expectations for Atlanta’s economy moving forward
Georgia is well on its way to a full recovery from the pandemic, with the success of its largest city, Atlanta, leading the way. The fast rebound is spurring high expectations for the region’s future.
5. Regional airport sets sights on ‘record year’
Melbourne Orlando International Airport (MLB) is attracting further investment, new airlines, and opening new routes including service to several European cities through TUI Airlines, setting up the regional airport for a potentially “record year.”
