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Counties as Partners in Investment Decisions- NACo’s 2014 County Economic Tracker

Counties as Partners in Investment Decisions- NACo’s 2014 County Economic Tracker

Guest Blog post by Emilia Istrate, PhD, Director of Research and Outreach, National Association of Counties

County economies are the building blocks of regional economies (metropolitan areas and micropolitan areas), states and the nation. County governments ensure the functioning of these fundamental units of the U.S. economy by building and maintaining basic infrastructure assets, keeping communities healthy and safe and providing the social safety net for those in need. Counties invest almost $500 billion annually in the services provided to their residents and local communities.

To better understand the dynamics within each county economy, the National Association of Counties (NACo) released earlier this month the 2014 County Economic Tracker: Progress through Adversity, an analysis of the recovery patterns across the 3,069 county economies in 2014. The conditions of a county economy can constrain and challenge county governments, residents and businesses, while also providing opportunities.

The full analysis can be found at www.naco.org/countyeconomies. To access the companion interactive maps and the individualized county profiles, go to NACo’s County Explorer interactive map at www.naco.org/countyexplorer. The January update of NACo’s interactive tool features the economic data from the County Economic Tracker analysis.

The 2014 County Economic Tracker analyzes annual changes of four economic performance indicators— economic output (GDP), employment, unemployment rates and home prices — between 2013 and 2014 across the 3,069 county economies.  In addition, it explores 2012-2013 wage dynamics, taking into account the effect of local cost-of-living and inflation on average annual wages in county economies.

We saw significant growth in 2014.   The economic output (GDP) in 55 percent of all county economies recovered or did not decline over the last decade. Home prices were in a similar situation. Job growth accelerated and 63 percent of county economies witnessed faster job gains than in 2013. This job growth helped unemployment decline in almost all county economies during the last year. However, there is still work that needs to be done to help the economy recover to pre-recession levels, when it comes to unemployment rates.

The economic recovery is starting to spread.   

Secretary Pritzker Focuses on Strengthening Bilateral Commercial Relationship, Increasing Foreign Direct Investment During Trip to India

Secretary Pritzker Focuses on Strengthening Bilateral Commercial Relationship, Increasing Foreign Direct Investment During Trip to India

Secretary Pritzker today concluded a three-day trip to India, where she was honored to join the U.S. delegation traveling with President Obama. During the trip, she announced the expansion of the U.S.-India Strategic Dialogue to a Strategic and Commercial Dialogue (S&CD), reflecting the two countries’ commitment to strengthening commercial and economic ties. Secretary Pritzker will chair the new commercial components of the Dialogue.

 The elevated S&CD establishes a framework that will strengthen the U.S.-India relationship and create new avenues of cooperation between our governments, our businesses and our peoples. The new commercial element of our most important bilateral dialogue will focus on our shared priorities of growing our economies, creating good jobs, and strengthening our middle class. 

While the S&CD will be used to produce concrete results, the dialogue will also ensure that American and Indian businesses – small, medium and large – are in a position to capitalize on abundant opportunities that exist in both countries. In addition, the United States and India will use the dialogue to promote more trade and investment between both nations and to identify new opportunities for economic and commercial cooperation that will improve the lives of American and Indian citizens. 

To build upon this announcement, Secretary Pritzker led a SelectUSA discussion with Indian CEOs interested in increasing their investments in the United States. The event was hosted by the Federation of Indian Chambers of Commerce and Industry (FICCI), India’s largest and oldest business organization, which was established in 1927. FICCI draws its membership from the public and private sectors, as well as various regional chambers of commerce. During the discussion, Secretary Pritzker emphasized that there is no better time to invest in the United States. She also highlighted the role that organizations such as FICCI and its member companies play in supporting SelectUSA’s efforts to promote more foreign direct investment (FDI) in the United States. SelectUSA is a government-wide program, housed within the Department of Commerce, and will be hosting the SelectUSA Investment Summit on March 23-24, 2015. 

Caroline Atkinson, Deputy National Security Advisor for International Economics, Arun Kumar, Director General of the U.S. and Foreign Commercial Service, and Vinai Thummalapally, Executive Director of SelectUSA also joined Secretary Pritzker at the SelectUSA event. 

DOC Operating Status for January 27, 2015

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This message applies to Tuesday, January 27, 2015.

In accordance with the Office of Personnel Management’s Operating Status, Department of Commerce offices in the Washington, DC area are OPEN under 2 hours DELAYED ARRIVAL and employees have the OPTION FOR UNSCHEDULED LEAVE OR UNSCHEDULED TELEWORK. Employees should plan to arrive for work no more than 2 hours later than they would be expected to arrive.

Non-Emergency Employees who report to the office will be granted excused absence (administrative leave) for up to 2 hours past their expected arrival time. In accordance with their bureau/operating unit’s policies and procedures, subject to any applicable collective bargaining requirements (as consistent with law), non-emergency employees may notify their supervisor of their intent to use:

  1. earned annual leave, compensatory time off, credit hours, or sick leave, as appropriate;
  2. leave without pay;
  3. their alternative work schedule (AWS) day off or rearrange their work hours under flexible work schedules; or
  4. unscheduled telework (if telework-ready).

(Employees who request unscheduled leave will be charged leave for the entire workday.)

Telework-Ready Employees who are regularly scheduled to perform telework or who notify their supervisor of their intention to perform unscheduled telework must be prepared to telework for the entire workday, or take unscheduled leave, or a combination of both, for the entire workday in accordance with their bureau/operating unit’s agency's policies and procedures, subject to any applicable collective bargaining requirements (as consistent with law).

Pre-approved Leave. Employees on pre-approved leave for the entire workday or employees who requested unscheduled leave for the entire workday will be charged leave for the entire day.

Emergency Employees are expected to report to their worksite on time unless otherwise directed by their agencies.

More information and details on Operating Status can be viewed online at http://www.opm.gov/policy-data-oversight/snow-dismissal-procedures/current-status/,

Personnel may also contact the DOC Status Line at 202-482-7400 for recorded updates regarding changes in the Department of Commerce’s operating status.