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Economic Development

Regional Leaders Should Embrace, Not Hide From Globalization

City and regional political and community leaders “have a responsibility” to deal forthrightly with the economy’s increasing globalization, including promoting regional trade and investment strategies, according to a blog post published by Amy Liu of the Brookings Institute.

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Delaware to Authorize Virtual Currency for Corp. Use

Delaware, where more than half of publicly-traded U.S. companies are incorporated, could become the first state to authorize routine use of blockchain technology, the decentralized record-keeping, smart-contract platform behind Internet-traded cryptocurrencies like Bitcoin.

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Shippers and Port Officials Call for Congress to Repair America’s Infrastructure

Goods would move far quicker through America’s seaports – cutting shipping costs in the process and expanding revenues – were the federal government to spend some of the nearly $2 billion a year it collects in shipping fees on long-delayed port maintenance projects like channel dredging.

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Cincinnati Named America’s Most Cost-Friendly City

Cincinnati ranks as the most cost-friendly major city to do business, according to the latest Competitive Alternatives study completed by KPMG, the audit, tax and advisory firm. Cincinnati's favorable leasing costs and low property taxes contributed to its first place ranking among 31 cities, KPMG said.

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Trade Deficit Grows; Exports to China Drop

The trade deficit rose above $47 billion in February, an increase of $1.2 billion over January, as monthly shipments to China dropped, according to data released Tuesday by the U.S. Commerce Department.

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Data Center Growth Tops National Real Estate Projections

Data center construction and expansion projects will be the top contributor to economic growth in the U.S. over the next three years, and funding from abroad will continue to increase. So says a national poll of corporate real estate and relocation advisors.

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San Francisco Commercial Market Loosens Up Slightly

In a city chronically squeezed for space, tenants in San Francisco have shed nearly 2 million square feet of office so far this year – opening up leasing opportunities for smaller companies and suggesting the tech-driven city’s five-year run as America’s tightest office market may be coming to an end.

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