Harpswell Strategies: Ten Things I Know About the MoCo Economy (and you should too!)

Harpswell Strategies: Ten Things I Know About the MoCo Economy (and you should too!)

Here are some highlights from the Harpswell Strategies post, although you should read the entire post to better understand what they think of the Montgomery County economy. Interesting stuff.

INCOME AND PRODUCTION

MO CO PERSONAL INCOME COMES LESS FROM WAGES AND SALARIES THAN YOU THINK

WAGE AND SALARY INCOME IN MO CO IS INCREASING MORE SLOWLY THAN ELSEWHERE

OVER-RELIANCE ON PROGRESSIVE TAXATION HISTORICALLY HAS BEEN PROBLEMATIC

SECTORS AND INDUSTRIES

GOVERNMENT AND GOVERNMENT ENTERPRISES IS OUR ECONOMIC STABILIZER

MANUFACTURING IS PERFORMING WELL IN MO CO BUT PROBABLY HAS LIMITED UPSIDE

OFFICE-INCLINED INDUSTRIES ARE PERFORMING VERY POORLY

EMPLOYMENT AND UNEMPLOYMENT

JULY EMPLOYMENT NUMBERS LOOKED PROMISING

GROWTH AND DEVELOPMENT

RESIDENTIAL DEVELOPMENT IS USUALLY “NET NEGATIVE” FROM A FISCAL STANDPOINT

AFFORDABLE HOUSING MIGHT BE AN EXAMPLE OF “TOO MUCH OF A GOOD THING”

PLACES AND PLACEMAKING

MONTGOMERY COUNTY NEEDS TO INVEST HEAVILY IN BUILDING “PLACES”

Amy Ginsburg

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