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The Business View – August 2017 / From the Publisher – Bill Sisson
Coastal Alabama is blessed with an abundance of natural and man-made resources. Our geography is stunning from every vantage point. And our location on the central Gulf Coast positions us to serve as the business capital of the region.
Multi-modal infrastructure makes it easy and efficient to move people and products, whether on land, sea or air.
Nevertheless, in the years to come our region and certainly our country will undoubtedly have to deal with crises caused by shortages, deferred maintenance or over-supply of these very resources. This is why “scarcity and abundance” show up as a major issue for chambers of commerce during the next 10 years.
What is abundant today could be in severe shortage tomorrow. Due to technology and the “internet of things,” the speed of market changes and personal preferences now evolve at a mind-blowing rate.
In the short term, a community can do very little about the natural resources it does or does not have. Still, chambers can capitalize on abundance by focusing on their economic development strengths. In fact, this is the keystone of our Chamber’s Partners for Growth (PFG) economic development strategy.
A good example of this is as our region continues to have robust job growth there will be thousands of unfilled jobs in the coming years if the skills gap remains unaddressed.
Our metropolitan area is not alone in this. According to the Center on Education and Workforce at Georgetown University, 20 percent of new jobs in this country over the next 10 years will be in categories that do not exist today.
I contend that because of Mobile’s amazing natural and human resources, we will work together to determine the way forward, away from our scarcities to an abundant future for generations to come.
Click here to read The Business View – August 2017