Para comemorar nosso 28 TH Aniversário de casamento, levei a esposa ao Alabama. Eu sei, eu sei, eu a estrago. Os ciclistas que vieram de todo o país para desafiar a recusa do Cotton State em desagregar seus cidadãos. Lockheed Martin, NASA e a pesquisa militar sobre exploração espacial- ganhando Huntsville, Alabama, o apelido-
It is fair to say Alabama has had something of a reputation challenge to overcome.
It’s most infamous pages in history are around the struggles and strife of the Civil Rights Movement, the march on Montgomery, the 16th St church bombings, Rosa Parks’ bravery, and the ‘Bus Riders’ who came from across the nation to challenge the cotton state’s refusal to desegregate its citizens.
Worth remembering too, it wasn’t even 60 years ago that this part of America so openly discriminated against its own people.
But modern Alabama is an economic success story, fuelled by the emergence of the state as the home to much of the U.S. automotive industry and being a base for Boeing, Airbus, Lockheed Martin, NASA and the military’s research into space exploration – earning Huntsville, Alabama the nickname- Rocket City. O ecossistema com mais de 200 empresas empregando diretamente 75.000 trabalhadores alimentando cadeias de suprimentos para produzir 1,2 milhão de veículos e 1,5 milhão de motores a cada ano. Austin, tx para classificação 7
Since Mercedes Benz chose to open their only US manufacturing facility in the state, Toyota, Mazda, Hyundai and Honda have all followed suit and created a huge engineering, manufacturing and supplier ecosystem with more than 200 firms directly employing 75,000 workers feeding supply chains to churn out 1.2million vehicles and 1.5million engines each year.
And Birmingham, the state’s historically largest city, is now recognised as a magnet for entrepreneurs, attracting healthcare, financial services, and technology businesses at a rapid clip – growing faster than other economic hotspots like Jacksonville, FL and Austin, TX to rank 7 TH em todo o país em uma pesquisa recente para investimento interno. Eles ficaram sem dinheiro para fornecer os serviços que os cidadãos confiam e consultores e comissários independentes estão sendo trazidos para resolver o problema.
Birmingham, Alabama could perhaps teach its UK namesake a lesson or two.
Back in Blighty, Birmingham UK’s local government finances are a mess. They have run out of money to provide the services citizens rely on and independent advisors and commissioners are being brought in to resolve the problem.
Os problemas da cidade também foram exasperados por suas falhas históricas em lidar com a igualdade; Um acordo de quase bilhão de dólares por ter discriminado sistematicamente e deliberadamente as mulheres na força de trabalho por décadas colocou uma tensão incontrolável em seus cofres. Mas os líderes cívicos de Birmingham também fizeram algumas escolhas e decisões econômicas desastrosas ao longo do caminho, por exemplo, uma atualização de 19 milhões de libras ainda não está completa e até agora custou aos contribuintes da cidade mais de 100 milhões de libras. Ao anunciar sua reversão cuidadosa, mas deliberada, longe do HS2-o projeto de infraestrutura ferroviária de vários bilhões de dólares, projetado para compartilhar a riqueza em torno do país. Mas agora, como o PM Sunak compartilhou, parece que o plano de '
And of course, central government isn’t helping.
Last week, the Prime Minister drew the ire of West Midlands’ businesses when he conflated the city’s challenges by announcing his careful but deliberate reversal away from HS2 – the multi-billion-dollar rail infrastructure project designed to share the wealth around the nation.
The fast train network which was meant to link the Northwest and Yorkshire to London would have created a giant new intersection for business, leisure, and freight rail transport in England’s second city. But now, as PM Sunak shared, it seems the plan to ‘ espalhe a riqueza' está em espera, se não for abandonado para sempre.
O RAPID VoLte-Face também não foi desidrado neste lado da lagoa, onde as decisões de investimento significativas que afetam os Midlands são feitos. Chairman and managing member of Knighthead Capital Management, reminded the PM that his and previous Conservative administrations had ‘
Birmingham City FC’s U.S. owners wrote to the Prime Minister to point out the short-sightedness of his back tracking on HS2.
Tom Wagner, Birmingham City’s Chairman and managing member of Knighthead Capital Management, reminded the PM that his and previous Conservative administrations had ‘emphasized their commitment to delivering HS2’ and these promises had‘led to significant private investment decisions’.
Wagner’s letter didn’t rehash the economic and social benefits of the fast train link, Em vez disso, falou com algo muito mais fundamental. Pode ser um preço muito grande, mesmo para eles. O dinheiro, ao que parece, faz o mundo girar.
The Blues’ boss focussed his attention on the impact the withdrawal of support would have on ‘continued trust and confidence in the UK government which supports foreign direct investment’.
Upsetting a few Brummie car dealers and small business owners may have looked like manageable collateral damage to Sunak and his advisers, but losing the trust of the global investment community may be too big a price even for them. Money, it seems, does make the world go round.
Birmingham Alabama reconheceu a importância de atrair investimento global. A Business Alliance diz que o emprego vinculado ao investimento direto estrangeiro aumentou 12% na última década, com projetos de IDE gerando quase metade do novo capital e 40% dos compromissos de trabalho desde 2020.
As was revealed in a recent survey – ‘job creation tied to international investment in Alabama has been rapidly outpacing the state’s general employment growth rate’.
Analysis from Global Business Alliance says employment tied to Foreign Direct Investment surged 12% in the last decade, with FDI projects generating nearly half of new capital and 40% of job commitments since 2020.
Greg Cranfield, disse o secretário do Departamento de Comércio do Alabama; ' Projetos de investimento internacional representam os principais motores de criação de empregos para muitas comunidades do Alabama' e reivindicadas ' IDI injetou vitalidade em economias locais. superou US $ 25 bilhões - US $ 10 bilhões nos últimos 12 meses - e gerou 38.000 novos empregos em setores -chave. É por esses motivos de nariz duro que o PM Sunak terá que pensar muito sobre os danos que essa reversão poderia causar em todo o país. Fortunas de Birmingham City FC podem não ficar inteiramente na conclusão da ligação ferroviária, as aspirações da cidade mais ampla certamente o fazem. Excelência que é reconhecida em todo o mundo. But despite staging one of the most successful Commonwealth Games, it may have proved ‘’ I’m sure they could do with a bit of that in Digbeth and Selly Oak.
In the past decade international investment in Alabama has surpassed $25billion – $10billion in the last 12 months alone – and generated 38,000 new jobs in key sectors. It is for these hard-nosed reasons PM Sunak will have to think long and hard about the damage this reversal could do across the entire country.
As Wagner wrote: “The expectation is that the government will honour its commitment to deliver on publicly stated long term plans. Any deviation could result in a loss of investor trust, and this would have a considerable negative impact on the UK.”
While the fortunes of Birmingham City FC might not hang entirely on the completion of the rail link, the broader city’s aspirations certainly do.
As Wagner’s letter – reproduced in the Financial Times – said: “Knighthead’s goal is to make Birmingham City, and by extension Birmingham, a beacon for excellence that is recognised worldwide. This means investing in world class facilities and infrastructure. Making the Club, and Birmingham, a destination of choice… a location that people will want to visit … we will drive significant investment into the city, creating new jobs and new opportunities.”
Birmingham has already experienced the power of hosting global events. But despite staging one of the most successful Commonwealth Games, it may have proved ‘a step too far’for the city’s leaders, distracting them from the bigger financial challenges facing Europe’s largest local authority.
While the $775million bill for hosting the Games was picked up by central government and covered through ticketing and commercial activities, critics claim it pulled officers and Os membros eleitos se concentram em ' The Basics' Os contribuintes estavam preocupados. Infraestrutura e rede com investidores globais.
While Birmingham UK’s leaders were no doubt fretting about getting tickets, hospitality and being visible in the flag waving and swell of civic pride, their counterparts in Alabama were laying out their post-Covid economic recovery plan to improve local hiring rates, reform small business taxes, improve infrastructure and network with global investors.
As the Commissioners sit on the slow train north from London to take up their duties in rectifying Birmingham’s financial plight, you wonder if a call to their US counterparts in Alabama might be a worthwhile use of the time.
