Economic Future Bright In Findlay And Across U.S.

2/6/14 8 p.m.
Economic indicators here locally and across the country are looking bright. Reports given at First Federal Bank’s Economic Outlook for 2014 by Findlay-Hancock County Economic Development Director Tony Iriti paint a strong picture for Findlay in the coming year as well as a strong 2013..

Audio:  Tony Iriti

Specifically 87 percent of projects submitted in 2013 were from existing companies. Looking ahead to 2014 Iriti pointed out that after 30 years Tall Timbers has sold its last space and efforts to develop a new industrial park on Findlay’s north side. Education and workforce is also an important priority..

Audio:  Tony Iriti

Iriti also said work will continue on transforming downtown from a vehicle friendly downtown to one that is pedestrian friendly and perhaps switching to reverse angle parking to provide additional traffic and pedestrian safety.

Bob Morgan, Managing Director and Principal of Austin and Associates was another presenter at the Economic Outlook meeting and predicted a doubling in economic growth for the U.S. economy because of pent-up demand and a brighter housing market. The U.S. is poised to be a global competitor as productivity increases domestically while wages rise for the so-called cheap labor countries. Morgan said a narrowing trade deficit is helping the U.S. economy and predicts that if the U.S. becomes a net exporter of oil in the next 5 to 7 years the trade deficit would become a surplus. He predicts about a 3.5 percent growth in the Gross Domestic Product in 2014.

 

About the author  ⁄ Doug Jenkins

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