2016 could be a very good year for business expansion and employment in the Birmingham area, except ….
That’s a bottom line from conversations with people who have fingers on the economic pulse of the area: Andreas Rauterkus, Associate Professor in University of Alabama at Birmingham’s Collat School of Business; Devon Laney, President and CEO of Innovation Depot, and Art Carden, Associate Professor of Economics, Brock School of Business at Samford University.
On their lists of 2016 stories-that-matter on the local economy:
You’re going to the doctor more. That’s a good thing.
Healthcare and financial services are dependable pillars of the Birmingham economy, and 2016 should be a good year for those enterprises, Dr. Rauterkus says. Local unemployment is down from recession levels, and that helps healthcare. “People go to the doctor more,” he explains. In financial services, most Birmingham-area businesses have little international exposure which means