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        	<item>
		<title>ADEM Filing Lists Planned Chick-fil-A Site at Millbrook’s 17 Springs</title>
		<link>https://111things.com/biz/adem-filing-lists-planned-chick-fil-a-site-at-millbrooks-17-springs/</link>
					<comments>https://111things.com/biz/adem-filing-lists-planned-chick-fil-a-site-at-millbrooks-17-springs/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Tue, 28 Jul 2026 05:37:12 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Chick-fil-A]]></category>
		<category><![CDATA[Construction & Permits]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[Elmore County]]></category>
		<category><![CDATA[Marketplace at 17 Springs]]></category>
		<category><![CDATA[Millbrook, AL]]></category>
		<guid isPermaLink="false">https://111things.com/?p=930874</guid>

					<description><![CDATA[A July 14 ADEM filing lists a planned Chick-fil-A site at Millbrook’s Marketplace at 17 Springs, but no construction or opening date is confirmed.]]></description>
										<content:encoded><![CDATA[<p>A July 14 construction-stormwater filing with the Alabama Department of Environmental Management places a planned Chick-fil-A project at Marketplace at 17 Springs in Millbrook.</p>
<p>The <a href="https://adem.alabama.gov/counties/elmore" rel="nofollow noopener" target="_blank">ADEM</a> record identifies Chick-fil-A Inc. in Elmore County and places the site at the southeast corner of Marketplace Drive and Marketplace Lane. The related electronic filing lists permit number ALR10C8AJ, identifies the filing as a notice of intent and gives July 14, 2026, as the filing date.</p>
<h2>What the filing confirms</h2>
<p>The record shows that the restaurant site appears in Alabama’s construction-stormwater regulatory system. It connects the planned project to a specific Millbrook location and an official state environmental filing.</p>
<p>It does not, by itself, confirm that the restaurant is open, that construction is complete or that every approval needed for the project has been issued. A construction-stormwater notice of intent should not be treated as a final building permit or final development approval.</p>
<h2>Planned restaurant details</h2>
<p>Recent reporting by Elmore-Autauga News described the planned Millbrook restaurant as approximately 5,600 square feet. The planned features include a drive-thru, indoor dining and covered outdoor seating.</p>
<p>No construction completion date or restaurant opening date has been announced. The next useful milestones for residents and commuters would include visible construction progress, additional building or development permits and an official announcement from Chick-fil-A or the project’s developers.</p>
<h2>Part of Marketplace at 17 Springs</h2>
<p>The Chick-fil-A site is part of the larger Marketplace at 17 Springs development, which the project’s website describes as under construction near Alabama Highway 14 and Interstate 65. The commercial district is being developed alongside the broader 17 Springs sports and recreation complex.</p>
<p>The ADEM filing applies to the construction-stormwater record associated with the Chick-fil-A location. It does not establish that other restaurants, pad-ready lots or separate components of Marketplace at 17 Springs have received final approval.</p>
<p>For now, the clearest update is regulatory rather than operational: Chick-fil-A is listed for the Millbrook site, the filing is dated July 14, 2026, and the project remains planned without a confirmed opening schedule.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://app.adem.alabama.gov/eFile/Results.aspx?MasterID=63485" rel="nofollow noopener" target="_blank">Alabama Department of Environmental Management eFile record</a></li>
<li><a href="https://adem.alabama.gov/counties/elmore" rel="nofollow noopener" target="_blank">ADEM Elmore County permit listings</a></li>
<li><a href="https://elmoreautauganews.com/2026/07/14/chick-fil-a-selects-marketplace-at-17-springs-for-new-millbrook-restaurant/" rel="nofollow noopener" target="_blank">Elmore-Autauga News restaurant announcement</a></li>
<li><a href="https://17springs.org/marketplace/" rel="nofollow noopener" target="_blank">Marketplace at 17 Springs project page</a></li>
</ul>
]]></content:encoded>
					
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		<title>Las Vegas seeks developer for approximately 11-acre downtown site</title>
		<link>https://111things.com/biz/las-vegas-seeks-developer-for-approximately-11-acre-downtown-site/</link>
					<comments>https://111things.com/biz/las-vegas-seeks-developer-for-approximately-11-acre-downtown-site/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Mon, 27 Jul 2026 04:40:21 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Downtown Las Vegas]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Las Vegas, NV]]></category>
		<category><![CDATA[local government]]></category>
		<category><![CDATA[Mixed-use development]]></category>
		<category><![CDATA[zoning and development]]></category>
		<guid isPermaLink="false">https://111things.com/?p=930271</guid>

					<description><![CDATA[Las Vegas NV - The city is seeking proposals for an approximately 11-acre downtown site where housing, retail and possible civic uses are under consideration.]]></description>
										<content:encoded><![CDATA[<p>The City of Las Vegas is seeking development proposals for an approximately 11-acre downtown land assemblage near Las Vegas Boulevard and Stewart Avenue.</p>
<p>The city issued its request for proposals on July 20, 2026. Responses are due by 5 p.m. on December 16, 2026, beginning a competitive process that could eventually lead to a mixed-use development downtown.</p>
<h2>Housing is a central part of the request</h2>
<p>City documents say the site could support a combination of residential, hospitality, entertainment, retail, office, sports, green-space, civic and public-safety uses. The one-page project summary specifically calls for significant residential density.</p>
<p>That emphasis makes housing one of the clearest priorities in the solicitation, although the request does not specify a final number of homes or guarantee that a residential project will be built. The eventual mix would depend on the proposals received, city review and later negotiations.</p>
<h2>Possible civic and public-safety space</h2>
<p>The city summary also identifies a potential civic and public-safety component of approximately 2.03 acres. The documents do not establish a specific building, facility or operating plan for that area.</p>
<p>Instead, the acreage is part of the uses the city wants development teams to consider. Any future civic or public-safety facility would require additional decisions, agreements, funding and approvals.</p>
<h2>No project has been approved</h2>
<p>The request for proposals is not an approval for construction. It is a solicitation for ideas and potential development partners.</p>
<p>Before land could be transferred, the city would need to select a developer and negotiate a disposition and development agreement. A future proposal would also face permitting, financing and other required approvals.</p>
<p>The solicitation documents provide background on the site&#8217;s downtown setting and traffic considerations, but they do not commit the city to a completed infrastructure plan, opening date or final neighborhood design.</p>
<h2>What residents should watch next</h2>
<p>The next major milestone is the December 16 proposal deadline. After that, the city will review submissions and determine whether to move forward with a preferred development team.</p>
<p>For residents, relocators and downtown businesses, the process could shape future housing supply, retail activity, employment space, public services and neighborhood traffic. Those effects remain potential outcomes rather than confirmed commitments.</p>
<p>For now, the city is asking developers to compete over what the downtown site could become. The final land use, building program and construction schedule remain undecided.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://www.lasvegasnevada.gov/News/Blog/Detail/downtown-assemblage-request-for-proposals" rel="nofollow noopener" target="_blank">City of Las Vegas RFP notice</a></li>
<li><a href="https://files.lasvegasnevada.gov/eud/Downtown_Assemblage/DowntownAssemblageRFP-OneSheet.pdf" rel="nofollow noopener" target="_blank">Downtown Assemblage RFP one-page summary</a></li>
<li><a href="https://nevbex.com/2026/07/25/downtown-core-assemblage-rfp-las-vegas-development/" rel="nofollow noopener" target="_blank">NVBEX Downtown Core Assemblage report</a></li>
</ul>
]]></content:encoded>
					
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		<post-id xmlns="com-wordpress:feed-additions:1">930271</post-id>	</item>
		<item>
		<title>U.S. Tariffs on 60 Economies Take Effect, With Uneven Price Effects</title>
		<link>https://111things.com/biz/u-s-tariffs-on-60-economies-take-effect-with-uneven-price-effects/</link>
					<comments>https://111things.com/biz/u-s-tariffs-on-60-economies-take-effect-with-uneven-price-effects/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Mon, 27 Jul 2026 03:09:14 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[consumer costs]]></category>
		<category><![CDATA[Forced Labor]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[Tariffs]]></category>
		<category><![CDATA[Trade policy]]></category>
		<category><![CDATA[United States]]></category>
		<guid isPermaLink="false">https://111things.com/?p=930252</guid>

					<description><![CDATA[New U.S. tariffs on goods from 60 economies took effect July 24, but exemptions, shipment timing and court challenges could make the price impact uneven.]]></description>
										<content:encoded><![CDATA[<p>New U.S. tariffs on goods from 60 trading partners took effect at 12:01 a.m. Eastern time on July 24, creating a new layer of import costs for businesses while leaving the eventual effect on household prices uncertain.</p>
<p>The White House issued the action on July 23 under Section 301 of the Trade Act of 1974. The U.S. Trade Representative estimates that the affected economies represent approximately 99.4% of U.S. imports. The duties generally are 10% or 12.5%, although the final treatment depends on the trading partner, the product and existing tariff rules.</p>
<h2>What changed</h2>
<p>The new duties replaced an expiring temporary 10% global tariff for covered imports. <a href="https://ustr.gov/about/policy-offices/press-office/fact-sheets/2026/july/fact-sheet-ustr-section-301-action-response-failure-60-economies-ban-imports-produced-forced-labor" rel="nofollow noopener" target="_blank">USTR</a> says economies that have adopted, or committed to adopt, forced-labor import restrictions generally receive the 10% rate. Other covered economies generally face a 12.5% rate.</p>
<p>The White House says the policy responds to what the administration describes as failures by the 60 economies to prohibit or effectively enforce bans on imports made with forced labor. Several affected governments have disputed the justification or questioned the legal basis for the tariffs.</p>
<h2>Why the consumer effect will vary</h2>
<p>The action does not mean every imported product from every covered economy automatically receives a new duty. The White House and USTR list exemptions for certain raw materials, products whose tariffs could cause economy-wide disruptions, goods that cannot be supplied in sufficient quantities from U.S. or alternative sources, and products for which the tariffs are unlikely to advance the administration’s stated goal.</p>
<p>Other exclusions include informational materials, donations, accompanied baggage and articles already subject to Section 232 tariffs. USTR also identifies exemptions involving certain energy products, food items, aircraft and parts, and critical minerals. The detailed Federal Register schedule controls product-level treatment.</p>
<p>For shoppers, a tariff is applied at the import stage, not automatically added as an identical increase at the cash register. Retail prices may change unevenly depending on inventory already in the country, supplier contracts, customs classifications, exchange rates, retailer margins and whether companies absorb some of the added cost.</p>
<p>Importers and small businesses may need to review suppliers, product classifications, shipment timing and pricing decisions. Businesses bringing in goods that qualify for an exemption may see a different result from those importing covered products at the full rate.</p>
<h2>Important timing and legal questions</h2>
<p>Qualifying goods that were already in transit received temporary protection only until 12:01 a.m. Eastern time on July 28, 2026. That cutoff is not a general grace period for shipments arranged after the tariffs began.</p>
<p>The administration also directed USTR to develop future tariff-rate quotas for certain textile and apparel goods from Bangladesh, Cambodia, Indonesia and Malaysia. Those quotas are a separate implementation step and are not the same as the tariffs that took effect July 24.</p>
<p>Small businesses have filed challenges in the U.S. Court of International Trade. The lawsuits argue that the administration did not adequately connect the tariffs to the conduct identified in the Section 301 investigations. The cases do not currently invalidate the duties, but future court rulings, customs guidance, product exclusions or trading-partner responses could change how the policy operates.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://ustr.gov/about/policy-offices/press-office/fact-sheets/2026/july/fact-sheet-ustr-section-301-action-response-failure-60-economies-ban-imports-produced-forced-labor" rel="nofollow noopener" target="_blank">U.S. Trade Representative fact sheet</a></li>
<li><a href="https://www.whitehouse.gov/presidential-actions/2026/07/actions-by-the-united-states-in-the-investigations-under-section-301-of-the-trade-act-of-1974-of-the-acts-policies-and-practices-of-60-economies-related-to-the-failure-of-each-economy-to-impose-and/" rel="nofollow noopener" target="_blank">White House Section 301 memorandum</a></li>
<li><a href="https://apnews.com/article/fd55d81461c38892a03c322bfcc46e95" rel="nofollow noopener" target="_blank">Associated Press tariff lawsuit report</a></li>
</ul>
]]></content:encoded>
					
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		<post-id xmlns="com-wordpress:feed-additions:1">930252</post-id>	</item>
		<item>
		<title>Timken Belts closure puts 283 Springfield jobs on a near-term timeline</title>
		<link>https://111things.com/biz/timken-belts-closure-puts-283-springfield-jobs-on-a-near-term-timeline/</link>
					<comments>https://111things.com/biz/timken-belts-closure-puts-283-springfield-jobs-on-a-near-term-timeline/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Sun, 26 Jul 2026 21:59:43 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[manufacturing jobs]]></category>
		<category><![CDATA[Plant Closures]]></category>
		<category><![CDATA[Springfield, MO]]></category>
		<category><![CDATA[Timken Belts]]></category>
		<category><![CDATA[Workforce development]]></category>
		<guid isPermaLink="false">https://111things.com/?p=930154</guid>

					<description><![CDATA[Timken’s planned Springfield closure affects 283 workers, but separations are scheduled in waves from July through December. The Job Center offers free help.]]></description>
										<content:encoded><![CDATA[<p>Timken Belts’ announced closure of its Springfield plant is approaching a key date, but July 31 does not mean all 283 affected workers will lose their <a href="https://jobs.mo.gov/warn/2026?company=&amp;#038;order=field_industry&amp;#038;sort=asc&amp;#038;type=All" rel="nofollow noopener" target="_blank">jobs</a> that day.</p>
<p>Missouri’s 2026 WARN database lists Timken Belts under Manufacturing with a Closing designation, 283 affected workers and a July 31, 2026, layoff date. The state listing identifies Springfield in Greene County as the affected location.</p>
<h2>Why the dates appear different</h2>
<p>In a May 1 notice to Missouri workforce officials, Timken described a full plant closure and permanent layoff at <strong>2601 W. Battlefield Road</strong> in Springfield. The notice says employees are expected to be separated beginning in August 2026, with all separations completed by December 2026.</p>
<p>The filing also includes a detailed schedule for individual positions. Some separation windows run from <strong>July 17 through July 31</strong>, followed by additional groups scheduled in August, September, October and later October windows. In practical terms, the state database provides a summary closure date, while Timken’s filing shows that employment reductions are planned in waves.</p>
<p>The documents describe an announced and planned closure; they do not establish that the facility has already shut down.</p>
<h2>How the Gates transaction fits</h2>
<p>Timken announced May 1 that it had entered into an agreement to sell the assets of its belts business to Gates Industrial Corporation. Timken said the transaction was expected to close in the third quarter of 2026, subject to customary closing conditions.</p>
<p>The announcement does not say that Gates will operate the Springfield facility or retain Springfield jobs. Those outcomes are not established by the cited documents.</p>
<p><a href="https://www.ky3.com/2026/05/01/timken-plant-springfield-shutting-down/">KY3’s local report</a> added that the United Steelworkers union said the Springfield plant was not included in the sale. The official WARN records, however, are the basis for the worker count and separation schedule in this article.</p>
<h2>Where affected workers can seek help</h2>
<p>The <a href="https://jobs.mo.gov/job-centers/springfield-job-center">Springfield Job Center</a> offers free services for people looking for work or preparing for a career change. Available help includes job-search assistance, career counseling, resume and interview support, workshops, unemployment-filing assistance, labor-market information, WIOA-funded training, apprenticeships and on-the-job training.</p>
<p>The center is at <strong>1661 N. Boonville Ave., Springfield, MO 65803</strong>. Its phone number is <strong>417-887-4343</strong>. Listed hours are 8 a.m. to 5 p.m. Monday through Thursday and 8:30 a.m. to 4 p.m. Friday.</p>
<p>The cited sources do not identify a separate Timken-specific relocation, retraining or severance program. Workers can use the Job Center’s general workforce services as the closure schedule moves forward.</p>
<p>The next developments to watch are the July 31 WARN date, the remaining separation windows, the progress of the Gates transaction and any additional workforce-support announcements.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://jobs.mo.gov/warn/2026?company=&amp;order=field_industry&amp;sort=asc&amp;type=All" rel="nofollow noopener" target="_blank">Missouri WARN Notices — Timken Belts listing</a></li>
<li><a href="https://content.govdelivery.com/attachments/MODHEWD/2026/05/04/file_attachments/3638960/Timken%20-%20Springfield.pdf" rel="nofollow noopener" target="_blank">Timken Belts WARN notice — May 1, 2026</a></li>
<li><a href="https://news.timken.com/2026-05-01-Timken-to-Sell-Belts-Business-to-Gates" rel="nofollow noopener" target="_blank">The Timken Company — Sale of Belts business to Gates</a></li>
</ul>
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		<title>Wauchula Opens Bidding for $325,000 Airport Rotating Beacon and Tower</title>
		<link>https://111things.com/biz/wauchula-opens-bidding-for-325000-airport-rotating-beacon-and-tower/</link>
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		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Sun, 26 Jul 2026 18:18:47 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Airport Infrastructure]]></category>
		<category><![CDATA[City Government]]></category>
		<category><![CDATA[Public Projects]]></category>
		<category><![CDATA[Wauchula Municipal Airport]]></category>
		<category><![CDATA[Wauchula, FL]]></category>
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					<description><![CDATA[Wauchula is seeking bids for a new airport rotating beacon and tower, but the project remains in bidding and permitting with no contractor award confirmed.]]></description>
										<content:encoded><![CDATA[<p>Wauchula has opened competitive bidding for a new rotating beacon and tower at Wauchula Municipal Airport, with sealed bids due by 2 p.m. local time on August 11, 2026.</p>
<p>The city posted the invitation to bid on July 17, 2026. City project documents list the project cost at $325,000, but no contractor award or notice to proceed has been confirmed in the reviewed materials.</p>
<h2>What the city is seeking</h2>
<p>The project calls for a new <a href="https://www.faa.gov/Air_traffic/publications/atpubs/aim_html/chap2_section_2.html" rel="nofollow noopener" target="_blank">FAA</a>-certified rotating beacon and tower at the municipal airport. The work also includes a beacon head, obstruction lighting, electrical improvements, civil improvements, testing, training, project documentation and warranties.</p>
<p>The invitation to bid, identified as ITB 26-05, sets out the submission requirements and procurement conditions for contractors. The sealed-bid process allows the city to receive and evaluate bids before deciding whether to award a construction contract.</p>
<h2>Project has been in development</h2>
<p>Wauchula’s current-projects information says the City Commission approved a grant agreement for the project in March 2025. The same city information reported that design was 60% complete as of March 2026.</p>
<p>Those milestones show that planning and design work preceded the bid advertisement, but they do not mean construction has been authorized to begin. The city’s listed cost is also not necessarily the final contract price or the total completed project cost.</p>
<h2>What the beacon does</h2>
<p>Federal Aviation Administration guidance describes airport rotating beacons as visual aids that help pilots identify an airport. The beacon is part of an airport lighting system used to help distinguish the facility from surrounding areas.</p>
<p>That general function does not establish a specific operational or safety improvement for Wauchula Municipal Airport beyond the role described in FAA guidance.</p>
<h2>Permits and next steps</h2>
<p>Before the city can issue a notice to proceed, the project will require permits from the FAA and the Southwest Florida Water Management District, according to the city’s bid materials.</p>
<p>After the August 11 deadline, bids must be reviewed under the city’s procurement process. A contractor award, final contract amount and construction schedule would need to be established before residents can know when work will begin.</p>
<p>For now, the confirmed development is that Wauchula is soliciting bids. The airport beacon and tower project remains in the procurement and permitting stages, rather than confirmed construction.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://www.cityofwauchula.gov/m/newsflash/Home/Detail/28" rel="nofollow noopener" target="_blank">City of Wauchula airport bid notice</a></li>
<li><a href="https://www.faa.gov/Air_traffic/publications/atpubs/aim_html/chap2_section_2.html" rel="nofollow noopener" target="_blank">FAA Aeronautical Information Manual</a></li>
</ul>
]]></content:encoded>
					
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		<title>U.S. Sets August 19 Start for 50% Tariffs on Some Canadian Goods</title>
		<link>https://111things.com/biz/u-s-sets-august-19-start-for-50-tariffs-on-some-canadian-goods/</link>
					<comments>https://111things.com/biz/u-s-sets-august-19-start-for-50-tariffs-on-some-canadian-goods/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Sun, 26 Jul 2026 02:59:24 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[consumer costs]]></category>
		<category><![CDATA[household budgets]]></category>
		<category><![CDATA[Tariffs]]></category>
		<category><![CDATA[Trade policy]]></category>
		<category><![CDATA[United States]]></category>
		<guid isPermaLink="false">https://111things.com/?p=929882</guid>

					<description><![CDATA[New duties on selected Canadian goods are scheduled to begin August 19, with U.S. shoppers and businesses watching costs, exemptions and trade talks.]]></description>
										<content:encoded><![CDATA[<p>Three presidential proclamations signed July 20 will impose additional 50% duties on selected Canadian imports beginning at 12:01 a.m. Eastern time on August 19, 2026. The measures are not yet in effect, giving U.S. shoppers, importers and businesses nearly four weeks to see whether negotiations change the plan.</p>
<p>The duties cover specified products in three areas: motor vehicles, alcoholic beverages and dairy-related goods. The <a href="https://www.whitehouse.gov/fact-sheets/2026/07/fact-sheet-president-donald-j-trump-imposes-additional-tariffs-on-canada/">White House</a> says the action responds to what the administration describes as discriminatory Canadian treatment of U.S. autos, alcohol and dairy products.</p>
<h2>Which Canadian goods may be covered?</h2>
<p>The White House fact sheet identifies product examples ranging from wine and cheese to hockey sticks and cement. The exact exposure depends on the tariff classification and the language in each proclamation, so the 50% rate does not automatically apply to every Canadian product or every item in those broad categories.</p>
<p>The proclamations apply the additional duty to covered goods entered for consumption, or withdrawn from a warehouse for consumption, on or after August 19. Importers and customs brokers will need to track entry dates and classification details rather than relying only on a product&#8217;s country of origin.</p>
<h2>USMCA status is not a blanket exemption</h2>
<p>Eligibility for preferential treatment under the United States-Mexico-Canada Agreement does not automatically exempt a covered product from these additional duties. The final treatment depends on the applicable proclamation, tariff classification, annexes and listed exceptions.</p>
<p>Listed exclusions include energy products, potash, fish and critical minerals. Goods already subject to certain tariffs under Section 232 of the Trade Expansion Act are also excluded under the proclamations, along with additional technical exceptions in the legal text. The <a href="https://www.whitehouse.gov/presidential-actions/2026/07/imposing-additional-duties-to-offset-canadian-discrimination-against-the-commerce-of-the-united-states-with-respect-to-dairy/">dairy proclamation</a>, <a href="https://www.whitehouse.gov/presidential-actions/2026/07/imposing-additional-duties-to-offset-canadian-discrimination-against-the-commerce-of-the-united-states-with-respect-to-alcoholic-beverages/">alcohol proclamation</a> and <a href="https://www.whitehouse.gov/presidential-actions/2026/07/imposing-additional-duties-to-offset-canadian-discrimination-against-the-commerce-of-the-united-states-with-respect-to-motor-vehicles/">motor-vehicle proclamation</a> provide the controlling legal details for each category.</p>
<h2>What could consumers and businesses notice?</h2>
<p>U.S. importers are responsible for paying import duties. Companies may absorb those costs, renegotiate with suppliers, change sourcing plans or pass some costs along through wholesale and retail prices. The available documents do not establish how quickly or how fully the new duties would reach grocery bills, alcohol prices, vehicle costs, restaurant expenses or construction materials.</p>
<p>Potentially affected businesses include auto distributors and parts networks, alcohol importers and hospitality companies, dairy suppliers, food retailers and companies using Canadian materials. Canadian goods already in the United States may be treated differently from future shipments depending on when they entered the country and how customs rules apply.</p>
<h2>What to watch before August 19</h2>
<p>Canadian Prime Minister Mark Carney said after the announcements that he and President Donald Trump had agreed to intensify trade negotiations. The <a href="https://apnews.com/article/canada-us-tariffs-trade-negotiations-644d72e6d4a51233d99b3d515b389639">Associated Press reported</a> that the talks are expected to move forward during the period before the duties are scheduled to begin.</p>
<p>The next key questions are whether the two governments reach an agreement, modify the proclamations or leave them unchanged. Until then, the practical impact will vary by product classification, importer, supply chain and customs treatment. For households, the clearest near-term development is the deadline: the additional 50% duties are scheduled to start August 19, not July 20.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://www.whitehouse.gov/fact-sheets/2026/07/fact-sheet-president-donald-j-trump-imposes-additional-tariffs-on-canada/" rel="nofollow noopener" target="_blank">White House fact sheet on additional tariffs on Canada</a></li>
<li><a href="https://apnews.com/article/canada-us-tariffs-trade-negotiations-644d72e6d4a51233d99b3d515b389639" rel="nofollow noopener" target="_blank">Associated Press report on U.S.-Canada tariff negotiations</a></li>
</ul>
]]></content:encoded>
					
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		<title>SBA seeks proposals for $9M SCALE supply-chain grants: Aug. 7 deadline</title>
		<link>https://111things.com/biz/sba-seeks-proposals-for-9m-scale-supply-chain-grants-aug-7-deadline/</link>
					<comments>https://111things.com/biz/sba-seeks-proposals-for-9m-scale-supply-chain-grants-aug-7-deadline/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Fri, 24 Jul 2026 20:02:50 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Manufacturing]]></category>
		<category><![CDATA[SBA Grants]]></category>
		<category><![CDATA[Small business assistance]]></category>
		<category><![CDATA[Supply chain acceleration]]></category>
		<category><![CDATA[Transportation and logistics]]></category>
		<category><![CDATA[United States]]></category>
		<guid isPermaLink="false">https://111things.com/?p=929391</guid>

					<description><![CDATA[SBA is seeking proposals for $9 million in SCALE supply-chain grants, including about 20 awards up to $500,000. Deadline: Aug. 7, 4 p.m. ET.]]></description>
										<content:encoded><![CDATA[<p>The U.S. Small Business Administration has opened a new funding competition under the Supply Chain Acceleration and Logistics Enablement (SCALE) Program. <a href="https://www.sba.gov/article/2026/07/23/sba-announces-9-million-grant-funding-supply-chain-acceleration-logistics-enablement-scale-program" rel="nofollow noopener" target="_blank">SBA</a> says the $9 million effort will fund about 20 grant awards—each up to $500,000—over a 24-month period of performance, targeting gaps that keep small suppliers from scaling output in strategically important supply chains.</p>
<p>But the grant money is for organizations that can deliver accelerator programming and technical assistance—not for most small businesses to apply for directly.</p>
<h2>What changed: SBA is now accepting proposals for SCALE grants</h2>
<p>On July 23, 2026, SBA announced it is <strong>seeking proposals</strong> for the SCALE Program. SBA’s stated goal is to help small businesses address supply chain constraints, increase production, and expand participation in supply chains tied to national and economic priorities.</p>
<p>The competition is designed to support the “middle layer” around small firms—helping suppliers become more ready to meet demand through training, matchmaking, readiness assessments, and other commercialization-oriented support.</p>
<h2>Funding basics: $9 million total, up to $500,000 per award</h2>
<p>SBA says the SCALE Program includes a total of <strong>$9,000,000</strong> in FY 2026 funding. SBA expects to make <strong>approximately 20 awards</strong>, with a <strong>maximum amount of up to $500,000</strong> each, over a <strong>24-month</strong> period of performance. The NOFO lists a project starting date of <strong>September 30, 2026</strong>.</p>
<p>This is not first-come, first-served funding for individual companies. The proposal process is for organizations that will run the two-year accelerator-style projects and report outcomes to SBA.</p>
<h2>Which supply chains are prioritized</h2>
<p>Applicants must focus on one of these SCALE industry supply chain priorities:</p>
<ul>
<li>Advanced Manufacturing</li>
<li>Biotechnology and Biomanufacturing Supply Chains</li>
<li>Defense Industrial Base Technologies and Components</li>
<li>Energy, Critical Materials, and Industrial Inputs</li>
<li>Food Supply and Agricultural Systems</li>
<li>Transportation, Logistics, and Industrial Infrastructure</li>
</ul>
<p>The NOFO says eligible activities can support a range of supply chain challenges and are not limited to a specific technology, product, or production process.</p>
<h2>Who can apply—and what winning organizations are expected to do</h2>
<p>SBA says eligible applicants include public or private entities, for-profit organizations, nonprofits, or institutions that intend to use funding to deliver accelerator programming, technical assistance, industry engagement, or related activities supporting small businesses operating in the selected priority supply chain areas.</p>
<p>In the NOFO, SBA describes small-business support programming as something the applicant should propose and staff to deliver. Activities <em>may include</em>:</p>
<ul>
<li>Accelerator programming</li>
<li>Customer and supplier matchmaking</li>
<li>Industry engagement activities</li>
<li>Manufacturing modernization support</li>
<li>Market access assistance</li>
<li>Supplier readiness assessments</li>
<li>Technical and workforce assistance</li>
<li>Technology deployment support</li>
</ul>
<p>The NOFO also restricts how the project can be run. Applicants may not serve as a pass-through or fiscal agent channeling award funds to other parties. Organizations can contract with third parties to provide services to support project goals, but the NOFO says applicants are not allowed to contract more than <strong>49%</strong> of the work to other parties over the course of the project period.</p>
<h2>Deadline and how to apply: Aug. 7, 2026 (4:00 p.m. ET)</h2>
<p>SBA says proposals must be submitted electronically through Grants.gov. The NOFO lists a <strong>closing date of August 7, 2026, at 4:00 p.m. Eastern Time</strong>. Proposals submitted after the deadline will be rejected without being evaluated.</p>
<h2>What small businesses should do next</h2>
<p>Small businesses looking to expand as suppliers should start identifying which accelerator or technical-assistance organizations could fit their industry, since those are the organizations competing to deliver the SCALE program’s two-year support.</p>
<p>After the Aug. 7 deadline, SBA will review and select recipients. Under the NOFO’s structure, the project period runs for <strong>24 months</strong>, beginning <strong>September 30, 2026</strong>.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://www.sba.gov/article/2026/07/23/sba-announces-9-million-grant-funding-supply-chain-acceleration-logistics-enablement-scale-program" rel="nofollow noopener" target="_blank">SBA release (July 23, 2026): SCALE Program $9M grants competition</a></li>
<li><a href="https://files.simpler.grants.gov/opportunities/139b0561-817a-4580-a9f9-d543e0ae1f3a/attachments/ff4c91a2-2928-48b0-bcbb-853c2c7e6f34/SCALE_FY26_NOFO_Cleared_20260714.pdf" rel="nofollow noopener" target="_blank">SCALE FY26 NOFO PDF (SBA-OIIGA-26-001)</a></li>
</ul>
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		<title>U.S.-Jordan reciprocal trade agreement announced July 21: impact on exporters</title>
		<link>https://111things.com/biz/u-s-jordan-reciprocal-trade-agreement-announced-july-21-impact-on-exporters/</link>
					<comments>https://111things.com/biz/u-s-jordan-reciprocal-trade-agreement-announced-july-21-impact-on-exporters/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Wed, 22 Jul 2026 01:19:02 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[International Trade]]></category>
		<category><![CDATA[Tariffs]]></category>
		<category><![CDATA[Trade policy]]></category>
		<category><![CDATA[U.S. exporters]]></category>
		<category><![CDATA[United States]]></category>
		<guid isPermaLink="false">https://111things.com/?p=928631</guid>

					<description><![CDATA[July 21: White House and USTR announce a U.S.-Jordan reciprocal trade deal promising duty-free access and less customs and licensing friction for U.S. exporters.]]></description>
										<content:encoded><![CDATA[<p>WASHINGTON—On July 21, 2026, the White House and the U.S. <a href="https://www.trade.gov/jordan-free-trade-agreement" rel="nofollow noopener" target="_blank">Trade</a> Representative (<a href="https://ustr.gov/about/policy-offices/press-office/press-releases/2026/july/ambassador-greer-signs-us-jordan-agreement-reciprocal-trade" rel="nofollow noopener" target="_blank">USTR</a>) announced and signed a U.S.-Jordan “Agreement on Reciprocal Trade.” The administration says the pact is designed to reduce barriers that U.S. exporters face in Jordan—through continued duty-free access for originating goods and changes aimed at customs procedures, technical rules, and import licensing.</p>
<p>Here’s what was announced and what U.S. businesses should watch next, based on the White House fact sheet, the agreement text, and USTR’s announcement.</p>
<h2>What changed on July 21</h2>
<p>USTR said Ambassador Greer joined Jordan’s Minister of Industry, Trade, and Supply Yarub Qudah in signing the agreement on July 21. The White House fact sheet frames the deal as “reciprocal trade” designed to address tariff and non-tariff barriers, and it says the reciprocal agreement is meant to build on the existing U.S.-Jordan Free Trade Agreement.</p>
<p>The agreement text also makes clear it is intended to supplement the earlier free trade agreement—rather than replace it.</p>
<h2>Baseline: the existing U.S.-Jordan free trade deal</h2>
<p>According to the White House fact sheet, the U.S.-Jordan Free Trade Agreement entered into force on December 17, 2001. The existing Jordan FTA provides the tariff preference framework that the reciprocal agreement references for how customs duty rates apply.</p>
<p>In the reciprocal agreement, the tariff language ties back to that existing arrangement: it states that Jordan will apply a customs duty rate on originating U.S. goods as set out in the U.S.-Jordan FTA, while the United States applies tariff treatment for originating Jordanian goods as set out in the new agreement’s annex.</p>
<h2>Tariff claims in plain English: duty-free access for “almost all” goods</h2>
<p>The White House fact sheet highlights a headline claim for U.S. exporters: Jordan will “continue to provide duty-free market access for almost all U.S. goods exported to Jordan.” For exporters, the practical takeaway is that preferential tariff treatment depends on whether products qualify as “originating goods” under the agreement framework.</p>
<p>The agreement text also includes a quotas provision: it says Jordan will not impose quotas on imports of originating U.S. goods except as the parties otherwise agree.</p>
<h2>Non-tariff barriers: customs, technical rules, and import licensing</h2>
<p>Even when tariffs are low, cross-border costs can rise from paperwork, inspections, and regulatory uncertainty. The reciprocal agreement targets several common “non-tariff” friction points:</p>
<ul>
<li><strong>Import licensing:</strong> Jordan commits that it will not apply import licensing to U.S. originating goods in a manner that restricts the importation of such goods. For non-automatic licensing, it requires rules that are transparent, non-discriminatory, not unduly burdensome, and that do not reduce the competitiveness of U.S. exports.</li>
<li><strong>Technical regulations and conformity assessment:</strong> Jordan must allow U.S. originating goods that meet applicable U.S. or international standards, technical regulations, or conformity assessment procedures to enter without additional conformity assessment requirements. The text also addresses treatment for U.S. conformity assessment bodies and seeks to remove technical barriers involving duplicative or unnecessary testing.</li>
<li><strong>Customs administration and trade facilitation:</strong> the agreement requires Jordan to maintain or implement technology solutions within five years that support full pre-arrival processing, paperless trade, and digitalized procedures for moving U.S. goods across its borders.</li>
</ul>
<h2>Forced-labor and labor rights commitments</h2>
<p>The fact sheet and agreement text also include labor-related commitments that can affect compliance expectations for exporters. The agreement says Jordan will, within five years of entry into force, prohibit the importation of goods mined, produced, or manufactured wholly or in part by forced or compulsory labor. It also includes labor rights commitments and ties implementation to U.S. government determinations under Section 307 of the Tariff Act of 1930.</p>
<h2>What to watch next during implementation</h2>
<p>Because the agreement text states that no term is operative until entry into force, the near-term focus for exporters should be on implementation details rather than day-one effects at the border. The agreement text provides an entry-into-force mechanism: it would enter into force 60 days after the parties notify each other in writing that they have completed their respective internal procedures required for entry into force.</p>
<p>USTR’s announcement also points exporters to follow the tariff schedule and operational materials as they are published. For practical preparation, U.S. exporters should confirm whether their products qualify as “originating goods” and be ready for documentation and compliance steps connected to licensing, technical standards, and customs processing workflows as implementation proceeds.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://www.whitehouse.gov/fact-sheets/2026/07/fact-sheet-president-donald-j-trump-announces-trade-deal-with-jordan/" rel="nofollow noopener" target="_blank">White House fact sheet (U.S.-Jordan reciprocal trade, July 21, 2026)</a></li>
<li><a href="https://ustr.gov/about/policy-offices/press-office/press-releases/2026/july/ambassador-greer-signs-us-jordan-agreement-reciprocal-trade" rel="nofollow noopener" target="_blank">USTR press release (Ambassador Greer signs U.S.-Jordan agreement on reciprocal trade, July 21, 2026)</a></li>
<li><a href="https://www.trade.gov/jordan-free-trade-agreement" rel="nofollow noopener" target="_blank">Trade.gov background on the U.S.-Jordan Free Trade Agreement</a></li>
</ul>
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		<title>Higher Wages Won’t Crash the Economy</title>
		<link>https://111things.com/biz/higher-wages-wont-crash-the-economy/</link>
					<comments>https://111things.com/biz/higher-wages-wont-crash-the-economy/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Tue, 21 Jul 2026 17:21:36 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[United States]]></category>
		<guid isPermaLink="false">https://111things.com/?p=928531</guid>

					<description><![CDATA[The American economy already produces enough value to pay working people substantially more. A more balanced division of corporate income would reduce some profit margins, executive awards and shareholder distributions, but it would not require eliminating profits or capital returns. It would move the economy closer to the arrangement that prevailed before the shareholder-first model became dominant.]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph"><em>America can raise worker pay by trimming outsized profit margins, executive compensation and shareholder extraction—without abolishing profits, investment, 401(k)s or economic growth.</em></p>



<hr class="wp-block-separator has-alpha-channel-opacity is-style-wide"/>



<h2 class="wp-block-heading">TL;DR</h2>



<p class="wp-block-paragraph">American workers can receive substantially higher wages without eliminating profits, destroying 401(k)s, or crashing the economy. From 1979 to 2025, net productivity increased <strong>90.2%</strong>, while typical-worker compensation increased only <strong>33%</strong>. Meanwhile, the estimated large-company CEO-to-worker pay ratio rose from <strong>24.5-to-1 in 1974 to 280.7-to-1 in 2024</strong>.</p>



<p class="wp-block-paragraph">In 2024, U.S. nonfinancial corporations produced approximately <strong>$14.85 trillion in gross value added</strong> and paid employees approximately <strong>$8.45 trillion in total compensation</strong>. Had employee compensation remained at its 1974 share of corporate value added, workers would collectively have received about <strong>$1.26 trillion more</strong>—an increase of nearly <strong>15%</strong> in the employee-compensation pool. Even in a deliberately severe static calculation in which all of that money came directly from after-tax profits, corporations would still have retained about <strong>$845 billion in profits</strong>.</p>



<p class="wp-block-paragraph">That does not mean every employer could absorb an immediate, identical wage increase without making adjustments. Some companies would accept lower margins, reduce executive compensation or shareholder payouts, improve productivity, raise some prices, or need a longer transition. But the numbers contradict the claim that fairer wages necessarily mean economic collapse. A gradual program of stronger collective bargaining, higher wage floors, productivity sharing, executive-pay restraint, and targeted help for genuinely vulnerable small businesses could raise working-class incomes while preserving profitable companies, productive investment, retirement accounts, and returns to capital.</p>



<hr class="wp-block-separator has-alpha-channel-opacity is-style-wide"/>



<p class="wp-block-paragraph">For more than four decades, working Americans have been warned that the economy is a fragile altar. Ask shareholders to accept somewhat lower returns, ask executives to accept fewer millions, or ask corporations to share more productivity gains with employees, and supposedly the whole system will collapse.</p>



<p class="wp-block-paragraph">Businesses will close. Jobs will disappear. Prices will explode. Retirement accounts will be destroyed. Investment will stop.</p>



<p class="wp-block-paragraph">That warning has functioned less like a serious economic forecast than a political veto. It allows virtually any increase in compensation at the top while treating every proposed raise for ordinary workers as an existential threat.</p>



<p class="wp-block-paragraph">The evidence points in a different direction.</p>



<p class="wp-block-paragraph">The American economy already produces enough value to pay working people substantially more. A more balanced division of corporate income would reduce some profit margins, executive awards and shareholder distributions, but it would not require eliminating profits or capital returns. It would move the economy closer to the arrangement that prevailed before the shareholder-first model became dominant.</p>



<h2 class="wp-block-heading">The shareholder-first experiment was a policy choice</h2>



<p class="wp-block-paragraph">The economic turn associated with Ronald Reagan was not hidden. It was publicly advocated and deliberately implemented.</p>



<p class="wp-block-paragraph">The Heritage Foundation’s own history says Reagan gave its original <em>Mandate for Leadership</em> to every Cabinet member and that his administration adopted or attempted nearly two-thirds of its approximately 2,000 recommendations. Heritage described the document as a plan to reverse decades of New Deal-era policy, with lower taxes and reduced regulation among its central priorities.</p>



<p class="wp-block-paragraph">That does not mean Reagan or Heritage single-handedly caused every economic change that followed. Automation, globalization, foreign competition, deindustrialization and technological change all affected American employment.</p>



<p class="wp-block-paragraph">But those forces do not determine by themselves how the resulting income is divided. Public policy determines whether workers can organize, whether employers face meaningful consequences for retaliation, how low the wage floor can fall, how corporations are taxed, and whether executives are rewarded for raising share prices or building a stable workforce.</p>



<p class="wp-block-paragraph">America increasingly chose to treat labor as a cost to be suppressed and capital as a constituency to be rewarded.</p>



<h2 class="wp-block-heading">Workers did not stop producing</h2>



<p class="wp-block-paragraph">Before the great divergence, worker compensation and productivity generally moved together.</p>



<p class="wp-block-paragraph">From 1947 through 1973, labor productivity increased by an average of 2.8% per year, while inflation-adjusted hourly compensation rose by 2.6% per year. Workers became more productive, businesses became more valuable, and employee compensation generally followed.</p>



<p class="wp-block-paragraph">That relationship broke down after the 1970s.</p>



<p class="wp-block-paragraph">The Economic Policy Institute estimates that net productivity rose <strong>90.2% between 1979 and 2025</strong>, while typical-worker compensation increased only <strong>33%</strong>. Under its methodology, the typical worker would receive approximately <strong>$16.40 more an hour in total compensation</strong>, including about <strong>$13.53 more in wages</strong>, had compensation continued to track productivity.</p>



<p class="wp-block-paragraph">The missing compensation is not sitting in a single corporate vault. Some went to higher profits and shareholder wealth. Some went to executives and other highly compensated employees. Some reflects changes in taxes, benefits, depreciation and the composition of the economy.</p>



<p class="wp-block-paragraph">But the broad result is difficult to dispute: American workers continued producing more value, while their power to claim that value weakened.</p>



<h2 class="wp-block-heading">Executive compensation tells the other side of the story</h2>



<p class="wp-block-paragraph">In 1974, the estimated compensation ratio between a large-company CEO and a typical worker was approximately <strong>24.5-to-1</strong>.</p>



<p class="wp-block-paragraph">By 2024, it was approximately <strong>281-to-1</strong>.</p>



<p class="wp-block-paragraph">EPI estimates that the average realized compensation of CEOs at the 350 largest American companies reached <strong>$22.98 million in 2024</strong>. Average annual wages and benefits were approximately <strong>$74,000 for private-sector production and nonsupervisory workers overall</strong> and <strong>$84,000 for comparable workers in the industries represented by those large companies</strong>.</p>



<p class="wp-block-paragraph">From 1978 through 2024, inflation-adjusted CEO compensation rose <strong>1,094%</strong>. Typical-worker compensation rose only <strong>26%</strong>.</p>



<p class="wp-block-paragraph">No plausible theory of executive talent explains why CEOs became more than 10 times as valuable relative to their employees while productivity increased by a fraction of that amount.</p>



<p class="wp-block-paragraph">The escalation was driven heavily by stock-based compensation. In 2024, vested stock awards and exercised options represented approximately <strong>79% of realized CEO compensation</strong> in EPI’s sample. That gives executives an enormous personal incentive to prioritize the share price, often through buybacks, cost cutting and short-term margin improvement.</p>



<p class="wp-block-paragraph">A CEO can be extremely well paid without receiving $23 million a year. Reducing average large-company CEO compensation to approximately $3 million would not turn CEOs into members of the working poor. It would still mean roughly $250,000 a month.</p>



<h2 class="wp-block-heading">Union decline weakened the worker’s side of the table</h2>



<p class="wp-block-paragraph">Workers once had institutions capable of negotiating over productivity gains.</p>



<p class="wp-block-paragraph">The comparable national union membership rate fell from <strong>20.1% in 1983 to 10% in 2025</strong>. In the private sector, only <strong>5.9% of workers</strong> were union members in 2025.</p>



<p class="wp-block-paragraph">The Treasury Department’s review of economic research concluded that unions generally raise members’ wages by approximately <strong>10% to 15%</strong>, while also improving retirement coverage, health benefits, workplace procedures and other conditions.</p>



<p class="wp-block-paragraph">That premium does not arise because union members become 15% more deserving as human beings. It arises because individual workers negotiating alone against a corporation generally have little leverage. Workers negotiating collectively can claim more of the value they create.</p>



<p class="wp-block-paragraph">Congress recognized this problem when it enacted the National Labor Relations Act. The law explicitly states that unequal bargaining power can depress wages and workers’ purchasing power, aggravating economic downturns. It describes collective bargaining as a way to restore a degree of equality between employers and employees.</p>



<p class="wp-block-paragraph">Yet the enforcement structure remains weak. The National Labor Relations Board says it cannot assess penalties for violations of the labor law. It can generally seek measures such as backpay, reinstatement and a notice promising future compliance.</p>



<p class="wp-block-paragraph">That creates a straightforward incentive problem. When defeating a union could save a corporation millions of dollars in future labor costs, being ordered years later to provide backpay may be treated as a manageable business expense rather than a meaningful deterrent.</p>



<h2 class="wp-block-heading">The economy already produces the money</h2>



<p class="wp-block-paragraph">The most important rebuttal to the collapse narrative can be found in the national corporate accounts.</p>



<p class="wp-block-paragraph">In 2024, American nonfinancial corporations generated approximately <strong>$14.85 trillion in gross value added</strong>. This is not total sales; it is the value corporations produced after accounting for goods and services purchased from other businesses.</p>



<p class="wp-block-paragraph">Employees received approximately <strong>$8.45 trillion in wages, benefits and other compensation</strong>. That was about <strong>56.9% of corporate gross value added</strong>.</p>



<p class="wp-block-paragraph">In 1974, nonfinancial corporations generated approximately <strong>$830 billion in gross value added</strong> and paid approximately <strong>$543 billion in employee compensation</strong>. Compensation therefore represented approximately <strong>65.4% of gross value added</strong>.</p>



<p class="wp-block-paragraph">Apply that 1974 proportion to what corporations actually produced in 2024, and the result looks like this:</p>



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Nonfinancial corporate sector</th><th>Actual 2024</th><th>At 1974 compensation share</th></tr></thead><tbody><tr><td>Gross value added</td><td>$14.85 trillion</td><td>$14.85 trillion</td></tr><tr><td>Employee compensation</td><td>$8.45 trillion</td><td><strong>$9.71 trillion</strong></td></tr><tr><td>Additional employee compensation</td><td>—</td><td><strong>$1.26 trillion</strong></td></tr><tr><td>Increase in the compensation pool</td><td>—</td><td><strong>14.9%</strong></td></tr></tbody></table></figure>



<p class="wp-block-paragraph">This does not require inventing $1.26 trillion in new revenue. The value was already produced.</p>



<p class="wp-block-paragraph">It changes who receives it.</p>



<h2 class="wp-block-heading">Profits would fall—but they would not disappear</h2>



<p class="wp-block-paragraph">Nonfinancial corporations recorded approximately <strong>$2.11 trillion in after-tax profits in 2024</strong>.</p>



<p class="wp-block-paragraph">In the most aggressive simple accounting exercise, suppose the entire $1.26 trillion increase in employee compensation came directly out of after-tax profits. Corporations would still have approximately:<math xmlns="http://www.w3.org/1998/Math/MathML" display="block"><semantics><mrow><mi mathvariant="normal">$</mi><mn>2.11</mn><mtext>&nbsp;trillion</mtext><mo>−</mo><mi mathvariant="normal">$</mi><mn>1.26</mn><mtext>&nbsp;trillion</mtext><mo>=</mo><menclose notation="box"><mstyle scriptlevel="0" displaystyle="false"><mstyle scriptlevel="0" displaystyle="false"><mstyle scriptlevel="0" displaystyle="true"><mrow><mi mathvariant="normal">$</mi><mn>845</mn><mtext>&nbsp;billion</mtext></mrow></mstyle></mstyle></mstyle></menclose></mrow><annotation encoding="application/x-tex">\$2.11\text{ trillion}-\$1.26\text{ trillion} =\boxed{\$845\text{ billion}}</annotation></semantics></math>$2.11&nbsp;trillion−$1.26&nbsp;trillion=$845&nbsp;billion​</p>



<p class="wp-block-paragraph">in after-tax profits.</p>



<p class="wp-block-paragraph">That is not economic collapse. It is a lower profit margin.</p>



<p class="wp-block-paragraph">The real adjustment would be more complicated. Some companies would accept lower profits. Some would reduce dividends or buybacks. Some would reduce executive compensation. Some would raise prices modestly. Some would improve productivity, reduce turnover or reorganize operations. Some low-margin businesses would need longer transitions or targeted assistance.</p>



<p class="wp-block-paragraph">But the aggregate numbers reveal a vast middle ground between today’s distribution and the abolition of profit.</p>



<p class="wp-block-paragraph">The argument is not that every corporation can absorb every wage increase immediately. It is that the corporate economy as a whole has substantial room to pay employees more while continuing to earn hundreds of billions of dollars in profit.</p>



<h2 class="wp-block-heading">What a 1974-style pay relationship could look like</h2>



<p class="wp-block-paragraph">EPI’s 2024 benchmark places annual wages and benefits for a typical full-time worker in the industries represented by the largest companies at approximately <strong>$84,000</strong>.</p>



<p class="wp-block-paragraph">Applying the broad productivity catch-up implied by EPI’s 1978–2024 figures raises that benchmark to approximately <strong>$120,000 in total compensation</strong>. Applying the 1974 CEO-worker multiple of 24.5-to-1 would produce CEO compensation of roughly <strong>$3 million</strong>.</p>



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Compensation measure</th><th>Actual 2024</th><th>Illustrative balanced model</th></tr></thead><tbody><tr><td>Typical large-company-industry worker</td><td>$84,000</td><td><strong>about $120,000</strong></td></tr><tr><td>Average top-350 CEO</td><td>$22.98 million</td><td><strong>about $3 million</strong></td></tr><tr><td>CEO-worker ratio</td><td>281-to-1</td><td><strong>about 24.5-to-1</strong></td></tr></tbody></table></figure>



<p class="wp-block-paragraph">This is an illustration, not a literal prediction for every company. EPI’s early ratios are reconstructed historical estimates, and its worker figures measure wages and employer-provided benefits—not simply take-home salary.</p>



<p class="wp-block-paragraph">It also requires two forms of redistribution.</p>



<p class="wp-block-paragraph">First, more income must move from capital owners to employees overall.</p>



<p class="wp-block-paragraph">Second, more of the employee compensation pool must move away from CEOs, senior executives and other extremely highly paid employees and toward ordinary workers.</p>



<p class="wp-block-paragraph">Restoring only the aggregate 1974 corporate compensation share would increase the total compensation pool by about 15%. Typical workers could receive more than 15% only when the additional money is concentrated below the executive and highest-paid professional levels.</p>



<p class="wp-block-paragraph">That distinction strengthens the case. It prevents a broad labor-share increase from becoming another raise for executives who are technically counted as employees.</p>



<h2 class="wp-block-heading">“Higher wages will force companies to close”</h2>



<p class="wp-block-paragraph">Some companies operate on thin margins. A restaurant, local retailer or small manufacturer cannot necessarily absorb the same wage increase as a dominant technology company, pharmaceutical corporation, financial institution or national retailer.</p>



<p class="wp-block-paragraph">That is an argument for intelligent policy design—not permanent wage stagnation.</p>



<p class="wp-block-paragraph">A responsible wage transition would be phased in over several years. A 14.9% cumulative increase implemented over five years would amount to approximately <strong>2.8% in additional compensation growth per year</strong>, above whatever baseline growth occurred.</p>



<p class="wp-block-paragraph">The policy could also distinguish between:</p>



<ul class="wp-block-list">
<li>Large, highly profitable corporations</li>



<li>Small independently owned businesses</li>



<li>Labor-intensive industries with thin margins</li>



<li>Companies facing genuine international competition</li>



<li>Dominant firms with pricing power</li>



<li>Federal contractors receiving substantial public revenue</li>
</ul>



<p class="wp-block-paragraph">Smaller employers could receive temporary wage-transition tax credits, affordable financing for productivity improvements, and relief from costs such as health insurance that large corporations can spread across enormous workforces.</p>



<p class="wp-block-paragraph">The inability of some businesses to absorb an immediate increase does not prove that no workers anywhere can be paid more.</p>



<h2 class="wp-block-heading">“Higher wages will cause runaway inflation”</h2>



<p class="wp-block-paragraph">Some wage increases will be reflected in prices. Pretending otherwise would weaken the argument.</p>



<p class="wp-block-paragraph">But a dollar of additional compensation does not automatically create a dollar of additional consumer prices. Corporations have several adjustment channels: profits, executive compensation, shareholder distributions, productivity, turnover, staffing, supplier contracts and prices.</p>



<p class="wp-block-paragraph">The inflationary risk also depends on how quickly wages rise, whether productivity is increasing, whether industries have unused capacity and whether firms are already earning unusually large margins.</p>



<p class="wp-block-paragraph">A one-time national wage shock is different from a gradual system in which employee compensation regularly shares in productivity growth.</p>



<p class="wp-block-paragraph">Had pay continued rising alongside productivity over the past 50 years, the economy would not suddenly need to find trillions of dollars today. The higher wage structure would already be embedded in prices, corporate valuations, business plans and household spending.</p>



<p class="wp-block-paragraph">The danger was created partly by allowing the imbalance to accumulate for decades.</p>



<h2 class="wp-block-heading">“Higher wages will destroy jobs”</h2>



<p class="wp-block-paragraph">A serious case for higher wages should acknowledge that poorly designed increases can reduce employment in some places.</p>



<p class="wp-block-paragraph">The Congressional Budget Office concludes that raising the federal minimum wage would increase earnings and family income for most affected low-wage workers and generally reduce poverty. It also estimates that some workers could lose employment. CBO notes that research findings vary widely: many studies find little or no employment effect, while others find substantial reductions. It also recognizes that higher wages can improve worker productivity, including by reducing employee turnover.</p>



<p class="wp-block-paragraph">That is a tradeoff worth managing, not evidence of economywide collapse.</p>



<p class="wp-block-paragraph">The answer is to combine higher wage standards with:</p>



<ul class="wp-block-list">
<li>Gradual implementation</li>



<li>Strong labor demand</li>



<li>Small-business transition assistance</li>



<li>Training and productivity investment</li>



<li>Sector-specific bargaining</li>



<li>Enforcement against misclassification and wage theft</li>



<li>Policies that prevent dominant companies from forcing costs onto small suppliers</li>
</ul>



<p class="wp-block-paragraph">A policy that raises wages for millions while causing limited disruption in particular industries should be adjusted where necessary. It should not be discarded merely because its costs are not literally zero.</p>



<p class="wp-block-paragraph">No economic arrangement has zero costs. The present system imposes costs through low pay, inadequate retirement savings, financial insecurity and extreme wealth concentration. Those costs are simply less visible on corporate income statements.</p>



<h2 class="wp-block-heading">“But workers own stocks through their 401(k)s”</h2>



<p class="wp-block-paragraph">Many workers do receive part of the shareholder return through index funds and retirement plans. That matters.</p>



<p class="wp-block-paragraph">It does not mean weak wages are compensated for by strong stock returns.</p>



<p class="wp-block-paragraph">In 2022, <strong>54.3% of American families held an IRA or account-based retirement plan such as a 401(k) or 403(b)</strong>. Among families with such accounts, the median balance was approximately <strong>$86,900</strong>, while the mean was approximately <strong>$334,000</strong>. That large difference shows how heavily retirement assets are concentrated among families with larger portfolios.</p>



<p class="wp-block-paragraph">The same pattern appears in direct stock ownership. The median direct stockholding among owners was approximately <strong>$15,000</strong>, while the mean was around <strong>$404,000</strong>.</p>



<p class="wp-block-paragraph">A worker with $50,000 invested and a wealthy household with $50 million invested may earn the same percentage return. But a 10% gain means:</p>



<ul class="wp-block-list">
<li>$5,000 for the worker</li>



<li>$5 million for the wealthy household</li>
</ul>



<p class="wp-block-paragraph">Equal percentage returns do not create equal economic benefits.</p>



<p class="wp-block-paragraph">Higher pay also affects retirement from the contribution side. Consider a worker with a $100,000 account:</p>



<ul class="wp-block-list">
<li>One additional percentage point of annual return produces $1,000.</li>



<li>An additional $20,000 in annual compensation, with 10% contributed, produces $2,000 in new savings before any employer match.</li>



<li>That larger contribution then compounds in every future year.</li>
</ul>



<p class="wp-block-paragraph">We cannot know the exact index-fund return in an economy that maintained the 1974 balance between labor and capital. Lower profit margins could mean lower stock valuations and possibly lower long-term returns.</p>



<p class="wp-block-paragraph">But lower capital returns would not mean zero capital returns. And a worker with a substantially larger paycheck might accumulate more retirement wealth even with a somewhat lower return per invested dollar.</p>



<p class="wp-block-paragraph">A 401(k) should supplement fair wages. It should not be used to justify suppressing the wages from which 401(k) contributions must be made.</p>



<h2 class="wp-block-heading">“Lower profits will eliminate investment and innovation”</h2>



<p class="wp-block-paragraph">Investment requires an expected return. It does not require the highest profit share corporations can politically obtain.</p>



<p class="wp-block-paragraph">Even after the full static $1.26 trillion shift described above, nonfinancial corporations would retain roughly $845 billion in after-tax profits. That is before considering the possibility that part of the adjustment would come from executive compensation, reduced shareholder distributions, productivity improvements or modest price changes.</p>



<p class="wp-block-paragraph">The United States also experienced strong productivity and compensation growth during the postwar period when workers captured a larger portion of economic gains. From 1947 through 1973, productivity and real hourly compensation both grew rapidly and remained closely connected.</p>



<p class="wp-block-paragraph">That era was not economically perfect. It included discrimination, exclusion, recessions and serious inequalities. But it demonstrates that relatively strong wage growth, union power, business investment and economic expansion can coexist.</p>



<p class="wp-block-paragraph">Capital deserves a return for financing productive enterprise and accepting risk.</p>



<p class="wp-block-paragraph">It does not follow that capital must receive every possible dollar left after workers have been paid as little as bargaining conditions permit.</p>



<h2 class="wp-block-heading">“This is class warfare”</h2>



<p class="wp-block-paragraph">Every economic system distributes power and income.</p>



<p class="wp-block-paragraph">A law that protects collective bargaining affects distribution. So does a law that weakens it.</p>



<p class="wp-block-paragraph">A higher minimum wage affects distribution. So does leaving the federal minimum at <strong>$7.25 an hour since July 2009</strong>, where it remains today.</p>



<p class="wp-block-paragraph">A tax on stock buybacks affects distribution. So does allowing unlimited buybacks.</p>



<p class="wp-block-paragraph">A rule limiting executive compensation affects distribution. So does a corporate-governance system that rewards executives with tens of millions of dollars in stock-based pay.</p>



<p class="wp-block-paragraph">The current arrangement is not neutral. It is the result of laws, tax rules, enforcement decisions, corporate practices and bargaining institutions.</p>



<p class="wp-block-paragraph">The class war accusation is usually deployed only when working people attempt to reclaim bargaining power—not when executives and owners use their existing power to claim a larger share.</p>



<h2 class="wp-block-heading">A fair-pay program for working America</h2>



<p class="wp-block-paragraph">The goal should not be to set every wage in Washington. It should be to rebuild the institutions through which workers can negotiate their own share.</p>



<h3 class="wp-block-heading">Restore collective bargaining</h3>



<p class="wp-block-paragraph">Workers should be able to organize without risking an illegal firing that takes years to remedy.</p>



<p class="wp-block-paragraph">Labor-law reform should include meaningful financial penalties for retaliation, rapid reinstatement procedures, equal access for organizers, timely elections, first-contract mediation and enforceable deadlines against bad-faith delay.</p>



<p class="wp-block-paragraph">Workers in fragmented industries should also be permitted to bargain across companies. Sectoral standards would prevent responsible employers from being undercut by competitors whose business model depends on poverty wages.</p>



<h3 class="wp-block-heading">Raise and index the wage floor</h3>



<p class="wp-block-paragraph">The federal minimum wage should be increased gradually and then indexed so that Congress cannot allow inflation to erase it again.</p>



<p class="wp-block-paragraph">A durable formula could connect it to the national median wage, regional median wages or productivity. States and cities would remain free to establish higher standards when local wages and living costs require them.</p>



<p class="wp-block-paragraph">The purpose of a wage floor is not to replace bargaining. It is to establish a minimum below which competition should not be allowed to push human labor.</p>



<h3 class="wp-block-heading">Create a productivity dividend</h3>



<p class="wp-block-paragraph">Large companies should be required to disclose what portion of annual productivity and profit growth reaches nonexecutive employees.</p>



<p class="wp-block-paragraph">When a company reports rising productivity, growing profit, large executive stock awards or major shareholder distributions, a specified portion of those gains should first support employee wages, benefits, profit sharing or retirement contributions.</p>



<p class="wp-block-paragraph">A company should not be able to claim it lacks money for raises while simultaneously announcing record profits, multimillion-dollar executive awards and enormous shareholder payouts.</p>



<h3 class="wp-block-heading">Put guardrails on extreme executive pay</h3>



<p class="wp-block-paragraph">Corporate tax and federal contracting rules could discourage extreme CEO-to-worker pay ratios.</p>



<p class="wp-block-paragraph">A company would remain free to pay an executive whatever its board approved, but ratios above a defined threshold could trigger higher taxes, reduced deductions or lower priority for government contracts.</p>



<p class="wp-block-paragraph">The historical comparison shows that a ratio near 25-to-1 can still leave executives extraordinarily well compensated. The choice is not between a $23 million CEO and no qualified CEO at all.</p>



<h3 class="wp-block-heading">Protect genuinely vulnerable small businesses</h3>



<p class="wp-block-paragraph">A fair-pay transition should not treat a family-owned shop like a multinational corporation.</p>



<p class="wp-block-paragraph">Temporary tax credits could offset part of the cost of documented wage increases at smaller firms. Public lending could finance equipment and training that raise productivity. Healthcare reform could reduce the burden of employer-provided insurance. Stronger antitrust enforcement could prevent dominant corporations and platforms from squeezing small suppliers while demanding that those suppliers absorb every wage increase.</p>



<p class="wp-block-paragraph">Workers should not have to subsidize an unviable business model with permanently inadequate pay. But public policy can help viable small businesses make a gradual transition.</p>



<h3 class="wp-block-heading">Make retirement wealth broad, not merely available</h3>



<p class="wp-block-paragraph">Automatic enrollment, portable retirement accounts, meaningful employer contributions and low-fee index options should be widely available.</p>



<p class="wp-block-paragraph">Employee ownership and broad-based profit sharing could give workers a direct claim on the businesses they help build.</p>



<p class="wp-block-paragraph">But retirement policy must begin with the paycheck. A worker cannot save money that never reaches the worker in the first place.</p>



<h2 class="wp-block-heading">Fair pay is not an economic emergency</h2>



<p class="wp-block-paragraph">A balanced wage policy would create changes.</p>



<p class="wp-block-paragraph">Some corporate profit margins would be lower. Some stock valuations could be lower. Some shareholder distributions would decline. Some executives would receive fewer millions. Some prices would rise modestly. Some businesses would need assistance or longer transitions. A limited number of poorly positioned companies might fail.</p>



<p class="wp-block-paragraph">That is not the same as an economic crash.</p>



<p class="wp-block-paragraph">Businesses would still earn profits. Investors would still receive returns. Executives would still be wealthy. Index funds would still own productive companies. Entrepreneurs would still have incentives to build businesses.</p>



<p class="wp-block-paragraph">The difference is that the people doing the work would receive more of the value they create.</p>



<p class="wp-block-paragraph">For decades, America has tested the proposition that maximizing the power and wealth of owners will eventually produce security for everyone else. The results include a widening productivity-pay gap, collapsing private-sector union representation, CEO compensation approaching 300 times worker compensation, and a corporate income distribution increasingly tilted away from ordinary employees.</p>



<p class="wp-block-paragraph">We do not have to eliminate capitalism to correct that imbalance.</p>



<p class="wp-block-paragraph">We have to balance it.</p>



<p class="wp-block-paragraph">The economy does not crash when a CEO receives $3 million instead of $23 million. It does not collapse when a profitable corporation accepts a smaller margin. It does not stop functioning when shareholders receive a good return rather than the maximum return that weakened labor institutions make possible.</p>



<p class="wp-block-paragraph">The central economic question is no longer whether America can afford higher wages.</p>



<p class="wp-block-paragraph">It is <strong>why working people should continue accepting less when their productivity has already produced more</strong>.</p>



<p class="wp-block-paragraph"><em>What CEO-worker pay ratio and productivity-sharing rule would you consider fair? Add your view, and share this article with someone who has been told that paying people fairly is economically impossible.</em></p>



<hr class="wp-block-separator has-alpha-channel-opacity is-style-wide"/>



<h2 class="wp-block-heading">Source list</h2>



<h3 class="wp-block-heading">Productivity and worker compensation</h3>



<p class="wp-block-paragraph"><strong>Economic Policy Institute, “Wage Calculator: How Much Should I Be Making?”</strong><br>Provides the estimate that net productivity rose <strong>90.2% from 1979 to 2025</strong>, while typical-worker compensation rose <strong>33%</strong>. It also estimates that compensation would be approximately <strong>$16.40 per hour higher</strong>, including <strong>$13.53 more in wages</strong>, had typical pay kept pace with productivity. EPI identifies its underlying sources as BLS productivity and wage data.</p>



<p class="wp-block-paragraph"><strong>U.S. Bureau of Labor Statistics, “The Compensation-Productivity Gap.”</strong><br>Documents that productivity and inflation-adjusted hourly compensation moved much more closely together during the postwar period. From 1947 through 1973, productivity grew an average of <strong>2.8% annually</strong>, while real hourly compensation grew <strong>2.6% annually</strong>.</p>



<h3 class="wp-block-heading">CEO compensation</h3>



<p class="wp-block-paragraph"><strong>Economic Policy Institute, “CEO Pay Has Skyrocketed Since 1978.”</strong><br>Provides the estimated CEO-to-worker compensation ratios, including <strong>24.51-to-1 in 1974</strong> and <strong>280.72-to-1 in 2024</strong>. It also reports that realized CEO compensation rose approximately <strong>1,094% from 1978 through 2024</strong>, compared with <strong>26% growth in typical-worker compensation</strong>. EPI’s “typical worker” is a full-time production or nonsupervisory worker in the industries in which the 350 largest companies operate.</p>



<h3 class="wp-block-heading">Corporate output, compensation, and profits</h3>



<p class="wp-block-paragraph">These three series are produced by the <strong>U.S. Bureau of Economic Analysis</strong> and published through the Federal Reserve Bank of St. Louis’s FRED database.</p>



<p class="wp-block-paragraph"><strong>BEA/FRED, Gross Value Added of Nonfinancial Corporate Business, series A455RC1A027NBEA.</strong><br>Reports nonfinancial-corporate gross value added of <strong>$830.040 billion in 1974</strong> and <strong>$14.849 trillion in 2024</strong>.</p>



<p class="wp-block-paragraph"><strong>BEA/FRED, Compensation of Employees in Nonfinancial Corporate Business, series A460RC1A027NBEA.</strong><br>Reports employee compensation of <strong>$542.933 billion in 1974</strong> and <strong>$8.451 trillion in 2024</strong>. Compensation includes wages, salaries, and employer-paid supplements such as benefit contributions.</p>



<p class="wp-block-paragraph"><strong>BEA/FRED, After-Tax Profits of Nonfinancial Corporate Business, series W328RC1A027NBEA.</strong><br>Reports after-tax corporate profits, with inventory-valuation and capital-consumption adjustments, of <strong>$44.564 billion in 1974</strong> and <strong>$2.107 trillion in 2024</strong>.</p>



<h3 class="wp-block-heading">How the $1.26 trillion estimate was calculated</h3>



<p class="wp-block-paragraph">The <strong>$1.26 trillion figure is an article calculation based on the BEA data</strong>, not a figure independently published by BEA or FRED.<math xmlns="http://www.w3.org/1998/Math/MathML" display="block"><semantics><mrow><mtext>1974&nbsp;compensation&nbsp;share</mtext><mo>=</mo><mfrac><mrow><mi mathvariant="normal">$</mi><mn>542.933</mn><mtext>B</mtext></mrow><mrow><mi mathvariant="normal">$</mi><mn>830.040</mn><mtext>B</mtext></mrow></mfrac><mo>=</mo><mn>65.41</mn><mi mathvariant="normal">%</mi></mrow><annotation encoding="application/x-tex">\text{1974 compensation share} = \frac{\$542.933\text{B}}{\$830.040\text{B}} = 65.41\%</annotation></semantics></math>1974&nbsp;compensation&nbsp;share=$830.040B$542.933B​=65.41% <math xmlns="http://www.w3.org/1998/Math/MathML" display="block"><semantics><mrow><mtext>2024&nbsp;compensation&nbsp;at&nbsp;that&nbsp;share</mtext><mo>=</mo><mi mathvariant="normal">$</mi><mn>14.849</mn><mtext>T</mtext><mo>×</mo><mn>65.41</mn><mi mathvariant="normal">%</mi><mo>=</mo><mi mathvariant="normal">$</mi><mn>9.713</mn><mtext>T</mtext></mrow><annotation encoding="application/x-tex">\text{2024 compensation at that share} = \$14.849\text{T}\times65.41\% = \$9.713\text{T}</annotation></semantics></math>2024&nbsp;compensation&nbsp;at&nbsp;that&nbsp;share=$14.849T×65.41%=$9.713T <math xmlns="http://www.w3.org/1998/Math/MathML" display="block"><semantics><mrow><mtext>Additional&nbsp;compensation</mtext><mo>=</mo><mi mathvariant="normal">$</mi><mn>9.713</mn><mtext>T</mtext><mo>−</mo><mi mathvariant="normal">$</mi><mn>8.451</mn><mtext>T</mtext><mo>=</mo><menclose notation="box"><mstyle scriptlevel="0" displaystyle="false"><mstyle scriptlevel="0" displaystyle="false"><mstyle scriptlevel="0" displaystyle="true"><mrow><mi mathvariant="normal">$</mi><mn>1.262</mn><mtext>&nbsp;trillion</mtext></mrow></mstyle></mstyle></mstyle></menclose></mrow><annotation encoding="application/x-tex">\text{Additional compensation} = \$9.713\text{T}-\$8.451\text{T} = \boxed{\$1.262\text{ trillion}}</annotation></semantics></math>Additional&nbsp;compensation=$9.713T−$8.451T=$1.262&nbsp;trillion​</p>



<p class="wp-block-paragraph">That would expand the aggregate employee-compensation pool by approximately:<math xmlns="http://www.w3.org/1998/Math/MathML" display="block"><semantics><mrow><mfrac><mrow><mi mathvariant="normal">$</mi><mn>1.262</mn><mtext>T</mtext></mrow><mrow><mi mathvariant="normal">$</mi><mn>8.451</mn><mtext>T</mtext></mrow></mfrac><mo>=</mo><menclose notation="box"><mstyle scriptlevel="0" displaystyle="false"><mstyle scriptlevel="0" displaystyle="false"><mstyle scriptlevel="0" displaystyle="true"><mrow><mn>14.9</mn><mi mathvariant="normal">%</mi></mrow></mstyle></mstyle></mstyle></menclose></mrow><annotation encoding="application/x-tex">\frac{\$1.262\text{T}}{\$8.451\text{T}} = \boxed{14.9\%}</annotation></semantics></math>$8.451T$1.262T​=14.9%​</p>



<p class="wp-block-paragraph">The deliberately simple profit comparison is:<math xmlns="http://www.w3.org/1998/Math/MathML" display="block"><semantics><mrow><mi mathvariant="normal">$</mi><mn>2.107</mn><mtext>T&nbsp;in&nbsp;after-tax&nbsp;profits</mtext><mo>−</mo><mi mathvariant="normal">$</mi><mn>1.262</mn><mtext>T&nbsp;in&nbsp;additional&nbsp;compensation</mtext><mo>=</mo><menclose notation="box"><mstyle scriptlevel="0" displaystyle="false"><mstyle scriptlevel="0" displaystyle="false"><mstyle scriptlevel="0" displaystyle="true"><mrow><mi mathvariant="normal">$</mi><mn>845</mn><mtext>&nbsp;billion&nbsp;remaining</mtext></mrow></mstyle></mstyle></mstyle></menclose></mrow><annotation encoding="application/x-tex">\$2.107\text{T in after-tax profits} &#8211; \$1.262\text{T in additional compensation} = \boxed{\$845\text{ billion remaining}}</annotation></semantics></math>$2.107T&nbsp;in&nbsp;after-tax&nbsp;profits−$1.262T&nbsp;in&nbsp;additional&nbsp;compensation=$845&nbsp;billion&nbsp;remaining​</p>



<p class="wp-block-paragraph">This is a <strong>static accounting illustration</strong>, not a forecast that assumes businesses, consumers, prices, employment, and investment would remain unchanged.</p>



<h3 class="wp-block-heading">Union membership and the union wage effect</h3>



<p class="wp-block-paragraph"><strong>U.S. Bureau of Labor Statistics, “Union Members—2025.”</strong><br>Reports that the national union membership rate was <strong>10% in 2025</strong>, while the private-sector rate was <strong>5.9%</strong>. The comparable overall union membership rate was <strong>20.1% in 1983</strong>.</p>



<p class="wp-block-paragraph"><strong>U.S. Department of the Treasury, “Labor Unions and the Middle Class.”</strong><br>Reviews the economic literature and concludes that unions generally raise members’ wages by approximately <strong>10% to 15%</strong>. It also discusses improved retirement benefits, health coverage, grievance procedures, scheduling, and positive wage spillovers for some nonunion workers.</p>



<h3 class="wp-block-heading">Labor law and bargaining power</h3>



<p class="wp-block-paragraph"><strong>National Labor Relations Board, National Labor Relations Act.</strong><br>The law’s opening findings explicitly recognize the “inequality of bargaining power” between individually employed workers and employers organized through corporations. It also connects depressed wages and purchasing power with recurring economic downturns.</p>



<p class="wp-block-paragraph"><strong>National Labor Relations Board, “Investigate Charges.”</strong><br>Explains that the NLRB generally <strong>cannot assess civil penalties</strong> under its governing statute. Its remedies ordinarily include backpay, reinstatement, and notices requiring employers to cease unlawful conduct.</p>



<h3 class="wp-block-heading">Retirement accounts and unequal stock ownership</h3>



<p class="wp-block-paragraph"><strong>Federal Reserve Board, “Changes in U.S. Family Finances from 2019 to 2022.”</strong><br>The Survey of Consumer Finances found that <strong>54.3% of families</strong> held retirement accounts in 2022. Among account holders, the median balance was <strong>$86,900</strong>, while the mean was <strong>$334,000</strong>, illustrating how unevenly retirement assets are distributed. For direct stock holdings, the median among owners was <strong>$15,000</strong>, compared with a mean of roughly <strong>$404,000</strong>.</p>



<p class="wp-block-paragraph">The same report found that, among families owning stock directly or indirectly, the median holding was about <strong>$12,600 for the bottom half of the income distribution</strong>, <strong>$53,200 for the next 40%</strong>, and <strong>$608,000 for the top 10%</strong>. These figures help explain why higher stock returns do not compensate every worker equally for weaker wage growth.</p>



<h3 class="wp-block-heading">Minimum-wage effects</h3>



<p class="wp-block-paragraph"><strong>Congressional Budget Office, “How Increasing the Federal Minimum Wage Could Affect Employment and Family Income.”</strong><br>CBO concludes that a higher federal minimum wage would raise earnings and family income for most affected low-wage workers and reduce poverty, while also estimating that some workers could lose employment. This supports a balanced argument: higher wage floors can produce substantial benefits, but their pace and design matter.</p>



<p class="wp-block-paragraph"><strong>U.S. Department of Labor, Minimum Wage History.</strong><br>Documents that the federal minimum wage reached <strong>$7.25 an hour on July 24, 2009</strong>, and has remained at that level since then.</p>



<h3 class="wp-block-heading">Reagan and the Heritage Foundation</h3>



<p class="wp-block-paragraph"><strong>The Heritage Foundation, “Reagan and Heritage: A Unique Partnership.”</strong><br>Heritage states that President Reagan distributed its original <em>Mandate for Leadership</em> to Cabinet members and that his administration adopted or attempted nearly <strong>two-thirds of its approximately 2,000 recommendations</strong>. This source supports the article’s statement about Heritage’s influence on the Reagan administration; it does not, by itself, establish that every later economic outcome was caused by Heritage.</p>
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		<title>Crawford Bay redevelopment fast-tracks Portsmouth proposals: RFP bids due Aug. 31</title>
		<link>https://111things.com/biz/crawford-bay-redevelopment-fast-tracks-portsmouth-proposals-rfp-bids-due-aug-31/</link>
					<comments>https://111things.com/biz/crawford-bay-redevelopment-fast-tracks-portsmouth-proposals-rfp-bids-due-aug-31/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Tue, 21 Jul 2026 09:02:44 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Crawford Bay redevelopment]]></category>
		<category><![CDATA[Economic Development]]></category>
		<category><![CDATA[Housing & Zoning]]></category>
		<category><![CDATA[Portsmouth, VA]]></category>
		<category><![CDATA[Waterfront access]]></category>
		<guid isPermaLink="false">https://111things.com/?p=928424</guid>

					<description><![CDATA[Portsmouth’s Crawford Bay waterfront project is moving into a second-phase RFP, with proposals due Aug. 31.]]></description>
										<content:encoded><![CDATA[<p>Portsmouth’s downtown waterfront redevelopment at Crawford Bay is moving into its next procurement step: a second-phase Request for Proposals (RFP) after an earlier “fast-track” RFQ and shortlist process. The <a href="https://www.portsmouthvaecondev.com/developments/crawford-bay" rel="nofollow noopener" target="_blank">Portsmouth Economic Development</a> Authority says formal proposals from the invited teams are due <strong>Aug. 31, 2026</strong>, with a goal of selecting and onboarding a developer by <strong>the end of 2026</strong>.</p>
<h2>What Crawford Bay is—and why the next step matters</h2>
<p>Crawford Bay is the city’s approximately <strong>six-acre</strong> redevelopment site on the downtown waterfront. The city/EDA describes the project as a mixed-use opportunity meant to introduce new housing and a new hotel, along with dining and public waterfront spaces—partly driven by a desire to expand the “welcome mat” for visitors arriving in the downtown area.</p>
<h2>From RFQ shortlisting to a second-phase RFP</h2>
<p>The key change for residents is that the RFP phase is not a restart. The EDA says the second-phase RFP is publicly available for download, but <strong>only the three development teams shortlisted through the March 2026 RFQ are invited to submit proposals</strong>.</p>
<p>In this stage, the EDA is asking teams to provide more detailed development concepts and financial offers that can shape the ultimate selection of a development partner.</p>
<h2>The “fast-track” timeline that led here</h2>
<p>The EDA meeting minutes from April 21, 2026 show how the procurement sped forward:</p>
<ul>
<li><strong>March 4, 2026</strong>: RFQ issued</li>
<li><strong>March 16, 2026</strong>: pre-proposal conference</li>
<li><strong>May 7, 2026</strong>: RFQ submission deadline</li>
<li><strong>By May 29, 2026</strong>: RFQ shortlisting scheduled</li>
<li><strong>June 2026</strong>: EDA plans to issue the RFP to developers</li>
<li><strong>Aug. 31, 2026</strong>: invited teams’ formal proposals due (second-phase RFP)</li>
<li><strong>End of 2026</strong>: stated goal to select and onboard a developer</li>
</ul>
<p>That final “end of 2026” timing is a goal, not a guarantee; evaluation and negotiations can still take time.</p>
<h2>What the city/EDA says it wants to see in proposals</h2>
<p>While the submitted plans won’t be final until the EDA and partners negotiate a deal, the city/EDA has indicated the development concept should include a mix such as:</p>
<ul>
<li><strong>Multifamily housing</strong></li>
<li><strong>Entertainment</strong>, plus <strong>restaurants</strong> and <strong>shops</strong></li>
<li><strong>A new hotel</strong></li>
<li><strong>Public amenities</strong> and <strong>public waterfront spaces</strong> along the riverfront</li>
</ul>
<h2>What to watch next during the RFP review</h2>
<p>Once proposals are submitted on <strong>Aug. 31</strong>, the practical questions for residents will be how teams balance competing priorities:</p>
<ul>
<li><strong>Housing outcomes</strong>: what kind of multifamily plan is proposed</li>
<li><strong>Visitor/downtown uses</strong>: how entertainment, dining, and retail could fit the surrounding downtown</li>
<li><strong>Public access and design</strong>: what parts of the waterfront are truly public, and how amenities connect people to the Elizabeth River</li>
</ul>
<p>Because the RFP phase is limited to the three shortlisted teams, it’s about selecting the best-fit proposal—not restarting the process from scratch.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://www.whro.org/business-growth/2026-07-15/portsmouths-crawford-bay-site-sat-empty-for-decades-the-city-is-set-to-fast-track-its-redevelopment" rel="nofollow noopener" target="_blank">WHRO (Toby Cox), July 15, 2026 — Crawford Bay redevelopment fast-track and RFP deadlines</a></li>
<li><a href="https://www.portsmouthvaecondev.com/developments/crawford-bay" rel="nofollow noopener" target="_blank">Portsmouth Economic Development — Crawford Bay development/RFP project page</a></li>
<li><a href="https://www.accessportsmouthva.com/media/dodpa1gt/eda-meeting-minutes-april-21-2026.pdf" rel="nofollow noopener" target="_blank">Portsmouth EDA meeting minutes (April 21, 2026) — Crawford Bay procurement update</a></li>
</ul>
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		<title>Omaha Inland Port Authority unveils HQ, innovation district plans in north Omaha</title>
		<link>https://111things.com/biz/omaha-inland-port-authority-unveils-hq-innovation-district-plans-in-north-omaha/</link>
					<comments>https://111things.com/biz/omaha-inland-port-authority-unveils-hq-innovation-district-plans-in-north-omaha/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Sat, 18 Jul 2026 21:22:45 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Economic Development]]></category>
		<category><![CDATA[housing development]]></category>
		<category><![CDATA[North Omaha]]></category>
		<category><![CDATA[Omaha Inland Port Authority]]></category>
		<category><![CDATA[Omaha, NE]]></category>
		<guid isPermaLink="false">https://111things.com/?p=927739</guid>

					<description><![CDATA[Omaha NE - The Inland Port Authority unveiled an HQ and “innovation district” near Ames and 28th, pairing 3D-printed homebuilding with new housing and jobs.]]></description>
										<content:encoded><![CDATA[<p>The Omaha Inland Port Authority unveiled the location for its headquarters and a nearby “innovation district” in north Omaha, a move officials say is designed to spur economic opportunity and bring new housing to the area. Nebraska Public Media reports the headquarters and innovation district would be built near Ames and North 28th avenues on a site zoned for commercial and light industrial uses.</p>
<p>The agency’s CEO, Gary Clark, highlighted a “creative construction campus” as the centerpiece of the district, describing it as a place to develop training and businesses connected to 3D-printed homebuilding. Officials also said commercial development, office space, and new housing would be developed on the site. <a href="https://www.kios.org/2026-07-08/kios-fm-local-news-for-wednesday-7-8-26" rel="nofollow noopener" target="_blank">KIOS</a>-FM likewise described the district as intended to attract startups, institutions, and other employers, with <strong>phase one</strong> on a <strong>six-acre site</strong> focused on creating an innovation space.</p>
<h2>Where the HQ and “innovation district” would be</h2>
<p>In the Nebraska Public Media report, the planned headquarters and innovation district are located near Ames and North 28th avenues. The story also quotes Clark saying the port authority aims to <strong>break ground by mid-2027</strong>, with <strong>newly constructed buildings open by 2029</strong>.</p>
<h2>What the plan says could be built</h2>
<p>Across the coverage and the authority’s board materials, the district concept includes multiple components:</p>
<ul>
<li><strong>Creative Construction Campus</strong> tied to training and businesses in <strong>3D-printed homebuilding</strong>.</li>
<li><strong>Phase one</strong> described as an <strong>innovation space</strong> on a <strong>six-acre site</strong>.</li>
<li><strong>Commercial development</strong> and <strong>office space</strong>.</li>
<li><strong>New housing</strong>, administered through a separate “housing initiative” planning track.</li>
</ul>
<h2>What the board packet says about housing and process</h2>
<p>In the Omaha Inland Port Authority’s May 2026 board meeting packet, the authority ties its “innovation district” work to the corridor near <strong>30th Street and Ames Avenue</strong>, noting it has acquired additional property near that intersection while evaluating other opportunities in the corridor.</p>
<p>The same packet says:</p>
<ul>
<li>A <strong>public announcement</strong> regarding the innovation district area was scheduled for <strong>July 7</strong>.</li>
<li>Work continues with <strong>HR&amp;A</strong> on the next phase of innovation district planning, and staff and the Real Estate &amp; Development Committee continue developing a housing strategy and implementation plan.</li>
</ul>
<p>On housing, the packet describes an implementation structure and a near-term sequence:</p>
<ul>
<li>OIPA selected <strong>Front Porch Investments</strong> and <strong>Lear Development</strong> to support implementation of the housing initiative.</li>
<li>Current planning focuses on approximately <strong>120–170 housing units</strong>, with an initial phase of <strong>20 units</strong>.</li>
<li><strong>Summer 2026:</strong> partnership agreements finalized.</li>
<li><strong>Fall 2026:</strong> developer engagement and an <strong>RFP process</strong>.</li>
<li><strong>Late 2026:</strong> initial project rollout.</li>
<li>Materials for committee review were anticipated in <strong>July</strong>, with <strong>board consideration expected in August</strong>. The packet also notes there will be <strong>no July board meeting</strong>, though committee work continues during that period.</li>
</ul>
<h2>Potential real-world impacts for residents and nearby businesses—and what to watch next</h2>
<p>Because the headquarters and innovation district were unveiled as a planning and partnership effort, nearby residents and businesses should expect changes to arrive in phases rather than all at once. The most concrete near-term signals in the documents are the housing implementation timeline and the innovation-district planning work tied to July 7 and the HR&amp;A next-phase work.</p>
<p>Here are the next items to watch:</p>
<ul>
<li><strong>July committee review → August board consideration</strong> on the housing initiative planning materials.</li>
<li><strong>Fall 2026</strong> developer engagement and the <strong>RFP process</strong>, which should clarify what types of housing projects are pursued first.</li>
<li><strong>Follow-on innovation district decisions</strong> as HR&amp;A completes its next phase planning and as OIPA prepares for ongoing public engagement around the July 7 announcement.</li>
</ul>
<p>For north Omaha residents, the clearest “next step” questions are practical: when construction activity begins in mid-2027, which housing projects are prioritized first, and what kind of affordability or eligibility details (if any) are attached as the housing initiative moves from partnership planning to developer selection.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://nebraskapublicmedia.org/en/news/news-articles/monumental-opportunity-omaha-inland-port-authority-unveils-plans-for-innovation-district/" rel="nofollow noopener" target="_blank">Nebraska Public Media (July 7, 2026) on OIPA’s HQ + innovation district</a></li>
<li><a href="https://www.omahaipa.com/media/userfiles/subsite_329/files/Board%20Mtg%20Docs/May%20Board%20Meeting%20Packet-6-4.pdf" rel="nofollow noopener" target="_blank">Omaha Inland Port Authority (May 2026 Board Packet PDF)</a></li>
<li><a href="https://www.kios.org/2026-07-08/kios-fm-local-news-for-wednesday-7-8-26" rel="nofollow noopener" target="_blank">KIOS-FM Omaha Public Radio (July 8, 2026 roundup)</a></li>
</ul>
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		<title>Beef-a-Roo shutdowns hit Loves Park-area stores; workers report pay delays</title>
		<link>https://111things.com/biz/beef-a-roo-shutdowns-hit-loves-park-area-stores-workers-report-pay-delays/</link>
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		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Wed, 08 Jul 2026 14:03:26 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Consumer services]]></category>
		<category><![CDATA[Labor issues]]></category>
		<category><![CDATA[Local businesses]]></category>
		<category><![CDATA[Loves Park, IL]]></category>
		<guid isPermaLink="false">https://111things.com/?p=924951</guid>

					<description><![CDATA[Loves Park IL - Beef-a-Roo service disruptions reported July 2 included stores not taking orders, plus drive-thru limits, while workers later raised pay timing concerns.]]></description>
										<content:encoded><![CDATA[<p>Residents in and around <strong>Loves Park</strong> are reporting sudden <strong>Beef-a-Roo</strong> service disruptions in early July 2026, including locations appearing closed or unreachable by phone, along with <strong>online ordering failures</strong>. In a separate wave of local reporting, employees also raised concerns about <strong>being paid on schedule</strong>.</p>
<p>Here’s what the reporting says happened locally, what customers are likely to notice in the short term, and where to follow verified updates on any labor activity.</p>
<h2>What local reporting says happened at Beef-a-Roo locations near Loves Park (July 2)</h2>
<p>On <strong>July 2, 2026</strong>, <strong><a href="https://www.wifr.com/2026/07/02/only-1-rockford-area-beef-a-roo-location-is-open-right-now/?outputType=amp" rel="nofollow noopener" target="_blank">WIFR</a></strong> reported that calls to eight Beef-a-Roo locations in the Rockford region—including <strong>Loves Park</strong>—were not answered during normal operating hours. WIFR also said employees reported at least two locations were closed because they did not have food.</p>
<p>WIFR listed these <strong>Loves Park</strong> addresses among the affected stores: <strong>6116 N. 2nd Street</strong> and <strong>6380 E. Riverside Blvd.</strong>.</p>
<p>WIFR also reported the <strong>Beef-a-Roo website was down</strong> and <strong>orders were not accepted</strong> at local locations through the company’s app.</p>
<p>For the drive-thru specifically, WIFR wrote that despite signage saying the drive-thru was open at the Riverside Blvd. location, <strong>no cars were seen</strong> in the parking lot on July 2. WIFR also reported that a sign posted in the drive-thru at a Beef-a-Roo location on Auburn Street indicated the restaurant was closed.</p>
<h2>Pay-timing concerns surfaced in later reporting (July 6)</h2>
<p>On <strong>July 6</strong>, <strong><a href="https://www.wgem.com/2026/07/07/tri-state-area-beef-a-roo-employees-speak-out-after-not-being-paid/" rel="nofollow noopener" target="_blank">WGEM</a></strong> reported employees speaking out after paydays were pushed back and after the company described a <strong>temporary payroll funding disruption</strong>. WGEM also reported that employees said communication with the company was difficult and described ongoing trouble receiving pay.</p>
<p>While this workforce/pay reporting doesn’t automatically explain every moment-to-moment change in store operations, it does help frame why residents could see sudden service disruptions—alongside public labor concerns—during the same stretch of time.</p>
<h2>Planned employee demonstration (scheduled for July 3)</h2>
<p>WIFR reported that a group of Rockford-area Beef-a-Roo employees shared plans for a demonstration on <strong>Friday, July 3</strong> at the <strong>N. 2nd Street</strong> restaurant, with the posted plan running from <strong>4–7 p.m.</strong></p>
<p>As with any planned protest, timing and participation can change—so it’s worth checking for updates through more reliable trackers and follow-up reporting.</p>
<h2>Where residents can track labor updates reliably</h2>
<p>For a steady, source-based place to follow developments in labor disputes and related protests, residents can use the <strong>Cornell ILR Labor Action Tracker</strong>. It’s designed to help people track <strong>verified</strong> labor activity over time rather than relying only on social media.</p>
<h2>What to do if you’re trying to order (or keep a trip flexible)</h2>
<ul>
<li><strong>Plan for interruptions:</strong> Local reporting describes periods when phone access was unavailable and the website/app wasn’t taking orders. ([wifr.com](Wifr))</li>
<li><strong>Watch for drive-thru signs that may not match operations:</strong> WIFR reported drive-thru signage at one Loves Park location, but also reported no cars were seen on-site that day, and a posted notice of closure at another drive-thru location. ([wifr.com](Wifr))</li>
<li><strong>Keep proof of any failed orders:</strong> If you attempted to order during an outage, saving any confirmations or screenshots can help if you need to ask the company what options are available once service stabilizes.</li>
</ul>
<p>For employees and anyone closely watching the situation, pairing follow-up local reporting with the Cornell tracker can help separate what’s been confirmed from what remains developing.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://www.wifr.com/2026/07/02/only-1-rockford-area-beef-a-roo-location-is-open-right-now/?outputType=amp" rel="nofollow noopener" target="_blank">WIFR (July 2, 2026): Multiple Rockford-area Beef-a-Roo locations close/switch to drive-thru; Loves Park addresses reportedly affected; ordering/site issues; July 3 employee demonstration planned</a></li>
<li><a href="https://www.wgem.com/2026/07/07/tri-state-area-beef-a-roo-employees-speak-out-after-not-being-paid/" rel="nofollow noopener" target="_blank">WGEM (July 6–7, 2026): Tri-state Beef-a-Roo employees speak out after not being paid on schedule</a></li>
<li><a href="https://striketracker.ilr.cornell.edu/" rel="nofollow noopener" target="_blank">Cornell ILR Labor Action Tracker (Cornell University)</a></li>
</ul>
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		<title>HHS opens more than $281 million in addiction and mental-health grants</title>
		<link>https://111things.com/biz/hhs-opens-more-than-281-million-in-addiction-and-mental-health-grants/</link>
					<comments>https://111things.com/biz/hhs-opens-more-than-281-million-in-addiction-and-mental-health-grants/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Tue, 07 Jul 2026 02:58:17 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Addiction Treatment]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[HHS]]></category>
		<category><![CDATA[Mental Health]]></category>
		<category><![CDATA[Public health]]></category>
		<category><![CDATA[SAMHSA]]></category>
		<category><![CDATA[United States]]></category>
		<guid isPermaLink="false">https://111things.com/?p=924662</guid>

					<description><![CDATA[HHS opened more than $281 million in SAMHSA grant opportunities for treatment, schools, recovery and overdose response across the country.]]></description>
										<content:encoded><![CDATA[<p>The Department of Health and Human Services said on July 6 that the Substance Abuse and Mental Health Services Administration is opening more than $281 million in funding opportunities across 15 grant programs. The round is aimed at addiction treatment, overdose prevention, mental health care, school-based services, recovery supports, and related workforce needs.</p>
<p>This is an application opportunity, not a final award list. States, local providers, schools, nonprofits, hospitals, and other eligible organizations still have to apply and compete for the money before any funds reach local programs.</p>
<h2>What the grants are meant to cover</h2>
<p><a href="https://www.hhs.gov/press-room/samhsa-announces-281-million-funding-opportunities-address-addiction-overdose-mental-illness-promote-recovery.html" rel="nofollow noopener" target="_blank">HHS</a> said the new round supports substance use disorder treatment, overdose prevention and response, mental health and suicide prevention, trauma-informed care, integrated care, recovery supports, first responder training, privacy education, and workforce development. Reuters independently confirmed the same-day announcement and reported that the funding spans 15 programs.</p>
<p>The largest single opportunity is $68.2 million for medication-assisted treatment tied to opioid use disorder. Other programs include school mental-health infrastructure, trauma services for children and youth, campus suicide prevention, community overdose prevention, recovery support services, integrated physical and behavioral health care, and education tied to federal behavioral-health privacy rules.</p>
<h2>Why this matters nationally</h2>
<p>For households, the practical question is whether local systems can use federal grants to expand access to care that can be hard to find or slow to reach. In many places, that means more treatment slots, better overdose response, stronger school mental-health support, and more training for workers who deal with behavioral-health crises.</p>
<p>For schools, the grants could help districts and colleges build or strengthen mental-health programs, train staff, and connect students to services earlier. For public-health agencies and community nonprofits, the money could help support recovery programs, prevention work, and integrated care models that try to keep people from falling through the cracks.</p>
<p>The timing matters. A funding announcement does not mean services change overnight. Applicants still have to submit proposals, HHS has to review them, and awards have to be finalized before communities see the impact. The next major development will be the list of grantees and the breakdown of how much each program receives.</p>
<p>Readers should watch for follow-up notices from HHS and SAMHSA naming awardees, along with any state-by-state or program-by-program allocations. Those later releases will show which communities are likely to see the first measurable impact from this round of federal behavioral-health funding.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://www.hhs.gov/press-room/samhsa-announces-281-million-funding-opportunities-address-addiction-overdose-mental-illness-promote-recovery.html" rel="nofollow noopener" target="_blank">U.S. Department of Health and Human Services press release: SAMHSA announces $281 million in funding opportunities</a></li>
<li><a href="https://www.investing.com/news/stock-market-news/us-makes-available-281-million-in-grants-for-addiction-and-mental-health-programs-4777800" rel="nofollow noopener" target="_blank">Reuters report syndicated by Investing.com on the SAMHSA grant announcement</a></li>
</ul>
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		<title>Fullscript leases 171,862 sq. ft. at Chandler Airpark 202—what’s next</title>
		<link>https://111things.com/biz/fullscript-leases-171862-sq-ft-at-chandler-airpark-202-whats-next/</link>
					<comments>https://111things.com/biz/fullscript-leases-171862-sq-ft-at-chandler-airpark-202-whats-next/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Mon, 06 Jul 2026 07:14:44 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Chandler, AZ]]></category>
		<category><![CDATA[Economic Development]]></category>
		<category><![CDATA[Healthcare Technology]]></category>
		<category><![CDATA[Industrial Real Estate]]></category>
		<category><![CDATA[Workforce and Employment]]></category>
		<guid isPermaLink="false">https://111things.com/?p=924397</guid>

					<description><![CDATA[Chandler says Fullscript leased 171,862 square feet at Chandler Airpark 202 and will relocate employees from its existing Phoenix location to Chandler, citing demand for Class A industrial space.]]></description>
										<content:encoded><![CDATA[<p>The City of Chandler says <strong>Fullscript has leased 171,862 square feet</strong> of industrial space at <strong>Chandler Airpark 202</strong>, as the Airpark employment area continues to attract companies seeking modern industrial facilities.</p>
<p>In its June 25, 2026 announcement, Chandler says Fullscript will <strong>occupy a newly constructed facility</strong> in the Airpark employment area and <strong>relocate employees from its existing Phoenix location to Chandler</strong>.</p>
<h2>Lease details: the space Fullscript is taking</h2>
<p>Chandler’s release says the agreement covers <strong>171,862 square feet</strong> at <strong>Chandler Airpark 202</strong>. The city frames the move as reflecting <strong>continued demand for Class A industrial space</strong> and Chandler’s support for expanding companies.</p>
<h2>Relocation from Phoenix: what’s known (and not known)</h2>
<p>Chandler’s statement says the project involves a <strong>relocation of employees</strong> from Fullscript’s existing Phoenix operation to Chandler, but it <strong>does not</strong> specify how many employees are moving, which roles are included, or a move-in date.</p>
<p>For workers and relocators, the practical next step is to watch for company updates on roles, schedules, and where employees will be based once the Chandler facility is ready.</p>
<h2>Why Chandler’s Airpark area matters for growth</h2>
<p>Chandler describes the Airpark Area as a <strong>fast-growing employment corridor</strong> with <strong>direct access to Loop 202</strong> and <strong>new Class A office and industrial properties</strong>, plus land available for <strong>build-to-suit</strong> projects.</p>
<p>The city also highlights that the Airpark is anchored by <strong>Chandler Municipal Airport</strong> and covers about <strong>nine square miles</strong>.</p>
<h2>Third-party context on Airpark 202</h2>
<p>Reporting by the <strong><a href="https://www.bizjournals.com/phoenix/news/2026/04/27/fullscript-leases-chandler-industrial.html" rel="nofollow noopener" target="_blank">Phoenix Business Journal</a></strong> says <strong>Chandler Airpark 202</strong> is a <strong>four-building, 400,000-square-foot</strong> project that is <strong>100% leased</strong>. The outlet also describes Fullscript’s deal as <strong>the largest industrial lease in Chandler since 2023</strong>.</p>
<h2>What to watch next</h2>
<ul>
<li>Any Fullscript communications about which teams are relocating and timing.</li>
<li>Follow-up Chandler updates on additional industrial tenant activity in the Airpark employment area.</li>
</ul>
<h2>Sources</h2>
<ul>
<li><a href="https://www.chandleraz.gov/news-center/fullscript-leases-171862-square-feet-chandler-airpark-202-expands-operations-chandler" rel="nofollow noopener" target="_blank">City of Chandler news release: Fullscript leases 171,862 sq. ft. at Chandler Airpark 202 (June 25, 2026)</a></li>
<li><a href="https://www.bizjournals.com/phoenix/news/2026/04/27/fullscript-leases-chandler-industrial.html" rel="nofollow noopener" target="_blank">Phoenix Business Journal: Fullscript lease coverage (third-party context)</a></li>
</ul>
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		<title>Goldhofer plant brings 80 jobs to Catawba County</title>
		<link>https://111things.com/biz/goldhofer-plant-brings-80-jobs-to-catawba-county/</link>
					<comments>https://111things.com/biz/goldhofer-plant-brings-80-jobs-to-catawba-county/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Mon, 06 Jul 2026 00:03:14 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Economic Development]]></category>
		<category><![CDATA[Hickory, NC]]></category>
		<category><![CDATA[Manufacturing]]></category>
		<category><![CDATA[Newton, NC]]></category>
		<guid isPermaLink="false">https://111things.com/?p=924325</guid>

					<description><![CDATA[Goldhofer will build its first North American plant in Hickory, bringing 80 jobs and a county incentive deal tied to 2030 targets.]]></description>
										<content:encoded><![CDATA[<p>Goldhofer Inc. will build its first North American assembly and production facility in Hickory, and the project carries real weight for Catawba County. Gov. Josh Stein said June 30 that the German manufacturer plans 80 new jobs and more than $19.5 million in investment at Trivium Corporate Center. The company makes heavy transport and airport ground support equipment.</p>
<p>For Newton readers, the practical effect is countywide: the project adds another industrial employer to the Hickory-Newton corridor and could create demand for contractors, suppliers, and nearby businesses. That is an inference from the project’s location and scale, but it is the main local takeaway for people outside Hickory city limits.</p>
<h2>County incentives came with job and investment targets</h2>
<p>Catawba County records show a June 30 public hearing and resolution tied to the project. The county packet says Goldhofer sought incentives to support at least a $22.5 million investment on Lot 5 of Trivium Corporate Center by Dec. 31, 2030, along with at least 80 new jobs by that date. The jobs must be maintained for three years, and the agreement includes performance requirements and clawback provisions.</p>
<p>The <a href="https://governor.nc.gov/news/press-releases/2026/06/30/goldhofer-inc-selects-hickory-its-us-headquarters-and-first-north-american-production-facility" rel="nofollow noopener" target="_blank">governor</a>’s office said the new Hickory facility will include an initial 80,000-square-foot production hall, and the Charlotte Observer reported the jobs are expected to be filled by 2030. The public record suggests a longer-term manufacturing buildout, not an overnight hiring surge.</p>
<h2>What Newton readers should watch</h2>
<p>The main question now is whether the project turns into steady work for local contractors, suppliers, and workers across the Hickory-Newton area. The county has already tied public incentives to investment and job targets, so the next update should come from site progress, permitting, or economic-development follow-through.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://governor.nc.gov/news/press-releases/2026/06/30/goldhofer-inc-selects-hickory-its-us-headquarters-and-first-north-american-production-facility" rel="nofollow noopener" target="_blank">NC Governor press release on Goldhofer&#039;s Hickory project</a></li>
<li><a href="https://catawbacountync.gov/site/assets/files/2297/6_30_26_special_meeting-catawba_county_boc.pdf" rel="nofollow noopener" target="_blank">Catawba County Board of Commissioners special meeting agenda and resolution</a></li>
<li><a href="https://www.charlotteobserver.com/news/business/article316327580.html" rel="nofollow noopener" target="_blank">Charlotte Observer business report on Goldhofer</a></li>
<li><a href="https://www.bizjournals.com/triad/news/2026/06/30/goldhofer-hickory-nc-jobs-german-manufacturing.html" rel="nofollow noopener" target="_blank">Triad Business Journal report on Goldhofer&#039;s Hickory investment</a></li>
</ul>
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		<title>Raleigh approves Atlantic Union Bank naming rights for convention center</title>
		<link>https://111things.com/biz/raleigh-approves-atlantic-union-bank-naming-rights-for-convention-center/</link>
					<comments>https://111things.com/biz/raleigh-approves-atlantic-union-bank-naming-rights-for-convention-center/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Sun, 05 Jul 2026 19:44:56 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[City Council]]></category>
		<category><![CDATA[Convention Center]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[Downtown Raleigh]]></category>
		<category><![CDATA[Raleigh, NC]]></category>
		<guid isPermaLink="false">https://111things.com/?p=924280</guid>

					<description><![CDATA[Raleigh City Council approved the Atlantic Union Bank naming-rights deal for the convention center, with the downtown venue still set for expansion.]]></description>
										<content:encoded><![CDATA[<p>Raleigh City Council has approved the naming-rights deal for the Raleigh Convention Center, clearing the way for the venue to be called the Atlantic Union Bank Convention Center. The council voted 8-0 on June 16 after a public hearing, according to the city’s official highlights.</p>
<p>The deal gives Raleigh an annual naming-rights fee of $525,000, with the payment rising 2% each year during the initial 15-year term. The agreement also includes the option for two five-year extensions.</p>
<h2>Why this matters beyond the new name</h2>
<p>The convention center is part of the Raleigh Convention and Performing Arts Complex, and the city says Red Hat Amphitheater will shift one block south to make room for convention center expansion. That keeps the Salisbury Street area in the middle of a larger downtown redevelopment effort.</p>
<p>For residents and downtown businesses, the practical impact goes beyond branding. The project points to more construction activity, a changed event footprint, and a closer link between city-owned venues and private sponsorship money.</p>
<h2>What changes next</h2>
<p>The naming-rights vote is done, but the broader work is not. The city still has to carry out the agreement, and the expansion and amphitheater relocation will move on their own schedules. Downtown workers, nearby restaurants, hotels, and eventgoers should expect the area around the convention center to remain in transition for a while longer.</p>
<p>What to watch next: the final agreement details, the expansion timeline, and how the amphitheater move affects traffic, parking, and event patterns around the convention center.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://raleighnc.gov/government/services/city-council-highlights" rel="nofollow noopener" target="_blank">City of Raleigh — City Council Highlights</a></li>
<li><a href="https://www.wunc.org/term/news/2026-06-15/raleigh-convention-center-renaming-proposal" rel="nofollow noopener" target="_blank">WUNC News — Raleigh convention center renaming proposal</a></li>
<li><a href="https://www.wral.com/news/local/raleigh-convention-center-downtown-raleigh-staple-could-be-renamed-june-2026/" rel="nofollow noopener" target="_blank">WRAL — Raleigh convention center renaming proposal</a></li>
</ul>
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		<title>Small employers lag behind the flat JOLTS headline</title>
		<link>https://111things.com/biz/small-employers-lag-behind-the-flat-jolts-headline/</link>
					<comments>https://111things.com/biz/small-employers-lag-behind-the-flat-jolts-headline/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Sun, 05 Jul 2026 19:22:21 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Jobs]]></category>
		<category><![CDATA[Labor Market]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[United States]]></category>
		<guid isPermaLink="false">https://111things.com/?p=924273</guid>

					<description><![CDATA[United States Small Business and Main Street Economy - May job openings were flat overall, but firms with 1 to 9 workers saw openings and hires fall.]]></description>
										<content:encoded><![CDATA[<p>The latest Job Openings and Labor Turnover Survey, published June 30, 2026, showed a labor market that was steady on the top line but softer for the smallest employers. Total U.S. job openings were 7.594 million in May, and <a href="https://www.bls.gov/news.release/jolts.nr0.htm" rel="nofollow noopener" target="_blank">BLS</a> said openings and hires were unchanged overall from April.</p>
<h2>Why the small-business number matters</h2>
<p>The Main Street detail is in BLS size-class Table 7. Among private employers with 1 to 9 workers, job openings fell to 1.359 million in May from 1.491 million in April, and hires slipped to 680,000 from 707,000.</p>
<p>That is a smaller slice of the labor market than the headline total, but it is the part many small owners feel first when they are trying to fill one or two open spots. AP described the report as a resilient but not especially hot labor market, with employers advertising openings but not doing much hiring.</p>
<h2>What owners and workers should watch</h2>
<p>The data does not say small employers stopped hiring, and it does not prove why their numbers weakened. It does show that the broad labor-market headline can hide a tougher staffing environment for the smallest firms. For owners, that can mean longer searches, more pressure on existing staff, and more competition on pay, scheduling, and flexibility. For job seekers, it can mean openings are still there, but the odds can vary a lot by company size.</p>
<p>The next BLS JOLTS release is scheduled for August 4, 2026. Until then, the practical question for Main Street is not just whether openings stay high, but whether small employers can actually turn those openings into hires.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://www.bls.gov/news.release/jolts.nr0.htm" rel="nofollow noopener" target="_blank">Bureau of Labor Statistics — JOLTS news release (May 2026)</a></li>
<li><a href="https://apnews.com/article/job-openings-labor-layoffs-2947b00cdf3fadacf28c50ad508a6502" rel="nofollow noopener" target="_blank">AP — Report on the May job-openings release</a></li>
</ul>
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		<title>USDA says grocery costs will keep rising, with beef still a pressure point</title>
		<link>https://111things.com/biz/usda-says-grocery-costs-will-keep-rising-with-beef-still-a-pressure-point/</link>
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		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Sun, 05 Jul 2026 19:03:47 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[consumer costs]]></category>
		<category><![CDATA[Food prices]]></category>
		<category><![CDATA[Grocery Prices]]></category>
		<category><![CDATA[household budgets]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[United States]]></category>
		<guid isPermaLink="false">https://111things.com/?p=924267</guid>

					<description><![CDATA[United States Consumer Costs and Household Budgets - USDA’s June outlook says grocery prices should keep edging up in 2026, with beef remaining one of the biggest household-budget pressure points. ([ers.usda.gov](https://ers.usda.gov/data-products/food-price-outlook/summary-findings?ncid=txtlnkusaolp00000618&#38;utm_source=openai))]]></description>
										<content:encoded><![CDATA[<p>USDA’s June 2026 Food Price Outlook says household grocery bills are still headed higher this year, even if inflation is cooler than the peak surge of 2022 and 2023. The agency now expects food-at-home prices to rise 2.8% in 2026, while food-away-from-home prices are forecast to rise 3.6%.</p>
<p>Beef remains the standout pressure point. USDA says beef and veal prices were 12.9% higher in May 2026 than a year earlier, and the agency says the U.S. cattle herd has fallen to its lowest level in 75 years while consumer demand has stayed strong. USDA’s June forecast puts beef and veal prices up 7.5% for 2026.</p>
<h2>What is still running hot</h2>
<p>USDA says other food-at-home categories expected to rise faster than their long-run average include fish and seafood, fresh fruits, fresh vegetables, processed fruits and vegetables, sugar and sweets, and nonalcoholic beverages. Eggs, dairy products, and fats and oils are forecast to decline in 2026 compared with 2025.</p>
<p>That means the pressure is uneven, not universal. A grocery cart built around beef, produce, drinks, and sweets is likely to feel costlier than one built around categories that are cooling or moving more slowly.</p>
<h2>The broader inflation picture</h2>
<p>The latest <a href="https://www.bls.gov/opub/ted/2026/consumer-prices-up-4-2-percent-over-the-year-ended-may-2026.htm" rel="nofollow noopener" target="_blank">BLS</a> Consumer Price Index report shows overall consumer prices were up 4.2% from May 2025 to May 2026. Food prices rose 3.1% over that span, with food at home up 2.7% and food away from home up 3.5%.</p>
<p>For households, that is the practical takeaway: grocery inflation is no longer surging at pandemic-era levels, but it is still rising enough to keep budgets tight, especially for families that buy a lot of beef or fresh produce.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://ers.usda.gov/data-products/food-price-outlook/summary-findings?ncid=txtlnkusaolp00000618" rel="nofollow noopener" target="_blank">USDA ERS Food Price Outlook — Summary Findings</a></li>
<li><a href="https://www.bls.gov/opub/ted/2026/consumer-prices-up-4-2-percent-over-the-year-ended-may-2026.htm" rel="nofollow noopener" target="_blank">BLS TED: Consumer Prices Up 4.2 Percent Over the Year Ended May 2026</a></li>
<li><a href="https://www.pbs.org/newshour/economy/u-s-grocery-prices-rose-in-april-but-gas-spikes-werent-the-only-reason" rel="nofollow noopener" target="_blank">PBS News / Associated Press: Grocery prices context report</a></li>
</ul>
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		<title>USMCA review adds uncertainty for Laredo trade economy</title>
		<link>https://111things.com/biz/usmca-review-adds-uncertainty-for-laredo-trade-economy/</link>
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		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Sun, 05 Jul 2026 12:09:33 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Laredo, TX]]></category>
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					<description><![CDATA[Laredo businesses are facing fresh uncertainty after Washington said it won’t renew USMCA in its current form, even as the pact stays in force.]]></description>
										<content:encoded><![CDATA[<p>On July 2, the U.S. Trade Representative said the United States would not renew the USMCA in its current form. The agreement remains in force while the three countries continue talks.</p>
<p>For Laredo, that matters because the city’s economy is tied to cross-border trade. Local reporting from the <a href="https://www.lmtonline.com/local/article/laredo-usmca-review-trade-concerns-raymond-trump-22330594.php" rel="nofollow noopener" target="_blank">Laredo Morning Times</a> said Mayor Victor Treviño, Port of Entry Advisory Committee Chairman Jerry Maldonado, and U.S. Rep. Henry Cuellar all warned that uncertainty could delay investment, hiring, and expansion plans.</p>
<p>That does not mean freight stops moving. LMT reported that trade continues through the Port of Laredo, and <a href="https://www.tpr.org/economy-and-labor/2026-07-01/trump-administration-wont-renew-usmca-raising-risks-of-higher-prices-and-lost-jobs-for-texas" rel="nofollow noopener" target="_blank">Texas Public Radio</a> reported the review could still create higher-price and lost-jobs risks for Texas if it drags on.</p>
<p>The immediate question for Laredo businesses is not whether the border is open. It is how long firms will be willing to wait before making long-term decisions on trucks, warehouse space, and staffing while the review continues.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://www.kgns.tv/2026/07/02/laredo-leaders-warn-usmca-uncertainty-threatens-jobs-cross-border-trade/" rel="nofollow noopener" target="_blank">KGNS: Laredo leaders warn USMCA uncertainty threatens jobs, cross-border trade</a></li>
<li><a href="https://www.lmtonline.com/local/article/laredo-usmca-review-trade-concerns-raymond-trump-22330594.php" rel="nofollow noopener" target="_blank">Laredo Morning Times: Laredo USMCA review and trade concerns</a></li>
<li><a href="https://ustr.gov/about/policy-offices/press-office/press-releases/2026/july/american-farmers-ranchers-manufacturers-and-businesses-applaud-president-trump-not-rubber-stamping" rel="nofollow noopener" target="_blank">U.S. Trade Representative July 2, 2026 statement on USMCA</a></li>
<li><a href="https://www.tpr.org/economy-and-labor/2026-07-01/trump-administration-wont-renew-usmca-raising-risks-of-higher-prices-and-lost-jobs-for-texas" rel="nofollow noopener" target="_blank">Texas Public Radio: USMCA risks for Texas prices and jobs</a></li>
<li><a href="https://apnews.com/article/d67daaffd060aaafc038d9ee6584e9a8" rel="nofollow noopener" target="_blank">Associated Press: USMCA review coverage</a></li>
</ul>
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		<title>Los Angeles approves Fourth &#038; Central project near Skid Row and the Arts District</title>
		<link>https://111things.com/biz/los-angeles-approves-fourth-central-project-near-skid-row-and-the-arts-district/</link>
					<comments>https://111things.com/biz/los-angeles-approves-fourth-central-project-near-skid-row-and-the-arts-district/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Sun, 05 Jul 2026 11:23:11 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[Downtown Los Angeles]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Los Angeles, CA]]></category>
		<guid isPermaLink="false">https://111things.com/?p=924177</guid>

					<description><![CDATA[Los Angeles City Council approved Fourth &#38; Central on June 30 and the clerk sent the file to the mayor on July 1, putting the 1,589-unit downtown project on the mayor’s desk until July 13.]]></description>
										<content:encoded><![CDATA[<p>Los Angeles City Council approved the Fourth &amp; Central project on June 30, and the City Clerk transmitted the file to the mayor on July 1. The mayor has until July 13, 2026, to act on the downtown development.</p>
<p>The project site is at 400 S. Central Ave., in a corridor near Skid Row, Little Tokyo and the Arts District. It is now a collection of cold storage facilities, parking lots and warehouses that city records show would be replaced by a mixed-use complex.</p>
<h2>What the city approved</h2>
<p>Official city records describe a plan with 1,589 residential units, 411,113 square feet of office space, 145,748 square feet of retail and restaurant space, and about two acres of publicly accessible open space. The proposed buildings would rise as high as 364 feet.</p>
<p>The <a href="https://planning.lacity.gov/development-services/eir/fourth-central-project" rel="nofollow noopener" target="_blank">Planning</a> Department report says the project would span about eight acres and include 10 distinct buildings. Local reporting from the Los Angeles Times and Urbanize LA says the development would transform the former cold-storage property into a major downtown mixed-use project.</p>
<h2>Why the site drew attention</h2>
<p>Fourth &amp; Central has drawn close watch because of its location and scale. The project sits at the edge of neighborhoods where development pressure, traffic, transit access and gentrification concerns already shape daily life.</p>
<p>The city report says the project is designed to place housing and jobs near transit and existing utility infrastructure. Supporters see that as a plus. Critics have focused on the scale of the project and what it could mean for nearby streets and surrounding communities.</p>
<h2>What happens next</h2>
<p>The council vote was not the end of the process. The file is now with the mayor, and the deadline to act is July 13. After that, the project can move into the next permitting and construction steps if it remains approved.</p>
<p>For downtown Los Angeles, this is one of the biggest recent land-use decisions: more housing, more commercial space, and a much larger footprint at one of the city’s most visible redevelopment sites.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://cityclerk.lacity.org/lacityclerkconnect/index.cfm?cfnumber=26-0047-S2&amp;fa=ccfi.viewrecord" rel="nofollow noopener" target="_blank">Los Angeles City Clerk council file 26-0047-S2</a></li>
<li><a href="https://planning.lacity.gov/development-services/eir/fourth-central-project" rel="nofollow noopener" target="_blank">Los Angeles City Planning Fourth &amp; Central project page</a></li>
<li><a href="https://www.latimes.com/business/story/2026-07-01/city-approves-downtown-la-mega-development" rel="nofollow noopener" target="_blank">Los Angeles Times report on the Fourth &amp; Central approval</a></li>
<li><a href="https://la.urbanize.city/post/la-city-council-approves-2-billion-fourth-central-development" rel="nofollow noopener" target="_blank">Urbanize LA report on Fourth &amp; Central</a></li>
</ul>
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		<title>CapMetro strike vote puts Austin bus riders on alert</title>
		<link>https://111things.com/biz/capmetro-strike-vote-puts-austin-bus-riders-on-alert/</link>
					<comments>https://111things.com/biz/capmetro-strike-vote-puts-austin-bus-riders-on-alert/#respond</comments>
		
		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Sun, 05 Jul 2026 02:39:31 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Austin, TX]]></category>
		<category><![CDATA[commuting]]></category>
		<category><![CDATA[labor]]></category>
		<category><![CDATA[transit]]></category>
		<category><![CDATA[transportation]]></category>
		<guid isPermaLink="false">https://111things.com/?p=924117</guid>

					<description><![CDATA[Austin TX - CapMetro bus workers backed a 99.5% strike authorization vote, but no walkout has started. Riders should watch for service updates if talks stay stuck.]]></description>
										<content:encoded><![CDATA[<p>Austin commuters face a new disruption risk after <a href="https://www.atu.org/" rel="nofollow noopener" target="_blank">Amalgamated Transit Union</a> Local 1091 said 99.5% of members voted on June 30 to authorize a strike if stalled contract talks with Keolis do not produce a deal. The vote does not shut down buses by itself, but it raises the chance of service disruption for <a href="https://www.capmetro.org/public-involvement/board-meetings" rel="nofollow noopener" target="_blank">CapMetro</a> riders if the dispute deepens.</p>
<p>The conflict involves Keolis Transit Services, the contractor that runs CapMetro bus operations and maintenance under contract 500100. CapMetro’s contract records show the deal is effective from Jan. 1, 2024, through Dec. 31, 2026. The union says the bargaining dispute includes pay, benefits, training and time off.</p>
<h2>What is confirmed now</h2>
<p>No strike has started, and the authorization vote is not the same as a shutdown. It gives union leaders the option to call a walkout later if talks fail. For now, the main issue is uncertainty. Riders who depend on bus routes for work, school, downtown trips or airport connections should not assume the schedule will stay normal without checking first.</p>
<p>The potential impact is especially sensitive around the University of Texas, where the union says its members also cover shuttle operations. If service is interrupted, the first people to feel it are likely to be daily riders, shift workers and students who do not have an easy backup trip. Downtown employers and nearby businesses could also see slower arrivals or more parking demand if a strike or partial disruption pushes more people into cars and rideshares.</p>
<h2>What Austin should watch next</h2>
<p>Riders and employers should watch for the next sign of movement: a bargaining update, a CapMetro service alert or a board discussion. The safest move for anyone who relies on transit is to check for changes before leaving home and to have a fallback plan ready if the two sides do not reach an agreement.</p>
<p>For Austin, this is now a live labor dispute rather than a theoretical one. The strike vote is a warning that negotiations have not yet resolved the core issues, and the practical stakes are straightforward: bus riders, UT shuttle users and downtown commuters could feel the effects quickly if talks break down.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://www.austinchronicle.com/news/capmetro-employees-threaten-to-go-on-strike/" rel="nofollow noopener" target="_blank">The Austin Chronicle — CapMetro employees threaten to go on strike</a></li>
<li><a href="https://app.capmetro.org/opencontracts/OpenContracts/Details/500100" rel="nofollow noopener" target="_blank">CapMetro Open Contracts — Contract Details for Keolis Transit Services, LLC</a></li>
<li><a href="https://www.capmetro.org/public-involvement/board-meetings" rel="nofollow noopener" target="_blank">CapMetro — Board Meetings</a></li>
<li><a href="https://www.atu.org/" rel="nofollow noopener" target="_blank">Amalgamated Transit Union — ATU national site and Local 1091 news item</a></li>
</ul>
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		<title>U.S. consumers kept spending in May, but inflation stayed sticky above 4%</title>
		<link>https://111things.com/biz/u-s-consumers-kept-spending-in-may-but-inflation-stayed-sticky-above-4/</link>
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		<dc:creator><![CDATA[Brian Bateman]]></dc:creator>
		<pubDate>Sat, 04 Jul 2026 19:03:57 +0000</pubDate>
				<category><![CDATA[Biz]]></category>
		<category><![CDATA[Local Headlines]]></category>
		<category><![CDATA[Consumer Spending]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Main Street Economy]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[United States]]></category>
		<guid isPermaLink="false">https://111things.com/?p=924052</guid>

					<description><![CDATA[United States Small Business and Main Street Economy - May spending rose 0.7% and the PCE price index was 4.1% higher than a year ago, keeping pressure on Main Street budgets and Fed watchers.]]></description>
										<content:encoded><![CDATA[<p>U.S. consumers kept spending in May even as inflation stayed sticky, a mix that helps explain why Main Street businesses still have customers but not always easier sales. The Bureau of Economic Analysis said personal income, disposable personal income and personal consumption expenditures each rose 0.7% in May. The PCE price index was 0.4% higher than April and 4.1% higher than a year earlier.</p>
<h2>Spending is holding up, but shoppers are careful</h2>
<p>That is the split-screen economy many small businesses are living with. Households are still buying, but they are more price-sensitive about where and how they spend. A restaurant can still see steady traffic while customers skip extras. A retailer can keep items moving by leaning on promotions, tighter pricing or a narrower mix. The report does not point to a consumer pullback. It points to active shoppers who are still feeling budget pressure.</p>
<p><a href="https://www.bea.gov/news/2026/personal-income-and-outlays-may-2026" rel="nofollow noopener" target="_blank">BEA</a> also said real PCE rose 0.3% after adjusting for inflation. That matters because it shows demand did not rise only because prices went up. People were still buying more goods and services, but the increase was modest.</p>
<h2>Why the Fed and small businesses are watching</h2>
<p>The PCE index is the Federal Reserve’s preferred inflation gauge, so this report matters for interest-rate expectations as well as household budgets. When spending stays firm while prices remain elevated, policymakers get less room to assume inflation will cool on its own. That does not guarantee any rate move. It does mean the Fed still faces a difficult balancing act.</p>
<p>For small businesses, the practical takeaway is straightforward: customers are still there, but they are harder to win and easier to lose. That can keep sales volumes moving while squeezing margins, especially for firms facing higher labor, freight or financing costs.</p>
<h2>What to watch next</h2>
<p>BEA’s next personal income and outlays release is scheduled for July 30. Until then, households and business owners will be watching whether inflation cools faster than spending, or whether prices keep doing the most damage even as demand holds up.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://www.bea.gov/news/2026/personal-income-and-outlays-may-2026" rel="nofollow noopener" target="_blank">U.S. Bureau of Economic Analysis — Personal Income and Outlays, May 2026</a></li>
<li><a href="https://apnews.com/article/d9348cc01b41c8de31051acf1b39268f" rel="nofollow noopener" target="_blank">Associated Press — Inflation gauge and affordability pressure</a></li>
<li><a href="https://www.axios.com/2026/06/25/inflation-consumer-spending-interest-rates" rel="nofollow noopener" target="_blank">Axios — Stronger spending and hotter inflation put pressure on the Fed</a></li>
</ul>
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