Whether they are the result of climate change or just freaks of nature, disasters can be costly. The NOAA National Centers for Environmental Information estimate that weather and climate disasters in the U.S. did nearly $93 billion in damage last year. “There’s really no place in the country that doesn’t have risk,” said Jeremy Porter, … Read more
Wherever you stand on the issue of climate change, chances are you are already paying for it. Take the cost of homeowners insurance, up 27% nationwide since 2021, according to data compiled by online insurance marketplace Insurify. And in some states, it’s far worse, like Louisiana, where premiums are projected to rise 23% this year … Read more
In this mobile world, we have more choices than ever about where to live. Companies in search of skilled workers know this, especially when there are far more open positions than there are workers available to fill them. That is why they consider quality of life when deciding where to locate. CNBC’s annual ranking of … Read more
The job market may have cooled a bit, but there are still far more job openings nationwide than there are people available to fill them. That means qualified workers are still a precious commodity. So, companies seeking to attract great employees like to set up shop in states that offer a great quality of life. … Read more
Inflation has come down considerably from its post-pandemic peak of 9% in 2022, and just went negative on a monthly basis for the first time since May 2020, but prices are still higher than Federal Reserve policymakers say is appropriate for a stable economy. Further hurting the ability to make ends meet: a growing insurance … Read more
How big of a deal is artificial intelligence? Russell Wald, deputy director of the Stanford Institute for Human-Centered Artificial Intelligence, likens it to the printing press. “This technology is a general purpose technology that’s going to affect everyone and everywhere,” he said. The mere fact Stanford has a whole institute devoted to AI is a … Read more
Inflation has loosened its grip considerably from a high of more than 9% in the wake of the pandemic. The first monthly decline since May 2020 in the June CPI reflects the progress bringing down prices. But it is still holding onto Americans’ wallets, and in some places tighter than others. The cost of living … Read more
With hundreds of billions of dollars in new federal infrastructure spending under the Bipartisan Infrastructure Law, the CHIPS and Science Act and the Inflation Reduction Act, companies are eager to cash in. And states are scrambling for their piece of the pie. “We have funding that goes to projects that come from every state, city, … Read more
Not since the New Deal has the U.S. government poured this kind of money into rebuilding America’s infrastructure. Companies and states are clamoring for their piece of that federal jackpot. That helps explain why infrastructure is the major topic of conversation in economic development circles this year, and why it also looms large in CNBC’s … Read more
Downtown Richmond, Virginia, skyline on the James River. Sean Pavone | Istock | Getty Images With the nation’s best education system and policies that give companies room — both literally and figuratively — to grow, Virginia is America’s Top State for Business in 2024. This is the Old Dominion’s sixth time at the top of … Read more
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