Wednesday, October 01, 2014 02:01am
North Adams, MA now: 61 °   
Send news, tips, press releases and questions to info@iBerkshires.com
The Berkshires online guide to events, news and Berkshire County community information.
SIGN IN | REGISTER NOW   

Home About Archives RSS Feed
What will the Berkshires look like in 20 or 25 years?
By: Allen Jezouit, @BerkshireCountyBusiness On: 08:00AM / Tuesday August 10, 2010
Important
0
Interesting
0
Funny
0
Awesome
0
Infuriating
0
Ridiculous
0

I read with some interest an article on iBerkshires entitled Economic Expert Says Pittsfield Economy Weakened (Nicole Dupont, 8/2/2010). The picture presented by Charles Murray of the American Institute for Economic Research is not a pretty one.

“We look at wages and employment,” he said. “And we’ve concluded that the strongest areas have multiple primary industries such as farming, transportation and manufacturing. The weakest have smaller populations, an overdependence on a primary industry, or are overly reliant on consumptive industries such as tourism, construction, large local governments, services and retail trade.”

Later in the article, Ms. Dupont quoted an interesting comparison Mr. Murray made between the economies of Pittsfield and Fargo, ND. Evidently both cities were ranked similarly in 2004 with Pittsfield at #100 of the 366 metro areas studied and Fargo at #95. Since then, Pittsfield's economy has fallen to #245 while Fargo's has improved to #25. Mr. Murray attributed this substantial shift to Fargo focusing on primary industries (manufacturing, agriculture, and finance) while Pittsfield focused on consumptive industries (tourism, retail, and culture). Further, Mr. Murray suggested that our aging population locally is also a substantial drain on our economy. While not providing a comparison with Fargo on this factor, Mr. Murray pointed out that Pittsfield's aging population cashed over $400 million in Social Security checks in 2009.

So, where will Pittsfield and the rest of the Berkshires be in 2030 or 2035? Based on our recent past, the trend lines are not encouraging. Yet, on the one hand, Massachusetts was ranked a stunning #5 of the 50 states in "best places to do business" study by CNBC recently. And, on the other hand, for the "cost of doing business" portion of CNBC's evaluation, MA ranked #45 out of 50. Cost, of course, is a huge driving factor in any corporate investment decision. MA just isn't competitive for new investment by primary industries and we have no raw materials to exploit on the scale and scope required for massive investment. If we are going to reverse the trends, we need to address the fundamental cost of doing business issues that we have allowed to flourish here over time. (It was really easy to write that last sentence, but boy is it a mouthful!)

The 6th grade class at Williamstown Elementary School will have 45 kids in it this year, which is down from about 90 just 4 or 5 years ago. Half! Are other communities in Berkshire County seeing the same thing? Are we really on the right track here? We seem to know how to bring people to Berkshire County for a weekend in October, but we can't seem to figure out how to bring them here for a lifetime.



0 Comments
Tags: Berkshire County      
News Headlines
Clarksburg Officials Frustrated by Financial Blunders
Gift Sculpture Installed in Williams' Restored Reading Room
Mohawk Trail Centennial Dedication Set for Saturday
Uncertainty Surrounds Dunkin' Donation of Pittsfield Church
Clarksburg Golf Course Work in Danger of Shutdown
Pittsfield Board Revokes Unused Liquor License
Letters: Thank You, Thank You, Thank You
Adams Board of Health Raises Permitting Fees
Dunkin' Donuts Withdraws Pittsfield Church Demolition Plan
NBBPW to Honor Marilyn Faulkner


Categories:
Economy (11)
Finance (4)
Marketing (17)
Sales (4)
Archives:
Tags:
Books Nobel Prize Small Business Marketing Custom Business Solutions Berkshire Direct Civil Liberties Chamber Of Commerce Sales Financials Education Economy Security Ecommerce Advertising Web Security Williamstown Berkshire County Social Media Cash Flow Analysis Survey Marketing Entrepreneur Cnbc Public Safety Measure Search Engine Optimization Seo Budget Massachusetts Deficit Election Facebook Unemployment Bigcommerce Seminar
Popular Entries:
JC Penney and "black hat" SEO
Why does "Tea Party" have to equal "Right Wing" or "extremist"?
Easier and easier
Holy cow!
Nobel Prize in Economics Awarded for Theory on Why Unemployment Remains So High
What will the Berkshires look like in 20 or 25 years?
Chamber Seminar: Email Marketing
Leadership
Is anyone else feeling this way?
WE HAVE TO BE BETTER, WE LIVE HERE.
Recent Entries:
Chamber Seminar: Email Marketing
That didn't take long
Holy cow!
JC Penney and "black hat" SEO
Easier and easier
Chamber Seminar on eCommerce
Gotta love 2011 so far!
Mass., NY could lose more seats in Congress
The 12 Days of Holiday Revenue Maximization for Your Online Store
5 New Online Services Perfect for Small Businesses


View All
Girls Soccer: Wahconah vs...
Monday afternoon girls soccer game between Wahconah and...
Golf: Drury vs Pittsfield
Nick Boulger carded a 40 to lead the Drury High School golf...
Bike Night 2014
Motorcycles packed into the Visitor Center parking lot...
Girls Soccer: Pittsfield vs...
Trinity Cookis tallied three of Pittsfield’s seven goals...
Soccer: PHS vs Taconic
Pittsfield boys, top Taconic 5-0
Football: Smith Voc vs McCann...
McCann over Smith Voc. 53-0.
Soccer: St. Joe's vs Taconic
St. Joe 1, Taconic 1: 1st half: Tac - Ryan Abel (Colin...
McCann Tech Golf
The McCann Tech golf team dropped a 19-5 decision to...
Girls Soccer: Hoosac vs Mt....
Rand made two of her six saves in the last six minutes, and...
Berkshire Works Career Fair...
The annual Berkshire Works Career Fair connected hundreds...
Soccer: Mount Everett vs...
Bradley Lupiani scored twice to lead the Mount Everett boys...
Cross Country at Wahconah
Boys:Wahconah beat Hoosac Valley 28-31; Lenox beat Hoosac...
Soccer: Commerce vs McCann
McCann Tech's Fuller Closing in on Hundredth Point. Nico...
UCP Annual Meeting 2014
United Cerebral Palsy of Berkshire County dedicated its...
Volleyball: St. Joe s vs...
Saint Joseph's 18 13 13 0 Wahconah 25 25 25 3
Girls Soccer: Mt Greylock vs...
The Wahconah girls soccer team earned its fifth straight...
Girls Soccer: Wahconah vs...
Monday afternoon girls soccer game between Wahconah and...
Golf: Drury vs Pittsfield
Nick Boulger carded a 40 to lead the Drury High School golf...
Bike Night 2014
Motorcycles packed into the Visitor Center parking lot...
Girls Soccer: Pittsfield vs...
Trinity Cookis tallied three of Pittsfield’s seven goals...
Soccer: PHS vs Taconic
Pittsfield boys, top Taconic 5-0
| Home | A & E | Business | Community News | Dining | Real Estate | Schools | Sports & Outdoors | Berkshires Weather | Weddings
Advertise | Recommend This Page | Help Contact Us | Privacy Policy| User Agreement
iBerkshires.com is owned and operated by: Boxcar Media 102 Main Street, North Adams, MA 01247 -- T. 413-663-3384 F.413-664-4251
© 2000 Boxcar Media LLC - All rights reserved