Troy Mix

"U.S. Economic Development Administration is discontinuing funding for the University Centers, Trade Adjustment Assistance to Firms, and STEM Talent Challenge programs"
ssti.org/blog/among-r...

U.S. Warehouse Vacancies Steady as Demand Rises With Less New Space The amount of vacant warehouse space in the U.S. held steady around an 11-year high in the third quarter, but it didn’t expand for the first time in three years as demand rose and the amount of newly ...

"amount of vacant warehouse space in the U.S. held steady around an 11-year high in the third quarter, but it didn’t expand for the first time in three years as demand rose and the amount of newly built space continued to fall"
www.wsj.com/articles/u-s...

Exclusive | A Devastating Fire at a Major Ford Supplier Will Disrupt Business for Months The Novelis plant supplies about 40% of aluminum sheet used in the auto industry.

As an #UpstateNY native, I'm obligated to report all national news from Oswego:
"A late-night fire leveled a key part of a New York aluminum plant in hours. Its absence is going to disrupt business at Ford and other automakers for months to come."
www.wsj.com/business/aut...

Evaluating the Impact of AI on the Labor Market: Current State of Affairs

"metrics indicate that the broader labor market has not experienced a discernible disruption since ChatGPT’s release 33 months ago, undercutting fears that AI automation is currently eroding the demand for cognitive labor'
budgetlab.yale.edu/research/eva...

Joseph Politano (@josephpolitano) Census financial data released today shows the AI investment boom reaching new record highs—information technology companies have increased their net holdings of property, plant, & equipment by more t...

"the AI investment boom [is] reaching new record highs" substack.com/@josephpolit...

And, some people are not quite ambulatory enough to safely and efficiently rely on bus routes alone

Which would you rather they test on live roadways first, robotaxis or robobuses?

Via, Waymo Team Up to Bring Robotaxis to Public Transit Systems EXCLUSIVE: Via Transportation and Alphabet’s Waymo are partnering to bring robotaxis to public transit, starting with a suburb of Phoenix.

"Via Transportation and Alphabet’s Waymo are partnering to bring robotaxis to public transit, starting with a suburb of Phoenix"
www.wsj.com/tech/via-way... via @WSJ

"South Korea's HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard"
www.reuters.com/world/asia-p...

Trump’s Team Explores Government-Backed Manufacturing Boost Discussions center on how to use money from a $550 billion fund to spur the construction of factories and other infrastructure in the U.S.

"the administration would use money from a $550 billion investment fund established as part of trade negotiations with Japan to invest in the development of semiconductors, pharmaceuticals, critical minerals, energy, ships and quantum computing"
www.wsj.com/politics/pol...

Very few of Waymo’s most serious crashes were Waymo’s fault I looked at 45 major Waymo crashes—most were human error.

"Waymo estimates that typical human drivers would have gotten into airbag-triggering crashes 159 times over 96 million miles in the cities where Waymo operates. Waymo, in contrast, got into only 34 airbag crashes"
open.substack.com/pub/understa...

Rushing to Meet AI’s Energy Needs: Oil-Field Servicers The companies are shifting to supply power to data centers. They still risk their services going obsolete.

"Oil-field service companies plan to use smaller, modular equipment that is off-grid, at least initially...These units would be plugged directly onto data centers and use natural gas—typically sourced from a pipeline nearby—as fuel"
www.wsj.com/business/ene...

U.S. Manufacturers Are Stockpiling Parts and Raw Materials North American manufacturers stockpiled raw materials and components in August to get ahead of tariffs, pushing up a measure of supply chain pressure to its highest level in two-and-a-half years. The ...

"North American manufacturers stockpiled raw materials and components in August to get ahead of tariffs, pushing up a measure of supply chain pressure to its highest level in two-and-a-half years"
www.wsj.com/livecoverage...

UAW Presses Lutnick to Slap Tough Tariffs on Truck Imports - TT Tariffs under Section 232 of the Trade Expansion Act are already in place for steel and aluminum and have compelled truck makers to increase their prices.

"The United Auto Workers union is asking Secretary of Commerce Howard Lutnick to impose punitive tariffs on manufacturers of medium- and heavy-duty trucks as a means of compelling them to relocate production facilities to the United States." www.ttnews.com/articles/uaw...

First State Economic Development News + Notes - Issue 175 Claymont welcomes a new craft brewery, a report by TEConomy Partners highlights Delaware’s life science and tech strengths, and the Costco, Whole Foods, and Target trifecta shows up in preliminary pla...

▶️ Elsewhere, a meager jobs report shows 22,000 jobs added in August, the United States Air Force invests in autonomous cargo planes, the Economic Innovation Group reports on Ohio’s high-tech workforce, and productivity gains boost quarterly earnings.

open.substack.com/pub/firststa...

First State Economic Development News + Notes - Issue 175 Claymont welcomes a new craft brewery, a report by TEConomy Partners highlights Delaware’s life science and tech strengths, and the Costco, Whole Foods, and Target trifecta shows up in preliminary pla...

Presenting the economic development news of the week:
▶️ In Delaware, Claymont welcomes a new craft brewery, a new report by highlights Delaware’s life science and tech strengths, and the Costco/Whole Foods Market/Target trifecta shows up in plans for Sussex
open.substack.com/pub/firststa...

Biden Presidential Library to be built in Delaware News outlets are reporting that the former President Joe Biden has decided that Delaware will be the site of his presidential library.

"News outlets are reporting that the former President Joe Biden has decided that Delaware will be the site of his presidential library" www.delawarebusinessnow.com/news/delawar...

Joint venture wins lease for 181,074 square feet at new warehouse site in Bear The Davis Companies and joint venture partner J.G. Petrucci Company, Inc. announced a ten-year lease agreement with AMS Fulfillment a third-party logistics provider, at its 28-acre joint-venture indus...

"Boston-based Davis Companies and Asbury, New Jersey-based J.G. Petrucci broke ground on the project in September 2024. The 710 American site is next to a Dots Foods redistribution center about eight miles from I-95."
www.delawarebusinessnow.com/news/bear_gl...

Costco, Target, Whole Foods among stores in Route 24 project A proposed 695,000-square-foot retail center on Route 24 near Rehoboth Beach includes Costco, Target and Whole Foods Market, according to project documents. Sketches provided to Sussex County Planning...

"A proposed 695,000-square-foot retail center on Route 24 near Rehoboth Beach includes Costco, Target and Whole Foods Market, according to project documents."
www.capegazette.com/article/cost...

Record EV Sales Drive Auto Market Ahead of Credit End Automakers are holding prices steady despite tariffs shaving $12 billion and counting from their bottom lines.

"Electric vehicles and plug-in hybrids were bright spots for most vehicle makers in August as consumers raced to take advantage of $7,500 federal tax credits that expire Sept. 30."
www.wsj.com/business/aut...

IT Unemployment Fell in August. But the Tech Jobs Market Is Still Shrinking. Beyond the red-hot area of AI hiring, the job market for much of information-technology is still getting smaller, recent analysis shows.

"there are still fewer jobs available for tech workers, especially those who don’t specialize in artificial intelligence.

The number of unemployed IT workers fell to 118,000 in August from 140,000 in July"
www.wsj.com/articles/it-...

Behind This Season’s Bumper Earnings: Job Cuts, Price Hikes, Glum Workers Consumer spending isn’t driving company profits as much as expense reduction and efficiency drives. That could be a problem.

"the latest batch of quarterly earnings is getting a lift from managers who are squeezing out costs, boosting productivity and turning to new technologies"
www.wsj.com/business/ear... via @WSJ

I bet your area doesn't even have a mushroom parade to cancel

Beyond Prediction: Preparing for Future Economies We Need a New Approach to Thinking About the Future(s)

I had the chance to deliver my first economic forecast today. Here they are, my thoughts on the future...🚀
open.substack.com/pub/mixedeco...

Nippon Steel bets on $11 billion investment, tech transfer to lift U.S. Steel profit Japan's Nippon Steel plans to increase profit at U.S. Steel through an $11 billion investment and the transfer of its operational techniques and advanced technologies to expand capacity and add more high-grade products, a senior executive said.

"There are plans for a new hot-rolling mill at U.S. Steel's Mon Valley Works in Pennsylvania, the refurbishment of the No. 14 blast furnace at Gary Works in Indiana, and new electromagnetic steel sheet lines and other capacity expansions"
www.reuters.com/business/nip...

Panama Canal Plans Sale of New Ports to Bring in Competition Ahead of BlackRock Deal The canal’s administrator wants more players running ports to dilute the influence of BlackRock partner Mediterranean Shipping Co. and, potentially, China’s Cosco.

"The Panama Canal Authority plans to sell rights to two, yet-to-be-built ports to bring in more operators and limit the influence of any one group, specifically Geneva-based Mediterranean Shipping Co. and China’s state-run Cosco"
www.wsj.com/business/log... #freight via @WSJ

Trump Will Slow, but May Not Stop, the Rise of Electric Vehicles

"Six of the ten most American-made cars are electric" www.nytimes.com/2025/08/03/b...

How China Went From Clean Energy Copycat to Global Innovator A surge in high quality research and patent applications has cemented China’s dominance in the industry.

"In 2000, Chinese applicants filed 18 clean energy patents that analysts said were internationally competitive. In 2022, Chinese applicants filed more than 5,000." www.nytimes.com/interactive/...

Report: Half of U.S. Companies Now Paying Suppliers Late More than half of U.S. companies are now paying suppliers late due to tariff-related cash flow issues, according to Creditsafe’s July 2025 report.

"More than half of U.S. companies say they’re now paying their suppliers late, a worrying sign that new import tariffs are already squeezing profits and destabilizing supply chain relationships"
www.supplychain247.com/article/supp...

Canada Plans To Develop A Remote Northern Port On Hudson Bay Marine Insight - The maritime industry guide.

"The Canadian government is planning to develop a remote northern port on Hudson Bay to export natural gas, potash, canola and other commodities as the nation is trying to decrease its economic dependence on the U.S."
www.marineinsight.com/shipping-new... #freight