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Newsletter - October 2016

Featured Project

New Study Showcases Economic Impact of Allergan's Operations

on New Jersey Economy

On October 5, 2016, ESI Research Analyst, Grant Holland , attended and spoke at the press conference organized by Allergan plc. ESI spearheaded an economic impact study for the pharmaceutical company which ascertained the immense fiscal benefits that Allergan will generate for the state of New Jersey with its project to relocate and combine its existing five facilities, located throughout various cities in New Jersey, into a new U.S. Administrative Headquarters in Madison, New Jersey. Also in attendance at the event was Allergan CEO Brent Saunders, U.S. Representative Leonard Lance, Assemblywoman Mila M. Jasey, Madison Mayor Robert Conley and several people from the Office of State Senator Cory Booker.

News from the lab

Wealth and Asset Management 2021 is now Available

The Roubini ThoughtLab Wealth and Asset Management 2021 report is now available. This cutting edge research is based on a survey of 2,000 investors and 500 investment providers across 10 major wealth markets, in-depth interviews, and economic modeling led by noted economist Dr. Nouriel Roubini. The study was produced in conjunction with a diverse coalition of sponsors, including Bank of Montreal, Broadridge Financial Solutions, CFA Institute, Cisco, eToro, Schroders, SEI, and State Street.. Read the full Wealth and Asset Management 2021 report here .

The Work Ahead: Insights to Master the Digital Economy

Cognizant released the first in a series of white papers titled 'The Work Ahead.' The Work Ahead is the result of a worldwide survey of the business community undertaken by Roubini Thoughtlab. It has for objective to outline the impacts the digital revolution will have on various industries. Industry specific reports based on the data and research conducted will be released over the next few weeks to warn and aid providers and consumers of the imminent changes digitizing these industries will bring. Stay tuned.

Staff News

We would like to congratulate our colleague, Alison Shott, who was recently promoted to the role of Senior Analyst. We also want to wish the best to Brittany Forman and her baby and welcome her back to ESI this month after her maternity leave. We also want to congratulate Daniel Miles on the upcoming birth of his child.

ESI is proud to welcome our newest Research Analyst, Elizabeth Desmond, and Research Associate, Carlos Bonilla, to the firm. We would also like to introduce our newest Marketing Assistant co-op, Sharan Walia, and Research Assistant, Nehel Shahid.

Sharan Walia

Nehel Shahid

Elizabeth Desmond

Prior to joining ESI, Elizabeth spent five years leading financial analysis for over a hundred clients at Wolf Popper LLP in New York and Grant & Eisenhofer in Wilmington. She worked in business development and contributed to several notable cases, including derivative litigation against the firm that audited Bernard Madoff Securities. At ESI, Elizabeth applies a strong background in finance, economics, and statistical analysis to a wide range of projects.

Click here to contact Elizabeth.

Carlos Bonilla

At ESI, Carlos offers his background in spatial analysis, cartography, urban issues, web development and environmental issues. Prior to joining ESI, Carlos worked for Azavea Summer of Maps, a program focused in pairing students with local and national non-profits to perform geospatial analysis. During his time at Azavea, he also conducted research for The Food Trust and the Greater Bicycle Coalition.

Click here to contact Carlos.

Upcoming Events

10/18: Senior Advisors Steven Nelson and Sidney Wong, along with Sr. Vice President and Principal, Peter Angelides, will be presenting at the PA Chapter of the American Planning Association Annual Conference. Register for the event here.

10/19: With the completion of Amtrak's Philadelphia 30th Street District Plan, come hear from a distinguished panel of experts as they share their perspectives on what our region needs. Register for the event here.

10/26: The CRE Fall Meeting will discuss the Philadelphia real estate market and the current state of the city. Featured speakers include Councilman At-Large Alan Domb, and Philip B. Korb, Partner at Ballard Spahr LLP. Register for the event here.

11/3: Plansmart NJ's 48th Annual Dinner to honor contributions to land use planning in New Jersey that promotes regional planning, community development, economic development, resource efficiency, environmental protection, and regional equity, sponsored by ESI. Register for the event here.

11/18: ESI President Stephen Mullin will be moderating ULI Real Estate Forecast 2018. Get no-nonsense expert insights from leading experts on the biggest trends impacting the intersection of land use, real estate and finance - around the Delaware Valley and around the world. Register here.

12/8: Save the date for PenTrans' upcoming December Event/Recognition 2016 on Thursday, December 8 from 4:30-6:30 pm. Registration information is coming soon.

Previous Highlights

ESI President Stephen Mullin moderated a roundtable event at the SugarHouse Casino on Thursday, Oct. 6, about the gaming industry's current and future investment in Philadelphia. Pennsylvania's casinos generate billions of dollars in economic activity, but a number of issues plague them, including proposed new taxes. State and local leaders came together on Thursday, calling for more "progressive" policies that would grow casino properties rather than hinder them. Read more here.

Check out some of our blog posts from September

Labor Day Long Reads

compiled by ESI staff

Remodeling Philly's Housing Price Index,

by ESI Director,

Jonathan Tannen, Ph.D.

Beyond the Gender Paradigm: An Intersectional Approach to Wage Disparity,

by Lauren Bauman

Econsult Solutions Advisory Board

Bernard Markstein was recently quoted in philly.com in an article titled, "A First Sign of Cooling in Philly's Heated Apartment-Building Market".
Joel Naroff recently published an article on dailylocal.com titled, "Not Much is Happening with the Economy".
Blane Fitzgerald Stoddart recently published an article in the Philadelphia Business Journal titled, "Why Diversity and Inclusion Mean More Business Success".

Industry News Client Spotlight

Plans to alleviate congestion on the Schuylkill Expressway between Philadelphia and King of Prussia will begin in 2021 and cost $125 million.
The Obama Administration has released a new Housing Development Toolkit outlining successful methods of making housing affordable in cities.
The PEW Charitable Trusts has released a report on Philadelphia's business taxes and whether tax incentives achieve their goals.
The White House has announced The Partnership for Resilience and Preparedness, a new platform that will allow governments, companies, and investors easier access to climate data from NASA, NOAA and other federal sources aiming to help improve resilience planning through open sourced information.

Rowan University/Rutgers-Camden Board of Governors will be honored at the Plansmart NJ 48th Annual Dinner for their leadership in leveraging education and medical assets to promote healthy communities and stimulate economic development. ESI is proud to support this event.
UPenn's new college house, which began construction in 2013, recently opened to its first residents.
The Board of Directors for Ben Franklin Technology Partners of Central and Northern PA recently approved investments totaling $515,000 in five companies located in Pennsylvania.
University City District will begin construction on a new playground that incorporates sustainable design and water remediation.

ESI Seeks Marketing and Administrative Assistant

ESI is currently seeking one full-time Marketing and Administrative Assistant who will divide their time betwee n general marketing for ESI and administrative support for ESI's latest joint venture, Roubini Thou ghtlab. This Marketing and Administrative Assistant will be reporting to ESI's Director of Business Development and Roubini Thoughtlab's CEO.

Knowledge of WebEx and Microsoft Office Suite with strong skills in Outlook, Word, and Powerpoint as well as Wordpress, Wix, and basic HTML skills is a plus in addition to some experience and/or knowledge in both Adobe InDesign and Photoshop.

For more information, click here.

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