Economic Recovery Coming
According to Debra J. “Debbie” Cunningham, Business Revenue and Growth Expert of Evergreen Business Strategies, businesses are starting to see some positive movement in the marketplace. “We are going to see our economy grow at a slow pace, but it is starting to grow,” she said. “Although we have not seen a significant growth yet in the Mid-Ohio Valley, I think we will begin seeing it in the next 4-10 months,” she added.
“It will be a slow process, but it is beginning to grow which is a sigh of relief for most everyone. We have several businesses in our region that are tied with the global economy. These are the industries that we will see the first positive wave of recovery.
Ms. Cunningham added that a recent report released by ExecuNet predicts that companies are now shifting from “survival mode to rebuilding mode”. But, she cautioned that our recovery will not be like the recoveries of the past. The “current great recession” is proving to be fundamentally different from what economists have seen in the past. Businesses as we knew them in the past will not be the same as businesses in the future.
The ExcuNet report goes further to say that “in this now restructured marketplace, the drivers of opportunity have changed. Consumers have rethought spending and their attitudes toward debt; a more active Federal Government changes the nature of how large industries such as financial services, healthcare and technology will perform; China, India and Brazil are demanding more attention in global markets; and with four generations in the workforce, all normal patterns of employment, promotions and retirements are dramatically shifting.”
ExecuNet’s research shows that “the top industries looking for executive or management talent will be healthcare, clean/green technology, high-tech, pharma (including medical devices and biotech) and energy. ExecuNet also confirms that the “greatest growth in hiring will be in small to medium-sized companies with the South and Southeast being the greatest growth regions.”
“Healthcare will continue to be a driving industry across the United States as our population gets older and older, and people require more services. West Virginia is positioned for clean/green technology with the introduction of WV GreenWorks and the federal government’s focus on creating green-collar jobs including funding for many of West Virginia’s colleges and universities for training in green technologies. West Virginia is also well positioned for high-tech and energy growth with the beltway of small businesses in the Clarksburg, Fairmont, Morgantown and South Charleston areas.
Job functions that will be in high growth will be “business development, sales, operations management, engineering, marketing, general management, finance, consulting, research and development (R&D), and MIS/Information Technology,” she said according to the ExecuNet report.
Debra J. “Debbie” Cunningham, M.B.A. is a ‘Business Revenue and Growth Expert’ focusing on the new economy. She is the owner of Evergreen Business Strategies, Inc. of Williamstown, WV where she works with business owners who want to create and grow their revenue quickly. For more information, visit her website at: www.evergreen-business-strategies.com.
