Economic outlook mixed. In characterizing the economy in local counties, there was a decline in perception of prosperity. Thirty-nine percent of those surveyed believed their county was prospering in 1999, while 35 percent felt that way about 2000. Interest in the global economy and its impact on the region remains low. At the same time, how the U.S. economy will progress continues to be the fourth most important concern when evaluating major issues for the next year.
Job market bodes well for employees, challenge for employers.
A bright projection for employees presents issues for business leaders. Thirty-seven percent of the businesses surveyed anticipate the need to add employees in 2001, about the same level as last year. However, finding qualified employees to fill local positions and workforce training continue to be the top challenges for Capital Region firms for the third year. Losing employees to jobs out of the area also is a concern. Healthcare costs and taxes continue as top concerns.