John Whitmire, Mayor, City of Houston

In an interview with Invest:, Mayor John Whitmire outlined Houston’s growth, driven by TMC³, Chevron’s relocation, and port expansion. “We’ve been discovered,” he noted, citing the city’s diverse economy. Key priorities include public safety, streamlined governance, and infrastructure upgrades. With the 2026 World Cup ahead, Whitmire aims to make Houston more livable, inclusive, and globally competitive.

What major changes have shaped Houston’s economy and business landscape over the past year?

TMC³ is expanding our Medical Center significantly, and that’s attracting international traffic to Houston. Chevron relocated its U.S. headquarters downtown, which is huge; they’ve always had a presence, but this is different. We’re also growing our port, and more companies are coming in.

What’s exciting is that these developments aren’t just going to the suburbs. Houston proper is benefiting, and we’re focused on making sure people can live here, not just commute. Around 700,000 people travel to Houston daily from surrounding areas. Our challenge is making Houston not only a place to work, but a place where people want to stay and live.

What makes Houston a strong business market today, and how is the city positioning itself for future investment?

We’ve been discovered. Our diversity, job market, and broad industrial base — including energy, the Port of Houston, the Medical Center, and NASA — make us attractive. TSU has a growing pilot school at Ellington Field. Everything is moving in the right direction.

Our top priority is safety. We’re investing heavily in police and fire services, and we recently signed the first firefighter contract in eight years. We’ve also improved police pay and benefits to support recruitment and retention. Public safety leads everything else.

We’re also tackling infrastructure. Our streets, drainage, and mobility systems have been neglected, and we’re addressing that by working with Metro, the county, and the state. Metro, for example, is launching airport shuttles and making downtown more accessible. These efforts directly support businesses.

How is the city balancing growth with fiscal responsibility and long-term sustainability?

Houston has a strict revenue cap, 3.5% growth tied to inflation, so we’ve had to work within those limits. That cap has made it harder to maintain infrastructure, so we’re looking at efficiencies first. We completed an efficiency audit with Ernst & Young and found we had more employees per capita than other major cities.

We’re also reorganizing city government, merging departments, eliminating duplication, and tightening operations. Forty percent of our supervisors were overseeing three or fewer employees, and that’s changing.

Once we’ve become as efficient as possible, I’ll ask Houstonians: Do we want to invest more in services like garbage collection, parks, and street repairs? I want to avoid asking for more revenue until we’ve done our part first. But eventually, we may have to consider fees or tax increases to support the services residents expect.

What strategies are being implemented to improve daily life in Houston, especially mobility, affordability, and core services?

We’re making transit more accessible and pushing Metro to deliver cleaner, more reliable service. We’re also addressing illegal dumping and water system issues. Houston’s primary water treatment plant, which supplies 60% of the city’s water, was built in 1954. There’s no backup, and I talk about it openly. We need to fix it, and the public deserves to know.

We’re also committed to affordability. We replaced the Housing Authority’s leadership because of waste and questionable decisions. We are requiring developers to meet transparency standards and commit to reduced rents. The suburbs are still more affordable and sometimes safer, but we want to change that. As Houston becomes safer and more livable, more people will return to the city.

How is the city encouraging trust and engagement with residents and businesses?

By being available and honest. I don’t hide. I drive around Houston on the weekends, with no entourage, and report what I see, from broken signs to water leaks. My team can trace where I’ve been by my calls. I tell it like it is, and I think people respect that.

I’ve always been partisan in the legislature. But as mayor, I represent everyone. I’ve worked hard to be nonpartisan and collaborative, and I think residents feel that. I have critics, and that’s part of the job, but I’m hearing support. People stop me in restaurants to say, “Keep going.”

What role does regional collaboration play in Houston’s progress, and what upcoming initiatives are you most excited about?

We’re working closely with Metro, the county, the state, and federal partners. Communication is stronger now. We’re also getting ready for the 2026 World Cup. FIFA says we’re ahead of other cities, and we just celebrated the one-year countdown. But I always tell people we’re not just preparing for the world; we’re preparing for Houstonians.

Transit, safety, housing, and cleanliness are local priorities that happen to benefit global visitors, too. The World Cup is exciting, but our work is about making Houston better every day.

As you look ahead, what are your top goals for Houston in the next few years?

My focus is to build opportunity, keep the economy strong, make the city safe, improve infrastructure, and be transparent. I’m watching what’s happening at the state and national levels to make sure we’re protecting rights and staying inclusive.

One of the most exciting initiatives is the expansion of the George R. Brown Convention Center. It’s a $2 billion investment that will add over 700,000 square feet of new space and a major pedestrian plaza connecting the Convention Center to the Toyota Center. We expect this project to increase events by 30% annually and generate more than $20 billion in spending over the next three decades. It’s a huge step toward making Houston a global destination for sports, entertainment, and tourism — especially with the World Cup and the Republican National Convention coming up.

Houston’s identity is built on diversity and collaboration. We want people to know this is America’s friendliest big city, and we’re proving it every day. My hope is simple: be honest, be transparent, and treat people right. When we do that, everything else falls into place.

 

Spotlight On: Joseph DiAngelo, Dean, Haub School of Business, Saint Joseph’s University

Joseph_DiAngelo_Spotlight_OnSeptember 2025 — Joseph DiAngelo, dean of Haub School of Business at Saint Joseph’s University, sat down with Invest: to discuss the role the business school plays in supporting regional economic development, industry specific programs that differentiate it from others in the area, and how the school is revamping its curriculum to keep up with AI and other technological advancements. “One of our main goals is staying ahead of AI and revamping the curriculum accordingly,” DiAngelo said.

What changes over the past year have most impacted the school of business and the university, and in what ways?

People often don’t realize that Philadelphia is driven by Eds and Meds, education and healthcare. Within 25 miles, we have 85 colleges and universities — the highest concentration in the country. Within 100 miles, there are about 125 schools. The region also hosts five medical schools and numerous hospitals. Most of these institutions are private, not public. Additionally, many major pharmaceutical companies have their production facilities or corporate headquarters in the region. Philly is a Life Science hub.

We’ve gone through a major metamorphosis. Saint Joseph’s took over the University of the Sciences — formerly the Philadelphia College of Pharmacy — to expand into the healthcare space. We previously consisted of colleges of Arts & Sciences and Business, but we wanted a more comprehensive set of offerings. We also acquired a large nursing school in Lancaster, 70 miles away, with 1,200–1,300 nursing and allied health students, and we’ve since launched another nursing program here on our Philadelphia campus. Now, we offer almost everything but engineering. We’re a comprehensive university with strong undergraduate and graduate programs. The business school is the largest at Saint Joseph’s, with 3,000 students, doubling our enrollment over the last two decades. Among Jesuit institutions like Boston College and Georgetown, we were once considered small, but we’ve become one of the largest Jesuit business schools in the United States.

What role does the Haub School of Business play in supporting regional economic development?

We do things a bit differently here. Of the 85 colleges in the region, approximately 75 offer similar programs in management, finance, and accounting etc. We’ve set ourselves apart with specialized, industry-related programs. Our food marketing program, which started in the early 1960s, is now the largest in the country. In the mid-1990s, we introduced a pharmaceutical marketing/business program, and in the early 2000s, we launched a program for insurance. Given Philadelphia’s strong insurance industry presence, along with the Food and Pharma/Life Science, these three niche programs doubled our enrollment. The building I work in was built by the food industry. We consider ourselves one of the economic drivers of the mid-Atlantic region.

The University recently added a new graduate certificate in neurodiversity and workforce inclusion. What does the certificate entail?

We host a center at the university focused on autism education and support. Through the School of Education, we offer both credit and non-credit programs for families of children on the spectrum. The center is largely endowed by a single family. It helps neurodiverse students secure jobs, especially in computer-related fields where they often excel. For example, one major bank outsourced a segment of its IT work to a contractor that hired people on the neurodiversity spectrum. But management wasn’t equipped to support them. One such employee, highly effective but prone to wearing a cap, received three write-ups because of a dress code violation. To address these issues, we began training programs for managers to better support neurodiverse employees. We’ve since designed graduate and undergraduate-level HR courses to highlight the benefits of neurodiversity in the workforce and to train HR staff and managers in supporting neurodiverse staff. It’s a point of pride for us, and no other school in Philadelphia has anything like it.

What industry partnerships does the Haub School of Business have, and how do these shape student outcomes and career pipelines?

We build strong relationships through specialty-area advisory boards, which we call academies. We house the Academy of Food Marketing and the Maguire Academy of Insurance and Risk Management. They are fully endowed to support these academic offerings. Executives from over 85 food companies and numerous insurance firms regularly recruit from our programs. These industry leaders also co-teach classes and contribute to program development. We also run graduate programs in areas like the food supply chain, logistics, and insurtech, and have strong partnerships with pharma companies like Pfizer and transportation companies like Penske. These are mutually beneficial relationships: we supply their staff, and they support our students.

How is the school incorporating new and emerging technologies, and how is it shifting the way we learn?

Technology is transforming how we teach and how companies operate. AI is permeating every aspect of education. Predicting its direction is nearly impossible, but we’re adapting. Half of our faculty have completed AI training, the other half will do so this year. It’s changing teaching methods and business practices. Initially, universities resisted AI tools like ChatGPT due to plagiarism concerns, but we now use AI as a learning tool. We teach students to critique and understand AI, acknowledging that its effectiveness depends on data quality. We’ve been through similar changes before — like the transition from slide rules to calculators and then to computers. AI won’t necessarily replace people, but it will replace those who don’t learn how to use AI. 

Looking ahead, what are your top priorities for the Haub School of Business over the next few years?

One of our main goals is staying ahead of AI and revamping the curriculum accordingly. We need to prepare students for jobs that don’t yet exist, equipping them with critical thinking and foundational skills in technology, science, math, and business so they can continue learning throughout their lives. Intellectual curiosity is essential — we want students who will remain adaptable and capable of ongoing growth. This is especially critical in fast-evolving fields like tech, where knowledge can become obsolete quickly.

We’re also exploring the ethical dilemmas and data challenges posed by AI, ensuring students understand both the power and the responsibility that come with these tools. Our Arrupe Center for Business Ethics is a leader in Artificial Intelligence programming.

 

For more information, please visit:

https://www.sju.edu

Spotlight On: William O’Dea, Executive Director, Elizabeth Development Company

William_ODea_Spotlight_OnSeptember 2025 — William O’Dea, deputy director of Elizabeth Development Company, sat down with Invest: to discuss how the current economic climate is impacting the city of Elizabeth, recent developments in the New Jersey Transit Rail Station, and how the city is utilizing various workforce development programs to address the needs of local businesses.

How would you describe the current economic climate in Elizabeth, and what sectors are showing the most promise for growth? 

Warehouse logistics continues to be strong. We are working with Elberon on leasing some of their space, and we have a few prospective tenants. Right now, we are finalizing a deal with an entity that develops perfumes and fragrances, and they plan on utilizing the space with their research and development team. Retail continues to remain strong, especially at our mall in  Jersey Gardens. This mall has been a huge tourist destination for those flying in and out of  Newark Liberty Airport. The office market continues to lack, while residential development remains strong. This is especially true in areas of Elizabeth that are close to the New Jersey  Transit Rail Stations.

How will the requirement of 20% affordable housing for all tax break projects under the  PILOT agreements for developers in Union County benefit Elizabeth? 

The 20% affordable requirement ties directly into those projects that receive Aspire funding through the state of New Jersey through the New Jersey Economic Development Authority.  There is a need to create affordable housing. Having those units developed helps to address that need. Allowing individuals who are market tenants to live with tenants who are lower income benefits all parties. This is especially true for the children of those tenants. Having children of all different ethnic backgrounds and income variations is beneficial because it allows them to develop together and learn from one another.

Apart from housing, what other major development and infrastructure investments are taking place in Elizabeth, and what economic benefits does it promise for the city? 

The biggest development we have been working on recently has been the new Midtown New Jersey Transit Rail Station. $70 million in improvements and upgrades was invested. This has drawn new interest in the development of new residential sites. There are plans to develop a hotel within one block of the Elizabeth Midtown Train Station. There are also plans to convert a large office building into retail space, with approximately 100 residential units included above these new stores. The Midtown Train Station investment has had a large positive impact on the surrounding community because we have been able to rehabilitate and further develop much of the surrounding area. We have also begun redoing the above-ground rail system at North  Liberty Airport. This is a multi-billion-dollar investment and will have a large economic impact on our local economy.

What initiatives has EDC undertaken to address workforce development, and how are these programs aligning with the needs of local industries? 

We administer several workforce development programs. PABUILD partners with Port Authority to help individuals acquire certificates, as well as other construction-related certifications. We run a program under the DOL to partner with other trades, such as the Plumbers Union, to help place 15 individuals in apprenticeships over two years. Newark Liberty Airport needs many individuals with SORA (Security Officer Registration Act) licenses, and we have a program to address this shortage. The warehouse logistics facilities and Elizabeth Port have created a large need for individuals with CDL licenses, and we have a program to assist with that as well. We also have a program related to hospitality. The FIFA World Cup has created a larger need for restaurants and hotels, and we work with restaurants to help them get the certifications that they need.

What is your outlook for Elizabeth’s economic development? What will be your top goals and priorities moving forward in the next five years? 

The economy of Elizabeth has always remained strong and stable. The city of Elizabeth has never experienced a period of significant population loss, and our population continues to grow at a steady pace. The more people in your city, the more money there is available to be spent in the business community. I believe that we will continue to see residential growth close to the existing rail stations. We are looking to make significant investments over the next five years in the Urban Enterprise Zone, in sidewalks, Midtown markets, concerts, and other events that will help to draw more people to the area. Keeping the existing business districts, hotels, and restaurants strong and prospering is at the forefront of our mission moving forward.

 

For more information, please visit:

https://edcnj.org

The Q4 push: Navigating uncertainty with consistency

Abby Lindenberg is founder and CEO of media platform caa.

As we head into Q4, I find myself asking: Has 2025 been a good year for American businesses? In more ways than one, the vote is still out, but mostly because if the last three months are anything like the first nine, we are still in for a wild ride. A roller-coaster stock market performance, tariffs, economic uncertainty, geopolitical turmoil — it is harder than ever to look back and with a resounding “yes” say that 2025 was good for US businesses.

What do we know? 

The I:BSS survey

At caa, we produce the Invest: Business Sentiment Survey (I:BSS) where we ask hundreds of CEOs across the metro regions we cover how they believe business is shaping up. We monitor and report on the results each quarter.

Looking at I:BSS survey trends through 3Q25 (sneak preview: the results will officially be released on Oct. 2), general regional economic sentiment hit its lowest level since our survey’s launch in 2023, dipping to 3.89 out of 5 in Q2 of this year. Executives in that quarter’s survey pointed to shifting trade dynamics, with leaders in our Southern regions more clearly pointing at tariff uncertainty as a key factor. 

Company performance and overall health, however, tell a different story, with executives consistently more optimistic. Scores have risen each quarter — 4.29 in Q1, 4.41 in Q2, and 4.50 in Q3 (all out of 5) — reflecting confidence in how teams are navigating uncertainty.

Yet, the hiring outlook is weaker. Through the first three quarters of 2024, executives averaged a score of 4.18, compared with 3.95 for the same period in 2025, signaling reduced confidence in near-term hiring.

Support from local and regional governments has also slipped in 2025, with Q3 marking the lowest average score to date at 3.58 out of 5.

So, while we see a certain level of optimism around performance, negativity around the public sector and their support of the private sector as well as hiring has increased. 

Similar sentiment

At caa, we echo similar sentiments as the business leaders we interview. Performance this year has been solid, while onboarding new team members remains stagnant. Thankfully, while geopolitical concerns, attacks on the media, and uncertainty surrounding federal decisions have not caused much disruption in our day-to-day, we must remain vigilant in a way I have not had to be vigilant before.

But what has carried a successful throughline this year and something I can control in a world where so many factors seem out of control at present, is company consistency. Consistency in customer satisfaction, consistency in product excellence, consistency in how we treat our team members, consistency in client relationships. It is consistency that has enabled us to weather these rocky waves and it will be consistency that gets us to a successful close of year.

How is your company looking in 2025, and what are you doing to ensure a fruitful end?

 

Research Triangle Park faces fiscal uncertainty amid increased growth and development efforts

Writer: Pablo Marquez

Research_Triangle_ParkSeptember 2025 — The Research Triangle Park (RTP) continues to stand as a major economic and technological powerhouse, fueling both local and global innovation. Spanning more than 7,000 acres across Durham, Wake, and Orange counties, RTP is the largest research park in the world. It is home to over 300 companies and employs more than 50,000 people, but despite solid growth, the sharp cuts to federal funding for research could make the road ahead a bit rocky.

The funding cuts particularly target the National Institutes of Health (NIH) and other agencies that underpin much of the region’s academic and medical research. These measures could cost the Triangle over $2.1 billion and eliminate more than 9,000 jobs, with the hardest hit being North Carolina’s 4th Congressional District (home to Duke and UNC), which may lose upwards of $1.2 billion in funding. Such losses would deeply impact RTP’s research-driven economy, especially the smaller institutions and startups that rely heavily on federal grants for their work.

“NIH is committed to restoring the agency to its tradition of gold-standard, evidence-based science. For too long, resources have drifted toward projects with limited relevance to the health challenges facing Americans,” said a spokeswoman for the U.S. Department of Health and Human Services, as cited by WRAL News. “It is a deliberate course correction to strengthen accountability and ensure NIH funds research that delivers measurable impact for all Americans.”

Founded in 1959, RTP was built on the visionary idea of uniting the research capabilities of North Carolina’s leading universities (Duke University, the University of North Carolina at Chapel Hill, and North Carolina State University) with the innovative potential of private industry and government support. This triad has helped transform the region into a globally recognized hub for research and development. 

While RTP is home to major corporations, it also fosters a rich ecosystem for startups and small businesses. One such company is Biogen, which recently announced a $2 billion expansion of its manufacturing facilities in RTP. This expansion will include a new production plant, advanced automation technologies, and enhanced “fill-finish” capabilities, reaffirming RTP’s status as a leading site for advanced biomanufacturing. Biogen has invested more than $10 billion in the region and plans to further strengthen its antisense oligonucleotide (ASO) production over the next three years.

“With this investment, we will modernize and expand our manufacturing capability to enable our pipeline and provide resilient patient supply, while continuing to support the skilled and dedicated community of life sciences talent in North Carolina. Our manufacturing footprint in the United States has played a critical role in Biogen’s history and success, and in advancing the treatments that are making an impact for patients, families, and communities here in the U.S. and around the world,” said Nicole Murphy, head of pharmaceutical operations and technology at Biogen, as cited by Genetic Engineering & Biotechnology News.

Even amid fiscal uncertainty, RTP remains committed to sustainability and smart development. The park’s eco-conscious design includes renewable energy initiatives, green buildings, and extensive green spaces. This tranquil, natural environment not only supports biodiversity but also enhances workplace wellness and creativity.

Further supporting the park’s evolution into a livable, connected community is the planned Triangle Mobility Hub, a $58 million transit center expected to open in 2028. Located near NC Highway 54 and South Miami Boulevard, the facility will include electric bus infrastructure, rideshare drop-off zones, and, eventually, may serve as a passenger rail station on the Raleigh–Durham Amtrak or future commuter rail line. This addition reflects RTP’s commitment to becoming a mixed-use, transit-rich innovation district.

“In spite of economic conditions, more people than ever are moving to the Triangle every day. Giving them a variety of transportation options is really important. I see rail, passenger rail in particular, being a good regional distribution mechanism as opposed to RDU, which you can go all over the world with,” said Doug Plachinski, executive director at Triangle West, as cited by CBS 17.

RTP has helped transform the Triangle region, particularly cities like Durham, Cary, and Raleigh, into some of the most desirable places to live and work in the United States. It also remains a vital engine for North Carolina’s economic and scientific future. Whether through groundbreaking research, entrepreneurial growth, or its commitment to sustainability and connectivity, RTP is positioned to shape the landscape of global innovation for decades to come.

 

For more information visit:

https://www.rtp.org/

https://www.ibm.com/

https://www.unc.edu/

https://duke.edu/

https://www.ncsu.edu/

Investment trends shift toward private markets as firms delay IPO

IMIAe10_Banner_Fortune_House

Writer: Mirella Franzese

BuildingsSeptember 2025 — American firms have seemingly lost interest in going public — now investors are eyeing private markets for higher returns and new opportunities.  

According to a report by investment group Meketa Capital, the number of public companies in the U.S. has nearly halved since the late 1990s, after peaking at 8,000 in 1996. Increasing regulatory pressures and new private market opportunities meant that IPOs became less attractive over the years, especially as the 2012 JOBS Act increased the number of investors who could privately provide capital to a company. 

“Less companies are going public, which means you can’t open a brokerage account and buy their stock,” said Wells Fargo Advisors’ Investments Managing Director Noah Rubin in an interview with Invest:.

While already in decline, IPO activity tapered off sharply after the 2008-2009 crisis, when the economy needed job creation and new opportunities for investors. Instead, an increasingly demanding regulatory landscape followed, which stalled recovery and profoundly hurt the IPO market to this day.  

As Rubin notes, businesses today want to stay private partly because of the “headaches” of quarterly short-term estimates and higher reporting regulations, which are not completely unfounded. 

Consulting giant PwC estimates that companies spend an average of $1 million or more annually in recurring costs by being public instead of private, including the expenses of accounting, legal, underwriting, and other services. Smaller companies also have to shoulder higher IPO costs, as those cut into bigger pieces of both their revenue and value.

This year, the new administration has made it a top priority to revitalize IPO activity after a tariff-related freeze in the spring. President Donald Trump recently urged the Securities and Exchange Commission (SEC) to revise its reporting rules so that public companies would not need to report every quarter, which could drive a significant shift in investor behavior.

In a statement to Reuters, SEC Chair Paul Atkins said that he is working on a proposal to increase the appeal of going public by “eliminating compliance requirements that do not provide meaningful investor protections, minimizing regulatory uncertainty, and reducing legal complexities in the SEC’s rulebook.”

“There’s now a demand for the average investor to get into private investments,” added Rubin, especially given the growing availability of private capital. “(It’s) not just stocks and bonds, (but)… real estate and private credits, digital assets, fine wine funds and art funds.”

In fact, globally, there are around 95,000 companies with revenues over $100 million, compared to nearly 10,000 public companies with the same revenues, according to financial services firm Hamilton Lane

Institutional investors, in addition to individual investors, are also taking on more stakes in non-public positions, with 66% planning to raise their private asset allocations during the next five years, according to a survey by Nuveen

Private equity firms, for one, have caught up to meet the growing interest in private markets from high-net-worth and institutional investors, according to Lester Pataki, managing director and regional manager for JPMorgan Chase Bank’s Commercial Banking Northeast division.

Pataki observed that there’s been a significant flow of private capital poured into the middle market and madcap segments over the past decade. “Private equity firms have increasingly invested in privately owned midsized companies, a shift that differs markedly from the landscape 10 or even five years ago,” he said in an interview with Invest:.

For Pataki, this trend presents both opportunities and challenges for businesses. “On the one hand, companies now have access to additional sources of capital for growth. On the other hand, privately owned businesses must navigate more options regarding their future, whether that involves selling to another company, going public, transitioning to the next generation, or selling to a private equity firm in whole or in part.”

However, the outlook for IPO activity is cautiously optimistic. Investment bank Morgan Stanley believes more companies will go public in early 2026 as sponsor exits pick up steam, as in the last three years, private equity firms have delayed IPOs because of high interest rates, borrowing costs, and lower corporate valuations.  

Despite the anticipated return of public offerings and a potential loosening of regulations by the SEC, investment behavior has shifted, perhaps indefinitely, in favor of private assets, as economists expect a continued rise in private market fundraising.

 

For more information, please visit:

https://www.jpmorgan.com/commercial-banking

https://www.wellsfargoadvisors.com/

Face Off: Atlanta CIDs driving growth and community planning

Writer: Eleana Teran

Nicole_Hall_Tracy_Styf_Face_OffSeptember 2025 — Community Improvement Districts (CIDs) are quietly reshaping Metro Atlanta’s economic and physical landscape. Through self-imposed commercial property levies, these organizations fund infrastructure upgrades, from safer streets to parks and transit enhancements, that elevate the quality of life and catalyze new development. 

More than 30 active districts across Georgia have collectively invested over $1.5 billion, leveraging an additional $5 billion for infrastructure mobility, beautification, and redevelopment projects statewide.

In Atlanta’s West End, the $450 million redevelopment of the aging Mall at West End is now underway. Managed by Atlanta Urban Development and the Beltline, the project will introduce grocery, medical, retail, residential units and a hotel, with phase one slated for completion by 2026. 

And over in Cobb County, Town Center CID combines major infrastructure projects with creative placemaking. Its bikeshare program, now in its 10th year, has logged more than 100,000 rides and is expanding with new e-bikes, while public art murals and seasonal pop-up events are redefining the district’s identity.

With these efforts reshaping the region, Focus: spoke with Nicole Hall, CID administrator of Assembly CID, and Tracy Styf, executive director of the Town Center CID. They shared how development, long-term planning, and strategic partnerships are positioning their districts for sustainable growth and stronger community impact.

How are redevelopment and long-term planning shaping the future of your district, and what projects stand out as key examples of that transformation?

Nicole_Hall_Face_OffNicole Hall: Over the last year, the biggest accomplishment was the sale of the West End Mall, a process spanning five to seven years. This sale, with redevelopment now imminent, is a catalyst for Southwest Atlanta. The redevelopment, alongside the Lee + White development and the Beltline, is transforming the area. The mall, previously all commercial, will become mixed-use, introducing housing that can’t be part of the CID’s taxable portion. This shift will drive more business, boosting property values, which have already risen. The area near Metropolitan is also changing, revitalizing Southwest Atlanta along I-20.

For Assembly CID, the film studios in DeKalb have exploded. Located at Spaghetti Junction, the site saw little progress under its first developer. When Gray Media took over, development surged within two years, with studios opening and more shows filmed, gaining national attention. The CID focused on infrastructure, enabling hotels, housing, restaurants, and commercial growth. Assembly Studios is just part of the site, with more development planned. Working with Gray Media to build something unique from the ground up is exciting and unique to our CID.

Tracy_Styf_Face_Off.jpgTracy Styf: We take a long-lens approach on strategic planning. As the second oldest CID in Georgia, our focus is on redevelopment. We are not a district that has a lot of vacant green space for new vertical projects, so we keep a keen eye on what we need for today and what we will need tomorrow. We have two organizations inside Town Center that collaborate: the Community Improvement District, in its 28th year, and our Town Center Community Alliance, celebrating its 10th anniversary in 2026. Together, they look at the quality of life and long-range planning. 

We took a commercial area around a mall and evolved it over the past three decades into a community with more than 37,000 jobs, that’s 10% of all jobs in Cobb County that are located in Town Center, and 15,000 residents. Our district is a significant hub where people can access major interstates and spend time. Collaborations with Kennesaw State University (KSU) ensure students have positive experiences not only on campus but also in the community. We want students to stay and add to the workforce after they graduate. 

All of these pieces connect in a way that keeps our focus on economic development and converting properties for the future.

What kinds of infrastructure or community improvements are you prioritizing right now, and how are they impacting local businesses and residents?

Hall: We’re collaborating with partners to maintain the West End CID, enhancing sidewalks to boost foot traffic for businesses. With Mercedes-Benz Stadium, new hotels and restaurants, foot traffic has surged. Castleberry Hill, an artsy area adjacent to the stadium and part of the West End CID, sees heavy filming activity. The business climate, previously weakened by closures, is rebounding, especially with the 2026 FIFA World Cup preparations. For Assembly CID in Doraville, the isolated film studios are thriving, benefiting nearby Chamblee. Studio visitors frequent these cities for weekend activities, bolstering local commerce. To support this, food trucks are brought in, and more commercial construction, like hotels, is planned, creating a self-contained city. Currently, the studio is gated, but its workforce boosts Doraville and Chamblee’s economies.

Styf: We currently have 15 projects in the workplan totaling almost $100 million. The largest project — the South Barrett Reliever — will be completed in early 2026 and will be the largest infrastructure project in the history of the Town Center community. We have 60,000 cars per day coming into the area, and this project will reduce traffic by 20% along the major corridor. The project also includes the last portion of the inner loop, providing a complete street through major economic development centers inside the district. This loop will provide safer and more effective traffic flow, separating bike and pedestrian paths off-road. When we invest in this type of infrastructure, we enhance the mobility of the community and impact economic development. As we update these main corridors, it sets us up for key redevelopment projects to occur.

What kinds of businesses or institutions are shaping your district’s identity, and how are you working with them to support future growth?

Hall: In the West End CID, restaurants and retail are the most prominent businesses, particularly near downtown. The area’s unique draw lies in its diverse eateries, offering vegan, African, barbecue and more, attracting a wide crowd. Retail will likely continue to see the most growth due to the mall redevelopment. Some stores were shut down but relocated, as closing them would’ve harmed the community, where these are often the only stores available. Over five years, we’ve done surveys, and residents want quality stores with items they need, not necessarily big brands. The mall developers are listening to the community and business owners, thoughtfully choosing retail to supplement, not replace, small businesses. This will bring a good mix, including grocery and higher-end shopping we don’t have now. That’s the opportunity, and it’s going to be really good for the area.

Styf: Hospitality is also a key pillar of the Town Center district due to our location on I-75 and in Northwest Georgia. We partner with hotels and other hospitality and tourism organizations to make sure they have information on the trail system, parks, and greenspaces.
We have a very close working relationship with Kennesaw State, working alongside the University on strategic and master plans, and concepts for district enhancements. In addition, I, along with two of our CID board members, serve as trustees on the foundation board. KSU and the CID have “grown up” together in a way, it’s been incredible to see and experience. We look forward to the University’s future growth and ensuring our district remains a thriving college and business community.

Looking ahead, how are you positioning your district to capture future opportunities and strengthen its long-term outlook?

Hall: We’re working closely with the Beltline — not exactly the economic development arm, but like Invest Atlanta. Our community improvement district is smaller, but we have great partners. They offer programs for small businesses to be seen on a higher platform, attracting people. With the World Cup coming, it’s an opportunity for them to put their businesses out front, to draw folks to the West End and Castleberry Hill. It’s the West End CID, but we don’t want to forget Castleberry Hill is part of it, especially since it’s closer to Mercedes-Benz Stadium. Visitors will hit Castleberry Hill before the West End. The partnership with the city of Atlanta, the Atlanta Beltline, and Invest Atlanta is helping. They have a website and link for visitors to see these businesses. The diversity in this African-American community is an attraction, offering a unique mix you might not get elsewhere. We’re working with these partners to lift up those businesses right now.

Styf: We will continue to protect and strengthen the assets and revenue that come into the district. We are focused on different ways we are raising funds, securing grants, and being thoughtful with our tax dollars to ensure we are partnering with all levels of government to accomplish our goals. 

We conduct studies and identify lots of projects, and there’s never enough money to do all the things we want or need to do. We want to ensure Town Center’s longevity and success by being a vibrant community with a diverse number of assets. A mall in need of redevelopment has been part of our master plan for more than 20 years. It’s not an if, it’s a when. We’ve seen the revenue of our district be pulled down by the mall, and the decline in property value has direct correlation with what our property values could have been if the mall had continued to thrive. 

Over the past decade, Cobb has seen a 156% increase in property value, and Town Center has seen a 122% increase. The anchoring effects of the mall property have contributed to revenue decline. We are working with all partners to reimagine what can be done and doing it in a focused, strategic way that invites the development community to come and show them our tools to be the best partner.

 

For more information, please visit:

https://www.assemblycid.org 

https://www.towncentercid.com 

https://www.westendcid.org 

Spotlight On: Jon Tomberlin, Managing Partner, Atlanta, Forvis Mazars

Jon_Tomberlin_Spotlight_OnSeptember 2025 — In an interview with Focus:, Jon Tomberlin, managing partner of Forvis Mazars in Atlanta, discussed how the organization utilized agility and strategic growth to build a hub of excellence in Atlanta. “We want to make sure that we provide a good environment to grow a great career, with clients who will appreciate the unmatched experience that we provide,” said Tomberlin.

What changes have most impacted the organization over the past year?

A major milestone for us was the creation of Forvis Mazars Global Network on June 1, 2024. We are a new entrant into the global accounting network, ranking Top 10 globally in revenues. Our network is unique in that it is seamless, whereas many others will have 30 to 100 different firms making up their global network. But this gives us agility and the ability to approach the global accounting networks differently than our competitors — a tremendous advantage. With the same audit methodology and tax software firmwide, we will capitalize on the greater market that we’ve been granted through this merger.

At the same time, we have been paying attention to sustainable growth and strengthening relationships with our clients, making sure our local markets grow intelligently with our new global capabilities. There are obviously many large companies in Georgia, and many international businesses have their U.S. headquarters, or a significant amount of operations, in Atlanta. It is perfectly positioned to be one of the hubs of excellence for our growing SEC practice. I’m really bullish on Atlanta — supported by its infrastructure, it is one of the greatest cities in our nation for work and business.

How would you describe the current demand for your services?

We’ve worked really hard over the last few years to make Atlanta the hub capable of serving our clients in any way they need — the team has been expanding our abilities, resources, knowledge, and skills. We want to be experts in the industries we serve, and that expertise is augmented by our ability to access other services, including tax, audit, and consulting. For example, if a client wants to engage in M&A, we have services for that. We can do buy-side due diligence, sell-side due diligence, and merger integration. As our clients are growing, we have all the services to assist them.

How is the current economic landscape impacting you and your clients?

While Georgia has a great business climate, with good leadership to support growth and a healthy economy, the overall national economic condition is leading some companies to pause discretionary spending, so we’re seeing a bit of slowing down on the consulting side. But the demand for our audit and tax services remains very strong. Tax planning is still top of mind for a lot of our clients. The discussions on the future of tax policy are ongoing in Washington, D.C., and we have set up our Washington National Tax Office to support our clients. We can be ready as changes happen and pivot quickly. Many companies are still required to be audited by regulators or by a bank, so we always tell our clients that the regulatory rigor won’t diminish. However, different administrations have different areas of emphasis. We must be nimble, in tune with what’s happening, and help address any issues that arise.

How has your hiring strategy evolved with the challenges in attracting and retaining top professionals today?

It is so important that we are able to recruit, train, and retain the best people in the industry. We reach out to universities with strong programs, develop meaningful relationships, and try to hire the best individuals available. One of the accounting analogies that I always use with our people is, when they work with us, we want them to build their balance sheet, grow their assets, and minimize their liabilities. It makes them more valuable individually, more valuable to us, and more valuable to our clients. We pride ourselves on our internal training programs — they are constantly in the Top 10 for learning and development. We have always been very good at internal training from year one to year five, and we’ve now instituted an enhanced leadership training program for mid-career professionals and partners. Our people have been very receptive to it, and our turnover ratio in Atlanta has gone down, below industry standards.

How involved is your organization with civic engagement?

We’re always looking for not-for-profit organizations to partner with, through both our time and resources. We have annual IMPACT Days that have become an excellent opportunity to connect with the community, and Forvis Mazars has a foundation which, in Atlanta, is funded by the partners and other charitable contributions. Some of the biggest organizations that we support here are the Boys & Girls Clubs of Metro Atlanta, Children’s Healthcare of Atlanta, and Atlanta Community Food Bank. We partner with other CPA firms in the annual Georgia Accounting Food Fight to raise awareness and money for the food bank. Our foundation also raised an additional $50,000 for not-for-profit organizations in the Asheville area, after the hurricanes last year. We have an Asheville office, and we know the destruction that happened to the communities there. We’re very fortunate to be in the profession we’re in, so we are always looking to give back to the community.

How are you leveraging tools like AI and data analytics to deliver client services efficiently?

We have an innovation lab: the EDGE program. This group finds cutting-edge solutions, creating a number of new products and services. We have a tool called SALT Explorer, for construction and real estate contractors to use during project planning or bidding. It easily navigates complexities and risks associated with varying sales and use taxes, especially when operating in multiple states. Another tool is the Program Economic Analysis, which helps colleges and universities model various financial scenarios. It covers program development, enrollment targets, and budget planning. For instance, there is House Bill 148 in the state of Georgia, which changes the requirements to become a CPA. Universities that are concerned if we have fewer students going into accounting can use the tool to plan for the future.

As a firm, we have gone through a lot of change in the last three years — we understand how hard change is. We have officially created a Change Hub, including advisory groups and adaptive tools, so we can walk clients through navigating changes. We are putting a lot of effort into this. It makes sense to have products that are not just cool, but that are actually useful for our clients. And we are constantly developing more.

What are your top strategic priorities for the Atlanta office over the next couple of years?

First and foremost, it’s growth. We need to enter these markets that come with the new global network, and take advantage of this new formation. I can’t say enough about how strong Atlanta is for business, and we need to capitalize on that growth alongside our existing clients. New clients will then see the caliber of our people, as well as our willingness to help them grow. 

As a Top 10 firm, we are able to attract additional talent from other firms, the best and the brightest from universities. We have to also grow with our people — we want to always be attuned to the profession’s growing demands. We’ve been hearing for years that artificial intelligence is going to reduce the need for accountants — we heard similar things when Excel came out years ago. I don’t think any of that is accurate. We’ve been needing more people for a long time, and I believe AI is going to bridge that gap between where the demand is and where the current supply is. Those demands are not going away — they’re only increasing. 

Stewardship of the firm and building long-lasting success is also one of our top priorities. That’s what we will focus on as we invest in our people and clients. The key is to ensure that this is a place where people want to work. Over the last couple years, we’ve hired or promoted nine new directors in Atlanta, and that growth in executive-level leadership speaks volumes for our culture. We want to make sure that we provide a good environment to grow a great career, with clients who will appreciate the unmatched experience that we provide.

 

For more information, please visit:

https://www.forvismazars.com/group/en

Technical colleges expand capacity for tomorrow’s workforce

INASe4_Banner_Tennessee_Tech_University

Writer: Eleana Teran

EducationSeptember 2025 — Tennessee is all-in on workforce development, committing more than $1.5 billion to modernize the Tennessee Colleges of Applied Technology (TCAT) in recent years. The upgrades are designed to replace outdated facilities and expand programs that prepare students for high-demand fields.

Work is underway at the Nashville campus, one of 27 TCAT colleges in the state, which is undergoing a $28 million allied health expansion that will add simulation labs for nursing and EMT training, and a separate $52 million aviation facility is underway. This comes at a time when U.S. states are doubling efforts to train students for in-demand jobs.

The Tennessee Board of Regents highlighted that, following the $1.5 billion TCAT package, the focus will be shifting to community colleges. Leaders approved a new round of $449 million in building project requests for FY2026-2027, along with $80.5 million in major maintenance proposals. The board’s actions will advance to the Tennessee Higher Education Commission for review before heading to the governor’s administration and ultimately to the legislature for budget approval next spring.

“Tennessee has recognized the need to better prepare students and workers for today’s jobs, particularly through nontraditional education paths. That includes skilled trades and technical colleges,” said Josh Brown, president and CEO of the Tennessee Chamber of Commerce & Industry, to Invest:. “The governor has prioritized workforce development, putting major funding into technical education. The Tennessee Works scholarships now offer free tuition, previously only available at community colleges, to students at technical colleges as well. It highlights how critical these pathways are to meeting labor demands.”

That commitment is also reflected in new enrollment policies. This summer, the Tennessee Higher Education Commission launched the Direct Admissions pilot, the first program in the nation to link automatic college acceptance with personalized financial aid offers. By streamlining what is often a complex and discouraging process, state leaders hope to boost the number of students who continue their education and enter the workforce.

Local leaders also point to the importance of aligning training with employer needs. “Gallatin has seen rapid population growth, bringing workforce challenges, not in availability but in skill alignment with employer needs. We take a targeted approach by working directly with industries to identify their specific needs. Then, we partner with local schools and our community college to develop tailored training programs,” Gallatin Economic Development Agency Executive Director Rosemary Bates told Invest:. “The focus is on preparing Gallatin residents for jobs here by upskilling workers and ensuring employers find the talent they need to grow. That’s the foundation of our workforce strategy.”

The investments come at a moment when businesses rank workforce availability as one of the most important factors in where they choose to expand. CBRE identified access to a skilled workforce as a crucial driver of corporate site-selection decisions, noting that communities with deeper labor pools are often best positioned to capture new investment.


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Broader impact

The long-term implications extend beyond state borders. A Deloitte study with The Manufacturing Institute projected that 3.8 million jobs will need to be filled in U.S. manufacturing over the next decade, with as many as 1.9 million going unfilled if skill gaps persist. Positions demanding more advanced skills are projected to see the fastest growth between 2022 and 2032, with success requiring a blend of technical manufacturing, digital, and soft skills. 

Doug Wagner, director of Manatee Technical College in Florida, reinforced this in an interview with Invest: by noting, “Postsecondary technical education is thriving. There’s a growing demand for technical education because every one of our 50-plus programs leads directly to a career. With nearly 90% employment for graduates, it’s a pathway with tangible outcomes.”

Equally important is how institutions partner with employers to keep programs relevant. “Our success lies in partnerships with over 400 local businesses,” Wagner added. “For example, our allied health programs moved to a hybrid platform based on input from employers serving on advisory committees for those programs. With some classwork moving from the classroom to online and on-the-job training, students are freed up to go to work sooner. This is a win for students and employers. Students begin earning a paycheck before they graduate, and employers get to have a hand in training their much-needed new employees.”

Other markets are seeing similar results as technical colleges position themselves to serve high-growth industries. “A lot of the high-demand industries are identified well by the state of Georgia, which also provides resources to support training in those areas. Cybersecurity continues to be at the top of the list, along with anything related to networking and information security. Skilled trades also remain in high demand,” said Victoria Seals, president of Atlanta Technical College, in an interview with Focus:. “One partnership we are very proud of is with Microsoft. With so many data centers located in the metro area, Microsoft is building a data center training facility right on our campus. Students will gain hands-on experience during their program and move directly into employment opportunities.”

 

For more information, please visit:

https://tnchamber.org/

https://www.gallatingetsit.com/ 

https://www.manateetech.edu/ 

https://atlantatech.edu/ 

Spotlight On: Onal Kucuk, General Manager, 1 Hotel Nashville

Onal_Kucuk_Spotlight_OnSeptember 2025 — In an interview with Invest:, Onal Kucuk, general manager of 1 Hotel Nashville, discussed brand differentiation through sustainability, the evolving definition of luxury, and balancing technology and the human touch in the hospitality industry. “Technology will continue to play a growing role, but it must support our vision of soulful service,” Kucuk said.

What developments over the past year have most influenced your strategic priorities at 1 Hotel Nashville?

Nashville continues to be a strong market for our industry. In recent years, we’ve seen a surge in luxury hotels, including ours. The competitive landscape in the luxury space has evolved significantly.

We focus on differentiation, especially through sustainability, which is core to our brand ethos. It sets us apart. Competition pushes us to be better operators, innkeepers, and service providers, and we view that as a positive force.

As Nashville grows, we expect more hotels to enter the market, raising the bar. We continue to adapt as the traveler profile shifts. The airport is expanding, and we look forward to welcoming more international visitors.

Meanwhile, the city’s transformation is ongoing. Major projects like Oracle’s headquarters, Amazon’s investments, and the new stadium are making Nashville even more attractive, not just for hospitality, but for investment across industries.

What recent sustainability initiatives at 1 Hotel Nashville have had the greatest operational or guest impact?

Our sustainability approach goes beyond standard practices like recycling or efficient lighting. We take a 360-degree view that includes community impact, carbon and water reduction, and wellness for both guests and team members.

A key initiative is our partnership with Copia, which connects us with local nonprofits that serve underprivileged communities. As a large operation with multiple outlets and events, we often overproduce food to meet guest expectations. Through Copia, we’ve donated nearly 18,000 pounds of food and non-food items this year, including over 7,500 pounds of food and 6,300 meals, with much of it going to Nashville Rescue Mission.

This work is deeply embedded in our culture. Our team is passionate about it, and we attract people who share that commitment. We also launched an internal initiative called Work Well in 2020, which gives team members opportunities to volunteer locally. So far this year, we’ve contributed more than 140 hours of community service.

As long as we operate under the 1 Hotel brand and within Starwood’s values, making a positive impact will remain central to our mission.

How has receiving a Michelin Key impacted 1 Hotel Nashville’s visibility, guest relationships, and strategic direction?

Being named a Michelin Key hotel was an honor. While we don’t chase accolades, this recognition, based on amenities, design, service, and overall experience, was a proud moment for our team.

It also helps us stand out in a competitive landscape. One piece of feedback that stood out came from a talented chef exploring opportunities in Nashville. Seeing our Michelin Key was what prompted him to apply. That kind of interest showed how these distinctions go beyond guest recognition and can attract top-tier talent.

We’ve since made a point of highlighting our accolades in recruitment. Whether it’s a Michelin or a Travel + Leisure listing, these recognitions reinforce that we are a values-driven workplace. In a competitive hiring environment, this kind of validation helps us attract people who align with our mission and are passionate about delivering authentic, soulful service.

How are you leveraging amenities like Harriet’s Rooftop and curated experiences such as the Audi excursions to attract both guests and local patrons?

One of our biggest strengths is our location, design, and range of amenities. Guests can easily spend their entire stay at 1 Hotel Nashville without needing to leave, which is rare in this market.

Harriet’s Rooftop offers a vibrant nightlife experience with a strong food and beverage program and curated events. For more traditional dining, 1 Kitchen delivers a farm-to-table menu grounded in local sourcing, from produce to poultry, all designed with intention and relevance to the region.

Wellness is another core focus. Our Bamford Wellness Spa was named the best in Tennessee in 2024 by World Spa Awards. It features a steam room, dry sauna, and treatment rooms, including spaces for couples. Our fitness center includes a studio where local instructors lead yoga, Pilates, and CrossFit classes.

We also have a long-running partnership with Audi. Guests can check out a car, get chauffeured to local neighborhoods, or book curated excursions. These have included curated hiking trips, farm tours, and concerts at the Grand Ole Opry. 

From our room product to dining and wellness, we aim to be a one-stop urban destination. That kind of comprehensive experience is difficult to find elsewhere in Nashville and is a major part of what defines us.

How do broader macroeconomic conditions impact your operations and revenue strategies?

Like many in the industry, we closely track both macro and local trends. So far, our performance has aligned with national and regional patterns. We’re seeing steady growth across leisure, group, corporate, and out-of-room spending, with no significant deviations from the broader market.

Nashville continues to perform well and, in many cases, outpace other markets. The first half of the year saw strong demand across all segments. A standout shift, especially in our third full year, has been our entry into private events.

This reflects the industry’s recovery and a resurgence in social catering, particularly downtown. We’ve seen growing interest in hosting social events and have been successful in capturing that demand — something frequently discussed among luxury GMs in the area.

Traditionally, Nashville weddings were held in churches with receptions in barns or at golf clubs. That’s evolving. Downtown now offers more choices, and we provide beautifully designed spaces with exceptional food and beverage service. We’re delivering restaurant-quality catering for events of 200 to 300 guests, and that has made a noticeable impact this year.

What role does technology play in creating a seamless guest experience at 1 Hotel Nashville?

Technology in hospitality continues to evolve, and we are actively adapting. Our focus is on delivering seamless guest experiences through our app and its integrated capabilities.

We recently launched MISSION, our membership program. It is not a traditional points-based system. Instead, it was developed to align with our values and offer a more personal, purpose-driven experience. With support from our CRM systems, we personalize stays down to preferences like pillows and drinks.

MISSION also gives guests a platform to give back to the planet. That kind of integration is only possible through technology that communicates across our operational systems. We are also exploring how artificial intelligence can support our service model. It is not about replacing the human connection but enhancing it. AI can manage transactional tasks, which allows our team to focus on more meaningful guest interactions.

Technology will continue to play a growing role, but it must support our vision of soulful service. The definition of luxury is changing. Today’s travelers come with intention, not just to enjoy amenities but to feel something. Our role is to fulfill that feeling. When used thoughtfully, technology helps us do that.

What are your top priorities for the next three to five years, and what opportunities or challenges do you see for the Nashville hospitality market?

Our focus is to stay on course with our message and grow the 1 Hotel brand’s presence, not only in Nashville but as far as our footprint will take us. The company has growth plans that support that vision.

We remain committed to creating meaningful experiences and making a positive impact on the planet. That includes staying actively engaged with the community and supporting it wherever we can. Delivering exceptional, authentic, and soulful service remains central to our strategy. We believe the experiences we create within the building, beyond just sleeping and dining, are truly special.

Looking ahead, we are closely watching how the city will evolve. There is a lot of curiosity about how things will feel once the Oracle campus is completed, the new Tennessee Titans stadium is open, and projects like the Nashville Arts initiative and airport expansion are fully realized. The BNA transit panel being discussed is another development we are monitoring.

Nashville is a dynamic city. For those who have been here longer than I have, the sentiment is always the same: Nashville today is not the Nashville of three years ago, or even one year ago.

We need to remain relevant, stay competitive, and stay true to our purpose. That is what differentiates us.

 

For more information, please visit:

https://www.1hotels.com/nashville