City Slicker’s Business Career Alert: Small Towns Are Hot!
Serious job seekers may be surprised to learn that their most exciting business career growth options could best be uncovered in small town America.
The Milken Institute, a private think tank, annually ranks the job growth in cities, according to Time Magazine. 11 of the top 20 cities had populations well under 1 million.
The study showed that many smaller regions share characteristics that act as job magnets. These include lower costs, tax breaks for employers, funding for entrepreneurs and a deepening pool of skilled and educated workers.
Many are college towns, seats of government, or home to a big company that nourishes others. Thanks to the internet and to satellite technology, a company in Iowa can be as connected as one in Los Angeles.
So, if you thought all the job opportunities are to be found in large cities exclusively, the evidence shows the contrary is true. And if you’re looking around, this may be the right time to consider that small town environment you always dreamed about.
Job seekers who once thought their business career was in major cities and turned their noses up at small town positions . . . well, times have changed and now they’re eagerly seeking small town opportunities while pickings in the big cities are suddenly slimmer.
How do these towns come up with desirable jobs? How can they fulfill your business career aspirations?
Companies don’t move to these small towns on a whim. It generally takes money in the form of incentives. For example, Arkansas has spent 0 million on roads and airports around Fayetteville over the past decade. Cities like Fort Myers and Santa Fe offer tax abatement packages to big and small business in exchange for creating jobs.
If you’re in the job market, maybe small town America may be your business career advancement choice. Of course, acclimating to smaller-town life can take time, especially for former city slickers. But, for a lot of folks, their biggest concern is that small town job opportunities may suddenly get very popular.
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The carnage of the economic downturn is everywhere with bankruptcies, foreclosures and unemployment soaring nationwide. None of the 50 states are immune. Only two, Alaska and North Dakota, are expected to see employment gains this year. Maryland, North Dakota and Virginia (by a hair) are the only states where the economy is projected to expand in 2009. Housing? Every state saw a decline in median home prices last year
The recession has shaken up our fourth-annual ranking of the Best States for Business with some big movers up (North Dakota, Oregon and Iowa) and some former high-fliers on the way down (Florida, Nevada and Arizona).
Amid this mess, Virginia nabbed the top spot with the best business climate in the country for the fourth straight year. Virginia’s economy has deteriorated, with the number of unemployed soaring 60%, while gross state product is flat and household incomes are expected to fall 4%, according to West Chester, Pa.-based research firm Moody’s Economy.com.
Relative to the rest of the country though, Virginia is booming. Its 6.5% unemployment rate is fifth lowest in the country with the four states ahead of it all having dramatically smaller economies and employment bases. Virginia is the only state ranked in the top 20 in each of the six broad categories we examined. The state finished in the top three in half of those categories (labour supply, regulatory environment and quality of life). Virginia’s 5 billion economy is expected to be the 10th largest in the U.S. in 2009.
The state benefits from a highly educated workforce that is expected to expand over the next five years. Energy costs are 30% below the national average. The state’s tort environment ranks fifth best in the country, according to California think tank Pacific Research Institute. The state government’s finances are in good shape–it’s held on to a top AAA rating from Moody’s since 1971. Eleven public companies with more than billion in revenues call it home, including Altria, General Dynamics and Capital One Financial.
Smart incentives help, too. Each year Park Ridge, Ill.-based Pollina Corporate Real Estate does a study that compares states’ economic development departments and programs. This year Virginia topped the Pollina study after finishing second last year.
“Virginia’s economic development department truly understands what global competition is all about,” says Brent Pollina, who authored the study. The Virginia Jobs Investment Program, for example, is open to both new and existing companies and offers flexible and customized employee recruiting and job training for businesses. The program has helped more than 2,400 companies over the past five years recruit and train 75,000 Virginians.
“We believe we offer a unique proposition because companies know the business climate is going to remain friendly,” says Jeff Anderson, head of the Virginia Economic Development Partnership. In February, Hilton announced it would move its corporate headquarters from Beverly Hills to Fairfax County. Last year Canon revealed plans to expand its Virginia operations with a 0 million investment that will create 1,000 new jobs. Overall companies announced plans to spend .1 billion to relocate or expand in Virginia in 2008, which is expected to create more than 20,000 new jobs. http://www.workathomewebjobs.com
Our Best States ranking measures six vital categories for businesses: costs, labour supply, regulatory environment, current economic climate, growth prospects and quality of life. We factor in 33 different points of data to determine the ranks in the six main areas. Business costs, which include labour, energy and taxes, are weighted the most heavily. We relied on nine different data providers. Moody’s Economy.com is the most-utilized resource.
A common theme with our top-ranked states is an expanding, educated workforce. The three states that followed Virginia in the rankings (Washington, Utah and Colorado) also ranked in the top four along with Virginia in our labor supply category, which looks at high school and college attainment, as well as net migration and projected population growth. “When we talk to prospective clients, their No. 1 issue every time is workforce,” says Virginia’s Anderson.
Three of the biggest drops in our ranking were states where the housing boom and population surges once fuelled rapid economic growth. In our 2007 ranking, Arizona, Florida and Nevada were the top three states in several areas including: five-year net migration, projected population growth, gross state product growth and five-year projected job growth. With the collapse of the housing market, the outlook is far less rosy. People are expected to continue to flock to these three states, but the employment and economic forecast has worsened considerably in all three locales. Each of these states fell at least 10 spots in the current ranking. http://www.moneymymoney.com
New Jersey also had a big fall. Over three years, the state’s ranking plunged from 19th to 34th to 45th this year. High business costs have been a long-time problem (12% higher than the national average) with taxes being a major gripe. The Tax Foundation dubs New Jersey the worst state when it comes to its business tax climate. Fed up, residents are fleeing. Net migration out of New Jersey was the seventh worst among all states over the past five years. The Garden State also ranks poorly for job growth, income growth and economic growth over the past five years.
While New Jersey slides, our bottom three states from last year (Alaska, Louisiana and West Virginia) all climbed at least four spots. On the strength of an improved economic and employment outlook relative to the rest of the country, West Virginia moved up to 46th place after two straight years at the bottom of our list. Alaska is projected to have the strongest job growth of any state over the next five years and ranked 42nd, up six spots from last year.
Louisiana is making a comeback from the damage inflicted during Hurricanes Katrina and Rita in 2005. The state moved up five spots to 44th place. Louisiana launched a workforce development reform plan last year that borrows heavily from labor programs in Texas and Georgia, both among our top 10. “Louisiana Fast Start has changed the perception of Louisiana’s workforce from a concern to a top selling point,” says Stephen Moret, head of Louisiana Economic Development. Moret cites the program as central to attracting business expansions by a new green car company, V-Vehicle, and manufacturer Gardner-Denver.
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You may dream of one day holding a management level job in the music businesses. If that is the case, here are the different music jobs that you can choose from.
Personal Manager or Agent
A personal manager or agent works with an individual artist or band and basically manages every aspect of their career. This ranges from their finances, booking their gigs, and advertising and promoting them. Most personal managers will only take on one to three clients at time, depending on how large the clients are and what level the clients are at. The main job of a personal manager is to see the band or artist succeed and make it to the top of the charts.
Retail Sales Management
Maybe you dream of working in a music store or owning your own music store eventually. One of the best music businesses jobs in the retail industry is the management position. Your main job is to operate the music store and oversee every aspect of the store. This may include promotions, training, supervising other employees, ordering products, and customer service.
Business Manager
A business manager will handle all the financial affairs for an artist or band. To be a business manager you should pursue a degree in business administration, and accounting and finance. This is one type of music business jobs that will require a college degree, as you have to know how to accurately handle the business and finances. As a business manager, you will be negotiating payments, doing taxes, and handling investments.
These are just a few of the many different music business jobs that are on a management level. There are other jobs, some being with music labels while others may be with advertising and public relation companies. Management level jobs do require experience and you may have to work at a lower job for several years before you can take on these management level music business jobs.
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