Local (Alabama) Economy

I Can’t Take Another 2008!

October 29, 2014, by John Norris

Click link below for full recording of John Norris' Montgomery Advertiser  article, previously published October 26th 2014. [audio mp3="https://www.oakworthcapital.com/wp-content/uploads/2014/10/October-26-2014-Advertiser.mp3"][/audio]

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Incentives are risky, but so is not making the attempt

September 2, 2014, by John Norris

I saw the state gave Baxter International something like $5 million in incentives to expand its plant in Lee County and potentially create 200 new jobs. That seems like a lot of money for that number of jobs, is it? From what I understand, the incentive package is chockablock full of, well, incentives. The company gets $1 million when it adds 100 jobs, and another $1 million for the next 100. After that, the incentives...

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Some Common Cents for February 28th 2014

March 3, 2014, by John Norris

People have asked my opinion about a lot of different things this week, and with so much going on in the world around us, I have had a hard time focusing on one issue. There are simply so many. So, I have decided to do something a little different this week, and throw a bunch of darts against the wall to see if any stick. Here goes nothing:  More...   The opinions expressed within this...

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Is now the right time to buy real estate on the Gulf Coast?

July 22, 2013, by John Norris

  There are no such things as bad investments; there are only bad prices. After all, you could have bought a house in Gulf Shores in 2007 at the top of the market and still had an asset worth something in 2010. Sure, the market value might have been less than your cost, but someone would have been willing to pay you something for it. Read the full article as previously published in the Montgomery Advertiser...

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When will the Jobs Reports numbers begin to really pack a punch?

June 10, 2013, by John Norris

This week, the government announced the economy created 175,000 jobs during May. While nothing to sneeze at, will that type of number eventually make a dent in the labor picture? The real question is: what number of jobs must the economy create each month to get to some predetermined ideal? Do we want 70 percent of the adult population looking for work? Is 60 percent OK? Or do we want 66 percent, a nice two-thirds?...

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So far, AL immigration bill, HB56, an economic non-event

April 22, 2013, by John Norris

  Congress is currently debating immigration reform. Alabama beat it to the punch with HB56 a couple of years ago. How has this legislation impacted the state’s economy thus far?   How has the infamous HB56 impacted the Alabama economy? That is a great question, and I apologize for the answer: No one really knows, as it is still too early to tell, if we ever can tell... Read full article as previously published in the Montgomery Advertiser April 19,...

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Happy Birthday to Oakworth! Celebrating 5 Years This Week!

April 4, 2013, by John Norris

What is your competitive advantage? What sets you or your firm apart from the rest of the maddening crowd? How do you add value? Do you even know how you do or if you do? The Official Tourism Resource of the State of Mississippi (Mississippi) has recently been running an advertising campaign advising people to “find your true South.”  Since regionalism and regional pride is probably strongest in the Deep South, this undoubtedly sounded like...

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Education Woes, Not Just a School Problem…

March 26, 2013, by John Norris

You tend to put everything in an economic context. So, what is the potential economic impact to the state of the controversial Alabama Accountability Act the governor signed into law this past week? After reading the legislation twice, the overall economic impact will probably be somewhere in between the loudest arguments from both sides. Such is the case with most things. However, this act alone won’t cure what ails our public schools. Educating a child...

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Taxes are a necessity for our schools…here’s some number crunching

December 19, 2012, by John Norris

Obviously, the end of the year is fast approaching, and Washington still hasn't hashed out a tax policy yet. What is the likelihood the increase in taxes will drive the economy into recession? We tend to get blinded by the word taxes. While no one likes paying them, there are taxes, and then there are taxes, if you catch my drift. Basically, not all of them are bad, because, we, as citizens, get something tangible for them....

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Sneak a peek…Q & A with John Norris featured in this Sunday’s B’ham News

August 17, 2012, by Shelley deClerk

Does your background as an economist help in your job as director of wealth management at Oakworth Capital Bank? You have to have an idea about where the economy is headed in order to properly invest money. If the economy is headed for recession, you want to load up on government debt and consumer staples. If the economy is poised for growth, corporate bonds and cyclical stocks make more sense. If the economy is doing...

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