Keeping you in the loop.

July 2016 Emergency Board Testimony (July 2016)


On July 21, 2016, Jeffrey B. Carr testified before the Vermont Emergency Board concerning the revised consensus revenue forecast for the State’s 2017 and 2018 fiscal years.  The revenue forecast update was adopted unanimously by the five member Emergency Board comprised of the Governor and the four chairs of the “money committee” of the Vermont Senate and Vermont House of Representatives.  The report is attached below.    


EB5 Investors Magazine NY Summit (July 2016)


EPR's Jeff Carr participated in a panel discussion on how to put together an "approvable EB-5 Project" at EB-5 Investors Magazine's 2016 EB-5 Conference in New York City on July 18th.

Mr. Carr presented information regarding what is required to complete an economic impact study and explained the differences between establishing your own regional center versus "renting" an already established regional center.

Resort Hotel Association Conference (July 2016)


Subject:  "The Short-term Economic Outlook under the "New Normal".  On July 11, Jeffrey B. Carr of EPR gave a presentation on the economic outlook for the United States—with a focus on the tourism industry—at the Resort Hotel Association's annual conference in Pebble Beach, California.

Mr. Carr's presentation is available as a PDF below:


BLS Releases June 2016 Employment Situation (July 2016)


The Bureau of Labor Statistics has released employment data for June 2016. Unemployment rose 0.2 percentage points to 4.9%, though nonfarm payroll employment increased by 287,000.

Employment rose in the information sector after workers returned from a strike. There was also job growth in leisure and hospitality, health care and social assistance, and financial activities.

The full release is available as a PDF below:


BEA Releases Third Estimate of Q1 GDP and Revised Corporate Profits Estimate (June 2016)


The Bureau of Economic Analysis has released its third estimate of first quarter 2016 gross domestic product and revised estimate of first quarter corporate profits.

The third estimate of GDP, based on more complete data, shows GDP increasing at an annual rate of 1.1%, which is up from 0.8% in the second estimate and 0.5% in the advance estimate. This is still a slight deceleration, however, from fourth quarter 2015, which saw GDP increasing at an annual rate of 1.4%. The data used in the third estimate paint a similar general economic picture, but show an increase in exports.

The revised estimate of corporate profits shows a greater increase of $34.7 billion, which is up from the preliminary estimate of $6.5 billion. This increase shows a great contrast with the $159.6 billion decrease seen in the fourth quarter of 2015.

The full report is accessible via the link below:


Client Resources

EPR has complied a list of valuable resources that benefit our clients. Read through our whitepapers and published articles to learn more about how our services can be of help.

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BLS Releases October...

The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in October on a seasonally adjusted basis after rising 0.2 percent in September, the U.S. Bureau of Labor Statistics reported today. Over the last...

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