Tall Timber Group

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Happy Halloween!⁠
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How do you take lemons and turn an unfortunate flood into Lemonade? Well, Intervala, a full-service electronics manufacturing services company that provides sophisticated engineering and manufacturing capabilities to global customers in the defense, medical and industrial markets, did just that.

Check out this months Project Profile article in the September/October 2022 issue of Breaking Ground.

You can find the article on page 37.
Click here to view this seasons magazine https://bit.ly/3W3P2us

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As a business owner, you’ve worked hard to build your business. But what about the day when you might want to walk away from it all? Business transition planning is perhaps one of the most complex tasks a business owner will encounter. Many owners have a substantial portion of their family wealth invested in the business, a complexity that requires broader financial planning strategies to address retirement and estate planning needs.

If you lack a comprehensive plan to pass on your business, now is the time to give serious thought to a formal business transition plan. A well-crafted transition plan identifies a long-term strategy that can inform short-term decisions.

Click here https://bit.ly/3DnxlOj to continue reading this article by Jennefer Bartholomew, CEPA®, in this falls September/October 2022 Breaking Ground Magazine.

HARNESSING YOUR EXISTING DATA FOR GREATER INSURANCE SAVINGS

After years of consistent increases in auto liability insurance, businesses have an opportunity to leverage an existing data stream with no upfront costs, and receive immediate, tangible savings.

Interested in knowing more? Read the rest of the article here.https://bit.ly/3DnxlOj

Breaking Ground Magazine
September/October 2022

Read Jamie White, NAIOP Pittsburgh President, last presidential message before president elect, Brandon Snyder takes his seat.

Jaime shares that he is, "genuinely excited for the future of NAIOP Pittsburgh."

Check out his article here: https://bit.ly/3TrPiRV



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ECONOMIC RECOVERY MEASURES
• Despite the effects of the pandemic still looming, Pittsburgh MSA unemployment figures continued at year-end to trend down near pre- pandemic lows, to 4.2 percent.
• This rate is down from a historic height of 16.6 percent as the pandemic first hit in March 2020, showcasing just how the Pittsburgh market has rebounded in terms of the unemployment rate.
• Total employment in the Pittsburgh MSA, however, is still about 50,000 workers below the 2020 highest level. This deficit should narrow as COVID fears diminish further in 2022.

Read the whole article here: https://bit.ly/3Tk1kgi

Do you work in town? Comment below if you do!



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In the fall of 2022, the effects of the pandemic are still palpable from 9:00-to- 5:00; however, the vibrance of nights in
downtown has returned. Restaurants and bars are full. The Cultural District is selling out again. Streets are full of residents walking dogs and suburbanites taking a night on the town.

Do you love the culture and food that is downtown Pittsburgh? Read on to see the evolving face of life in the city.

https://bit.ly/3eGvxr9



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BREAKING NEWS: This week's report on inflation was not good news for those looking to see a pause in the Fed's rate hiking.

Read this full article and more by subscribing to our email at https://bit.ly/3yEkOnU

🔎LEGAL PERSPECTIVE🔍️

THE SAME FEDERAL COURT THAT ENFORCED YOUR ARBITRATION CLAUSE MAY LACK JURISDICTION TO ENFORCE THE ARBITRATION AWARD

Parties to commercial transactions, including specifically construction contracts, often elect to resolve disputes through arbitration rather than traditional litigation...

What does this mean for your construction contracts?
Read more here https://bit.ly/3SVzzLi

Breaking Ground Magazine, September/October 2022, Page 44

AWARDS & CONTRACTS:
What's happening in the Pittsburgh area...

Are you in the know? Check it all out here in the September/October issue of Breaking Ground:https://www.mbawpa.org/assets/files/past-issues/CP_BreakingGround_SEPTOCT-LowRes.pdf

Want to know more about what's happening in Westmoreland County?
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The September/October 2022 of Breaking ground is available online at https://www.mbawpa.org/news/breaking-ground-magazine/
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Nearly $1.1 billion in construction activity occurred during the fourth quarter of 2021. The higher-than-normal level of contracting was a result of the start of several larger projects and optimism about the return to normal from two pandemic years.

Also at that time, the Fed was still signaling its own optimism about the need for monetary tightening to rein in inflation. Interest rates are now three percentage points higher than in October 2021 and are likely to go another full percentage point higher before the Fed stops hiking in 2023. That has chilled activity, especially in housing and commercial real estate. And, while the demand side of the economy has mostly normalized, concerns about a recession in 2023 have grown and will likely reduce construction spending into the first quarter.

Tall Timber Group forecasts that the slowdown in the fourth quarter will result in contracting for the full year falling roughly $300 million short of the previous year.

Read more about the market in the Sept/Oct at https://bit.ly/3rudcAw

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