Publisher's Note: Chili mania
By Jody Reese
It can be easy to point out the flaws in a city of 110,000 people — and it’s those things that make the news. But this week Manchester had something else in the news and it was world class and hugely successful. Manchester was hopping this past weekend for the World Champion Chili Cookoff. Thousands of hungry people jammed into Veterans Park to taste some of the world’s finest chilis. And this was a city government-led event. The Manchester Mayor’s office working with the economic development office brought in several local non-profits to provide extra manpower. Good job, everyone.
Good Economic News: I received an e-mail from Grubb and Ellis, a real estate advisory firm, that “personal income growth accelerated to 0.5 percent in August, the largest increase this year, which helped propel a solid 0.4 percent increase in spending by individuals.” And reader Art Anderson from Antique Cufflink Gallery reported: “Sales over last year are up significantly and leading indicators, like blog hits and email inquiries, foretell continuing rapid growth. What makes me most optimistic is that we serve a narrow niche — antique jewelry and custom jewelry design — that is some what at the extreme end of discretionary spending. Our industry is usually one of the first to go down and last to come up during an economic downturn and recovery.”
The Wall Street Journal reported that the commercial real-estate market is turning the corner with pricing beginning to stabilize after falling in recent years.