Hickey’s European Government Incentives & State Aid Update - January 2022

Hickey Jobs Report Update – U.S. added 199,000 jobs as unemployment dropped below 4% in December 2021.

Hickey Jobs Report Update – US adds 210,000 jobs as unemployment drops to 4.2% in November 2021.

The global semiconductor shortage has cost businesses billions in unrealized revenue and the end is nowhere in sight. Overseas shipping ports continue to experience quarantine related shutdowns. Truck drivers can’t keep up with demand when products do arrive, and the variance of chip types needed per industry have created the “perfect storm” for a semiconductor chip crisis.

Hickey Jobs Report Update – US adds 531,000 jobs as unemployment drops to 4.6% in October 2021.

From the availability of talent, to where talent actually wants to be, is a concern. People are reluctant to go back to the office despite being encouraged by their company's. We will see this normal out over a period of time, but we will not being using offices like we did before. The opportunity to reengage with your workforce is now!

The office sector has experienced massive disruptions in labour availability. Unemployment levels are back down to pre covid numbers and job postings are at record highs. Wage inflation is up across Europe, not just in London. All of this is leading companies are carefully considering where to put their locations.

From a location strategy standpoint, the pandemic has changed things in many dramatic ways. Normalizing key data in cities around the world for comparison is critical now and in the future.

Hickey Jobs Report Update – US adds 194,000 jobs as unemployment drops to 4.8% in September 2021.

As the EU and individual countries attempt to counteract the devastating economic consequence of Covid, they have developed a unique set of new programs. Managing Director, EMEA, Guy Douetil provides a brief summary of what companies need to do.

There have been dramatic changes in supply chain and logistics over the last decade, but never more so than now.

As part of the State of California’s economic recovery plan, Governor Newsom and the California Legislature allocated $120 million for fiscal year 2021-2022 for a new California Competes Grant Program (CCGP). This program is an addition to the existing California Competes Tax Credit program, which has an allocation of $394 million available for fiscal year 2021-2022.

The European supply chain continues to experience massive delays due to the pandemic and subsequent labor shortage.

Hickey Jobs Report Update – US adds 235,000 jobs as unemployment drops to 5.2% in August 2021.

The pandemic's effect on labor and workforce has been dramatic and substantial

The UK Government acted today by sending Parliament a new Subsidy Control Bill based on the recent consultation period. The bill is designed to take advantage of its independence as a trading nation post Brexit by supporting UK jobs and businesses.