May 2021
News + Updates
Highlights
ESI was commissioned by the Capital Trails Coalition to evaluate the economic, social and environmental impacts of the Capital Trails Network across the Washington, DC metropolitan region. ESI examined the current, existing network as well as the entire network upon completion of proposed trails. 
ESI provided an update of the 2018 economic impact report of Pennsylvania’s farming sector for Team Pennsylvania and the Pennsylvania Department of Agriculture, offering insights on trends, and recommendations. To do so, we took a close look at the 2019 Pennsylvania Farm Bill, analyzed national trends in the agricultural industry, and evaluated the impacts of broader events, including the COVID-19 pandemic, as well as the continued impacts due to climate change, to present the current state of Pennsylvania’s agricultural industry. Learn more.
The USDOT is accepting applicants for the FY 2021 round of the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) discretionary grant program (formerly BUILD and TIGER) to fund transportation projects of national and regional significance to help boost employment. ESI can help with your application for this highly competitive program. Learn More.
Upcoming Events and Sponsorships
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Staff and Senior Advisor Updates
Jeremy Sunkett was a shark at Urban Land Institute's shark tank on April 29th.
In an interview that aired on WHYY, Stephen Mullin explained his support for the implementation of a partial land value tax proposal.
Bernard M. Markstein produced a report for the month of March in which he estimated the state construction unemployment rates for the Associated Builders and Contractors. His report was published here. He also conducted a GLG webinar on U.S. Residential Construction Update & Outlook.
Gina Lavery will be moderating a panel with the Chamber to discuss Philadelphia’s FY22 budget & five-year plan on May 12. Register hereShe also serves as the board president of Lambda Alpha Philadelphia, an organization that ESI proudly sponsors annually.
Joyce Lee will speak at a conference in Hong Kong addressing green museums and the Paris Agreement in advance of COP 26. Read more.

Blane F. Stoddart's firm BFW has revamped and are relaunching their cost estimating department, as they continue to grow at the Philadelphia Navy Yard.
Richard Bickel will be participating (virtually) in the American Planning Association annual planning conference from May 5 to 7.

A warm welcome to Joyce Liu for becoming a full-time Analyst at ESI!
News from the Lab
Upcoming Webinar - Wealth and Asset Management 4.0: How digital, social, and economic shifts will transform the industry
Please join ESI ThoughtLab, FinTech B2B Marketing, and advisory board members of the Wealth and Asset Management 4.0 research study for an interactive discussion examining the mega trends disrupting the wealth and asset management industry.

The ongoing pandemic has rapidly accelerated digital, social, and economic shifts transforming the wealth industry. These developments have pushed the fast-forward button on digital transformation, giving rise to the sector's next phase: Wealth Management 4.0.

Panelists include:

  • Lou Celi, ESI ThoughtLab
  • Andrew D'Anna, Charles Schwab & Co.
  • Gauthier Vincent, Deloitte
  • Ronen Assia, eToro
May 27, 2021 12:00 - 1:00 PM ET

U.S. - China Research
If tariff rise imposed by Donald Trump in the trade war can be deemed as the beginning of "anti-globalization," the Biden administration's proposal for the minimum global tax rate could very well promote such "anti-globalization" to further affect corporate investment and development. These changes mean that the global trade and investment order under the WTO framework in the past will further collapse and disintegrate. Read the article.
Present Value
Associate Director Jing Liu, analyses the Philadelphia Housing Index (PHI) in light of the COVID-19 pandemic. Ms. Liu evaluates permits issued for new residential and commercial construction in Philadelphia neighborhoods over the past year to see how the market has fared.
by Laura Garcell Nimylowycz
Editorial Assistant Laura Garcell Nimylowycz examines how the COVID-19 pandemic has led to an expansion in smart city programs and why cities are adopting new cybersecurity trends.
by Jing Liu and Rebecca DeJoseph
Jing Liu and Rebecca DeJoseph discuss the importance of independent think tanks for global advancement with our China-based partner, ANBOUND. ESI and ANBOUND answer questions related to the future of think tanks in a post-pandemic era.
by Bernard M. Markstein
Senior Advisor Bernard M. Markstein analyzes the erratic change in lumber prices due to the COVID-19 pandemic and how it has impacted the construction industry.
Client Spotlight
Our client Reading Terminal Market was voted the best public market in America in the 10 Best Readers Choice competition from USAToday. Congratulations to all the merchants, staff, and vendors! Read more.
Congratulations to Hilco Global for their work with the former Philadelphia Energy Solutions refinery for being recognized as one of the best real estate deals of 2020 via Philadelphia Business Journal!
Congratulations to 3.0 University Place on being recognized as one of the best real estate deals of 2020 via Philadelphia Business Journal. Read more.
Congratulations to LA Battery for being awarded $1.24M from PennDOT Multimodal. ESI helped LA Battery with their grant application. Read more.
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