Helios

Topics: Economics, Economy, Unemployment Pages: 2 (378 words) Published: June 18, 2013
The author makes a point that the corporations should look to the city of Helios for new business opportunities or a new location. Author makes this point on the evidence that the unemployment in the city has been lower when compared to the regional average and that it has historically provided more manufacturing jobs than its share of the region. Further, the author says that Helios is attemption to expand its economic base by attracting companies to focus on Research an developmen of innovative technologies. However, the evidence provided by the author does not straight away lead to the conclusion that the corporations should consider Helios as a new location for seeking business opportunity. The following paragraphs explains how the evidence is not sufficient and the assumption incorrect.

Firstly, the author states that the unemployment rate was lower in Helios when compared to the regional average. However, Helios being a industrial center of a particular region, its unemployement rate can't be compared with the region, but shall be compared with other developed cities. Further, author states that Helios has provide more than its share of region's manufacturing jobs. It fails to provide the information regarding its share of jobs in other sectors. The author wrongly assumes that the high share of jobs in manufacturing sector as a representative of its share of total jobs. Further, unemployment rate and high share of manufacturing jobs are not the criterions that corporations look for when investing in a new location. The author should have provided some other information which corporations look for in order to make a more logical conclusion.

Further, author states that Helios is attempting to expand its economic base by attracting companies that focus on research and development of innovative technologies. Author fails to state what is being offered by Helios to attract the corporations. Author once again fails to provide complete...
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