By Richard E. Jordan II, CEO, Smith Land & Improvement Corporation
As published in the Central Penn Business Journal on January 14, 2011
In IBM’s 2010 CEO study, “Capitalizing on Complexity,” 1,500 leaders in the world’s public and private sectors identified “creativity” in navigating first-of-their-kind experiences as the single most important leadership competency.
Nearly every business has endured significant first-of-their-kind experiences in the last 24 months; perhaps no industry more so than our own—commercial real estate.
For Harrisburg, the public-sector reality is that the city owes $288 million as a result of the ill-fated upgrade of its trash incinerator. More than $60 million in debt payments is due now. Despite these challenges, however, the Harrisburg region wields a strong confluence of opportunity and success. The national drumbeat of debt and collapse for the city, as well as its recent Act 47 distressed-city designation by the state, does not define the business community.
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