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Articles by Eric Thompson
Economic impacts of the Tyson beef plant closure in Lexington, Neb.
An economic impact analysis estimates that the permanent closure of Tyson Foods’ beef processing plant in Lexington, Neb., would result in $3.3 billion in annual statewide economic losses. The analysis projects more than 7,000 jobs lost statewide, including 3,212 plant positions, along with significant reductions in labor income and state and local tax revenues. Photo courtesy Tyson Foods Tyson-RFP-011226 On Friday, Nov.
Economic Impacts of the Tyson Beef Plant Closure in Lexington, Nebraska
FacebookTwitterEmailMessengerCopy LinkMessage Photo Courtesy of Tyson Foods — An economic impact analysis estimates that the permanent closure of Tyson Foods’ beef processing plant in Lexington, Neb., would result in $3.3 billion in annual statewide economic losses. The analysis projects more than 7,000 jobs lost statewide, including 3,212 plant positions, along with significant reductions in labor income and state and local tax revenues.
Economic Impacts of the Tyson Beef Plant Closure in Lexington, Nebraska
By Elliott Dennis and Eric Thompson Situation On Friday, November 21, 2025, Tyson Foods announced it would permanently close its beef processing facility in Lexington, Nebraska, effective January 20, 2026. The company also announced it would convert its Amarillo, Texas facility to a single full-capacity shift. The Lexington plant employs roughly 3,200 people and can slaughter almost 5,000 cattle per day approximately 4.8% of total daily U.S. beef slaughter (Dennis and Smith 2025).
Information technology adoption and the growth of nonemployer businesses
Supporting Information Filename Description jems12601-sup-0001-Appendix.docx109.4 KB Supplementary information. REFERENCES , , , & (2018). Measuring the gig economy: Current knowledge and open issues [National Bureau of Economic Research Working Paper Series No. 24950]. https://doi.org/10.3386/w24950 , & (1996). Firms' use of outside contractors: Theory and evidence. Journal of Labor Economics, 14(3), 394–424. , & (2006). Outsourcing and offshoring of business services: How important is ict?
The 5 most important questions local business owners should ask themselves | Expert column Original
As we swiftly approach the end of the year, it’s crucial for local business owners to pause, reflect and strategize for a strong finish to the fourth quarter. The year’s end presents a unique opportunity — not just for celebration — but for introspection and planning. Here are several questions every local business owner should be asking, along with potential solutions to ensure a positive year-end trajectory. 1. Do we have enough liquidity to weather rocky economic times?
Datasheet: Enterprise-Wide Vulnerability Dashboard
Datasheet: Enterprise-Wide Vulnerability Dashboard Learn how the ActiveState Vulnerability Dashboard is designed to do just that by providing a comprehensive view of dependencies and their vulnerabilities, enabling more effective risk assessment and remediation efforts. Datasheet: SBOMs for Medical Device Manufacturers Learn how ActiveState provides a simple, standard way for medical devices manufacturers to create and track SBOMs.
Lessons for local business owners after SVB fall | Expert column
The sudden collapse of Silicon Valley Bank has sent major shock waves across the venture capital and startup communities, forcing business owners, both locally and nationally, to scramble as they aim to shore up their finances, fearing a bank run could eliminate their uninsured balances.
2023 resolutions for Virginia business owners | Expert column
The new year isn’t just a time for personal resolutions. Now is an extremely important moment when many business owners hit the refresh button and look for opportunities to change and improve their company. If you own a business, have you thought about what resolutions you will be making in the new year? We think 2023 will be “a year of inflections” — for inflation, interest rates and economic growth.
As the economy wavers, business owners should do this | Expert column
Business owners today are facing many direct challenges because of the economy. Major central banks continue to raise interest rates to bring inflation down to medium-term targets. Higher rates influence the cost of capital. Other factors, such as Russian energy flows and national debt dynamics, may imply higher funding costs for firms and greater uncertainty. In Europe, bank lending standards are tightening, business demand for loans is softening and bank funding conditions are more challenging.
How Valuation Works
It’s astonishing just how much of human behavior can be ultimately traced back to somebody trying to increase the valuation of something. When we see huge corporations like Facebook—I’m not ready to call them “Meta” yet 😅—marshal incomprehensible resources towards making ideas like “the metaverse” happen, that’s about valuation. When NFT collectors flock to projects that show signs of breaking out, that’s about valuation.
The Market Wedge: How to Pick Your Initial Market
It’s 2011. You’re a New Yorker visiting San Francisco, and your friend tells you about this magic new app called “UberCab.” You press a button, and a driver shows up within minutes. Amazing! A few days later, you’re back in New York. You open the UberCab app and... it doesn’t work! You become the physical embodiment of take-my-money.jpeg. Why won’t they take your money??
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