The quality of a region’s infrastructure and transportation system directly impacts its chances for current and future economic success. Measures of infrastructure and transportation include a review of major highways, transit and airport systems, and level of traffic congestion that all impact the ability to do business. Ohio has a robust highway and roadway transportation […]
Ohio, like the nation, is transitioning from a manufacturing based economy to a service economy. The Buckeye state remains a manufacturing leader but the number of jobs in this sector have seen a dramatic decline. Trade, transportation and utilities, education and health care, government and professional service jobs all have more jobs in Ohio than […]
Measuring a region’s economic performance is the next critical step to a corporate site location analysis. Again, population growth, regional Gross Domestic Product growth, market size and other factors are critical to measuring the economic attractiveness of a market. The population size of a market is an important measure of a region’s overall attractiveness. The […]
How a site compares to others sites from a demographic standpoint can be a critical factor in a corporate site location decision. Demographics measures the impact of population on any given issue. For over two hundred years, the impact of population growth on economic development has been a hot topic. In 1798, Thomas Malthus, a […]
A critical factor impacting a company’s corporate site location is the economic success of the state in which they are considering locating. State governments play a large role in the success of a region. Companies will conduct a review of the state’s economic performance through a review of the state’s economy involves understanding the state’s […]
The waiting is painful. The U.S. Treasury Department has certified over 8700 census tracts across the United States as Opportunity Zones. Through a comprehensive public engagement process the nation’s Governors recommended eligible census tracts and the Treasury all according to the required statutory deadline certified the Opportunity Zone census tracts across the U.S. that can […]
Dominant US Market. The US $18 trillion economy constitutes nearly 25% of the global economy and is the worlds’ largest followed by China at $11 trillion. Growth of the US Market. Real GDP increased at an annual rate of 2.2 % in the first quarter of 2018 and, in the fourth quarter of 2017, real GDP increased […]
The Central Business District AKA the Downtown of any community, urban, suburban or rural, is critical to the economic success of a region as Downtown is a center for commerce, arts, and mixed use developments that attract attractive younger, Millennial workers. The redevelopment of Downtowns center on creating a comprehensive land use plan and aligning […]
Cincinnati, Cleveland and Columbus are often referred to collectively as the 3Cs and are major Ohio cities but they truly are separate entities—sometimes called city-states with not much else in common. From a macroeconomic standpoint, Columbus, compared to Cleveland and Cincinnati, is an economic mecca. 3Cs Demographic Comparison Fact Cincinnati Columbus Cleveland Population 298,800 860,090 […]
A handful of state Governors across the U.S. submitted their Opportunity Zone census tracts to the U.S. Treasury Department as required by federal law on March 21, 2018. Many states were granted a 30 day extension by Treasury and will submit their recommendations in April. The federal Opportunity Zone Program creates substantial capital gains tax […]