State governments and economic development organizations are jumping into the business of supporting the development of industrial parks. Communities and companies seeking to develop an industrial park need to identify potential sources and uses of funding for the development of the public sector industrial park that include the programs outlined above, support the creation of the funding applications, and advocate for their adoption.
Many states offer a range of government and economic development programs designed to prepare industrial sites primarily for development.
Plenty of opportunities exist for industrial site development in 2024 but communities need to focus on a strong site development and workforce development strategy to retain and attract high-wage manufacturing jobs.