Guest Column by Rob Myers of Ohio Industrial Energy Electric rates are going to increase significantly in June for Ohio and gas rates have already increased exponentially. You might find yourself asking how you can mitigate these increases. The answer is to implement a proactive strategy unique to the ever evolving marketplace. Below are the […]

Ohio not only benefits from having the seventh largest economy among the fifty states, but it also has substantial economic diversification and operates one of the best-funded state economic development programs in the nation through JobsOhio.   JobsOhio is the state’s private-sector economic development corporation.  Many states have private economic development corporations but unlike any

Taxes levied by local and state governments have a major impact on company’s corporate site location decisions. Taxes by the state and local government are a critical component of measuring the cost of doing business in a region.  Different local and state governments tax businesses differently. What and how much local and state governments tax

Housing is joining workforce development to become a major corporate site location issue.  Regions not growing are failing to develop substantial residential growth.  Finally, rural regions are losing population at an alarming rate and desperately need new residential products to retain existing employers and to keep their young people.  No matter where you are in

Cincinnati, Cleveland, and Columbus are like sized major metro markets that drive much of the economic growth in Ohio.  Major urban markets have the workforce, capital, infrastructure, and other essential tools need for many large-scale corporate site location projects. It is not an accident that Intel looked to Central Ohio for their $20B “fab” facility

Local and state governments facing potential economic challenges that could slow revenue collections for the first time in over a decade are likely to search for the best tax policy that can retain and attract the industry that is their focus.  2023 will be a year when state policymakers not just focus on economic development

The Great Lakes states of Illinois, Indiana, Michigan, Ohio, Pennsylvania, and Wisconsin remain an economic development powerhouse particularly in the field of manufacturing.  Manufacturing jobs, known as production jobs for federal government wage analysis purposes, pay on average $43,000 constituting high-wage jobs.  Measuring industry concentration in an area illustrates industry strengths. This is measured by

While the South and Southwest regions of the United States will continue their long-term population growth, growing pains in these regions create an opportunity for the Industrial Midwest to rise once again.  Rising labor rates, housing, real estate, and construction costs matched with infrastructure struggling to keep up with large population growth in the South

Beginning in May of 2022, the Montrose Group began the development of economic development strategic plans for three central Ohio municipalities. Now, the city of Circleville, Union Township, and Morrow County have all received their completed strategic. Tailored to the strengths and weaknesses of each specific area, the economic development strategic plans will provide these

Economic growth can be driven by the availability of real estate and facilities.  Often, the development of speculative industrial space provides an economic spurs growth in this sector. However, what comes up must go down… the growth in the speculative industrial logistics and fulfillment center market over the past several years has been meteoric but