Michigan is a Leader in the EV Revolution
The transition of the global auto industry from internal combustion engages to Electric Vehicles (EVs) is not news. While EVs still make up a relatively small share of overall sales in the U.S., sales have risen considerably in recent years. According to the Dallas Federal Reserve Bank, sales in 2021 totaled more than 466,000 units, […]
Michigan’s Manufacturing Sector Continues to Drive Major Growth
Michigan is a global leader in manufacturing by any measure and in line with the traditional manufacturing strength of the Great Lakes region of the United States. Industry clusters are regional concentrations of related industries.[i] Clusters consist of companies, suppliers, and service providers, as well as government agencies and other institutions that provide education, information, […]
Michigan Economic Development Incentives Offer Substantial Benefit to Companies
Taxes levied by local and state governments have a major impact on a company’s corporate site location decisions. Taxes by the state and local governments 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 […]
Housing Growth in Michigan is Critical to Corporate Site Location Decisions
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 […]
Demographic Data Tells the Story of Michigan’s Major Urban Markets
Michigan is a major economic power driven by its large population base and global leadership in manufacturing. Michigan is the 10th largest state in the union driven by the Detroit region whose Metropolitan Statistical Area (MSA) ranks as the nation’s 14th largest. Fact Milwaukee Indianapolis Pittsburgh Chicago Detroit Columbus Population 569,330 882,039 300,431 2,696,555 632,464 […]
Cincinnati-Indianapolis-Louisville Corridor Can Capitalize on State Site Development Programs
Preparing a site for development is a critical step to retaining or growing jobs and making a capital investment. Montrose Group’s focus is to create a Public-Private-Partnership (PPP) that makes a site attractive for job creation and capital investment while providing a pipeline of tax revenues and other funding for local and state government and […]
Cincinnati-Indianapolis-Louisville Corridor Compare Well from a Cost of Doing Business Standpoint
A company’s costs of real estate, construction, energy, and taxes are typically the major cost drivers at a site other than its workforce. Real estate costs vary depending on decisions about whether the company wants to buy or rent real estate and is dictated by regional market issues such as available land, market regulation, vacancies, […]
Cincinnati-Indianapolis-Louisville Wage Rates for Production Workers and Other High-Ranking Clusters
A region’s workforce is a critical measure of its economic success. An examination of a community’s workforce has three distinct components: the size, unemployment rate, and education level of the workforce; the occupation and earnings of the workforce; and the commuting patterns of the workforce. The data collected for this analysis is the 2021 annual […]
Cincinnati-Indianapolis-Louisville MSA Skilled Workforce Creates a Competitive Advantage
The retirement of the Baby Boom generation and the reduction of the Civilian Labor Participation Rate triggered by Covid 19 created a skilled workforce crisis throughout the United States. In many regions, there are more open jobs than there are unemployed people. Understanding workforce industry strengths is another critical method to measuring a region’s workforce […]
Demographics Drive the Success of the Cincinnati-Indianapolis and Louisville Corridor
How a site compares to other sites from a demographic standpoint can be a critical factor in a corporate site location decision. Demographics measure the impact of the 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, […]
