Regional Economic Growth of Cincinnati-Indianapolis-Louisville Corridor is Strong
Overall macroeconomic performance of a region is a critical measure for companies considering a corporate site location project. Generally, companies seek out growing markets that attract industry and talent. Key measures of regional economic performance will include the measures noted in the table below. Gross domestic product (GDP), the featured measure of U.S. output, is […]
Montrose Group Adds Wade Williams to Grow in Southwest Ohio, Kentucky, and Indiana
The Montrose Group, a national corporate site location, economic development consulting, and lobbying firm, today announced that senior economic development advisor and corporate site location consultant Wade Williams is joining the Montrose Group to launch an office in the Cincinnati marketplace that will serve Southwest Ohio, Indiana, and Kentucky. “Wade Williams will provide economic development […]
What’s Really Driving Higher Energy Prices
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’s Economic Diversification and JobsOhio are Driving Major Growth
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 […]
Ohio Economic Development Incentives Offer Substantial Benefit to Companies
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 Growth in Ohio is Critical to Buckeye State 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 Ohio’s Major Urban Markets
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 […]
Great Lakes State and Local Tax Codes to Impact 2023 Corporate Site Location Projects
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 […]
Great Lakes States Remain a Manufacturing Powerhouse
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 […]
Great Lakes States Growth Prospects Increase in 2023
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 […]
