Montrose Group Completes Three Local Comprehensive Economic Development Plans
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 […]
Speculative Logistics Industrial Projects to Slow in 2023 Impacting Corporate Site Location Projects
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 […]
Housing is a Major 2023 Corporate Site Location Trend
Housing is joining workforce development to become a major corporate site location trend in 2023. Growing regions like Central Ohio are developing 2.5 jobs for every 1 residential permit creating a housing shortage. Regions not growing are failing to develop substantial residential growth. Finally, rural regions are losing population at an alarming rate and desperately […]
Workforce Development Remains a Critical Corporate Site Location Factor in 2023
2023 will remain a year when successful workforce development strategies will impact corporate site location projects. Ohio offers an interesting model for how Central Ohio’s growing and well-educated population base is driving economic development and corporate site location growth. First, let’s understand the Ohio marketplace. The population of Ohio, which is currently sitting at just […]
Tax Policy to be at the Center of Ohio Statehouse in 2023
With substantial economic development victories such as the $20B Intel “fab” facility, Honda LG EV battery facility and others across the state, Ohio Governor Mike Dewine is likely to want to focus on expanding the base of social services for areas such as mental health during his second term. However, the Ohio House of Representatives […]
Stephens Chosen as Ohio House Speaker with Democratic Support
In a surprise move by the Ohio House of Representatives, Republican State Representative Jason Stephens was selected as the Speaker of the Ohio House of Representatives. It was just two weeks ago that the Ohio House Republican Caucus met and voted to support State Representative Derek Merrin to serve as Speaker of the Ohio House […]
Four Steps Can Address a Region’s Housing Crisis in 2023
Housing is joining workforce development to become a major corporate site location trend in 2023. Companies looking to grow or locate in a region can no longer just assume that a community has housing available that fits the needs of their workforce. Growing regions like Central Ohio are developing 2.5 jobs for every 1 residential […]
Workforce Development Remains a Critical Corporate Site Location Factor in 2023
2023 will remain a year when successful workforce development strategies will impact corporate site location projects. Job openings have exceeded the number of unemployed workers in the United States since July 2021, suggesting an extremely tight labor market as the economy emerges from the pandemic-induced recession.[i] Much of the shortfall in the labor force has […]
Tax Policy to be at the Center of Ohio Statehouse in 2023
With substantial economic development victories such as the $20B Intel “fab” facility, Honda LG EV battery facility and others across the state, Ohio Governor Mike Dewine is likely to want to focus on expanding the base of social services for areas such as mental health during his second term. However, the election of conservative State […]
Federal Budget Earmarks Live to Fight Another Day
The passage of a $1.7 T federal spending omnibus bill at the close of the 117th Congress recently gave signs of continued life for federally directed spending (aka earmarks). The omnibus legislation passed the U.S. Senate with overwhelming support and contained funding for a wide range of federal government agencies. The federal spending omnibus also […]
