Rural Economic Development Incentives Support Job Creation
Tax credits, tax abatements, grants and loans all make up the typical local and state economic development incentive toolbox. Tax credits are usually a state performance-based incentive tied to job creation and capital investment. These tax credits in most cases are competitively awarded as there is a limited amount of state government funding available to […]
U.S. Rural Communities are Home to Global Manufacturing Industries Driven by a Competitive Cost of Doing Business
Rural communities present substantial economic opportunities. Manufacturers in the United States account for 11.39% of the total output in the economy, employing 8.51% of the workforce.[i] Total output from manufacturing was $2,334.60 billion in 2018.[ii] In addition, there were an average of 12.8 million manufacturing employees in the United States in 2018, with an average […]
Demographic Challenges Impact Rural Corporate Site Location Opportunities
Demographics have a major impact on corporate site location decisions. Regions with a large and growing population base, have a younger, more educated workforce and less poverty are more attractive for economic investment. A comparison of Indiana, Kentucky, North Carolina, and Ohio offers insights into the competitiveness of these rural markets for corporate site location […]
U.S. Rural Communities Remain Thriving Economic Markets
The overall economic growth in rural communities across America is on-par with large, legacy cities but they are not growing at the same rate as the mid-sized urban markets located in the same state. However, these rural markets are sizable and capable of serving a range of corporate site location projects. Measures of a region’s […]
Kentucky Adds the Transportation Improvement District Program to its Economic Development Arsenal
United States’ highways and roads move 72%, or nearly $17 trillion, of the nation’s goods. Yet, the nation’s roadway infrastructure is struggling to meet the existing demand with nearly half of our existing roadways in poor or mediocre condition according to the American Society of Civil Engineers. Many communities are looking for new tools to […]
Rural Corporate Site Location White Paper
Pennsylvanian Gaining Space and Defense, Life Sciences, Energy, Robotics and AI Advantages
Pennsylvanian Gaining Space and Defense, Life Sciences, Energy, Robotics and AI Advantages Pennsylvania is the most economically diverse state in the U.S. Its $930 billion GDP makes it the sixth largest economy in the country and a leading global economic hub. From corporate headquarters (home to 23 Fortune 500 companies), to state-of-the-art R&D facilities, to […]
Pennsylvania Economic Development Incentives
WEDnetPA. The WEDnetPA program provides qualified employers with training funds for new and existing employees. Funding can be used for a wide range of incumbent worker training. The training must be skill-building for the employee’s current job or for advancement or promotion. Funding eligibility requires that: Employees to be trained must be residents of and […]
Pennsylvania’s Economic Development Incentives Offer 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 […]
Pennsylvania Remains a Global Leader in Manufacturing and Advanced Services
The two urban centers of Pennsylvania ensure the state remains a hub for white-collar, advanced services and as well as manufacturing companies. 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, research, and technical support […]
