Disruption of existing markets is another prime opportunity using new technology. Disruptors change an existing industry. They create jobs and often destroy jobs but they succeed if they add value to a customer experience for a price that is usually lower. Disruptors may also be small start-up companies or giant companies that still remember when […]
Measuring a region’s economic performance is the next critical step to a corporate site location analysis. Again, population growth, regional Gross Domestic Product growth, market size and other factors are critical to measuring the economic attractiveness of a market. The population size of a market is an important measure of a region’s overall attractiveness. The […]
A review of the state’s economy involves understanding the state’s industry size and make up, its income performance, unemployment rate, demographic strengths and weaknesses. As an example, Ohio has the seventh largest economy among the fifty states with a $608.1 B GDP as measured in 2015. Pennsylvania ranked 6th in GDP of states and New Jersey […]
Federal government funding to address the opioid crisis is a critical piece of a program to address this challenging issue. The federal government has announced a five point strategy to be implemented through the Department of Health and Human Services that focuses on: Access: Better Prevention, Treatment, and Recovery Services. HHS issued over $800 million […]
America is living in the Age of Re-urbanization. A new major demographic trend is impacting suburban and small town growth in all parts of the US—Millennials by the millions are flocking to large to mid-sized cities searching for mixed use, walkable communities. In fact, since 2011, large metropolitan cities are growing faster than their suburban […]
The 2018 Ohio General Election battle is sure to be highly competitive all across the ballot with a heated race for Governor, all the statewide elected officials and members of the Ohio General Assembly. As expected, Ohio Attorney General Mike Dewine and former Obama Administration and former Ohio elected official Rich Cordray will face off […]
The U.S. Supreme Court recently, in Murphy v. National Collegiate Athletic Association, held an act of Congress that prohibited sports betting in all states but Nevada was unconstitutional. This decision opens the door to sports betting in states like Ohio. However, the decision really leaves policy makers with four critical policy decision very much shaped by […]
Once a corporate site location trigger is pulled, a company often will utilize a team of consultants, accountants, lawyers and real estate brokers to research the best location for the company’s job and capital investment consolidation, retention or expansion and negotiate tax incentives, infrastructure finance and real estate terms. As local, state and federal government […]
Corporate site location is a process whereby a company decides where to grow jobs and make a capital investment based upon the hope of retaining or creating jobs. Specific triggers exist that tell a company they should undertake a corporate site location process. These triggers may include the upcoming ending of a real estate lease, […]
Dominant US Market. The US $18 trillion economy constitutes nearly 25% of the global economy and is the worlds’ largest followed by China at $11 trillion. Growth of the US Market. Real GDP increased at an annual rate of 2.2 % in the first quarter of 2018 and, in the fourth quarter of 2017, real GDP increased […]