The federal government based upon several new programs creates opportunities for Electric Vehicle related companies and corporate site location projects. The Inflation Reduction Act of 2022 (IRA) provides over $320 B in incentives designed to increase clean energy production in the United States, support energy innovation, and encourage investing in disadvantaged communities and projects that […]
EV companies considering a supply chain investment need to negotiate for economic development incentives. All states will use economic development incentives to attract EV suppliers but Ohio offers a worthy model for review. Ohio offers extended local property tax abatements and Tax Increment Financing (TIF), construction materials sales tax exemptions, and special state economic development […]
While the location of large-scale EV battery production facilities may slow in 2024, the development of the EV battery supply chain for existing EV battery facilities will not. As the map of the EV Battery Belt from the Federal Reserve Bank of Dallas illustrates, EV battery facilities have been announced and are developing across the […]
Workforce development still matters when it comes to attracting Electric Vehicle (EV) battery production and suppliers. A two percent drop in the U.S. civilian labor participation rate driven by the expedited retirement rates of the Baby Boom generation spurred by COVID-19 keeps the availability of skilled workers a central issue for companies with existing and […]
Situated at the forefront of innovation, the Midwest emerges as a strategic hub for the electric vehicle (EV) industry. Boasting a rich automotive manufacturing legacy and proximity to the largest fresh surface water system on earth (Great Lakes), the region provides an ideal environment for companies venturing into electrification manufacturing. The LG EV facility offers […]
The Ohio Tax Credit Authority on January 29, 2024, granted a Transformational Mixed Used Development (TMUD) state tax credit to two Montrose Group clients for redevelopment of the Ohio Building in Sidney, Ohio which was awarded $998,562 in a TMUD tax credit and the Thompson Building in East Liverpool which was awarded $212,950 in a […]
Following the definition of an urban Downtowns economic development challenge, companies and communities need to implement an action plan based upon focusing on the opportunities for the Downtown and the region based upon the building block of all successful economies- focus on creating a diverse market from growing industries. Downtowns can continue to thrive by […]
Guest Column by Retail Strategies Retail and restaurants play a big part in a vibrant downtown, but it can be challenging for city and community leaders to understand their downtown real estate and how you can be proactive in its development. Whether you have a completely vacant Main Street or have recently had positive momentum […]
Rising interest rates, bank collapses, and potential additional federal regulation have created substantial challenges for communities and developers hoping to create new housing opportunities. Housing studies, streamlined zoning regulation, and parking subsidies can all help develop housing in urban, suburban, and rural markets but larger public subsidies in the near term are likely to be […]
The urban Downtown office market is facing a crisis which is only going to get worse. The Downtown office vacancy rates from Cushman and Wakefield’s 2023 analysis as outlined in the chart below in the major urban markets throughout the Great Lakes illustrate substantial struggles with the current Downtown office markets. This data is of […]