The Congressional Research Service notes in An Overview of Rural Credit Markets notes that access to financial services, specifically credit products, varies in rural areas as compared to urban areas. The Federal Reserve concluded that 40% of rural counties lost community bank branches between 2012 and 2017. Nonbank financial firms are often found in metropolitan […]
The Ohio General Assembly passed a significant reform that will make sweeping changes to the state’s real property tax law. HB 126, once signed by Governor Mike DeWine in the coming weeks, will effectively end practices that have impacted Ohio property owners for years. Currently, Ohio school districts are able to challenge property values to […]
Arizona is booming and recent enacted tax legislation is likely to spur additional economic success. Arizona along with other Southwestern and Southern states continues to grow economically driven by population and macroeconomic expansion. As the chart below illustrates, Arizona enjoyed double digit population growth over the last decade. Forbes ranks Arizona as the 5th fastest […]
Manager of Economic Development Montrose Group, LLC is a Columbus, Ohio-based consulting firm that provides corporate sitelocation, economic development planning, and lobbying services to clients nationally. DaveRobinson is the Founder and Principal of Montrose Group, Nate Green is a partner in the firmand serves as Managing Director of Economic Development, Jamie Beier Grant serves asDirector […]
Just in-time for the 2022 construction season the Congress finally authorized FY 22 funding for the federal infrastructure law in the recently passed and signed federal appropriations legislation. Last November Congress passed, and President Biden signed the bi-partisan Infrastructure Investment & Jobs Act (IIJA). After nearly five months Congress has finally authorized the first $76 […]
Demographic analysis is the study of a population-based on factors such as age, race, and sex.[i] Demographic measures can be a major driver for corporate site location projects. States with growing, wealthier and better educated populations are attractive to companies seeking a bigger, more skilled workforce prepared for the 21st-century marketplace. The growth of Southern […]
Louisiana. Gov. John Bel Edwards launched a workforce development program of the Louisiana Watershed Initiative that will create a workforce skilled in professional resilience occupations (PRO), which are critically important in disaster recovery and mitigation efforts. The first phase of LWI’s PRO Louisiana program, which is coordinated in partnership with the Louisiana Community and Technical College System […]
No company collects a dollar of economic development incentives from a corporate site location project unless they locate on land that is zoned for the use they intend. Zoning is a critical step for the implementation of any corporate site location project. Local governments manage design, growth, and development through the land use entitlement process […]
The City of Strongsville was recently successful in securing $1.6 Million in support through the help of Congressman Anthony Gonzales and U.S. Senator Sherrod Brown in federal community project funding to upgrade and replace outdated stormwater infrastructure, which impacts homeowners, drivers, and businesses along Prospect Road. These funds were made possible through action taken by […]