After the typical wrestling match that Washington D.C. has become in the last decade, Congress and President Trump finally agreed upon a $900 B federal stimulus legislation that appropriated $1.4 T through the reappropriation of previous funds. Targeted industry and economic development highlights of the federal stimulus package includes: Arts & Entertainment Industry. Authorizes $15 […]
There is a new economic development tool coming to Ohio. Senate Bill 39, which the Montrose Group has previously highlighted is on its way to Governor DeWine for his signature to officially become law. As we have previously discussed Senate Bill 39 creates a new tax credit in Ohio, to be used in the development […]
2020 will definitely be a year to remember. Now that the end of the year upon us, this time of the year also brings with it the end of the 133rd General Assembly and the lame duck session which bookends the legislative calendar. This year’s lame duck didn’t disappoint with a flurry of legislation activity […]
The Ohio Export Internship Program matches businesses interested in growing exports with highly motivated college students who have taken export-focused coursework. The Development Services Agency offers participating small to medium-sized businesses a 50 percent reimbursement for the wages of the intern, up to $3,600. This year, 41 students from universities across the state spent the […]
Has it ever been more challenging to write a year in review article than for 2020? 2020 was full of unprecedented public health challenges, racial strife, and an economic collapse driven by government decisions to close 1/3 of the American economy to limit the spread of COVID 19. However, out of these challenges rise success […]
Automation of nearly all industries has been impacting companies and communities for decades by making companies more productive with fewer workers making higher wages. COVID 19 will likely expedite this economic trend as a robot cannot contract a human virus. Current economic projections see overall job growth in professional services, educational services, and health care […]
Rural communities’ cost of doing business are substantially lower than their urban counterparts. The largest cost for nearly every company is labor. Paying workers, unless it is a data center or some other energy intensive, capital intensive business, will be the largest cost facing any company. Regions with competitive wage rates are highly attractive for […]
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 […]
The high profile move of Elon Musk, successful serial entrepreneur, from California to Texas due to the tax burden of the Golden State illustrates the danger high-tax states face. California which was a post-World War II success story riding the success of mega cities like Los Angeles and San Francisco and as the home of […]