The recently enacted state of Ohio operating budget passed by the Ohio General Assembly contained $135 Million in funding targeting development opportunities in rural counties throughout the state. Ohio’s rural based economic development program center on infrastructure development and rural company growth. Rural Industrial Park Loan Program. $30 Million was provided for the Rural Industrial […]
The lack of housing supply in urban and rural markets has become a major corporate site location concern for companies considering developing a project in most communities. If housing is not available for a company’s workers, it does not matter how great the local and state economic development incentives are or how low the cost […]
The Ohio General Assembly added another $500 million into Ohio Department of Development funding while maintaining key tax credit programs in the state of Ohio operating budget recently enacted. Key programs funded below include: Ohio Brownfield Remediation Program. $350 Million for the Ohio Brownfield Remediation Program was added in the state operating budget. The Ohio […]
State Spending and Tax Policy in General. Continuing past tax trends, the Ohio General Assembly once again took a major swipe at reducing Ohio’s income tax. The $3 Billion in tax cuts leave Ohio with just two tax brackets down from the current four brackets. Ohioans now will pay a max of 3.5% of their […]
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 […]
Illinois is a global leader in advanced services as Chicago remains a hub for major corporate headquarters. 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 to a regional economy.[ii] Clusters […]
Housing is joining workforce development to become a major corporate site location issue. Regions not growing are failing to develop substantial residential growth. Finally, rural regions are losing population at an alarming rate and desperately need new residential products to retain existing employers and to keep their young people. No matter where you are in […]
Illinois is the nation’s 6th largest state in the union with 12.7 M people but its strategic location in the middle of the United States relates to a global airport and driven by the U.S.’s third largest city positions Illinois for corporate site location projects. Key demographic measures that impact corporate site location decisions […]
Indiana’s General Assembly made substantial investments in the state’s economic development programs primarily around two critical strategies: site development and workforce development. Site development has been an Indiana focus for some time. the Indiana Economic Development Corporation (IEDC) reached a significant milestone in the Strategic Sites Inventory (SSI) program this spring, identifying over 300 new, […]
Indiana is a global leader in manufacturing by any measure and in line with the traditional manufacturing strength of the Great Lakes region of the United States. 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, […]