While the South and Southwest regions of the United States will continue their long-term population growth, growing pains in these regions create an opportunity for the Industrial Midwest to rise once again. Rising labor rates, housing, real estate, and construction costs matched with infrastructure struggling to keep up with large population growth in the South […]
Beginning in May of 2022, the Montrose Group began the development of economic development strategic plans for three central Ohio municipalities. Now, the city of Circleville, Union Township, and Morrow County have all received their completed strategic. Tailored to the strengths and weaknesses of each specific area, the economic development strategic plans will provide these […]
Economic growth can be driven by the availability of real estate and facilities. Often, the development of speculative industrial space provides an economic spurs growth in this sector. However, what comes up must go down… the growth in the speculative industrial logistics and fulfillment center market over the past several years has been meteoric but […]
Housing is joining workforce development to become a major corporate site location trend in 2023. Growing regions like Central Ohio are developing 2.5 jobs for every 1 residential permit creating a housing shortage. Regions not growing are failing to develop substantial residential growth. Finally, rural regions are losing population at an alarming rate and desperately […]
2023 will remain a year when successful workforce development strategies will impact corporate site location projects. Ohio offers an interesting model for how Central Ohio’s growing and well-educated population base is driving economic development and corporate site location growth. First, let’s understand the Ohio marketplace. The population of Ohio, which is currently sitting at just […]
With substantial economic development victories such as the $20B Intel “fab” facility, Honda LG EV battery facility and others across the state, Ohio Governor Mike Dewine is likely to want to focus on expanding the base of social services for areas such as mental health during his second term. However, the Ohio House of Representatives […]
In a surprise move by the Ohio House of Representatives, Republican State Representative Jason Stephens was selected as the Speaker of the Ohio House of Representatives. It was just two weeks ago that the Ohio House Republican Caucus met and voted to support State Representative Derek Merrin to serve as Speaker of the Ohio House […]
Housing is joining workforce development to become a major corporate site location trend in 2023. Companies looking to grow or locate in a region can no longer just assume that a community has housing available that fits the needs of their workforce. Growing regions like Central Ohio are developing 2.5 jobs for every 1 residential […]
2023 will remain a year when successful workforce development strategies will impact corporate site location projects. Job openings have exceeded the number of unemployed workers in the United States since July 2021, suggesting an extremely tight labor market as the economy emerges from the pandemic-induced recession.[i] Much of the shortfall in the labor force has […]
With substantial economic development victories such as the $20B Intel “fab” facility, Honda LG EV battery facility and others across the state, Ohio Governor Mike Dewine is likely to want to focus on expanding the base of social services for areas such as mental health during his second term. However, the election of conservative State […]