A region’s workforce is a critical measure of its economic success. An examination of a community’s workforce has three distinct components: the size, unemployment rate, and education level of the workforce; the occupation and earnings of the workforce; and the commuting patterns of the workforce. As an example, Athens County, Ohio has a labor force […]
Electric Vehicles to Drive Major Corporate Site Location Projects Nickolas Otto in 1876 invented the four-stroke internal combustion engine in which in which combustion occurs (aka burning) inside the engine rather than in a separate furnace generating motive power by the burning of fuels such as petrol and oil.[i] Considering the fact that the $3.6 […]
South and Southwestern Will Continue to Grow Demographic and economic growth factors will continue to combine in 2022 to make corporate site location projects increase in the southern and southwestern United States. This is a long-term trend that continues over the last several decades as low-cost southern markets attract global manufacturing firms and manufacturing that […]
Companies who have decided on launching a corporate site location process should start with an analysis of a list of regions economic market performance and whether those markets are home to companies of like industries in which they can share public policy, infrastructure and workforce benefits. Market research begins to define growing economic, industry cluster, […]
100 factors or trends could impact a company’s decision to grow where they are or travel elsewhere. However, Montrose Group annually releases their top ten trends impacting corporate site location decisions. First, let’s discuss a “trend” versus a “fad.” The mullet haircut hopefully was just a fad- popular in the short term but not a […]
The corporate site location process begins with defining the project to learn about the industry, number of jobs, payroll and capital investment planned by a company, needs for the project site and geographic markets that fit the company’s business plan leading to the creation of potential state and regional target list for the company’s location. […]
The corporate site location process decides where a company locates, and, while Princeton Economics estimates companies gain $30B in economic development incentives, this process is about a lot more than tax incentives and involves five distinct steps. Montrose Group Corporate Site Location Process Project Definition. Companies whose lease is expiring, have expected job growth […]
The Ohio Export Internship Program gives businesses the help they need to expand sales to new markets. The Ohio Export Internship Program matches businesses interested in growing exports with highly motivated college students who have taken export-focused coursework. The Ohio Department of Development offers participating small to medium-sized businesses a 50 percent reimbursement for the […]
The Ohio Historic Preservation Tax Credit Program provides a tax credit to leverage the private redevelopment of historic buildings. The program is highly competitive and receives applications bi-annually in March and September. With 27 rounds of funding complete, tax credits have been approved for over 500 projects to rehabilitate over nearly 800 historic buildings in […]
The emergence of the $150 M Ohio Building Demolition and Site Revitalization Program and the role of the Ohio landbanks has brought these critical community development organizations to center stage. Ohio’s county land bank concept was based on a successful program in Genesee County, Michigan, which includes the industrial city of Flint. The Genesee County land […]