The business costs of a community impact its attractiveness for economic activity. Business Costs include the wage rates needed to be paid for workers in the relevant industry, home prices and other major expenses and transportation costs including lost time in traffic congestion. Employee wage rates for a given industry have a substantial impact on […]
The quality of a region’s infrastructure and transportation system directly impacts its chances for current and future economic success. Measures of infrastructure and transportation include a review of major highways, transit and airport systems, and level of traffic congestion that all impact the ability to do business. Ohio has a robust highway and roadway transportation […]
With the retirement of the Baby Boom generation and the invasion of the millennial generation, no issue for a region matters more than the availability of skilled workers. Comparing industry job growth and loss in Ohio to North Carolina illustrates why North Carolina is succeeding. The North Carolina economy continues to transition away from manufacturing […]
Ohio, like the nation, is transitioning from a manufacturing based economy to a service economy. The Buckeye state remains a manufacturing leader but the number of jobs in this sector have seen a dramatic decline. Trade, transportation and utilities, education and health care, government and professional service jobs all have more jobs in Ohio than […]
The Ohio economy is the size of Saudi Arabia but long-term slow population and private sector job growth threaten the state’s economic success. Join the Montrose Group and leaders from Ohio’s economic development and business community to learn about the Ohio Competitiveness Report presented by Montrose Development Advisors, LLC to learn how the Ohio economy […]
Communities and companies alike in a complex world with ever changing markets need consulting services that address complex economic development issues such as where to locate companies, how can communities position themselves to grow and how do both communities and companies gain the financing needed for economic development projects to happen. Montrose Development Advisors focused […]
What may turnout to be the top issue in the campaign to replace John Kasich as Governor of Ohio, Republican Mike Dewine and Democrat Richard Cordray are sparring over who is to blame for the Opioid Crisis as well as to how to fix it. In an usual twist, both candidates for Governor are or […]
Battling opioid addiction is a top policy priority throughout the United States and local and state policymakers and the federal government are focused on addressing the issue. From a federal and state government perspective, solutions range from gathering data to define the problem to funding to border security to regulatory changes to empowering states and […]
The Cleveland Federal Reserve Bank released a groundbreaking report on the impact of the opioid crisis on the Fourth Federal Reserve District that includes Kentucky, Ohio, Pennsylvania and West Virginia. The findings of the Cleveland Federal Reserve Bank were troubling to say the least and provide a clear policy mandate for local, state and federal […]
Measuring a region’s economic performance is the next critical step to a corporate site location analysis. Again, population growth, regional Gross Domestic Product growth, market size and other factors are critical to measuring the economic attractiveness of a market. The population size of a market is an important measure of a region’s overall attractiveness. The […]