The Montrose Group, a national corporate site location, economic development and public policy consulting firm is excited to announce that Ryan Scribner is joining the firm as Director of Economic Development. Ryan Scribner provides corporate site location, economic development advisory, and planning services to companies and communities based upon 20 years of public and private […]
The transition of the global auto industry from internal combustion engages to Electric Vehicles (EVs) is not news. While EVs still make up a relatively small share of overall sales in the U.S., sales have risen considerably in recent years. According to the Dallas Federal Reserve Bank, sales in 2021 totaled more than 466,000 units, […]
Michigan 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, […]
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 […]
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 […]
Michigan is a major economic power driven by its large population base and global leadership in manufacturing. Michigan is the 10th largest state in the union driven by the Detroit region whose Metropolitan Statistical Area (MSA) ranks as the nation’s 14th largest. Fact Milwaukee Indianapolis Pittsburgh Chicago Detroit Columbus Population 569,330 882,039 300,431 2,696,555 632,464 […]
Preparing a site for development is a critical step to retaining or growing jobs and making a capital investment. Montrose Group’s focus is to create a Public-Private-Partnership (PPP) that makes a site attractive for job creation and capital investment while providing a pipeline of tax revenues and other funding for local and state government and […]
A company’s costs of real estate, construction, energy, and taxes are typically the major cost drivers at a site other than its workforce. Real estate costs vary depending on decisions about whether the company wants to buy or rent real estate and is dictated by regional market issues such as available land, market regulation, vacancies, […]
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. The data collected for this analysis is the 2021 annual […]
The retirement of the Baby Boom generation and the reduction of the Civilian Labor Participation Rate triggered by Covid 19 created a skilled workforce crisis throughout the United States. In many regions, there are more open jobs than there are unemployed people. Understanding workforce industry strengths is another critical method to measuring a region’s workforce […]