areadevelopment + economic-development-news   914

Build a subway car factory in D.C. area? Metro asks bidders for big contract to consider it. - The Washington Post
As Metro prepares to award a major contract to a foreign com­pany to build its next generation of rail cars, it is asking firms bidding for the deal to spend some of the money in the Washington region and possibly build an assembly plant here.
Around-the-web  this-week-453  urban-planning  transportation-industry  u.s.-manufacturing  economic-development-news  Washington-DC 
5 weeks ago by areadevelopment
Wisconsin Governor Wants to Renegotiate Foxconn Contract - US News
Wisconsin Gov. Tony Evers wants to renegotiate the state's nearly $3 billion contract with Foxconn Technology Group, saying it's "unrealistic" to think the company will employ 13,000 people as originally promised.
government-policy  taxes-incentives  economic-development-news  wisconsin  foxconn  Around-the-web  this-week-453 
8 weeks ago by areadevelopment
Amazon’s Hard Bargain Extends Far Beyond New York - The New York Times
Virtually all of America’s largest businesses drive a hard bargain with governments, angling for benefits and financial incentives. Amazon, though, often plays politics with a distinctive message: Give us what we want, or we’ll leave and take our jobs elsewhere.

The tactics help Amazon squeeze as much as possible out of politicians.
amazon  HQ2  taxes-incentives  Around-the-web  incentives-negotiation  economic-development-news  this-week-449 
march 2019 by areadevelopment
Why cities should stop offering tax incentives to companies - FastCompany
In my own research as an economist studying corporate welfare, I have found and reviewed much evidence on the effectiveness of tax and other incentives. My conclusion: Incentives just don’t work.
taxes-incentives  government-policy  economic-development-news  opinion  Around-the-web  this-week-449 
february 2019 by areadevelopment
Innovation districts and their dilemmas with place - Brookings
Driven by broader economic and demographic trends, most districts emerge organically as established firms and start-ups choose to co-locate around universities, medical institutions and/or other anchors. But over time, as the number of actors increases, innovation district leaders often become much more intentional about working together to leverage their district assets, applying a “collaborate to compete” approach.
innovation-hubs  economic-development-news  industry-clusters  Around-the-web  this-week-449 
february 2019 by areadevelopment
Inside Wisconsin’s Disastrous $4.5 Billion Deal With Foxconn - Bloomberg
A huge tax break was supposed to create a manufacturing paradise, but interviews with 49 people familiar with the project depict a chaotic operation unlikely to ever employ 13,000 workers.
foxconn  wisconsin  government-policy  economic-development-news  Around-the-web  this-week-448  china  business-globalization  taxes-incentives 
february 2019 by areadevelopment
State economic development directors bring varied backgrounds to role - SSTI
The 20 new governors elected last November are filling out their appointments, and SSTI’s analysis of those named as state economic development directors reveals an array of backgrounds leading into their new roles. New Republican governors have shown a greater propensity to choose a leader with an industry background, while new Democratic governors have been more likely to appoint  directors with economic development experience. From a former U.S. representative to the owner of a regional pizza chain, here are the highlights of the 16 state economic development directors appointed since November.
government-policy  economic-development-news  Around-the-web  this-week-447 
january 2019 by areadevelopment
Massachusetts Life Sciences Center Announces 2019 Tax Incentive Program - BDO
The Massachusetts Life Sciences Center (MLSC) has announced a Life Sciences Tax Incentive Program for companies engaged in life sciences research and development, commercialization, and manufacturing in Massachusetts.  Eligible companies must submit an application by February 8, 2019.
taxes-incentives  industry-reports  economic-development-news  Massachusetts  life-sciences  biotech  Around-the-web 
january 2019 by areadevelopment
Invest in America's Workforce - The Federal Reserve System
How can well-structured and effective workforce programs and policies result in better economic outcomes for individuals, businesses, and communities?
workforce-development  economic-development-news  government-policy  Around-the-web  this-week-442-top  insider-12-6-2018  insider-12-20-2018 
november 2018 by areadevelopment
Want $10,000? This Oklahoma city will pay you to relocate - Fox Business
It’s the latest in a series of gambits offered by cities, counties and states to woo young workers to uproot and move. Here’s a look at some of the other financial incentives places are using to lure newcomers.
workforce-migration  workforce-mobility  economic-development-news  Around-the-web  this-week-442 
november 2018 by areadevelopment
VCs await regulatory clarity on Opportunity Zones, the latest tactic to draw capital to the Heartland - VentureBeat
It’s an oft-cited statistic that 75 percent of venture capital in the U.S. goes to just three states: New York, California, and Massachusetts — and it has for years. If it’s going to take years to close that gap, why not offer an incentive for investors to put their money in other places?

That’s the thesis behind Opportunity Zones, a tax incentive program laid out by Congress in last year’s Tax Cuts and Jobs Act.
economic-development-news  opportunity-zones  government-policy  taxes-incentives  corporate-tax-reform  venturecapital  capital-access  TCJA  Around-the-web  this-week-437  sfp-insider-11-30-2018  insider-12-17-2018 
september 2018 by areadevelopment
Urban Leaders on the Right Way to Lure Amazon HQ2 - CityLab
What should or could cities do differently next time a behemoth company solicits bids for for its headquarters?
this-week-434  Around-the-web  corporate-headquarters  economic-development-news  HQ2  amazon 
august 2018 by areadevelopment
Commentary: Making the most of federal funds for regional innovation - SSTI
At the end of this month, applications are due for two of the federal government’s most notable programs for funding clusters and regional innovation initiatives: the SBA’s Regional Innovation Clusters (RIC) program and the EDA’s Regional Innovation Strategies (RIS) program. As practitioners develop their proposals for these programs, it is worth considering potential lessons learned from the successes of previous awardees and the major challenges they have faced.
innovation-hubs  research-commercialization  research&development  government-policy  economic-development-news  Around-the-web  this-week-434 
august 2018 by areadevelopment
What Happened After the Last HQ2 Competition - Urbanophile
When I traveled to Oklahoma City for the first time a few years ago I was shocked to discover that in the civic narrative of the city’s transformation – it’s origin story if you will – the triggering event for change was losing a competition for a United Airlines maintenance facility in 1991 to Indianapolis.
urban-planning  oklahoma  oklahoma-city  Aerospace  industry-clusters  economic-development-news  HQ2  Around-the-web  this-week-433 
august 2018 by areadevelopment
Portsmouth, Va., Pins its Economic, Social Future on High-Speed Connectivity - Govtech
The city will build its own fiber-optic infrastructure to boost economic development, improve city services and close a significant digital divide.
regional-reports  economic-development-news  ICT  infrastructure  virginia  Around-the-web  this-week-433 
august 2018 by areadevelopment
Across the U.S., the Spaceport Race Is On - WSJ
Local and state officials vie for business from the likes of SpaceX and other commercial space companies
industry-reports  Aerospace  economic-development-news  industry-clusters  spaceports  Around-the-web  this-week-433-top 
august 2018 by areadevelopment
What if Amazon just opened a lot of smaller headquarters? - Fast Company
Amazon’s planned 50,000-person second headquarters will bring an entire spectrum of costly unintended (and predictable) consequences. There are other options.
this-week-432  Around-the-web  HQ2  amazon  urban-planning  economic-development-news  taxes-incentives  corporate-headquarters 
august 2018 by areadevelopment
Opportunity Zone Communities May Require Additional Investments - Route Fifty
Opportunity zones, created as part of the Republican tax cut bill signed into law by President Trump late last year, promote long-term investment in low-income communities by allowing incentives for investors who develop projects in economically distressed areas. Investors who direct money to qualifying areas can receive cuts on their capital gains taxes after the assets are owned for a certain number of years.
economic-development-news  taxes-incentives  government-policy  opportunity-zones  Around-the-web  TCJA  corporate-tax-reform  this-week-430  sfp-insider-11-30-2018 
june 2018 by areadevelopment
How the New U.S. Tax Law Affects Community Development Projects - Urban Land Magazine
As Congress cobbled together the biggest tax overhaul since 1986, they nearly wiped out the essential sources of funding for large-scale community development projects—namely, three federal tax credit programs that attract private investment for neighborhood revitalization. Developers, financiers, and municipalities pushed back and managed to keep most of what they wanted intact. But now they are dealing with what some of them describe as the new tax law’s unintended consequences.
corporate-tax-reform  TCJA  corporate-tax  government-policy  economic-development-news  taxes-incentives  Around-the-web  this-week-428  insider-12-17-2018 
june 2018 by areadevelopment
Apple’s Fourth U.S. Campus: Handicapping Where It Will Go - Bloomberg
It’s Apple’s turn to go shopping. In January, Apple Inc. announced plans for a fourth U.S. campus—a down-payment of sorts on its commitment to hire thousands of Americans and redeploy billions of dollars stashed overseas and now being repatriated under the Trump administration’s new tax law. The company hasn’t said how many people will work at the new facility, but it’s probably fair to say it will at least be in the hundreds.
Around-the-web  this-week-415-top  apple  call-centers  corporate-headquarters  site-selection-factors  economic-development-news 
march 2018 by areadevelopment
Robots don’t have to win: Michigan has what it takes to create jobs - Bridge Magazine
One hundred years ago Michigan was that era’s Silicon Valley. Here, inspired tinkerers and immigrant entrepreneurs built the prototypes and created the processes that launched America’s economic dominance of the 20th Century. We put the world on wheels, invented assembly line manufacturing, created whole new products and industries making cars, chemicals, cereals, machinery, furniture, appliances and retail stores.
economic-development-news  detroit  Michigan  automotive-industry  regional-reports  Around-the-web  this-week-410 
january 2018 by areadevelopment
Tale of two Rust Belts: Higher education is driving Rust Belt revival but risks abound - Brookings
In the last entry of this series, I explored how some communities in the Great Lakes-Rust Belt region have managed to leverage particular assets or adopt innovative economic development strategies–efforts that are succeeding in rebooting local economies for a new era. These places are successfully shaking off their “rust.”
Around-the-web  this-week-409  rust-belt  economic-development-news  regional-reports  workforce-development  midwest  education  labor  workforce-training 
january 2018 by areadevelopment
Report: Michigan offered Amazon big tax breaks to build Detroit HQ - Detroit Free Press
The state of Michigan would give Amazon big tax breaks for three decades on top of $106 million in public subsidies from Windsor if the e-commerce giant were to pick the Detroit region for its second headquarters, according to a news report.

A copy of Detroit's official 242-page bid book for Amazon's "HQ2," which was produced by a 65-person committee headed by billionaire businessman Dan Gilbert and submitted to Amazon in October, was obtained this week by the Crain's Detroit business newspaper.
amazon  detroit  Michigan  economic-development-news  headquarters  Around-the-web  this-week-409 
december 2017 by areadevelopment
Broadband Boondoggles in Southwest Virginia - Bacon's Rebellion
Throughout the Central Appalachian region — Virginia, West Virginia and Kentucky — community leaders have a keen understanding that they must find new industries to replace coal. And there is a near universal conviction that any hope to diversify local economies requires high-bandwidth connections to the outside world. This conviction has led to a series of initiatives, some misguided and some on target, to bring broadband to this isolated region.
regional-reports  kentucky  west-virginia  virginia  broadband  economic-development-news  ICT  rural-economic-development  economic-development  this-week-405 
november 2017 by areadevelopment
5 Lessons Seattle Can Teach Other Cities About Amazon - The New York Times
For Seattle, Amazon has become far more than a big employer and taxpayer. It reshaped how the city sees itself and, in turn, is seen by the world. It created a vast, gleaming new campus in a once derelict corner of the city, but also raised deep concerns about housing costs, traffic congestion and potential over-dependence on one corporation.
amazon  Metros  urban-revitalization  corporate-headquarters  economic-development-news  Around-the-web  this-week-404 
november 2017 by areadevelopment
Foxconn Deal in Wisconsin Hits Snag Over Guarantees - WSJ
Officials delay final vote for $10 billion factory as contract scrutinized to assure safeguards in place for $3 billion in incentives
wisconsin  foxconn  Around-the-web  economic-development-news  this-week-400 
october 2017 by areadevelopment
Amazon Announces Plans for Huge New North America Offices - The New York Times
The announcement is likely to set off jockeying among several major cities, and is the latest step in the rapid expansion for the online retail giant. It recently completed its biggest acquisition, of the high-end grocery chain Whole Foods, and has embarked on a major hiring drive, adding tens of thousands of new employees.
amazon  corporate-headquarters  taxes-incentives  economic-development-news  Around-the-web  this-week-396-top 
september 2017 by areadevelopment
Site-selection expert: Here's why Cincinnati is a great place to do business -
Companies seeking to open or relocate industrial and distribution facilities would be remiss if they didn't have Cincinnati on their short list of destinations.

That's according to site-selection expert Brad Migdal, who said Cincinnati's central geographic location and access to major shipping routes and highways give it an advantage many other similar-sized cities don't have.
Metros  Cincinnati  ohio  logistics  distribution-centers  economic-development-news  Around-the-web  this-week-394 
august 2017 by areadevelopment
For Michigan, competition is the name of the game - Crain's Detroit Business
J. Patrick Doyle is president and CEO of Domino's and chairman of the board of directors for Business Leaders for Michigan.
competitiveness  regional-reports  Michigan  economic-development-news  opinion  executive-leadership  Around-the-web  this-week-392 
july 2017 by areadevelopment
How big are incentives in economic development - Florida Today
With that in mind, do you think if Alabama hadn’t rolled out that $39 million incentive package, Blue Origin would have gone elsewhere.

That’s a good question and it’s part of a debate that will go on for quite some time.
Florida  florida-space-coast  alabama  taxes-incentives  economic-development-news  Around-the-web  this-week-391 
july 2017 by areadevelopment
Here's how your city can become the next Austin, Texas - TheHill
A symptom of success, cities like Austin are straining under rapid population growth. Improving physical infrastructure improves economic growth.
Metros  economic-development-news  urban-revitalization  Austin  texas  government-policy  infrastructure  urban-planning  Around-the-web  opinion 
june 2017 by areadevelopment
A Road Trip Through Rusting and Rising America - The New York Times
The big divide in America is not between the coasts and the interior. It’s between strong communities and weak communities. You can find weak ones along the coast and thriving ones in Appalachia, and vice versa. It’s community, stupid — not geography.
opinion  economic-development-news  Around-the-web  this-week-389  economic-analysis  skills-gap  STEM-workforce  Tennessee 
june 2017 by areadevelopment
CO, MN, NM, OK state budgets take hit in innovation funding - SSTI
As governors and state legislatures continue their negotiations over state budgets, SSTI has reviewed the latest to be signed. The process has proved difficult in more than a few states, with New Mexico having to overcome several stalemates and still facing shortages while in Oklahoma three-fourths of the state agencies are seeing decreased funding due to the state’s $900 million shortfall.
economic-development-news  innovation  government-policy  Around-the-web  this-week-389  regional-reports 
june 2017 by areadevelopment
Good-paying jobs in NE Ohio remain unfilled because workers lack credentials -
A report by the Cleveland Foundation and Team NEO said there is high demand for computer and IT workers in Northeast Ohio, but not enough residents have postsecondary credentials in this area.
Around-the-web  this-week-388  workforce-training  regional-reports  ohio  economic-development-news 
june 2017 by areadevelopment
Detroit’s big bet on small business - Brookings Institution
As Detroit bounces back from municipal bankruptcy, regional leaders are also betting that small businesses can help fuel a recovery that extends to neighborhoods and entrepreneurs historically disconnected from regional growth.
Metros  economic-development-news  detroit  economic-recovery  startup  small-business  government-policy  Around-the-web  this-week-387 
may 2017 by areadevelopment
Tennessee reconnects with adult students, aims to boost workforce - SSTI
Adults in Tennessee seeking to return to the classroom will have a new option for free tuition at community colleges, part of an expansion of the Tennessee Promise scholarship program.
education  workforce-training  regional-reports  economic-development-news  government-policy  workforce-development  Around-the-web  this-week-386 
may 2017 by areadevelopment
Report: Autos Are Indiana's 2nd-Largest Manufacturing Sector - US News
A new report says the automotive manufacturing sector is a $15.8 billion industry that employs more than 100,000 people in Indiana.
industry-reports  automotive-industry  economic-development-news  economic-development-agencies  Around-the-web  this-week-385  indiana  regional-reports 
may 2017 by areadevelopment
Georgia’s winning streak with suppliers - Automotive News
While states knock themselves out recruiting job-rich automotive companies, Georgia has zeroed in on a strategy that has attracted more than a dozen foreign suppliers.
automotive-industry  regional-reports  Georgia  global-supply-chain  business-globalization  economic-development-news  Around-the-web  this-week-381 
march 2017 by areadevelopment
Can a Small College Save Its Small Town? - Governing
What’s been happening with these colleges and their towns is really no different from what has happened in large cities. Globalization, economic change and technology have produced an all-hands-on-deck competitive environment. Just as major corporations, research universities and foundations have engaged in helping to make the bigger cities where they are located succeed, so have the institutions in smaller communities. For many small towns, that means the local college.
rural-economic-development  community-colleges  university-economic-development  Around-the-web  this-week-380  economic-development-news 
march 2017 by areadevelopment
After Long Economic Slide, Rhode Island Lures New Business - The New York Times
Over the past 15 months, 15 companies, including Fortune 500 firms, have announced plans to locate or expand in Rhode Island, and 19 real estate projects, including hotels and apartments, have been approved.
economic-development-news  regional-reports  taxes-incentives  rhode-island  this-week-380  Around-the-web 
march 2017 by areadevelopment
Over the planning hurdle, how regions implement economic development strategy - Brookings Institution
There’s a profound shift under way in economic development, from overreliance on attracting jobs and talent from outside a region to greater emphasis on growing from within.
economic-development-news  Around-the-web  this-week-377 
february 2017 by areadevelopment
The future of economic development depends on adaptation - Brookings Institution
Our nation is in the midst of an important debate about how to create an economy that benefits more people, and the work of economic developers is at the center of it.
this-week-377  Around-the-web  Matt  economic-development  economic-development-news  jobs  workforce  workforce-development  site-selection 
february 2017 by areadevelopment
House panel votes to kill Visit Florida, Enterprise Florida - Sun Sentinel
Tourism industry officials from Pensacola to the Keys warned a House committee Wednesday that a bill to kill state funding for tourism marketing and other economic development programs would harm businesses and cost jobs.
economic-development  economic-development-news  Matt  Florida  south-atlantic  Around-the-web  taxes-incentives  site-selection  jobs 
february 2017 by areadevelopment
Q&A: Rhode Island's commerce secretary on righting the economic ship in The Ocean State - Crain's Boston
The unemployment rate in Rhode Island was among the highest in the country in the summer of 2009. Now it's on par with most other states. Stefan Pryor, who has served as the Ocean State's first commerce secretary since the beginning of 2015, says that's largely thanks to his boss, Gov. Gina Raimondo.
this-week-377  Around-the-web  economic-development  economic-development-news  jobs  rhode-island  new-england 
february 2017 by areadevelopment
Tech Talkin’ Govs Part V: MD, ME, TX keep education in mind - SSTI
With the latest round of state of the state or budget addresses, the states’ governors focused on their states’ financial situation. Education and economic development were still on the minds of leaders in Maine, Maryland, and Texas. With this fifth installment, less than 10 governors have yet to deliver their addresses in the coming weeks or months.
technology-based-economic-development  government-policy  regional-reports  workforce-development  economic-development-news 
february 2017 by areadevelopment
New VEDP leader pays visit to SWVA - WSLS
The Virginia Economic Development Partnership has a new leader and he spent some of his first days on the job in Southwest Virginia.
economic-development-news  Matt  virginia  south-atlantic 
february 2017 by areadevelopment
Tech Talkin’ Govs, Part III: AK, IN, MI, NM, NV, RI talk feature education, workforce initiatives - SSTI
SSTI’s latest Tech Talkin’ Govs installment excerpts TBED highlights from governors’ speeches in Alaska, Indiana, Michigan, New Mexico, Nevada and Rhode Island. Education and workforce are focal points in this latest round of the state of the state addresses, as they have been in the two previous posts. Varying issues are factored into the speeches, from the $3 billion fiscal gap in Alaska to the proposed free college tuition in Rhode Island.
technology-based-economic-development  high-tech  economic-development-news  regional-reports  government-policy  Around-the-web  this-week-375 
january 2017 by areadevelopment
Wolf Administration Approves $15 Million to Support 263 Early-Stage, Technology-Oriented Businesses and Entrepreneurs - PA Department of Community & Economic Development
Department of Community and Economic Development Secretary Dennis Davin today announced the approval of $15 million in tax credits to support 263 early-stage companies through the Keystone Innovation Zone (KIZ) Program.
government-policy  taxes-incentives  Pennsylvania  small-business  startup  Around-the-web  this-week-374  economic-development-news 
january 2017 by areadevelopment
Five ways startups, innovators could benefit from Gov. Baker's economic development bill - Boston Business Journal
Massachusetts Gov. Charlie Baker has signed a $1 billion economic development bill into law that is expected to have wide-ranging impacts on the Bay State's startup and innovation economy.
government-policy  economic-development-news  regional-reports  Massachusetts  taxes-incentives  small-business  angel-investment  capital-access  healthcare-industry  Around-the-web 
december 2016 by areadevelopment
How an economic developer is bringing factory jobs back to Mississippi - CBS News
Joe Max Higgins is credited with generating about 6,000 manufacturing jobs in Mississippi’s Golden Triangle, one of the poorest areas in the country. How’s he doing it? Bill Whitaker reports.
economic-development-news  mississippi  mega-sites  certified-sites  Around-the-web  this-week-372 
december 2016 by areadevelopment
Opinion: Renewable energy key to economic growth in Ohio - The Columbus Dispatch
Wind turbine towers in farm fields let farmers benefit from two “crops” (one from the soil, the other from the wind) coming from the same land. And, the harvest of wind power in Ohio is feeding another important new and growing business, the data centers that houses the “cloud."
green-economy  data-centers  economic-development-news  ohio  wind-energy  this-week-372  Around-the-web 
december 2016 by areadevelopment
Is crumbling infrastructure inhibiting American productivity? - PBS NewsHour
In recent decades, American productivity growth has slowed. Yale University's Jacob Hacker has a possible explanation: the country’s outdated and deteriorating infrastructure. Hacker, co-author of “American Amnesia,” argues the U.S. has forgotten the role government plays in engineering prosperity, and that public investment got us where we are today. Economics correspondent Paul Solman reports.
infrastructure  economic-development-news  government-policy  this-week-372  Around-the-web 
december 2016 by areadevelopment
New Faces in Gubernatorial Offices - SSTI
There are seven new governors taking office, an overview of the economic development and education stances for the governors follows.
economic-development-news  government-policy  Around-the-web  this-week-370 
november 2016 by areadevelopment
States Aggressively Court Foreign Companies - Stateline - The Pew Charitable Trusts
Charges of “terrible” trade deals, the shipping of jobs overseas and the dangers of globalization dominated the presidential campaign. But many states are aggressively courting foreign companies to boost and diversify their economies.
free-trade-agreements  fdi-USA  economic-development-news  business-globalization  china  this-week-370  Around-the-web 
november 2016 by areadevelopment
Massachusetts Keeps Top Rank in Milken Institute Survey of Top Tech States Moving Up: Colorado, Washington, Minnesota - Milken
Massachusetts is first — once again — in the Milken Institute's State Technology and Science Index 2016. The index tracks and evaluates every state's tech and science capabilities and their success at converting these assets into companies and high-paying jobs. Conducted every two years, the Index has scored Massachusetts first in every edition since it was launched in 2002.
high-tech  research&development  economic-development-news  ranking  leading-locations  Around-the-web  this-week-368 
october 2016 by areadevelopment
Economic Development Ballot Initiatives - SSTI
While economic development issues have been taking a back seat to other discussions surrounding the presidential election, two state ballot initiatives address these issues directly and several other states feature educational initiatives. Engineering facilities at the University of Rhode Island and biomedical research in Montana would advance if ballot initiatives in those states pass on November 8. Both states are seeking passage of bond issues that would build facilities that would be used to expand or build facilities that benefit students or researchers in engineering and biomedical fields.
government-policy  economic-development-news  montana  rhode-island  Around-the-web  this-week-368 
october 2016 by areadevelopment
Learning to Prosper in a Factory Town - MIT Technology Review
Greenville, South Carolina, has bet its future on high-tech manufacturing. Who wins and who loses in this increasingly automated economy?
economic-development-news  south-carolina  advanced-manufacturing  automotive-industry  BMW  GE  this-week-367 
october 2016 by areadevelopment
How can we foster greater innovation in Alabama? -
Alabama has for years had a rich legacy of transforming research into new products, and that was reinforced in 2012 when the state of Alabama created the Alabama Innovation Fund with more than $17 million in competitive grants going to public colleges and universities to bolster high-tech research and innovative ideas, leading to more jobs for Alabamians.
economic-development-news  Around-the-web  this-week-363  alabama  innovation-hubs  competitiveness  research-commercialization  opinion 
august 2016 by areadevelopment
Michigan and Ontario to promote region's auto industry -
Michigan Gov. Rick Snyder has signed a memorandum with Ontario Premier Kathleen Wynne to promote the region's automotive industry.

They were near Traverse City on Wednesday at the Center for Automotive Research Management Briefing Seminars. The state and province are creating a working group to focus on autonomous vehicles, lightweight materials, alternative fuels and other best practices.
industry-clusters  canada  location-canada  Michigan  ontario  automotive-industry  NAFTA  government-policy  economic-development-news  Around-the-web  this-week-360 
august 2016 by areadevelopment
A conversation with Don Pierson, secretary of Louisiana Economic Development
Leading the charge for business recruitment and retention has its challenges in a state facing a $600 million budget shortfall in the next fiscal year, but Pierson says he is bullish about Louisiana, taking the long view and pointing to the state’s resources and assets, and its strength in sectors like chemical production, agriculture and timber products, aerospace, and technology.
economic-development-news  louisiana  Around-the-web  this-week-352  government-policy 
may 2016 by areadevelopment
How Three U.S. Cities Are Building on Public/Private Partnerships - Urban Land Magazine
Metropolitan areas across the United States—including Greenville, South Carolina; Bethlehem, Pennsylvania; and Cincinnati, Ohio—have taken control of their destiny and successfully transformed themselves.
public-private-partnerships  economic-development-news  capital-access  Around-the-web  this-week-351  government-policy  Pennsylvania  south-carolina  ohio 
april 2016 by areadevelopment
MA Considers $918M Investment in Five-Year Economic Development Push - SSTI
About half of the funds would support local infrastructure projects, but other investments would bolster the Massachusetts’ Manufacturing Innovation Institutes, university tech commercialization and innovative co-working spaces.
government-policy  economic-development-news  infrastructure  workforce-development  this-week-349  Around-the-web  Massachusetts  regional-reports 
april 2016 by areadevelopment
Georgia hiring credits - Deloitte US
​“Credits & Incentives talk with Deloitte,” is a monthly column by Kevin Potter of Deloitte Tax LLP, featured in the Journal of Multistate Taxation and Incentives, a Thomson Reuters publication. While the state of Georgia offers a number of tax credits, this edition of "Credits and Incentives Talk" focuses on the state's hiring tax credits.
taxes-incentives  Around-the-web  government-policy  Georgia  economic-development-news  this-week-347-top 
march 2016 by areadevelopment
5 principles for remaking economic development to generate growth, prosperity, and inclusion - Brookings Institution
“Embracing a broader vision of economic development is an economic and fiscal imperative,” Amy Liu writes in her new report, “Remaking Economic Development: The markets and civics of continuous growth and prosperity.” Liu, vice president and director of the Metropolitan Policy Program at Brookings, continues that “Our nation’s economic competitiveness and social cohesion remain threatened.”
economic-development-news  STUDIES  industry-organizations  Around-the-web  this-week-347  business-climate  government-policy 
march 2016 by areadevelopment
O’Connor: TIF districts create growth - The Journal Record - Oklahoma City
Planning development across Oklahoma City is crucial for progress and growth. We have gone to great lengths to improve blighted areas and encourage businesses to develop infill.
One method for encouraging development in these areas is through tax increment financing, or TIF. Amongst many other approaches, the use of TIF has created a positive impact over the years in OKC.
tax-increment-financing  oklahoma  economic-development-news  taxes-incentives  Around-the-web  this-week-347-top 
march 2016 by areadevelopment
Q&A: John Grady of PIDC - The Philadelphia Inquirer
For someone like Philadelphia Industrial Development Corp. chief executive John Grady, who has spent his entire career boosting cities, what's happening in Philadelphia now must be some kind of happy vindication, right?
economic-development-news  economic-development-agencies  Philadelphia  opinion  Around-the-web  this-week-347 
march 2016 by areadevelopment
MVEDA: NM lacking infrastructure to leverage economic growth - Las Cruces Sun-News
In a challenging budget year, with bipartisan support, critical programs such as the LEDA closing fund and the Job Training Incentive Program were maintained. Along with changes in tax policy over the past few years, I can honestly say that New Mexico is one of the most competitive states for manufacturing.
regional-economic-development  new-mexico  economic-development-news  taxes-incentives  government-policy  Around-the-web  this-week-346 
march 2016 by areadevelopment
New Study: How Important is FDI to the U.S. economy? - Tradeology, the ITA Blog
The International Trade Administration (ITA) released a new study that quantifies the employment impact of foreign direct investment (FDI) in the United States. Economists from ITA’s Office of Trade and Economic Analysis estimate that 12 million jobs, or 8.5 percent of the entire U.S. labor force, were attributed to FDI.
fdi-USA  economic-analysis  economic-development-news  Around-the-web  this-week-343 
february 2016 by areadevelopment
Building manufacturing communities for the long haul - Brookings Institution
Extending the notable bipartisan support for federal action on advanced manufacturing, five U.S. senators and six representatives introduced bipartisan, bicameral legislation to make the Manufacturing Communities program permanent.
government-policy  u.s.-manufacturing  economic-development-news  regional-economic-development  rural-economic-development  Around-the-web  this-week-342 
february 2016 by areadevelopment
RI Gov Backs $51M Plan to Jumpstart State’s Innovation Economy - SSTI
Last week, Rhode Island Gov. Gina Raimondo proposed more than $51 million in investments focused on reinvigorating the state’s economy through innovative industries with the release of her fiscal year 2017 budget request. The governor’s Make It in RI jobs plan incorporates many of the recommendations from a strategic plan developed by the Metropolitan Policy Program at Brookings, Battelle Technology Partnership Practice (now TEConomy Partners, LLC) and Monitor Deloitte. One of the key investments is a $20 million brick-and-mortar innovation district where entrepreneurs, businesspeople and academics can interact.
economic-development-news  regional-reports  rhode-island  Around-the-web  this-week-342  innovation-hubs 
february 2016 by areadevelopment
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