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State, Provincial, & International Reviews

Thursday, November 30 2017

Within the last decade, Team South Carolina has risen as a star player on the global economic development stage. Known as one of the top states in the world to do business, the Palmetto State  consistently receives high rankings for job creation linked to foreign investment. So, how has this one-time small, southern textiles state transformed into a magnet for international business? The answer is quite simple. 

With its second-to-none business environment, solid transportation infrastructure and diverse supply chain, the Palmetto State has succeeded in attracting substantial capital investment from around the world. More importantly, the workers across the state have built an undeniable reputation; they’ve proven, time and time again, that they’re capable of making any product, and making it well. While all of these qualities help make South Carolina an attractive business destination, true success happens because of the one team approach. 

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:15 am   |  Permalink   |  Email
Thursday, November 30 2017

A winning formula needs the right ingredients. Mississippi has all of them. From a skilled and productive workforce to the state’s low corporate tax rate, Mississippi’s pro-business environment fosters growth and attracts new investment. State and local leaders work hand-in-hand with Mississippi’s corporate partners to create new career opportunities statewide.

Thanks to the state’s highly efficient one-stop permitting process, Continental Tire broke ground just 10 months after announcing the tire maker was locating in Hinds County. This project netted the state a number of economic development awards and accolades by the world’s fourth largest tire manufacturer. The plant reflects an investment of $1.45 billion and 2,500 new jobs, while significantly reinforcing Mississippi’s leadership position in the Southern Automotive Corridor. 

“Building this new facility in Mississippi is a critical part to our growth strategy for Continental Tire,” said Nikolai Setzer, a member of Continental’s executive board and head of Continental’s global tire business worldwide. “This is the first new plant, globally, for the truck tire business in more than 10 years. And, at $1.4 billion, this is the largest investment ever for our CVT business. We are convinced that the state of Mississippi provides the best options for Continental to grow our tire business.”

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:00 am   |  Permalink   |  Email
Thursday, November 30 2017

As I have been writing this article, I found myself continually circling back to an issue that is fundamentally impacting site locations for Latin America and the rest of the world—the future of U.S. trade policy.  The reality is that it is somewhat difficult to discuss location trends (particularly as we look forward) because of the general uncertainty about the direction that US trade policy will take. The good news is that the administration and Congressional leadership have backed off protectionist policies such as a blanket 35 percent import tariff for companies that leave the U.S. and establish facilities elsewhere, as well as 20 percent border adjustment tax -- similar to a value added tax (VAT). It also seems clear now that the administration will not follow through on an earlier threat to completely withdraw from NAFTA. 

The results which will emerge from the renegotiation of NAFTA may signal how the rest of Latin America and the world will be impacted. In July, the United States Trade Representative issued an 18-page document, titled “Summary of Objectives for the NAFTA Renegotiation”. The report set forth more than 100 objectives covering 22 different issue areas related to trade, giving us some insight into what the administration seeks to achieve. I have written about this in other articles—but I suspect that issues surrounding “rules of origin” may have the most significant impact on location decisions as we go forward.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 08:30 am   |  Permalink   |  Email
Thursday, November 30 2017

Industry, education and government team up to put advanced manufacturing technology to work in West Virginia

Advanced manufacturing technology is a complex, evolving concept that is often simply defined as the use of innovative or cutting-edge technology to improve products or processes. It is the quest to produce faster, more cost-effectively higher performance materials, ahead of the rest. Advanced manufacturing technology gives companies – and countries – competitive advantages that build economic strength. 

In West Virginia, teams of private industry, educational institutions and government agencies collaborate to apply the technologies and to supply workers who know how to use them.

Advanced manufacturing technology got its start in the automotive industry, where it continues to be a driving force. West Virginia’s auto sector reflects this same passion for constant improvement and rapid innovation. 

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 08:20 am   |  Permalink   |  Email
Thursday, November 30 2017

In the wake of an energy sector downturn, Wyoming’s state and local leaders committed themselves to creating a more resilient economy.

The multi-pronged approach includes new strategies from the Wyoming Business Council and a 20-year governor’s initiative dubbed Economically Needed Diversity Options for Wyoming, or ENDOW.

Together, business leaders, government experts and local citizens are building a road map for adding value to Wyoming’s vast natural resources; increasing exports and foreign investment; retaining and expanding small businesses; bolstering quality communities; growing innovation, entrepreneurship and finance; and attracting and training the workforce of today and tomorrow.

“We are actively engaged with industry to understand their needs,” said Shawn Reese, chief executive officer of the Business Council. “Then we can bring their concerns to the state and see if there is a way to address them.”

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 08:10 am   |  Permalink   |  Email
Wednesday, November 29 2017

Montana’s rugged beauty and pioneering legacy has forged a modern-day culture of self-sufficiency and entrepreneurship. Under Governor Steve Bullock’s leadership, the State has seen unprecedented business and industry growth, startup activity, and a refinement of longstanding culture of innovation. The State's diverse economy affords the opportunity to embrace the changes brought by growth industries while encouraging efficiencies in traditional sectors.

While Montana's most important industries have been agriculture and natural resource extraction, the State has become a hub for high-tech businesses. A reflection of the State’s focus to be more than The Best Vacation You’ll Ever Take, Montana is desirable to a skilled workforce weary of gridlocked traffic and the high cost of living. Small tech companies are attracted to a collaborative culture for both businesses and workforce who know they can live an amazing life without sacrificing their careers. 

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 11:25 am   |  Permalink   |  Email
Wednesday, November 29 2017

By Empire State Development

Upstate New York was once a powerhouse of industry, with traditional manufacturing employing tens of thousands of people and serving as the economic engine for entire communities. Today, we’ve entered a new era of innovation. This is the new New York, a state of opportunity where we are investing in the growth of the 21st century economy, supporting the businesses and industries that represent the jobs of tomorrow. 

We’re already seeing results – by attracting global leaders in fields such as nanotechnology, photonics, advanced manufacturing and clean energy; and at the same time, establishing thriving hubs for 21st century industries throughout New York State, from Buffalo to Long Island and everywhere in between. Through years of deliberate fiscal discipline, New York has achieved the lowest tax rates in a generation, lowest unemployment in years, and added close to one million private sector jobs since 2011. 

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 11:19 am   |  Permalink   |  Email
Wednesday, November 29 2017

Mobility is a critical pursuit that will impact the world environmentally, economically and technologically. It will help improve air quality and reduce fossil fuel consumption. It will lead to fewer, yet more sophisticated, vehicles and roadways. And it will provide a safer and more convenient mode of transportation for consumers and commerce alike. Michigan is at the hub for all things mobility and is leading the way in this revolution of the transportation industry.

PlanetM originated from the collective mobility efforts of the Michigan Economic Development Corporation (MEDC), Michigan Department of Transportation (MDOT), MICHauto, Business Leaders for Michigan and the University Research Corridor (URC). It is designed to keep Michigan at the forefront of regulatory issues, legislative rulings, mobility technologies, research and development, testing, and deployment of mobility services. Through this mission, PlanetM is continuing to grow. Its members now include more than 40 public and private partners working together to advance the mobility industry in the state, with representation from business, higher education, startup groups and governmental bodies. PlanetM’s mission is to brand Michigan’s unique ecosystem and leading role in transforming the diverse means of transportation by which people and goods move. 

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 10:35 am   |  Permalink   |  Email
Wednesday, November 29 2017

In the past five years, the Denver Metro Area and Colorado as whole has seen enormous growth. People from all over the country are moving to the Centennial State, and not just for the 300 days of sunshine each year. With an unemployment rate below the national average, newcomers are finding well-paying job opportunities with companies ranging from established corporations to cutting-edge start-ups in a variety of industries. 

It’s not just individuals who are moving to Colorado—businesses are flocking there too. In 2016, Forbes ranked Colorado at #5 among the Best States for Doing Business, thanks in part to the low to moderate costs of doing business (2.4 percent below the national average). It doesn’t hurt that Colorado’s central geographic location makes for easy global access and direct access to a large and ever-growing customer base. A Leader in Tech and the Advanced Industries With the recent migration into the state, it’s no surprise that many of Colorado’s key industries are on the rise, including what the State terms its ‘Advanced Industries.’

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 10:30 am   |  Permalink   |  Email
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