Skip to main content
#
 
rss feedemail usour twitterour facebook page pintrestlinkdin
Home
Economic Development News
Magazine
Conference & Expo List
Target Industry Directory 2018
Advertise With Us
About Us

State, Provincial, & International Reviews

Wednesday, January 10 2018

By James H. Renzas, Principal, The RSH Group, Inc.

Companies based in the U.S. frequently consider locating manufacturing operations in Mexico. At the RSH Group, we often consider Mexican locations in our site selection studies along with domestic and Canadian locations. We subject Mexican locations to the same criteria we use to evaluate U.S. manufacturing locations in order to determine the optimal location for new or relocated operations. 

Benefits

Major advantages of a Mexican location for manufacturing are in the area of labor cost, labor availability, reduced regulatory costs, taxes, real estate and support infrastructure. The average manufacturing wage in the United States is nearly $21 per hour. In Mexico, the average manufacturing wage is just over $2 per hour -- an historic low. The result is a continued trend of companies moving or establishing manufacturing activities in Mexico.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:00 am   |  Permalink   |  Email
Wednesday, January 10 2018

By Kristi Clouse, Executive Director of Operations, JobsOhio

Ohio is continuing to climb lists as a go-to place for business, and it’s not by accident.

Since 2011, there’s been an ongoing trend of Ohio achieving higher ranks in national lists that recognize the best states for business. Many of these rankings result from surveys of corporate facility investors and site consultants. Companies in Ohio benefit from a strong economy, backed by a $2 billion budget reserve, a strong credit rating and a favorable tax structure. 

Ohio now holds its place as the seventh largest economy in the U.S. and the 21st largest globally. It’s not just one factor that makes Ohio a viable place for business growth, but many. And Ohio doesn’t support just one thriving industry, it supports nine.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 08:38 am   |  Permalink   |  Email
Wednesday, January 10 2018

In 1962, the world came to Washington State to see the future. Seattle was the host of a world’s fair, the Century 21 Exposition, and its futuristic theme electrified crowds throughout it six-month run. World’s fair exhibitors predicted a fantastic world to come, one where video games would be projected on large screens in the home, power tools would be cordless, books and libraries digital, and homes would be so smart that you could turn the lights or heat on and off with your phone.

Fifty-five years later, Washington continues to lead the way with breathtakingly fresh innovations and inventions. Inspired perhaps by the fair’s iconic Space Needle that still commands the Seattle skyline, companies around the state continue to blaze new trails, making the impossible possible, from machine learning and robotics to new building materials and transportation systems.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 08:20 am   |  Permalink   |  Email
Tuesday, January 09 2018

In addition to being home to successful food processing and fabricated metal companies, Nebraska also offers significant advantages to manufacturers of plastics products. Few states are as attractive as Nebraska when it comes to expanding or building a plastics manufacturing facility. There are good reasons why world-class manufacturing companies thrive in the Cornhusker state. Nebraska offers an attractive business climate, a productive and well-educated labor force, competitive labor and energy costs, and a central location. 

As the state’s largest electric utility, Nebraska Public Power District (NPPD) works with local, regional and state economic development organizations to position communities and regions for economic growth, to assist with the expansion and retention of existing industry, and to attract new businesses.  In a recent study, “Nebraska Profit Opportunities for Manufacturers of Plastics Products”, Dr. Ken Lemke, Ph.D. (an economist at NPPD) reveals how a Nebraska plant location can help companies better respond to market conditions and significantly improve their competitive positions. Dr. Lemke’s study provides cost comparisons among 16 states (including the top ten states in terms of employment and value of shipments by the Plastics Product Manufacturing industry.  These are states Nebraska typically competes with regarding industrial location projects.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 10:13 am   |  Permalink   |  Email
Tuesday, January 09 2018

By Brandon Mattingly

Kentucky just concluded what many would describe as the state’s most successful year ever in terms of economic development. Not only did the Commonwealth create its most jobs in a decade, but it shattered its all-time investment record for a single year…before the end of May.

In 2017, Kentucky secured commitments for more than 16,000 jobs created and $9+ billion invested, a more than 75-percent increase in investment over its previous record of $5.1 billion in 2015.

Three massive projects – Amazon, Toyota and Braidy Industries - set the tone for the year early, and each tells its own piece of the story of the state’s record year.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:48 am   |  Permalink   |  Email
Tuesday, January 09 2018

By Mark S. Peterson, President & CEO, Intersect Illinois

As many site selectors and consultants know, one of the most important factors when deciding on a location is talent. Fortunately, along with an unrivaled experience in numerous target industry clusters, its unparalleled infrastructure network, a superior quality of life, and the strong public support and partnerships, the state of Illinois also known for its exceptional talent and innovation. When combined, the choice becomes clear – Illinois is where business meets its next opportunity.

When I came to Illinois to begin my position as President and CEO of Intersect Illinois, the economic development organization whose purpose is to position the state of Illinois as one of the most innovative locations in the world, to attract new investment, jobs and economic prosperity, I made it a personal mission to familiarize myself with the state’s assets and attributes. One of the factors that stood out is the talent and depth of the Illinois workforce. 

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:24 am   |  Permalink   |  Email
Tuesday, January 09 2018

Florida is an economic superstate with the 4th largest economy in the U.S. and the 18th largest economy in the world, if considered a country. Florida Governor Rick Scott is committed to making Florida the number one state for job creation by removing burdensome regulations and keeping corporate taxes low. That, along with Florida’s strong economy and zero personal state income tax, makes it a great place to do business. 

Governor Scott’s policies have helped earn international recognition. At a recent International Economic Development Council Annual Conference in Toronto, Florida was ranked 2nd for most favorable business climate. Respondents mentioned the state’s pro-business environment, favorable tax climate and its global position.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 08:00 am   |  Permalink   |  Email
Share this story
Twitter
Facebook
LinkedIn
Site Mailing List 

Expansion Solutions is a worldwide service of Cornett Publishing Co., Inc. ©2018, all rights reserved. 
Our content is from many sources and not warranted to be accurate or current. 
For general inquiries, email: info@ExpansionSolutionsMagazine.com