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 State, Provincial and International Reviews 
Friday, November 29 2019
Come to New York: the State of the Future

For many years, Upstate New York was losing jobs and its population was dwindling in large part to the shift to a global economy that saw manufacturing and other jobs head out-of-state and overseas. Today, under the leadership and vision of Governor Andrew M. Cuomo, the Upstate economy is in the middle of a resurgence, with businesses growing and generating economic opportunities in communities – from Western New York and the Southern Tier to the North Country and Mid-Hudson regions.

New York is fueled by talent and resources that are leading smart, dynamic, innovative companies and new businesses to move and thrive in the state. At a time when the state’s taxes are at their lowest in decades and the private-sector jobs are at historic highs, New York is investing an additional $150 billion in the nation’s largest infrastructure program, reinforcing the state’s prime business location. 

Posted by: AT 01:44 pm   |  Permalink   |  Email
Friday, November 29 2019
You Don't Really Know South Carolina

Forget what you’ve heard about the benefits of doing business in the state of South Carolina. While the Palmetto state has proven time and time again to be the go-to-destination for business in the southeastern U.S. with success stories like BMW, Boeing, Volvo, LG, Giti Tire and countless others over the years. It’s easy to see why, given the sizable pool of skilled labor, top-notch training programs and facilities, the most business-friendly climate in the country, and a competitive incentives program are just a few of the things that make the state attractive. Cities like Greenville, Columbia and of course Charleston have become internationally recognized as a result.

But the site of South Carolina’s future success rests in the state’s northeastern corner.

Momentum has been quietly but steadily gaining in recent years, resulting in unprecedented amount of growth and positioning the region to take its place as South Carolina’s latest success story. If you aren’t familiar with the area that includes Myrtle Beach, Florence, and Georgetown then you’ve missed a lot already. 

Posted by: AT 11:11 am   |  Permalink   |  Email
Friday, November 29 2019
The Secret is Out - Montana Has Been Discovered.

While Montana has long been known for its scenic beauty, rugged landscape and its history of extractive industries and productive agriculture, the Montana story has quickly evolved to include new and expanding industries that are accelerating the state’s innovation economy and leveraging the entrepreneurial spirit that will define Montana’s future. With the fifth-best business tax climate in the nation, the state is seeing a rapid influx of businesses from the coasts, as well as home-grown ventures. Montana has indeed been discovered, and businesses in the state are enjoying substantial economic and quality of life advantages over their rivals.

Montana’s flourishing high-tech sector has been growing rapidly and that pace is accelerating – now expanding nine times faster than the statewide economy, and generating $1.7 billion in revenues. High-tech firms have experienced 18 percent overall growth in the past year, and pay on average more than twice Montana’s median income. While many of these firms are homegrown, the number of tech sector companies relocating to Montana is also expanding as these firms seek a high quality of life for their employees and a soft landing for growing their business.

Posted by: AT 03:33 am   |  Permalink   |  Email
Thursday, November 28 2019
Mississippi - Competing to Win

Most people know Mississippi for its music, its food and its Southern hospitality, but the state also is home to burgeoning industries that add millions of dollars to the economy and employ thousands of people.

It takes nearly five hours to drive the 325 miles from Hancock County along the state’s coast to Blue Springs., near the Tennessee line. Between those two places are aerospace and automotive companies known all over the world.

Mississippi’s strong business climate, which includes a dynamic workforce, has attracted companies that build everything from cars to rockets to the most advanced warships in the world.

Posted by: AT 01:11 pm   |  Permalink   |  Email
Thursday, November 28 2019
Colorado Rises a Mile High Above the Rest in Four Key Areas

By Jill McGranahan, Communications Manager, Colorado Office of Economic Development and International Trade

Colorado consistently ranks among one of the best states to live and do business. With its low unemployment rate and strong business growth, Colorado continues to enjoy a robust economy; one it doesn’t take for granted. Colorado’s strong economy is a direct result of a planned strategic approach to economic development defined by four key areas –Workforce and Education; Ideal Location; Accessibility; and Diverse Industries. 

Workforce and Education
Colorado’s workforce is highly educated, with 39 percent of the population possessing a bachelor’s degree or higher – the second highest percentage in the nation. By comparison, the national average is 30 percent. Colorado attracts talent from other states, ranking third among peer states for the rate of migration of individuals into the state with bachelor’s degrees or higher.

Posted by: AT 11:44 am   |  Permalink   |  Email
Thursday, November 28 2019
Michigan Means Pure Opportunity

Everything you need to know about Michigan in seven words

Michigan has always been on the forefront of invention and progress. As the birthplace of the automotive industry, the state revolutionized advanced manufacturing. Businesses choose Michigan for its talented workforce, business-friendly environment, manufacturing and mobility expertise, and density of research and development expertise. Following are just some of the reasons why Michigan is the home for Pure Opportunity.

Michigan’s comeback story is legendary. Behind this economic prosperity is a state hard at work to ensure its continued growth and sustainability. Investing in Michigan is a smart choice thanks, in part, to the state’s business-friendly climate and favorable tax structure. Through a wide variety of programs and resources, Michigan also offers customized incentive packages for business attraction opportunities that create jobs and new investment. 

Posted by: AT 09:33 am   |  Permalink   |  Email
Thursday, November 28 2019
Locating in Latin America

By Bob Cook, Senior Vice President, Latin America, Site Selection Group

The most successful countries in Latin America have created investment laws that encourage foreign direct investment and have assembled professional teams that can facilitate the establishment of operations inside their borders. As businesses consider Latin America for potential operations, it is important to conduct in-depth analysis on the labor force, infrastructure and the legal/regulatory environment in each country. You must also assess the risk environment in real time—looking comprehensively at the political environment, and any current or emerging issues that may directly impact the security of your people, facilities and supply chain. Be assured, however, there are a number of places in Latin America that will grade out favorably in all these measures. 

Why Latin America?

Most countries in Latin America can provide globally-competitive operating costs—particularly related to labor. Labor costs throughout Latin America will be significantly lower than those in the United States. Legal minimum wages in the region range between one-eighth to one-half of the U.S. minimum wage. Keep in mind, however, that other factors of production such as real estate and electricity will likely be higher than what companies may experience in the U.S. 

Posted by: AT 05:55 am   |  Permalink   |  Email
Monday, September 30 2019
The Commonwealth of Virginia - An Economic Engine Since 1607

Founded as a business venture in 1607, Virginia represented the first English settlement in North America and a gateway for enterprise. More than 400 years later, the Commonwealth has upheld its global reputation and emerged as a hub for entrepreneurship and innovation. Today, Virginia is CNBC’s Top State for Business, thanks to its pro-business environment, top-tier education system, and strategic investments in 21st century workforce solutions.

The Commonwealth is home to the corporate headquarters of 34 Fortune 1000 firms, and continued investments from industry leaders like Amazon, Micron, Nestlé USA, and Volvo Trucks reinforce Virginia’s longstanding position as a premier business destination. The Commonwealth has meticulously crafted a supportive ecosystem for businesses to thrive, while adapting modern solutions and enhancing its centuries-old legacy as an economic powerhouse.

Posted by: AT 09:57 am   |  Permalink   |  Email
Monday, September 30 2019
Maryland: Making the Most of Opportunity Zones

Yard 56, a transformative mixed-used project planned in East Baltimore on a 20-acre industrial site, was the first project in Maryland to receive an investment through the federal Opportunity Zones program. An investment by Prudential Financial Impact Investments will support the development of Phase 1, which will consist of 190,000 square feet, including LA Fitness, Streets Market, retail shops, restaurants and 100,000 square feet of office space.

“Yard 56 is a model example of how of how Opportunity Zones can help spur investment to transform a vacant brownfield site into a mixed-use development that will support the growth of adjacent neighborhoods and anchor institutions,” said Colin Tarbert, president and CEO of the Baltimore Development Corporation, which has a dedicated Opportunity Zone coordinator for the City of Baltimore.

Posted by: AT 09:54 am   |  Permalink   |  Email
Monday, September 30 2019
Aerospace and Defense Companies Soar in Arkansas

By Secretary Mike Preston, Arkansas Department of Commerce

When Lockheed Martin was looking for a site to produce its High Mobility Artillery Rocket System, it knew it had found the perfect spot in a rural area in south central Arkansas. Over the years, the company has continued to expand the facility with its most recent expansion announced in June at the Paris Air Show. Lockheed Martin will invest $142 million in the facility, creating 326 new jobs to produce the rocket system as well as perform final assembly for Integrated Air and Missile Defense and Precision Fire products for the United States and allied military services.

“Our facility in Camden is a highly efficient, high quality center of excellence that contributes components and performs final assembly for products that are important to the defense of the United States and a growing number of allied nations,” said Frank St. John, executive vice president of Lockheed Martin Missiles and Fire Control. “The facility has a long record of precision manufacturing and on-time deliveries, which is the reason we continue to invest in and expand our Camden Operations. This expansion will help ensure the availability, affordability and quality of systems we build for our customers around the world.”

Posted by: AT 09:52 am   |  Permalink   |  Email

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