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Read: 2017 State Of The Year: South Carolina at BusinessFacilities.com. The Palmetto State’s manufacturing base gets stronger while South Carolina invokes its can-do spirit and leverages impressive resources to expand a diverse set of new growth sectors.
California has crushed the competition as the top-ranked state for Opportunity Zones and Michigan is still the undisputed heavyweight champ in Automotive Manufacturing Strength in Business Facilities’ 1 5th Annual Rankings Report , released this week.
4 in Best Business Climate, Texas—all have been perennial contenders for BF’s top honor, the State of the Year Award: Texas and Tennessee each have won the award three times since it was created in 2007; Virginia was the 2018 SOTY; Alabama won BF’s top award in 2017. “An The center will ultimately employ up to 2,000 associates.
HanGil IT develops AStrutTie 2017, a software that can be used for strut-tie model analysis and design for concrete members having disturbed stress region(s). This software facilitates the construction professionals to design corbel (bracket), abutment/pier footing, bridge pier coping (pier cap), frame corner, anchorage zone, deep beam, etc.
The Alliance has a strong partnership with Broward County’s Workforce One employment center, securing nearly $1 million state and local training assistance for 1,107 employees in local companies. of employment in its biotech sector, anchored by its world-class research institutions, including the Mayo Clinic and the University of Minnesota.
The July / August 2017 issue features our 13th annual rankings report, presenting the top states, metros and global locations from every possible economic development angle. Read: July / August 2017 Issue (Volume 50, Number 4).
The May / June 2017 issue features our annual tour of the locations that are leaders in logistics and distribution, ports and FTZs, LiveXchange 2017, biotech, tourism, and certified sites. May / June 2017 Issue (Volume 50, Number 3). Plus, what’s going on in Maryland, Louisiana, Nevada and Tennessee. BF Staff.
The state will cross the trillion dollar threshold for nominal GSP in 2017. Florida’s economy, as measured by GSP, will have grown tenfold in size from 1980 to 2017.”. Ranked 5 th in the nation for high-tech employment by TechAmerica’s Cyberstates report, Florida boasts more than 270,000 high-tech workers. 1,500 jobs.
The project will break ground this summer, employing 200 during construction before opening its doors towards the end of the first quarter of 2017. .” The new plant will be located on industrial property adjacent to the Scappoose Industrial Airpark.
New research from CareerBuilder has identified seven major trends that have significantly influenced job creation over the last seven years (2010-2017). The seven trends are listed below, along with examples of impacted occupations for each trend with job growth rates from 2010 to 2017. Credit: altrendo images. ” .
From the July/August 2017 Issue. What’s more, Arizona offers a robust portfolio of programs and resources supporting both large and emerging tech employers. Zoned mixed-use/commercial. Strong workforce within a 45 minute commute zone. Strong workforce within a 30 minute commute zone. By the BF Staff.
Read: 2017 Economic Development Deal of the Year: Bronze Award at BusinessFacilities.com. A partnership between Saudi Arabian Basic Industries and Exxon chooses Corpus Christi, TX for a new $10-billion ethane cracker.
The $100 million plant in Turkey’s Manisa Organized Industrial Zone began production in December 2017 with more than 200 employees. Read: Mitsubishi Electric Celebrates New Plant In Turkey at BusinessFacilities.com.
From the July/August 2017 Issue. Infrastructure and a workforce that specializes in industrial sector employment are two areas where many competing locals around the nation fall short when compared to Southwest Louisiana. By the BF Staff. Currently, the region has over $120 billion in announced projects. PORT OF SOUTH LA: MEGA-HUB.
From the July/August 2017 Isssue. According to the Connecticut Department of Labor, the May 2017 unemployment rate for Connecticut was estimated at 4.9 percent (seasonally adjusted), unchanged from April 2017 and down four-tenths of a percentage point from a year ago. By the BF Staff. percent in 2016, was down 0.8 The NH Dept.
From the September/October 2017 Issue. Braidy Industries Chairman and CEO Craig Bouchard recently said the region’s pool of available, talented workers ought to be seriously attractive for advanced-manufacturing employers. By the BF Staff. BF: Braidy Industries announced earlier this year that it will build a $1.3-billion
US code usually requires employers to maintain a minimum temperature, not a maximum. Between 1992 and 2017, heat stress injuries killed 815 US workers, according to OSHA. Relocate or raise heat-producing equipment We can raise the industrial equipment off the floor to keep heat from collecting there and creating hot zones.
Construction is scheduled to begin in early 2016 and GM Financial will begin occupying the building in the first quarter of 2017. “As This additional facility will help us do that by expanding our workforce and service capacity in a strong and vibrant employment market. million state incentive from the Texas Enterprise Fund.
For-profit small businesses (100 employees or less) that are located in a DCED designated distressed community or Keystone Opportunity Zone is eligible. It is a companion program to the Keystone Innovation Zone (KIZ) program. 1, 2017 and Dec. Export Financing Program: Funding for small business for export activities.
From the September/October 2017 Issue. Rauner also enacted an extension of the River Edge Redevelopment Zone tax credit program. The River Edge Redevelopment Zone Program helps stimulate the state’s economy and the local economies where the program is available. By the BF Staff. Louis, Elgin, Peoria and Rockford. Rauner said.
Two of the leading employers, UPMC and West Penn Allegheny Health System, together account for more than 50,000 jobs. Little Rock, AR is a center for several major employers in a variety of industries including healthcare, service, government and agriculture. A burgeoning health care industry drives the regional economy in Pittsburgh.
From the September/October 2017 Issue. Boyd Rutherford (left) and Environment Secretary Ben Grumbles, discusses his 2017 Environmental Package. Larry Hogan’s 2017 environmental agenda, which the governor unveiled in January. By the BF Staff. T he Maryland state legislature has allocated $7.5 Larry Hogan, with Lt.
Businesses will be able to locate in these zones and operate 100 percent tax-free for 10 years (no income, business, sales or property taxes and no franchise fees). The geographic boundaries have been extended, and capital investment and employment eligibility requirements have been reduced.
From the July/August 2017 Issue. These Minnesota companies illustrate how exporting or attracting foreign direct investment can help businesses compete globally,” said Commissioner Shawntera Hardy of the Minnesota Department of Employment and Economic Development (DEED). “I Full-time employment has grown from 135 to 188.
More than $7 billion in goods were shipped from Minnesota to Asia in 2017, with shipments to Japan notching a 30 percent increase over the previous year. Read: Asian Markets Spur Exports Surge from Minnesota at BusinessFacilities.com.
The company, which is the world’s fastest growing top 10 software company, will begin moving into Salesforce Tower Indianapolis in early 2017. Plans for the new office include collaboration spaces, mindfulness areas and social zones.
From the July/August 2017 Issue. M idway through 2017 the Food Processing industry already has seen a number of expansions and relocations along with new facility construction. Additionally, the city was able to provide a $4 million Urban Enterprise Zone loan to assist with renovation costs. By the BF Staff.
Foreign Trade Zones (FTZ): Neutral, secured areas legally outside of the U.S. If the state meets revenue targets, the corporate income tax will drop to 4% in 2016 and 3% in 2017. customs territory that offer economic advantages for businesses involved in international trade. in 2014 and 5.75% in 2015.
Mesa Mayor Scott Smith, City Manager Chris Brady and Economic Development Director Bill Jabjiniak assisted Apple with its Foreign Trade Zone application to provide real and personal property tax relief for Apple’s investment in the Mesa site. Deal said the Innovation Center is “is exactly the kind of employer we want in the state.”
From the September/October 2017 Issue. Governor Kim Reynolds is calling on educators, employers and legislators to collaborate to add 120,000 Iowans with postsecondary degrees or credentials to the state’s workforce by 2025. By the BF Staff. I owa’s leaders have an ambitious target for the state’s workforce education goals.
Travel ranks 7th in terms of employment compared to other major private industry sectors. commercial gaming in the 2017 calendar year. commercial casino industry directly employed more than 361,000 employees in 2017, and those employees earned more than $17 billion in wages, benefits and tips. This generated $2.5
In 2017 FPL purchased?the? The 1,250-acre mega site, which is located in the New York Power Authority (NYPA) hydropower zone, features low-cost, 100 percent renewable electricity. the clock struck midnight on Dec. formally closed its last coal-fired?plant?in in Florida. customers money.?The The formal retirement marked?
Energy Efficiency and Solar Grants: Commerce received a $25,000,000 appropriation in the 2015-2017 state Capital budget to continue the program. Qualifying counties are those counties with an unemployment rate at least 20% higher than the statewide rate based on a three year average published by the Employment Security Department.
From the September/October 2017 Issue. Most also qualify for multiple tax credits through the Colorado Enterprise Zone. Bonsai Design, a 2017 Colorado Companies to Watch, will move its headquarters here next spring, complete with a signature aerial adventure course open to the public. By the BF Staff.
CoStar Group is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Governor Terry McAuliffe approved a $4 million grant from the Commonwealth’s Opportunity Fund to assist Richmond with the project.
When Clark Ivory returned with his family to Salt Lake City from a three-year church mission in the eastern European countries of Moldova and Romania in 2017, he could have easily allowed Ivory Homes, the company founded by his father, Ellis, almost 50 years earlier, to continue without him. Mike Beirne, Senior Editor.
Automation Credit: Allowed only for the 2013, 2014 and 2015 through 2017 tax years, it is an income tax credit for purchasing machinery and equipment for the purposes of automating a manufacturing process in ND. Total credits are limited to $2 million in any per calendar year for 2013-2015 and $500,000 per calendar year for 2016 and 2017.
A fter several years of job losses, aerospace and defense sector employment is expected to grow in 2016 by more than 39,000 jobs in the U.S., This reverses a five-year trend that resulted in employment decreases of 9.4 aerospace and defense sector continues to be one of the top employers in the U.S. Acadiana is home to PHI, Inc.,
55% of the receipts from selling jet fuel for use in turboprop or jet engines until June 30, 2017; 40% after June 30, 2017. High Wage Jobs Tax Credit: A taxpayer who is an eligible employer may apply for and receive a tax credit for each new high-wage economic-base job. Qualified employers: .
Its key feature is highly automated 30+ lane transfer zones and automated live e-gates. The project, which began three years ago and is expected to be completed by 2017, is more than halfway done after workers finished dredging an 11-mile stretch, known as Reach D, last month. That work is expected to begin in September.
High Wage Jobs Tax Credit: A taxpayer who is an eligible employer may apply for and receive a tax credit for each new high-wage economic-base job. Qualified employers can take the credit for four years. Are growing with employment greater than the previous year. Are growing with employment greater than the previous year.
Low-cost land, a skilled workforce and “Restrained” government—with low taxes and minimal regulation—yield unrestrained growth in Texas. Read: The Sky’s The Limit In The Lone Star State.
Collaborator and co-author for award-winning project in the 2017 Global LafargeHolcim Awards. Secret Life • Enjoys analyzing land zoning and development layouts for fun. . . . . Homes of Distinction. Rogers, Ark. . . Education • BS, Medical Sciences, University of Arkansas. Certifications • Arkansas Contractors License.
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