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No less than six Texas cities appear in Business Facilities’ new top 10 ranking of Recovery Employment Leaders in the Metro Ranking Report released this week by the national publication which focuses on site selection and economic development. Southwest Business Facilities Cities Economic Development Employment rankings'
Construction employment increased in 329 out of 358 metro areas between April and May as a new survey finds that two-thirds of highway construction firms had at least one crash in the past year at highway work zones they operate. Ken Simonson, chief economist, noted that construction employment…
The Port of New Orleans, at the center of the world’s busiest port complex, took first place in Business Facilities’ Logistics Leaders (Ports) ranking in the magazine’s 2013 Metro Rankings Report. Anchorage, AK held onto second place, followed by Louisville, KY, the North American hub for UPS. Far West U.S. -
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.
According to the Florida & Metro Forecast 2013–2016 , published in April by the Institute for Economic Competitiveness (College of Business Administration, University of Central Florida), Florida’s economic future also looks bright. (Photo: Greater Fort Lauderdale Alliance.). By Dominique Cantelme. From the July/August 2013 issue.
What’s more, Arizona offers a robust portfolio of programs and resources supporting both large and emerging tech employers. Boasting a population of nearly 500,000, Mesa is the 36th largest city in the United States and second largest in the Phoenix-Mesa metro area. Phoenix-Mesa metro boasts a workforce of more than 2.2
So this year we’re introducing our Cybersecurity Growth Potential ranking, which is based on an across-the-board evaluation of each state’s cyber ecosystem, including higher ed resources, research labs and innovation centers, and partnerships with national security programs, as well as employment. OPPORTUNITY ZONES ARE HERE.
Enterprise Zone Credit or Exemption: The Alabama Enterprise Zone Act (Act. The program provides state and local tax incentives and non-tax incentives to businesses and industries located within Alabama’s Enterprise Zones. Must expand its labor force, make new capital investment, or prevent loss of employment.
Home sales also increased in 67 of the 85 largest metro areas in July, but some states, such as New York, are seeing dramatic drops in home sales. It may seem like the Twilight Zone for the housing market to be performing better than ever while the economy is in the tank, but it goes to show that we are in truly unprecedented times.
The burgeoning downtown development was a key factor which helped make Baton Rouge the top-ranked metro for Economic Growth Potential in Business Facilities ‘ 9th Annual Rankings Report last summer. The project will have a direct economic impact of $210 million and directly create 2,500 jobs over the next 10 years.
“Through prudent planning and conservative financial management, county leaders have positioned our community to have a strong competitive advantage in the recruitment of high-value employers.” Louis' Metro East approach $9.5. For more information, contact the EDO at (800) 330-3161 or visit www.LeeCountyBusiness.com. 0 Comments.
Since everyone has been bemoaning the decaying state of America’s bricks-and-mortar infrastructure, we decided to accentuate the positive by bestowing our new IT Infrastructure award on three metros that bucked the trend and took matters into their own hands. Without further ado, here are the winners of our 2014 Economic Development Awards.
ENTERPRISE ZONE CREDIT: To stimulate growth in depressed areas of the state, Alabama offers certain tax credit incentives to business that locate or expand within a designated enterprise zone. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.
For our 9th annual report card of the state, metro and international pecking order , we took a close look at our energy rankings. We continue to see no point in extrapolating our state rankings to 50th place (or metro rankings to 350th place). 5 in Biotechnology Strength Employment Leaders, no. Here’s a sampling: no.
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.
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).
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.”
Opportunity4Jersey: Focused on filling the need for skills workers, this step of the initiative will fund training programs directly connected to the need of a number of employers. The ads will continue to run throughout the year in top metro areas based on alignment with New Jersey’s target industry sectors. Seaside Heights, NJ.
Nathan Deal has announced that Kaiser Permanente, an integrated provider of health care and coverage, will create 800 jobs in metro Atlanta. By expanding our footprint in metro Atlanta, we are showing just how committed we are to bringing our unique model of care to this region.”. KAISER PERMANENTE ADDING 800 JOBS.
Job creation and real property tax credits are available in our Enterprise Zones; workforce technical training grants support a skilled workforce; cost-saving energy programs are available through our utility partners; and the Harford Metro Area Network’s broadband access can provide redundancy through dark fiber and lit service.
The site offers a 24/7 control tower and a fire station and is designated a Foreign Trade Zone with customs and border security. Another aerospace company, Metro Aviation based in Shreveport, Louisiana continues to thrive in North Louisiana. North Louisiana’s defense sector represents one of the largest employers in North Louisiana.
If those trends continued, Clark reckoned housing affordability in the Salt Lake metro area would follow the same path as California’s Silicon Valley, potentially creating an estimated shortage of 50,845 housing units in the Salt Lake market by 2044, according to a 2018 study by the University of Utah’s Kem C.
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.
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.,
Since its inception in 2008, the program has recognized 47 active AdvantageSite locations in the state after meeting guidelines such as utility and environmental standards, size, zoning and accessibility. Overall, 17 projects have located on sites with AdvantageSite designations, representing the creation of more than 3,400 jobs and $718.7
Several sites within Hendricks County are foreign trade zones, too. The area’s quality of life and existing employers in fields such as bioscience, medical devices and motorsports have drawn highly skilled workers. Providing a skilled workforce to current and future employers has become a priority of the entire region.
Cloud’s Airport Industrial Park, an area certified as “Shovel Ready” under the Minnesota Department of Employment and Economic Development (DEED) Shovel Ready Site Certification Program. Shovel Ready Silver certified sites means that its documentation is less than one year old and has proper zoning and infrastructure built to the property.
It’s also massively multilingual with more than 130 languages spoken in the course of business every day and has a foreign trade zone and intermodal inland port. The Utah State Legislature allocates annual funding to Custom Fit, covering a substantial portion of the cost to employers.
In this year’s Metro Rankings Report, we’ve taken note of the crucial role exports are playing in the Recovery for many locations by charting their success in two of our rankings categories, Exports Growth Leaders and Exports Recovery Leaders. 10 in our Economic Growth Potential metro ranking. From the July/August 2014 issue.
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: . Are growing with employment greater than the previous year; and. Qualified employers can take the credit for 4 years. Must be a resident of New Mexico.
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.
The 30,000-square-foot facility—located at 163-177 Pennsylvania Avenue, near the Paterson Farmers Market—is within minutes of Route 80 and Route 20 as well as the Metro NYC area. This innovative space currently is being retrofitted from the “inside out”.
The retail sector in the United States includes well over three million retail establishments and according to a report conducted by PricewaterhouseCoopers LLP, it is the largest private-sector employer in the U.S., Investment Zones & Distinct Communities. supporting one out of every four jobs. Cape Coral ranks No. Bankrate, 2015).
The industrial park is zoned for heavy industry. Topeka Regional is located in Topeka, KS, which is part of the most geographically-central metro in the country. Foreign Trade Zones that are “user friendly,” site-specific and allocated on an individual company basis. Some of its features include: Five minutes to I-5.
According to Sheffi, logistics clusters are “huge employment engines.”. Qualifying businesses in the corridor can apply for Next Michigan real and personal property tax abatements and tax-free Renaissance Zones. The Corridor offers export assistance and Foreign Trade Zones. Major metros such as Dallas, Kansas City, St.
McAuliffe signed Executive Order 23 establishing “The New Virginia Economy” Workforce Initiative which laid out plans to overhaul Virginia’s economy in four ways: increasing postsecondary education and workforce credentials; securing employment for veterans; aligning education with the needs of businesses; and diversifying the economy.
5 on a list of the nation’s leading high-tech metro areas by a national publication, the Atlantic Cities. A rapidly developing cluster of solar technologies exist in the Albuquerque metro area including Unirac, Emcore, Array Technologies, Sacred Power and Fraunhofer CFV Solar Test Laboratory. Albuquerque: High-Tech Haven.
Through the Enterprise Zones Program business and industry can realize state incentives such as Job Creation Grants and Real Property Investment Grants, while also realizing a number of local tax and other incentives. On a daily basis, 500 freight trains and 37,500 carloads of rail freight leave the Chicago metro region (i.e.,
Baton Rouge, LA has been named our top-ranked metro for Economic Growth Potential. The projects include two sites in Baton Rouge, as well as facilities in Shreveport (our ninth-ranked metro for Economic Growth Potential) and Geismar. By Business Facilities Staff. From the July/August 2013 issue . But Huntsville, our no.
Economic development partners, such as The Workforce Development Board of Oswego County, create opportunities to bring workers and employers together and collaborate with colleges and vocational schools to encourage the development of courses that enhance workers’ skills and meet the needs of employers. percent between 2008 and 2018.
Other notable employers such as The Daily Herald newspaper maintain their corporate headquarters in Arlington Heights, while Nokia Siemens Networks, GE Healthcare and AT&T continue to have a substantial presence in terms of footprint and employment. Existing Foreign Trade Zone and U.S. DECATUR: POISED FOR DEVELOPMENT.
The metropolis of Los Angeles was the top food processing location in BF ’s 2015 Metro Rankings Report, earning the number one ranking in our metro Food Processing Employment Leaders category, edging Greater Toronto’s burgeoning food processing hub and the traditional food processing crossroads of Chicago as king of the foodies.
which is now the city of Greenwood’s second largest employer. There are also 12 new residential subdivisions planned, and the county recently added 350 acres zoned industrial, which can accommodate more than 3 million square feet of new development. Air cargo is a fertile source of employment and economic opportunity in metro Atlanta.
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