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Renewed Expansion for Renewables Industry

Richard K. Greene, Senior Associate, Investment Consulting Associates (Q2 2015)

For companies in the renewables industry, preparing for expansion to capture growth needs to be done with care in order to capture the best deals and position the company in the marketplace. More

The Evolution of Economic Development: 1965 - 2015

Steve Stackhouse-Kaelble (Q2 2015)

Since Area Development’s inaugural issue 50 years ago, the economic development process has changed dramatically. More

Understanding Economic Incentives in Site Selection

Chris Magill, Economic Development Director, Ice Miller (Q2 2015)

Site selectors need to understand a state or community’s incentives philosophy, how the incentives are deployed, and the risks involved. More

11th Annual Consultants Survey: Consultants’ Exhibit Confidence and Increasing Project Activity

Area Development Special Presentation (Q1 2015)

The majority of those responding to the Consultants Survey feel the economy is already on a continuous growth track, which is reflected in the new facility and expansion plans of their clients. More

29th Annual Survey of Corporate Executives: A Realignment of Location Priorities

Area Development Special Presentation (Q1 2015)

The location and expansion plans of our Corporate Survey respondents are not as robust as we had hoped, and their site selection priorities have been realigned, with facilities costs supplanting labor considerations. More

Well-Designed Incentives: Not a Zero-Sum Game

Christopher Steele, Global COO and North American President, Investment Consulting Associates (ICA) and Laurens van der Schoor, Incentives and FDI Analyst, Investment Consulting Associates (ICA) (Q1 2015)

When both a company’s and community’s goals are clear, the desired outcomes are realistic, and the responsibility of all parties expressly laid forth, benefits can be achieved for both the public and private sector. More

The Mystery Impact of Data Centers on Local Economies Revealed

John Lenio, Economist and Managing Director, Economic Incentives Group (EIG), CBRE  (Data Centers 2015)

Although they do not create as many permanent jobs as other types of projects, capital investment in data centers can be quite substantial, justifying large incentives offerings. More

Leading Practices to Consider When Beginning the Location Decision Process

Michele Kitch, Senior Manager, State and Local Tax, KPMG (Directory 2015)

Identifying all stakeholders early on, defining evaluation criteria, staying ahead of the changing environment, and assessing risk lead to obtaining an appropriate site and avoiding costly mishaps. More

Critical Site Selection Factor #7: Lower Corporate Tax Rate Rates = Stronger Economies

Dale D. Buss, Staff Editor,  (Q4 2014)

A state’s corporate tax rate is usually a bedrock indicator of its business-friendliness and a simple but substantial number that has a huge long-haul impact on the financial performance of a new plant or other facility. More

Critical Site Selection Factor #8: State & Local Incentives Figure More Heavily

Dale D. Buss, Staff Editor,  (Q4 2014)

The importance of state and local incentives smashed up through the ranks of site selection factors to #8 in Area Development’s most recent Corporate Survey from #13 a year earlier. And, with big money at stake, states are more careful to make sure they are getting what they pay for. More

Securing Incentives With a Well-Paid Workforce

Robert Foley, Manager, Global Location & Expansion Services, KPMG LLLP (Q4 2014)

As a growing number of states augment their business incentives with Quality Jobs programs, manufacturing, technology and other high value-add companies are well positioned to potentially reap significant and often enhanced tax and non-tax benefits. More

Going Beyond Traditional Metrics in the Site Location Process to Find a Perfect “Fit”

Justin T. Bickle, Project Manager, Corporate Real Estate, DHL Global Business Services (Q4 2014)

A comprehensive location strategy looks beyond the financial and real estate aspects of a community and carefully identifies characteristics that are not found in data sets, culminating in a project agreement that places emphasis on “community fit” and “service after sale” in addition to incentive programming. More

Location Notebook: Tesla’s “Gigafactory” - Reno’s Game Changer

Dennis Cuneo, Managing Partner , Fisher & Phillips (Q3 2014)

With the announcement that Tesla picked Reno for its highly publicized $5 billion “gigafactory,” the area took a giant step toward civic leaders' goal of remaking its economy and image. To win the project, the state offered a rich — and what will be a highly scrutinized — incentive package. Will the bold gamble pay off? More

Front Line: Tesla’s New Battery Plant to Bring Electric Vehicles to the Masses

Geraldine Gambale, Editor, Area Development Magazine (Q3 2014)

A comprehensive incentives package (pending legislative approval), proximity to natural resources and abundant renewable energy potential are significant factors that will improve Tesla’s odds of success in the “get things done state.” More

Advanced Manufacturers Utilize Incentives to Improve Financial Performance

Gregory Burkart, Managing Director and Practice Leader, Site Selection & Business Incentive Advisory Services, Duff & Phelps, LLC (Advanced Industries 2014)

Incentives have moved from the fringes of a project to being a part of the competitiveness equation in bringing manufacturers back to the U.S. More

Canada’s Competitive Corporate Tax Landscape

Howard Silverman, President & CEO, The CAI Global Group (Location Canada 2014)

Canada has witnessed a remarkable transformation in the business tax landscape. Once known for having one of the highest corporate income tax rates in the developed world, Canada now has one of the lowest rates of the Group of Seven (G7) leading industrial economies and is near the middle of the pack of OECD countries. More

First Person: Aerospace Industry Focuses on Technological Growth and Job Retention

Jeff Troan, Director, Lockheed Martin Corporate Treasury (Q2 2014)

Jeff Troan, of Lockheed Martin, talks to staff writer Clare Goldsberry about economic development issues facing the aerospace industry including priorities when making location decisions and the value of incentives. More

Texas Today 2014: A Magnet for Job Growth

Steve Stackhouse-Kaelble (Q2 2014)

Low taxes, smart regulation, and skilled workers - not to mention probusiness incentives — are among the reasons Texas is continuing to build on its huge and diverse economy. More

Why the C-Suite Should Focus on Incentives

Rebecca Truelove, Business Incentives Partner, Ernst & Young and Judith Garner, Senior Manager, Financial Services, Ernst & Young (Q2 2014)

As governments at all levels increase their use of incentives, companies must figure out how to best capitalize on these offerings to increase their competitive advantage. More

How Companies Can Get the Utility Packages They Need

Cory Wendt, Senior Manager, Baker Tilly Virchow Krause, LLP (Q2 2014)

Energy availability is a vital factor in any site selection process. Making an energy decision is more than just cost per kilowatt-hour — a well-designed utility plan should also take into account grid capacity, rate structure, service/distribution, and related utilities, such as wastewater treatment. More