Apprenticeships are powerful economic development tools, with long-term commitment and collaboration among key players including chambers of commerce, economic development groups, business and industry leaders, public schools and community colleges.
While the finding the right location for a new project is always a complex task, locating in an Opportunity Zone presents further challenges for both the company and the community in which it is investing.
In order to maximize your ROI, start the incentives process early, think holistically, target those incentives that have the greatest effect on NPV, and make sure you understand all the players involved.
Area Development’s staff writer, Mark Crawford, recently spoke to Amanda Hutchings, president of
Peak Manufacturing in Pleasant Lake, Mich., about addressing the looming shortage of workers in manufacturing by hiring women, who are underrepresented in this field, and educating the youngest generation about the rewarding careers that await them in manufacturing.