The most recent Corporate Survey speaks volumes regarding the need for additional highway improvements with “highway accessibility” ranked #1 as a site selection factor with a rating of 94.4 percent. This is up from a rating of 88 percent and the second spot overall in the 2015 survey. Adding miles of new and expanded highways can improve access to available skilled labor (ranked #2 as a site selection factor this year) and connect qualified employees to both existing and yet to be developed commercial and industrial hubs. Infrastructure investments, e.g., converting a two-lane county road to a four- or six-lane highway, can spur future economic development and create potential opportunities for affected communities to redevelop and rebrand themselves as an ideal place to live, work, and play.
* This analysis does not constitute tax, legal, or other advice from Deloitte Tax LLP, which assumes no responsibility with respect to assessing or advising the reader as to tax, legal, or other consequences arising from the reader’s particular situation. Copyright 2017 Deloitte Development LLC. All rights reserved.