The above- and below-the-line impact of taxes can sway a location decision among otherwise comparable sites.
Employing a standardized process when negotiating for incentives will optimize the results and allow a company to compare various offers on a consistent basis.
With many moving pieces and partners, a company needs a well-structured team and implementation plan in order to capture all of the incentives to which it is entitled.
Food processing, packaging, and delivery are all being disrupted by changes in technology, consumer preferences, and government regulations.
Embracing “disruption” requires a shift in mindset, but those companies that welcome change can dramatically improve project outcomes.
Record-breaking R&D investment in the life sciences industry is spurring real estate innovation too.
How can site selectors survive and also find fresh opportunities in a world where not only tariffs, but also national boundaries and trade barriers, will become more meaningful than they have been in the recent past?
While there are many key factors to consider when selecting a location, the three “must haves” for entrepreneurial, high-growth companies are an existing entrepreneurial ecosystem, an affordable cost of doing business, and the “cool factor.”
A focus on workforce has placed metros in the South and South Atlantic regions among this year’s leading locations, although past metro leaders still make an appearance.
Companies can use available data to find the locations that best fit their needs, especially the requirement for a workforce with STEM skills.
Growth has been concentrated in the Southern and Western regions of the U.S., although rising costs are becoming a concern.
Metro areas that are hotbeds of technology lead the pack, joined by others showing manufacturing prowess, which has a large economic ripple effect.
Companies in diverse industries are attracted to Florida’s low taxes and extensive international ties.
Low business costs are drawing businesses to Kentucky, as the state also tries to equalize opportunity in its rural areas through Opportunity Zone incentives.
Businesses in Mississippi benefit from customized training programs and enhanced incentives, as well as the state’s investments in infrastructure.
South Carolina’s business-friendly environment is drawing new businesses that can take advantage of its longstanding workforce training program to fulfill their needs.
The new trade deal with Canada and Mexico and the potential deal with China were welcome news at year’s end despite the fact that their full effects are yet to be known.
Companies must take the time to identify potential new hires, build a relationship, and follow up with training and support in order to build today’s — and tomorrow’s — workforce.
Acronis, a Singapore-based global leader in cyber protection, recently opened its operations center — featuring a cutting-edge R&D office as well as its largest and fastest-growing data center — in Tempe, Arizona. Area Development asked Acronis’ CEO Serguei Beloussov about the latest issues in cyber protection and why the company chose Tempe for its facility.
By utilizing microfactories, manufacturers can respond quickly to changes in product design and demand.
Properly approaching the Request for Information process will result in receiving the submission of quality sites that will meet your company’s goals.
Those planning a data center facility must consider not only geographic and security risks, but also the threat presented by acoustics from fire suppression and other systems.
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