Reminding economic-development leaders of their potential role in bolstering the national economy, a leading think tank called Monday for a broad-based shift in practice—less promoting incentive-based corporate relocation in favor of a more diversified, market-based and localized approach.
One of Indiana’s largest commercial bakeries will build a $57 million manufacturing plant in Versailles, KY, which is just west of Lexington, starting this summer. More Than A Bakery, owned by Richmond Baking Co., will hire more than 300 workers at the plant, to be sited on 100 acres in Woodford County.
Public investment in Alaska’s chronically-underfunded ferry system is producing an economic impact at a rate greater than twice its cost, according to a new report.
The San Francisco Bay Area enjoyed a windfall benefit of about $350 million from Super Bowl 50, the biggest sports and branding event in the world, according to projections compiled by the Global Business Travel Association and its research partner, Rockport Analytics.
Massachusetts has consistently landed in the bottom five out of 50 states every year for the last three years in Chief Executive’s Best & Worst States for Business, as ranked by CEOs in those states. “Massachusetts is overtaxed and overregulated,” one CEO responded in 2015. Connecticut is never more than one or two steps above Massachusetts. So what did Boston do differently to win over GE that it hasn’t done before?
The Southwest states are well-positioned for the growth that's taking place among U.S. factories relocating to or expanding in Mexico.
CEOs who need big, fast digital pipes—and, increasingly these days, that could be just about anyone—are looking closely at metro areas that can hook them up with 1-gigabit broadband networks ranging from Chattanooga, Tenn., to Dublin, Ohio, to Detroit. But near the Orlando airport, the 11-square-mile Lake Nona development represents one of the single most concentrated areas of 1-gigabit bandwidth in America, and the rapid development of this sunny economic enclave is ratifying investors’ decisions to “build it and they will come.”
More CEOs and company founders are being lured to “smart” cities that have built fast fiber-optic networks, highly digitally connected municipal-government infrastructures, expectations that they will stay at the forefront in business-supporting technologies—or some combination thereof.
With further automotive wins, the Southeast continues rolling along.
The diversity of the west — geographically, politically, culturally and economically—thwarts most attempts to pigeonhole this complex, nine-state region.