BusinessClimate.com - Economic Development Blog

RSS

Airports and Site Selection: Why Hub Cities May Have An Edge

We can’t say for sure if the skies are any friendlier, but without a doubt they are less crowded than they used to be, if not with travelers than with aircraft. The decline in domestic flight volume on U.S. airlines raises some interesting questions in the role of airports and site selection for corporate headquarters… Read more:

Apr 3
Firm Foundations: Cities With the Strongest Economies
Where are the strongest economies in the United States? The answers may — or may not — surprise you. According to economic strength rankings released Monday by Policom, the most financially stable metro in the union happens to be none other than the nation’s capital. Find out which other cities made the list… Read more:

Firm Foundations: Cities With the Strongest Economies

Where are the strongest economies in the United States? The answers may — or may not — surprise you. According to economic strength rankings released Monday by Policom, the most financially stable metro in the union happens to be none other than the nation’s capital. Find out which other cities made the list… Read more:

Downtown Draw: Urban Revitalization Efforts Target Young Professionals

They are often called “the young and the restless.” They are the most mobile group of Americans, picking up stakes and moving more frequently than most. And they are the most coveted talent to attract, especially for cities trying to revitalize their cores and pump investment and vitality back into their downtown districts.

College-educated graduates between the ages of 25 and 34 represent the most desired demographic for companies looking to relocate or expand in a particular city. Cities are starting to take notice and are amping up their efforts to compete for this independent-minded crop of young professionals. Read more:


Innovation Culture: California Still King of the Next Big Thing
We take this time out from pointing out California’s challenges to pointing out a list on which  the Golden State is a clear leader. Forbes.com’s list of America’s Most Promising Companies underscores California’s innovation culture, especially in technology.
Of the 100 firms that made the second annual America’s Most Promising Companies ranking, 34 are from California. That’s more than double the next-highest state, New York. Read more:

Innovation Culture: California Still King of the Next Big Thing

We take this time out from pointing out California’s challenges to pointing out a list on which  the Golden State is a clear leader. Forbes.com’s list of America’s Most Promising Companies underscores California’s innovation culture, especially in technology.

Of the 100 firms that made the second annual America’s Most Promising Companies ranking, 34 are from California. That’s more than double the next-highest state, New York. Read more:

A Novel Idea: Why Entrepreneurship Could Thrive in Libraries

Libraries and startup firms — what do they have in common? Not much it might seem at first mention. But these two entities actually do share some significant characteristics. Both are places of revolutionary ideas, intensive research and lifelong learning. On a more tangible level, libraries possess many of the tools today’s entrepreneurs need… Read more:

Manufacturing Revival: New Energy in ‘Unfashionable’ Places

In the 1982 best-seller Megatrends, author John Naisbitt presaged the rise of the Information Age, a transformational shift in the United States from a place where we made things to a place where information was currency, erasing national borders and fashioning a truly global economy where things could be made and sold anywhere.

A popular notion, beginning in the early 1980s and continuing for the next couple decades, was that the  U.S. didn’t need to be as concerned about the steady erosion of its manufacturing sector because it held a dominating advantage in technology and innovation. Whatever it needed could be made cheaper someplace else.

A Manufacturing Revival: ‘Epicenters of Economic Dynamism’

Now, of course, we’re at the early embarkation of another trend (Minitrends doesn’t have the same  bestseller title sizzle, does it?) A manufacturing revival is under way. Read more:

Job Creation: Austrian Steel Manufacturer Picks Texas Site
A major steel project in Coastal Texas, a massive energy project in Kansas and upgrades to two Indiana seed production plants top the week’s job creation and site selection announcements.
In Texas, Voestalpine, Austria’s largest steel maker, has selected a site at the Port Corpus Christi La Quinta Trade gateway over 17 others for a $700 million project… Read more:

Job Creation: Austrian Steel Manufacturer Picks Texas Site

A major steel project in Coastal Texas, a massive energy project in Kansas and upgrades to two Indiana seed production plants top the week’s job creation and site selection announcements.

In Texas, Voestalpine, Austria’s largest steel maker, has selected a site at the Port Corpus Christi La Quinta Trade gateway over 17 others for a $700 million project… Read more:

Reshoring Rhetoric: Industry Leaders Explore the Benefits, Challenges

What is the future of reshoring in the United States? What impact is it having thus far — and what will it take for more manufacturers to bring production and jobs back from overseas?

These are just a few of the questions economic development experts will be exploring when they meet in downtown Cleveland over the next few days for the first annual Reshoring SummitRead more:

Site Selection: Texas and a Northern Revival
It was not much of a surprise to see Texas top Site Selection’s 2012 Governor’s Cup list and regain the bragging rights as the state with the most new facilities projects, a recognition it lost to Ohio the previous year.
All told, the Lone Star State recorded an eye-popping 761 facilities projects in 2012 – an average of nearly 15 a week…. But beyond Texas, the rest of the list is not quite as Southwest-flavored and Sun Belt-colored as it has been in years past. Read the full article…

Site Selection: Texas and a Northern Revival

It was not much of a surprise to see Texas top Site Selection’s 2012 Governor’s Cup list and regain the bragging rights as the state with the most new facilities projects, a recognition it lost to Ohio the previous year.

All told, the Lone Star State recorded an eye-popping 761 facilities projects in 2012 – an average of nearly 15 a week…. But beyond Texas, the rest of the list is not quite as Southwest-flavored and Sun Belt-colored as it has been in years past. Read the full article…

Mar 8
Job Creation: USAA, MetLife Add Hundreds of Workers
Hundreds of new jobs at two insurance and financial services providers and Florida being tabbed for two of a defense company’s centers of excellence top the week’s site location and job creation news… Read more:

Job Creation: USAA, MetLife Add Hundreds of Workers

Hundreds of new jobs at two insurance and financial services providers and Florida being tabbed for two of a defense company’s centers of excellence top the week’s site location and job creation news… Read more:

Mar 6
Land of Opportunity: Where Business-Rich Regions Are Growing
Forget red and blue states, the Rust Belt, the Sun Belt and other boundary buzz words used to categorize and define regions across the country. As today’s economy evolves post-recession, it’s creating borders of its own — and these lines don’t necessarily fall into the traditional parameters of the past.
Want a glimpse of where prosperity lies on the economic horizon? Look at job growth, and a picture of four growth corridors starts to materialize… Read more:

Land of Opportunity: Where Business-Rich Regions Are Growing

Forget red and blue states, the Rust Belt, the Sun Belt and other boundary buzz words used to categorize and define regions across the country. As today’s economy evolves post-recession, it’s creating borders of its own — and these lines don’t necessarily fall into the traditional parameters of the past.

Want a glimpse of where prosperity lies on the economic horizon? Look at job growth, and a picture of four growth corridors starts to materialize… Read more:

GrowFL helps firms expand through research, advice - Orlando Business Journal

See on Scoop.it - Economic Development and Industry News

The Florida Economic Gardening Institute at the University of Central Florida —…

BusinessClimate.com's insight:

Sounds like a great program!


See on bizjournals.com
Mar 4
The American Dream: Where Quality of Place Meets Site Selection
Are you living the American Dream? More importantly, do the people in your community think they are? The answer to that question could have an impact on how competitive your community is in attracting new investment.
An interesting new comparative index attempts to quantify which states have created more of the favorable conditions that allow their residents to live the American Dream. And for companies concerned about talent recruitment, retention and productivity, the index offers some insights… Read more

The American Dream: Where Quality of Place Meets Site Selection

Are you living the American Dream? More importantly, do the people in your community think they are? The answer to that question could have an impact on how competitive your community is in attracting new investment.

An interesting new comparative index attempts to quantify which states have created more of the favorable conditions that allow their residents to live the American Dream. And for companies concerned about talent recruitment, retention and productivity, the index offers some insights… Read more

Reshoring Wave Hits a Peak As More Production Shifts to U.S.
It may have started as a trickle, but the wave of reshoring is picking up momentum as more U.S. manufacturers make the decision bring some or all of their overseas operations back home.
We’ve been tracking this trend at BusinessClimate.com since it first started gaining traction more than a year ago. Just a handful of companies were doing it at the time, including GE in Louisville and Caterpillar in Victoria, Texas, which were the first major corporations to move manufacturing back to U.S. from Asia. Since then, many others have followed suit, especially as labor, fuel and transportation costs continue to mount in lower-wage countries, while real estate and construction costs in the U.S. continue to fall.
Reshoring hit an all-time peak last week with announcements from two more major corporations. Read more…

Reshoring Wave Hits a Peak As More Production Shifts to U.S.

It may have started as a trickle, but the wave of reshoring is picking up momentum as more U.S. manufacturers make the decision bring some or all of their overseas operations back home.

We’ve been tracking this trend at BusinessClimate.com since it first started gaining traction more than a year ago. Just a handful of companies were doing it at the time, including GE in Louisville and Caterpillar in Victoria, Texas, which were the first major corporations to move manufacturing back to U.S. from Asia. Since then, many others have followed suit, especially as labor, fuel and transportation costs continue to mount in lower-wage countries, while real estate and construction costs in the U.S. continue to fall.

Reshoring hit an all-time peak last week with announcements from two more major corporations. Read more…

Foreign-Born Population Growth Hotspots: Where and Why
Whether it’s places on the map shaded red or blue, foreign-born workers are headed to greener pastures - the places in the United States that are adding jobs. Read more…

Foreign-Born Population Growth Hotspots: Where and Why

Whether it’s places on the map shaded red or blue, foreign-born workers are headed to greener pastures - the places in the United States that are adding jobs. Read more…