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This is a complete chronological archive of all site selection and economic development coverage posted on the Business Facilities website.

Offshore Drilling Halt Could Slash Jobs

President Obama’s announcement last week indefinitely suspending work at 33 deepwater drilling platforms in the Gulf of Mexico has state officials in the Gulf region making dire forecasts of potential job losses as a result of the shutdown. The president imposed a moratorium on operations at the deepest offshore drilling operations in the wake of BP’s disaster in the Gulf, which has poured an estimated 39 m ...

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Ohio Corporate Moves

Ohio Companies Making a Material Difference in Advanced Energy In recent years, Ohio has made significant commitments to the support of advanced and alternative energy solutions, including the adoption of renewable portfolio standards and a State Job Stimulus program in advanced energy. Ohio Third Frontier also has made major investments, accelerating the success of advanced energy projects and industries i ...

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Illinois BIO Gets OK for Start-up Incentives

The Illinois General Assembly has passed—with overwhelming bipartisan support—an Angel Tax Credit that incentivizes early-stage investment in Illinois technology companies. The governor is expected to sign the bill (SB 2093) or a second measure (SB 3710) with an identical Angel Tax Credit sent over to the Senate yesterday by the House. The legislation, which when enacted will be effective on January 1, 2011 ...

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United We Stand

  A small news item caught our eye the other day, and we hope it is a sign of the times. This is what it said: “Twinsburg, Ohio and Solon, Ohio, have agreed to limit the tax incentives they can offer to lure businesses away from each other, hoping rather that economic development for both communities will improve with regional cooperation.” These two neighbors in the Buckeye State are on to something t ...

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Life Sciences Firm Relocating to Jersey City

Intrasphere Technologies, which provides consulting services to the life sciences industry, plans to relocate its offices to Jersey City, NJ next month, the Star-Ledger reports. The company intends to move 120 existing jobs to offices in the Harborside Plaza 10 building and plans to add another 180 jobs over the next two years. The New Jersey Economic Development Authority awarded the company a grant worth ...

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NY/NJ Expect Big Payday from Big Game

It took four ballots—reducing the needed margin from two-thirds to a simple majority—but an historic joint bid by New York and New Jersey was rewarded yesterday with the selection of New Meadowlands Stadium as the site of Super Bowl XLVIII in 2014. Now, state and local officials are predicting that the first outdoor NFL championship in a cold-weather site in almost 50 years will result in an economic windfa ...

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Ontario Renewable Energy Project to Invest $7 Billion

The Ontario Technology Corridor is aggressively promoting at this week’s WINDPOWER 2010 conference in Dallas its $7-billion commitment to the development of alternative energy in Canada. Earlier this year, the Government of Ontario signed a $7-billion green energy investment agreement with a consortium created by Samsung C&T Corp.’s Trading and Investment Group and the Korea Electric Power Corporation ( ...

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