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

Ports and FTZs: Gateway to Fair Trade

A variety of incentives enable U.S.-based companies to compete in a global marketplace. Current economic conditions have moved the government to increase capitalization of trade benefits created in 1934. A “Port of Entry” is where Customs and Border Protection (CBP) officers or employees are assigned to accept entries of merchandise, clear passengers, collect duties and enforce the various provisions of CBP ...

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Projecting A Green Energy Future

A special report from the Renewable Energy World Conference & Expo North America, in Austin, TX. The Renewable Energy World Conference & Expo North America, held earlier this year in Austin, TX, brought together top players and industry experts from the exploding green-energy sector. The conference was a great place to take the pulse of this dynamic emerging industry as the transition to alternative ...

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Angels of Wall Street

Nearly 20 months after the fiscal collapse they engineered almost destroyed the global economy, the movers-and-shakers on Wall Street have had an epiphany. At a press conference held this morning at a soup kitchen in Manhattan’s downtrodden Bowery, a dozen of the most powerful investment titans announced that billions of dollars in bonuses they have siphoned from federal bailout funds will be donated to a n ...

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Cape Wind Inks Deal With Siemens Energy

Although it still is awaiting a federal permit to build a controversial offshore wind farm in Nantucket Sound, Boston-based Cape Wind has signed an agreement to buy 130 wind turbines for the project from Siemens Energy Inc. Siemens concurrently announced it will open an office in Boston for U.S. offshore wind projects. Asked why Cape Wind made the agreement now, before the federal government’s permitting de ...

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Renewable Recovery

From the Desk of the Editor in Chief The people who make those giant cardboard sunglasses that shield car windshields from the baking summer sun are going to have to find a new line of work soon. The folks in Tucson, AZ have a better idea—they’re covering outdoor parking facilities with solar panels. Futuristic solar arrays are transforming the Arizona landscape and giving Tucson bragging rights as “The Sol ...

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Rebuilding Haiti to Cost $3.9 Billion

The Haitian government this week presented to international donors at a special United Nations conference in New York a $3.9-billion plan to rebuild the country, which was devastated by a Jan. 12 earthquake that killed more than 300,000 people. The plan calls for shifting economic development away from the Haitian capital of Port au Prince to a series of new economic development zones linked to new roads, a ...

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Tampa, Atlanta Least-Expensive for Business

Very competitive labor costs along with moderately-low office/industrial leasing and sales tax costs help make Tampa the least-costly place to do business among 22 U.S. cities/locations with populations exceeding 2 million, according to a study by KPMG LLP, the audit, tax and advisory firm. Atlanta was the second most cost-competitive location in the large-cities category, followed by Miami and Baltimore, r ...

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Utah Wants to Grab Federal Land

Utah Gov. Gary Herbert has authorized the use of eminent domain to take some of the U.S. government-owned land in the state and turn it over to economic developers. Federal-owned land accounts for more than 60 percent of the acreage in Utah. Herbert has signed a pair of bills into law intended to level the playing filed for economic development on energy-rich parcels that currently are owned by the federal ...

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NY OKs $279M for Small-Scale Energy Projects

New York State’s Public Service Commission has approved a $279-million funding package for small-scale renewable energy projects over the next five years. The plan approved yesterday will help thousands of homeowners and businesses to install solar panels, fuel cells, wind turbines and other renewable energy devices, the Commission said. The $279 million funding package will come from the state’s Renewable ...

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EnerDel Plans Lithium Battery Plant in Indiana

Lithium battery-maker EnerDel is planning a new manufacturing plant at the Mount Comfort Business Park in Hancock County, IN. The company says it expects to employ 1,100 people at the facility over the next five years. The company expects to invest $277 million in the plant. EnerDel also is seeking a $480 million federal loan from the Department of Energy to underwrite its expansion. EnerDel will receive st ...

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