Location Focus Articles
Incentives and initiatives in a supportive business climate—along with an obvious geographic advantage—will prove once again that Mississippi is a business force to be reckoned with. In his state of the state address, Mississippi Gov. Haley Barbour said “2010 is the year we will help lead America out of this global recession; the year when we pick up where we left off before this recession sidetracked our growing economy and rising incomes.” He then backed the statement up by helping to create and renew incentives and initiatives that would do just that. In October, the Mississippi Development Authority (MDA), the state’s lead economic and community development agency, held events around the state for local economic developers during a nine-city rollout of the new PriorityOne program. An effort of MDA’s Existing Industry and Business (EIB) Division, PriorityOne is a key component of the agency’s business retention and expansion program. Goals of PriorityOne include assisting businesses in solving immediate and long-term problems, promoting economic development and job creation and strengthening and diversifying the local economy. To achieve these goals, MDA staff and local economic developers interview businesses throughout the state to assess their particular needs and concerns, using the PriorityOne survey questions as a guide. All survey results are entered into a database. MDA then analyzes and reports the results, in the aggregate, to each community. With this information, local developers and state officials can provide relevant assistance to community businesses. The information PriorityOne provides to local officials will assist them as they define their communities’ priorities and determine how best to allocate their resources. At the state level, this program will enable MDA to develop policy and implement programs that will be most effective in assisting the state’s existing businesses. “The PriorityOne program . . . will be beneficial for businesses around the state, particularly during a time when economic development efforts and job creation are critical to maintaining a healthy economy,” said Chandler Russ, EIB Division director during the roll-out. Gov. Barbour also created a partnership with Louisiana Gov. Bobby Jindal to launch The Aerospace Alliance, a 501(c)(6) private/public organization that will establish the Gulf Coast and surrounding region as a world-class aerospace, space and aviation corridor. “This alliance will go far in promoting our region for what it is—one of the largest aerospace corridors in the world and a great place for companies in this sector to do business,” says Gov. Barbour. “The Gulf Coast states share geographic proximity, a long tradition of aerospace and aviation activities and a […]
Governor David Paterson’s Excelsior Jobs Program is just one of several new initiatives the state is taking on to increase job growth and attract new business. New York State offers unparalleled resources including a diverse economy, a highly skilled and talented workforce, and outstanding academic and research centers. Innovative industries and technologies make New York a great place to do business. To further enhance the state’s business status, Gov. David Paterson in January kicked off a statewide workforce development initiative by directing Empire State Development (ESD) Chairman and CEO Dennis M. Mullen and Department of Labor (DOL) Commissioner M. Patricia Smith to work with businesses across New York on how they can take advantage of New York’s business development programs. “Providing New York’s businesses with the necessary tools and assistance they need to develop our state’s workforce is critical during these difficult economic times,” says Gov. Paterson. “By directing Chairman Mullen and Commissioner Smith to make sure businesses are aware of New York’s valuable services, our communities can work to develop the economy, get businesses hiring again and put people back to work.” The four-city, two-day tour kicked-off in Saratoga and made stops in Syracuse, Binghamton and Rochester. The tour promoted tax incentives, free recruitment and human resources expertise, and innovative marketing services that could save New York State businesses thousands of dollars every year. “Over the course of the past nine months, we have worked hard to create a cross-cutting strategy for New York State that reflects a thoughtful, multi-market approach to economic development,” says Mullen. “After hearing from business executives, university leadership and representatives of regional economic development organizations across the state, our senior team worked together to develop three powerful economic development initiatives. Governor Paterson announced the proposed programs in his Executive Budget. The Excelsior Jobs Program, the Small Business Revolving Loan Fund, and the New Technology Seed Fund are specifically targeted towards our economic development goals; if enacted these programs will have a transformational impact on job growth in New York State. They are strategically targeted, fiscally responsible and results driven. When combined with our existing grants and loans programs, these initiatives will put us in a solid competitive position to realize meaningful, long-term growth and renewed prosperity in New York State.” According to ESD, the Excelsior Jobs Program is the centerpiece of the most innovative job creation agenda in the history of New York. The program proposes three aggressive incentives for companies in targeted growth industries, which create and maintain at least 50 new jobs […]
Governor Charlie Crist focuses on Florida’s unique strengths by creating special incentives for the space industry, biotechnology and other innovation growth sectors. As part of his ongoing focus on growing Florida’s economy through job retention and creation, workforce training and economic development, Governor Charlie Crist highlighted his proposed economic budget strategies at the “Florida’s Future Summit” in February. The summit emphasized the importance of increasing South Florida’s focus on economic drivers such as workforce, innovation, infrastructure, global competitiveness, quality of life, and streamlined civic and government systems. “My focus continues to be on strengthening Florida’s economy and creating jobs for the people of our state,” says Gov. Crist. “The talent of our workforce is the formula to Florida’s economic success, and I am committed to building a workforce ready to step into the innovation, knowledge-based economy of the 21st century.” During his remarks, Gov. Crist highlighted his commitment to growing the state’s innovation economy, ensuring a competitive business climate, building a world-class workforce, and establishing Florida as a pre-eminent global trade hub. He also reiterated his economic budget priorities, which include $307.5-million for targeted economic development initiatives and incentives to help increase Florida’s competitiveness in key business sectors, including digital media and information technology, aviation and aerospace, defense, biotechnology, tourism, sports, and film and entertainment through the Governor’s Office of Tourism, Trade and Economic Development (OTTED). “Collaboration among Florida’s talent supply chain, which includes educators and business leaders like the Florida Chamber of Commerce, is crucial for the prosperity of tomorrow’s knowledge-based economy,” says Gov. Crist. “While we focus on attracting innovative companies to our state, we must also continue to prioritize local business needs like tax relief and the development of our workforce.” Recently, Gov. Crist also proposed additional strategies for growing jobs, businesses and economic opportunities through $100 million in tax relief to families and businesses. Gov. Crist recommended a $9.7-billion investment in economic development, which includes infrastructure, workforce development and incentives for small businesses. The Florida governor also recommended continued investments to assist individuals, businesses and communities as the state’s economy recovers. “The successes we are seeing in Florida’s biotechnology business hub show us that we must continue our efforts to attract and retain companies in Florida’s innovation sectors,” Gov. Crist says. “Florida’s business friendliness, talented workforce, beautiful environment and pleasant climate make the Sunshine State an excellent location for companies seeking to grow economic opportunities.” Highlights of the governor’s planned incentives needed to build Florida’s innovation economy include the following: • Space Florida, $32.6 million—In response […]
The Land of Lincoln boasts a $590-billion economy, the fifth-largest in the nation, and a talented workforce that numbers more than six million.
The Golden State has a proven ability to adapt. The difference is that California tends to change before its background, causing the state to stand out and lead rather than follow unnoticed.
The Lone Star State is committed to doing whatever it takes to keep Texas wide open for investment and development.
From the rolling hills of Southern Illinois, to the hustle and bustle of Chicago’s Loop, the Land of Lincoln is a diverse state that offers businesses a wide array of options for locating or expanding.
If you are looking for skilled labor, shovel-ready sites, and robust ports, these two southeastern powerhouses have it all.
The Empire State still has “the economy that never sleeps”, a powerful global hub of commerce, finance, culture and entertainment.
The Land of Lincoln is now the fifth-largest exporting state in the U.S., shipping more than $48.73 billion worth of goods.