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Economic Development

Resources to help economic development and site selection professionals connect with new places and locations. The archive for Economic Development articles.


UrbanTech NYC Will Support Building Smart And Sustainable Cities

The New York City Economic Development Corporation (NYCEDC) has launched UrbanTech NYC, a comprehensive program to help entrepreneurs and innovators address New York City’s most pressing urban challenges in sectors such as energy, waste, transportation, agriculture and water.

September/October 2015 Issue (Volume 48, Number 5)

Innovation hubs and logistics are the focus of Business Facilities September/October issue, plus reports on Indiana, New Jersey, Texas, North Carolina, California.

Pennsylvania Awards Early-Stage Tech Businesses Nearly $18M

The Keystone Innovation Zone Tax Credit supports entrepreneurship in and around Pennsylvania's colleges and universities.

NJ Angel Investor Tax Credit Program Injects $125M In Tech Companies

Technology and biotechnology companies around New Jersey invested more than $51 million in 2015.

Aerospace And Defense Jobs Expected To Grow

After several years of job losses, aerospace and defense sector employment is expected to grow in 2016 by more than 39,000 jobs in the U.S., according to Deloitte's new ”U.S. Aerospace & Defense Labor Market Study.”

TwelveStone Creating 200 Jobs At New Tennessee HQ

TwelveStone Health Partners will invest $14.9 million to build a new corporate headquarters, expanding its Murfreesboro, TN operations and creating 200 new jobs.

Emser Tile To Invest $16.25M In Virginia

Emser Tile will invest $16.25 million to establish a new East Coast distribution center in CenterPoint Intermodal Center in the City of Suffolk, VA.

NBCUniversal Telemundo Building Global HQ In Miami

NBCUniversal Telemundo Enterprises is set to break ground on its new 450,000-square-foot global headquarters on approximately 21 acres in Florida’s Miami-Dade County.

Jack Daniel’s To Undergo $140M Expansion

The $140 million investment will be used to build two new barrelhouses and expand the existing bottling facility at the company's Lynchburg, TN facility.

TopShip Investing $68M In Mississippi Shipbuilding Operation

Edison Chouest Offshore will receive more than $36M in incentives, including grants, workforce training, and infrastructure improvement assistance to establish its TopShip facility.

RV Manufacturer Doubling Production in Indiana

Highland Ridge RV, a manufacturer of towable RVs, will expand its operations in LaGrange County, IN, creating up to 65 new jobs by 2019.

Top 10: Metros Exceed Job Growth Expectations

While the U.S. economy has enjoyed steady job growth in recent years, some cities are capturing a larger share of total job creation than others, thanks in large part to factors unique to their local economies.

Cinesite Opens Major Animation Studio in Montréal, Canada

Downtown Montréal, Québec is the home of Cinesite's new 54,000-square-foot, state-of-the-art animation studio, which will create 500 jobs by 2020.

Walking the Walk: Innovation Summit

In Greater San Marcos, TX, higher education resources and entrepreneurs join forces to bring innovations to market at the third annual Innovation Summit.

Grid Stars: States Race To Embrace Smart-grid Technology

Nine states and Washington D.C. lead the pack in electricity grid modernization. Navagant Research forecasts that the global Smart Grid as a Service (SGaaS) market, estimated at $1.7 billion in 2014, will grow to $11 billion in 2023.

Sustainable Corrugated Investing $15M In Georgia

The paper manufacturer will create 62 jobs at its new manufacturing facility in Dalton-Whitfield County, GA.

Rapid Growth Leads 2U To New Maryland HQ

2U Inc., a technology-enabled education company, is moving its headquarters from Prince George's County to Lanham, MD to accommodate its growing workforce. The company expects to create more than 900 jobs in the county in the next five years.

California, Illinois, Texas Lead The Charge Toward A Modernized Power Grid

For the third year in a row, California is the highest-ranked state when it comes to moving toward a modernized electric grid, according to the 3rd Annual Grid Modernization Index (GMI).

Indiana Electrical Grid Management Firm Adding 80+ Jobs

MISO Inc., an independent regional electric transmission organization, is expanding its headquarters in Carmel, IN, creating up to 84 new high-wage jobs by 2020.

Super Bowl 50 To Generate Over $220M For San Francisco Bay Area

Super Bowl direct spending will reach a new high-water mark this year as the game returns to the Golden State after more than a decade, predicts PwC US.

1,000th Michigan Business Lands Energy Incentives

A Chinese auto parts maker joins Michigan businesses that have received over $7.5 million in Consumers Energy's new construction incentives.

Valmiera Glass To Invest $90M In Georgia

The Latvian-based fiberglass manufacturer will expand its operation in Dublin, GA, creating 425 jobs and generating $90 million in investment through 2022.

AvePoint Expanding In Richmond And Arlington County, Virginia

AvePoint, Inc., a leader in enabling enterprise collaboration across platforms and devices, will invest $1.5 million to establish an operation in the City of Richmond, VA, creating 100 new jobs, and expand in Arlington County, creating 55 new jobs.

Olympus Will Build National Service Center in Bartlett, TN

Olympus will construct a new East Coast national service and distribution center in Shelby County, TN’s Bartlett Corporate Park.

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Featured Location Spotlight

Cape Coral Economic Development Office: Location Spotlight Of The Week

As the 10th largest city in Florida and the largest city in Southwest Florida, Cape Coral is an ideal location for relocating businesses due to its large, talented and available workforce.

Featured Location Videos

BF Location Video: Zibo, A City of Charm, Suitable for Both Residence and Business

Zibo is listed as one of China's Top 50 Cities in Competitive Strength year after year since 1992. In 2015, Zibo ranked 40th in China's Top 100 Cities of Comprehensive Strength and 35th in Forbes' Best Commercial City in Mainland China.

Surveys & Research

Top 10 Tech Trends For 2017

Top 10 Tech Trends For 2017 The technology sector is still the United States’ leading industry for real estate expansion and employment growth, according to JLL.

Corporate Expansion Projections Highest Since Early 2015

Buoyed by higher profit growth expectations, business executives are predicting an increase in corporate expansion for the coming year, according to the third quarter AICPA Economic Outlook Survey.

New Jobs To Drive Migration To Middle America

Strong job growth on the coasts has been drawing people away from Middle America, but experts predict the trend will reverse.