Tags Economic Development

Economic Development

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


Toyota Chooses Ann Arbor For Third U.S. Research Facility

The research institute will benefit from Toyota’s existing team and University of Michigan’s research talent and facilities, where it can perform extreme-limit testing in a wide variety of environments.

State Focus – Kansas: The Sunflower State Is Blooming and Booming

Known as the Sunflower State, Kansas boasts a highly skilled workforce, outstanding infrastructure, low operating costs and a location in the heart of America.

Granex Opens First U.S. Location In Tampa

Granex ships more than 300 truckloads of granite and marble slab every year across North America and more than 350 containers across the world from the Port of Tampa Bay.

Automotive Industry Focus: Hitting On All Cylinders

The U.S. auto industry recorded its best year ever in 2015, selling 17.5 million cars and light trucks in the U.S., nearly $570 billion in revenue and a 5.7 percent increase over last year.

South Korean Auto Supplier Investing $19M In Alabama Expansion

Mando’s latest expansion will push its investment in Alabama to $220 million.

Savannah Notches Record Cargo Volume

Georgia’s largest port moved nearly 4 million containers in 2015, an increase of 11.7 percent over the previous year.

Heroic Efforts In California

Under California’s Renovate America program, the state partners with locations to finance new energy-efficiency projects, creating new jobs in the golden state.

Advanced Manufacturing Driving Pittsburgh’s Economic Growth

Capital investment in southwestern Pennsylvania totaled $2.9 billion in 2015, marking the ninth consecutive year capital investment in the region exceeded $1 billion, according to the Pittsburgh Regional Alliance’s (PRA) ninth annual Business Investment Scorecard.

Axiall, Lotte Invest $3 Billion in Louisiana Chemical Plants

A joint venture will build a new $1.9-billion ethane cracker and a $1.1-billion glycol plant on a Lake Charles site in Calcasieu Parish.

Knight Transportation Creating 87 Jobs In Michigan

The Right Place, Inc., along with local and state partners in the City of Grand Rapids, approved a Michigan Strategic Fund (MSF) incentive for the Knight Transportation project.

IEDA Funding, Tax Breaks Spur Job Creation in Iowa

Financial assistance and incentives are approved for four companies that will invest $254 million and create 241 new jobs.

Galderma Expanding Texas HQ

Galderma’s expansion will include the addition of a 100,000-square-foot facility, a $22 million capital investment and the creation of 342 new jobs.

Honda Investing $52M To Expand Production In Indiana

Honda Manufacturing of Indiana, LLC will invest $52 million in its Greensburg, IN facility to enhance job training and add production of the Honda CR-V.

Food Processing: Generating Growth for Good Eats

The recent consolidation of food industry giants via mega-mergers is not slowing the exponential growth of major food processing hubs.

PayPal Creating 400 Jobs In North Carolina

San Jose, CA-based PayPal, Inc. will invest over $3.6 million in a 400-job global operations center in Charlotte, NC by the end of 2017.

World Water Day

The first White House Water Summit aims to mobilize a national effort to conserve and expand our water resources.

Chobani Expanding World’s Largest Yogurt Manufacturing Plant

The company will invest nearly $100 million to expand its Twin Falls, ID yogurt manufacturing operation.

Photonics Companies Investing $1.6B In Rochester, Creating More Than 1,400 Jobs

Photonics company Avogy will move its headquarters from Silicon Valley to Rochester; Together with Photonica, will locate advanced development and early manufacturing at Eastman Business Park.

ConAgra Foods Lamb Weston To Expand In Oregon

The $30 million investment will add additional processing capacity for making formed products such as hash brown patties and potato puffs.

ADP Investing $32.25M In Virginia Customer Service Center

ADP chose to locate the new facility in Norfolk because of the thriving business climate in the city and Virginia.

House Bill 1223 Helps Bring Skybox Data Center To Plano, Texas

Legacy One will be one of the only data centers in Texas that qualifies for House Bill 1223, which can provide industry-leading data center sales and use tax abatements for large data center users across their servers, power, infrastructure and operations.

Florida: A Million Miles For A Million Jobs In The Sunshine State

On a statewide bus tour, Gov. Rick Scott hails Florida’s success creating new jobs, calling for $1 billion in tax cuts and the creation of a $250-million Florida Enterprise Fund.

Premier Corporate Site Selection Event Happens Next Month

Join us April 17-19 at the Hyatt Regency Pier Sixty-Six in Fort Lauderdale, FL for Business Facilities LiveXchange, the premier site selection event for corporate site selectors and consultants.

McKesson Expanding In Dallas, Creating 975 Jobs

A Texas Enterprise Fund (TEF) grant of $9.75 million has been offered to the San Francisco-based healthcare services and IT company.

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Featured Location Spotlight

Hoosier Energy: Location Spotlight Of The Week

The Hoosier Energy Power Network’s Economic Development team is dedicated to providing valuable site selection information and assistance to companies considering a relocation or expansion in Indiana or Illinois.

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.