Area Development earlier this month revealed their annual Top States for Doing Business. For the ninth year in a row, Georgia topped the overall rankings while also leading in eight individual categories.
Anduril Industries, a defense technology company that specializes in building advanced technology for U.S. and allied militaries, will invest $60 million in a new manufacturing and research facility in Atlanta, creating more than 180 new jobs in Fulton County over the next three years.
Audiochuck is a media company that focuses on podcasts with plans to add 25 new employees by 2025.
In his latest piece in Accounting Today, Ben Worrell discusses the cast of characters in an economic development project, and how a knowledgeable advisor is required for a winning performance.
Harding Shymanksi is one of Louisville’s largest CPA firms. As a steadily growing firm, space had started to become limited at their existing location. Harding Skymanski was committed to staying in Louisville Central Business District and reached out to McGuire Sponsel to determine if economic incentive where available to support their growth.
Economic credits and incentives provide significant value to high growth clients. However, incentive programs shift and change from time to time based on many factors. As the economy continues to evolve in a post-pandemic environment, it is important to understand how these changes are affecting the value of credits and incentives.
Justin Gephart is joined by Jacob Everett of our Credit and Incentive Services practice to discuss hot topics in economic development across the country.
In his latest piece in Accounting Today, Ben Worrell discusses industry type, the core foundation of the four pillars of economic development (location, timing, investment and jobs) and how it is often the first determiner of whether a project could be eligible for economic credits and incentives.
In Area Development, Jacob Everett, CEcD discusses the need to embrace automation and AI, and how we can reposition our workforce for a successful journey.
Credits & Incentives Consultants Emily Poole and Sierra Enlow take over the podcast to celebrate International Women’s Day.
Area Development earlier this month revealed their annual Top States for Doing Business. The annual list is an industry standard for measuring the overall business environment in the 50 U.S. States as ranked by a panel of surveyed economic development and site selection experts.
The rankings include scoring across individual categories including:
- Overall Cost of Doing Business
- Business Incentive Programs
- Access to Capital
- Competitive Labor Market
- Workforce Development Programs
- Energy Availability and Cost
- Logistics & Infrastructure
- Available Real Estate
- Cooperative & Responsive State Government
- Corporate Tax Structure
- Site-Readiness Programs
- Regulatory Environment
- Speed of Project Permitting
For the ninth year in a row, Georgia topped the overall rankings while also leading in eight individual categories. Tennessee rose to the number two ranking, while Texas fell to fourth. South Carolina, North Carolina, Alabama, Virginia, Ohio, Indiana and Mississippi rounded out the top 10. In a list dominated by the Southeast, Indiana and Ohio continued to fair very well.
At McGuire Sponsel, we help leading organizations make informed, strategic location decisions that will help maximize the profitability and sustainability of their operations. With team members spread across the U.S., including two hot markets in Georgia and Indiana, we bring unique expertise to the site selection process. While Area Development ranks states across thirteen categories, we help clients know which of these location categories are most important to their organization – helping them sort through the noise to identify critical factors at both state and local levels.
Our team of experts combines real estate, economic development, tax and finance expertise to bring a unique strategic solution to clients. We negotiate valuable state, local and non-governmental incentive programs that can bridge gaps and provide competitive advantages for projects.
If you are considering investment, expansion or new facilities in North America, do not hesitate to reach out.
Steve Brunson helps growing businesses across the country throughout the site selection process.
Steve brings insight and value through site identification, comparative analysis, demographic and labor force analyses, tax and non-tax cost comparisons and economic incentives negotiation and procurement.