A state’s tax climate is a critical component in the site selection process. Below is the Tax Foundation’s State Business Tax Climate Index, which scores and ranks all states based on each major component of a state’s overall tax burden – corporate, individual income, sales, property, and unemployment insurance taxes. While each component is separately…
While criteria for location decisions are unique to a specific project’s needs, the “bedrock” factors tend to be on everyone’s lists. Talent attraction & retention, labor costs, efficiency in shipping goods/products, business environment, infrastructure, real estate costs and availability and economic incentives are the cornerstones of these corporate decisions. While no one state will score…
As CEOs bring workers back to the office, they’re hoping to see in-person interactions that boost collaboration and innovation — but those magic moments don’t always happen. Is it because some employees hired during the pandemic have never experienced office life? Are workers still filling their days with video calls? Or is the office layout…
Looking back at all that has transpired in 2022 gives us a great picture of what 2023 & 2024 will look like for manufacturing site selection. Location criteria are unique to each individual project, but there are standard site selection drivers that typically influence most manufacturing location decisions. Talent availability & costs Shipping & receiving…
Those associated with the industrial real estate industry will attest that the post-COVID-19 industrial real estate boom has been unlike anything they have ever experienced in their career, despite how long they have been in the industry. Over the course of the last 24 months, developers have constructed buildings at a record clip, vacancy has…
The recent pandemic created a massive shift in population across the U.S. People migrated from major cities like New York City, Los Angeles, Chicago, and the Bay Area to lower-cost cities such as Dallas, Phoenix, Atlanta, and Austin. There is a flight from the densely populated mega-cities as people seek a better quality of life.…
We are hearing from many clients that they are having huge challenges in hiring and retaining DC talent. The data confirms this. Most of the cities below are no surprise, but a few of the lower % growth areas in the table immediately below could represent competitive opportunities for savvy DC operators! Distribution workforce…
This shortage will affect quality of life, result in higher prices for consumers, and diminish the speed and quality of services. In many ways, the labor shortage and supply chain issues we are experiencing now are a foretaste of what’s to come. Gone will be the days of businesses trying to find the best talent…
US Credits & Incentives ALABAMA With a robust aviation and aerospace industry, Alabama legislators are now seeking to extend a key tax exemption that is otherwise set for expiration. As introduced, HB 20 would extend the state’s preexisting gross receipts tax exemption on the sale of parts, components, and systems that become a part…