While programs change and vary significantly from state to state, key determinate factors always include industry sector, level of incremental headcount capital investment, and estimated wages. Interestingly, states that offer more robust incentive packages usually have higher tax rates. Therefore, for better perspective, we’ve included each state’s Tax Competitiveness rate in parentheses below (lower is…
Interesting stat from YE 2024. We are still underwater in available workers to open jobs. Talent wars will remain hot in 2025. Talent centered site selection strategy will be a big key to success for corporations relocating or establishing new facilities. As of year-end 2024, there are 85 available workers for every 100 open jobs…
No surprises at the top, but a few great opportunities in historically non-traditional tech markets like Atlanta, Chicago and Dallas. A great move would be to identify the top 3 or 4 secondary markets in this category while they are still under the radar!
The city’s office tour activity surged 25.3% YOY, closing the year with a VTS Office Demand Index (VODI) of 94 after briefly topping 100 in November. Tech and finance drove growth, solidifying NYC as the top U.S. office market. National office demand rose 12.3% in Q4, with the VODI up 39.1% since December 2022. San…
While return to office is in full swing in most industries, 2024 still ended with a wave of loan defaults in the office sector. Refilling pandemic driven vacancies and the associated rental abatements/ concessions take time, so borrowers, particularly in the hardest hit office sectors haven’t been able to keep up with loan payments. Five…
Ranking States by Competitiveness for Manufacturing As we head toward the end of the year, some interesting rankings for the manufacturing sector. While specific criteria depend on a project’s needs, standard site selection variables drive most manufacturing location decisions: access to qualified labor, competitive costs, and strategic geographic positioning. Speed to market has also become…