Tariffs are a trigger for reshoring. But I see the cost of labor and training as a bigger driver of where things get made. More »
The production of electric vehicles has surged over the past year, and with it an increased need for batteries. Can U.S. domestic production meet this burgeoning demand, or will manufacturers have to draw on imported raw materials? And if the trade war between the U.S. and China continues to rage, how will that impact the flow of essential materials into the country? William Crockett, vice president with Tanaka Precious Metals, offers his view in this conversation with SupplyChainBrain editor-in-chief Bob Bowman. More »
States compete with each other in a variety of ways, including attracting (and retaining) residents. Sustained periods of inbound migration lead to greater economic output and growth. Prolonged periods of net outbound migration, however, can strain state coffers, contributing to revenue volatility as economic activity and tax revenue follow individuals out of state. More »
For Tesla's Shanghai Gigafactory, the company has been winning various concessions from local authorities ranging from subsidies to preferential loans. The car manufacturing plant in China was completed in record time as it sped through approvals and construction. More »
Choose New Jersey CEO Jose Lozano said the lack of tax incentive programs in the state is beginning to take a toll on the state’s ability to recruit companies. If the situation continues, Lozano said it could mean the loss of thousands of jobs — as well as untold reputational damage to the state. More »
On a mountaintop a few miles north of the bustling streets of Harare, Zimbabwe, a curving, modern complex is beginning to take shape. This building, once completed, will be the home of the African country’s parliament, and the centerpiece of a new section of the capital city. More »
State and local governments across the U.S. spend at least $30 billion a year to attract and keep companies, but the biggest deals generate little in the way of economic benefits in return, a new study shows.
The research calls into question the common practice of using narrow, firm-specific tax breaks to attract businesses and boost employment. More »
We are entering a decade of seismic demographic change.
The retirement of 693 million Baby Boomers and the debut of 1.3 billion Generation Z workers entering the labor force over the next ten years has major implications for real estate occupiers, investors and policy-makers around the world.
Cushman & Wakefield’s Demographics Report extends a global viewpoint and takes the perspectives of both occupiers and investors to identify opportunities and challenges that will be encountered by 2030, and analyzes four key issues. More »
It seemed like every few minutes of 2019 you could find a big economic development announcement coming out of Texas. Big expansions by existing businesses, relocation of corporate facilities, and new facilities came at a furious pace. More »
Amazon is establishing a major new headquarters in Arlington, Virginia, while AllianceBernstein is trading Wall Street for Nashville and General Electric is saying farewell to Fairfield, Connecticut in favor of Boston. These companies are just a few of the recent high-profile corporate and employee relocation moves to happen. More »
Facebook’s push to accommodate its booming operations is part of a rush by the West Coast technology giants to expand in New York City. The rapid growth is turning a broad swath of Manhattan into one of the world’s most vibrant tech corridors. More »
A new Fed study shows the damage swamped any benefits. More »
China’s new export control draft law has removed references to ‘retaliation’, viewed by some as an effort to play down tensions with the United States More »
Attracting a relocating business to a particular place is tougher than ever in the current high-employment, incentive-skeptical climate. Yet in the face of such headwinds, economic development organizations have come up with some creative ideas to boost their site selection prospects. More »
Virginia Gov. Ralph Northam's proposed fiscal 2020 and 2021 state budgets look to fund two Northern Virginia university campuses that will help train some of the workforce destined to labor for Amazon.com Inc. More »
The world's largest indoor waterfall welcomes you to an oasis of amazing shopping, world class dining … and your next flight? More »
Data is the foundation of the new economy, and many of the most popular stories at Data Center Frontier in 2019 focused on the role of the hyperscale data center — “a super-sized version of the mission-critical facilities that house the servers powering the Internet.” More »
Reports of Florida’s demise as the future command headquarters of the U.S. Space Force — the newest branch of America’s military — it turns out, have been greatly exaggerated. According to state officials and lobbyists, Florida is still a contender to host the Space Force Command HQ. More »
Local businesses including Amazon exercised their constitutional right to challenge socialists on the Seattle City Council in November, but they came up short. Now the victors are aiming to take political revenge, and they’re not shy about it. More »
Beijing will lower import tariffs for frozen pork, pharmaceuticals and some high-tech components starting from Jan. 1 More »
