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 State, Provincial and International Reviews 
Monday, September 30 2019
The Commonwealth of Virginia - An Economic Engine Since 1607

Founded as a business venture in 1607, Virginia represented the first English settlement in North America and a gateway for enterprise. More than 400 years later, the Commonwealth has upheld its global reputation and emerged as a hub for entrepreneurship and innovation. Today, Virginia is CNBC’s Top State for Business, thanks to its pro-business environment, top-tier education system, and strategic investments in 21st century workforce solutions.

The Commonwealth is home to the corporate headquarters of 34 Fortune 1000 firms, and continued investments from industry leaders like Amazon, Micron, Nestlé USA, and Volvo Trucks reinforce Virginia’s longstanding position as a premier business destination. The Commonwealth has meticulously crafted a supportive ecosystem for businesses to thrive, while adapting modern solutions and enhancing its centuries-old legacy as an economic powerhouse.

Posted by: AT 09:57 am   |  Permalink   |  Email
Monday, September 30 2019
Maryland: Making the Most of Opportunity Zones

Yard 56, a transformative mixed-used project planned in East Baltimore on a 20-acre industrial site, was the first project in Maryland to receive an investment through the federal Opportunity Zones program. An investment by Prudential Financial Impact Investments will support the development of Phase 1, which will consist of 190,000 square feet, including LA Fitness, Streets Market, retail shops, restaurants and 100,000 square feet of office space.

“Yard 56 is a model example of how of how Opportunity Zones can help spur investment to transform a vacant brownfield site into a mixed-use development that will support the growth of adjacent neighborhoods and anchor institutions,” said Colin Tarbert, president and CEO of the Baltimore Development Corporation, which has a dedicated Opportunity Zone coordinator for the City of Baltimore.

Posted by: AT 09:54 am   |  Permalink   |  Email
Monday, September 30 2019
Aerospace and Defense Companies Soar in Arkansas

By Secretary Mike Preston, Arkansas Department of Commerce

When Lockheed Martin was looking for a site to produce its High Mobility Artillery Rocket System, it knew it had found the perfect spot in a rural area in south central Arkansas. Over the years, the company has continued to expand the facility with its most recent expansion announced in June at the Paris Air Show. Lockheed Martin will invest $142 million in the facility, creating 326 new jobs to produce the rocket system as well as perform final assembly for Integrated Air and Missile Defense and Precision Fire products for the United States and allied military services.

“Our facility in Camden is a highly efficient, high quality center of excellence that contributes components and performs final assembly for products that are important to the defense of the United States and a growing number of allied nations,” said Frank St. John, executive vice president of Lockheed Martin Missiles and Fire Control. “The facility has a long record of precision manufacturing and on-time deliveries, which is the reason we continue to invest in and expand our Camden Operations. This expansion will help ensure the availability, affordability and quality of systems we build for our customers around the world.”

Posted by: AT 09:52 am   |  Permalink   |  Email
Monday, September 30 2019
Alabama's Global Footprint is Driving Economic Growth in Key Industries

By Greg Canfield, Secretary, Alabama Department of Commerce

It’s no secret that Alabama has been a prime U.S. destination for foreign direct investment for many years.

This really began in 1993, when Mercedes-Benz selected Alabama for its first U.S. auto assembly plant. The decision, which climaxed an intense nationwide competition for a coveted industrial prize, stood as a compelling seal of approval from a gold-plated global brand.

Since then, Mercedes’ success in Alabama has served to lay a foundation for future foreign investment across the state. Mercedes found what it needed in Alabama and so have other global companies. They’ve all discovered they can assemble a high-performing workforce, build world-class products, and thrive in Alabama.

Posted by: AT 09:49 am   |  Permalink   |  Email
Monday, September 30 2019
Missouri: Leaping Ahead in Workforce Development and Much More

By Mark Sutherland

States and communities across the U.S. are facing shortages of available and trained workers. And Missouri is taking aggressive steps to position themselves as a national leader in the solutions to this challenge. 

In July 2019, Missouri Governor Mike Parson signed into law a piece of legislation that caused Missouri to leap ahead of states like Alabama, Louisiana, Tennessee and Georgia and become a top state for workforce development. Missouri’s new $42 million Missouri One Start program is part of a fundamental reset in how Missouri approaches economic development. The program is designed to help companies ramp up faster during an expansion by designing and delivering tailored and customized pre-employment screening, employment marketing, and job-specific training to make businesses more competitive.

Posted by: AT 09:31 am   |  Permalink   |  Email
Sunday, July 28 2019
Backed By Big Electric Vehicle Investments, the Future of Tennessee's Auto Industry is Here

By the Tennessee Economic Partnership

In advance of the kickoff of the 2019 North American International Auto Show in January, General Motors unveiled its plans for the new Cadillac XT6, a seven-seat SUV described as the Escalde’s “little brother,” to be manufactured at its Spring Hill, Tennessee plant. This news means hundreds of new employees and a nearly $300 million investment at the Middle Tennessee facility in order to accommodate the production of the XT6. 

Bob Rolfe, the state's commissioner of economic and community development, said GM's decision to add another vehicle to its product line in Spring Hill "speaks volumes about the high-quality workforce and business climate that global businesses can find in Tennessee."

GM's Spring Hill plant is the company's largest facility in North America, and GM is one of Tennessee’s leading employers. It employs 3,800 workers on a 2,000-acre campus providing quality wages for Tennesseans and positively benefiting Middle Tennessee’s economy enormously throughout the years since first opening its Spring Hill plant in 1990. Besides the XT6, XT5, and GMC Acadia, the site produces the Holden Acadia for export to Australia and New Zealand.

Posted by: AT 03:33 pm   |  Permalink   |  Email
Sunday, July 28 2019
New Jersey Reclaiming its Position as America's Life Sciences Capital

By Jose Lozano, President and CEO, Choose New Jersey, Inc.

With a 150-year history of developing lifesaving medicine, New Jersey has always been the capital of innovation. We welcome big ideas and those who think differently to bring transformative therapies, novel medicines and disruptive technologies to market. The state's innovation economy includes strong industry synergy, venture capital funding, access to leading universities, proximity to research hospitals and concentration of top talent. Further, New Jersey offers an unbeatable location, a dynamic life sciences ecosystem and access to a large, globally diverse workforce – along with an affordable quality of life that’s one of the best in the nation. 

The Garden State is the global gateway to the United States. New Jersey offers non-stop flights to almost anywhere in the U.S. and the across globe, making it easier to connect to employees, clients, and customers. We are at the center of the transit-connected Northeast corridor, directly between Washington D.C. and Boston, and part of the New York and Philadelphia area. New Jersey moves people and products better than anyone else in the nation because of our ports, airports, freight rail lines and mass transportation system.

Posted by: AT 02:22 pm   |  Permalink   |  Email
Saturday, July 27 2019
What a Rush: Businesses and People Flock to North Carolina

By the Economic Development Partnership of North Carolina

North Carolina closed out 2018 and began 2019 on three very high notes – ranking as Forbes magazine’s No. 1 state for business for the second-straight year, posting its second-best year in over a decade in new job announcements and anticipating the arrival of three more Fortune 500 headquarters.

“It was a great year, but not at all an outlier,” says Christopher Chung, chief executive officer of the Economic Development Partnership of North Carolina, which recruits new corporate facilities and expansions to the state. “Executives often put North Carolina on their short list and for good reason. Among those reasons is that we consistently place among the Top 10 states in well-regarded business rankings from the likes of Forbes, Chief Executive and CNBC.”

Forbes has annually ranked the business climates of all 50 states since 2006. North Carolina is the only state to place among the magazine’s top five best states for business every year.

Posted by: AT 01:44 pm   |  Permalink   |  Email

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