May 10th, 2019
Area Development Online


Why Amazon Is Gobbling Up Failed Malls - WSJ

As the decline of brick and mortar retail rolls on, commercial real estate developers are left with massive abandoned properties. Who will fill that underutilized space? A series of recent acquisitions by associates of Amazon in Northeastern Ohio provides some clues. More »

Forget Millennials And Boomers. Gen X Will Save The Workplace - HuffPost Canada

Today, all the chatter in leadership development is about millennials and retiring boomers. Let's be honest: for most organizations, no millennial is going to be tapped for a top job, yet many of these organizations are spending money on understanding their millennials and helping boomers feel good as they retire. More »

Auto, manufacturing help drive clean energy job growth in the Midwest - Energy News Network

Michigan, Indiana and Ohio aren’t known for progressive climate change policies, yet the three states rank among the highest in the Midwest for clean energy jobs, according to a new survey. More »

Newsletter Sponsor: Louisiana Economic Development

Space Race: Louisiana Aerospace Sector Reaches New Heights

Established firms like Boeing and Lockheed Martin, alongside up-and-coming companies, are seeing business growth and success in Louisiana’s thriving aerospace industry.

Read more…

State Corporate Income Taxes Increase Tax Burden on Corporate Profits - Tax Foundation

State-level corporate income tax rates vary across the country. Six states (Nevada, Ohio, South Dakota, Texas, Washington, and Wyoming) levy no corporate income tax, while the other 44 states and the District of Columbia do tax corporate profits. State-level rates range from a low of 3 percent in North Carolina to a high of  12 percent in Iowa. While the majority of states levy a flat rate on corporate profits, 14 states have progressively structured corporate income taxes. More »

Lawyer Reaping Millions Over Decades as a Cut of Tax Incentives - Bloomberg

Sales tax sharing agreements, involving companies like Apple Inc., QVC Inc. and Best Buy Co. Inc., have caught the attention of some state lawmakers and even the editorial board of the New York Times, who say they pit one city against another while giving money back to companies that the cities need. More »

California Is No. 1, Massachusetts No. 2 in U.S. Innovation Rank - Bloomberg

The Golden State is living up to its nickname, with California ranking as the most innovative economy in America. More »

Opinion: The Best Way to Rejuvenate Rural America? Invest in Cities - The New York Times

There is already clear evidence that the economic prosperity of urban areas benefits small towns. More »

Build a subway car factory in D.C. area? Metro asks bidders for big contract to consider it. - The Washington Post

As Metro prepares to award a major contract to a foreign com­pany to build its next generation of rail cars, it is asking firms bidding for the deal to spend some of the money in the Washington region and possibly build an assembly plant here. More »

IRS Sheds Brighter Light on Opportunity Zones - Katz, Sapper & Miller CPA

The IRS has issued a much-anticipated second round of proposed regulations better outlining the framework of the Qualified Opportunity Zone (QOZ) program. Operating businesses that have been waiting on the QOZ sidelines should now have enough clarity to begin to tap into the program’s benefits. Key takeaways from these proposed regulations: More »

What Happens to a Factory Town When the Factory Shuts Down? - The New York Times

For more than 50 years, life in Lordstown, Ohio, revolved around the G.M. plant at the edge of town. In March, the plant ceased production. This is what their crises looks like. More »

Warehouse Hiring Surges on Rising E-Commerce Demand - WSJ

Logistics gains in April came as job growth for other transport operators lost steam. More »

2019 Best & Worst States For Business: An Overview -

The more things stay the same, the more they stay the same – at least if you’re the best and worst states in America for doing business. But if you’re somewhere in the middle of the rankings, there are real prospects for changing CEO perceptions, just not always for the better. More »

Task force scrutinizes tax incentives in Camden — and Norcross - POLITICO

The task force investigating New Jersey’s tax incentive programs presented evidence Thursday that cast doubt on whether three companies and a nonprofit that were awarded hundreds of millions of dollars in tax breaks to relocate jobs to Camden really considered sending those jobs out-of-state, as they indicated in official documents. More »

Amazon exec says robots won't replace warehouse workers anytime soon - Business Insider

Scott Anderson, director of Amazon robotics fulfillment, told a group of reporters during a visit to Amazon's Baltimore warehouse on Tuesday that the company is 10 years away from replacing certain human jobs. More »

Foxconn Tore Up a Small Town to Build a Big Factory—Then Retreated - WSJ

The iPhone maker got fat incentives to build a $10 billion LCD plant that largely hasn’t materialized on land where Mount Pleasant, Wis., razed homes and crops More »

Largest Economic Incentive Deals of First Quarter 2019 - Site Selection Group

To help understand economic incentive trends, this report evaluates economic incentive deals announced during the first quarter of 2019. More »

Lettuce-Farming Robots Might Grow Your Next Salad - Bloomberg

California’s grow houses are making use of applied intelligence and robotics to cultivate the time- and labor-intensive greens. More »

'Don't shoot yourself in the foot': Inside Mexico's campaign to save NAFTA - Reuters

Mexican business and political leaders, including the heads of the foreign and economy ministries, started scrambling to save the 25-year-old trade deal right after Trump’s election in November 2016. More »

California Population Migration Indicates Power of Corporate Site Selection Strategies - Site Selection Group

With labor markets extremely tight in some of key labor markets in California, companies are going to continue to rethink their expansion plans to make sure they are making strategic location decisions. More »

Indy Chamber reveals videos from city's Amazon HQ2 bid package -

Indianapolis fell short in its bid to land Amazon's second headquarters, but the Amazon team apparently was impressed enough with the city’s HQ2 bid package that it was given to CEO Jeff Bezos to review personally. More »

Small-City Tech Hubs Gain on Silicon Valley - CityLab

Despite established urban tech hubs, some smaller cities are attracting high-tech jobs with lower living costs, unique talent pools, and geographic diversity. More »

What’s the True Cost of an Ignorant Supply Chain? - Industry Week

The first step in any company’s supply chain transformation is for everybody to actually listen to what each other has to say. More »

Volvo Shifts Plans For Its U.S.-Made Cars Amid China Trade War - NPR

Volvo is a Chinese-owned Swedish company making cars in the U.S. When it decided to set up a plant in South Carolina to build cars to ship around the world, it was following a long tradition. More »

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