July 15th, 2015

Editor's Note
The level of optimism — 76 percent — is the highest since the fourth quarter of 2005 according to a PwC survey if 
US-based manufacturing executives. “As we see increasingly positive views about the domestic economy among U.S. industrial manufacturers, a majority of management teams continue to indicate plans to hire skilled workers and invest in their businesses,” said Bobby Bono, PwC’s U.S. industrial manufacturing leader. 

Where will this investment take place? Although the economic development process has changed since Area Development was first published 50 years ago, one fact remains: “CEOs favor states that foster growth through progressive business development programs, low taxes, and a quality living environment,” according to the latest Chief Executive magazine Best & Worst States for Business survey. Among these states are many that are also receiving Gold and Silver Shovel awards from Area Development this year in recognition of garnering investment and high-value added jobs in 2014. One state in each of five population categories was recognized with a Gold Shovel award, and Silver Shovels went to 16 runner-up states. One project in each of the population categories was also recognized as a “project of the year.” 

Also in this issue is our annual Leading Locations report. Area Development’s research desk ranked 373 MSAs against 21 economic and workforce indicators to determine the 100 Leading Locations, as well as the leading MSAs among big, mid-size, and small cities, and within nine geographic regions of the U.S. These cities/MSAs understand how business works and are nurturing sustainable economic development.

Best Regards,

Gerri Gambale, Editor

Q2 2015 ISSUE


Featured in the Q2 2015 issue of Area Development...


The Evolution of Economic Development: 1965 - 2015


Since Area Development’s inaugural issue 50 years ago, the economic development process has changed dramatically.

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Leading Locations for 2015: Creating a Track Record of Economic Success, Denver-Aurora-Broomfield Ranks First


Area Development analyzed economic and workforce data for 373 MSAs to determine which U.S. cities are creating jobs and nurturing sustainable economic development. The results of the Leading Locations 2015 study clearly reflect the strength of the western half of the United States: eight of the top-10 MSAs are in the West — three in Colorado, two in California, two in Texas, and one in Washington State.

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2015 Gold & Silver Shovel Awards Recognizing Excellence in State Job Creation and Economic Development Efforts


At a time of intensifying competition, these states and communities have proven that they understand what makes for winning economic development strategies. Their governors and legislatures not only have determinedly held the line on taxes, in most cases, but also have relentlessly pursued other paths to business-friendliness, including providing reasonable incentives, improving infrastructure, training workforces, and establishing an overall environment of cooperation with business that helps create vibrant new economic presence in communities and sustainable employment today and for the future.

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U.S. Infrastructure Funding Needs More Than a Quick Fix


Public investment in infrastructure sits at its lowest level since records have been kept because of underfunding across all levels of government.

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Headquarters Decisions: Real Estate Executives Make Their Mark


Headquarters location decisions present companies an opportunity to realign the corporate “home base” with current strategic and operational objectives. They also can be a catalyst for management to facilitate change and move an organization forward based on their vision for the future. These decisions are high-value, high-profile events that put corporate real estate executives in a position to advance the organization.

Read More

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