The Form and Substance of Business Incentives
1 Oct 2022
An incentive award of up to $9 billion in federal, state, and local benefits for Micron’s $100 billion chip fab plant near Syracuse, New York, if employment and investment projections are achieved, has set the high bar for a U.S. project incentives award.
More than $1.3 billion in incentives has been approved to attract Panasonic’s EV battery facility which is projected to create 4,000 jobs in De Soto, Kansas.
Read the complete article from Area Development here.
Apair of studies shows the U.S. at the top of the rankings for foreign direct investment (FDI) behind a surge of Asian and European investment in technology, chemicals, information and communication, and financial services. According to Kearney’s Global Business Policy Council’s 2022 Foreign Direct Investment Confidence Index and for...
Companies looking to grow are facing an historically tight labor market and rising costs, but their plans to invest may be buoyed by recent government legislation.Oct 1 2022
As the nation began to emerge from the COVID-19 pandemic in 2022, companies were still faced with a multitude of challenges. Supply chain bottlenecks and labor shortages persisted. And as the Federal Reserve attempted to rein in rising prices — with inflation peaking at 9.1 percent in June 2022 —...
The landscape of talent supply and development is almost unrecognizable compared to a decade ago. In 2013, labor was plentiful as people and communities were still working to recover jobs lost in the Great Recession. In the early 2020s — amid the third year of a pandemic, the baby-boomer retirement...