August 06, 2020For some time now, questions have hovered over a certain kind of incentive deal. Where most agree that it’s fine to use incentives for manufacturers, distribution centers or corporate headquarters, what about large-scale mixed-use real estate developments? In particular, what if part of the project rents apartments?
December 17, 2019
August 08, 2019
Each year, Area Development conducts a survey of site selection consultants to determine what factors are most important to companies looking to expand or relocate. Its 2018 survey identified state and local incentives as the fifth most important factor, behind skilled labor availability, proximity to major markets, highway accessibility, and labor costs. Those findings are consistent with the widely recognized view among economic development professionals that incentives alone will not bring a project to a community, but for competitive projects, they can be a key differentiator.