The 2021 Top States for Doing Business Reflect Their Locational Advantages
25 Mar 2022
When we last took stock of Area Development’s Top States for Doing Business, it was a bit hard to gauge what “doing business” was even supposed to look like. In 2020, the country was riding one wave of COVID-19 after another, mixing times of turmoil and concern with ripples of reassurance and optimism.
A year later, the country has undergone significant economic recovery, followed by another time of coronavirus concern. Still, amid the roller-coaster ride, there have been some significant high points and positive business headlines. Plenty of companies continue to grow, some of them dramatically, and with growth comes the need to expand and explore new locations.
Covid-19 has resulted in wild gyrations in the supply chain with the hard-hit semiconductor industry having a major impact on U.S. auto manufacturing. From its beginning, Covid-19 resulted in auto plants closing around the country while sales of computers and other consumer products skyrocketed. When automakers resumed production, they found...
It’s no secret that the recipe for economic success usually includes generous portions of innovation and technology. That has been part of the economic development story for many years in such places as Boston, Seattle, the Research Triangle, and Silicon Valley. But just as you can find more and...
The Labor Challenges of Site SelectionMar 22 2022
You’re evaluating a new site. It checks all the boxes when it comes to the property, local infrastructure, and business climate. You have one more box to check — labor supply. You’re presented with a hodge-podge of numbers. How can you make sense of it all? And what’s the bottom...