Historic government programs including President Biden's CHIPS Act and Inflation Reduction Act, and a national push to revitalize supply chains has made infrastructure the main economic development battleground in 2024.
Workforce, which had been the top category in the Top States for Business rankings since 2014, remains crucial, but worker shortages have eased as the economy stabilizes.There is nothing quite like a couple trillion dollars in federal money to get companies and states focused on infrastructure.Plus, global turmoil and the Covid-19 pandemic have reminded companies about the importance of keeping production close to home and accessible.
Don't ‘just set it and forget it' on money goals, advisor says: 5 steps for a mid-year financial checkup, rates the states in ten categories of competitiveness — weighted each year based on how frequently they appear as selling points in state economic development marketing. "Most companies are looking to move quickly, especially in the current environment," Martindale said."A company knows that if you have a site that is pad-ready, and you can just walk into that site and start building almost immediately, that cuts down on your time to actually deliver the capacity of what it is that you're trying to do."Workforce, which had been the top category since 2014, remains crucial. But, with roughly 1.
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