The Form and Substance of Business Incentives
1 Sep 2022
News
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.
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The auto and battery industries are investing billions of dollars to upgrade and build factories to meet increasing demand for electric vehicles (EVs). But they face a shortage of rare earth materials that go into making these batteries. This is causing the price of EVs to skyrocket.
Fortunately, the...
If you want to see the possible future of farming in the U.S., there are a number of places to look.
One is Morehead, Ky., where AppHarvest has opened a 2.76-million-square-foot high-tech greenhouse to grow non-GMO, chemical pesticide-free fruits and vegetables closer to consumers. AppHarvest has also broken ground...
Last fall, Morgan Crapps, Principal at ParkerPoe Consulting, spoke at Area Development’s Women in Economic Development Forum about the trends and factors that shaped foreign direct investment in the United States in 2022, and what we’re tracking for 2023. Here are some trends to watch:
M&A remains a strong...
