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Andy Parcell Joins Ginovus Team as Client Advisor – Compliance

Andy Parcell Joins Ginovus Team as Client Advisor – Compliance

Andy Parcell Joins Ginovus Team as Client Advisor – Compliance Ginovus Names Andy Parcell as New Client Advisor – Compliance Fishers, Indiana — Ginovus is very pleased to announce that Andy Parcell has joined its site selection and economic development incentive firm as a Client Advisor – Compliance. Parcell will support the vitally important incentive […]

Lessons from Financial Services and Other Corporate HQ Relocations

Lessons from Financial Services and Other Corporate HQ Relocations

Lessons from Financial Services and Other Corporate HQ Relocations In 2021, the key drivers of corporate office relocations have changed quite a bit, though the fundamentals have remained steady. A company’s location is still a key projection of its brand personality and identity to customers and investors. Moving a company from its original roots in […]

How to Leverage Site Visit Opportunities in the COVID-19 Environment

How to Leverage Site Visit Opportunities in the COVID-19 Environment

How to Leverage Site Visit Opportunities in the COVID-19 Environment A s we see a spike in COVID-19 cases across the country, being prepared to deliver accurate and timely information virtually to site selectors and companies is vitally important. COVID-19 puts even more pressure on economic development officials to respond to site selection project opportunities. […]

The Amazon Effect and the Rapid Growth of Distribution Projects

The Amazon Effect and the Rapid Growth of Distribution Projects

The Amazon Effect and the Rapid Growth of Distribution Projects L arry Gigerich was recently asked to present at a Site Selectors Guild webinar focused on the logistics industry and economic development incentives. His portion of the discussion focused on how Amazon has been shifting consumer shopping behavior for some time and is well positioned […]

How the Indianapolis Region Can Stay Competitive Amid COVID-19

How the Indianapolis Region Can Stay Competitive Amid COVID-19

How the Indianapolis Region Can Stay Competitive Amid COVID-19 W hile the world continues to ride the coronavirus roller coaster, Indiana must find its foothold to alleviate the economic thrashing about powered by this unforeseen pandemic. I recently participated in the Indy Chamber’s Leadership Exchange (LEX) event and shared the following perspective on how we […]

2020 Top States Commentary: Lower Business Costs, Decreasing Regulations

2020 Top States Commentary: Lower Business Costs, Decreasing Regulations

2020 Top States Commentary: Lower Business Costs, Decreasing Regulations What will be remembered about the year 2020? Certainly, the COVID-19 pandemic has created dynamic shifts in how companies are doing business and thinking about the future. In addition, there is heightened awareness of the critical need to re-shore medical supplies and pharmaceuticals, and a focus […]

Opinion: Entice coastal city escapees to land in ‘flyover country’

Opinion: Entice coastal city escapees to land in ‘flyover country’

Opinion: Entice coastal city escapees to land in ‘flyover country’ Thousands of people now are clamoring to escape the tattered coastal enclaves from which they once looked down their noses at us, out in flyover country. How should we respond? By taking advantage of an economic-development opportunity for the ages. Cities, counties, states, companies, foundations […]

Virtual Site Tours are Changing Economic Development—Are You Ready?

Virtual Site Tours are Changing Economic Development—Are You Ready?

Virtual Site Tours are Changing Economic Development—Are You Ready? W ith technology rapidly advancing year over year, economic development teams need to stay nimble to meet the time-sensitive needs of their corporate and community clients. Due to the global pandemic we are experiencing, online meetings and video calls are commonplace, our industry has even more […]

Re-evaluating the Numbers: Incentive Compliance Management in the Covid-19 Era

Re-evaluating the Numbers: Incentive Compliance Management in the Covid-19 Era

Re-evaluating the Numbers: Incentive Compliance Management in the Covid-19 Era 2020 has affected our economy in a way that most of us have never experienced. With the landscape changing daily, remaining in compliance with incentives is likely not at the forefront of issues for company leaders.  However, with much at stake in the form of […]

How the Pandemic is Impacting Business Location Selection

How the Pandemic is Impacting Business Location Selection

How the Pandemic is Impacting Business Location Selection No Longer “Business Location As Usual” The COVID-19 pandemic has impacted every part of daily life – and for companies, this includes the decision-making process for new business locations. But beyond the obvious changes (less travel, virtual instead of physical site visits, virtual meetings and presentations) the pandemic […]

A Hard Stop, Detour, and Reboot for the Auto Industry

A Hard Stop, Detour, and Reboot for the Auto Industry

A Hard Stop, Detour, and Reboot for the Auto Industry Last August, Dustin Jones wrote an article entitled, “Diversification – and Survival – in the Auto Industry,” which summarized the perils of non-diversification and impending market risks for automakers as well as the threat of new technologies disrupting that sector of the economy. As prophetic […]

Economic Development and COVID: Larry Gigerich Answers Your Questions

Economic Development and COVID: Larry Gigerich Answers Your Questions

Economic Development and COVID: Larry Gigerich Answers Your Questions W ith more than 30 years of economic development and site selection experience, Larry Gigerich has served clients all across the United States and beyond. Amidst the uncertainties with the coronavirus outbreak, economic development professionals, business leaders, and elected officials have been calling on Larry to […]

The Future of Office Site Selection and Risk Mitigation

The Future of Office Site Selection and Risk Mitigation

The Future of Office Site Selection and Risk Mitigation I n order to keep business in motion during the coronavirus pandemic, many organizations have been forced to pivot and adopt new collaborative practices with their workforce. These operational shifts now have many executives wondering about how to stay ahead of the game in the future. […]

The Nature of Incentives Compliance in the Age of the Coronavirus

The Nature of Incentives Compliance in the Age of the Coronavirus

The Nature of Incentives Compliance in the Age of the Coronavirus Economic development compliance is historically a long process, one that is typically managed over a multi-year time frame. Companies have negotiated incentives to help offset costs associated with growth and expansion and count on the economic benefits as part of their strategic growth plan […]

Why Location Modeling Could be a Crucial Part of Contingency Planning

Why Location Modeling Could be a Crucial Part of Contingency Planning

Why Location Modeling Could be a Crucial Part of Contingency Planning While the US economy had been enjoying 128 consecutive months of growth and a 50-year low unemployment rate, business leaders forged ahead with strategic plans for advancements and expansion.  However, as the global pandemic slammed on the brakes of the economy and everyday life, […]

Top Takeaways from Site Selectors Guild Survey Predictions After COVID-19 Survey

Top Takeaways from Site Selectors Guild Survey Predictions After COVID-19 Survey

Top Takeaways from Site Selectors Guild Survey Predictions After COVID-19 Survey I n these moments of tremendous uncertainty, we look for guidance from leaders to help us discern what is happening around us in real-time as well as prepare for what may lie ahead.  This is one of the many reasons we are fortunate to […]

Supporting our Clients, our Partners and Each Other in a Time of Crisis

Supporting our Clients, our Partners and Each Other in a Time of Crisis

Supporting our Clients, our Partners and Each Other in a Time of Crisis April 10, 2020Little over a month ago here in Indiana we learned that the first case of COVID-19 was impacting our state, not to mention the nation and the world in tandem.  Now we are all facing an unprecedented amount of incertitude […]

Will Talent Continue to Stand Out in Site Selection Decisions?

Will Talent Continue to Stand Out in Site Selection Decisions?

Will Talent Continue to Stand Out in Site Selection Decisions? A t the onset of a brand new decade, talent was a clear leading factor in the site selection process. The period of extended economic growth the United States had been experiencing created tight labor conditions in many markets. In turn, these competitive markets resulted […]

Resources for Indiana State Businesses Looking for Assistance

Resources for Indiana State Businesses Looking for Assistance

Resources for Indiana State Businesses Looking for Assistance During this unprecented time, many businesses are looking for resources on how to manage this massive change. In an effort to streamline the research process, please find the following opportunities for businesses in Indiana: FEMA – Industry Liasion Program Interested in supporting the response to COVID-19 with […]

Why Are Economic Development Incentives More Valuable During a Recession?

Why Are Economic Development Incentives More Valuable During a Recession?

I n early March as the COVID-19 was in its infancy in the United States, I was fortunate enough to join my colleagues in person at the Site Selectors Guild Annual Conference in Atlanta, Georgia.  Every year it is an important time to come together to share thoughts and ideas around what is happening in […]

How Economic Development Incentives Are Lost

How Economic Development Incentives Are Lost

How Economic Development Incentives Are Lost R eceiving final application approval for economic development incentives can be an exciting time for a company, as it often accompanies a strategic growth plan for a new facility or expansion project.  What is often over looked is the complex performance reporting period that follows, which can stretch over […]

What Do the Coronavirus Headlines Mean for the Future of Business?

What Do the Coronavirus Headlines Mean for the Future of Business?

What Do the Coronavirus Headlines Mean for the Future of Business? B usiness leaders and owners want answers and a sense of control in what feels like an endless economic tailspin worldwide.  Let’s take a look at some of the facts before the change and break down some of the popular headlines as we navigate […]

Special Statement regarding COVID-19 from Executive Managing Director Larry Gigerich

Special Statement regarding COVID-19 from Executive Managing Director Larry Gigerich

Special Statement regarding COVID-19 from Executive Managing Director Larry Gigerich Updated on March 16, 2020   A s coronavirus (COVID-19) cases continue to be reported throughout the U.S., we want you to know that Ginovus is carefully monitoring the rapidly changing situation. Our top priority is the welfare of our team members and clients, followed […]

Creating a Thriving Economy Requires Collaboration

Creating a Thriving Economy Requires Collaboration

Creating a Thriving Economy Requires Collaboration O ur economy is a complex web of activity at every level. Whether we are looking at the global market, a specific region, or even the activity on a single street, any shift can cause a chain reaction.  This is true when an innovative, large-scale tech company comes to […]

The Value of Industry and Occupational Data in a Location Decision

The Value of Industry and Occupational Data in a Location Decision

The Value of Industry and Occupational Data in a Location Decision C ompanies of all sizes are on a constant mission to attract and retain top talent. Of course, there are financial goals to track and budgets to maintain. This is one reason why site selection can be such a challenge. You probably have a […]

How Do We Navigate the Economic Development Incentive Roadmap?

How Do We Navigate the Economic Development Incentive Roadmap?

How Do We Navigate the Economic Development Incentive Roadmap? N o matter your industry, there are a lot of factors to consider for the site selection process. That’s why it helps to work through the process with smaller objectives. Utilizing a clear checklist can help you analyze all of the quantifiable data and find your […]

Training Grants Help Prepare Hoosiers to Reach the Next Level

Training Grants Help Prepare Hoosiers to Reach the Next Level

Training Grants Help Prepare Hoosiers to Reach the Next Level “Now more than ever, our state needs to ramp up efforts to prepare Hoosiers for the jobs available today—and for the one million more we expect to have open by 2025.”  These words, spoken by Indiana Governor Eric Holcomb, underscore the importance of the availability […]

What Matters to Millennials in the Talent Attraction Equation

What Matters to Millennials in the Talent Attraction Equation

What Matters to Millennials in the Talent Attraction Equation In 2020, 50 percent of the U.S. workforce will be made up of Millennials. By 2030, this number will increase to 75 percent, according to the U.S. Bureau of Labor Statistics.It’s no secret that Millennials have completely transformed the workplace. Yet, attracting them remains one of […]

Bridging the Gap between Economic Development Incentives and Compliance

Bridging the Gap between Economic Development Incentives and Compliance

Bridging the Gap between Economic Development Incentives and Compliance I t is no secret that the process of negotiating economic development incentives for any new or expansion project can be extremely burdensome. The expectant company must first decide on a location and submit applications for the incentives and permits. There is the back and forth […]

How to Capitalize on the Passage of New Data Center Legislation in Indiana

How to Capitalize on the Passage of New Data Center Legislation in Indiana

How to Capitalize on the Passage of New Data Center Legislation in Indiana W ith the passage of new data center legislation, how can Indiana communities capitalize on this opportunity? Indiana wins big with House enrolled Act 1405 allowing the Hoosier state to effectively compete in the attraction of data centers. This ground breaking legislative […]

Diversification—and Survival—in the Auto Industry

Diversification—and Survival—in the Auto Industry

Diversification—and Survival—in the Auto Industry From investing and finance, to energy policy, to biology, the adage, “Don’t put all your eggs in one basket,” is sound advice—and an implied warning. While one cost of diversification can be forgoing some short-term gains by reallocating resources to other potential sources of return, the buffering effects of diversification […]

Prosperity and Poverty in the Midst of Economic Development

Prosperity and Poverty in the Midst of Economic Development

Prosperity and Poverty in the Midst of Economic Development T he headlines and numbers are eye-catching. In Indianapolis, a marketing software provider expands, adding another 150 high-wage jobs to the downtown landscape and the state’s tax rolls. Similarly, around the nation there are stories of companies moving into brand new office space and doubling the […]

Inclusive Incentives Aim to Create Economic Opportunity for All

Inclusive Incentives Aim to Create Economic Opportunity for All

Inclusive Incentives Aim to Create Economic Opportunity for All I n late July, Indianapolis Mayor Joe Hogsett and the Indy Chamber unveiled a roadmap that repositions how Indianapolis uses economic development incentive programs to encourage the types of inclusive outcomes sought for our community.  This important initiative helps strengthen the position for Indianapolis as a […]

The Collaboration Score: Why Site Selectors Should Use It

The Collaboration Score: Why Site Selectors Should Use It

The Collaboration Score: Why Site Selectors Should Use It T  he next time you conduct a site search for the optimal location for a business operation, consider adding the “collaboration score” of each community to your matrix. Location modeling and real estate site selection is a process companies may undertake either through the use of […]

Why Site Selection Matters in 2019

Why Site Selection Matters in 2019

Why Site Selection Matters in 2019 W hen it comes time to open, relocate or expand your business, how do you choose the right location and mitigate the risk associated with the decision? It’s more involved than choosing a city or signing a lease. Strategic site selection involves research, due diligence, and planning, and its […]

Economic Slowdown in 2019 – What You Need to Know

Economic Slowdown in 2019 – What You Need to Know

Economic Slowdown in 2019 – What You Need to Know O ver the course of 2018, the United States experienced a period of welcome economic growth. This growth brought increased profits to businesses and more employment opportunities to the population. But, as the saying goes, what goes up must come down, eventually. It has been […]

Tariffs Are Poised to Have a Big Impact in 2019

Tariffs Are Poised to Have a Big Impact in 2019

Tariffs Are Poised to Have a Big Impact in 2019 W hen running a business, you’ll always run into circumstances that you can’t control — those non-negotiable expenses that come with operating a company. Some of these factors you can plan for; others can arise from seemingly out of nowhere and have a huge impact […]

Last-Mile Warehouses are Revolutionizing E-Commerce

Last-Mile Warehouses are Revolutionizing E-Commerce

Last-Mile Warehouses are Revolutionizing E-Commerce T hen it comes time to open, relocate or expand your business, how do you choose the right location and mitigate the risk associated with the decision? It’s more involved than choosing a city or signing a lease. Strategic site selection involves research, due diligence, and planning, and its importance […]

Reshaping Economic Development Policies from the Governor’s Office

Reshaping Economic Development Policies from the Governor’s Office

Reshaping Economic Development Policies from the Governor’s Office T he 2018 elections caused a spirited debate on job creation, the economy and the direction our country will take to maintain economic prosperity. Although the election tended to focus on federal offices and President Trump’s effect on the national political discourse, several important gubernatorial elections were also […]

How Artificial Intelligence is Changing the Way We Do Business

How Artificial Intelligence is Changing the Way We Do Business

How Artificial Intelligence is Changing the Way We Do Business W hen technology moves forward, it creates a ripple effect. Technological advances change the way we live, the way we communicate, and especially the way we work. The biggest technology game-changer to watch in 2019 is artificial intelligence (AI). One Technology; Many Industries One of the […]

In a Tight Labor Force, Apprenticeship Programs are on the Rise

In a Tight Labor Force, Apprenticeship Programs are on the Rise

In a Tight Labor Force, Apprenticeship Programs are on the Rise W hat is the top corporate concern of senior level executives in the tech industry? It’s not the rapid change in the industry, or growing concerns about digital privacy and protecting customer data. Instead, an internal concern has topped the list. According to a […]

Chad Sweeney Becomes New Associate Member in the Site Selectors Guild

Chad Sweeney Becomes New Associate Member in the Site Selectors Guild

Chad Sweeney Becomes New Associate Member in the Site Selectors Guild T he Site Selectors Guild announced on January 29th, 2019 the addition of nine new members to its exclusive roster. Chad Sweeney, Sr. Principal at Ginovus, is one of the five new associate members. “We are thrilled to see this outstanding recognition of Chad’s experience […]

Is the Rapid Expansion of Co-Working Spaces Sustainable Long-Term?

Is the Rapid Expansion of Co-Working Spaces Sustainable Long-Term?

Is the Rapid Expansion of Co-Working Spaces Sustainable Long-Term? T he American workforce is changing. According to NPR, one in every five workers is a contract worker. Experts predict that in a decade, over half of the workforce could be made up of freelancers. Couple this trend with the fact that providers of co-work spaces continue to […]

Ginovus Names Lily Hay to Lead Marketing

Ginovus Names Lily Hay to Lead Marketing

Ginovus Names Lily Hay to Lead Marketing Fishers, Ind.—Ginovus announces that Lily Hay has joined the company as Principal. Hay brings 18 years of marketing experience to her new role, in which she provides strategic communications expertise to the company’s growth efforts regionally and throughout the country. In collaboration with the Ginovus leadership team, Hay […]

Is a “Homelessness” Tax Coming to Your City?

Is a “Homelessness” Tax Coming to Your City?

Is a “Homelessness” Tax Coming to Your City? UPDATE 11/08/2018 – During the mid-terms this past Tuesday, voters approved new tax measures to help resolve homelessness in both San Francisco and Mountain View, CA. Want to know more? Read further to learn more about these and other recent initiatives taken by communities to tackle this very serious issue. In virtually any metropolitan […]

Baby Boomers…in the Workplace to Stay?

Baby Boomers…in the Workplace to Stay?

Baby Boomers…in the Workplace to Stay? G inovus colleague, Christy Markley Plummer, recently wrote a great article about Generation Z and its huge impact on the workplace.  On the other end of the spectrum is the Baby Boomer generation, and oh baby, are they also changing the workplace! The statistics alone don’t tell the whole tale, but they […]

Economic Development Incentives Reporting Getting Tougher

Economic Development Incentives Reporting Getting Tougher

Economic Development Incentives Reporting Getting Tougher IT certainly seems as if the last few years of incentives compliance reporting has started to get a bit more intense. As we work with states and communities all throughout the United States, there seems to be a transference from easy, user-friendly compliance reporting to much more stringent requirements. […]

Getting in the Game with Site Certification

Getting in the Game with Site Certification

Getting in the Game with Site Certification G iven the current robust economy and record low unemployment, much attention has been given recently to the importance of workforce availability and readiness.  While workforce does continue to be the most important component in site location decisions, communities should not overlook the importance of site development and […]

Generation Z; The New Workforce

Generation Z; The New Workforce

Generation Z; The New Workforce A new generation has officially entered the workforce. Just when employers thought they figured out Millennials, Generation Z has joined the working world and will likely change the American workforce as we know it. Employers need to be well-informed in preparation for hiring individuals from Generation Z. Here’s what companies […]

The Importance of Labor Analytics in Locating a Manufacturing Facility

The Importance of Labor Analytics in Locating a Manufacturing Facility

The Importance of Labor Analytics in Locating a Manufacturing Facility T he availability of labor is a critical, if not the most critical, decision-making factor in the expansion, relocation, or development of a new manufacturing facility.  A comprehensive evaluation of the workforce availability, quality, and cost in any given market and the programs in place […]

World Trade Center Indianapolis

World Trade Center Indianapolis

World Trade Center Indianapolis A fter an extensive application and approval process lasting more than a year, The World Trade Centers Association (WTCA) has approved the license that will allow Indianapolis to establish a local World Trade Center organization. Prior to the approval, Indianapolis had been the fourth largest metropolitan area in the US without […]

Light Manufacturing Combats a Tight Labor Market

Light Manufacturing Combats a Tight Labor Market

Light Manufacturing Combats a Tight Labor Market A s expected, there is a lot of conversation regarding availability of labor in economic development and about the skills gap, especially in advanced manufacturing.  While this is indeed the case, information and programming are under development around the country to address the challenge. There is another issue […]

The Importance of Innovation Districts

The Importance of Innovation Districts

The Importance of Innovation Districts I n today’s technology driven world, innovation districts are growing in their importance.  Some public policy leaders believe that innovation districts are only for life sciences or information technology companies, but this could not be further from the truth.  Innovation districts are attractive to many types of businesses because it […]

Property Tax Abatement Basics

Property Tax Abatement Basics

Property Tax Abatement Basics P roperty tax implications can have a significant impact on how and where a company chooses to grow.  Economic tools such as property tax abatement can enable the company to offset some of its operational costs, and to apply those tax savings towards further investment and innovation.  Property tax abatement is […]

Considering WorkShare Unemployment Insurance

Considering WorkShare Unemployment Insurance

Considering WorkShare Unemployment Insurance Ginovus’ headquarters is located in Indiana, one of 18 states that does not have a WorkShare program.   This topic is being considered in the 2018 legislative session however, and because the economy is humming along pretty well, adoption of such programming may not be this year’s legislative priority.  As history reminds […]

Utility Costs and Locating a New Manufacturing Facility

Utility Costs and Locating a New Manufacturing Facility

Utility Costs and Locating a New Manufacturing Facility T here are several key decision making factors when a manufacturing plant is considering a relocation or new facility expansion project.  Geographic placement is typically a driving factor, but shortly after on the list is labor availability and cost, access to transportation systems (highways, waterways) and utility […]

Indiana’s Next Level Jobs Training Initiative

Indiana’s Next Level Jobs Training Initiative

Indiana’s Next Level Jobs Training Initiative D eveloping a highly skilled Indiana workforce through education and training initiatives, such as the recently approved Next Level Jobs, continues to be a top priority for Governor Holcomb’s administration. Per the Governor’s agenda, more than 1 million jobs will need to be filled in Indiana over the next […]

Workplace Flexibility

Workplace Flexibility

Workplace Flexibility I n the past, the issue of workplace flexibility was largely a topic discussed in the context of work-life balance as it relates to young professionals and their prospect of having children.  It was mainly focused on how working parents, particularly mothers, would manage the challenge of pursuing a career and a growing […]

Attracting New Business to a Region

Attracting New Business to a Region

Attracting New Business to a Region M arketing a region is essential to the economic development process.  Along with the retention of existing businesses, the attraction of new business is fundamental in growing the economic base of any area.  Regional and state assets are viewed as a whole, not as individual cities or municipalities.  Therefore […]

Illinois and Its New EDGE

Illinois and Its New EDGE

Illinois and Its New EDGE E arlier this year, Illinois made national headlines as political battle lines were drawn over the State’s budgetary woes.  Many called into question the State’s solvency, and some even predicted an unprecedented bankruptcy due to a lack of much-needed pension reform.  As a result of the political and fiscal turmoil, […]

Construction and Economic Development

Construction and Economic Development

Construction and Economic Development T he construction industry is critically important to economic development markets across the nation.  This investment-led segment of economy develops the infrastructure that includes transportation, education, and health; all high ranking factors in economic development of a local community, region, state, or nation.  These types of infrastructure developments attract and retain […]

Selecting the Right Site Selection Partner

Selecting the Right Site Selection Partner

Selecting the Right Site Selection Partner When businesses are ready to launch mission critical projects and initiatives, it is vital for them to pick the right partner to help with the process.  In today’s world, organizations must focus on their core business.  As a result, most companies rely on outside expertise to help them accomplish […]

Empty Malls, Retail Bloodbath…..Or Not?

Empty Malls, Retail Bloodbath…..Or Not?

Empty Malls, Retail Bloodbath…..Or Not? W hen I was very young, one of the highlights of the year was my beloved Mamaw taking me to the L.S. Ayres store in downtown Indianapolis for a bit of back-to-school shopping.  The Ayres store, long-since closed, was a sight to behold…several floors of various colorful items and a […]

Workforce Challenges

Workforce Challenges

Workforce Challenges I t is no secret that one of the biggest challenges facing businesses today is the lack of a skilled labor force. Perhaps more accurately stated, the challenge is a huge mismatch in the jobs that are available compared to the workforce that is able to fill those jobs. The jobs that are […]

Tax Increment Financing: A Critically Important Tool in Economic Development

Tax Increment Financing: A Critically Important Tool in Economic Development

Tax Increment Financing: A Critically Important Tool in Economic Development T ax Increment Financing or TIF, is one of the most utilized and controversial economic development tools across the United States.  In its most common form, TIF is a tool that allows governmental entities to borrow against an area’s future tax revenues to make present […]

Data Centers:  Three Trends to Watch in 2017

Data Centers: Three Trends to Watch in 2017

Data Centers: Three Trends to Watch in 2017 K ey factors in selecting the right location for a data center nearly always include sourcing low-cost, reliable energy and determining the availability of adequate infrastructure.  In 2017, we are watching a few emerging trends that could change the landscape of the data center site selection process: […]

Job Creation Tax Credits

Job Creation Tax Credits

Job Creation Tax Credits J ob creation tax credits are commonly used by states as an economic development incentive to encourage employment opportunities in industry sectors government entities are interested in expanding.  Employers receive these funds based on creating and filling job openings.  In return, the state and/or local government expects it will receive income […]

How Do We Solve the Crisis of Long-Term Unemployment

How Do We Solve the Crisis of Long-Term Unemployment

How Do We Solve the Crisis of Long-Term Unemployment T he United States continues to struggle with helping people who have been chronically unemployed (including the homeless, ex-offenders and military veterans) for a lengthy period of time.  It is important to the future of our society and economy that we implement innovative ways to address […]

Renewable Solar Energy and Site Selection Decisions

Renewable Solar Energy and Site Selection Decisions

Renewable Solar Energy and Site Selection Decisions U tility costs are typically a key factor in site selection decisions and sustainability continues to be a source of discussion at the top of many corporate and governmental agendas and solar energy continues to be a leader in renewable energy solutions.  Top companies such as Target, Walmart, […]

Site Selection Factors Impacting the Medical Device and Diagnostic Industry

Site Selection Factors Impacting the Medical Device and Diagnostic Industry

Site Selection Factors Impacting the Medical Device and Diagnostic Industry As appeared in Trade and Industry Development Magazine The medical device and diagnostics industry is an over $65 billion annual global business sector. The industry is comprised of surgical appliances and supplies, medical instruments, electro-medical equipment, diagnostics substances, irradiation devices, dental and orthodontic appliances, diagnostics products, ophthalmic […]

Making Data Driven Site Selection Decisions: Location Modeling

Making Data Driven Site Selection Decisions: Location Modeling

Making Data Driven Site Selection Decisions: Location Modeling W hen determining the best location to consolidate, expand or locate facilities, a company has several important variables to consider and evaluate. A failure to prioritize and thoroughly research critical issues can lead to a poor site selection decision that will have long term ramifications for an […]

The Ginovus Journey – Celebrating 15 Years

The Ginovus Journey – Celebrating 15 Years

The Ginovus Journey – Celebrating 15 Years I n late 2001, after helping to successfully grow and sell a healthcare software firm, RealMed Corporation, Larry Gigerich found himself evaluating what he wanted to do next in life.  Prior to RealMed, he had built a solid reputation in economic development with the City of Indianapolis, State […]

New Administration.  New Policies.

New Administration. New Policies.

New Administration. New Policies. T he election is over and while I will not pontificate on personal political views, the reality is that there is a new administration that will undoubtedly bring about new policies and perspective that will impact economic development efforts nationally, regionally and locally. Our team has spent considerable time contemplating how […]

Today’s Students are Tomorrow’s Workforce

Today’s Students are Tomorrow’s Workforce

Today’s Students are Tomorrow’s Workforce Ask most economic development professionals or government leaders what one factor is most critical to economic growth and business attraction.  You will likely find that workforce quality and availability are at or near the top of the list.  As a result, state and local governments, with few exceptions, direct resources […]

The Light Rail Evaluation Continues

The Light Rail Evaluation Continues

The Light Rail Evaluation Continues Bus routes, trolleys, subways, and rail are established and expected means of mass transit in legacy cities such asNew York, Los Angeles, and Chicago.  However, the implementation of mass transit systems, in particular light rail, in mid-tier markets is picking up momentum.  Cities such as Charlotte, Cleveland, and Denver have successfully […]

2017 Legislative Preview

2017 Legislative Preview

2017 Legislative Preview At Ginovus, we monitor state legislatures for economic development policy changes in order to advise our clients with the most-up-to-date information affecting business climate, incentives, and ultimately, a location decision.  Please find below a legislative preview of several states that are expected to make economic development policy changes in the next year. […]

Corporate Relocation Decisions: Headlines Don’t Tell the Whole Story

Corporate Relocation Decisions: Headlines Don’t Tell the Whole Story

Corporate Relocation Decisions: Headlines Don’t Tell the Whole Story Headlines announcing corporate relocation stories boast both the positive (“City Gains 800 New Jobs”) and the negative (“1200 Jobs Moving to Mexico”) sides of a company’s decision to move from its current situation.  However, headlines don’t always tell the whole story as multiple factors typically are […]

Trump and Carrier Corp: The Deal That Saved 1,000 U.S. Jobs

Trump and Carrier Corp: The Deal That Saved 1,000 U.S. Jobs

Trump and Carrier Corp: The Deal That Saved 1,000 U.S. Jobs Top Site Selectors Interviewed on the Implications of the Carrier DealDecember 2, 2016 In early 2016, Carrier announced its intention to move 1,400 jobs from Indianapolis to Mexico and savings around $64 million a year in as a result.  Donald Trump used the movement […]

Site Decision and Tax & Regulatory Environments

Site Decision and Tax & Regulatory Environments

Site Decision and Tax & Regulatory Environments Often times in surveys, economic development incentives are not the number one factor as to why a company chooses a specific location to relocate or expand its operations.  Talent and business climate continue to rank as top factors year over year.  Economic development incentives help offset the project […]

e-Commerce Trends in the U.S. and Its Impact on Economic Development

e-Commerce Trends in the U.S. and Its Impact on Economic Development

e-Commerce Trends in the U.S. and Its Impact on Economic Development Technology has and will continue to impact our lives in numerous ways, from the way we shop to the way we work to the way we interact with our surroundings.  Some trends loom larger than others, particularly in that of the way we shop.  […]

Equity Investment Credits and Their Effect on Economic Development

Equity Investment Credits and Their Effect on Economic Development

Equity Investment Credits and Their Effect on Economic Development Economic development professionals are constantly evaluating projects to determine whether meaningful incentives may be available for a company’s relocation or expansion.  As a result, a particular focus is often placed on large corporate projects with the highest levels of job creation, capital investment, and opportunities for […]

Weighing In on Tax Increment Financing

Weighing In on Tax Increment Financing

Weighing In on Tax Increment Financing This week, Inside Indiana Business reported on the results of a University of Southern Indiana study, commissioned by the Indiana Economic Development Association (IEDA), which further supported the use of Tax Increment Financing (TIF) as a “beneficial tool” for economic development.  As is often the case with matters involving […]

Ginovus Congratulates the Area Development Gold & Silver Shovel Award Winners for 2016

Ginovus Congratulates the Area Development Gold & Silver Shovel Award Winners for 2016

Ginovus Congratulates the Area Development Gold & Silver Shovel Award Winners for 2016 Ginovus congratulates the Area Development Gold & Silver Shovel Award Winners for 2016.  We are pleased to have supported multiple projects on the 2016 list and look forward to our continued commitment to advising and assisting clients in site selection projects across […]

Ginovus Moving to Fishers

Ginovus Moving to Fishers

Ginovus Moving to Fishers As appeared in Inside Indiana Business, December 15, 2015 Posted: Dec 15, 2015 9:56 AM EST, Updated: Dec 15, 2015 9:56 AM EST By Alex Brown, Multimedia Journalist       Ginovus will move to The Switch building which will be completed next summer. FISHERS Indianapolis-based Ginovus will be moving to Fishers. The city […]

Labor Cost Vs. Quality

Labor Cost Vs. Quality

Labor Cost Vs. Quality As originally appeared in Ginovus In-Site, August 2015.   There is no doubt that labor costs remain a major factor in site selection decisions.  Labor costs have a significant impact on profitability of corporations today.However, lower labor costs overseas continue to drive some jobs out of the United States as employers are […]

Diversification for Survival: How the Automotive Industry Rebounds

Diversification for Survival: How the Automotive Industry Rebounds

Diversification for Survival: How the Automotive Industry Rebounds     Ford’s Kansas City Assembly Plant celebrates Job One, the official start of production of the all-new 2015 F-150. Photo by Sam Varnhagen   The risk mitigating benefit of diversification is an axiom that spans a multitude of applications.  From investing and finance to energy policy […]

Structuring Incentives to Maximize Value and Minimize Risk

Structuring Incentives to Maximize Value and Minimize Risk

Structuring Incentives to Maximize Value and Minimize Risk In evaluating incentives as part of a site selection decision, a great deal of attention is spent negotiating the aggregate dollar amount of the incentives committed to the project.  Less attention is often given to the equally important topic of structuring a potential incentive award to maximize […]

Canada – Favorable Taxes and Incentives

Canada – Favorable Taxes and Incentives

Canada – Favorable Taxes and Incentives REFERENCES ARTICLE FROM 2014 – OUTSIDE ARTICLE Originally appeared in The Journal of Multistate Taxation and Incentives(Thomson Reuters/Tax & Accounting)Volume 24, Number 8, November/December 2014   This article has been updated from its original form, which appeared in Location Canada 2013, a publication of Area Development. Canada is one of the world’s weathiest […]

Food Processing and Manufacturing – Trends Dictate Location Choices

Food Processing and Manufacturing – Trends Dictate Location Choices

Food Processing and Manufacturing – Trends Dictate Location Choices Site selectors look at a number of factors when analyzing and evaluating potential locations for clients and this includes clients in the food processing and manufacturing industry. One of those areas examined includes The Tax Foundation State Tax Climate Index. The Tax Foundation State Tax Climate […]

Why Corporate Headquarters Relocate

Why Corporate Headquarters Relocate

Why Corporate Headquarters Relocate What do Sears, General Electric, ConAgra Foods, Marriott and Motorola all have in common?  Yes, they are all publicly traded companies, and…? They all have either relocated their corporate headquarters or are in the process of location modeling and detailed analysis to do so.  Reflecting back to the late 1980s when […]

Advanced Manufacturing Changing the Economic Landscape

Advanced Manufacturing Changing the Economic Landscape

Advanced Manufacturing Changing the Economic Landscape Across the country, states and localities are working with manufacturers to create and grow outposts for advanced manufacturing. Dale D. Buss, Staff Editor,  (Q4 2015)   If American manufacturing is going to reassert worldwide leadership, the move will be based on bits and pixels. “Advanced” equipment, robotics, 3-D printing, cutting-edge processes, […]

The Importance of Energy and ICT Infrastructure in Site Selection as Cloud Computing Broadens

The Importance of Energy and ICT Infrastructure in Site Selection as Cloud Computing Broadens

The Importance of Energy and ICT Infrastructure in Site Selection as Cloud Computing Broadens Reliance on a community’s telecom and energy infrastructure has heightened the importance of these factors in the location decision-making process for both the providers and users of cloud computing services and the IoT. According to Bessemer Venture Partners’ “The State of […]

THE IMPACT OF NEW DISCLOSURES FOR TAX ABATEMENT

THE IMPACT OF NEW DISCLOSURES FOR TAX ABATEMENT

THE IMPACT OF NEW DISCLOSURES FOR TAX ABATEMENT Tax abatements are one of the most widely used economic development tools in the nation and often the cornerstone of local economic development efforts – but will a recent accounting pronouncement reduce or eliminate their use? In August of 2015, the Governmental Accounting Standards Board (GASB) issued […]

A RENAISSANCE IN CLEVELAND

A RENAISSANCE IN CLEVELAND

A RENAISSANCE IN CLEVELAND The Mistake by the Lake.  Not the most flattering description of a city and one the city of Cleveland is likely ready to leave behind.  Thankfully, from an economic development perspective this area is beginning to experience a rebound fueled by several diverse factors. Jobs & HousingAs recently as 2011, according […]

1,200 JOBS COMING TO TEXAS FINANCIAL CLUSTER

1,200 JOBS COMING TO TEXAS FINANCIAL CLUSTER

1,200 JOBS COMING TO TEXAS FINANCIAL CLUSTER Charles Schwab has announced the location of a new campus in Westlake, TX in the Dallas-Fort Worth metropolitan area.  The company anticipates creating at least 1,200 new jobs and investing $100 million on the 70 acre campus.  Schwab has leased temporary office in order to begin the hiring […]

INFRASTRUCTURE: THE BACKBONE TO GROW AN ECONOMY

INFRASTRUCTURE: THE BACKBONE TO GROW AN ECONOMY

INFRASTRUCTURE: THE BACKBONE TO GROW AN ECONOMY Borrowing a line from a favorite movie from many years ago, “If you build it, they will come…,” sums up the significant amount of activity around the new Ginovus corporate headquarters. What once was large, open grassy fields is now chock full of new mixed-use buildings, ornate streetscapes, public meeting […]