< Previous114 JANUARY 2019 SI T E S E L E C T IO NIndiana Economic Development CorporationOne North Capitol,Suite 700Indianapolis, IN 46204Jim SchellingerPRESIDENT317-232-8800Legislative Update• Indiana voters approved a balanced budget Amendment to the Indiana Constitution, obligating the General Assembly to spend less money in the state’s biennial budget than Indiana expects to collect in tax revenue. The amendment requires that lawmakers fully fund Indiana’s pre-paid pension obligations.• Sunday alcohol sales became legal for the rst time in state history when Gov. Holcomb signed Senate Bill 1 on February 28.• A supplemental education bill signed in March transfers up to $25 million from the state’s tuition reserve fund to the state general fund for 2018. Higher-than-expected enrollment had resulted in a $16-million education shortfall.iedc.in.gov“Indiana offers the certainty, stability and predictability that very few of our competitors can match.”— Gov. Eric Holcomb, in his State of the State address, January 9Higher Ed. R&D Expenditure: $1,462,495Number of NCRCs: 134,147 | Percent Improvement 2017-2018: 4.3%Business Tax Climate Rank Change 2018-2019: -1Lowest Electric Power Cost (cents/kWh): 7.20Fiscal Condition Index Rank2018 Workers’ Comp Index Rate: 0.87GDP18th2017 GDP(in millions of current US$)$321,137.5-1.0-0.50.00.51.01.52.02.53.020172016201520142013IndianaPop. (2018): 6,762,374 Pop. growth 2018–2023: 0.52%Median household income: $53,531 Median age: 38Credit Rating: AAA/Stable Right-to-work state: YesDid You Know?Indianapolis International Airport added nonstop service in 2018 to Sarasota, Austin, Philadelphia and Charleston. The airport now offers nonstop ights to 51 destinations in the U.S., Caribbean and Europe.Lehigh Hanson, the Texas-based cement supplier, announced plans for a $600-million expansion of its cement plant in Mitchell. The plant has been in operation since 1902.Vice President Mike Pence, Indiana’s former governor, hosted “The Mike Pence Show” on radio before being elected to the House of Representatives in 2000.Selected Corporate Facility Projects 2018 NEW/ INVESTMENTCOMPANY CITY COUNTY TYPE EXPANDED PRODUCT (US$ M) EMPFedex Indianapolis Marion DW E Transport & Logistics 1,500 United States Steel Gary Lake MF E Metals 750 Hanson Lehigh Mitchell Lawrence MF N Machinery, Equip. & Const. 600 50Poet Shelbyville Shelby MF N Chemicals & Plastics 160 45Frito-Lay Frankfort Clinton MF E Food & Beverage 159 50NTN Driveshaft Columbus Bartholomew MF E Automotive 90 100Kar Auction Services Carmel Hamilton HQ N Automotive 80 400Monosol Lebanon Boone MF N Chemicals & Plastics 72 89SMC Corp. Of America Noblesville Hamilton MF/DW/HQ E Machinery, Equip. & Const. 67 92Sazerac Co. New Albany Floyd MF N Food & Beverage 66 110Niagara Bottling Jeffersonville Clark MF N Food & Beverage 56 49Nippon Steel & Sumitomo Metal Corp. Shelbyville Shelby MF N Metals 50 70DT = Data Center | MF = Manufacturing | OF = Of ce | HQ = Headquarters | RD = Research & Development | DW = Distribution/Warehouse116 JANUARY 2019 SI T E S E L E C T IO NIowa Economic Development Authority200 E. Grand Ave.Des Moines, IA 50309Debi DurhamEXECUTIVE DIRECTOR515-348-6200Legislative Update• Senate File 2417 is a bill relating to state and local revenue and nance. Signed into law in May, it modi es the individual and corporate income taxes, the franchise tax, tax credits, the sales and use taxes and local option sales tax, the hotel and motel excise tax, the automobile rental excise tax and the Iowa Educational Savings Plan Trust.• House File 2478 is an Act amending the sales tax imposed on certain machinery, equipment, attachments, and replacement parts used in construction.• Senate File 2353 is an Act relating to the membership and duties of the state and local workforce development boards and related responsibilities of the department of workforce development and including effective date provisions.• Future Ready Iowa, signed into law April 3rd, is the governor’s plan to train Iowans for the jobs of today and tomorrow. The goal of Future Ready Iowa is 70 percent of Iowa workers having education or training beyond high school by 2025. In order to reach that goal, another 127,700 Iowans need to earn post-secondary degrees or other credentials.iowaeconomicdevelopment.com“This bill changes lives by helping Iowans earn credentials that prepare them for rewarding careers in advanced manufacturing, computer science, nance, health care and many other elds. This bill also helps employers hire the skilled workers they need to grow, which means Iowa communities will be even more prosperous.”— Gov. Kim Reynolds on April 3rd in Des Moines, signing the Future Ready Iowa bill into law.GDP30th2017 GDP(in millions of current US$)$169,233.4-1012345620172016201520142013Did You Know?Products produced from corn in Iowa include fuels, oils, pharmaceuticals, sweeteners, starches & compounds, plastics and carbon dioxide gas.In 2017, Iowa exported $170 million in pharmaceutical products to 60 countries. Top export markets were Mexico ($24.9 million), Canada ($23.1 million), Japan ($17.5 million), Spain ($14.4 million) and Singapore ($12.7 million). (GTIS, 2018).Iowa has the 16th highest concentration of biological technicians in the country, with 23 percent more than the national average (Bureau of Labor Statistics, 2017).Selected Corporate Facility Projects 2018 NEW/ INVESTMENTCOMPANY CITY COUNTY TYPE EXPANDED PRODUCT (US$ M) EMPArcher-Daniels-Midland Co. Clinton Clinton MF E Food & Beverage 196 Elite Octane Atlantic Cass MF N Chemicals & Plastics 190 45East Penn Manufacturing Co. Corydon Wayne MF E Electronics 171 204Burke Marketing Corp. Nevada Story MF E Food & Beverage 150 210Michael Foods Norwalk Warren MF N Food & Beverage 85 100Golden Grain Energy, Llc Mason City Cerro Gordo MF E Chemicals & Plastics 46 Tyson Fresh Meats Perry Dallas MF E Food & Beverage 44 Transamerica Corp. Cedar Rapids Linn OF E Business & Financial Services 40 Imt Insurance Co. West Des Moines Polk HQ N Business & Financial Services 37 33Casey’S Retail Co. Ankeny Polk HQ E Transport & Logistics 35 101Deere & Co. Urbandale Polk RD N Machinery, Equip. & Const. 33 513M Co. Knoxville Marion MF E Chemicals & Plastics 32 30DT = Data Center | MF = Manufacturing | OF = Of ce | HQ = Headquarters | RD = Research & Development | DW = Distribution/WarehouseFiscal Condition Index RankHigher Ed. R&D Expenditure: $830,587Number of NCRCs: 119,363 | Percent Improvement 2017-2018: 14.4%Business Tax Climate Rank Change 2018-2019: +1Lowest Electric Power Cost (cents/kWh): 7.592018 Workers’ Comp Index Rate: 1.64IowaPop. (2018): 3,219,046 Pop. growth 2018–2023: 0.63%Median household income: $56,647 Median age: 39Credit Rating: AAA/Stable Right-to-work state: Yes118 JANUARY 2019 SI T E S E L E C T IO NKansas Department of Commerce1000 S.W. Jackson St.,Suite 100Topeka, KS 66612Antonio SoaveSECRETARY785-296-3481Legislative Update• Gov. Colyer signed education funding bill SB 423 into law. It appropriates• $26 million for state foundation aid payments, in addition to already-approved funding.• $32.4 million for special education services aid, in addition to already-approved funding.• $6 million for supplemental state aid payments, in addition to already-approved funding.• $2.8 million for the ACT and ACT WorkKeys assessments. The ACT WorkKeys assessments allow students in grades 9-12 to earn a national career readiness certi cate.• $500,000 for the mentor teacher program for the 2018-2019 school year.Kansascommerce.com“Kansas faces a problem with out-migration — especially with our young people. I want to make Kansas a safe, welcoming place to all people. It’s how we attract new people and businesses to the state and keep them here.”— Gov.-elect Laura Kelly, in the University Daily Kansan, Aug. 29 2018Higher Ed. R&D Expenditure: $577,566Number of NCRCs: 34,850 | Percent Improvement 2017-2018: 25.6%Business Tax Climate Rank Change 2018-2019: 0Lowest Electric Power Cost (cents/kWh): 7.78Fiscal Condition Index Rank2018 Workers’ Comp Index Rate: 1.15GDP32nd2017 GDP(in millions of current US$)$148,480.90.00.51.01.52.02.520172016201520142013KansasPop. (2018): 2,970,536 Pop. growth 2018–2023: 0.41%Median household income: $54,954 Median age: 37Credit Rating: AA-/Stable Right-to-work state: YesDid You Know?The top ve private industry employers in Kansas are Koch Industries, Wichita, 70,000; Butler Transport, Kansas City, 48,000; Dillons Supermarkets, Hutchinson, 47,000; Synergy Group, Overland Park, 40,000; and YRC Worldwide, Overland Park, 32,000.The Kansas bioscience industry employs more than 14,000 people across more than 800 establishments, with a heavy concentration of agricultural feedstock and chemicals, and in research, testing and medical labs.Kansas companies export $2.7 billion in aerospace products annually. This is 23.8 percent of the state’s total exports.Selected Corporate Facility Projects 2018 NEW/ INVESTMENTCOMPANY CITY COUNTY TYPE EXPANDED PRODUCT (US$ M) EMPShamrock Trading Corp. Overland Park Johnson OF N Transport & Logistics 250 1,000Icm / Andersons Colwich Sedgwick MF N Energy 175 Peter Kiewit Sons’ Lenexa Johnson HQ N Machinery, Equip. & Const. 50 Camso/ Camso Manufacturing USA Junction City Geary MF N Machinery, Equip. & Const. 36 35Geico Corp. Lenexa Johnson OF N Business & Financial Services 10 500Shape Technologies Group Parent Holdings. Baxter Springs Cherokee MF E Machinery, Equip. & Const. 10 Cargill. Emporia Lyon DW E Food & Beverage 4 American Construction Metals Shawnee Johnson MF/DW E Metals 100Hopkins Manufacturing Corp. Edgerton Johnson DW N Automotive 100Great Plains Manufacturing Abilene Dickinson MF N Machinery, Equip. & Const. 200Turn 5 Lenexa Johnson DW N Automotive 100Overstock.Com Kansas City Wyandotte DW N Transport & Logistics 100DT = Data Center | MF = Manufacturing | OF = Of ce | HQ = Headquarters | RD = Research & Development | DW = Distribution/Warehouse120 JANUARY 2019 SI T E S E L E C T IO NKentucky Cabinet for Economic DevelopmentOld Capitol Annex300 W. BroadwayFrankfort, KY 40601Terry GillSECRETARY502-564-7670Legislative Update• HB 557, the Cabinet for Economic Development Omnibus Amendment Bill, abolishes the Kentucky Environmental Stewardship Act, the state strategic plan for economic development, the Agricultural Warehousing Sites Cleanup Fund and the Signature Project Loan Support Program. It combines the BSSC Skills Training Investment Credit and Grant in Aid programs, and it sunsets the Skills Training Investment Credit program as it currently exists. • In addition, the bill sunsets the Incentives for Energy Independence Act but rolls the program into the two most popular incentive programs: the Kentucky Business Investment program and the Kentucky Enterprise Initiative Act. It amends the Economic Development Bond program statute to include service and technology and headquarters projects.Thinkkentucky.com“The steel and primary metals industries are a driving force behind the commonwealth’s surging economy, and this announcement re ects the distinct advantages we have to offer engineering and manufacturing companies.”— Gov. Matt Bevin on September 7th, as Nucor Corporation announced a $650-million, 70-job expansion at its mill near Ghent.Higher Ed. R&D Expenditure: $582,404Number of NCRCs: 156,347 | Percent Improvement 2017-2018: 4.3%Business Tax Climate Rank Change 2018-2019: +16Lowest Electric Power Cost (cents/kWh): 5.50Fiscal Condition Index Rank2018 Workers’ Comp Index Rate: 1.51GDP29th2017 GDP(in millions of current US$)$184,682.90.00.51.01.52.020172016201520142013KentuckyPop. (2018): 4,548,018 Pop. growth 2018–2023: 0.51%Median household income: $47,571 Median age: 40Credit Rating: A/Stable Right-to-work state: YesDid You Know?Kentucky’s acreage of planted hemp jumped from 2,300 acres in 2016 to 3,200 in 2017, to 6,700 in 2018. That ranks Kentucky as a national leader, second only to Colorado.Over the next 10 years, employment in Kentucky is projected to expand by 92,396 jobs. The fastest growing sector in the region is expected to be Healthcare and Social Assistance with a +1.5-percent year-over-year rate of growth. Kentucky is home to more than 300 food and beverage facilities that provide products and services used globally and employ 50,000 Kentuckians.Selected Corporate Facility Projects 2018 NEW/ INVESTMENTCOMPANY CITY COUNTY TYPE EXPANDED PRODUCT (US$ M) EMPBraidy Industries South Shore Greenup MF N Metals 1,500 600Beam Suntory Bullitt MF E Food & Beverage 585 5Mark Maker’S Distillery Loretto Marion MF E Food & Beverage 495 36Novelis Guthrie Todd MF N Metals 300 125Global Win Wickliffe Wickliffe Ballard MF E Paper, Printing & Packaging 150 500Century Aluminum Co. Hawesville Hancock MF E Metals 116 250Excel Mining Pikeville Pike MF E Energy 74 Independent Stave Co. Morehead Muhlenberg MF N Wood Products 67 220Veloxint Corp. Grayson Carter MF N Metals 60 100Dae-Il Corp. Murray Calloway MF N Machinery, Equip. & Const. 50 120Hydroponic Farms USA Jackson Mercer MF/DW N Food & Beverage 45 120DT = Data Center | MF = Manufacturing | OF = Of ce | HQ = Headquarters | RD = Research & Development | DW = Distribution/Warehouse122 JANUARY 2019 SI T E S E L E C T IO NLouisiana Economic Development617 North Third StreetBaton Rouge, LA 70802Don PiersonSECRETARY ED225-342-3000Legislative Update• Louisiana faced a $648 million budget gap when temporary taxes expired June 30. The state’s income forecasting panel originally estimated a $994 million shortfall but reduced the estimate to $648 million April 12 due to changes expected from federal tax code amendments.• Gov. Edwards encouraged lawmakers to extend the temporary taxes or establish new revenue sources to avoid cuts in state spending. Lawmakers were unable to agree on tax and spending measures in a special session from February 19 to March 5. In a second special session from May 22 to June 4, legislators approved HB 1, a $28.5 billion operating budget that fully funded healthcare services, the judiciary, and the legislature but required $500 million in spending cuts. HB 1 reduced education funding by $96 million and funded 70 percent of the TOPS state scholarship program for the 2018-2019 school year.• In a third special session from June 18 to June 24, lawmakers approved a sales tax measure to extend a temporary sales tax rate at 4.45 percent through 2025.OpportunityLouisiana.com“We’re excited to be bringing a company with the global reach of Western Global Airlines to Shreveport, where this project will boost the regional economy and provide compelling new career opportunities for our talented workforce.”— Gov. John Bel Edwards on May 8th as Western Global Airlines announced a $3-million aircraft maintenance facility at Shreveport Regional Airport that will create 170 new jobsGDP24th2017 GDP(in millions of current US$)$226,612.5-3-2-1012320172016201520142013LouisianaPop. (2018): 4,825,121 Pop. growth 2018–2023: 0.63%Median household income: $45,256 Median age: 37Credit Rating: AA-/Stable Right-to-work state: YesHigher Ed. R&D Expenditure: $691,888Number of NCRCs: 114,342 | Percent Improvement 2017-2018: 31.9%Business Tax Climate Rank Change 2018-2019: 0Lowest Electric Power Cost (cents/kWh): 5.12Fiscal Condition Index Rank2018 Workers’ Comp Index Rate: 2.05 S I T E S E L E C T I O N JANUARY 2019 1232017 GDP(in millions of current US$)$275,571.8-1.0-0.8-0.6-0.4-0.20.00.20.40.60.81.01.220172016201520142013GDP22ndMissouri Dept. of Econ. Dev.Box 1157Jefferson City, MO 65101Rob DixonDIRECTOR573-751-4770ded.mo.gov“Missouri is home to over 650 global companies, which supply over 49,000 good paying jobs in our manufacturing sector. By signing this open investment policy, we are reaf rming our commitment to both existing and potential businesses and expanding access to jobs.”— Gov. Mike Parson on October 24th on signing Missouri’s first Open Investment Policy statement, welcoming foreign direct investment to the stateLegislative Update• The Missouri House of Representatives passed House Bill (HB) 2540, which would reduce the corporate and top individual income tax rates to 5 percent and raise state Department of Motor Vehicle (DMV) fees. The revenue would fund improvements to transportation infrastructure. Governor Mike Parson signed the bill on July 12th.• A budget billed signed into law June 29th included a $99 million increase to K-12 education and funding to raise public employee payFiscal Condition Index RankHigher Ed. R&D Expenditure: $1,149,385Number of NCRCs: 112,050 | Percent Improvement 2017-2018: 18.8%Business Tax Climate Rank Change 2018-2019: +1Lowest Electric Power Cost (cents/kWh): 6.902018 Workers’ Comp Index Rate: 1.68MissouriPop. (2018): 6,223,738 Pop. growth 2018–2023: 0.47%Median household income: $52,772 Median age: 39Credit Rating: AAA/Stable Right-to-work state: YesFiscal Condition Index RankDept. of Housing and Econ. Dev.One Ashburton Place,Room 2101Boston, MA 02108Jay AshSECRETARY617-788-3610mass.gov/hed“This legislation unleashes valuable opportunities for investments in the development of revolutionary new technologies and community-based innovation, connecting every region of the commonwealth to the innovation economy.”— Gov. Charlie Baker, on signing An Act Relative to Job Creation and Workforce Development, in Boston on August 10th.Legislative Update• On August 10th, Governor Charlie Baker signed economic development legislation into law. An Act Relative to Job Creation and Workforce Development is organized around four main themes: community development, workforce development, innovation, and economic competitiveness. It provides new capital funding for local infrastructure, Brown elds site cleanup, Gateway Cities development, site assembly and site readiness, workforce development, emerging technologies, and community-based innovation.• The legislation also reforms the state’s smart growth housing toolbox, streamlines the state’s Economic Development Incentive Program, and allows for the expansion of Boston’s Conley cargo terminal. And it updates obsolete liquor laws, ensuring that Massachusetts farmer-wineries will continue to be able to sell their products on their own premises.2017 GDP(in millions of current US$)$490,174.60.00.51.01.52.02.53.03.54.020172016201520142013GDP10thHigher Ed. R&D Expenditure: $3,927,934Number of NCRCs: 950 | Percent Improvement 2017-2018: 15.6%Business Tax Climate Rank Change 2018-2019: -2Lowest Electric Power Cost (cents/kWh): 14.57Fiscal Condition Index Rank2018 Workers’ Comp Index Rate: 1.37Massachusetts Pop. (2018): 6,925,129 Pop. growth 2018–2023: 0.64%Median household income: $77,518 Median age: 40Credit Rating: AA/Stable Right-to-work state: NoNext >