ECONOMIC DEVELOPMENT

Private Sector Development

We have found that confidentiality and discretion ensures success.  MCR provides the owner, broker or investor a knowledgeable team member to develop:

  • Request for information (RFI) for multi-state searches
  • Interview state and local economic development organization to ascertain capacity
  • Utilities, their role in economic development, rate reductions and rebates
  • Identify all eligible incentives in state and local communities
  • Bond financing for capital expenditures
  • Resolve barriers to planning, zoning and site platting

Public Sector Development

States, Cities, Towns, and government municipalities

We believe that every community wants to have the best, most efficient economic development, redevelopment and planning departments. We empathize with your challenges as a community leader and understand the need for balance in your project management approaches.

MCR can help you with that balance.  If you require representation with potential investors, reviewing their deal and providing technical reports is of the utmost importance. Our agenda is your community, and as such, we believe that all parties including, gas, electric, water, land owners and overlapping taxing districts have a responsibility to partner and support you as a community leader to grow investment, jobs and development.

►How can MCR help you get through the red tape? 

  • We understand that property procurement and investment is a sensitive and complex process.
  • Develop Non-Disclosure Agreements for specific properties, review status of properties with regard to solvency, tenancy, taxes and liens.
  • Identify ownership structure of properties as well as approval authority in LLCs, partnerships and trusts
  • Direct interface with owners and brokers (if requested by owner) regarding desire to sell as well as asking pricing and property specifics
  • Working with your finance and accounting personnel to determine project risk and opportunities
  • Meetings with Cities and Towns regarding properties owned and controlled for sale included pricing and procurement process
  • Develop project finance incentives including tax impact statements
  • Working with your office, make recommendations for projects relative to feasibility, timeline, local financial participation and other leverage sources
  • Public hearing, testimony and project closing

►What are Businesses looking for during Site Selection?

Below are the top 10 criteria as reported by Area Development Magazine Consultant's Survey 

 

    • Availability of skilled labor
    • Labor costs
    • Proximity to major markets
    • State and local incentives
    • Availability of buildings
    • Highway access
    • Available land
    • Tax exemptions
    • Fast track permitting
    • Supply chain costs

 

Corporate Survey Results: Site Selection Factors

  1. Can your State, City or Town  provide what's necessary? 
  2. We Have Found The Top Three Site Selection Factors Are As Follows:
  3. Labor — quality and availability
  4. Cost — employees, real estate, overall occupancy (including taxes, and capital and carrying costs)
  5. Accessibility — logistics and supply chain networks, access to markets
  6. Let MCR help you be that community that is prepared for the challenging questions. We are your partner from site selection to development.