News

Palestine Main Street Property Marketing: ‘Imagine the Possibilities’

Tuesday, May 03, 2022

In partnership with the Texas Historical Commission, the Palestine Main Street Program will host its annual “Imagine the Possibilities” historic downtown property tour from 10 a.m. to 2 p.m. on Saturday, May 7, 2022. The event will kickoff from the Redlands Hotel lobby at 10 a.m. with a brief welcome message and the distribution of self-guided tour maps. “Imagine the Possibilities” is part of the Texas Historical Commission’s initiative, DowntownTX.org, which works to connect potential investors, entrepreneurs, developers, and residents with listed or potentially eligible properties for listing in the National Register of Historic Places. “Our previous tours have been wildly successful,&rdquo...

How Economic Development Projects Result in a High Return on Investment for the Community

Wednesday, March 23, 2022

Economic development directors are often asked exactly what it is that they do . . . or more directly: “where does the money go?” In a small town setting, it can be hard to decipher how dollars spent on items such as infrastructure not only lay the groundwork for a sustainable economic future but benefit the entire community at large. In the simplest terms, a local economy is built on money changing hands many times as it flows through the community to create overall prosperity enjoyed by all of its residents. Economic developers, business owners, and the community all play thei...

The 2021 Top States for Doing Business Reflect Their Locational Advantages

Tuesday, March 15, 2022

When we last took stock of Area Development’s Top States for Doing Business, it was a bit hard to gauge what “doing business” was even supposed to look like. In 2020, the country was riding one wave of COVID-19 after another, mixing times of turmoil and concern with ripples of reassurance and optimism. A year later, the country has undergone significant economic recovery, followed by another time of coronavirus concern. Still, amid the roller-coaster ride, there have been some significant high points and positive business headlines. Plenty of companies continue to grow, some of them dramatically, and with growth comes th...

The 2021 Governor’s Cups

Monday, March 14, 2022

Site Selection’s 2021 winners illustrate exactly why a per capita Governor’s Cup was added to this annual facilities race with the 2013 Governors’ Cups. The original Cup always recognized the state with the most qualified capital investment projects the previous calendar year. For eight years now, Site Selection has also recognized qualified projects per capita, bestowing an equally prestigious Cup on the state fitting that bill. As this year’s project tallies show, a state such as Kansas that would appear well outside the Top 10 states in total overall projects can find itself atop the per capita ranking with 139 projects...

Why These Texans Joined the Great Resignation

Thursday, March 10, 2022

Whether you teach kids, tend bar, make sales calls, develop apps, or do whatever else for a living, you may have spent some period of the last two years considering doing something new. The COVID-19 pandemic rewired the way many of us think about the relationship between our careers and the rest of our lives—sparking the “Great Resignation.” That term, coined by Texas A&M academic Anthony Klotz, describes a historic level of quitting and job changing throughout the country since April 2020, a month when four million people quit—the most since the Bureau of Labor Statistics started tracking resignations in 2000...

McKesson CEO says moving HQ to Texas was the right decision

Tuesday, March 01, 2022

In 2019, McKesson Corporation joined the seemingly constant wave of companies relocating from California to Texas. In McKesson’s case, the move took the headquarters of the 76,000-employee company from San Francisco to the Las Colinas master-planned development in Irving. Three years later, Brian Tyler — who ascended to the CEO post at McKesson in 2019 — has no regrets about the company’s relocation to Texas. In fact, he says Irving “was absolutely the right community for McKesson to call home.” Read full article.

The Trucking Action Plan Offers Help for Logistics and Distribution Industries

Monday, January 31, 2022

Palestine, Texas, is a distribution hub located at the intersection of five major highways which conveniently lead to the Dallas-Fort Worth, Houston, and Austin regions. Location coupled with available properties and buildings for relocation and expansion in the Willow Creek Business Park is why logistics and distribution are target industries for the City. A major component of distribution is the trucking industry, but it has been the source of bottlenecks in the supply chain as the economy ramps up after the slowdown caused by the pandemic. There are not enough drivers, a shortage that was experienced even before the pandemic becaus...