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Posts Tagged ‘economic development’

New Effort Advances to Ease HUBZone Requirements at BRAC Sites

  • May 3, 2015
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The House Armed Services Committee last week added language to the fiscal 2016 defense authorization bill that would make it easier for tenants located at closed installations to qualify for the Small Business Administration’s HUBZone program, the first step in the most recent effort by Maine’s congressional delegation to support the reuse project at the former Brunswick Naval Air Station. Maine Rep. Bruce Poliquin sponsored the amendment which would allow a business to qualify for the HUBZone program — an initiative offering preferential access to federal procurements to businesses in distressed areas — if 35 percent of its employees live within a 25-mile radius of the closed installation. BRAC installations currently are designated as HUBZones for five years after they are formally closed. For a particular business to qualify for the program, however, 35 percent of its employees must live on the closed base, a threshold that is virtually unattainable …

San Antonio Fosters Cybersecurity Cluster

  • April 29, 2015
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San Antonio is cultivating the largest military and civilian federal cybersecurity hub outside the Washington metro region, marked by growth in the number of companies serving the market and highly-rated university programs, according to the San Antonio Economic Development Foundation. The military components of the city’s cybersecurity cluster are anchored by the 24th and 25th Air Force at Joint Base San Antonio-Lackland, and the National Security Agency Texas. The 24th Air Force safeguards key components of DOD’s information networks and employs more than 1,300 people. U.S. Cyber Command officials last year said up to 1,000 additional personnel will be coming to San Antonio in the next three years to support the department’s cybersecurity mission. “The strength of San Antonio’s cybersecurity industry is evident in the community’s commitment to grow and foster a sector for which it is ideally suited,” said John Dickson, principal at the San Antonio-based Denim Group …

Northwestern Ohio Officials Develop Workforce Vision

  • April 20, 2015
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Officials in northwest Ohio last week held a two-day workshop to generate ideas to expand job creation opportunities and assist businesses and workers harmed by defense cutbacks at the Joint Systems Manufacturing Center in Lima. The participants first learned that existing workforce development efforts in Allen County have a cohesive structure, according to Future iQ Partners, the consultant hired by the county through a $220,000 grant from the Office of Economic Adjustment. “You don’t have dysfunction here,” said David Beurle, the firm’s CEO. “You’re not broken … and you’re not starting at zero. You’ve got momentum …

Tourism Zone to Provide Development Incentives at Ft. Monroe

  • April 12, 2015
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The Hampton City Council last week created a tourism zone at the former Fort Monroe, Va., a designation providing tax incentives and financing options for hotels, restaurants and other tourism-related projects. The council established two zones, covering multiple neighborhoods. “Those areas are ripe for tourism-related growth and development,” said Hampton Economic Development Director Leonard Sledge. The most significant incentive localities can offer a developer under the state initiative is a tax arrangement covering up to 30 percent of a project’s total construction cost …

Grissom Prepared for Takeoff

  • April 1, 2015
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The newly formed Grissom Regional Defense Alliance has declared that the active and redevelopment missions at the north-central Indiana site are ready to grow. Grissom Air Reserve Base is prepared to take on more military personnel, while Grissom Aeroplex, the business park adjacent to the base, is poised to attract major defense and aerospace companies. The alliance was formed last month as a subcommittee of the Miami County Economic Development Authority. The alliance has started a campaign to increase activity at the base and the business park that could transform the area into a bigger economic powerhouse …

Navy Reaches Penultimate Step in Horsham Environmental Review Process

  • March 22, 2015
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A final environmental impact statement (EIS), which favors the local redevelopment authority’s reuse plan, has been issued by the Navy …

Three Finalists Make Pitch for Concord Redevelopment

  • March 19, 2015
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Three real estate companies competing to be the master developer of the former Concord Naval Weapons Station presented their proposals to the LRA on Saturday. Catellus Development Corp., Lennar Urban and SunCal have offered proposals for what is described as one of the largest projects in the Bay Area …

GAO: Improve BRAC Homeless Assistance Process

  • March 18, 2015
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During the 2005 BRAC homeless assistance process, it took the U.S. Department of Housing and Urban Development (HUD) an average of 666 days to approve the 51 redevelopment plans that included notices of interest for homeless assistance, adding to the delay in providing homeless assistance in base closure communities and slowing the base reuse process, according to a new Government Accountability Office (GAO) report. …

Fort Ord Panel OKs Economic Development Plan

  • March 18, 2015
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The Fort Ord Reuse Authority late last week approved a $250,000 economic development plan for the former Army base in Monterey County, California. As part of the plan, the authority will hire a development coordinator, donate to California State University Monterey Bay entrepreneur events, join an economic partnership and assign staff resources to the effort. …

DOD Grant Helps South Carolina Defense Firms Diversify

  • March 16, 2015
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Two state agencies in South Carolina are helping defense businesses diversify into other industries through a $700,000 grant from DOD’s Office of Economic Adjustment. The initiative — offered through the Department of Employment and Workforce and the Department of Commerce — is intended to help businesses in the defense industry prepare for reductions in spending by DOD. The program offers companies support in strategic planning, sales and marketing, lean product development and quality certifications, reported GSA Business. Two industries that defense firms are being encouraged to pursue are aerospace and automotive …

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