Blog category: AEPED Services

AEP Ranks as a Top Utility for Site Selection Again in 2021

September 2, 2021 / Robb Watson

Site Selection magazine has named AEP a top utility for economic development in its 2021 ranking. The annual ranking is based on the company’s corporate project investment and job creation on a cumulative and per-capita basis. “Year after year, our team of economic development professionals create economic activity that provide opportunities for everyone,” said Tim…

AEP Joins Reshoring Institute and Reshoring Initiative to Bring Manufacturing and Services Back to the U.S.

February 1, 2021 / American Electric Power

February 2, 2021 Stepping up our efforts to help our customers and suppliers grow and expand, AEP’s Economic & Business Development (AEPED) team today announced partnerships with the Reshoring Institute and the Reshoring Initiative to help relocate overseas production operations back to the U.S. The announcement comes as American companies look for solutions in the…

Site Selection & Utility Economic Development Incentives: Here’s What You Need to Know

September 23, 2020 / Ashley Savieo, CEcD

Once you’ve narrowed your site search geographically and identified prospective properties that meet your needs, you may look for differentiators to help narrow your options further. Depending on your project, incentives could be the deal-maker or the deal-breaker. I’ve helped dozens of new and expanding companies explore and secure our Economic Development Rider (EDR) in…

AEPED Celebrates Another Successful SelectUSA Investment Summit

July 2, 2018 / Emily Smith

The AEP Economic & Business Development Team participated in the 5th annual SelectUSA Investment Summit June 20-22nd, 2018 in Washington, D.C. Hosted by the U.S. Department of Commerce, SelectUSA was created to invite and encourage potential foreign investment to the United States.  This year, over 1,200 international firm attendees from 66 countries and more than…

Utility Incentives Drive Economic Development

October 13, 2017 / Ashley Savieo, CEcD

Working with a utility partner on your site selection process provides numerous benefits — a knowledgeable economic development team, local insights and partnerships, and, of course, energy expertise. Many large electric utilities also offer incentives to their clients. Incentives offered by electric utilities, which are sometimes referred to as riders, typically offer 2 to 5…

Driving the “The Science of Where” in Economic Development – Key Takeways from the ESRI User Conference

July 21, 2017 / Robb Watson

Geographic Information Systems (GIS) plays an invaluable role for the AEPED team, enabling us to integrate, analyze and visualize data to support economic development throughout our service territory. Using the Esri ArcGIS Platform, we can perform a wide range of spatial tasks, from online business research to complex desktop spatial analysis. During the week of…

SelectUSA India Road Show

May 5, 2017 / admin@adept

AEPED joined the SelectUSA 2017 India Roadshow in March on its visit to New Delhi, Ahmedabad and Bangalore. Nearly 300 participants from Indian firms attended, approximately 100 in each city. During the events, Indian investors connected with U.S. economic development organizations (EDOs), U.S. government officials and investment, legal and financial experts. Seminars were held in…

Area Development’s Critical Site Selection Factors

February 1, 2017 / admin@adept

Over the past few months, Area Development Magazine has published its latest look at the top factors in site selection. While the specific criteria can vary project to project, here’s a summary of the ten most important location drivers as voted on by the magazine’s readers. Energy Availability and Costs Energy availability and costs is…

Calculating Return on Investment Made Easy

October 20, 2016 / admin@adept

Indiana Michigan Power (I&M) has launched a unique ROI Selection Tool available through its website to aid in the corporate site selection process.  This one-of-a-kind benchmarking tool compares the cost of doing business in I&M-served cities in Indiana and Michigan versus any city or metro in the United States. The ROI calculator provides a high level…

Why Economic Development?

July 19, 2016 / admin@adept

Why is a power company involved in the business of economic development? We are committed to doing our part to ensure our communities remain vibrant and strong. Building strong, healthy communities requires an investment that goes beyond monetary resources. AEP’s Economic and Business Development team puts its expertise and connections to work, helping local communities…