Big Investment? How About $100 Billion in Savings?
NIST engineer Jeremy Marvel adjusts a robotic arm used to study human-robot interactions.
Photo by F. Webber courtesy of NIST
“Gaps in the technology infrastructure — including the lack of reliable measurement and test methods, scientifically based standards, and other formal knowledge and tools — limit advanced manufacturing’s further development and adoption,” said National Institute of Standards and Technology economist Gary Anderson in November of four studies prepared by RTI International, an independent nonprofit research institute. And spanning those gaps could save major money. For example, establishing industry-wide standards and measurements for the inks and substrates used in roll-to-roll (R2R) manufacturing — the fabrication of electronic devices on a roll of flexible plastic or metal — is projected to reduce production costs by 15 percent. For each of the four advanced manufacturing technologies studied, the estimated annual cost savings and percentage reduction in production costs are:
“If we consider the larger-scale outcomes brought about by meeting these needs — such as new and improved products, increased production quality, long-term industry growth and job creation — the impacts would be significantly higher,” Anderson said. Among the needs that must be met to realize both of these benefits, the researchers said in a release, is increasing access by small- and medium-sized manufacturers to the same state-of-the-art methods, tools and knowledge as their larger counterparts.
Lehigh Valley, Pennsylvania
Cape Coral: A Market on the Rise
According to recent census data, Cape Coral, Florida’s population jumped by 14%, to more than 175,000 year-round residents. With an average of 266 days of sunshine a year, it’s no wonder Cape Coral continues to grow with rapid speed.
Cape Coral is also home to the largest population of burrowing owls in Florida, a big draw for birders and photographers from around the world.
Forbes Magazine reports the Cape Coral MSA ranks No. 1 in the nation for recent job growth, noting that the arts, entertainment, recreation and construction industries are more than double the national average (July 2016). As the largest city in Southwest Florida, Moody’s Analytics consistently ranks the Cape Coral MSA in the top 10 U.S. areas for future job growth.
CEO’s from across the country point to Florida as the No. 2 best state in the nation for doing business, thanks in large part, to fewer restrictions and no state income tax (Chief Executive Magazine, 2016). The sunshine state is known for its pro-business tax policies, competitive cost of doing business and streamlined regulatory environment.
A Few Things to Know About Cape Coral:
This community is home to nearly 400 miles of navigable canals —more than anywhere else in the world — making it ideal for marine services, ecotourism, and more
As the 10th largest city in Florida, Cape Coral is home to a large, talented workforce backed by stellar workforce training programs
Home to state-of-the-art water and utilities infrastructure
Projected to grow to more than 400,000; only 47% built out today with room to grow
Ideally suited for medical, light manufacturing, corporate headquarters and back office operations
New high-end conference center being built at the waterfront Westin Resort will be another draw for business leaders from around the world
Today’s market conditions are ripe for investing in and relocating your business to Cape Coral. Let our Economic Development Team help you get started in finding the ideal site today.
From its stunning topography to diverse workforce, Peoria, Arizona is becoming an increasingly popular place to live, work and invest. Peoria is in a unique position. It is a growing city with a thriving business community, a high-quality workforce, a large portfolio of biomedical startups, dozens of premiere sites for investors and developers, and opportunities for public-private partnerships. Peoria is strategically developing its economy to compete for local, national and global business. With a supportive mayor and highly involved city council driving the economic development strategies, Peoria’s leaders are not only taking control of their future, they are creating it.
By adopting an aggressive economic development strategy, Peoria has attracted smart people and smart businesses.
Adopting such an aggressive strategy has allowed the city to attract smart people and smart businesses to the area. Additionally, Peoria is by far the low-cost option for both business and workforce attraction costs, when compared to: Austin, Texas; Dallas, Texas; Denver, Colorado; Los Angeles, California; Salt Lake City, Utah; San Diego, California; and San Francisco, California.
Having an available, high quality workforce is essential in today’s competitive business environment. Peoria has an abundant, educated workforce within a 20-minute drive from most major employment centers in the Phoenix metropolitan area. The average professional in and around Peoria is young, approximately 35 years old, with a college degree. With many more working years left, these entrepreneurs and professionals dominate today’s workforce. A strong and talented workforce makes the relocation and/or expansion decision easier for investors and businesses that are ready to make a smart move.
Peoria was recently ranked number seven on the America’s 50 Best Cities to Live list for Yahoo Finance, and for good reason. With a high quality of life, many development opportunities, and targeted workforce initiatives, Peoria is a great place to live and work for families, professionals and business owners alike.
Investors and developers are encouraged to visit www.peoriaed.com/invest for Peoria’s real estate, partnership, business location, and investment opportunities.