< Previous166 MAY 2024 SITE SELECTION CALI Invest Pacific https://investpacific.org/en MEDELLÍN ACI, Invest in Medellín https://acimedellin.org/?lang=en COSTA RICA CINDE Costa Rican Investment Board https://www.cinde.org/en ALAJUELA COYOL Free Zone ubicados de RTV en El Coyol Alajuela, 50 mts. Sur, Zona Franca Coyol Mariola Sanchez-Cordero, Dir. Mktg. & Bus. Dev. 506 243 56000 https://coyolfz.com Evolution Park Alajuela, 50 mts. Sur, Zona Franca Coyol Alajuela Mariola Sanchez-Cordero, Bus. Dev. Mgr. 506-243560000 https://www.evolutionfz.com HEREDIA Eurocenter Inmobiliaria de Costa Rica ECR S.A. parque empresarial Eurocenter https://www.eurocentercostarica. com La Ribera Business Hub https://lariberabusinesshub.com Ultrapark Dos, S.A. Lagunilla de Heredia, Calle 106 Heredia, Costa Rica Jose Benavides Commercial Dir. 506-2293-3333 https://www.ultrapark.com CURAÇAO Curaçao Ind. and International Trade Dev. Co. https://www.curinde.com Curaçao Investment & Export Promotion Agency https://www.cinex.cw CYPRUS Invest in Cyprus https://www.investcyprus.org.cy CZECH REPUBLIC Czech Invest https://www.czechinvest.org PRAGUE METRO Czech Invest https://www.czechinvest.org DENMARK Ministry of Foreign Affairs of Denmark https://investindk.com EGYPT COMESA Regional Investment Agcy. https://comesaria.org CAIRO Invest in Egypt https://www.investinegypt.gov. eg/English/Pages/default.aspx ESTONIA Enterprise Estonia https://eas.ee Invest in Estonia https://investinestonia.com FINLAND Business Finland https://www.businessfinland.com FRANCE Invest in France https://investinfrance.fr PARIS Choose Paris Region https://www.chooseparisregion. org GEORGIA LEPL Enterprise Georgia https://investingeorgia.org/en GERMANY Germany Trade & Invest https://www.gtai.de/en/invest BERLIN/ BRANDENBURG Berlin Partner https://www.berlin-partner.de/en DUSSELDORF NRW.Global Business GmbH https://www.nrwglobalbusiness. com FRANKFURT Frankfurt Econ. Dev. GmbH https://www.frankfurt-business. net GREECE Enterprise Greece https://www.enterprisegreece. gov.gr HONDURAS Grupo Karim’s Altia Business Park Boulevard Armenta https://www.altiasmartcity.com HONG KONG Invest Hong Kong https://www.investhk.gov.hk HUNGARY BUDAPEST METRO Hungarian Investment Promotion Agency https://www.hipa.hu ICELAND REYKJAVIK Invest in Iceland Agency https://www.invest.is INDIA Invest India https://www.investindia.gov.in DELHI NATIONAL CAPITAL REGION Invest India https://www.investindia.gov.in/ state/delhi BENGALURU Invest Karnataka https://investkarnataka.co.in MUMBAI Mumbai City https://mumbaicity.gov.in/ about-district IRELAND IDA Ireland https://www.idaireland.com DUBLIN Dublin City Council https://dublin.ie ISRAEL Invest in Israel https://israelinvestment.org/ TEL AVIV Tel Aviv-Yafo Econ. Dev. Auth. https://www.ta-eda.co.il ITALY Invest in Torino Piemonte https://www.centroestero.org/it JAMAICA JAMPRO Trade & Invest Jamaica https://dobusinessjamaica.com JAPAN Invest Japan https://www.jetro.go.jp/en/invest JORDAN Aqaba Special Econ. Zone Auth. https://www.aqabazone.com PBI Aqaba Ind. Estate LLP https://www.pbiaqaba-jo.com KENYA KenInvest https://www.invest.go.ke KUWAIT Kuwait Direct Investment Promotion Auth. https://www.kdipa.gov.kw/en LIBYA Misurata Free Zone https://mfzly.com LITHUANIA Invest Lithuania https://investlithuania.com MALAYSIA Malaysian Investment Dev. Auth. https://www.mida.gov.my MAURITIUS Econ. Dev. Board of Mauritius https://edbmauritius.org MEXICO Government of Mexico Ministry of the Economy Gobierno DE Mexico https://www.gob.mx MEXICO CITY Government of the State of Mexico https://edomex.gob.mx MONTERREY Invest Monterrey https://www.investmonterrey. com MOROCCO Morocco Now https://www.morocconow.com Tanger Med Zones https://www.tangermedzones. com/en SITE SELECTION MAY 2024 167 NAMIBIA City of Windhoek https://www.windhoekcc.org.na NETHERLANDS Netherlands Foreign Investment Agency https://investinholland.com AMSTERDAM Discover Amsterdam https://www.iamsterdam.com/ en/business NEW ZEALAND AUCKLAND New Zealand Ministry of Business Innovation & Employment https://www.newzealandnow. govt.nz CHRISTCHURCH ChristchurchNZ https://www.christchurchnz.com NIGERIA Lagos Global https://lagossdgandinvestment. com NORTH MACEDONIA Directorate for Technological Ind.Dev. Zones https://fez.gov.mk PANAMA ProPanama https://www.propanama.gob.pa PANAMA CITY SAGA Commercial Group S.A. Calle Manuel Maria Icaza Edif. Bonanza Panama, Rep. of Panama Madelayne Corrales Coordinator 507-209-8300 POLAND Polish Investment and Trade Agency https://www.paih.gov.pl PORTUGAL AICEP Portugal Global Business Dev. Agency Rua de Entrecampos nº 28 - 12º Andar Lisboa 1700-158 Filipe Santos Costa, CEO 351-217-909-500 http://www.portugalglobal.pt LISBON Invest Lisboa https://www.investlisboa.com/ site/en QATAR Invest Qatar https://www.invest.qa/en ROMANIA InvestRomania https://investromania.gov.ro RUSSIA Invest in Russia http://invest-rf.com MOSCOW METRO Invest Moscow https://en.investmoscow.ru SAINT LUCIA Invest Saint Lucia 1st Fir. Heraldine Rock Building Waterfront, Castries, Shirlyn Elliodore, Marketing and Communications Manager 758.457.36400 https://investstlucia.com SAUDI ARABIA Saudi Arabia Ministry of Investment, Invest Saudi https://www.investsaudi.sa/en RIYADH Invest Riyadh https://www.investsaudi.sa/ en/meetTheKingdom/province/ riyadh SINGAPORE Singapore Econ. Dev. Board https://www.edb.gov.sg SLOVAK REPUBLIC Invest in Slovakia https://www.sario.sk/en/ invest-slovakia SLOVENIA Slovenia Business https://www.sloveniabusiness.eu SOUTH AFRICA InvestSA http://www.investsa.gov.za Invest Cape Town https://www.investcapetown.com Invest Durban https://www.invest.durban Trade and Investment Kwa-Zulu Natal https://www.tikzn.co.za SOUTH KOREA Korea Trade Investment Promotion Agency https://www.kotra.or.kr/index.do https://www.investkorea.org SEOUL METRO Invest Seoul 6F, 38, Jong-ro, Jongno-gu Seoul 82 2 6361 4120 http://www.investseoul.org SPAIN Instituto Galego de Promoción Económica Santiago de Compostela https://www.igape.gal/gl BARCELONA Catalonia Trade & Investment https://catalonia.com/ MADRID Madrid Investment Attraction https:// madridinvestmentattraction.com SWEDEN Business Sweden https://www.business-sweden. com STOCKHOLM METRO Invest Stockholm https://www. stockholmbusinessregion.com SWITZERLAND Invest in Switzerland https://invest.swiss THAILAND Thailand Board of Investment https://www.boi.go.th/en/index TRINIDAD AND TOBAGO InvesTT – Trinidad and Tobago https://www.investt.co.tt TUNISIA FIPA Tunisia http://www.investintunisia.tn TURKEY Republic of Turkey Investment Office Invest in Turkey https://www.invest.gov.tr ISTANBUL Invest In Istanbul http://www.invest.istanbul IZMIR IZMIR Dev. Agency https://izka.org.tr TURKS AND CAICOS Invest Turks and Caicos Agency https://www. investturksandcaicos.tc UNITED ARAB EMIRATES UAE Ministry of Economy https://www.moec.gov.ae/en/ home ABU DHABI Abu Dhabi Investment Ofc. https://www.investinabudhabi.ae DUBAI Invest in Dubai https://www.visitdubai.com/en/ invest-in-dubai UNITED KINGDOM InvestUK https://www.great.gov.uk/ international BELFAST Invest Northern Ireland 88 Pine Street New York, NY 10005 Andrea Haughian, Exec. V.P., Head of Americas, 617-266-8839 www.investni.com LONDON METRO Greater London Auth. https://www.london.gov.ukA group of partners representing Colorado’s life sciences ecosystem have banded together to fund a new national economic development campaign to bolster Colorado into “America’s epicenter for life sciences innovation.” Launched in February, the Colorado Hub for Healthcare Impact comprises entities from each level of the state’s life sciences network e campaign highlights six critical factors that are currently spurring growth in Colorado’s life sciences sector including: Talent + Inclusivity: Colorado has the No. highest concentration of biomedical and bioengineers in the U.S. and leads the country in post-secondary educational attainment. Research assets include the Colorado School of Mines, University of Colorado Denver and University of Colorado Boulder. Capital + Growth: In , life sciences organizations in the Denver- Boulder area achieved record-level funding from both the National Institutes of Health ($ million) and venture capital sources ($ million). e Colorado BioScience Association reports that life sciences companies in the state raised $. billion in funding from public, private, federal, state and foundation sources in , marking the seventh year the state’s life sciences community raised more than $ billion. Location + Real Estate: According to a report CBRE released in January, the Denver metro was one of only three locations among the largest life sciences markets in the U.S. to see tenant demand increase in the fourth quarter of . Fourteen companies were seeking a cumulative , sq. ft. of lab space. A total of . million sq. ft. of life sciences lab and offi ce space are by LINDSAY LOPP lindsay.lopp@siteselection.com Colorado STATE SPOTLIGHT BY THE NUMBERS COLORADO Higher Ed. R&D Expenditure in $000s: 1,901,835 Number of NCRCs: 42,828 | Percent Improved 2022–23: 31.36% Business Tax Climate Rank Change 2023–2024: -6 Industrial power cost per kWh: $8.63 Total Rev. as Share of Total Expenses, FY 2007-2021: 102.2% 2023 Workers’ Comp Index Rate: 0.93 Selected Top Projects by Capital Investment COMPANY CITY INVESTMENT $M Microchip Technology Colorado Springs 880 Agilent Technologies Frederick 725 Swire Pacifi c Holdings Denver 500 Meyer Burger Technology AG Colorado Springs 400 VSK Energy Brighton 250 Source: Conway Projects Database Photo: Getty Images 168 MAY 2024 SITE SELECTION Fueling the Future of Colorado’s Life Sciences Sector Fueling the Future of Colorado’s Life Sciences Sector SITE SELECTION MAY 2024 169 currently planned or in development, according to the Colorado Bioscience Association. Lifestyle + Culture: With cities ranked among the top 10 places to live in the country, legendary outdoor activities, Michelin-starred restaurants and leading professional sports teams, Colorado boasts an exceptional quality of life. Costs + Incentives: U.S. World and News Report ranks Colorado No.3 for economic stability and potential. Since 2016, Colorado has awarded $128 million in state-funded grants for Advanced Industries. Community + Infrastructure: With life sciences clusters along Colorado’s Front Range, five R1 designated research universities, the University of Colorado System ranking fifth in the country for startup formation, and 30+ federal labs (one of the largest concentrations in the U.S.), the state is home to a collaborative network of research partners. Room For Growth In Boulder, NexCore Group and HATCHspaces® have transformed the 33,700-sq.-ft. historic Boulder Beer Company Brewery into a resource for emerging life sciences companies. The new facility, dubbed HATCHlabs@Wilderness Place, boasts infrastructure featuring turnkey labs and customizable space. “In order for life science clusters to grow, functional and affordable graduation lab space needs to be available for startups emerging from academic labs and incubators. We’ve designed the HATCHspaces platform to be just that,” said Allan Glass, executive VP of Science & Technology at NexCore, in a statement. During the facility’s ribbon-cutting celebration in January, the company announced its first partnership in the region, a bioscience internship program in collaboration with the University of Colorado Boulder. “The startup companies in our ecosystem could not do the work they do without our university partners and all the support that goes into helping those companies move through the obstacles,” said Elyse Blazevich, president & CEO of the Colorado BioScience Association. 170 MAY 2024 SITE SELECTION Got Minerals? U tah’s scenery is breathtaking. But it’s the rich mineral deposits that lie beneath that keep causing miners to lose their breath. “Early miners have found success in coal mining in central Utah, copper in the southwest side of the Salt Lake Valley, and oil and oil shale in the northeast,” says Utah Governor’s Offi ce of Economic Opportunity Managing Director of Incentives & Grants Jim Grover. “We also found great potential for geothermal energy in central and southwest Utah and are closely following the discoveries of lithium, which can be potentially valuable resources within our state.” Currently, Utah ranks as the No. U.S. state for mineral production, valued at $. billion in . e Fraser Institute Annual Survey of Mining Companies, released in May , showed Utah earned the No. rank in terms of the Policy Perception Index. Out of jurisdictions, the state solidifi ed its place based on attractive mining policies for factors such as environmental regulations, trade barriers, taxation regime and infrastructure. Within the last year, the state has secured several mining projects that are receiving state support and incentives. Here are two of them: When Milford Mining Company’s Utah Vice President Darin Malchus announced a $ million expansion of its operations in western Utah’s Beaver County in February , he said, “Never before has copper been so important to the nation’s energy systems as it is currently. Utah’s cooperation with the mining community, combined with access to local talent, were signifi cant factors in Milford Mining’s decision to commence operations in the state.” Canada-based mining company Osisko Development Corporation’s subsidiary Tintic Consolidated Metals is investing $ million and creating new jobs at a ,-acre project in rural Utah’s Juab County about miles south of Salt Lake Cit, where it will bring new life to a dormant mine. e Tintic Project will be in the historic East Tintic Mining District targeting porphyry, carbonate and epithermal minerals used for gold mineralization. “Since acquiring Tintic in May last year, we have been continually impressed with the strong support that the state of Utah has shown for mining companies,” said Osisko Development CEO Sean Roosen. “Utah has established itself as a world-class jurisdiction by creating an effi cient, transparent, predictable, and informed mining regime that is highly favorable for exploration, development and operation. “It is also home to a deep pool of mining talent,” he said, including professional drillers, engineers, lawyers and accountants. “It is no wonder why the state consistently ranks in the top fi ve places to mine globally.” by ALEXIS ELMORE alexis.elmore@siteselection.com Utah STATE SPOTLIGHT Miners head beneath Utah’s natural wonders to strike gold (among other critical minerals). BY THE NUMBERS UTAH Higher Ed. R&D Expenditure in $000s: 1,064,134 #of NCRCs: 4,261 | Percent Improved 2022–23: 0.07% Business Tax Climate Rank Change 2023–2024: 0 Industrial power cost per kWh: $6.84 Total Rev. as Share of Total Expenses, FY 2007–21: 110.7% 2023 Workers’ Comp Index Rate: 0.86 Selected Top Projects by Capital Investment COMPANY CITY INVESTMENT $M Texas Instruments Lehi 11,000 Mars / Nature’s Bakery Salt Lake City 237 Campbell Soup Co. / Utah Flour Milling Richmond 160 Tintic Consolidated Metals Eureka 150 Greenfi eld Energy Vernal 150 Source: Conway Projects Database Mines like the Kennecott Bingham Canyon Copper Mine showcase the rich mineral deposits in the state. Photo: Getty Images172 MAY 2024 SITE SELECTION Getting Ready for Prime Time What good is a prepared and certified industrial site if electrical power can’t get to it? A s a crush of major new facility investments descends on the United States across sectors from EV and battery plants to data centers and semiconductor fabs, concerns about a strained electrical grid are becoming paramount. In some cases those concerns are causing delays or outright cancellations, or at the very least redirecting location decisions away from territories with a higher risk where power supply and reliability are concerned. So it’s only natural to turn from shovel-ready site preparation to wondering where the shovel-ready transmission projects are that will feed into those sites. And with corporations seeking to reach sustainability goals, feeding renewable power through those forthcoming lines also becomes paramount. When Americans for a Clean Energy Grid (ACEG) in 2021 published a report highlighting major high- voltage power transmission infrastructure projects ready to get going but for permitting and approval delays, the number was 22. Last September, the organization published an update containing 36 ready- to-go projects totaling around 10,000 miles and 132 GW of transmission capacity (see map). But are we any closer to removing the obstacles in their way? “Many of these projects have achieved key regulatory approval milestones and are ready to begin construction,” wrote co-authors Zachary Zimmerman, by ADAM BRUNS adam.bruns@siteselection.com SPECIAL ADVERTISING SECTION SHOVEL-READY SITES Map courtesy of ACEG174 MAY 2024 SITE SELECTION Michael Goggin and Rob Gramlich. “Many others could benefit from policies that improve how transmission is paid for and permitted, as some are still waiting for key permits while many more are still looking for mechanisms to recover the cost of building the project. While these projects would provide major benefits to electric sector reliability and decarbonization, still many more such projects will be required to cost-effectively meet our country’s growing electricity needs. Given the long lead time required to permit and build transmission, improvements to how we plan, pay for, and permit transmission are urgently needed to enable these projects and more like them to proceed to construction.” Even before the renewable power they transmit drives economic development they say could create 2 million jobs, the authors posit that the transmission projects themselves would potentially create around 1.3 million jobs. “We estimate these 36 projects could interconnect around 187 gigawatts (GW) of new renewable energy capacity,” the authors write, “almost doubling America’s wind and solar generation resource mix by 87% from current levels.” Now Underway Some of the 14 new projects in the report’s list aim to interconnect new offshore wind power along the Mid-Atlantic and Northeast coastlines. But there are other drivers all too familiar to other regions of the country. “Significant load growth, increasing U.S. manufacturing, data center demand (fueled recently by artificial intelligence), customer demand for clean generation, and increasingly favorable economics for renewable energy due to market trends as well as the Inflation Reduction Act and other policies, are likely driving greater market interest in transmission,” the report states. More than likely, as the saying goes. Since the 2021 report, 10 of the 22 projects identified have begun construction while two projects have been put on hold and thus are no longer included in the list, the update explains. The 10 projects under construction are expected to add approximately 19,500 MW of new generation. Here are spotlights on the projects under construction. Ten West: “New AC line between Arizona and California, connecting the Delaney and Colorado River substations and allowing more solar development.” Vineyard Wind: “AC line connecting 800 MW of offshore wind generation to Massachusetts. The federal government approved permitting for this project in 2021.” Southfork Wind: “AC line connecting 132 MW of offshore wind generation to New York. The federal government approved permitting for this project in 2022.” Colorado’s Power Pathway: New AC lines and upgrades proposed by Xcel’s Public Service Company of Colorado to interconnect eastern Colorado renewable resources. Gateway West: “PacifiCorp and Idaho Power AC project first proposed in 2007 to deliver Wyoming wind to the Pacific Northwest. The project has received cost recovery via various state commissions and the relevant federal approvals.” Gateway South: “PacifiCorp AC project to deliver Wyoming wind to Utah and the Southwest. The project has received cost recovery via various state commissions and the relevant federal approvals.” Transwest Express: DC line to deliver power from Wyoming’s proposed Chokecherry and Sierra Madre wind project to a market hub near Las Vegas, Nevada. Costs of this line will be recovered by subscribers including the wind generation owned by the transmission developer. The project will be integrated into the California ISO (CAISO) through a new ‘subscriber PTO’ model. Cardinal-Hickory Creek: “New AC line from near Dubuque, Iowa to Madison, Wisconsin. This line is the last of Midcontinent Independent System Operator’s Multi-Value Projects. As of January 2023, there were 115 renewable generation projects totaling more than 17 gigawatts dependent upon its construction.” Champlain Hudson: With cost recovery authorized by the State of New York, this merchant DC line, originally proposed in 2010, mostly runs under Lake Champlain and the Hudson River, delivering Canadian power to New York City. New York Public Policy Transmission (Segment A & B): “Two projects, Central East Energy Connect and New York Energy Solution, to upgrade New York’s SPECIAL ADVERTISING SECTION SHOVEL-READY SITES Our hope is this successful financing of the largest clean energy infrastructure project in American history serves as an example for other ambitious renewable infrastructure initiatives that are needed to accelerate our transition to a carbon free future.” — Hunter Armistead, CEO of Pattern Energy, on the $11 billion financing of the SunZia wind and transmission projects Photo courtesy of Pattern Energy Group SITE SELECTION MAY 2024 175 AC transmission system and interconnect more renewable energy.” Prominent among the 10 is SunZia, a DC merchant project being co-developed by Pattern Energy Group with NM RETA delivering New Mexico renewable resources to Arizona and points westward. “The project was initially proposed in 2006 by the SouthWestern Power Group,” the ACEG report recounts. “Since then, it went through a seven-year federal permitting process before receiving approval in 2015, but in 2018 the New Mexico Public Regulation Commission rejected SunZia’s application. The project filed an amended route with the federal government in 2020 and received final approval in 2023.” SunZia in December closed an $11 billion non- recourse financing of SunZia Wind and SunZia Transmission. “Construction is well underway on this historic project that will deliver clean power with a generation profile that complements abundant solar generation available across the Western United States,” said Hunter Armistead, CEO of Pattern Energy. SHOVEL-READY SITES SPECIAL ADVERTISING SECTIONNext >