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Features

June 1, 2002

R&D Parks With an Edge

E merging industry clusters in such high-tech fields as life sciences and software engineering are driving demand for a new breed of business park. But more than futuristic laboratory and office space is required to catch the attention of industry players seeking suitable locations in which to research and develop tomorrow’s systems and services. The […]

June 1, 2002

Tax Burdens Are Relative

S ite seekers evaluating California locations have used, for some time, the Kosmont Cost of Doing Business Survey, among other tools. Kosmont Realty Corp., Los Angeles, has gathered cost information on hundreds of communities in The Golden State.         This research has now been expanded to include 22 markets outside California, giving […]

May 1, 2002

Breakthrough Deals for 2001

 I n an era of dwindling resources and a slumping economy, development officials are searching for new ways to attract industry and business. Many cities are offering incentives for such traditional industries such as heavy manufacturing and logistics. Economic development groups are looking to attract tried-and-true businesses with workforce development programs and site incentives. There […]

May 1, 2002

Our Mission: To Analyze, Interpret, Educate and Lead

 D o you sometimes think that you receive too much information? In his excellent 1999 book, How the News Makes Us Dumb: The Death of Wisdom in an Information Society, historian C. John Sommerville laments the loss of truly wise people in an era in which meaningless daily news consumes us, and in which we […]

May 1, 2002

Top Ten Economic Development Groups for 2001

 W hy did Pfizer invest $600 million into a facility expansion in Ann Arbor, Mich.? Why did Citicorp Credit Service decide to add 2,100 jobs to its work force in Florence, Ky.? And why did Ford Motor Co. announce that it will invest $375 million into an expanded manufacturing plant in Norfolk, Va.?     […]

May 1, 2002

Who’s Keeping Score?

 I f you’re not keeping score, then you’re just practicing, goes the adage. More and more economic development groups are realizing how true that is as they evaluate their performance relative to other locations. The heated Governor’s Cup contest covered in our March issue is testament to that. But other measures are emerging that can […]

May 1, 2002

2001 Top Groups Honorable Mentions

Site Selection recognizes 12 more economic development agencies for their successful efforts to attract business expansion activity. The groups mentioned here scored well in the same areas the Top Groups did — capital investment and new jobs created overall and on a per capital basis. Arkansas Dept. of Economic Development, Little Rock, Ark.www.1-800-ARKANSAS.com     […]

May 1, 2002

Corporate Real Estate Performance Ratios: How Does Your Organization Stack Up?

 M ost Fortune 1,000 companies view corporate real estate as a strategic asset. This means it plays a primary role, along with human resources, technology and information, in helping the company achieve its long-run goals and objectives. In 1993, the International Development Research Council’s (IDRC) first Corporate Real Estate 2000 Program report said, “We have […]

May 1, 2002

World Reports, Site Selection Magazine, May 2002

Zurich, Vienna and Vancouver Top Quality of Life Survey The 2002 worldwide quality-of-life survey conducted by human resources firm William M. Mercer has found Zurich, Switzerland to be the best overall place to live in the world, trailed closely by Vienna, Austria, and former No. 1 city Vancouver, British Columbia.         The […]

May 1, 2002

Real Estate Services

Service Providers On the Move … Edward C. Lubieniecki has been appointed executive vice president for the Western Region Consulting Services of Grubb & Ellis Co., based in New York City. Lubieniecki will bring more than 20 years of industry experience to the firm’s San Francisco office. In addition to being selected to manage the […]

May 1, 2002

An Eco

The new Conway Eco-Site project involves several elements: A small, privately maintained nature preserve, the Mockernut Botanical Garden. A family residential compound in a quiet rural area surrounded by magnificent vegetation. A private library and research facility away from distractions and interruptions. A farm for growing vegetables and fruit — and later, a greenhouse. A […]

May 1, 2002

Site Seekers Get a New Portal

 C orporate site selectors have a new tool to use in their next business location search. It’s the revamped Development Alliance web site, the product of a partnership between the International Economic Development Council and Conway Data Inc., publisher of Site Selection magazine.         Launched in early 2001, www.developmentalliance.com is the corporate […]

May 1, 2002

Call Centers: India Answers the Call

 I n an economic downturn, inexpensive, capable labor becomes even more important. India has both and offers call center site selectors the added bonus of a workforce dedicated to making a career within the call center industry.         “India offers a workforce of highly-dedicated, well-educated, English-speaking professionals, and the infrastructure needed to […]

May 1, 2002

Utilities’ Role in Economic Development: Getting Plugged In

 W hen national electronics retailer Best Buy needed to place a regional distribution center in the Southeast, the Georgia Center for Site Selection played a pivotal role.         What’s unique about the GCSS? It’s operated by a utility cooperative association — the Georgia Electric Membership Corp. (GEMC) in Atlanta. The center helps […]

May 1, 2002

Johnson Controls U.S.A. Office Occupancy Costs Index, 4th Quarter 2001

Welcome to the 4th Quarter 2001 Johnson Controls USA Office Occupancy Costs Index, which provides a snapshot guide to the cost of providing and operating property and facility management services in the USA.         This cost index briefing is published twice a year and has become a powerful and dynamic business reference […]

May 1, 2002

Work Force Incentives Deserve a Closer Look

 W hen manufacturer Superior Walls of Central Illinois opened for business in the Springfield Enterprise Community, it created job opportunities for 42 low-to-moderate-income neighborhood residents. “These employees show great pride in producing a quality product,” says Springfield developer Mike Suhadolnik, owner of Superior Walls.         Suhadolnik’s enthusiasm is matched by that of […]

May 1, 2002

The Strategy Alignment Model (Part 3): Benchmarking for Competitive Advantage

 “W e’re not getting what we need to out of these real estate benchmarks,” said my client, Scott Weas of SC Johnson, almost 10 years ago. What really bothered Scott was his perception that most of the benchmark information available for our planning efforts had little direct relevance to the core business and the strategies […]

May 1, 2002

Mixing the Right Rx for Pfizer’s 600

 P fizer’s 600-employee expansion in Ann Arbor, Mich., looked deceptively simple — on paper, at least, once it was a done deal.         One number fairly leaps out in the postmortem: a whopping US$84.2 million in incentives, certainly enough to vacuum-seal most major expansions. And those bountiful incentives certainly did help seal […]

May 1, 2002

Top Ten Deals of 2001

 T here’s a reason why Toyota, Nissan, Honda, Mercedes-Benz, BMW, Ford and General Motors all call the Southeastern U.S. home for some of the country’s largest automotive assembly plants. It’s because the South knows how to get the blockbuster economic development deals done.         Last year, the South accounted for three of […]

March 1, 2002

IDRC Survey Measures Corporate Real Estate Practices

 T he International Development Research Council’s Annual Survey of Corporate Real Estate Practices is a one-of-a-kind resource for tracking corporate real estate and facility management trends. Since first conducted in 1993, the survey has provided insights into how these corporate functions and their service providers operate.         Here’s a survey nugget for […]

March 1, 2002

Energy Procurement Tools for Property Asset Managers

 C ompanies whose business is not producing, but rather using, energy have discovered the havoc which volatile energy costs can play upon one’s financial statements. Perhaps with the possible exception of labor costs, few other elements of variable corporate expenses have been paid such attention as energy recently.         This has been […]

March 1, 2002

Economist to CoreNet: Recovery to Exceed Expectations

 R ising employment, industrial inventories and prices will make the American economy’s recovery this year even stronger than most blue-chip economists forecast, Prudential Financial’s chief economist told a gathering of corporate and commercial real estate leaders Jan. 10 in Atlanta.         Susan Hickok, the keynote speaker at a forum of CoreNet Global […]

March 1, 2002

U.N. Survey Reveals Transnational Companies’ Location Preferences

 T ransnational corporations (TNCs) will favor Germany, the United Kingdom and France when they invest in Western Europe during the next three years. This prediction is among the findings of a recent survey of 129 TNCs conducted by the United Nations Conference on Trade and Development (UNCTAD), the Invest in France Agency and Andersen, the […]