FROM SITE SELECTION MAGAZINE MAY 2020
From the May Issue

COVER STORY

2020 Global Best to Invest

Even as the world experiences the economic impact of a pandemic, our annual rankings cast the spotlight on the countries leading their regions in project activity and economic development.

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From the May Issue

BEST TO INVEST

2020 Top IPAs

Our list of the world’s top national and regional IPAs by region.

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From the May Issue

STATE COMPETITIVENESS

The 2020 Prosperity Cup

Based on a 10-point index of criteria, this year’s rankings mean Texas has to make room for another Cup in its trophy cabinet.

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From the May Issue

TOP GROUPS

The 2020 Mac Conway Awards

Named for the founder of Site Selection and its parent company Conway, Inc., the Mac awards recognize an elite group of economic development organizations in 20 U.S. regions based on an index of project-related job creation and investment.

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From the May Issue

EDITOR'S VIEW

On Plexiglass and the New Normal

Editor in Chief Mark Arend considers the new set of challenges now facing corporate real estate leaders as they recalibrate supply chains and consider reshoring operations. The new May issue addresses many of these challenges, as will our July special edition.

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 PROJECT WATCH 

MARYLAND

Aphena Pharma Solutions announced in April it will expand its pharmaceutical packaging and manufacturing operations in Easton and add 100 jobs over the next two years with the purchase of a 54,000-sq.-ft. facility formerly occupied by Konsyl adjacent to its existing location. The move follows a $7 million expansion last year across Aphena’s sites in Maryland and Tennessee, and grows Aphena’s footpring to 27 acres in Easton, located in Maryland’s Eastern Shore region.

Source: Conway Analytics

WISCONSIN

North Shore Healthcare is moving its HQ from the Milwaukee suburb of Glendale to HUB460, a building formerly occupied by retailer Boston Store and its corporate parent Bon-Ton Stores, which liquidated in 2018. North Wells Capital is redeveloping the building in Milwaukee’s revitalized Westown neighborhood, and making a total of 232,000 sq. ft. available on four floors. According to the Journal Sentinel and others, the long-term skilled nursing care, short-term rehabilitation, and assisted living services company will move 55 employees to the new location, where it plans to expand to around 80 employees (after doubling support staff over the past year). North Shore operates 71 facilities in Wisconsin, Minnesota, and North Dakota.

Source: Conway Analytics

 

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 SITE SELECTION RECOMMENDS 

Colorado-based Arcadis, the global design and consultancy organization with 28,000 employees, has released its 2020 International Construction Costs Index, which shows the relative costs of construction for 100 of the world’s cities, including 16 U.S. cities, and features in-depth analysis of construction markets in 19 countries. Titled “Rethinking Resilience,” the report explores both COVID-19 impact and sustainable construction trends. Of the 10 least expensive cities, five (including Wuhan) are in China and three are in India, alongside Kuala Lumpur and Bangkok.  

10 most expensive global cities for construction

  1. London
  2. Hong Kong
  3. Geneva
  4. New York
  5. San Francisco
  6. Zurich
  7. Copenhagen
  8. Tokyo
  9. Dublin
  10.  Macau

10 most expensive U.S. cities for construction

  1. New York
  2. San Francisco
  3. Boston
  4. Philadelphia
  5. Seattle
  6. Chicago
  7. Los Angeles
  8. Las Vegas
  9. Washington, D.C.
  10. Salt Lake City
London is the most expensive city in the world for construction, says Arcadis.

 

 PHOTO OF THE DAY 

Managing Editor Adam Bruns made this image at an Atlanta United game at Atlanta’s Mercedes-Benz Stadium two years ago. The Major League Soccer league season is on hiatus like other sports. MLS on Wednesday, May 6, will begin permitting individual workouts at outdoor team practice facilities, even as a league-wide moratorium on small group and full team training remains in place through May 15.