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ONLINE INSIDER
From the September Issue

ONLINE INSIDER

Washington Builds a Life Science Cluster

CBRE recently named Seattle the top emerging life science cluster in the country. We find out why in a conversation with Life Science Washington President Dr. Leslie Alexandre.

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FROM SITE SELECTION MAGAZINE, SEPTEMBER 2021 ISSUE
From the September Issue

ARKANSAS

Report Charts a Post-Pandemic Pathway Forward

A look at the Arkansas Economic Recovery Strategy, commissioned this summer by the Arkansas Economic Recovery Task Force and published by “think and do tank” Heartland Forward.

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 CONWAY ANALYTICS SNAPSHOT 

You’ve seen our Inc. 5000 number crunching for top states, cities and sectors. Our final installment of analysis examines which metro areas (not just municipalities) lead the way in number of Inc. 5000 firms cumulatively and per capita. Here are the top 20 metro regions with their corresponding numbers of fast-growing companies. Austin, with a metro population of just under 2.3 million, packs the most punch among these heavyweights:

Metro Area

Pop.

Inc. 5000 Firms

1. Los Angeles-Long Beach-Anaheim, CA 13.1099 302
2. Washington-Arlington-Alexandria, DC-VA-MD-WV 6.3246 287
3. Chicago-Naperville-Elgin, IL-IN-WI 9.4066 208
4. Atlanta-Sandy Springs-Roswell, GA 6.0878 190
5. Dallas-Fort Worth-Arlington, TX 7.6941 173
6. New York-Newark-Jersey City, NY-NJ-PA 19.1244 169
7. Miami-Fort Lauderdale-West Palm Beach, FL 6.14 139
8. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 6.1079 134
9. Boston-Cambridge-Newton, MA-NH 4.8782 131
10. San Francisco-Oakland-Hayward, CA 4.6969 126
11. Denver-Aurora-Lakewood, CO 2.9912 119
12. Phoenix-Mesa-Scottsdale, AZ 4.8458 110
13. San Diego-Carlsbad, CA 3.3324 108
14. Austin-Round Rock, TX 2.2953 107
15. Houston-The Woodlands-Sugar Land, TX 7.1545 91
16. Tampa-St. Petersburg-Clearwater, FL 3.244 87
17. Seattle-Tacoma-Bellevue, WA 4.0186 80
18. Nashville-Davidson--Murfreesboro--Franklin, TN 1.9895 68
19. Baltimore-Columbia-Towson, MD 2.8002 62
20. Minneapolis-St. Paul-Bloomington, MN-WI 3.6575 61

In the per capita category, while there are plenty of small towns that are one-hit wonders that have good stories to tell, we counted only those metro areas with five or more Inc. 5000 firms to arrive at the Top 10 list below. The university town of Bozeman, Montana, takes top honors, followed by fellow Western innovation outposts Boulder and Provo. San Diego and Atlanta fall just outside the top 10. Watch for more about the unique Bozeman ecosystem in the November issue of Site Selection. — Adam Bruns and Daniel Boyer

Metro

Pop. (M)

Firms/Capita

Firms

1. Bozeman, MT 0.1168 85.6164 10
2. Boulder, CO 0.3272 73.3496 24
3. Provo-Orem, UT 0.6632 69.3607 46
4. Huntsville, AL 0.4817 68.5074 33
5. Austin-Round Rock, TX 2.2953 46.617 107
6. Washington-Arlington-Alexandria, DC-VA-MD-WV 6.3246 45.3784 287
7. Denver-Aurora-Lakewood, CO 2.9912 39.7834 119
8. Salt Lake City, UT 1.24 38.7097 48
9. Fargo, ND-MN 0.2486 36.2027 9
10. Nashville-Davidson--Murfreesboro--Franklin, TN 1.9895 34.1794 68

 

 MORE MISSOURI GUIDE 2021 

INCENTIVES

Show Me the Incentives

Missouri’s business incentives programs usher in new investments across the state.

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From the September Issue

REMANUFACTURING & STAINLESS STEEL

Forged in Fire

A history of innovation drives stainless steel production and remanufacturing.

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From the September Issue

CERTIFIED SITES

Certified Sites Reduce Risk for Growing Companies

Sites in the program “show companies that communities are serious about job creation and business expansion,” says Missouri Economic Development Department Director Rob Dixon. Meanwhile, 87 communities carry Certified Work Ready credentials too, the most of any state in the nation.

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 PROJECT WATCH 

Ireland

After raising $100 million in a round led by SoftBank, San Francisco–based corporate gifting platform Sendoso will open this new European HQ in Dublin. The 100 employees there will join a company that currently employs around 500 across the U.S., Europe and Asia. The company plans to boost hiring by 30% by year’s end. The company offers up to 30,000 different gift items from warehouses on three continents. “Sendoso is joining a thriving tech scene of fast growing and innovative companies choosing Dublin as the preferred location to establish its European HQ,” said Martin Shanahan, CEO of IDA Ireland.

Source: Conway Analytics

Costa Rica

Bayer early this month announced it would invest over €400 million to reinforce its commitment to providing 100 million women and girls with access to family planning by 2030, especially in low- and middle-income countries (LMICs). The investment will include the expansion of production capabilities in Turku, Finland, and the construction of a new production site in Alajuela, Costa Rica, specialized in the production and supply of long-acting reversible contraceptives (LARCs). The new production plant at Coyol Industrial Park is expected to start the supply of long-acting reversible contraceptives to LMICs by 2024. Both sites also will produce hormonal implants and hormonal intrauterine systems (IUS).

Source: Conway Analytics

 

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 SITE SELECTION RECOMMENDS 

Two major energy reports were issued within the past two weeks. First, the International Energy Agency released its World Energy Outlook 2021, the organization’s annual flagship publication, released a month earlier than usual in order to serve as a handbook for COP26, the UN Climate Change Conference being held in Glasgow, Scotland, from October 31 to November 12. The 386-page report (much more easily navigated in web format at the link above) shows that “even as deployments of solar and wind go from strength to strength, the world’s consumption of coal is growing strongly this year, pushing carbon dioxide (CO2) emissions towards their second largest annual increase in history.” Working toward net zero by 2050, the IEA posits, “would create a market for wind turbines, solar panels, lithium-ion batteries, electrolyzers and fuel cells of well over US$1 trillion a year by 2050, comparable in size to the current oil market,” and create 26 million jobs by then in clean energy and related sectors.

In Washington, the Information Technology and Innovation Foundation, also in anticipation of COP26, has released its 2021 Global Energy Innovation Index. Finland, Denmark, Sweden and the United Kingdom lead the 34 nations evaluated across 20 indicators, while the U.S. has dropped from No. 4 in the 2016 baseline ranking to No. 17 and China ranks No. 25. ITIF says the 34 nations combined to invest more than $27 billion in clean energy R&D in the most recent year for which data is available — 25% more than 2015, “but essentially flat accounting for economic growth.” Here are the top 10:

ITIF’s Global Energy Innovation Index: overall and subindex rankings

Overall Index

2021 Subindex Rankings

2021 Rank

Country

2016 Rank

Change

Knowledge Development & Diffusion

Entrepreneurship, Experimentation, & Markets

Social Legitimation, Collaboration

1. Finland 1 0 4 1 14
2. Denmark 2 0 1 9 2
3. Sweden 3 0 10 2 19
4. U.K. 9 +5 8 6 1
5. Switzerland 8 +3 16 3 4
6. Belgium 10 +4 3 11 9
7. Netherlands 5 -2 14 4 3
8. Germany 11 +3 7 8 16
9. Canada 13 +4 13 5 11
10. France 6 -4 11 10 7

 

Site of the Week

XCEL ENERGY’S REAL ESTATE PROGRAMS

Sites and Buildings Ready Today

Xcel Energy offers nearly 90 available real estate options, including Certified Sites, Ready Sites and Ready Buildings, across its eight-state service area. Xcel Energy’s real estate certification process follows a robust and credible protocol, starting with the collection and validation of essential property attributes and due diligence. Using information gathered during site visits, complemented by details provided by municipalities, utilities and economic development organizations, the Xcel Energy team reviews the due diligence on the property and infrastructure, including any required studies. Equipped with the knowledge already gathered on your behalf, you can move faster into your new location and increase your speed to market. And of course, each site enjoys reliable and robust electric service from Xcel Energy, one of the nation’s top providers of clean power. Take an aerial tour of Xcel Energy’s Certified Sites and find your next location, today.

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 PHOTO OF THE DAY 
Photo courtesy of NASA

A few of us at Site Selection gathered in our parking lot at 7:08 a.m. yesterday to watch the International Space Station cross directly over our heads at its standard speed of approximately 4.76 miles per second or 17,136 miles per hour. Here’s a sample of how the crew sees us: Central Park figured prominently in this photograph of Manhattan Island in New York City as the ISS orbited 262 miles above the northeastern United States on October 15th. The ISS orbits Earth about every 90 minutes, traveling through 16 sunrises and sunsets in 24 hours.

 
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