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

UPPER MIDWEST

Michigan Investment Includes Multi-Family Housing

Whirlpool’s plans in southwestern Michigan go well beyond a $60 million refurbishment of its technical center in St. Joseph.

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 PROJECT WATCH 

Spain

Remember Gary Daughters’ “Disruptive Technology” story two years ago about manufacturing diamonds instead of mining them? None other than Leonardo DiCaprio, the star of the film “Blood Diamond,” is investing in that eco-friendly dream in Trujillo, Spain, where renewable energy and plasma reactors and up to 650 employees will artificially create diamonds at Diamond Foundry’s second plant. The project, including a 120-MW solar farm, will be constructed on the Arroyo Caballo industrial estate in the Extremadura region near the Portugal border, which company co-founder and CEO Martin Roscheisen said was chosen for its high availability of solar radiation. Diamonds will be made at the 30,000-sq.-m. site in six to 10 weeks rather than nature’s thousands of years. The company’s original manufacturing site is in Wenatchee, Washington, powered by hydroelectric energy.

Source: Conway Analytics

Netherlands

PepsiCo sparkling water brand SodaStream is opening its largest European factory in Tilburg in order to meet growing demand for its products in Europe, “especially in the BeNeLux,” said an Invest in Holland release this month, “where the company has experienced remarkable growth in recent years due to its focus on avoiding single-use plastic waste.” CEO Eyal Shohat said, “The opening of the new location moves us even closer to our leading European markets, helps us further reduce our carbon footprint, and strengthens our long-lasting relationship with local suppliers.” Site Manager Gabriel Shiterit said the location “in the logistics heart of Europe” was another important factor. The site will package and distribute product originating at SodaStream’s main manufacturing site in Israel.

Source: Conway Analytics

 

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ILLINOIS INVESTMENT GUIDE 2021/22
From the January Issue

DIVERSITY OF PEOPLE

Where Diversity and Equity Go Hand in Hand

A generational $3.8 billion redevelopment in Chicago aims to be a model for the nation.

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From the January Issue

INCUBATORS

Where Tech Dreams Come to Life

Chicago’s network of more than 200 hubs helps innovators shine.

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From the January Issue

INFORMATION TECHNOLOGY

Data Masters

How Illinois Grows Its IT Workforce

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From the January Issue

PHOTO GALLERY

Picture Illinois

Snapshots from blues festivals to the Garden of the Gods capture the daily vitality of Illinois.

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 SITE SELECTION RECOMMENDS 

The National Venture Capital Association this month posted about new research that indicates a proposed plan to tax carried interest at regular income rates would harm new venture capital fund formation in emerging technology regions in the United States. The study by Rice University Prof. Yael Hochberg and Washington University Prof. John Barrios states that carried interest tax changes “have the potential to have far-reaching effects on the creation and growth of innovation-driven entrepreneurial ventures in precisely the locations where policymakers are often seeking to increase entrepreneurial activity and growth.” The NVCA said states with startup ecosystems that stand to lose the most from this tax change include Pennsylvania, Arizona, Wisconsin, Montana, Michigan, Ohio, Nevada, New Hampshire, Colorado, and Indiana.

 

 PHOTO OF THE DAY 
Photo courtesy of NASA

If you find a drone flying over your house and yard annoying, imagine one hovering over you while you work. That’s the futuristic scenario at SEAT’s plant in Martorell, Spain, where the company is working with Eurecat (the Technology Center of Catalonia) on a pilot project using drones to deliver parts autonomously along an automotive production line. Jorge Luis Martínez, responsible for SEAT S.A. Logistics Innovation, said the future will see an integration of the company’s current outdoor drones with the indoor drones to improve parts transportation both inside and outside the workshop. “We could connect nearby suppliers with the factory,” he said, “extending their supply line directly to the production line and without having to rely on warehousing options for certain electric car components in the future.”

 
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