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

BUSINESS CLIMATE RANKINGS

Brighter Horizons

After tying for first place with Georgia last year, North Carolina pulls into the top spot.

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From the September Issue

TOP FTZS

Zones of Note

Our unique index finds that Texas, California and Louisiana lead the way in the U.S., while best practices can be found across the globe.

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From the May Issue

INVESTMENT PROFILE: SAN BERNARDINO COUNTY, CALIFORNIA

Cincinnati’s ‘Living Room’ Boosts Regional Performance

A renaissance in the Queen City’s downtown is just one aspect of this bi-state region’s economic development momentum..

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 PROJECT WATCH 

Italy

National government leaders showed up recently for the inauguration of this new distribution center in Landriano, near fashion capital Milan, from YOOX NET-A-PORTER. “For the first time in the company’s history, the operations of both NET-A-PORTER and MR PORTER will be managed from this global hub,” said the company, calling it one of its most important logistics and operations investments in the last 20 years. The hub will effectively double inventory capacity for both brands, and also will include a digital production hub dedicated to “creative innovation and the creation of visual content for Italian and global luxury brands.” Geoffroy Lefebvre, CEO of YOOX NET-A-PORTER, said the new global hub “reflects our commitment to innovation and long-term growth, and to Italy in particular, the country where YOOX was founded 21 years ago. We are proud to continue investing in local talent and to constantly improve the shopping experience for our more than 4.5 million customers across 180 countries worldwide.” The company has offices and operations in the U.S., Europe, Middle East, Japan, China and Hong Kong, including nine distribution centers and seven digital production facilities.

Source: Conway Analytics

California

Farmer-owned cooperative California Dairies in late September broke ground at a 30-acre site in northern Kern County for a new 220,000-sq.-ft. ultra-high temperature (UHT) and extended shelf-life (ESL) milk processing facility. “This is an exciting day and marks the launch of a transformational investment being made by our farmer-owners,” said Brad Anderson, CDI’s President and Chief Executive Officer, as he made opening comments. “This new facility will process our Kern County-produced milk into innovative fluid milk products that have been seeing growth in demand throughout the U.S. and international markets.” The region has had significant milk production but no local processing facilities, the co-op said. More than 300 member dairies ship 17 billion pounds of milk annually from their farms to California Dairies, headquartered in Visalia in the state’s Central Valley, with other operations in Fresno, Los Banos, Tipton and Turlock. The organization last year closed a facility in Artesia that had been operating since 1958.

Source: Conway Analytics

 

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 CHOOSE WASHINGTON 2021-2022

BUSINESS CLIMATE OVERVIEW

Anatomy of a No. 1 Ranking

Here’s how Washington delivers the “Best State” in the nation.

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From the September Issue

GOVERNOR Q&A

Leader of the Pack

Washington Gov. Jay Inslee shares insights into factors that created the state’s leading status.

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 CUSTOM CONTENT DIGITAL EDITION 

The entire Choose Washington 2021-2022 publication — complete with exclusive leadership interviews, industry sector reports and profiles of projects and communities across the state — is now available via Digital Edition.

 

 SITE SELECTION RECOMMENDS 
Top 20 Life Sciences Startup Ecosystems

The team at Startup Genome, with LaunchVic, has released the Life Sciences Edition of the 2021 Global Startup Ecosystem Report, with rankings topped by Silicon Valley, Boston, New York, London and San Diego. Nearly half of life sciences unicorns between 2015 and 2020 were created in those top five ecosystems. “Series A investment in life sciences crossed $10 billion in 2020,” the report states. Overall, the top 25 ecosystems are led by North America (48%), followed by Europe (24%) and Asia (20%), with MENA and Oceania each accounting for one ecosystem in the top 25.

“Startup ecosystems with a density in talent, funding, programs and academics in life sciences should be focused on building on these strengths and creating policies for life sciences founders to thrive,” said Marc Penzel, founder and president of Startup Genome. The National Venture Capital Association (NVCA) thinks a startup visa allowing foreign-born entrepreneurs to launch high-growth companies and create jobs would be one of those policies. The “Let Immigrants Kickstart Employment (LIKE) Act” was introduced this summer, following publication earlier this year of a new NVCA report entitled Immigrant Entrepreneurs Can Drive Economic Growth in the Pandemic Recovery.

Top Emerging Life Sciences Startup Ecosystems

 

 PHOTO OF THE DAY 
Photo courtesy of CMU and Adrianople Group

Where would you guess this international campus of Carnegie Mellon University is located? If you guessed Kigali, Rwanda, you have earned a gold badge. Carnegie Mellon University Africa was founded in the Kigali Special Economic Zone a decade ago, and is a catalyst for innovation. Learn more about its economic development role and the region’s larger-scope special economic zone (SEZ) ambitions in an exclusive Online Insider coming to SiteSelection.com in November from Thibault Serlet

 
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