From the September Issue


It’s Time to Rethink ‘Quality of Life’

Will future business location rankings such as Site Selection’s Business Climate Rankings see quality of life moving up in companies’ top 10 criteria? Editor in Chief Mark Arend bets they will.

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From the September Issue


When Speed To Market Matters, Investors Go Inland

How San Bernardino County became the logistics capital of Southern California.

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Novelis, the aluminum rolling and recycling giant headquartered in Atlanta that saw net sales of $12.3 billion in FY2021, has announced plans to invest approximately $500 million in growth capital projects, including this $375 million investment in China and a $130 million investment at its plant in Oswego, New York. The China expansion will allow the company to implement closed-loop recycling partnerships with automotive customers in Asia. “As a key strategic synergy of the Aleris acquisition completed last year, the investment will create a fully integrated supply chain for the automotive market in China between our Zhenjiang rolling and recycling facility and Changzhou automotive finishing plant — from coil production to heat treatment to closed-loop recycling,” the company said. “It will also free up rolling capacity at the company's Ulsan Aluminum joint venture in South Korea to serve the can and specialty products markets. The Zhenjiang plant will continue serving the aerospace and industrial plate sectors.”

“China is one of the fastest-growing vehicle markets in the world and its automakers are gaining market share across Asia,” said Sachin Satpute, executive vice president and president of Novelis Asia. “Therefore, this strategic investment is needed to keep pace with growing demand, particularly from EV companies.”

Source: Conway Analytics


In late October Boehringer Ingelheim opened a new tablet production facility in its hometown. The facility will employ around 75 workers. “The Solids Launch Factory is further evidence of how we are modernizing production in Germany,” said Sabine Nikolaus, Boehringer Ingelheim’s country managing director for Germany. “The Ingelheim site is synonymous with the production of drugs with highly complex manufacturing technologies.” “As a smart factory, this new plant combines both digitalization and sustainability as key drivers of innovation,” said Rhineland-Palatinate Minister President Malu Dreyer. “For the state government, Boehringer Ingelheim is a central partner in our aim to make Rhineland-Palatinate a leading location for biotechnology.”

Around 52,000 Boehringer Ingelheim employees serve more than 130 markets in three business areas: human pharma, animal health, and biopharmaceutical contract manufacturing.

Source: Conway Analytics




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Step by Step, Ferociously

That’s the motto of Blue Origin, the space exploration company founded by Jeff Bezos that got its start and continues to expand in Washington.

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From the September Issue


Road to Recovery

Chris Green, assistant director of the Office of Economic Development and Competitiveness at Washington State Department of Commerce, shares his perspective on the health of the state’s business climate and lessons learned from the state’s robust pandemic response.

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On October 21, 2021, the World Bank Group and World Association of Investment Promotion Agencies announced the winners of the jointly launched Strengthening IPA Advocacy Services 2021 Award Competition, which aimed to find and award international best practices of investment promotion agencies (IPAs) in advocating for reforms to improve the investment ecosystem. From more than 40 national and subnational IPA reforms submitted to the competition, the winners were:

Gold: The Ethiopian Investment Commission, because the country “sought the inputs of the private sector to better understand key reforms needed to enhance its investment climate,” resulting in revising its investment code, opening new sectors to foreign direct investment (FDI) that were previously closed, and enhancing its investment administration.

Silver: Toronto Global, which “developed the Shaping Our Future Playbook, focused on understanding how COVID-19 was impacting the region’s economy and recommending implementable reforms to reimagine growth across the region and turn it into an innovation corridor.

Bronze: Invest India, for ramping-up innovation and startup ecosystems in India.

Honorable Mention: Invest Cyprus for its reforms focused on creating thriving ICT and Fintech Sectors and the Bangladesh Investment Development Authority for enhancing the investor experience through its one-stop-shop.

Looking to raise the game of your own region’s or nation’s IPA? Check out the 2020 World Bank report “Strengthening Service Delivery of Investment Promotion Agencies: The Comprehensive Investor Services Framework.



Managing Editor Adam Bruns made this photo from cliffs 372 feet above the Pacific Ocean at Torrey Pines Gliderport in La Jolla, California, on a foggy early morning last Thursday while attending the Institute for Citizens & Scholars Higher Education Media Fellowship Symposium nearby. Active since the late 1920s, the Gliderport sits between the Salk Institute for Biological Studies and Torrey Pines Golf Course, the public course that hosted this year’s U.S. Open Golf Championship.