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

NEBRASKA

Strongest Job Recovery Market Resides In Nebraska

A conversation with Anthony Goins, director of the Nebraska Department of Economic Development, shows how the Cornhusker State is flexing its muscle in rebounding from the pandemic.

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From the September Issue

INVESTMENT PROFILE: MARYLAND

Maryland Makes Sense for Cybersecurity

“I get to chase bad guys every day,” one executive tells Gary Daughters. “It’s cool to be involved in the security of the world.”

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 PROJECT WATCH 

California

Officials cut the ribbon on this new technical operations center early this month. The 407,000-sq.-ft. facility will be the workplace for more than 500 employees working on both aircraft maintenance and ground service equipment. The facility’s hangar is approximately 256,000 sq. ft. and will be able to accommodate up to six narrow-body or two wide-body aircraft at a time. The project is one of several underway in the modernizing of LAX, including $573 million in terminal and concourse investments by United, which operates an average of 103 flights a day out of the airport.

Source: Conway Analytics

Indiana

This investment by Bay Area integration platform-as-a-service (iPaaS) firm Celigo was announced earlier this year. In addition to its HQ in San Mateo and an office in Roseville, California, the company also operates sites in Hyderabad, India; Amsterdam; and Manila, Philippines. The Indiana project is part of a wave of investments in Indy by tech companies, among them Tangoe, Wunderkind, jobvite and pharmacy automation software firm Innovation Associates, which relocated its HQ from New York to Indy and is creating 420 positions over several years. Over the summer, Jordan Isaacs of TechPoint (an organization devoted to attracting high-wage tech jobs to Indiana) noted that that metro Indianapolis has attracted more than $7 billion in tech transactions and investments over more than a decade, including major investments from Salesforce and Infosys.

Source: Conway Analytics

 

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 EVENTS 

 

 CHOOSE WASHINGTON 2021-2022

WASHINGTON STATE REGION PROFILES

Evergreen Views

Washington’s eight geographic regions offer diverse strengths and scenic beauty.

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From the September Issue

AGRICULTURE & FOOD MANUFACTURING

From Alpacas to Zucchini, It’s Grown in Washington

Yes, the state is responsible for 70% of U.S. apple production, but milk, potatoes, hops, blueberries and other commodities also play huge roles in the state’s agriculture economy.

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 SITE SELECTION RECOMMENDS 
This infographic shows that 85% of Honduran migrants surveyed said economics, such as a better job or sending remittances, was a motivation for migrating.
Infographic courtesy of the researchers

A new study released last week by a team at MIT documents the factors driving more than 5,000 migrants to the U.S. from Guatemala, El Salvador and Honduras, and where they ended up locating. “Charting a New Regional Course of Action: The Complex Motivations and Costs of Central American Migration,” is the product of a collaboration among the UN’s World Food Program (WFP); the Migration Policy Institute (MPI), a nonpartisan think tank; and MIT’s Civic Data Design Lab.

“At the heart of what’s causing migration is that people don’t have enough money to provide for their basic needs,” said Sarah Williams, an MIT professor who helped produce the report. The urge to migrate has ratcheted upward since the pandemic’s onset: About 43% of people surveyed in 2021 were considering migrating, compared to 8% in 2019, an MIT release states. “That change comes as food insecurity in the region soars: The WFP estimates that 6.4 million people in the three countries were suffering from food insecurity in 2021, up from 2.2 million in 2019.” Survey respondents cited low wages, unemployment and minimal income levels as factors increasing their desire to emigrate — ahead of reasons such as violence or natural disasters.

In contrast to the 43% of people who were considering migrating, only 3% of respondents said they had made concrete plans to migrate (though 23% of those experiencing food insecurity had made concrete plans to leave). “One likely reason more people do not migrate is cost,” the release stated. “An estimated 1.8 million Central Americans have attempted to migrate in the past five years, costing them collectively about $2.2 billion per year, which is equal to about one-tenth of Honduras’ annual GDP.”

 

 PHOTO OF THE DAY 
Photo courtesy of Mall of America

At 5.6 million sq. ft., Mall of America, which opened in 1992, is located in Bloomington, Minnesota, adjacent to MSP International Airport. It is the largest shopping and entertainment complex in North America with more than 520 retail stores and restaurants; the Nickelodeon Universe indoor theme park (pictured); and SEA LIFE Minnesota Aquarium.

CBRE Retail Property Management surveyed personnel at 16 of the malls and large-format retail centers that it manages across the U.S. (not including Mall of America) and found that foot traffic and sales were up, with most centers meeting or exceeding 2019 traffic numbers, and more than half reporting sales equal to or exceeding 2019. Popular categories were shoes, cosmetics and apparel. The latter was a major traffic draw with steep discounts.

“The feedback from our retail centers shows that people are more comfortable gathering this year and their activity will be a boost to not only retailers, but entertainment outlets such as theaters and restaurants,” said Brandon Isner, head of Americas Retail Research for CBRE, in a release this morning. “This narrative is backed up by data illustrating that retail foot traffic has steadily increased throughout October. Although consumer sentiment has taken a dip, retail sales remain strong. Supply chain issues may hamper smaller retailers, but inventory likely won’t be a problem for larger retailers with purchasing power.”

 
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