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

GLOBAL AUTOMOTIVE

It’s EVerywhere

And automakers really like the southern U.S. for their factories of the future.

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From the September Issue

INVESTMENT PROFILE: MISSISSIPPI

Diving into the Blue

Mississippi is all in on the Gulf Coast’s innovative blue economy.

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 CONWAY ANALYTICS SNAPSHOT 
Infographic courtesy of the Site Selectors Guild

The Global Chase for Talent,” a report released by the Site Selectors Guild two weeks ago, finds that 78% of the organization’s surveyed members (85% among those working office projects) say talent shortages are impacting where companies will consider investing in new or expanded facilities, and 41% believe skills shortages are the new normal. The infographic shows what they think of incentives created to attract talent (not companies).

The surveyed consultants believe manufacturing and transportation/ warehousing will be the industries most impacted by the global talent crisis. And 63% say companies are increasingly conscious of state and local laws and policies — such as social policies/laws, voting laws and mandates related to COVID-19 — that could be hot-button issues for recruiting and retaining talent.

The October survey also highlights six states the site selection consultants believe are implementing successful talent attraction and retention strategies — though the Guild declined to list them in any order but alphabetical: Alabama, Georgia, Kentucky, Tennessee, Texas and Virginia. Research how those six states performed in our most recent Governor’s Cups, Prosperity Cup and Business Climate rankings, the latter two of which were topped by North Carolina (unnamed in the Guild’s list). As for talent, see how the states fared in our Workforce Development rankings, the next edition of which will appear in the January 2022 issue of Site Selection. — Adam Bruns

 

 EVENTS 

 

 DIGITAL EDITION 

GEORGIA

The 2021 Georgia Economic Development Guide Digital Edition is live. Inside you can access reports on the state’s global FDI and trade initiatives; infrastructure; higher education and research institutions; workforce leadership; and growing reputation for entrepreneurship and innovation, among other topics. Read our interview with Gov. Brian Kemp. Check out our profile of metro Atlanta. And dive into more than a dozen industry sector reports ranging from fintech and logistics to defense, energy, automotive and film and entertainment.

 

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 PROJECT WATCH 

Texas

Samsung on November 24 announced this mammoth semiconductor plant investment, the largest the company has ever made in the U.S., where the company already has been manufacturing chips for 25 years. “After reviewing multiple locations within the U.S. for a potential manufacturing site, the decision to invest in Taylor was based on multiple factors, including the local semiconductor ecosystem, infrastructure stability, local government support and community development opportunities,” the company said in a release. “In particular, the proximity to Samsung’s current manufacturing site in Austin, about 25 kilometers southwest of Taylor, allows the two locations to share the necessary infrastructure and resources.” The project brings Samsung’s total investment in the U.S. to more than $47 billion since beginning operations in the country in 1978. The 2,000 new jobs increase a total U.S. headcount for Samsung that is already north of 20,000. The new site, projected to kick into gear in the second half of 2024, is expected to serve as a key location for Samsung alongside its new production line in Pyeongtaek, South Korea. Watch for more reporting on this project in Site Selection and at SiteSelection.com.

Source: Conway Analytics

India

As reported by The Economic Times, IBM signed a lease for office space in a special economic zone (SEZ) in Bhartiya City as it consolidates its Bengaluru operations. Bhartiya City has 3 million sq. ft. of office development, and the newspaper reports that IBM is in additional talks for another 200,000 sq. ft. in the non-SEZ portion of the development. According to published reports, IBM recently has launched software development centers in Kochi, Kerala, and Ahmedabad, Gujarat; a Client Innovation Center specializing in design, software engineering, and analytics in Mysuru; and a BPO operation for its consulting division in Hyderabad, Telengana.

Source: Conway Analytics

 

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 CHOOSE WASHINGTON 2021-2022

MILITARY & DEFENSE

Standing Tall

A longtime relationship with the military opens new opportunities.

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From the September Issue

COMMUNITY AND TECHNICAL COLLEGES

Focused on Excellence

Washington’s community and technical college system meets the needs of industry with Centers of Excellence.

Read More >>>

 

 SITE SELECTION RECOMMENDS 

JLL yesterday released its Premium Office Rent Tracker report comparing and ranking 127 office markets and submarkets in 112 cities, including newly added markets in Central Europe, China, the U.S. and Africa. Among its findings: New York-Midtown is now tied with Hong Kong-Central for most expensive in the world, and 12 of the 20 most expensive markets are in Asia. A full 84% of the premium office buildings surveyed (100% in high-end markets) have a certification in environmental sustainability, such as LEED or BREEAM. And despite reports of pandemic-influenced movement out of central business districts, JLL reports, “In 2021 the rental gap between core and decentralized submarkets has widened for the key gateway cities — Hong Kong, New York, Beijing and Tokyo — as core business districts continued to attract healthy interest from corporate occupiers.”

 

 PHOTO OF THE DAY 

During morning runs from his home in Arlington, Virginia, to the Lincoln Memorial and back, Travis Britt, the brother-in-law of Site Selection Executive Vice President Ron Starner, often snaps a few photos. This one, taken on the morning of the 25th Thanksgiving he and his wife Ronda have celebrated in the D.C. area, was particularly spectacular.

 
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