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FROM SITE SELECTION MAGAZINE, MARCH 2022 ISSUE
From the September Issue

TOP INDUSTRIES

Machinery Keeps on Churning

And the big wheels of logistics keep on turning, as we examine trends in global facility project data from 2021.

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From the September Issue

CONNECTICUT

High-Tech Connection

Connecticut boosts its Innovation Corridor and the workforce to go with it.

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From the May Issue

INVESTMENT PROFILE: DELAWARE

Big Fish or Small, Delaware Has Your Back

“Delaware made us feel wanted and that they would help us be successful in the state,” an executive from biopharma company Incyte tells Site Selection. “The other states did not.” Learn more about why the First State makes sense for the company’s Wilmington HQ, where it now employs more than 1,000 people.

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 CONWAY ANALYTICS SNAPSHOT 

Two new reports issued by PitchBook this month offer insight into venture capital funding for female-founded or female co-founded companies in Europe and in the United States over the past 14 years. The analysis, which will be updated monthly, features deal counts by country or state, industry and stage. “Last year, companies founded solely by women garnered just 1% of the total capital invested in venture-backed startups in Europe,” one report states, while the other notes a slightly higher but still small proportion of 2.1% in the U.S. However, such funding has trended up in recent years, and “2021 saw the creation of several women-led funds, incubators for female founders and more new companies,” PitchBook says. In the U.S. VC ecosystem, “female founders continue to exit faster and at higher valuations than their all-male counterparts. In fact, 2022 is on pace to be the 12th straight year that female-founded companies exited faster than the broader market.”

Maps courtesy of PitchBook
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 DIGITAL EDITION 

The Digital Edition of the March 2022 issue of Site Selection is now available!

A screen-based facsimile of the print edition complete with messages from supporting advertisers, the March issue’s Digital Edition features the publication’s much-anticipated Governor’s Cups, Top Metros and Top Micropolitans rankings derived from our first chance to examine complete data from 2021. You’ll also find the magazine’s annual look at the world’s Top Industries based on those data, as well as the annual Mississippi River Corridor rankings.

The March Digital Edition also includes an exclusive SITE Visit report by Ron Starner on Intel’s $20 billion bet on Ohio; reports on Vietnam, airport cities, agribusiness and data center location trends; and an exclusive Q&A with the CEO of fast-growing biopharmaceutical firm Cambrex. In addition to the Hampton Roads Intelligence Report, you’ll also find state spotlights on California, Georgia, Ontario, Indiana, New Mexico, Illinois, South Carolina, Minnesota and Connecticut; and regional roundups from the U.S. Northeast and South Central regions. And don’t miss the Site Selection Investment Profiles about nine different territories and organizations: San Bernardino County, California; Delaware; York Region, Ontario; Round Rock, Texas; Hoosier Energy; Team California; Indiana Municipal Power Agency; Conroe, Texas; and San Joaquin County, California.

It’s 270 pages (one of our thickest issues ever) of business intelligence you’ll find nowhere else, designed to inform how you approach your own company’s site portfolio and location decision-making.

 

Site of the Week: The Manna Site, Marion County, South Carolina
From the January Issue

The North Eastern Strategic Alliance (NESA) has the absolute perfect site for your next food processing facility.

The Manna Site in Marion County, South Carolina has been food processing certified by Austin Consulting. This 33-acre site is pad ready, has been through the due diligence process, and is located within a well-established industrial park. The site sites adjacent to 4-lane U.S. Highway 501 which carries you directly to I-95 in roughly 15 minutes. Not to mention the site is also only 15 miles from Inland Port Dillon, which has direct rail access to the deepwater Port of Charleston. This site makes it extremely easy for all of your logistical needs.

Have we piqued your interest? Take a 360-degree tour of the site by clicking the image above. If you want to learn more contact NESA at info@nesasc.org or at 843-661-4669.

 

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 PROJECT WATCH 

North Carolina

Amgen this week announced the groundbreaking for its newest biomanufacturing facility, located in Holly Springs, North Carolina, where the company expects to create more than 350 new jobs. The site is expected to be operational by 2025. Robert A. Bradway, Amgen’s chairman and CEO, called the state “a major hub for biopharmaceutical innovation.” In its announcement, the company stated, “Amgen's selection of North Carolina was driven, in part, by access to diverse talent. Amgen is a founding member of the OneTen Coalition, a coalition of 35 of the world's largest, best-known companies which plans to use its resources to change the employment paradigm for Blacks in the United States. The Coalition aims to hire 1 million Black Americans into good-paying, family-sustaining jobs over the next 10 years. To achieve this goal, Amgen will work with businesses, educational institutions, and training partners to better develop, retain and advance diverse talent, focusing on Black Americans without four-year college degrees.” The California-based company employs 24,000 worldwide, with manufacturing facilities in California, Ireland, Netherlands, Ohio, Puerto Rico, Rhode Island and Singapore.

Source: Conway Analytics

Georgia

Last week, Georgia Gov. Brian P. Kemp announced that vaccine and therapeutics maker Moderna will establish a new Enterprise Solutions Hub in Atlanta where it will create more than 150 new jobs over the next two years. Operations are expected to begin in the second quarter of this year. “We are pleased to be expanding our footprint after a year of tremendous growth, which underscored the need for business services activities in proximity to skilled talent,” said Moderna CEO Stéphane Bancel, Chief Executive Officer of Moderna. The state said Atlanta’s “highly skilled and diverse workforce, vibrant business community, and growth trajectory were identified as key factors in Moderna’s decision to locate their Enterprise Solutions Hub in the metro area.” The operation will initially host finance, human resources, procurement, and digital solutions. New jobs will focus on digital/IT, finance, HR, and procurement positions.

Source: Conway Analytics

 

 

KANSAS: TO THE STARS

BIOSCIENCE

Serving the World

Life sciences investments in Kansas serve global animal and human health needs.

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From the September Issue

LOGISTICS & DISTRIBUTION

Supply Chain Central

When companies are looking to right-shore operations, manage costs and bring balance to a tangled global supply chain, there’s no more central place than Kansas.

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 SITE SELECTION RECOMMENDS 

The NAIOP Research Foundation this week released a new report that predicts the conversion of increasingly vacant office space to meet the need for more medical, life sciences and multifamily space. “New Uses for Office Buildings: Life Science, Medical and Multifamily Conversions,” was authored by Emil Malizia, Ph.D., CRE, research professor of city and regional planning at the University of North Carolina-Chapel Hill and president of Malizia & Associates, LLC. “Although it is difficult to estimate the amount of office space that will become available as long-term leases expire in the years ahead, there will probably be an excess supply of office buildings in most markets,” the report states. “This outcome is leading property owners and developers to actively seek alternative uses for these office properties. Strong demand exists for life science lab space, medical office space and rental apartments in many markets due in part to the continuing threat of new viruses, chronic health conditions, an aging population and migration to cities or from one area of the country to another.” Among the advantages of conversions, says the report, are easier-to-obtain permits and other approvals, lower costs for materials and labor, and quicker project completions.

 

 PHOTO OF THE DAY 

Editor in Chief and Vice President of Publications Mark Arend presented the Governor's Cup to Texas Governor Greg Abbott on March 1 in Austin. For the 10th consecutive year, Texas won the race — this time with 1,123 qualified projects in 2021. In addition to multibillion-dollar projects from Texas Instruments and Samsung, “we saw a record number of headquarters moves, too,” Gov. Abbott told Site Selection.

 
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