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From the September Issue


The Charlotte Region Intelligence Report

You can access our exclusive report via digital edition, or in smaller morsels:

  • Introduction: Charlotte Is Trending Young, Diverse and Next-Level
  • Advanced Manufacturing: Bank on It: Tech and Manufacturing Combine to Diversify Charlotte’s Economy
  • Life Sciences: Coming Out Party: A $1 billion blockbuster from Eli Lilly and Co. headlines a regional biosciences economy on the rise.
  • Higher Education: ‘Unique in the United States’: The Higher Education Community Makes Greater Charlotte Even Greater
From the September Issue


Going Clean?

Michigan delivers energy advantages and more.

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Already known for its data center cluster, Oregon last week welcomed a major investment from Intel focused on making those data centers better. The company calls this $700 million, 200,000-sq.-ft. facility an R&D “mega lab focused on innovative data center technologies and addressing areas such as heating, cooling and water usage.” Construction on the lab will begin this year at the Jones Farm campus in Hillsboro, with opening expected in late 2023. Intel also introduced what it called “the technology industry’s first open intellectual property (open IP) immersion liquid cooling solution and reference design.” Sandra L. Rivera, Intel executive vice president and general manager of the Datacenter and AI Group, said “The future of the data center and data center design is based on innovative and sustainable technologies and practices, and I’m proud of the work we’re doing every day to help make a sustainable future a reality.” In addition to Site Selection’s annual Sustainability Rankings, the July 2022 issue will feature an exclusive contribution from the experts at Uptime Institute, known as the global standard bearer for digital infrastructure performance.

Source: Conway Analytics


Last week Medacta, the Swiss company specializing in the design, production, and distribution of innovative orthopedic products, as well as the development of accompanying surgical techniques, opened the doors to its new offices in Rancate, within the canton of Ticino. “With an expansion of 2,100 square meters supporting the creation of more than 150 new jobs, the new building complements and works in complete synergy with the Castel San Pietro headquarters,” the company said. Medacta was founded in Ticino in 1999, and there’s more to come. “To support this growth, we have also initiated a new project here in Ticino, with a plan to invest in the upcoming years around CHF 40 million [US$41.4 million] potentially leading to the creation of more than 300 new jobs,” said Alessandro Siccardi, supply chain director of Medacta. In total, Medacta plants in Ticino are foreseen to cover more than 36,800 sq. m. or 396,124 sq. ft.

Source: Conway Analytics





A Shining Light in the Lone Star State

Booming Conroe is ready for its day in the sun.

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Graph courtesy of BoldData

Site Selection for 68 years has documented company facility investments. But what do you know about total companies in existence? BoldData last week said the world has now surpassed 300 million companies for the first time ever: 304,495,506, to be exact. China, with more than 71.8 million companies, outpaces the U.S. with more than 60.7 million. Next come India (nearly 22.4 million), Brazil (nearly 21.6 million) and France (more than 12.3 million). Why the big number? For one thing, says BoldData, the number of freelancers/self-employed has doubled over the past six years, and now stands at nearly 104 million. The data company says more than half of all companies (166.38 million) are small and medium-sized with between two and 100 employees. The number of large companies with more than 100 employees is 1.96 million.


Photo courtesy of World Economic Forum/Sikarin Fon Thanachaiary

This photo shows Klaus Schwab, founder and executive chairman, World Economic Forum, standing beside a live broadcast of Volodymyr Zelenskyy, President of Ukraine, as he addressed the World Economic Forum Annual Meeting 2022 in Davos-Klosters, Switzerland, earlier today. In addition to expressing regret that the world did not act sooner in a “preventative” way, Zelenskyy “called on countries to help reconstruct the country after the war, via 'United 24' — a fund set up to rebuild the country,” said a WEF account of the speech. He cited more than “half a trillion dollars of losses” with “the urgent need to rebuild entire cities and industries,” said the WEF account. Today’s proceedings also include a discussion with Ukrainian former boxers, civic and now resistance leaders Vitaliy and Wladimir Klitschko, to share how the Russian invasion of Ukraine has affected them, Kyiv and their country.