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FROM SITE SELECTION MAGAZINE, MAY 2022 ISSUE
From the May Issue

ARIZONA

From Batteries To Biosphere 2, Tech Abounds In AZ

Find out some of the reasons why Arizona is is a top 10 state this year and No. 2 in the nation over the next decade for projected tech job growth.

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From the September Issue

ASSOCIATION UPDATE

IAMC Insider

IAMC Chair Scott Cameron addresses the talent shortage, and John Salustri reports on how corporate culture is dealing with the Great Resignation.

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 PROJECT WATCH 

Cambodia

This investment was one of four projects approved last week by the Council for the Development of Cambodia (CDC), three of them located in the Sihanoukville Special Economic Zone. Kai Feng is building a plywood production plant in the SEZ’s Westport Special Zone, the same district where Mei An Leatherware will invest $10.5 million and create 1,000 jobs in a new luggage factory. Amto Chemical Technology is building a paint and glue factory in the Xigang SEZ within the Sihanoukville SEZ. The outlier is Golden Sun Fashion Apparel’s 926-job, $5 million garment factory in Phnom Penh's Phusenzhi District. In an interview with The Phnom Penh Post, Cambodia Chamber of Commerce Vice President Lim Heng credited the uptick in project approvals to “the improving political situation, peaceful environment, more favorable investment laws, an upswing in trade with more trading partners, benefits from bilateral and multilateral free trade agreements (FTA) and progress on new deals, as well as favorable tariffs provided by a slew of countries.” The Chamber recently opened its first overseas office in Toronto.

Source: Conway Analytics

Ontario

Chicago-based investment research firm Morningstar last week announced it’s adding 350 jobs in Toronto this year, bringing its Canadian payroll to more than 1,000 employees. The new openings include approximately 250 technology roles for positions such as software engineer and developer, product manager and project manager. The remaining roles will be in ESG and credit rating capacities. “When we decided to grow our footprint in Canada, Toronto was the obvious choice,” said Kunal Kapoor, CEO of Morningstar Inc. “Toronto is a world-class city with a thriving technology sector and a wealth of financial industry talent.” Morningstar has operations in 29 countries.

Source: Conway Analytics

 

 

TEXAS ECONOMIC DEVELOPMENT GUIDE 2022-2023

AUTOMOTIVE

Back to the Future? Tesla, Delorean Taking Texas There

Delorean reinvents itself as an EV maker in the land of the Alamo.

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 SITE SELECTION RECOMMENDS 

As documented by The New York Times earlier this month, while some states are trying to lure bitcoin mining operations, others aren’t so sure. New York has passed the nation’s first moratorium, imposing “a two-year ban on new cryptocurrency mining permits, specifically at fossil-fuel burning plants, which some businesses have repurposed to power the energy-intensive activity,” the paper reported, noting incentives to attract the industry that passed recently in Kentucky and Illinois. Look to resources such as Frost Brown Todd to get the lay of the land in this dynamic industry.

 

 PHOTO OF THE DAY 
Photo courtesy of Mason Morse Ranch Company

A release last week announced the May sale of the Kremer Ranch, encompassing 16,517 acres of deeded and BLM acres in the heart of the Big Horn Basin in Wyoming. In addition to ample livestock and equine facilities, the property boasts 2.5 miles of frontage along the Shoshone River, rated among the top 10 freestone trout fisheries in the Rocky Mountains, where several subspecies of cutthroat trout can be landed. (Freestone means naturally fed by snowmelt and rainfall.) “Teddy Roosevelt once called the North Fork corridor the most scenic 50 miles of land in America,” said the release from Mason Morse Ranch Company, noting that destinations surrounding the ranch include the Bighorn National Forest, Pryor Mountain Wild Horse Refuge, Medicine Lodge Archaeological Site, Red Gulch Dinosaur Track Site, Shell Falls, Paintrock, and the famous ancient Medicine Wheel. “Wyoming has low property taxes, low sales tax, and no personal income tax,” the company said, “and is becoming a place to live, work and play.”

 
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