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

GREAT LAKES

Report: Tonnage Volumes Are Bouncing Back

That’s the shipping news from the Great Lakes Seaway Partnership.

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From the September Issue

NEW ENGLAND

Will a Shift Provide a Lift?

A Boston Fed economist’s examination of sectoral mobility may hold lessons for the post-COVID-19 labor shuffle.

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 CONWAY ANALYTICS SNAPSHOT 
Digital Realty says Data Gravity Intensity, as measured in gigabytes per second, is expected to grow across 53 metros by a CAGR of 139% globally through 2024.
Graph courtesy of Digital Realty

Digital Realty this week released a new metric, the Data Gravity Index, and a 41-page report measuring the intensity of data gravity across 23 industries in 53 global metro areas. What’s data gravity, you ask? Good question. It’s based on “analysis of thousands of attributes of Global 2000 Enterprise companies’ presences in each metro, along with variables for each metro, including GDP, population, number of employees, technographics, IT spend, average bandwidth and latency, as well as flows of data.” A metro’s score, as measured in gigabytes per second, provides a relative proxy for measuring data creation, aggregation and processing, says the company.

Some might think a high score would be a good thing, as it reflects dynamic business activity. But in the realm of data processing, it’s an obstacle. “As a cohort, Global 2000 Enterprises have the greatest propensity to need to address Data Gravity,” the report stipulates, noting that these companies spend $2.6 trillion annually on IT infrastructure and networking serving millions of users and endpoints. From 2020 to 2024, the report says, the overall top six metros with the highest compound annual growth rate in data gravity (in descending order) are:

  1. Jakarta, Indonesia
  2. Singapore
  3. Rome, Italy
  4. Hong Kong
  5. Melbourne, Australia
  6. Atlanta, Georgia

The Conway Projects Database has tracked 69 data centers in those six metro areas since 2015, with 28 of them landing in metro Atlanta and 25 in Singapore. — Adam Bruns and Daniel Boyer

 

TEXAS ECONOMIC DEVELOPMENT GUIDE 2022-2023

FOOD PROCESSING

Food Producers Plant Roots in the Lone Star State

Nearly 40-years of steady growth at Frito-Lay’s plant in Rosenberg and Leprino Foods’ investment in Lubbock are just two highlights in a thriving sector.

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 SITE SELECTION RECOMMENDS 

Click Here to Enlarge

Scattergram map courtesy of Georgia State University

Where Blacks and whites live in relation to each other in metro Atlanta’s inner 10 counties has changed dramatically during the last 50 years, according to new research by economists at Georgia State University. “Population growth and landmark federal policy precipitated substantial changes in Black residential patterns — particularly in the last 20 years — in a metro region that had been deeply segregated by race,” the university said.

 

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 PROJECT WATCH 

Saskatchewan

After millions of dollars of outlay over years and an announced commitment to further investment made last August, BHP’s largest potash mine in the world received extra momentum this month when Canadian Federal Minister François-Philippe Champagne announced the Government of Canada’s intent to support and advance the project’s development with up to a C$100M investment. The investment is through the government’s Strategic Innovation Fund (SIF), which supports large-scale, transformative, and collaborative projects that will help position Canada to prosper in the global knowledge-based economy. “. “This support from the Canadian government is a belief by a key stakeholder that Jansen potash mine will be one of the most technically advanced in the world and the most sustainable,” the UK-Australian conglomerate said. The company plans to create 3,500 jobs at peak construction and around 600 ongoing jobs through mine operations. Look for more Canadian project news in the annual Canada’s Best Locations report in the September issue of Site Selection.

Source: Conway Analytics

Nevada

Cros is planning to construct this 600,000-sq.-ft. distribution and warehouse facility in North Las Vegas, creating 250 jobs in the first two years of operations, with the potential for 325 jobs within five years. The company was one of seven approved for state incentives at the Nevada Governor’s Office of Economic Development (GOED) Board of Directors meeting held last week, including four in southern Nevada. “Since January of 2019, the 86 companies that have received abatements will create 13,227 jobs over five years,” said Governor Steve Sisolak. “These companies are making $2.4 billion in capital investments and will generate $1.2 billion in new net tax revenues over the next decade.” Watch for the Nevada state spotlight in the September issue of Site Selection.

Source: Conway Analytics

 

 

 PHOTO OF THE DAY 
Photo courtesy of Eisai

Symbolic of a New York/New Jersey life sciences market that ranked No. 4 in CBRE’s inaugural Life Sciences Talent Report in June was the March opening of Eisai Inc.’s new U.S. headquarters at the ON3 development spanning Nutley and Clifton, New Jersey. The LEED-certified facility will bring approximately 800 jobs to the area and, at full capacity, the new facility will accommodate 1,300 employees, though one aspect of the new HQ is the company’s hybrid workplace model providing eligible site-based employees the opportunity to work remotely for up to three days per week.

The company’s sustainability priorities go beyond the emissions-conscious scheduling and the location at Prism Capital Partners’ repurposing of the former Hoffmann-La Roche campus site. As documented by Eisai’s Terrell Carothers and Teresa Cronin in a blog posted in April, the company partnered with Green Standards, which specializes in “sustainable decommissioning” — helping companies manage the removal and redistribution of workplace assets through charitable donations. In other words, the old office stuff doesn’t get mindlessly chucked into dumpster after dumpster.

The collaboration turned what would have been more than 400 tons of corporate waste into $42,600 in charitable donations to 10 non-profit and charitable organizations in the New Jersey area, including schools and libraries.

 
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