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

ASIA

Tariff Pause Shines Spotlight on Southeast Asia’s Solar Industry

A presidential proclamation is allowing U.S. domestic solar power equipment manufacturing duty-free access for up to two years to solar cells and modules from Cambodia, Malaysia, Thailand, and Vietnam. We look at where the solar manufacturing projects in those countries have been occurring … and where they’re coming from.

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From the September Issue

INVESTMENT PROFILE: PFLUGERVILLE, TEXAS

Finding the Sweet Spot in Central Texas

An entrepreneurial spirit and a diverse workforce fuel business success in Pflugerville.

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 CONWAY ANALYTICS SNAPSHOT 
Table courtesy of HousingAnywhere

Dreaming of living your best life in a breezy aerie in Europe? Check the rents first.

HousingAnywhere notes that the flexible and borderless lifestyle of the digital nomad started well before the pandemic and has only accelerated since. A rise in U.S. residents searching for a place in major European cities has spurred a rise in rents. The platform’s International Rent Index by City informs us that the top five countries seeing the biggest year-over-year increase in U.S. residents searching for housing options are Spain, Italy, Germany, the United Kingdom and Portugal. The top five cities are London, Berlin, Lisbon, Madrid and Barcelona.

“When cities and countries compete to attract and retain talent, many of the traditional barriers are bound to break down,” says Djordy Seelmann, CEO of HousingAnywhere. “Coupled with different value systems and quality of life each location represents, we foresee that traditional barriers will no longer stop people from living anywhere.” But rents might.

For the 16th quarterly edition of the rent price index, HousingAnywhere analyzed 57,104 properties in 23 cities on the European continent. The sharpest upward spikes have come in Amsterdam, Reykjavik, Hamburg and Barcelona. Not all have seen dramatic rises however: See Turin, The Hague and Athens, or the rising but comparatively reasonable rents in Brussels and Budapest. In the middle range of rents you’ll find Rotterdam, where HousingAnywhere itself is based, employing 200.

Care to find a steady job while your carefree spirit roams? I examined project data from Site Selection’s Conway Projects Database and found 221 projects in those 23 European cities dating back to January 2019. Below is a list of the cities with the most projects since that month. The cities on this list with the lowest current rent cost are Madrid and Frankfurt. — Adam Bruns

City Corporate Facility Investments
Barcelona 44
Lisbon 39
Amsterdam 25
Paris 18
Madrid 13
Berlin 13
Munich 11
Frankfurt 11

 

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Site of the Week
From the January Issue

Henderson, Nevada: Healthy Growth Keeps Healthcare Sector Thriving

All across Henderson, Nevada, powerful growth in the healthcare sector is evident: in the construction of West Henderson Hospital, Valley Health System’s $385 million facility opening in 2024; and in the $150 million expansion that Henderson Hospital completed in 2021. Henderson Hospital also serves as an anchor for Union Village, one of the world’s first integrated, mixed-use healthcare villages.

Located just 15 minutes from downtown Las Vegas, this city of over 325,000 offers compelling demographics as the state’s second largest city and one of its fastest growing, with a robust and diversified economy and a nationally noted quality of life. A precision-aligned talent pipeline is also key: Five of the area’s institutions of higher learning are focused on healthcare training while healthcare-related studies make up 50% of earned degrees and certifications.

To learn more visit https://hendersonnow.com/ today or contact Tom Welch, Henderson’s Economic Development Manager, at (702) 267-1650 or by email at thomas.welch@cityofhenderson.com.

 

2022 MISSISSIPPI DEVELOPMENT GUIDE

R&D

A University Research Consortium Has a Blueprint for R&D Success

Home to eight public universities and four research universities, Mississippi punches above its weight in the research and development arena.

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From the September Issue

DELTA REGION

Delta Strong

How the Delta Council works to bring economic opportunity to all.

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 PROJECT WATCH 

India

French aerospace company Safran earlier this month inaugurated three new production sites in Hyderabad and Bengaluru, India, and announced the construction of a major new facility in 2025. Safran has operated in India for 65 years and now counts 10 facilities and 750 employees in the country. The highest head count of new jobs will be at Digit, the company’s new digital systems/IT operation, which will create up to 1,000 new jobs at this site in Hyderabad and another site in Mumbai. “With these new sites, we’re opening a new chapter in Safran’s long history with the Indian aerospace and defense industries, and we are reaffirming our commitment to the government’s ‘Make in India’ policy and sovereignty strategy,” said Olivier Andriès, CEO of Safran, of the company’s overall plan. Among other factores, airline passenger traffic is set to more than double in the next 20 years. “Through the creation of our largest maintenance and repair center for commercial engines we are also paving the way to expand our MRO activities in India to military engines,” Andriès said. “With our three new production facilities and our major in-house IT center we will triple the number of employees in India over the next four years, building on the excellent local talent base.”

Source: Conway Analytics

South Dakota

As reported by Sioux Falls Business with Jodi Schwan and the Sioux Falls Argus Leader, brothers Eric and Robbie Veurink are investing in this 60,612-sq.-ft. facility to manufacture floor and roof trusses and prefab wall panels. The facility will be located in an industrial park developed by the Hartford Area Development Foundation in this city located on the northwest outskirts of Sioux Falls. Starting with 33 employees, the company plans to ramp up to as many as 70 within three years. Among the factors driving the creation of the new operation is a national lead time of up to six months for trusses. At the outset, however, Black Tie will ship primarily within its region of the country.

Source: Conway Analytics

 

 

 SITE SELECTION RECOMMENDS 

“Amidst the unique challenges of a nation coming out of a global pandemic, America’s energy sector stands out with considerable job growth across nearly all industries,” said U.S. Secretary of Energy Jennifer M. Granholm, former governor of Michigan, the No. 1 energy-job-creating state.

Photo courtesy of U.S. DOE

The U.S. Department of Energy (DOE) in late June released the 2022 U.S. Energy and Employment Report (USEER), which found that energy sector jobs grew by 4% from 2020 to 2021, outpacing overall U.S. employment, which climbed 2.8% in the same period. “Overall, the total number of energy jobs increased, from 7.5 million in 2020 to more than 7.8 million in 2021, after a steep decline in 2020,” the DOE said. Moreover, many of those jobs are oriented toward the cleaner side of the spectrum: “There are more than 3 million jobs, 40% of total energy jobs, that support reducing U.S. emissions to zero across several sectors.” findings show that all industries, except for fuels, experienced net-positive job growth in 2021, but the top three were all cleantech oriented:

  • Electric vehicle jobs increased by 26.2%, adding 21,961 new jobs.
  • Hybrid electric vehicle jobs increased 19.7%, adding 23,577 new jobs.
  • Solar energy jobs increased by 5.4%, adding 17,212 new jobs.

The three states with the highest energy job growth numbers overall were:

  • Michigan, with 35,463 net jobs, including 5,136 new jobs in low or zero-carbon motor vehicles;
  • Texas, gaining 30,903 net jobs, including 4,858 new jobs in low or zero-carbon motor vehicles, 6,771 new jobs in in energy efficiency, and 1,610 new jobs in solar.
  • California, gaining 29,429 energy jobs, including 11,050 new jobs in in low or zero-carbon motor vehicles, 5,949 new jobs in energy efficiency, and 1,994 new jobs in solar.

 

 PHOTO OF THE DAY 
Sergii Rudiuk took this photo on July 14, 2013, near the Eiffel Tower in Paris, France.
Photo: Getty Images

Today marks the celebration of Bastille Day, or la fête nationale, in France. First established as a national holiday in 1880, the celebration marks the date in 1789 when the Bastille, a fortress turned state prison, fell to French revolutionaries seeking its arms and ammunition. At the time, only seven political prisoners were held there. Britannica in its entry notes a mundane historical detail grounded more in real estate than heroics: The cost of maintaining the facility had become prohibitive and talk of demolishing it had begun circulating as much as five years before the storming of the Bastille marked the end of the ancien régime.

 
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