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

AEROSPACE

How Regions Can Leverage Space Technologies On the Ground

Lack of a spaceport doesn’t mean regions cannot grow and attract space tech companies, writes Brian Darmody, chief strategy officer at the Association of University Research Parks.

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From the September Issue

INVESTMENT PROFILE: MISSISSIPPI

Mississippi Will Fund Your Shovel-Ready Site

The Mississippi Development Authority’s new Select Sites grant program is one among many tools the state is deploying to ensure corporate investors are maximizing their ROI and speed to market.

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 CONWAY DATA SNAPSHOT 
FORTUNE 500 No. 1 Walmart continues work on a new home office campus across 350 acres in Bentonville, Arkansas, that is opening in phases through 2025.
Rendering courtesy of Walmart

Among the more revelatory aspects of FORTUNE’s presentation of the 2022 FORTUNE 500 are a map showing those companies’ geographic distribution across the United States, and a table below that showing the rise or fall of each company’s fortunes via its historic ranking in or out of the 500 going back to 1995. Hovering up and down on the Y axis produces some compelling adjacencies, such as this year’s No. 210 Uber Technologies, a relative infant in the rankings, just below No. 209 Goodyear Tire & Rubber, whose path extends back every year on the chart but whose ranking has steadily descended from a 1995 high of No. 81.

Among the steepest climbers is No. 27 Meta Holdings (Facebook), which entered the rankings for the first time in 2013 at No. 482 and then bounded up the stairs with big leaps every year since. Similarly, No. 8 Google has risen from No. 253 in 2006. Steadier upward paths have been carved by such companies as Comcast, Intel and AmerisourceBergen.

As for geographic agglomeration, strong FORTUNE 500 clusters occupy the East Coast megalopolis called “BosWash” by futurist Herman Kahn in 1967; a triangle roughly formed by Chicago, Detroit and Louisville; and a line down the virtual center of the country from the Twin Cities through the huge circle representing No. 1 Walmart emanating from Arkansas to the healthy number of companies in every major Texas city. — Adam Bruns

 

2022 MISSISSIPPI DEVELOPMENT GUIDE

SHIPBUILDING

How Mississippi Keeps America Safe on the High Seas

Shipbuilders for the U.S. Navy and Coast Guard embark on large expansion projects.

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 PROJECT WATCH 

Indiana

Through a unique lease arrangement between medical device companies, Michigan-based Autocam Medical is moving operations into a former Medtronic facility as the latter company moves manufacturing to other sites. “As Medtronic exits the facility, we recently signed a letter of intent with Autocam Medical Device Holdings LLC to lease the building in phases,” Mike Hagenson, Medtronic senior state government affairs manager, wrote to Warsaw Mayor Joe Thallemer in an email. “Autocam Medical has expressed interest in potentially hiring former Medtronic Warsaw employees as Autocam Medical’s presence in Warsaw grows.” In a statement provided to the Warsaw Times-Union earlier this year, Autocam Medical CEO John C. Kennedy said, “Upon hearing the Medtronic Warsaw news, we thought this could be a great opportunity for Autocam Medical, as well as the Medtronic employees who will be impacted by this change. Autocam Medical has grown significantly over the past few years. Our biggest impediment to maintaining this growth is hiring skilled personnel. Therefore, we are extremely excited about the Medtronic opportunity because it allows us to provide highly trained individuals with a similar work experience and great pay and benefits.”

Source: Conway Projects Report

Nebraska

This project in Lincoln is part of an overall $66 million investment Duncan announced earlier his year at its existing MRO locations in Battle Creek, Michigan, and Lincoln. “The demand for the safety and flexibility that business aviation travel provides has continued to increase, as has the average size of business aircraft,” said Jeff Lake, President of Duncan Aviation. “This results in increased demand for the hangar space required to complete requested airframe, engine, interior, paint and avionics modifications for the business aircraft fleet. Looking to the future, we know that in order to meet current customer requests and needs, Duncan Aviation will need more hangar facilities.” When construction is complete in fall 2023, Duncan Aviation will have 769,000 sq. ft. of hangar space and shop, office, and storage areas in Lincoln. The company also maintains a service facility in Provo, Utah.

Source: Conway Projects Report

 

 

 SITE SELECTION RECOMMENDS 

A gas turbine in GE Power’s plant in Greenville, South Carolina

Photo courtesy of GE Power

What does the footprint of GE’s U.S. facility portfolio look like? Judging by the company’s compelling “Voices” website, it looks a lot like the United States population, with a pronounced pronation east of the Mississippi. As of the end of 2021, the company and its 55,200 employees maintained 77 manufacturing sites across the nation, 229 other GE facilities, and worked with 27,220 suppliers. The company’s corporate news operation is legendary, having employed such esteemed communicators as Kurt Vonnegut, among others. Today is no different, as evidenced by this 2020 story about GE’s lean journey at its turbine plant in Greenville, South Carolina, where “the team cut the distance a part had to travel from three miles to a mere 165 feet.” In 2017 we interviewed GE VP John Lammas, the chief technology officer for GE Power, about that plant, the Upstate South Carolina region and the company’s innovation leadership.

 

 PHOTO OF THE DAY 
Photo by Shawn Miller courtesy of LOC

The Library of Congress recently announced that visitors can walk onto the floor of the Main Reading Room in the library’s Thomas Jefferson Building on Thursday evenings during the new Live at the Library from 5 to 8:30 p.m. Free timed-entry passes are required to enter the Thomas Jefferson Building. (Visit loc.gov/visit to reserve a pass for Live at the Library.) “The Library of Congress is the world’s largest library, offering access to the creative record of the United States — and extensive materials from around the world — both on-site and online,” says the LOC website, noting that the institution is the main research arm of the U.S. Congress and the home of the U.S. Copyright Office.

 
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