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

MISSOURI

Bridge to the Future

St. Louis is building a better platform for transport & logistics.

Read More >>>
From the September Issue

INVESTMENT PROFILE: HIGH TECHNOLOGY FOUNDATION OF WEST VIRGINIA

West Virginia to World: ‘We’ve Got Your Back.’

Crucial operations for the National Oceanic and Atmospheric Administration are only the beginning of what’s going on at I-79 Technology Park in north-central West Virginia.

Read More >>>

 

ii
 PROJECT WATCH 

Singapore

Cariflex broke ground July 28 at a 15-acre site in Jurong Island where it will construct the world’s largest and Singapore’s first polyisoprene latex plant. Surgical gloves and condoms represent the key end markets for the product. “We are strategically locating our new state-of-the-art manufacturing facility here in Singapore, at the doorstep of our key customers,” said Prakash Kolluri, CEO of Cariflex. “We value Singapore not only for its ability to foster a thriving financial hub, but also for its dedication to develop innovation, trade and logistical hubs. With a highly educated and skilled workforce, Singapore offers strong protection for intellectual property rights within the country’s politically stable framework. Additionally, the Jurong Island ecosystem, with all of the existing infrastructure and services as well as support from Singapore’s Economic Development Board and other government agencies, gave us confidence in our investment decision in Singapore.” Cariflex is a subsidiary of Singapore-based DL Chemical Co., which is in turn part of Korea-based DL Group. The company also has expanded capacity at manufacturing locations in Brazil and Japan, including a $50 million doubling of polyisoprene latex capacity last year at its Paulinia plant in Brazil.

Source: Conway Projects Report

North Carolina

Forza X1, an electric-powered boat and motor manufacturer that is a division of Fort Pierce, Florida–based Twin Vee PowerCats, will build a new manufacturing facility in Marion in McDowell County, investing $10.5 million into the project and creating 170 jobs. The average annual wage for employees will be $51,047, 30% higher than $39,071, the average wage for McDowell County. The company announced that it expects the North Carolina Department of Commerce to finalize an incentive package in a Community Economic Development Agreement (CEDA) that could reimburse more than $1.3 million over 12 years via the state’s Job Development Investment Grant (JDIG) program. Forza also expects to partner with the North Carolina Community College System’s customized training program. Local support from McDowell County has included environmental site assessment, a boundary survey and a wetlands report. “It is expected McDowell County will also provide a variety of infrastructure support for the manufacturing facility, including a paved entrance road, rough grading and clearing of land, preliminary civil engineering services for site layout, utilities, waived water and sewer connection fees and expedited permitting,” the company said.

Source: Conway Projects Report

 

 

2022 MISSISSIPPI DEVELOPMENT GUIDE

AGRIBUSINESS & FOOD PRODUCTION

Local Is Better

Whether meat, tamales or catfish, Mississippi delivers the personal touch.

Read More >>>

 

ii
 SITE SELECTION RECOMMENDS 

William Beach

Photo courtesy of BLS

The U.S. Bureau of Labor Statistics (BLS) will host a free virtual BLS Data Users Conference on Wednesday, August 17, with presenters including BLS Commissioner William Beach (pictured), experts from the Federal Reserve Bank of Philadelphia and more. Titled “Labor market demographics, disparities and regional growth,” the conference will deliver the latest information on the U.S. labor market. Among the presentations will be a talk by Paul Flora, manager of the Federal Reserve Bank of Philadelphia's Research Department, who analyzes the economies of Austin, Cleveland, Las Vegas and Pittsburgh through a smart growth lens. “Ranking them by growth may mislead you,” says the conference program. “Sometimes, a region with a shrinking population does better.”

 

 PHOTO OF THE DAY 
Photo © Nagasaki Prefecture Convention and Tourism Association

Tomorrow, August 9, at 11:02 a.m. local time marks the 77th anniversary of the dropping of the atomic bomb on Nagasaki, Japan, located on the western coast of Kyushu in the country’s southwest region, killing tens of thousands of civilians. “Today, the Nagasaki Atomic Bomb Museum alongside Peace Park, Hypocenter Park, and the Nagasaki National Peace Memorial Hall are some of the most important sites in the city that help people learn about the tragic event of the atomic bombing, and to promote a world free of nuclear weapons,” says the Nagasaki Prefecture Convention and Tourism Association. The city today also is known for one of the best night views in Japan, pictured here from the top of Mt. Konpira looking over the city and its harbor. According to the Manhattan Project report and the Bulletin of Atomic Scientists, the topography of the Urakami Valley partially sheltered the port city from the blast. During the country’s “Sakoku” era of national isolation from 1639 to 1853 in the Edo period, a man-made island in Nagasaki Port called “Dejima,” home to the Japanese trading post for the Dutch East India Company, was the only port open to foreign trade.

 
[[trackingImage]]