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

WEST VIRGINIA

University System Has Big Plans for a Former Pill Plant

One year after a plant operated by the former Mylan Pharmaceuticals was closed as the result of a merger, its new owner West Virginia University is poised to transform the complex into an innovation center open to businesses to perform research and expand the regional economy.

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From the September Issue

LOUISIANA

Louisiana Takes the Lead for Offshore Wind in the Gulf

“The capabilities you see in places like Louisiana translate very directly to offshore wind,” says Walt Musial, principal engineer at the National Renewable Energy Laboratory (NREL) and leader of the federal agency’s offshore wind research platform.

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 PROJECT WATCH 

Illinois

Tomorrow ComEd will join leaders of data center company CloudHQ and community leaders for a groundbreaking event to launch construction on CloudHQ Data Center Campus, which will bring a new $2.5 billion, 1.5-million-sq.-ft. hyperscale data center campus to Mount Prospect and repurpose the former United Airlines Headquarters property. In a release last week ComEd said the first phase of the data center campus, set for completion in 2024, “will create hundreds of permanent new jobs and support growing business technology needs in the region. It marks the eighth new data center project to launch in the past year in ComEd’s service territory in Chicagoland and northern Illinois.

Source: Conway Projects Report

India

As reported by The Telegraph and others, Cochin Shipyard Ltd. (CSL), an enterprise owned by the Indian government, is investing in the revival of units at a 200-year-old shipbuilding yard in Bengal in order to manufacture inland and coastal cargo vessels, inland cruise vessels, fishing vessels and small and medium ships for India’s Coast Guard and Navy, among other vessels. “The East Coast of India has throughout been the epicenter of maritime activity and has been the beacon for the country as far as shipbuilding is concerned,” says the website of the new operation. “Towards this CSL in its endeavor to further strengthen the shipbuilding sector in this region has taken on the age old legacy of Hooghly Dock and Port Engineers Ltd (HDPEL) who were the pioneers of ship building in the eastern coast of the country.”

Source: Conway Projects Report

 

 

2022 MISSISSIPPI DEVELOPMENT GUIDE

QUALITY OF LIFE

An Unmatched Quality of Place

Living the Good Life Is Easy to Do in Mississippi

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 SITE SELECTION RECOMMENDS 

Bruce Rasher, Redevelopment Manager, RACER Trust

Last week Bruce Rasher, redevelopment manager for RACER Trust, the organization created to clean up and position for redevelopment properties and other facilities owned by the former General Motors Corp. before its 2009 bankruptcy, was named Linda Garczynski Brownfields Person of the Year by the International City/County Management Association at the U.S. EPA’s National Brownfields Training Conference in Oklahoma City. Elliott P. Laws, of EPLET, LLC, administrative trustee of RACER Trust, said Rasher’s “ability to find opportunities amid obstacles, and to work collaboratively to remove those obstacles, is a major reason why RACER has completed more than 90 property transactions, attracting buyers and end users whose investments are supporting thousands of jobs, billions in annual economic output and contributing to the revitalization of communities that were hit hard by previous manufacturing job losses. “Among the many successful redevelopments of former RACER Trust properties,” RACER Trust said in a release, “are M1 Concourse in Pontiac, Mich.; the American Center for Mobility in Ypsilanti Township, Mich.; Sirmax North America, Inc., in Anderson, Ind.; idX Corporation in Fredericksburg, Va.; Amazon.com near Wilmington, Del.; and Lear Corporation in Flint, Mich.

Analysis by Industrial Economics, Incorporated, released the same day as the award announcement, found that over the 11 years between RACER’s effective date of March 31, 2011, and April 1, 2022, RACER’s expenditures on holding, cleanup and repositioning of properties, combined with investments by buyers and end users of RACER’s former GM properties, generated an estimated 71,633 jobs and $13.1 billion in one-time economic output for communities in 14 states. The estimated return was $18.85 for every dollar spent by RACER and its buyers and end users. RACER stands for Revitalizing Auto Communities Environmental Response. Read Site Selection’s interviews with Bruce Rasher from 2017 and 2012.

 

 PHOTO OF THE DAY 
Photo of Frontier courtesy of ORNL

Last week the U.S. Department of Energy’s Oak Ridge National Laboratory (ORNL) in Tennessee celebrated the debut of Frontier, the world’s fastest supercomputer and “the dawn of the exascale computing era,” said an ORNL release. “Research that might once have taken weeks to complete, Frontier will tear through in hours, even seconds,” said Deputy Secretary of Energy David Turk. “Oak Ridge has positioned the United States to lead the world in solving massive scientific challenges across the board.” ORNL said Frontier in May 2022 earned its No. 1 ranking with 1.1 exaflops of performance — more than a quintillion, or 1018, calculations per second — making it the fastest computer in the world and the first to achieve exascale. ORNL’s scientific partners, such as General Electric Aviation and GE Power, plan to leverage the power of Frontier: “GE Aerospace and Research will be using exascale computing, including time on the Frontier supercomputer, to revolutionize the future of flight with sustainable hydrogen propulsion and hybrid electric technologies,” said David Kepczynski, chief information officer at GE Research. ORNL said Frontier’s deployment adds to ORNL’s nearly 20-year tradition of supercomputing excellence alongside predecessors Jaguar, Titan and Summit — each the world’s fastest computer in its time. For more, read Ron Starner’s 2018 article about the lab’s computing breakthroughs and how that firepower connects to economic development.

 
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