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

ASIA

Japanese Economic Development After Shinzo Abe

The recently assassinated former prime minister of Japan “was arguably the most important politician in the history of Japan since the end of World War II,” writes Andrew Crowder of Tractus in an exclusive contribution. “Controversial and scandal-plagued, he made some avoidable mistakes. But Abe’s administration had great influence on Japan’s business expansion.”

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From the September Issue

INVESTMENT PROFILE: CONSUMERS ENERGY

Paddle Power

How a river race helps build a cleaner Michigan.

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 CONWAY DATA SNAPSHOT 

Christina Cacioppo is the CEO and co-founder of San Francisco–based Vanta, a security and compliance platform that reached unicorn status with a $1.6 billion valuation in June, ranks 25th on the INC. 5000 list and is one of 690 INC. 5000 firms in California.

Photo courtesy of Vanta

Yes, it’s that time of year again, folks. Time to deliver Site Selection’s exclusive analysis of location trends among the newly published list of INC. 5000 companies — something even INC. itself doesn’t do with so many good company stories to tell. Below are the top states by number of INC. 5000 companies, with California the far-and-away leader over No. 2 Texas. California’s highest-ranked company is No. 10 Tax Relief Advocates in Irvine. Texas gets to put its brand on No. 4 eTrueNorth, a health services company based in Mansfield with a growth rate of 424.28%.

See our analysis from fall 2021 and fall 2020 to compare numbers. Watch this space over the next two weeks for further analysis of the INC. 5000 data by city, metro area and industry sector, as well as per-capita performance across state, city and metro categories. — Adam Bruns and Daniel Boyer

Rank State Companies
1 CA 690
2 TX 466
3 FL 392
4 NY 317
5 VA 257
6 GA 222
7 IL 216
8 AZ 154
9 MA 153
10 PA 146
10 CO 146

 

2022 ILLINOIS INVESTMENT GUIDE

Q&A

Illinois Sets Record with 200K Business Starts

Sylvia Garcia, director of the Illinois Department of Commerce and Economic Opportunity (DCEO), discusses recovery and the role of incentives.

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From the September Issue

MEGASITES

The Megasite Matchmaker

Illinois has 11 large business tracts ready to go to willing occupants.

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Site of the Week
From the January Issue

REDEVELOPMENT

Opportunity in St. Pete

The City of St. Petersburg, Florida, is releasing an RFP for the development of the Historic Gas Plant District site, currently home to Tropicana Field. The RFP for the 86-acre site calls for additional emphasis on equitable redevelopment, a 17.3-acre carve out for a baseball stadium, specific requirements for affordable and workforce housing and new details that respond to current economic and societal conditions and community sentiment. The RFP can be found here: www.stpete.org/Residents/Current%20Projects/docs/HGPD-CC.pdf.

 

SURVEY

ANNUAL BUSINESS CLIMATE RANKINGS

Corporate Readers: Site Selection Seeks Your Input

Two important surveys of corporate decision-makers and of Site Selection readers are out there in the field. First: The editors of Site Selection periodically conduct a readership survey to ensure our content is as relevant and timely as possible. The deadline for responses is end of day Friday, September 9th. Your participation enters you into a drawing for a $100 American Express gift card. Click on the following survey link to take this survey:
Site Selection Readership Survey

Next, this final reminder to corporate end users and site selection consultants to fill out our annual Business Climate Survey, which is one factor helping us determine the Business Climate Rankings to be published in the November 2022 issue of Site Selection. Go here to fill it out: https://forms.office.com/r/0aATZimz43

 

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 PROJECT WATCH 

Idaho

A much-anticipated location decision was made last week by the only U.S.-based manufacturer of memory chips, Micron Technology, Inc., as company leaders announced plans to invest approximately $15 billion through the end of the decade to construct a new fab in Boise, Idaho. “This will be the first new memory manufacturing fab built in the U.S. in 20 years, ensuring domestic supply of leading-edge memory required for market segments like automotive and data center, fueled by accelerating adoption of artificial intelligence and 5G,” the company said, giving credit to the newly passed CHIPS and Science Act and to support from state and local governments. “Co-locating the new manufacturing fab with Micron’s R&D center at the company’s headquarters will enhance operational efficiency, accelerate technology deployment and improve time to market,” the company said. Micron plans to deepen investment in Idaho’s K-12 STEM programs and partner with the College of Western Idaho “to lead efforts in delivering key curricula, such as Advanced Mechatronics Engineering Technology, to prepare students for the Micron Technician Apprenticeship Program.” In addition, the company will fund a child care center to be operated by the Treasure Valley Family YMCA. Micron said the fab investment is “part of Micron’s intention to invest more than $150 billion globally over the next decade in manufacturing and R&D, including plans to invest $40 billion through the end of this decade to build leading-edge memory manufacturing in multiple phases in the U.S.”

Source: Conway Projects Report

Mexico

Grupo Cuprum, the largest aluminum extruder in Latin America, announced that it will invest $100 million in a new plant where three extrusion units will be installed over the next three years, according to reports in MexicoNOW and Reforma. “Cuprum is currently evaluating which of the three industrial parks has the optimal conditions for energy supply, with Santa Catarina and Apodaca as probable properties,” the Reforma report stated. The first plant would start operations in mid-2023. The company last expanded its profile extrusion plants in 2019, when it invested $30 million in order to increase automotive sector sales. Cuprum employs more than 6,000 in more than 40 countries. It got its start in 1948 in Monterrey, Mexico, where it manufactured copper profiles with a 170-ton press. Hence the company name, which in Spanish means “copper.”

Source: Conway Projects Report

 

 

 SITE SELECTION RECOMMENDS 

Map courtesy of University of Wisconsin Population Health Institute

If you’re looking for deep statistics on such population health and well-being factors as access to exercise, excessive drinking, preventable hospital stays, high school completion, children in poverty, air pollution and dozens more compiled into a national index, then the 2022 County Health Rankings & Roadmaps created by the University of Wisconsin Population Health Institute with funding from the Robert Wood Johnson Foundation delivers. In addition to national findings, you can drill down by state. And after a bit of digging, we found you the source data broken out by every county in the nation to plug into your own location intelligence matrix.

 

 PHOTO OF THE DAY 
Photo ©UTMB-Mont Blanc — Franck Oddoux courtesy of Renault

This photo was shared earlier this week by Renault as it posted its account of endurance runner Alexandre “Green Cap” Boucheix as he participated in the UTMB ultra trail race through the Mont Blanc mountains in Switzerland: 171 kilometers (106 miles) in length and 10,000 meters (32,808 ft.) of total climb for some of the world’s best trail runners. “From 22 to 28 August, Chamonix became the new Mecca for trail enthusiasts with more than 10,000 runners taking to the starting line for one of eight races that make up the renowned UTMB — Ultra-Trail du Mont-Blanc — the longest of which … draws in the world's ultra-trail elite,” said the company, whose Dacia vehicles served the needs of athletes and support crews. “It saw 2,500 participants and one winner, Spaniard Kilian Jornet, who took out his fourth victory in Chamonix with a record time of 19:49:32.” Boucheix, who this year already has run more than 6,800 km. (4,225.3 miles) and climbed over 166,000 meters (544,619 ft.), finished 18th while achieving a personal best of 22:55:34. He will run two more ultras over the next two months.

 
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