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

TEXAS

Four-Part Harmony

Incentives, headquarters, semiconductors and workforce training headline some of the stories in a state chock-full of them.

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From the September Issue

INVESTMENT PROFILE: FORT WORTH, TEXAS

In Fast-Growing Fort Worth, the Business Climate Remains Hot

When innovation meets opportunity, the possibilities are endless.

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 DIGITAL EDITION 

The September 2022 Digital Edition is Here

The complete Digital Edition of the entire September 2022 issue of Site Selection is now available. Inside you’ll find signature stories such as Canada’s Best Locations, the 2022 Top Utilities in Economic Development and the Global Groundwork Index, as well as international coverage of Mexico and Japan and industry reports on logistics and plastics and chemicals. Interspersed among regional reviews covering momentum in D.C., Asian investment in the U.S. Southeast and a major redevelopment in the Upper Midwest, you’ll find state spotlights on Texas, North Carolina, California, Pennsylvania, Nevada, Arkansas and Idaho. Learn what’s up in Lima and the region from the West Central Ohio Intelligence Report. And don’t miss our Investment Profiles of San Bernardino County, California; Consumers Energy, Fort Worth. Texas; Hoosier Energy; TeamCalifornia; Indiana Municipal Power Agency; Maryland; Xcel Energy; and Tradepoint Atlantic.

 

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 PROJECT WATCH 

Michigan

Hemlock Semiconductor Operations, founded in Hemlock in 1961, will build on its position as the largest U.S. producer of high-purity polysilicon and the only U.S.-headquartered manufacturer of the material by adding 170 jobs to its Thomas Township payroll of 1,350 with this expansion in response to increased demand in the semiconductor and solar industries. The expansion is being supported by sanitary sewer infrastructure investments by Thomas Township and Saginaw Township that involved the construction of two new lift stations and five miles of sewer mains. That investment in turn has received Michigan Strategic Fund approval of a $27 million Strategic Site Readiness Program (SSRP) performance-based grant funded through the Strategic Outreach and Attraction Reserve (SOAR) Fund. “This investment in local infrastructure supports HSC’s ability to improve and expand our operations and helps us remain globally competitive,” said Hemlock Semiconductor Operations Chairman and CEO AB Ghosh. “Today’s announcement proves Michigan is serious about prioritizing the growth of high-tech businesses.”

Source: Conway Projects Report

Malaysia

Sweden’s Mölnlycke is investing in this new plant in Kulim, Malaysia, to meet future demand for high-quality surgical gloves, and is “partnering with ENGIE for energy solutions and Veolia Water Technologies for wastewater treatment solutions to ensure best-in-class energy and waste water management at the new plant,” says the company. “The new plant is a key part of our future plans for sustainable growth within the surgical gloves business,” said Zlatko Rihter, CEO of Mölnlycke. “It will enable us to expand production to meet projected demand. But the best part is that we will achieve this in a less resource-intensive way, while creating a state-of-the-art working environment for our colleagues in Malaysia.” The company aims to reduce its operational carbon emisisons by 50% by 2030 and become a zero-waste company by 2050. “Four out of Mölnlycke’s 14 plants are already operating fully on renewable electricity,” said the company, “and as of March 2022, additionally three of the surgical gloves manufacturing plants in Malaysia could be added to the list of factories fully powered by green electricity.” The company also is constructing a new HQ at GoCo Health Innovation City in Mölndal, Sweden, that it plans to occupy by the end of 2024.

Source: Conway Projects Report

 

 

2022 ILLINOIS INVESTMENT GUIDE

WORKFORCE & TALENT

How Illinois Builds a Diverse Workforce

Can an old dog learn new tricks? With a workforce training metamorphosis and a few million dollars in aid, absolutely, and Illinois is all the better for it.

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From the September Issue

FOREIGN DIRECT INVESTMENT

From All Over the World to All Over Illinois

Among other striking foreign investment facts, FDI employment grew 21% in Illinois from 2014 to 2019, compared to a national increase of 5%.

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 SITE SELECTION RECOMMENDS 

Investment firm York IE in August published a Fastest-Growing Startup Cities report that found Kirkland, Washington; Stanford, California; and Madison, Wisconsin, in the top three spots, followed by Birmingham, Alabama; Wilmington, Delaware, and Ann Arbor, Michigan. The report highlights the 10 U.S. cities below where company funding grew the fastest during Q2 2022: “If you’re not playing the Silicon Valley growth-at-all-costs game of chasing vanity metrics on a fundraising hamster wheel,” said York IE CEO Kyle York, “you’ll be able to find there is a ton of capital available to you from many committed partners.”

CITY GROWTH FUNDING ROUNDS
Kirkland, Washington 1,724% $298,628,474 8
Stanford, California 1,033% $116,463,641 7
Madison, Wisconsin 793% $299,195,995 7
Birmingham, Alabama 480% $47,041,175 11
Wilmington, Delaware 257% $828,736,753 20
Ann Arbor, Michigan 229% $184,649,998 7
Cleveland, Ohio 166% $102,525,000 7
Santa Barbara, California 150% $155,233,337 6
Dover, Delaware 121% $110,596,015 10
Denver, Colorado 116% $1,143,980,774 27

Source: York IE

 

 PHOTO OF THE DAY 

Site Selection Lead Designer Negin Momtaz made this photo today from the Cliffs of Moher along the West Clare coast overlooking Galway Bay in Ireland. A visitors website says the cliffs, which were formed over 320 million years ago, rise to over 700 feet at O’Brien’s Tower and run along the coast for almost eight miles, forming part of the Burren and Cliffs of Moher UNESCO Global Geopark. “It is just breathtaking all around,” Negin tells us.

 
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