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ONLINE INSIDER
From the September Issue

In Ian’s Aftermath, a Long Road to Recovery Awaits

Economic developers share firsthand accounts from the zone of destruction.

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

U.S. SOUTHEAST

Strong Current: Trends in Asian Corporate Investment in the South

There’s no doubt Asian investment is plugged into the South. The data tell you where it’s come from and where it’s landed over the past decade.

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From the September Issue

INVESTMENT PROFILE: MARYLAND

How Maryland Keeps Things Moving

An “unmatched” business climate and bold investments bolster transportation and logistics.

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 PROJECT WATCH 

Vietnam

Electronics company Molex announced on Friday it is expanding its existing manufacturing operations in Hanoi to include a new 16,000-sq.-m. (172,228-sq.-ft.) facility. Molex said the expansion will help support the growing demand for its products that are used in applications such as smartphones, TVs, home appliances, test equipment and medical devices. “Molex has operated in Vietnam for 15 years and this expansion represents our long-term commitment to the country and the community,” said Joe Nelligan, CEO, Molex. The fully integrated connector manufacturing facility will feature advanced robotics, high-speed injection molding, stamping, plating and automated assembly processes along with tooling fabrication and reliability lab testing capabilities. The company’s most recent expansions before this were within its Phillips-Medisize med-tech company’s facility investments in Katowice, Poland; Little Rock, Arkansas; and St. Crox Meadows in the company’s home state of Wisconsin.

Source: Conway Projects Report

India

As reported by The Hindu Businessline and other news organizations, Taiwan-based iPhone manufacturer Pegatron last Friday inaugurated its new plant at Mahindra World City in Chennai, Tamil Nadu. Chennai is also where Foxconn recently announced it would make the iPhone 14. The Economic Times observed that “Taiwanese manufacturers are diversifying rapidly to other Asian destinations amid stringent anti-Covid-19 policies in China, and the ripple effect of Taiwan's geopolitical tensions with China.” In the company’s 2021 annual report, released in early 2022, Pegatron stated that it “has been actively finetuning its global deployment production capacity in recent years, and continues to build and expand new production bases in Vietnam, India and North America.” Pegatron’s manufacturing footprint, according to that annual report, includes Suzhou, Shanghai, Kunshan and Chongqing in China; Juarez, Mexico; Ostrava, Czech Republic; Taoyuan and Xindian in Taiwan; and sites in Indonesia, Vietnam and India.

Source: Conway Projects Report

 

 

2022 ILLINOIS INVESTMENT GUIDE

CLEAN ENERGY JOBS

How CEJA is Good for Illinois Business

The Climate and Equitable Jobs Act is a 29-year plan to transition the state to 100% clean energy sources.

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 SITE SELECTION RECOMMENDS 

Mark Edelstein

Only 9% of surveyed real estate industry professionals are optimistic about the office market, and only 15% are optimistic about retail, according to the latest results of an ongoing Morrison Foerster poll of over 500 industry members. However, 61% of surveyed professionals are optimistic about the industrial market. “For those who work in an office building,” said a memo to respondents from Mark Edelstein, chair of Morrison Foerster’s Global Real Estate Group and co-chair of the Distressed Real Estate Group, “43% think their company will take less office space at their next lease renewal, 38% say the same amount of office space, and 9% say more office space.” The law firm, which likes to refer to itself as “MoFo,” produces frequent analysis relevant to the daily work of corporate real estate professionals.

 

 VIDEO OF THE DAY 

Take in 30 seconds of sights and sounds as the Missouri River flows by English Landing Park and Platte Landing Park on a delightfully warm first Saturday of October in Parkville, Missouri, in the northern Kansas City metro area. Managing Editor Adam Bruns made this video on Saturday morning as softball games and a local farmers market were getting underway, vintage cars were beginning to arrive for an afternoon car show, and nearby Park University and the local high school celebrated homecoming weekend. Among other claims, Parkville was a notable stop as Lewis and Clark made their way west and returned eastward in 1804 and 1806.

 
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