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

PLASTICS & CHEMICALS

Alberta Ups Its Game

Roughly two years after its inception, the Alberta Petrochemicals Incentive Program has received grant applications for projects valued at around C$28 billion. Site Selection’s Gary Daughters spoke to corporate and government leaders about how some of them are progressing.

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From the September Issue

NEWS BRIEFS

World Reports

Vertical indoor farming in Saudi Arabia; semiconductors in France; Samsung Biologics’ second Bio Campus in Songdo, South Korea; Safran in India; Volvo in Slovakia; Baosteel in Cambodia; UNCTAD trade update.

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 CONWAY DATA SNAPSHOT 
Sokol Blosser Winery is among the hundreds of Certified B Corporations in Oregon.
Image courtesy of Sokol Blosser

Among all the new yardsticks for companies trying to prove they’re doing good in the world as well as doing business, Certified B Corporations (or B Corps) have found traction in the virtue marketplace, primarily because they adhere to a legal framework that allows stakeholders across the spectrum to be prioritized over shareholders alone. B Corps (think Patagonia) are certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency. The “B” stands for “benefit.” “B Corp certification is to business what Fair Trade certification is to coffee or USDA Organic certification is to milk,” the organization explains.

“Over the course of 2020-2021, 6,000 applications for certification came in from around the globe, and 50,000 new companies registered to use the B Impact Assessment to understand how they measure up to high environmental and social standards — a nearly 40% increase over the previous two years,” says a letter in B Lab’s 2021 annual report from founders Andrew Kassoy and Bart Houlahan. They anticipate over half a million companies will be using the B impact assessment within five years. Today there are more than 5,000 B Corps across 80 countries and 155 industries. So the natural question for us at Site Selection is: Where are they headquartered?

I found and downloaded the entire list of “Known Benefit Corporations” from B Lab and sorted by state where incorporated. Here are the top 10 states and their numbers:

State No. of Incorporated B Corps
Oregon 1,284
Delaware 1,004
Nevada 959
Colorado 516
New York 455
California 267
Maryland 113
Connecticut 72
Pennsylvania 71
Massachusetts 62

For nearly 1,570 of the companies, the list includes a separate column denoting operating state/province. Below are the top territories in that category. For the record, B Lab itself is based in Berwyn, Pennsylvania. — Adam Bruns

State/Province No. of Operating B Corps
California 307
Nevada 214
Oregon 188
Colorado 143
New York 84
Maryland 69
Massachusetts 66
Pennsylvania 58
Illinois 39
Virginia 39
New Hampshire 31
Minnesota 26

 

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2022 ILLINOIS INVESTMENT GUIDE

ADVANCED MANUFACTURING

From Peru to Normal, Spotlight Shines on Advanced Manufacturing

The state’s manufacturing assets are broadly dispersed, deeply experienced and tremendously varied, from Argonne National Lab to the Rock Island Arsenal.

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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.

 

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 PROJECT WATCH 

Bangladesh

Majority-owned by Turkey’s Arcelik conglomerate (part of Koç Group), Singer Bangladesh this week has launched construction of a $78 million manufacturing complex at the Bangladesh Special Economic Zone (formerly called the Japan Economic Zone, according to one published report) in Araihazar, Narayanganj. The plant will manufacture a variety of home appliances, from TVs to refrigerators. According to a Daily Star report from a press briefing in Dhaka, the plant will aim for LEED-Gold certification, and exporting would be considered after satisfying domestic demand. The operation is expected to start production next year.

Source: Conway Projects Report

Taiwan

As reported by the Taipei Times and other news organizations, this semiconductor equipment component manufacturing arm of Foxconn has begun production at a new fab in Miaoli County’s Jhunan Township (sometimes spelled Zhunan). Among the company’s customers is equipment maker Applied Materials, which in April invested more than $58 million in the company. According to Bloomberg, Foxsemicon Integrated Technology Inc develops, designs, manufactures and sells semiconductor equipment and system assemblies including thin film transistors (TFT), liquid crystal displays (LCDs) and semiconductor wafers.

Source: Conway Projects Report

 

 

 SITE SELECTION RECOMMENDS 

UNCTAD’s Creative Economy Outlook 2022, launched last week at the Third World Congress on Creative Economy in Bali, Indonesia, finds that global exports of creative goods increased from $419 million in 2010 to $524 million in 2020, while world exports of creative services increased from $487 billion to almost $1.1 trillion during the same period. “Developing economies export more creative goods than developed ones,” the organization stated. “In 2020, China was by far the largest exporter of creative goods ($169 billion), followed by the United States ($32 billion), Italy ($27 billion), Germany ($26 billion) and Hong Kong (China) ($24 billion).”

 

 PHOTO OF THE DAY 
Photo ©Standortmanagement Golm GmbH/Luth Hannemann

Already known for its industry/university partnerships, scientific institutes and expanding Technology Campus, the 148-acre Potsdam Science Park in Germany is welcoming a new facility investment from DiGOS, a satellite tracking technology company founded by a Potsdam University graduate who says he wanted to do more with his IT degree than make apps. Founded in 2014, the company employs 425 people today, and plans to house around 60 when it moves into a new HQ at the parks’ Technology Campus by 2026. As for tracking down the science park, Managing Director André Kloth says, “The connections to Berlin and the surrounding area are fantastic. We have the University of Potsdam on site with the institutes for astronomy, physics, computer science and geosciences. So it is of course a great advantage for us to use the academic potential for joint projects or the promotion of young scientists.” As of last winter, university enrollment was more than 21,400 students, including more than 5,000 in science programs and more than 3,100 international students from 121 countries.

 
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