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

FDI IN AMERICA

Why Foreign Investment in the U.S. Is Surging

Global shifts and geopolitical unrest, not to mention new U.S. industrial policy, mean it makes more sense than ever to produce here, writes Harry Moser, founder and president of the Reshoring Initiative.

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From the September Issue

GLOBAL AUTOMOTIVE

Georgia: Court Ruling Poses No Delay to Rivian Project

“I take umbrage at the judge’s thoughts,” says one top state official about a recent ruling striking down a key component of the $1.5 billion incentives package offered to Rivian for its $5 billion plant east of Atlanta. Plus: Investment highlights from Asia and Europe.

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 SITE SELECTION RECOMMENDS 

Startup Genome, the organization behind the annual Global Startup Ecosystem Report, last week released a “Blue Economy Edition” that examines startup activity and investment through a lens defined as “the sustainable use of ocean resources for economic growth, improved livelihoods and job creation while preserving the health of the ocean ecosystem.” Singapore is No. 1, Silicon Valley is runner-up and the European locations of Oslo, Amsterdam-Delta and London fill out the top five. From H1 2020 to H1 2022, the global number of Blue Economy Series A deals grew by 80%, says Startup Genome.

 

ARKANSAS ECONOMIC DEVELOPMENT GUIDE 2022-23

BUSINESS CLIMATE OVERVIEW

Seeking an Inflation Remedy? Arkansas Has Your Prescription

The secret formula in The Natural State is low costs and collaboration, says Arkansas Economic Development Commission Deputy Director Clint O’Neal.

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From the September Issue

STEEL

Arkansas Takes Over as the ‘Epicenter of American Steelmaking’

A new $3 billion investment from U. S. Steel is just the beginning.

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 PROJECT WATCH 

Mississippi

After passage of key incentives by the Mississippi Legislature, Fort Wayne, Indiana–based Steel Dynamics, Inc. last week announced the selection of Columbus, Mississippi, as the location for the company's previously announced greenfield state-of-the-art, recycled aluminum flat rolled mill. “Columbus is strategically located within the targeted Southeast market, bringing numerous competitive customer, recycled material and renewable energy advantages to the project,” the company stated. “Our customers are excited for us to enter the aluminum flat rolled market, as we have been discussing plans for several of them to co-locate onsite with us, said Steel Dynamics Chairman, President and CEO Mark D. Millett. Site advantages cited by the company include synergies with its flat roll steel division’s operations next door; logistics assets including Class I rail and access to the Tennessee-Tombigbee Waterway; and existing, mature, and dependable natural gas, water sources, and access to ample renewable power. The mill will serve the sustainable beverage packaging, automotive, and common alloy industrial sectors.

Source: Conway Projects Report

Ontario

The Cultivated B (TCB) is investing in a new bioreactor facility in Burlington in its quest to “enable scalable and sustainable protein production by high quality bioengineering.” The company, launched in September, is investing in facilities in Germany and North America and is associated with Germany-based InFamily Foods Group, whose three protein divisions operated more than 10 facilities. “The technologies developed by an international scientific team over the last year and a half have the potential to enable cellular agriculture on an industrial scale,” says Raphael Heiner, CEO of TCB. Ontario Genomics is partnering on the creation of an innovation hub at the site. “This facility in Canada is more than just a production site. Alongside the development and production of pioneering technology and bioreactors, we want to help other enterprises in the cellular agriculture and pharmaceutical industry flourish,” says Hamid R. Noori, co-founder and co-CEO of The Cultivated B.

Source: Conway Projects Report

 

 

 PHOTOS OF THE DAY 
Photo courtesy of WorldSkills

A competitor takes part in the welding competition in Cleveland, Ohio, in mid-October as part of the global WorldSkills Competition 2022 Special Edition. After WorldSkills Shanghai 2022 was canceled in May due to the pandemic, WorldSkills partners and members put their heads together and organized 62 skill competitions to be hosted in 29 events in 26 cities in 15 countries and regions between September 7 and November 26. More than 1,000 competitors representing 57 countries and regions are taking part in everything from tiling and flooring to additive manufacturing and optoelectronics, often alongside career or trade fair event. Germany is hosting a total of nine skill competitions in six different cities, while Salzburg, Austria, alone will host seven skill competitions — including bricklaying, concrete construction work, and electrical installations — that are in especially high demand within the Austrian economy.

 
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