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| FROM SITE SELECTION MAGAZINE, NOVEMBER 2022 ISSUE |
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CARIBBEAN
The co-founder of Biosimilar Solutions tells us why the island made sense for the company’s $200 million investment — part of a biosciences sector that accounts for 30% of Puerto Rico’s GDP.
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NEW YORK
Deloitte’s Darin Buelow shares on-the-ground insights into the $100 billion investment in Upstate New York.
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NEWS DIGEST
A cross-border tunnel for Northern Europe; a hydrogen-powered vehicle plant for Normandy; Europe’s best tax climates; and sustainable scooters in Singapore.
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Indonesia
Osaka-based Daikin Industries, Ltd. this month announced it will establish a new factory for residential air conditioners in the Republic of Indonesia at the Greenland International Industrial Center (GIIC) near the capital of Jakarta. Daikin said the new production base “is being built in response to the rapidly growing demand in the Indonesian air conditioner market,” as the nation’s population — the fourth largest in the world — is expected to grow from 270 million today to 300 million by 2030. “In addition to the relocation of its capital administrative functions, the Indonesian government plans to invest in various fields including urban infrastructure, human resources, and industrial development in anticipation of further development,” Daikin stated, “as it set its sights on becoming the fifth largest country in terms of GDP in 2045, which is the year Indonesia celebrates the 100th anniversary of its founding.” The company has been doing business in Indonesia since 1970 and plans to use the new factory as an export base for the ASEAN region.
Ireland
In August medical device manufacturer Stryker announced this new additive manufacturing facility at Anngrove in Carrigtwohill, County Cork. “In addition to housing Stryker’s manufacturing facilities, Anngrove is also the worldwide headquarters of the AMagine Institute, which is the center of excellence for additive manufacturing across Stryker,” the company said of the six-year-old Anngrove site. The company’s Irish presence includes more than 4,000 people across eight facilities in Belfast, Limerick and Cork. Stryker Group President Global Quality and Operations Viju Menon said, “The new facility and talent will continue to unlock new opportunities that were previously not possible, accelerate innovation globally and further support our mission to make healthcare better together with our customers. With our experience and proprietary technology, we are excited to impact more patients and drive growth with this additional investment. We are also pleased to expand our talent base in Ireland with engaging roles across a range of disciplines.”
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| ARKANSAS ECONOMIC DEVELOPMENT GUIDE 2022-23 |
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FIREARMS
No. 1 in firearms jobs per capita and in output per capita, the Natural State is on target for this sector.
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STARTUPS
Known as the birthplace of fintech, Arkansas demonstrates leadership in the field.
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REGIONS
Find hidden jewels in every corner of the state.
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| SITE SELECTION RECOMMENDS |
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This screenshot of the Land Matrix’s Asia Focal Point shows how active large-scale land acquisitions have been in Southeast Asia.
Map courtesy of Land Matrix
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Managing Editor Adam Bruns made this photo last week at the ruins of Tulum in Quintana Roo, Mexico. A release yesterday from the Mexican Secretary of Tourism documented 4,552,000 people employed in tourism during the third quarter of 2022, representing 8.8% of overall employment in Mexico. The number was more than 10% higher than this same time last year, as the country’s tourism industry continues to recover from the shutdown caused by the pandemic.
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