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

MEDICAL DEVICES

A Decision with Precision

Intuitive Surgical feels right about investing $500 million in the Peach State at a site a stone’s throw from Site Selection’s Peachtree Corners HQ.

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From the September Issue

KANSAS

EV Battery Plant Keeps Kansas’ Foreign Investment Cred Charged

The $4 billion investment from Panasonic Energy is just one example of FDI in the state, where employment by foreign investors grew by 33% between 2014 and 2019.

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WORKFORCE 2023

Cover design by Sean Scantland

The Digital Edition of Workforce 2023 is Live!

The third edition of our annual look at all aspects of what everyone calls the most important site selection factor is now live and ready to deliver business intelligence to you and your team. The publication includes industry partnership case studies, trend analysis and examples of best practices; Investment Profiles of Georgia and Canada; the Texas Economic Development Connection Intelligence Report; directories of Manufacturing Extension Partnership organizations and workforce boards in every state; and incisive contributions from contributors at BLS & Co., Lumina Foundation, Prologis, Fisher Phillips, San Bernardino County and the Century Foundation.

 

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ARKANSAS ECONOMIC DEVELOPMENT GUIDE 2022-23

TIMBER

Arkansas Timber & Forestry Keep Growing

What the state’s sustainable approach to wood production means for the future.

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From the September Issue

OUTDOOR RECREATION

Eccentric Arkansas Climbing Festival Reaches New Heights

A how-to guide for discovering a new kind of outdoor adventure.

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 SITE SELECTION RECOMMENDS 

Even as the region lags other, larger markets in job postings, San Diego is cost competitive when it comes to salaries in the AI/ML and life sciences sectors.

Graph courtesy of San Diego Regional EDC Research Bureau

For a smart analysis of a region’s strongest cluster and its potential for further growth, see the San Diego Regional EDC Research Bureau’s report “Diagnosing the Future: AI and San Diego’s Life Sciences Cluster.” Among its findings: In addition to the life sciences’ $27 billion annual economic impact in the region, metro San Diego boasts more than 15,000 professionals across all industries in the artificial intelligence and machine learning sectors. Moreover, the region in 2021 attracted more than 13% of all domestic venture funding in life sciences.

 

 PROJECT WATCH 

China

As it denies the U.S. Commerce Department’s finding last week that the company is circumventing tariffs by investing in Southeast Asia countries (by acquiring Vina Solar in Vietnam), China’s LONGi Green Energy Technology is moving forward with plans to construct a 10-GW monocrystalline solar module plant in Heshan in Guangdong Province. Around the same time in November, China’s Risen Energy (not on the Commerce Department’s naughty list) committed to its own 10-GW solar cell plant in Chuzhou in Zhejiang Province. In August, LONGI reported that it shipped 39.62GW of monocrystalline silicon wafers during the first half of 2022, and saw its operating activities generate a net cash flow of 10,698 billion yuan, an increase of 1,162.43% over the same period in 2021. Among other activities, it’s opened a new Central R&D Institute at its global headquarters in Xi'an, Shaanxi Province, that the company expects to attract more than 4,000 “high-end scientific research talents.”

Source: Conway Projects Report

Turkmenistan

As reported by Business Korea and other outlets, Hyundai Engineering has signed an MOU with the Federation of Turkmenistan Industrial Entrepreneurs for a $1.4 billion ammonia urea fertilizer plant in the Balkan region in the western part of the country. The project continues a series of investments Hyundai began making in the country in 2009, when it invested the same amount in a gas desulfurization facility project. According to Korea Economic Daily, the day after the Hyundai announcement last week, fellow Korean concern Daewoo said it’s also signed MOUs: one for a phosphate fertilizer plant in Turkmenabat and another for an ammonia urea fertilizer plant in Balkan.

Source: Conway Projects Report

 

 

 PHOTO OF THE DAY 
Photo courtesy of Northrop Grumman

At a U.S. Air Force facility in Palmdale, California, on Friday, Northrop Grumman and the Air Force unveiled the B-21 Raider aircraft. “The B-21 Raider defines a new era in technology,” said Northrop Grumman Chair, CEO and President Kathy Warden, “and strengthens America’s role of delivering peace through deterrence.” The aircraft is named in honor of the Doolittle Raids of World War II. Noting that the new aircraft was designed and engineered at Northrop Grumman’s facility in Melbourne, Florida, Frank DiBello, president and CEO of Space Florida, said, “Nearly 10 years ago, Space Florida worked alongside Northrop Grumman to finance their Melbourne operation so that moments like today would become a reality.”

 
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