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| FROM SITE SELECTION MAGAZINE, March 2023 ISSUE |
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ASIA
Can the ‘Detroit of the East’ make the transition to EVs? Find out in this expanded web edition of an exclusive contribution from the team at Tractus.
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INVESTMENT PROFILE: ROUND ROCK, TEXAS
Strategic focus fortifies the city’s emerging life sciences sector.
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| Graphic courtesy of UN Women
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International Women’s Day has come and gone, but the need for more women in the workforce is an everyday event. A new 10-page research note from Dawn Holland and Katrina Ell at Moody’s Analytics, “Close the Gender Gap to Unlock Productivity Gains,” finds that, according to the World Economic Forum’s Global Gender Gap Index — which measures gender parity across economic, educational, health and political dimensions — at the current rate, it will take 132 years to reach full parity.
Examining the gap in senior and middle management positions, the authors find that women’s share of those roles in the UK, France and Turkey actually declined from 2010 to 2019. In an interview with Marketplace Senior Reporter Stephanie Hughes, former fashion stylist Anna Maria Diaz called attention to another aspect contributing to the gap: whether compensation and benefits are enough to cover childcare. “I think nobody really talks about what the first maybe four years of childcare really cost,” she told Hughes.
The Moody’s report says closing the gender gap in labor force participation and the gender gap in management in OECD countries “can raise global economic activity by approximately 7%, or about $7 trillion in today’s dollars. Closing the gaps in large emerging economies, including India, would raise that potential further.” A separate 2022 report from the United Nations indicates women’s exclusion from the digital world alone has contributed to a $1 trillion loss in the GDP of low- and middle-income countries in the last decade. “Without meaningful intervention and change, this loss in GDP is anticipated to grow to $ 1.5 trillion by 2025,” says a note this week from the U.S. Patent and Trademark Office (USPTO). “According to the World Bank, there would be economic gains in the order of $5-6 trillion if women were supported to start and scale new businesses at the same rate as men,” says the USPTO, which plans to join with dozens of other nations’ IP offices in a focus on women when World Intellectual Property Day comes around on April 26, 2023. — Adam Bruns
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Gain immediate access to every piece in the newly published March 2023 issue of Site Selection, including all of the issue’s highly anticipated rankings; features on data centers, airport cities, biopharma and agribusiness; eight state spotlights; the Duke Energy Florida Investment Report; six Site Selection Investment Profiles; the IAMC Insider; international news from Ontario, Qatar, Romania and beyond; and the full array of messages from 125 global organizations who know it pays to advertise with the No. 1 publication in the field.
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| COLORADO – BUSINESS COMES TO LIFE 2023 |
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SEMICONDUCTOR OPPORTUNITIES
Trust in the state’s semiconductor industry comes with a $600 million payday.
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SMART GOVERNMENT
Named America’s fourth best state for business by CNBC in 2022, Colorado is implementing measures across a number of areas that figure to keep the state in the upper echelon for years to come.
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| SITE SELECTION RECOMMENDS |
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Map image courtesy of TeleGeography
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“How Undersea Cables Drive Onshore Site Decisions,” published here three years ago, offers one of those intriguing perspectives you want to keep tabs on when it comes to data center investments and the larger digital economy. Now our primary source for that piece, TeleGeography, has come out with its updated 2023 submarine cable map. Watch Site Selection for continuing insights from this hidden but vital global infrastructure network.
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Brazil
CloudHQ, the global data center provider that’s part of the Fateh Family Office and was founded by Hossein Fateh, former CEO and co-founder of DuPont Fabros Technology, has broken ground on this massive data center campus in Paulinia in Sao Paulo. Expected to open in 2024, it’s projected to be the largest data center campus in Latin America with 144 MW of capacity in its first phase and 288 MW in future phases, according to multiple reports. “A 225MW power substation, with a potential for 400MW, will supply the campus,” says a report from Baxtel. “In the first half of 2024, the transmission lines connecting the facility to the grid are expected to be finished.”
Spain
Reports by El Economista and others note the completion of this new cosmetics and hygiene products plant in Valencia from Quimi Romar, which manufactures the Romar Global Care product line. The new facility is part of a move of operations to Sagunto from the company’s original home base in Náquera and will double the operation’s production and storage capacity. The site is located within the Eucolsa industrial estate. The company and its developer in November reached a tax abatement and hiring agreement with the Sagunto city government.
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Laurens County, South Carolina, is brimming with commercial and industrial potential along nearby Interstate I-85, recently referred to as “the Main Street of the New South.” The county’s newest industrial park, the Connexial Center, is in close proximity to I-85, I-26, and I-385 industrial corridor, which provides access to the most efficient port on the East Coast as well as Interstate and rail connecting to more than 100 million consumers in a day’s drive.
One of seven in Laurens County, the Connexial Center is a Class A industrial park with 450 developable acres of prime industrial property ready for investment, development, and growth. All utilities — including transmission and substation — onsite. And all due diligence has been completed, providing an efficient path for companies looking to move operations forward, faster. In addition, the current Laurens County workforce consists of over 468,000 people within a 45-minute drive time radius.
For more information, visit www.growlaurenscounty.com.
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Photo by Paul Vu/HANA courtesy of Aaron Neubert Architects and v2com newswire
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If you ever watched “The Jetsons,” “Scooby-Doo” or “The Flintstones,” you may not have known they all were cooked up by Hanna-Berra in a one-story, windowless building known as “The Bunker” on Cahuenga Boulevard in South Studio City, California. Now it’s been adapted as a headquarters for an unnamed film production company by ANX/Aaron Neubert Architects, which says, “The primary challenge was converting the hermetically sealed former animation studio into a naturally illuminated, professional, yet domestically scaled office environment, while simultaneously addressing the technical challenges of a forward-thinking film production facility.” Paying homage to the project’s history, “the firm’s solution opted to reuse the entirety of the existing structure,” a release explains. “Roof trusses and masonry block walls within the communal spaces were exposed, while sound-isolated private offices were introduced around the perimeter. Within the communal spaces, the firm created numerous co-working and socialization zones, expanding the ‘domestic’ nature of the space.” There is some intriguing real estate history attached to the legacy Hanna-Barbera property on Cahuenga.
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