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FROM SITE SELECTION MAGAZINE, MARCH 2023 ISSUE
From the May Issue

2023 GLOBAL RANKINGS

Global Best to Invest 2023

Site Selection presents the Top Countries, Top Countries Per Capita and Top Global Metros in our annual Global Best to Invest rankings, which include regional breakouts and insights from two new reports that in large part corroborate our findings.

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From the September Issue

2023 PROSPERITY CUP

North Carolina Expands Its Winning Streak

North Carolina has won its third consecutive Prosperity Cup, which recognizes the competitiveness of state-level economic development agencies and their success in landing capital investment projects according to a 10-point index.

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From the May Issue

TOP ECONOMIC DEVELOPMENT GROUPS

2023 Mac Conway Awards

Determined by an index of corporate facility investment as tracked by Site Selection’s proprietary Conway Projects database, we present the regional economic development group winners of the 2023 Mac Conway Award, named for the founder of Site Selection.

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CUSTOM CONTENT

MASSACHUSETTS

The Digital Edition of the 2023-24 Massachusetts Economic Development Guide Is Here.

Inside this newly published guide, gain insights into the commonwealth’s business climate from MassEcon Executive Director Pete Abair and Secretary of Economic Development Yvonne Hao. Discover what’s happening across the six target industries fueling growth in the Bay State. Read an up-close case study on Devens. Get up to date on connectivity, venture capital, talent, higher education, small towns and so much more.

 

 PROJECT WATCH 

Wisconsin

The Board of Directors of the Wisconsin Economic Development Corp. (WEDC) last week approved awarding up to $5.6 million in performance-based tax credits to assist packaging manufacturer Charter Next Generation with $270 million in investments that will create more than 340 jobs statewide over the next eight years, said a WEDC release. The city of Milton is supporting the project with a TIF development agreement that would provide up to $1.6 million over a 10-year period. “Additionally, the city will be undertaking several infrastructure projects to further advance the construction of the new facility by CNG,” the release stated, noting that the company has four plants in the state. In addition to the new Enterprise Zone for Charter Next Generation, WEDC said it has 18 active Enterprise Zone designations throughout the state, “which are expected to result in over $3.5 billion in capital investment, the retention of over 16,000 jobs, and the creation of over 19,000 new jobs.” Under state law, the Legislature’s Joint Committee on Finance has 14 days to review the creation of a new Enterprise Zone. “The zone will automatically be created unless the committee takes action,” the release stated.

Source: Conway Projects Report

Pennsylvania

A region known for making the cable and wire rope linking the world together is welcoming another investment in the industry as Pennsylvania Gov. Governor Josh Shapiro last week announced that Prysmian Group North America, a maker of energy and telecommunications cable systems, will expand its existing Williamsport manufacturing facility, creating at least 27 new jobs in Lycoming County and retaining a total of 407 jobs statewide. Prysmian operates 28 plants in North America that make such products as underground and submarine cables and systems for power transmission and distribution, as well as medium and low-voltage cables for the construction and infrastructure sectors. The company also produces systems for voice, video and data transmission for the telecommunications sector. The company operates 28 manufacturing plants across North America, including the Williamsport facility. “The expansion of our Williamsport facility will support the growing needs of the power distribution market across North America and serve as an investment in both our factory and our current and future employees,” said Andrea Pirondini, CEO of Prysmian Group North America. “This facility upgrade, funded substantially by a long-term supply agreement with Invenergy Transmission, will support Prysmian’s Advanced E3X conductor technology, used to build key long-distance high-voltage direct-current (HVDC) transmission projects across the U.S., including the Grain Belt Express line and New Mexico North Path line. Through this agreement, we will supply up to 12,500 miles of overhead conductor cable from the Williamsport facility through 2029 to support Invenergy’s portfolio, helping to deliver electricity Americans can count on.”

Source: Conway Projects Report

 

 

KENTUCKY — WHERE TRADITION MEETS INNOVATION

MANUFACTURING

Made in Kentucky

How manufacturing drives the state’s economy.

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From the September Issue

KENTUCKY MAKES

Kentucky Made

Data snapshots and regional profiles tell the story of the commonwealth’s manufacturing sector.

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 SITE SELECTION RECOMMENDS 

This map depicts the growing global manufacturing footprint of Texas Instruments, which recently announced investments in Sherman, Texas, and Lehi, Utah.

Map courtesy of TI

On Thursday, May 3, CHIPS for America will host a public webinar on “Leveraging Federal Opportunities for CHIPS Talent Development.” It’s the latest in a series of events whose slides and recordings are available on the same web page. Last week, CHIPS for America released a paper outlining the vision and strategy for a National Semiconductor Technology Center (NSTC), a key component of the R&D program established by the CHIPS and Science Act. Watch for a feature exploring global semiconductor industry project location trends and challenges in the July 2023 issue of Site Selection.

 

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 PHOTO OF THE DAY 
Photo courtesy of C. Parker Gallery and Paul Nicklen

The work of conservation photographers Cristina Mittermeier and Paul Nicklen will be featured in a new exhibition, “Double Exposure: Two Photographers, One Mission,” opening the weekend of May 5 at C. Parker Gallery in Greenwich, Connecticut. “Their photographs are included in some of the world’s most important private collections and have been featured as iconic images by major national media including National Geographic and TIME Magazine,” said Tiffany Benincasa, the Gallery’s curator and owner. “This is an incredible opportunity to witness the beauty of nature in an intimate and personal way, to share their important message, and join their mission advocating for greater conservation and environmental awareness.” The event kicks off the next chaper of the photographers’ organization SeaLegacy.org, which they call “the global marketing, education and communication agency for the ocean.”

Of this photograph titled “Gaia’s Lungs,” made in Baja, Mexico, last year, Paul Nicklen says, “Heartbreaking in its weakened state, and yet breathtaking in its resilience, the end of the Colorado River branches across the earth as if exposing the very lungs of our planet.”