CYBERSECURITY
As cybersecurity investments reach “unprecedented Levels,” the U.S. is the far-and-away leader, but one executive from India explains why his country is on the rise.
Current Issue: March 2025
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Read March 2025 IssueCover Story
2024 GOVERNOR’S CUPS RANKINGS: Winning Streaks
Texas wins for the 13th year in a row and South Dakota repeats as the per-capita champ. Editor Emeritus Mark Arend talks to Texas Gov. Greg Abbott, former South Dakota Gov. Kristi Noem (now U.S. Secretary of Homeland Security) and new South Dakota Gov. Larry Rhoden about their states’ success. “Freedom” is a common thread.
Read Cover StoryFeatures
2024 TOP INDUSTRIES
Machinery & Equipment reigns supreme once again, while Business & Financial Services is the biggest upward mover.
AGRIBUSINESS: Something Old Made New Again
Is the zeitgeist right for agrihoods? Gary Daughters looks into the increasingly popular neighborhood concept and talks to one of its champions.
BIOPHARMACEUTICALS
Could AI save lives? Deployments by Moderna and Amgen will offer evidence. Arnold & Porter’s Global Life Sciences lead shares insights on the convergence of AI and life sciences.
AIRPORTS & AIRPORT CITIES
A report from Geneva, Switzerland–based Air Transport Action Group documents aviation’s contribution to global prosperity.
DATA CENTERS: Stars Align In Wonder Valley
Shark Tank’s Kevin O’Leary bets $70 billion on a new AI park in Alberta.
MISSISSIPPI RIVER CORRIDOR
Greater St. Louis and Fort Madison, Iowa, top our rankings of metros along the entire river’s length according to their project activity.
TOP MICROPOLITANS OF 2024: Bow Down Before Ohio
Steadfast Findlay, Ohio, is No. 1 again. Wait ’til you see how many other Ohio micropolitan areas are crowding the top of the rankings.
Top Metros – Tier 1: Investment Keeps Sailing into the Windy City
With nearly 100 more projects than in 2023, Chicagoland reigns supreme among the nation’s largest cities. Greater Austin, Texas, wins the per-capita competition.
Top Metros – Tier 2: Dayton Lands Back on Top
The region returns to No. 1 among medium-sized metro areas for the first time since 2021. Sioux Falls, South Dakota, is No. 1 per capita.
Top Metros – Tier 3: Purpose Built for Industry Needs
Ongoing success at a major industrial park continues to propel the fortunes of Tier 3 champion Bowling Green, Kentucky, which takes the per-capita title as well.
Investment Profiles
VIRGINIA: Cybersecurity Is In the Commonwealth’s DNA
Virginia takes keeping its tech-talent pond well stocked very seriously.
PNK GROUP: A New Generation of Industrial Buildings
PNK Group’s commitment to optimizing processes transforms potentially stressful projects into successful, hassle-free experiences. By integrating its innovative processes with strategically designed multifunctional facilities, this industrial construction engineering and development company accelerates the construction process, ensuring each project is completed on time, within budget and free from the typical roadblocks that often slow down site development.
Maryland’s New Frontier
Biomanufacturing is expanding horizons in life sciences. Darryl Sampey, a veteran of Maryland’s life sciences community, co-founded BioFactura, a biopharmaceutical startup, in 2004. Twenty-plus later, he views the newly expanded business as a “poster child” for a homegrown Maryland biotech company. Conceived in after-hours brainstorming sessions at an earlier Maryland startup, nourished by generous state […]
SAN BERNARDINO COUNTY: Airport Growth Fuels Economic Expansion
Airport-driven economic development is not just a desired outcome in San Bernardino County in Southern California; it is ingrained into the strategy and mission of those who lead the airports in this Inland Empire jurisdiction of 2.18 million people.
International
EASTERN EUROPE
A look at how low-tax jurisdictions perform in corporate project attraction.
CENTRAL AMERICA
The region that welcomed the new U.S. Secretary of State on his first trip abroad is making headway in the semiconductor supply chain, among other areas.
WORLD REPORTS: March 2025
Pfizer has announced that it invested $743 million to expand its four-year-old Active Pharmaceutical Ingredient (API) plant at Singapore’s Tuas Biomedical Park. At 429,000 sq. ft., the upgraded facility will begin production of small molecule APIs used in the pharmaceutical manufacturer’s oncology, pain and antibiotic medicines.
ONTARIO
Roche Canada and OmniaBio join AstraZeneca in a life sciences surge.
NORTH AMERICAN REPORTS : March 2025
Apple’s $500 billion bet on the United States; GlobalFoundries in New York; a new lithium refi nery in Oklahoma; CBRE’s 100 largest o ce leases; Diageo in Alabama; Novva Data Centers in Arizona
MIDDLE EAST
Tens of billions of dollars in projects are headed to Saudi Arabia. Many are in the surging AI space, and one big one is in HVAC.
BRAZIL: Brazil’s Handshake To the World
Market access, resources and a diversifying economy propel an FDI juggernaut.
ASIA: Site Selection in an Era of Uncertainty
Tractus Asia Co-Founder John Evans offers his perspective on a new level of uncertainty and risk in global site selection.
Departments
IAMC Insider: LETTER FROM THE CHAIR
A letter from the Chair and an interview with water expert James Eklund.
EDITOR’S VIEW: Play Ball
If you build it … chances are you’ll expand it later.
Area Spotlights
ILLINOIS: Stellantis is Here to Stay
Stellantis will reopen its Belvidere plant. The state continues to attract investments in the EV and clean energy sectors.
South Carolina
A new report quantifies the economic impact of the state’s six commercial service airports.
Minnesota
Major projects show why SAF is the fuel of the future for the aviation sector.
Indiana
Primient and Sustainea Biologics partner on a novel approach to sustainability in the corn wet milling and plastics sectors. Superior Ag lands a new facility on the banks of the Ohio River in Spencer County.
PACIFIC NORTHWEST: POWER PLAY
Hydroelectricity helps deliver the EV revolution to central Washington.
New Mexico
Three solar companies fortify Albuquerque’s sustainability profile with projects. A helium production plant rises outside Roswell.
SOUTH – CENTRAL
The Smackover Formation in Arkansas is one part of a regional lithium play with promise for the EV and battery sectors.
I – 5 CORRIDOR: Put a Lid On It
In Seattle, it’s time to put a lid on things to reconnect people and places.
California: SWISS DRUG MAKER BANKS ON THE GOLDEN STATE
How Vacaville became a biotech boomtown in the Bay Area. Plus updates on wildfire recovery, legislation, film production in San Diego, energy storage at Camp Pendleton and the state’s leadership in green building.
Northeast U.S.: The Commute Matters
The hot-button issue of congestion pricing in New York City highlights a larger regional conversation about commuting and transit options.
Intelligence Reports
Riverside County Offers ‘Powerhouse’ Ecosystem Driven by Diversity of Endeavors and Cultures
You can’t be an empire without leaders. The Inland Empire region of Riverside-San Bernardino-Ontario, California, continues to demonstrate leadership in a number of areas — and attract global industry leaders because of it.