orporate America is increasingly seeking ways to move real estate assets off balance sheets and free up capital for operations. The sale/leaseback model is a resourceful way to gain immediate access to cash and decrease debt. Sale/leaseback arrangements improve a firm’s debt-to-equity ratio and reduce depreciation and interest costs. What’s more, by selling a real […]
acilities services will play a strategic role in achieving corporate financial goals this year, a new study of corporate executives finds. The research study by EMCOR Group Inc. of Norwalk, Conn., reveals a growing demand for facilities services among corporate real estate executives. According to the report, nearly half of all […]
I n December 2003, Canada’s new prime minister, Paul Martin, appointed Jim Peterson as his minister of international trade after sweeping into office himself earlier in the month. Martin, a former executive in the shipping and power industries, served as the country’s Minister of Finance from November 1993 until June 2002. Peterson worked under him […]
by MARK AREND A s this issue was going to press, the Dept. of Labor released some new-jobs numbers that must have left the outsourcing-is-evil crowd in a heightened state of bewilderment. Word that 308,000 new jobs had been created in March alone in the U.S. was no less troublesome to the pols who were […]
From Site Selection magazine, May 2004 WORLD REPORTS Edited by JOHN W. McCURRY Europe Emphasizes Other Means to Power Alternative energy continues to draw more emphasis in Europe. Two recently announced projects take aim at harnessing power from the wind and sun and a third is studying the feasibility of building a power plant based […]
“Great news for Pike County!” Gov. Bob Taft exulted, raising clenched fists aloft after USEC announced plans in January 2004 for a US$1.5-billion uranium enrichment plant in tiny Piketon, Ohio (pop. 1,900). USEC’s massive news, though, is a complex mix of both past and present, old and new. […]
Dear IAMC members and prospective members: What happens when you combine a delightful venue, captivating speakers, enthusiastic sponsors, outstanding and cordial staff and over 60-percent corporate active attendance? Well, you kick it up a notch. And that’s what IAMC did at its Spring Forum in Tucson. There was a wonderful […]
A myriad of property management software is available today to handle account and reporting needs of industrial sites. One product that has been around awhile and continues to draw favorable reviews for its latest version is Skyline II. SS&C, a Windsor, Conn.-based software developer for a variety of applications, is the creator of Skyline. […]
ntibiotic resistance is a growing public health problem as disease-causing bacteria continue to find ways to defeat the drugs designed to kill them. It’s a challenge being answered by Rib-X, a young biotech company in New Haven, Conn. Rib-X researchers are using a multi-disciplinary approach to discover new types of antibiotics that will kill or […]
Y ears of championing his state as a top location for business and industry have paid off for Indiana Gov. Joe Kernan in the form of Site Selection magazine’s 2003 Competitiveness Award. As Lieutenant Governor until 2003 – when he took over as governor following the sudden death of Gov. Frank O’Bannon – Kernan personally […]
ndustrial real estate is still riding the coattails of the warehouse/ distribution marketplace, as companies determine where to move their movement operations against the rising background noise of stricter trucking laws, the prospect of radio-frequency identification systems (RFID), tighter shipping security and rising overall shipping and fuel expenses. Regional grocery chain Stater Bros. will build […]
ant to gain an edge over your global competition? Consider locating your next plant in a Foreign-Trade Zone. If you thought that FTZs were only for distribution centers and freight-forwarding facilities, think again. Locating in an FTZ can save your operation millions of dollars per year, and you can do a […]
H ead East is the name of a semi-famous 1970s rock band that was founded in St. Louis and continues to tour the clubs of the heartland some 30-plus years later. Today, head east might best describe the mindset of automobile makers as they assess the lay of the land in Europe. […]
T he top economic development groups in the U.S. for 2003 know how to strike the ideal balance – between confidentiality and telling your story; blockbuster corporate deals and incremental company growth; new development and the infrastructure and redevelopment to go with it; simple processes and sophisticated methods of obtaining them. […]
D ALLAS, Texas – When Texas Instruments opened the world’s most modern semiconductor manufacturing plant in Dallas in 2001, no one knew that this facility would become the first choreographed move in a unique “Texas Two-Step.” On June 30, 2003, that’s exactly what happened when TI announced that it would build […]
H ungering for some good Tex-Mex cuisine? Well, you’re not alone. Some of the world’s largest companies soon will be buying a lot of food in Texas and Mexico, which together captured four of Site Selection’s Top Ten Deals of 2003. From Texas Instruments and Toyota in […]
