Investor Watch: January 27, 2025

PROJECT BULLETIN

Muscat, Muhafazat Masqat, Oman; Mississauga, Ontario, Canada; Mevo Carmel Science and Industry Park, Northern District, Israel

DHL Express gets moving in Oman. AstraZeneca enhances R&D operations in Greater Toronto. Technology giant Nvidia expands its already robust R&D network in Israel.

FROM SITE SELECTION MAGAZINE, JANUARY 2025 ISSUE

SEMICONDUCTORS & SUPPLIERS

Report: U.S. Set to Dominate Global Chip Production

The Semiconductor Industry Association projects the U.S. will triple its semiconductor manufacturing capacity between 2022 (when the CHIPS and Science Act went into effect) and 2032. And veteran site selectors Robert Hess and Gregg Wassmansdorf of Newmark tell Mark Arend what’s important to know about siting a semiconductor plant.

INVESTMENT REPORT: DETROIT

Detroit Region Talent & Investment Guide

Profiles of the area’s business success stories, demographics, infrastructure, workforce, industrial sites and lifestyle paint a picture of a region on the rise.

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FROM THE ARCHIVES

Apprentice program partnerships involving AON, Allstate, City Colleges of Chicago and the One Million Degrees program have shown promising results.
Photo by mmac72: Getty Images

Newly published research commissioned by the U.S. Department of Labor and performed by Economist Frank Manzo IV of the Illinois Economic Policy Institute (ILEPI) and Professor Robert Bruno of the Project for Middle Class Renewal (PMCR) at the University of Illinois at Urbana-Champaign demonstrates that registered apprenticeship programs “dramatically increase the ability of participants to afford basic needs in their communities.” For their report, says a release, Manzo and Bruno analyzed data on nearly 2.8 million registered apprentices from the U.S. Department of Labor’s Registered Apprenticeship Partners Information Management Data System (RAPIDS) between 2019 and 2022.

As it happens, a Site Selection Snapshot from two weeks ago focused on this very topic in the very same state of Illinois.

ARKANSAS ECONOMIC DEVELOPMENT GUIDE

FIREARMS & AMMUNITION

Locked & Loaded

Dozens of firearms and ammunition manufacturers have operations in Arkansas, because they know a firearms-friendly state when they see one.

CASE STUDY: TREX

All Decked Out: Trex Builds on Commitment to Arkansas

The world’s largest manufacturer of high-performance composite decking and railing in August celebrated the topping out of a $400 million plant in Little Rock.

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SITE SELECTION RECOMMENDS

Welding is the career pathway pursued by a formerly incarcerated individual in Tiffany Camhi’s recent story for Oregon Public Broadcasting.
Photo by TerryJ: Getty Images

An increasing number of programs across the nation are supporting the formerly incarcerated in finding new career pathways. Tiffany Camhi of Oregon Public Broadcasting reports on one of them: WorkSource Oregon Reentry. The story is supported by Camhi’s Higher Education Media Fellowship awarded last year by the Institute for Citizens & Scholars, a program to which 2021 Fellow and Site Selection Editor in Chief Adam Bruns continues to contribute as a mentor and now advisory committee member.

PHOTO OF THE DAY

Photo by NASA astronaut Butch Wilmore courtesy of NASA

A photo taken by NASA astronaut Butch Wilmore in early January aboard the International Space Station 256 miles above the Persian Gulf shows Dubai, with its artificial island Palm Jumeirah, at approximately 10:03 p.m. local time.