Apparently it also will breed better offers. Now publicly scouring the nation and the globe for potential sites, San Diego–based Natilus, maker of an innovative blended-wing-body aircraft, announced this week it aims to build a 300-job, 250,000-sq.-ft. complex near an airport. It plans to multiply those numbers by 10 for a second facility somewhere in the world. We talked to the CEO.
Apple’s $500 billion bet on the United States; GlobalFoundries in New York; a new lithium refinery in Oklahoma; CBRE’s 100 largest office leases; Diageo in Alabama; Novva Data Centers in Arizona.
Ready to take the plunge? Jay Peak, abutting the Canadian border in Vermont’s Northeast Kingdom, was redeveloped in part via EB-5 investments.
Archive photo courtesy of Everett Freeman, Everett Freeman Visual Productions
When President Trump and U.S. Commerce Secretary Howard Lutnick in late February floated the idea for a “Gold Card” to give high-net-worth individuals permanent residency and a pathway to citizenship for $5 million, those connected to the EB-5 program — which provides a green card for those who can shell out $1 million and create at least 10 jobs — grew worried, as Secretary Lutnick called for the gold card program to replace EB-5, which he described as “full of nonsense, make believe and fraud.” As of yesterday, Secretary Lutnick said, 1,000 gold cards had been sold.
As it turns out, explained Bloomberg Law among others, the new program is meant to accompany an EB-5 program that may be further reformed after it was revamped in 2022 with slightly higher investment thresholds and new vetting standards and as of late February had attracted more than $6.1 billion since the revamp. Moody’s Private Client analysis last week stated, “popular sentiment is that the current EB-5 Program will remain active until the EB-5 Reform and Integrity Act of 2022 sunsets in September 2027, consistent with current case law regarding the executive power to unilaterally terminate bipartisan congressionally-approved programs. In the meantime, the news of a potential Gold Card may serve as motivation to many foreign nationals interested in U.S. permanent residency to move forward with the EB-5 program and its relatively low price tag.”
Transportation, Technology, and Talent are just three of the many reasons why the Northern Kentucky Region is the top place to call home for your business.
Cincinnati/Northern Kentucky International Airport offers two global air hubs — DHL Express Global Superhub and Amazon Air — and 55+ nonstop destinations. You can get your products and people around the world easily and efficiently.
IT employment grew by more than 29% from 2020 – 2025 and is projected to keep growing at an accelerated pace.
Forbes Named Cincinnati the Best Place for Young Professionals to Live in the U.S. in 2024.
Seven Fortune 500 companies call the Cincinnati region home.
Innovation Happens Here:
A total of 25 four-year colleges/universities are located within 75 miles
SparkHaus, a dedicated space for entrepreneurs and venture capital in the region, is run by Blue North, fueling innovation in Northern Kentucky
LifeSciKY, a new wet lab incubator opening in 2025, is building on a thriving life sciences sector
The Northern Kentucky Region is the top place to call home for your business. It could be just the advantage you need to help your business take off. Visit be-nky.com/business to learn why.
New America’s Shalin Jyotishi describes how a new accelerator and partner council support best practices in workforce development in NSF Innovation Engine regions.
The 2024 Career Interest Survey from the National Society of High School Scholars contains a boatload of insights from the responses of more than 10,000 Gen Zers: high school and college students born after 1997.
Two resources concerning energy use will be of interest to corporate and community leaders alike. First, Measurabl, the California-based firm whose robust building-level energy data partially inform Site Selection’s annual Sustainability Rankings, distributed an alert because of the EPA’s change in focus in case data in the ENERGY STAR Portfolio Manager program goes missing. For Measurabl customers, the firm said, “The data you have shared with Measurabl is already backed up and secure within our platform. We’ll continue supporting your reporting workflows and will follow up directly if any disruptions occur.” For those not with Measurabl, “Back up your data today,” the firm said, providing a step-by-step guide for how to transfer data to Excel and answering other FAQs. “This ensures you have access to critical building and meter data, performance reports, and disclosure templates in the event of any unexpected service interruption.”
Last week, the National Governors Association (NGA), in coordination with the National Association of State Energy Officials (NASEO), released a playbook to help support Governors and state energy officials in developing communications strategies to respond to energy emergencies. Titled “Public Communications Playbook for Energy Emergencies,” the playbook highlights seven model responses and “outlines guidance and best practices to help state and territory leaders develop strategic plans and processes to coordinate response efforts and communicate effectively with response teams and the public during an emergency that impacts energy production or delivery,” the NGA said.
PHOTOS OF THE DAY
A New York Times story this week alerted us to the “Save the Tiles” effort in wildfire-ravaged Altadena, California, as teams navigate destroyed home sites and carefully chisel and pry loose historic kiln-fired artistic tiles that survived the fires but won’t survive imminent bulldozers. An email to the team coordinating the effort produced access to these striking images of the work underway.
As the rescue coalition explains, the area’s embrace of Arts and Crafts aesthetics in the early 1900s inspired Ernest A. Batchelder, a pioneer of the movement, to begin producing hand-crafted tiles in 1910 in “a kiln behind his bungalow on the banks of the Arroyo Seco.” Architects Greene & Greene incorporated his work into homes and buildings across Altadena and Pasadena. “Batchelder’s tiles became synonymous with fireplaces, fountains and architectural details in both residential and commercial spaces,” the Save the Tiles group says of his firm’s growth, which included a Los Angeles manufacturing site.
“Notable commissions included the Dutch-themed Chocolate Shop in Los Angeles and the Hotel Hershey in Pennsylvania. At its peak in the 1920s, his factory employed up to 175 artisans, producing tiles that adorned homes, civic buildings and even chapels across the U.S. While the Great Depression forced the company to close in 1932, today Batchelder tiles remain celebrated as iconic elements of Altadena’s architectural heritage.”
The team has so far rescued 75 fireplaces but the list is double that number. “In truth,” says the group, “these tiles may be the only surviving link between Altadena’s historic homes and our town’s future.”
Photos courtesy of Meg Pinsonneault, Nick Agro and Save the Tiles
