As the Industrial Asset Management Council prepares to convene in Greenville, South Carolina, next week, Chair Betsy Power discusses strategic vision and we take a look at some of the nearly $63 billion in projects unfolding around the world from IAMC member companies.
One crafty craft brewer in Madras, Oregon, seized the opportunity when thousands of visitors visited the region for a total solar eclipse on Saturday, August 19, 2017.
Photo by Aubrey Gemignani courtesy of NASA
The Perryman Group has delivered analysis of the expected economic impact of next week’s solar eclipse on the U.S. and certain U.S. states. “The path of totality enters Texas around Eagle Pass and crosses the nation to the northeast, exiting the northeast near Houlton, Maine,” the brief explains. More than 30 million people reside in the path of totality (12 million in Texas alone), but it’s tourists who will supplement resident spending with “an increase in direct expenditures by visitors of almost $1.6 billion.”
Great Point Studios is rising on former low-income housing site in Newark, New Jersey.
Rendering courtesy of Gensler
The New Jersey Economic Development Authority this week reopened applications for film production facilities seeking a designation that will facilitate access to a separate pool of tax credits designed to encourage the development of large, long-term film production facilities in the state. Under the New Jersey Film and Digital Media Tax Credit Program, as a complement to the program for individual film production projects, two additional and separate allocations were established to support projects led by Studio Partners and Film-lease Partners Facilities.
In 2022, Lions Gate Film Inc. was awarded the first Studio Partner designation after committing to occupy 253,000 square feet at Great Point Studios development in Newark, as documented in the Northeast regional review in the March issue of Site Selection. Other recent coverage of film production activity in the state and region includes Gary Daughters’ look at incentives in New York and Alexis Elmore’s report on activity at New Jersey’s Fort Monmouth, among other locations.
PHOTO OF THE DAY
This image shows the Atacama Large Millimeter/submillimeter Array (ALMA) in Chile looking up at the Milky Way as well as the location of Sagittarius A*, the supermassive black hole at the center of the galaxy.
Photo courtesy of ESO/José Francisco Salgado (josefrancisco.org), EHT Collaboration
In keeping with the skygazing about to take place for the eclipse, here’s a new image looking a little farther into the universe. The Event Horizon Telescope (EHT) collaboration has uncovered “strong and organized magnetic fields spiraling from the edge of the supermassive black hole Sagittarius A*,” says EHT. “Seen in polarized light for the first time, this new view of the monster lurking at the heart of the Milky Way galaxy has revealed a magnetic field structure strikingly similar to that of the black hole at the center of the M87 galaxy, suggesting that strong magnetic fields may be common to all black holes.
“Because the black hole is about 27,000 light-years away from Earth, it appears to us to have about the same size in the sky as a doughnut on the Moon,” explains the team at the European Southern Observatory. “To image it, the team created the powerful EHT, which linked together eight existing radio observatories across the planet to form a single “Earth-sized” virtual telescope. The EHT observed Sgr A* on multiple nights in 2017, collecting data for many hours in a row, similar to using a long exposure time on a camera.”
