As Site Selection Editor in Chief Mark Arend attends the Smart Airports & Regions Conference & Exhibition kicking off today in El Paso, Texas, aerotropolis expert John Kasarda walks us through the incredibly rapid ramp-up of this new zone in Henan Province.
FundRock Management Company announced further expansion in Asia with plans to open an office in Singapore. The UK-based investment management company is looking to better serve existing clients and expand the company’s network in Asia. Singapore and Hong Kong will be the company’s first steps into Asian markets, where they see ample opportunities with the continent’s growing middle class.
The custom plastic and metal manufacturer Dielectric has begun construction on a 103,000-sq.-ft. new headquarters in Germantown, Wisconsin. The new facility will also be used as a manufacturing facility and will include production space, a warehouse and office space. The continued growth and success of the company led to the decision to build the new facility, said company officials.
Yesterday, the U.S. Census Bureau announced the release of a new data product that promises to be an ideal complement to Conway Analytics. The Bureau’s Business Formation Statistics (BFS) tracks trends in business applications and formations at the state, regional and national levels, relying on data from business applications for employer ID numbers from the IRS. It also includes projections for business formations in the near future: Figures from the second quarter report released yesterday project that the Midwest will lead in business formations over the next year or two, with the South a close second.
"The BFS began in 2012 as a research project in the Census Bureau’s Center for Economic Studies and was first released in beta form in February 2018," the Bureau said.
Business Formations within Four Quarters by State, Per 1,000 People
Maps courtesy of U.S. Census Bureau
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Joel Marcus is chairman and CEO of Alexandria Real Estate Equities, which he founded 25 years ago as a garage startup.
Earlier today, NAIOP announced it had chosen Alexandria Real Estate Equities its 2019 Developer of the Year, the organization’s highest honor. "Founded on the premise that life science companies are most successful when positioned in close proximity to world-renowned academic and medical institutions, cutting-edge scientific and managerial talent and strategic investment capital," said NAIOP, "Alexandria has utilized Harvard Business School Professor Michael E. Porter’s cluster theory as the foundation of its differentiated and multifaceted business model."
Site Selection has interviewed Alexandria Chairman, CEO and Founder Joel Marcus and colleagues multiple times over the years, whether the topic was a new ag-tech park in the Research Triangle, continuing growth from Merck and others in South San Francisco, or why being "on campus" in New York City makes sense.
Laura Martin, market development manager for Conway Events, made this photo recently while on a horse trek through the Cardrona Valley in Otago, New Zealand, a historic valley nestled within the Southern Alps. According to New Zealand’s official tourism site, during the late 1800s, Cardrona was at the center of the Otago gold rush. Today, Cardrona Valley is sought out for its winter sports (including the Merino Muster cross-country ski race and Audi Quattro Winter Games), and, in the summer months, its horse trekking, hiking and mountain biking trails. — Georgia Whitmer
