Utah in 2019 was No. 1 in IP-intensive industry
employment.
Photo: Getty Images
The third edition of the U.S. Patent and Trademark Office’s
“Intellectual property and the U.S. economy” report, released in March,
finds that in 2019, 127 IP-intensive industries in sectors such as
manufacturing; wholesale and retail trade; and professional, technical,
management, and administrative services accounted for $7.8 trillion in
U.S. GDP, or 41% of total GDP. “The report found a substantial wage
premium for workers in IP-intensive industries, with average weekly
earnings 60% higher than that received by workers in other industries,”
said a USPTO release. “States in the Northeast,
Mid-Atlantic, Upper Midwest, and West Coast regions generally had the
highest concentrations of workers in IP-intensive industries.” The top
five states in 2019 were Utah (37%), Washington (36.7%), New York
(35.8%), Massachusetts (35.7%), and Illinois (35.5%). Other strong IP
states include New Hampshire, California, Michigan and Wisconsin.
Compare and contrast these findings with those states’ performance in
Site Selection’s most recently published Prosperity Cup, Governor’s Cup and Business Climate rankings. — Adam Bruns
This city in Williamson County, part of the Austin-Round Rock metro
area, has been at the center of all things tech since long before the
current boom.
Electric car maker Lucid in May announced this new AMP-2 factory
following agreements signed in February 2022 with the Ministry of
Investment of Saudi Arabia, the Saudi Industrial Development Fund,
Emaar, The Economic City at King Abdullah Economic City (KAEC) and Gulf
International Bank. The plant will eventually have a capacity of 155,000
EVs. Initial production will come from re-assembly of Lucid Air vehicle
“kits” that are pre-manufactured at the company’s U.S. AMP-1 facility in
Arizona, and, over time, for production of complete vehicles. Lucid has
entered into an agreement with the Ministry of Finance of the Government
of Saudi Arabia to purchase at least 50,000 and potentially up to
100,000 Lucid vehicles over a 10-year period. The overall agreements are
estimated to provide financing and incentives to Lucid up to $3.4
billion in aggregate over the next 15 years to build and operate a
manufacturing facility in Saudi Arabia. “We are thrilled to be
supporting Saudi Arabia in achieving its sustainability goals and
net-zero ambitions,” said Peter Rawlinson, Lucid CEO and CTO, “as
outlined in Saudi Vision 2030 and the Saudi Green Initiative, by taking
steps to help diversify Saudi Arabia’s economy through the establishment
of manufacturing capacity in KAEC for up to 155,000 of Lucid’s
zero-emissions, electric vehicles per year.”
On Monday India-based Jubilant Pharmove Ltd announced that subsidiary
Jubilant Pharma Lt., through subsidiary contract manufacturer Jubilant
HollisterStier LLC, has entered into a cooperative agreement for $149.6
million with the Army Contracting Command, in coordination with the
Joint Program Executive Office for Chemical, Biological, Radiological,
and Nuclear Defense on behalf of the Biomedical Advanced Research and
Development Authority within the U.S. Department of Health and Human
Services. Got that? The agreement enables the doubling of the company’s
injectable filling production capacity at a cost of $193 million, over
and above a $92 million filling line expansion announced in November.
“Jubilant HollisterStier LLC is committed to making the U.S.
pharmaceutical supply chain more resilient with domestic manufacturing
facilities and less reliant on foreign suppliers,” said Pramod Yadav,
CEO, Jubilant Pharma Ltd.
In the work-from-anywhere era it’s worth keeping tabs on the frequently
updated research of WFH
Research, which as you might guess is tracking work-from-home trends
and activity. The team — which includes members from Stanford University and
the University of Chicago — issued its latest update on Tuesday. Among its
survey findings: Employers appear to be planning on employees able to work
from home to be doing so at least two days a week. Also, WFH sure does make
it easier to interview for prospective new jobs. Moreover, “since summer
2021, about 40% of respondents still working from home 1+ days per week
would quit or seek another job if asked to return to full-time in-person
work,” the update reports. In Site Selection’s Workforce 2022 report,
Cresa’s Jason Jones and Paul Springer offered some strategic solutions for employers and
employees going hybrid.
PHOTO OF THE
DAY
Photo by Colin Hattersley courtesy of pa
media
With a Celtic harp in the foreground, Site Selection Vice President of
Sales Charles FitzGibbon, adorned in full kilt, fur sporran, brogue
shoes and yes, a Prince Charlie jacket (that’s its name!), greets World
Forum for FDI attendees on May 10 at a reception taking place inside the
magnificent National Museum of Scotland. The structure
opened in 1998, but its heritage goes back to the Society of Antiquaries
of Scotland, founded in 1780. Among its items on display is the the
silver casket believed to have been owned by Mary, Queen of Scots.
