Investor Watch: November 06, 2023

ASIA

The co-founders of Tractus Asia Limited explore why manufacturing location decisions once driven primarily by costs will increasingly need to consider geopolitical risk and supply chain resilience.

FDI IN AMERICA

As inward FDI continues to grow in the United States (except from China), Mark Arend talks to Jonathan Samford of the Global Business Alliance about the organization’s new report “The Power of Global Investment in America.”

INVESTMENT PROFILE: SAN BERNARDINO COUNTY, CALIFORNIA

From solar arrays to pedestrian-friendly towns, San Bernardino County is enhancing its future.

ADVERTISEMENT

Access all 176 pages of the November 2023 print issue of Site Selection today via the just-posted Digital Edition. There, in addition to the messages of our valuable advertisers, you’ll find our Business Climate Rankings cover story and more data-based rankings of top free trade zones in the U.S. and abroad. You’ll read updates on film incentives, Opportunity Zones and FDI in America, gain insights into growth along the U.S.-Mexico border, in the Caribbean and in Southeast Asia, and access exclusive Site Selection analysis of global location trends and projects in the data center, automotive, medical devices and aerospace/defense sectors. The Charlotte Region Intelligence Report features can’t-miss interviews with business leaders and legends. Regional coverage includes the Ohio River Corridor rankings, in addition to exclusive reporting from Nebraska, the U.S. Southwest and Southeast, Virginia, Wyoming, the Dakotas, Mississippi and Kansas. And learn more from Site Selection Investment Profiles of San Bernardino County, California; Columbus, Ohio; Hoosier Energy; Liberty County, Georgia; and McPherson, Kansas.

Friday brought news from Virginia that window, door and garage door company PGT Innovations will invest $54.3 million and create 659 new jobs (not 660) at a new glass manufacturing operation, Triple Diamond Glass™, in the former Rolls-Royce aerospace parts manufacturing and distribution facility at the Crosspointe Logistics Center in Prince George County. The site is owned by SL Industrial Partners, an affiliate of the Silverman Group, which purchased it in summer 2022 after Rolls-Royce shut down its operation there in mid-2021 due to the downturn caused by the pandemic. Site Selection covered Rolls-Royce’s original location choice in 2007 and caught up with them again at the inaugural SelectUSA Investment Summit in 2013.

“It’s not about incentives: Everybody’s got land,” William T. Powers III, executive vice president and CFO, Rolls-Royce North America, said at that event. “We started with the education proposition, with K through 12. If you don’t have that system down, you’re going nowhere.” Workforce and training resources were key to PGT’s process too: “Prince George, Virginia, offered an ideal blend of proximity to customers, robust infrastructure, and skilled workforce to support this operation and bringing its cutting-edge products to the window and door industry,” said Jeff Jackson, president and CEO of PGT Innovations. “The creation of Triple Diamond Glass represents a major step forward in our company’s journey.”

ADVERTISEMENT

Time fell back yesterday. In the Mountain West, it’s time for the snow to fall down. Laura Lyne, publisher and director of Site Selection and Conway Data, made the first photograph in mid-October and the second in late October near her ranch in Montana.