At both the regional and city levels, the Big Apple leads the way overall while Sheridan, Wyoming, and Lawrenceville, Georgia, shine on a per-capita basis.
Find RFI Ready sites in Greater Des Moines (DSM) that are prime for development and ready for your next project. The Greater Des Moines Partnership can provide the data needed to guide your decision-making and provide expert insights on the DSM business climate. See what this top 10 fastest growing metro in the United States (Site Selection Group) and #2 Best Place for Young Professionals (Forbes) has to offer you.
The Council on Economic Policies (CEP) is a nonpartisan think tank for sustainability focused on fiscal, monetary and trade policy, with a particular focus on government tax expenditures, i.e. tax breaks and incentives. “Tax expenditures (TEs) — benefits granted through preferential tax treatment such as exemptions, deductions, credits, deferrals and other measures — are costly, used widely by governments worldwide and often opaque,” the organization says.
The CEP recently partnered with the German Institute of Development and Sustainability to release the Global Tax Expenditures Database, covering 218 jurisdictions and more than 27,500 individual TE provisions worldwide. The graph from CEP above depicts the impact of tax expenditures over time in terms of forgone revenue.
The Mid-Atlantic Network Access Point (NAP) of Virginia located in QTS’ 1.3 million-sq.-ft. Richmond mega data center is the closest Tier 3 designed data center to the MAREA and BRUSA subsea cables, enabling low latency and high connectivity with European and Latin American locations.
Map image courtesy of QTS
Twenty years ago this month, former Site Selection Senior Editor John McCurry interviewed Robert LeFort, president of Infineon Technologies North America, about the company’s decision to move forward with a $1 billion investment in Richmond, Virginia, on a site fortified by $44 million of infrastructure investment by Henrico County. The story followed the late Jack Lyne’s May 2004 account of the decision and its corporate context in one of his signature “Blockbuster Deal” stories. Founded as White Oak Semiconductor in 1996, the Richmond operation became an Infineon Technologies site when Infineon spun off from Siemens in 1999. Later, the site was occupied by Qimonda, which split off from Infineon in 2006 but eventually filed for bankruptcy in 2009. After a return engagement as president of Infineon Americas for more than eight years, LeFort retired last summer.
Today the 2,270-acre site known as White Oak Technology Park is home to a Meta data center and the Richmond Mega Data Center campus from QTS, attracted in part by the lowering of tax rates on data centers. QTS in 2022 announced an expansion of the data center, and this summer acquired 622 acres of a recently rezoned site for the White Oak Technology Park II project next door.
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PHOTO OF THE DAY
Photo: ATP/Pierer
Standing out from its surroundings in Rijeka, Croatia, like a “glistening crystal on the sea” is the revitalized 16-story office tower of Croation retailer Plodine. The building overlooking the Adriatic Coast was revitalized and upgraded by Innsbruck-based ATP architects engineers after Plodine acquired the site in order to consolidate its administrative processes in one place in its hometown. “We developed the vision of a clifftop crystal that reflects the movement of the sea and of the clouds in the sky,” said ATP Partner Dario Travaš, managing director of ATP architects engineers, Zagreb, in a company release. Thanks in part to a new façade, the previously half-finished and unused office tower is now a “nearly-zero-energy-building,” says the firm, and recently was recognized with an Iconic Award from the German Design Council, to be presented at Expo Real in Munich in October.
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