We break down the geographic distribution of $5 billion in New Markets Tax Credits awarded to 104 Community Development Entities last week by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund.
Looking for the perfect spot for your business? Palmdale is the third largest city in LA County and growing. With over 13 million square feet of industrial space in development, the City offers close proximity to major distribution facilities such as Amazon, Trader Joe’s, Rite Aid, Michael’s and Sygma. Palmdale is centrally located within 90 miles of LAX and the ports of Los Angeles and Long Beach with quick access to all major freeways.
Earlier this month Austal USA was awarded a $450 million contract to expand submarine module production capacity. The contract will support around 1,000 jobs and spark the construction of a new module fabrication and outfitting facility at the company’s shipyard in Mobile, Alabama, to support the U.S. Navy goal of delivering one Columbia-class and two Virginia-class submarines annually.
Earlier this month JLL released its biennial Future of Work survey, drawing on input from 2,300 business and corporate real estate (CRE) decision-makers. A series of articles explores “key areas of focus for corporate real estate teams,” JLL said, including “Managing the implications of shifting work patterns; Partnering with the C-suite to support CRE investment; Identifying CRE activities for ‘AI copiloting’; Moving from ambition to action on sustainability commitments; and Defining the future-fit CRE function.”
Among the findings, “CRE leaders believe that 70% of their activities will be at least partially supported through the use of AI by 2030, and a quarter of the CRE function could be initially completed through automation.”
PHOTO OF THE DAY
Photo courtesy of CLUI
Founded 30 years ago at an address next door to the mysterious Museum of Jurassic Technology chronicled in Lawrence Weschler’s seminal Pulitzer finalist “Mr. Wilson’s Cabinet of Wonder,” the Center for Land Use Interpretation describes itself as “a research and education organization interested in understanding the nature and extent of human interaction with the surface of the earth, and in finding new meanings in the intentional and incidental forms that we individually and collectively create. We believe that the manmade landscape is a cultural inscription, that can be read to better understand who we are, and what we are doing.”
This image from the CLUI’s 2018 exhibit “The Ground Our Food Eats: Industrial Fertilizer Production in the USA,” features Intrepid Potash’s Cane Creek Mine, near Moab, Utah, an underground solution mine.
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