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Investment Profile

Bright Path Forward

Today Ak-Chin Indian Community and business leaders are reclaiming land. But their eyes are on the bright path to the future, as they seek to foster enterprise instead of entitlement.

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International Update

Angola Awakens

Angola has still to catch up with being oil rich and at peace with itself. A decade has passed since its long civil war ended, and in many ways it has made remarkable progress. Yet much remains to be done – from building infrastructure to reviving agriculture and raising much of its population out of poverty.

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International Update

Top Floor

An expanded list of Best to Invest European cities adds representative metros of Austria, Italy and Spain on the Western side and Estonia, Turkey and the Slovak Republic in the East (see charts). These metros captured enough new and expanded facility investments in 2011, and were deemed superior to other metros in their regions in the LocationSelector.com analysis from IC Associates outlined on page 28, to be recognized here for consideration when European locations are in play.

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International Update

New Challenges to Regional Giants’ Dominance

China and India metros dominate this year’s Best to Invest ranking of Asia-Pacific cities — determined by Site Selection’s New Plant Database, LocationSelector.com analysis from Amsterdam-based IC Associates and a survey of global site consultants. But there’s plenty of activity elsewhere in the region, particularly in Sydney, Australia, and Seoul and Ulsan, South Korea, which ranked sixth, seventh and eighth, respectively.

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Features

A View from the Microscope

In laboratories around the world, researchers are racing to find cures that will drive business. Driven by the implications of patent loss, rising research and development costs and declining return on investment, downward pricing pressure and other factors, the lief sciences industry is regrouping to increase productivity and business performance.

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Cover

Top Deals: Breakthrough Victories

Every picture tells a story. Every year corporations and communities come together to paint pictures of project success. And every spring Site Selection salutes the best corporate facility projects in the world, judged by investment, high-value and high-volume job creation, creativity in negotiations and incentives, regional economic impact, competition and speed to market.

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Cover

Top Economic Development Groups: Recession-Proofing The Economy

Top-performing economic development groups apply lessons learned during the downturn. When the global financial markets reached meltdown status in the fall of 2008, very few envisioned a time when a handful of U.S. cities would reach unprecedented heights of economic prosperity.

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Cover

The 2011 Competitiveness Award: Best in Class

By claiming first place in Site Selection’s annual ranking of state competitiveness, Virginia proved that second place merely means there’s room for improvement. The Commonwealth lost no ground and gained what little there was to gain from its runner-up finish in 2010 with a best-in-class finish for economic development success in 2011.

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Cover

 The 2012 Global Best to Invest Rankings

Site Selection is pleased to present its fourth annual Best to Invest rankings of nations and metro areas for investment-attraction activity in 2011. The national Investment Promotion Agencies recognized here were particularly successful in 2010 at attracting capital investment projects — both expansions of existing facilities and new projects — from investors at home and abroad.

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Life Sciences

Emerging in South Carolina

Rumbling bulldozers had barely scraped the sandy loam at the groundbreaking of Nephron Pharmaceuticals’ new South Carolina plant when CEO Lou Kennedy began talking about doing more.

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Life Sciences

The Ultimate Value-Add

In the May 2012 issue of Harvard Business Review, Anne Marie Knott, a former Hughes Aircraft engineer who serves as professor of strategy at Washington University’s Olin Business School in St. Louis, has published “The Trillion-Dollar R&D Fix.”

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Life Sciences

Persistence Pays Off

It was a time for bell ringing in Newton County, Ga. The promise of 1,500 new jobs meant that, in keeping with a tradition, a ceremonial bell would be rung 1,500 times. Baxter International is coming to town with its $1 billion-plus investment for a biologics manufacturing facility, and local officials and residents wanted to celebrate.

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Energy Report

Rochester Remake

Measured by its ability to weather acute and chronic stresses, Rochester, N.Y. was ranked 61st out of 361 U.S. metros last year by the Resilience Capacity Index (RCI), developed by Kathryn A. Foster, director of the Regional Institute, a research and public policy center of the University at Buffalo.

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Energy Report

Back On Top

According to new research on clean energy financing in G-20 nations released by The Pew Charitable Trusts earlier this month, The United States attracted $48 billion in clean energy investment in 2011, a 42-percent increase over 2010, and just beating out China’s $45.5 billion to claim the No. 1 ranking.

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Energy Report

The Cycles To Come

While the short-term prospects for the renewable energy industry in terms of growth and expansion remain strong, longer-term prospects (beyond 24 months) face some major challenges, and as the new report uncovers, some less obvious investment location opportunities are being considered by executives within the industry.

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Online Insider

Road to Redemption

by Adam Bruns

Around mid-afternoon on April 27, 2011, Gregg Kennedy, part-time mayor of Smithville, Miss., completed his shift at his full-time job at the True Temper Sports golf club shaft manufacturing facility in nearby Amory. He drove straight to the Smithville Town Hall because of the threatening weather.

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International Update

R&D Crossroads

Dow Corning, which has had a presence in Belgium since the early 1960s, is adding two major projects to its footprint south of Brussels. The company’s European headquarters, home to about 700 employees, is based in Seneffe, about 40 km. (25 miles) south of Brussels and about 30 km. (19 miles) north of the border with France. Dow Corning recently opened its Solar Energy Exploration and Development (SEED) center on its Seneffe campus and will soon open a major distribution center nearby.

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Area Spotlights

Thinking Ahead

Northeast States: There are reasons that New Jersey (second), New York (sixth) and Pennsylvania (ninth) all place among the top 10 states in total R&D. Certainly the region’s strength in the nation’s leading R&D recipient sector, chemicals, and its pharmaceuticals subsector is one.

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Area Spotlights

Develop Here — But Not There?

Baltimore, Maryland is the location of two new headquarters projects — one involving construction of a new waterfront office complex for Constellation Energy Group, which is merging with Chicago-based Exelon, and one the expansion of Under Armour’s headquarters in the Locust Point area.

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Features

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International Update

Central America In 2012

Capital investors should take note of Central America’s economic growth and stability, says an expert.

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International Update

Brazil Closes the Direct Investment Gap

In recent years, Brazil has emerged as the top destination country for foreign investment in Latin America, attracting a third of foreign investment projects into the region, and creating 50,000 new jobs in 2010. Brazil increased six positions as a global destination of foreign projects, reaching fifth place in 2010, after the U.S. and the rest of the BRIC countries, according to the IBM-PLI Global Location Trends report 2011.

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Area Spotlights

All In Good Time

In 1995, Sanford Orkin, former president of Atlanta-based Orkin Pest Control and son of its founder, purchased 922 acres (373 hectares) of land near Athens, Ga., home to the flagship campus of his beloved University of Georgia, for $7 million. Since then the “Orkin tract” has experienced several close misses with major prospects, including an initial prospect in 2000, a never-built Daimler vehicle plant in 2002 and a Novartis vaccine plant that chose Holly Springs, N.C., over the site in 2006.

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