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The Drive to Globalize: Profit Motive Rules as Foreign Direct Investment Soars
How global is your company? If you're committed to making your firm as profitable as it can be, it must be increasingly worldwide in scope.
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Highlights from Site Selection ? December 1997/January 1998 The Drive to Globalize: Profit Motive Rules as Foreign Direct Investment Soars by Tim Venable How global is your company? If you’re committed to making your firm as profitable as it can be, it must be increasingly worldwide in scope. Your headquarters might be in Peoria, but […]
Read MoreConway Custom Content Managing Editor Savannah King is our tour guide through three regions that know how to propel companies toward success.
There’s no shortage of global cold chain expansion activity among grocers, pharmaceutical companies and the technology and automation firms that serve them.
When Editor in Chief Mark Arend arrived at the office recently, he found review copies of three new books about localism on his desk.
Texas’ famously pro-business climate, skilled workforce attracts family-owned businesses to Terrell.
In key state rankings and cost of living, the Sunflower State shines brightest.
Features
Highlights from Site Selection ? December 1997/January 1998 Nokia Wirelessly Takes on the World by Jack Lyne Helsinki-based Nokia has achieved a remarkable business turnaround. After losing US$213 million in 1991-92, the old-line Finnish conglomerate, founded in 1865 as a forest-industry operation, has totally transformed itself. Now, Nokia is the No. 2 world player in […]
Read MoreThe same year that gave us the Cuban missile crisis, the Second Vatican Council, the admission of James Meredith into the University of Mississippi and the newly independent countries of Algeria, Jamaica and Trinidad and Tobago also gave us Kohl's, Kmart (now part of Sears), Target and Walmart, all of which got their start in 1962.
Teleperformance is one of many BPO firms growing in Jamaica, where a major bakery investment is also rising. Plus a major silicone and sealant manufacturer chooses to grow its home base in Puerto Rico.
The Smart Grid is a transformation in the electric industry with great potential for corporate competitiveness and regional economic development, and economic developers have a key role in making it happen.
The United Kingdom is enjoying a significant uptick in its core economic indicators that give it a first glimmer of hope for an economic turn-around.
P fizer’s 600-employee expansion in Ann Arbor, Mich., looked deceptively simple — on paper, at least, once it was a done deal. One number fairly leaps out in the postmortem: a whopping US$84.2 million in incentives, certainly enough to vacuum-seal most major expansions. And those bountiful incentives certainly did help seal […]
Features
Highlights from Site Selection ? December 1997/January 1998 Contract, Expand, Adapt: The Auto World’s All-at-Once Imperative by Karen E. Thuermer Today’s auto industry is getting a very mixed message: Contract and expand and adapt . . . quickly. On one hand, sluggish North American and European sales have made retooling and streamlining imperative. Simultaneously, emerging […]
Read MoreSOUQ.com founder Ronaldo Mouchawar is among the entrepreneurs bringing e-commerce to the Middle East.
Belgian Prime Minister Elio Di Rupo was able to crow at the World Economic Forum in Davos this year, as his nation reaped a host of honors: Belgium was named the fourth most open economy in the world by Ernst & Young’s Globalization Index, while also coming in fourth among 123 countries in the Conference Board’s annual report on worker productivity.
“It’s all about the lifestyle,” he gushed. “Your office can be on your porch or on a beach.”
A wave of North American reshoring has Mexican exports to the U.S. on the rise.
How Grand Rapids plans to become a major tech hub in the Central U.S.
Features
Highlights from December 1997/January 1998 COVER STORY Nokia Wirelessly Takes On The World Now, Nokia is the No. 2 world player in the burgeoning mobile phone market, breathing down mighty Motorola’s neck. pg. 1124 Real Estate’s Cream of the Crop: 1997 IDRC Best Practices pg. 1101 Managing Cultural Differences: Challenges For Americans Doing Business In […]
Read MoreWith apologies to The Doors, welcome to what might be called the “Governors Issue” of Site Selection.
EDITOR’S NOTE: The project records appearing every week in the Site Selection Project Bulletin are pulled from the Conway Projects Database, a proprietary resource with tens of thousands of records of corporate end-user facility investments across all industry sectors and all world geographies. Want to look for our projects yourself? Look here. Buttering Up New […]
Gov. Tom Corbett laid out Pennsylvania’s most ambitious energy plan ever on Jan. 21. The bottom line? Expanding companies will find even more cost savings when they invest in the Keystone State.
The growing portfolio of BNSF Certified Sites helps customers and communities bridge the gaps.
Features
Highlights from Site Selection ? October/November 1997 Case Study: Nortel Builds a New HQ — and a ‘New City’ Global power Nortel shattered the mold with its new headquarters, moving 3,000 key knowledge workers from Class A high-rises to a reconverted, one-story, 1960s’ factory in Brampton, a Toronto suburb. What’s more, it created a workplace […]
Read MoreHelped by supportive policies, redevelopment projects put a new shine on landmark properties.
An emerging space technology cluster is casting the City of Bridges in a new light.
his July, a defense industry precedent was set when Secretary of Defense Robert Gates announced that a U.S. Air Force aerial refueling tanker contract worth around $40 billion was to be put up for rebidding after an investigation by the Government Accountability Office (GAO), the audit, evaluation and investigative arm of the U.S. Congress, uncovered […]
The enviable strength of the US economy is being felt in both new and old places. Find out where your state ranked!
If our long-running Technology InSITE series has taught us anything, it's that tech products for sound corporate real estate management and decision-making are only as good as the people who create, wield and improve them.
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Highlights from Site Selection ? October/November 1997 Legislatures on a RollThird Straight Tax Cut Adds $2.6 Billion Shine To Already-Bright State Business Climates by Audrey Pennington State governments found themselves awash with surplus funds in 1997, relatively speaking, more than they’ve seen since 1980. As a result, lawmakers spent much of their legislative sessions figuring […]
Read MoreTurkey’s economic strengths and abundance of skilled workers deliver the confidence and predictability required by today’s global capital investors.
It’s the rallying cry of every scientist, researcher, policymaker, baseball general manager of the “Moneyball” school and journalist reporting out an ambitious story.
The most critical factor in your decision on where to set up shop in 2021 should be talent production,” Startup Genome Founder JF Gauthier wrote in the pages of Site Selection magazine in July 2021.
What does having the No. 1 business climate in America do for your state?
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Highlights from Site Selection ? October/November 1997 C O V E R S T O R Y Hong Kong: Business Still Dances Inside the Dragon’s Jaws by Jack Lyne Forget the hype and hysteria. Hong Kong’s turnover hasn’t dulled its legendary business buzz. Hong Kong is awash with conviction a month after becoming a […]
Read MoreThe countdown of the phaseout of the 29-year old Space Shuttle program is in its final stages.
Fresh from winning its 11th consecutive Governor’s Cup for total capital investment projects earlier this year, Texas is finishing 2023 ...
SITE Visit From Site Selection magazine, November 2008 Foxconn Finds San Jeronimo The chain of binational development in the El Paso-Juarez-Las Cruces region is facilitated in large part by this relatively lightly traveled border crossing at Santa Teresa, N.M. Photo courtesy of New Mexico Border Authority W hat does it say about border relations […]
Fast Track Project Management WorkPlaceUSA (www.workplace-usa.com), a Dallas-based provider of project management and other real estate services, is using an Internet-based project management system from Citadon (www.citadon.com), San Francisco, to facilitate the simultaneous creation of 13 network information centers for WorldCom. The $900 million effort involves building 12 centers totaling 1.3 million sq. ft. (120,700 […]
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Highlights from Site Selection ? October/November 1997 Plumbing China’s Real Estate Puzzle Box Fast-changing China presents an intricate puzzle box of real estate challenges. Here are some of the big issues, derived from Site Selection research and interviews: Corruption: Hong Kong scorns it. C.Y. Leung, the No. 2 man in Hong Kong’s provisional government, pointedly […]
Read MoreConsidering a Northwest location? If so, you may benefit from one or more of Business Oregon’s priorities for the next several years.
Looking for places where major employers and major populations both have a strong chance of being served by continuing infrastructure investment?
The Aqaba region builds on its centuries-long role as a Red Sea crossroads linking Asia, the Middle East and Europe.
Highlights from Site Selection ? February/March 1998 IDRC’s Service Delivery Best Practices Award: Ford Motor Land Services and Alliance 2000 by Tim Venable In late 1993, Ford Motor Co. Chairman Alex Trotman had a better idea. He announced his intent to globalize the company as the first step in a push to become the world’s […]
N on-European firms seeking to establish a call center in Europe faced relatively few obstacles in the late 1980s and early 1990s. They opened individual centers in whichever countries they felt the need to be in. By today’s standards, the centers were generally low-tech, and the notion of networking multiple centers had yet to catch […]
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Highlights from Site Selection ? October/November 1997 Flash Points:Hot Business Climates Ignite Worldwide Blaze of Location Moves by Tim Venable Want to know where the world’s hottest business climates are? Just take a look at where companies are placing the most offices, factories and other facilities. According to Conway Data’s exclusive New Plant database, the […]
Read MoreLast summer, Dr. Maurie McInnis took office as the sixth president of Stony Brook University.
The relatively few, isolated incidents of oil coming ashore were dealt with quickly and efficiently, say economic developers along the Gulf Coast, but the national press never bothered to report the full story on the cleanup.
No matter whose side you’re on, Ontario and Canada are on one side of an open door.
According to a report by London-based global recruiting firm Hydrogen Group, the likelihood is very good that members of Generation Y, those people born in the 1980s and 1990s, are prepared to leave their home countries in order to make the most of the investment into their careers.
Illinois’ singular assets earn “Tech Hub” status and propel new engines of sustainable production.
Features
Highlights from October/November 1997 Hong Kong: Business Still Dances Inside the Dragon’s Jaws, pg. 900 Plumbing China’s Real Estate Puzzle Box, pg. 902 Case Study: Nortel Builds a New HQ — and a ‘New City’, pg. 852 Legislatures On a Roll: Third Straight Tax Cut Adds $2.6 Billion Shine To Already-Bright State Business Climates, pg. […]
Read MoreNorth American Reports: Gotta Strat Somewhere; Full Speed Ahead in Halifax; Travel and Trade; Big Business in the Bluegrass; Eduring Attractions | Site Selection Online
Power utilization and monitoring of environmental factors are key issues for data centers.
Daimler invested €670 million (US$873 million) in 2011 and plans to spend more than €980 million ($1.3 billion) in 2012 on its main Mercedes-Benz powertrain plant in Stuttgart-Untertürkheim, Germany; Weidenhammer Packaging Group (WPG), a major European supplier of composite cans, composite drums and plastic containers; Stamford, Conn.-based audio specialist Harman International Industries; Germany-based Leoni, a leading provider of cables and cable systems to the automotive sector and other industries.
Suppliers to two of Alabama’s key industries announced new operations in the state in December, including the first to supply Airbus’ new A320 production plant in Mobile (see the Aerospace Report in the November 2011 issue).
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by Robert Gaudreau, Regus Frankly, people thought we were crazy when we began considering going to China. It was 1990, only a short time after the Tiananmen Square crackdown. Fears of political backlash and international trade sanctions against China certainly weren’t unwarranted. In addition, there were China’s sky-high real estate prices, labyrinthine bureaucracy and Third […]
Read MoreAfter reviewing 509 applicants from across the United States and its territories.
Recent projects attest that ‘rapid response’ is not just a catch phrase in Idaho.
If you thought you knew the California economic development story already, think again.
Manufacturing sector doubles capital investment, generating tens of thousands of new job openings requiring skilled workers.
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by Douglas G. Karpiloff, CPP When a deadly car bomb exploded beneath the twin towers of New York’s World Trade Center, Douglas Karpiloff was General Manager of Tenant Services. His experiences during the disaster recovery offer valuable lessons for facility managers everywhere. The commercial real estate world changed forever on Feb. 26, 1993, with the […]
Read More“Push the infrastructure,” said Scott Condra, president of Jacoby Development, during a panel discussion at Brownfields 2013 in Atlanta this summer.
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.
A look at what makes fintech firms and ecosystems tick.
IAMC members celebrated an exciting few days in Boise recently during our Fall Forum, and I hope you walked away from the conference as energized as I was. I thank everyone for their support as I took the gavel from Karen Shchuka. She has made the transition easy, and I thank her for all of […]
Carrying signatures and hope from an entire state, the beams at the core of a new cancer center are raised in Omaha.
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Logistics management is giving companies new ways to improve customer service, control costs and make the most of opportunities in emerging markets. As a result, the global expansion equation is being revised as companies employ world-class logistics based on advanced information technologies. Once upon a time, location was the word that companies invoked to ensure […]
Read MoreThe UBI Index, based in Stockholm, Sweden, released its Global Top 25 ranking of University Business Incubators with a US-based incubator at the top of the list.
When it comes to the aerospace industry, it’s all systems go in Mississippi,” said Governor Tate Reeves.
Growth at Birmingham’s Pack Health showcases the region’s biosciences impact during the Rise of the Rest investment tour.
The rankings on these pages are high-level measures of states’ workforce development climates.
Features
Like the products they produce, plastics firms are a multifarious lot. Little wonder, then, that the industry’s site selection patterns are no less diverse. U.S. manufacturers serving the Midwest-dominated automotive market cite different site selection priorities than do producers of foam or fiberglass insulation or PVC pipe for the construction industry. Plastics manufacturers whose customers […]
Read MoreTitletown Tech, joint venture of Packers and Microsoft, is a first for Wisconsin.
When two multinational firms announced recently that they would invest a combined US$3.1 billion to build nitrogen fertilizer production units in Iowa, the news only confirmed what many economists had begun to see throughout the Midwest.
Somaliland has a challenge. Many in the world do not know where it is. Many that do know where it is associate it with marine piracy and lawlessness. Those people who do know where it is probably come from countries that do not recognize it. But with Coca-Cola opening a plant and the potential of a new Free Zone then maybe the good times are returning.
Has your company paid heed to the potential benefits foreign trade zone status can confer? If not, listen up.
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China’s Site Selection Challenges: How One Company Hopped the Wall, pg. 679 When Disaster Strikes . . . How to Manage a Successful Comeback , pg. 684 Global Logistics Boosts Competitive Advantage , pg. 695 Whither Plastics? Plant Location Criteria as Diverse as Products , pg. 784 Links to Information Referenced in August Site Selection […]
Read MoreThe last exclusively domestic ladder manufacturer in the US helped Wooster, Ohio, claim a title it’s been chasing for a long time: Top Micropolitan Area in America.
Abilene, Texas is taking the next step in developing the workforce of tomorrow.
onday, 8 a.m. You find a note taped to your computer screen: “Sell the Pennsylvania facility ASAP.” It’s a vacant manufacturing site that has been idle for years. Perhaps the message is from the CFO, suddenly (or finally) authorizing you to sell. Or maybe you made the note to yourself, thinking it’s by JAMES HAGY […]
Churn Stokes Upturn: At the confluence of fun and money, water recreation can be an economic catalyst for downtown riverfronts.
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Today may well be the king of today?s worldwide Car Wars. But its surge to becoming a true global powerhouse began more cautiously in the 1980s. The globalization was a nervy — and nervous– drive down a road paved with billion-dollar bumps. Despite its potent global clout, Toyota at the time had almost no experience […]
Read MoreJANUARY 1999 COVER STORY Can Kvaerner Re-Launch U.S. Shipbuilding? Riding a wave of lofty expectations, and $430 million in incentives, European power Kvaerner has sailed into Philadelphia with the future of U.S. shipbuilding at stake, many observers insist. pg. 1103 Is a Corporate Campus Right for Your Business? pg. 1118 Congress Warms to D.C. Real […]
A Pulitzer Prize winner documents a rare instance where the federal Opportunity Zone program has worked as intended.
The Palmetto State aggressively courts Chinese corporate investors.
Georgia has now unseated regulars North Carolina and Texas from first place in Site Selection’s key measures of state economic development success. That’s no easy feat.
Jackson Laboratory, an independent, nonprofit biomedical research institution based in Bar Harbor, Maine, is gradually moving toward development of a branch near Naples, Fla
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by Audrey Pennington Many expanding companies are finding themselves stranded in labor pool?s shallow end, unable to hire enough workers with the right stuff. What?s the single thorniest issue facing corporate site locators currently? Hands down, agree consultants and corporate pros, the single biggest obstacle is finding an adequate supply of workers with the right […]
Read MoreWorkforce resources support record-breaking growth in Kentucky.
JANUARY 2008 To Green or Not to Green (cover) Meet a Member Learning What Counts Request Information
W hen Boeing Co. touches down in Chicago and opens its new headquarters on Sept. 4, the world’s largest aerospace firm will teach corporate asset managers everywhere a valuable lesson: Don’t be afraid to leave home. Rather, base every real estate decision according to how your company is structuring itself for the future. […]
A s if their plates weren’t full enough already, economic conditions are mandating that corporate real estate managers figure out how to do more with less. More what? They must now demonstrate more of an ability to contain, if not reduce, costs where property assets are concerned, because shareholders and real estate investors are less […]
Northeast Ohio will now be the home of a national innovation center for advancing 3D printing technology.
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?Any color is fine as long as it?s black.? That was Henry Ford?s take on how consumer demands affected model T manufacturing: They didn?t. A relic of the long-gone days of total market control, Ford?s one-size-fits-all standard is now a prescription for disaster — and so are the real estate strategies that supported it. Consider […]
Read MoreA look at what makes fintech firms and ecosystems tick.
Those funding new Internet ventures–and those in corporate real estate to whom they are targeted–are wise to sit back for a while and let the dust settle. Consider the past 18 months. In mid-1998, perhaps a few dozen Internet operations were in place working on “Web-enabling” various real estate processes, having secured a round or […]
Features
What?s your key to productive, profitable manufacturing, office or distribution facilities? Chances are, it?s skilled workers. Without top-notch, skilled employees out on the factory floor or in front of a computer, the best-run business topples like a house of cards. That?s made evaluating pre-employment worker training a crucial consideration in choosing new facility locations. Quality […]
Read MoreColombia’s nearshoring strategy is one of many routes to helping companies and communities reach their sustainability goals.
How a North Carolina county weathered the recession to emerge as a truck-making leader.
PLEASE VISIT OUR SPONSOR ? CLICK ABOVE JANUARY 1999 Is a Corporate Campus Right for Your Business? by DAVID T. HARESIGN The decision to plan and build a corporate campus consists of dozens of often conflicting considerations, both tangible and intangible. If the corporate real estate executive wears many hats, here’s where he wears them […]
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by Audrey Pennington When BankAmerica decided to drive down construction costs and give its business units a leg up on the competition, BAC?s corporate real estate group radically revamped its approach to designing work environments. The result: a set of award-winning, real estate workplace best practices There?s a new mantra among the corporate real estate […]
Read MoreWith five international airports, seven Class I railroads, the third largest intermodal port in the world and the third largest interstate highway system in America, it’s safe to say Illinois is the country’s undisputed champ in transportation assets.
Consumers Energy and Michigan communities leave coal behind on the road to a net-zero future.
What do baseball, Michigan and a second-tier city in Florida have in common?
Push for training drives innovative programs in higher education, creates opportunity for Americans.
Features
If there?s one thing a company needs, it?s people. People to work, run and operate the business — and people who?ll buy its products and services. That simple fact is one of the big reasons facilities are flocking to the U.S. South. Strong population growth across much of the region translates into an abundant work […]
Read MoreLEED certification is soooo 2012. WELL certification, says one real estate developer, is what’s next, as employers aim to bring as much good energy to your health as they bring to your workplace.
Today’s pathways to financial success lie in innovative, intellect-driven fields. In the South, our heroes are frequently found on the college gridiron. But can entrepreneurs and technological innovators be heroes too? Can our brightest techies make it here at home, or must they travel to California or Massachusetts to seek their fortunes?
From Site Selection magazine, February 1990 New Facilities 1989 | Site Selection Online ©1990 Conway Data, Inc. All rights reserved. SiteNet data is from many sources and is not warranted to be accurate or current.
A flurry of new projects highlights the importance of storage to the smart grid.
Malaysia’s Oil & Gas Machinery and Equipment sector gained new momentum in August with the opening of the expansion of Halliburton’s Malaysia Manufacturing and Technology Centre in Senai, in the southern state of Johor Bahru.
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Toyota?s Turbocharged U.S. Drive: Life in the Car Wars? Fast Lane, pgs. 492-499 Help Wanted: Work Force With the Right Stuff, pgs. 500-503 Manufacturing?s New Deal Demands ?Lean Portfolios?, pgs. 504-507 Need Skilled Workers? Tap the Global Training Gold Mine, pgs. 508-510 Best Practices Award: Bank of America, Real Estate Workplace, pgs. 511-512 The U.S. […]
Read MoreStuckey’s buys a pecan candy maker and joins a cadre of bullish investors.
WORLD REPORTS From Site Selection magazine, September 2007 Swedish Auto Supplier Opens Plant in Romania German Axle Maker Rolls Into Australia Germany Powering Up As World’s Solar Leader Phoenix-based First Solar has opened a solar module plant in Frankfurt an der Oder in the former East Germany. The plant is located in a […]
AWS win showed MDA Director that Mississippi can fast-track big projects.
EDITOR’S VIEW From Site Selection magazine, September 2007 EDOs: Are You Ready for Your Close-up? O ne reason this issue of Site Selection is so large is because it contains one editorial survey and four editorial profiles. Profiles are shorter versions of a survey, but they do much the same thing, which is to […]
The art of storytelling is providing some global fame for Louisiana’s blossoming digital media sector.
Features
The deal. For expansion-minded firms, it?s the alpha and omega of economic enterprise, the rocket fuel of business growth. Good deals deliver: capacity, jobs, profits and prosperity. Every day, development projects evolve into good deals for both the company and the community, and thousands are sealed every year. Some of the best, though, are object […]
Read MoreMARCH 1999 SITE SELECTION GOVERNOR’S CUP • COVER PAGE • MOTOWN RULES • 1998 PROPORTIONAL PERSPECTIVES • METHODOLOGY • NEW CORPORATE FACILITIES AND EXPANSIONS • THE LONG VIEW: MICHIGAN • 1999 FORECAST • 1998 TOP 20 U.S. FACILITIES by J A C K   L Y N E 1998’s SS Scoreboard demonstrates why […]
ver since a 1987 U.S. Supreme Court decision restricted state regulation of gambling on reservations, Native Americans and economic development have usually convened at the gaming table. But new projects and policies have given North American by ADAM BRUNS LAND OF MANY VALUES: Phil Swain, chairman of the Moapa Business Council, looks over tribal land […]
Companies large and small are betting big on an expected economic resurgence in a Florida region known more for its muck than its money.
November2005 Different Threads, Same Fabric (cover) We’re All In This Together; Meet a Member Productivity Essentials: Trust, Talk and Savvy Outsourcing IAMC Corporate Members Mull Asset Disposition Options Request Information Different Threads, Same Fabric IAMC Members and Prospective Members, In the 21st century, when there is such a free flow of information, […]
From Site Selection magazine, November 2005 WORLD REPORTS New Investment Transforms Nicaragua N icaragua, Central America’s largest country, is hoping a new revolution of investment and jobs will sweep away the lingering memories of the 1980s when civil war and the Iran-Contra hearings dominated the news. Today, Nicaragua is pushing itself as […]
Features
Bobby Fischer, Garry Kasparov and other international chess champions usually don?t ask for advice on their next move. Veritable lone wolves, they stand or fall on their own wits, skill and strategy. Companies, though, needn?t operate that way in crafting real estate strategies involving multimillion-dollar facilities. In fact, more and more firms are relying on […]
Read MoreHow can a borderzone best employ its bi-national economic character for the good of both territories? Experiments now under way seek the answers.
In February, MAIP opened its 25,000-sq.-ft. Center of Excellence dedicated to technology, training and career opportunities.
Medical tourism is now a booming trade in this region, with Jamaica leading the way.
The relatively few, isolated incidents of oil coming ashore were dealt with quickly and efficiently, say economic developers along the Gulf Coast, but the national press never bothered to report the full story on the cleanup.
