The dovetailing of 10,000 new jobs and nearly $14 billion in corporate investment leads to a blowout victory for Michigan, our 2008 State of the Year.
The inside story of the $613 million merger of Jones Lang LaSalle and Staubach.
When it comes to choosing a new location for your next distribution center, creating a strategic distribution network plan is a first priority to address today’s logistics challenges.
The city of Greenville, SC is cut from a different cloth.
FedEx Ground to Build Package Sorting Hub in Guilford County FedEx Ground will build a new southeast sort facility in Guilford County, NC. FedEx has purchased a 125-acre site along I-40 in the Triad Business Park and will construct a 400,000 square-foot facility capable of sorting 45,000 packages per hour at full build out. The FedEx Ground facility will open in 2011 with about 500 full- and part-time employees, of which about 150 will be new positions. Additionally, independent contractors at opening are projected to be about 250, with 150 of them being newly created for the hub operation. The existing employees and independent contractors will come from the two existing Piedmont Triad facilities moving into the hub. Approximately four years after opening, the company projects that about 260 full- and part-time employees as well as about 200 independent contractor opportunities will be added. The company will invest about $100 million in land, building construction, and new machinery and equipment. The announcement last month of the Guilford project came as FedEx Express was preparing to open a new $300-million mid-Atlantic express hub at Piedmont Triad International Airport in Greensboro in the summer of 2009. When both facilities are fully operational, FedEx will directly employ close to 2,000 locally. Kirk Perkins, chairman of the Guilford County Board of Commissioners, commented on the significance of the FedEx Ground decision. “It’s an exciting time for Guilford County and especially notable with the state of the US economy to have that kind of investment and future job growth potential being generated here by FedEx Ground,” he said. “The economic impact of a new FedEx Ground sort hub is tremendous,” noted Chuck Cornelio, chairman of the Greensboro Economic Development Alliance (GEDA). “FedEx is making another very substantial investment in Guilford County because they see the opportunity our workforce and community represents. We assembled a great team to work with Ground to fully understand their project needs and then brought the necessary resources together to accomplish the task. Our goal is always to make a complicated site decision as seamless as possible.” GEDA, the Samet Corporation and the Town of Kernersville, worked with FedEx Ground for the last 18 months, assisting them with site decisions while leveraging the resources of local and state governments. Participants in the project included the Town of Kernersville, Guilford County Commissioners, North Carolina Departments of Transportation and Commerce, the North Carolina Community College System, Guilford Technical Community College, Winston-Salem Business Inc. and Duke Energy. Triad Business Park is being developed by […]
The Land of Lincoln is now the fifth-largest exporting state in the U.S., shipping more than $48.73 billion worth of goods.
From metropolitan hubs to pastoral landscapes, Mississippi offers a broad range of business locations without losing its charming Southern spirit.
It is important to think strategically when planning to visit potential sites for a new plant.
Felipe “Phil” Alvarez is president of RCN Metro Optical Networks, where he is responsible for all aspects of the business unit. Alvarez has more than 20 years in the telecommunications field with companies such as NYNEX and Bell Atlantic. Prior to RCN, Alvarez was Chief Operating Officer of Con Edison Communications. BF: What information infrastructure components are necessary for a large company to succeed in a new location? PA: Companies need access to high-bandwidth, fiber-based communications networks in order to compete. The reliance on computing over a wide area makes it critical to have a reliable, resilient network. According to one study, the average financial institution experiences 1180 hours of downtime per year, costing them 16 percent of their annual revenue, or $222 million (according to SETLabs Briefings). Finally, when looking at infrastructure, companies should consider choice and customer support. Having multiple providers from which to choose allows the customer to select the carrier that is best suited to support their needs. BF: Which U.S. industries require a first-rate information infrastructure to operate at their optimal peak, and why? PA: Any industry that relies on wide area networks to compete should demand a first-rate information infrastructure. We’ve observed that those industries that are most in need of high capacity transport are financial services, healthcare, education and governmental agencies, although all businesses need access to widespread information, especially given the emergence of “cloud computing.” Latency is becoming a greater concern for these companies where, for example, a millisecond can mean the difference between making or losing millions of dollars on a trade, or a delay in accessing critical services in a “cloud computing” environment. BF: How can an advanced information infrastructure help businesses work more efficiently with government agencies and/or educational institutions? PA: High capacity fiber-based networks provide the bandwidth required to support information sharing among communities of interest, such as between educational institutions or between suppliers and governmental agencies. Solving the bandwidth bottleneck unlocks the potential to add media-rich applications that allow companies and people to get access to the information they need in order to be productive. Also, having this capacity available allows them to store data at off-site locations, thus ensuring that the information is protected from loss. Facebook’s Facelift In November, Facebook founder and CEO Mark Zuckerberg introduced Facebook Ads, an ad system allowing businesses to connect with users and target advertising to the exact audiences they want. “Facebook Ads represent a completely new way of advertising online,” Zuckerberg told an audience of more than 250 marketing […]
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