Economic Development - Business Facilities Magazine - Area Economic Development, Site Selection & Workforce Solutions

An $80-billion program proposed by President Biden is aiming to spur sustainable growth by supporting the establishment of innovation centers in regions hampered by underinvestment.


https://businessfacilities.com/2021/10/innovation-hubs-where-innovation-lives/
An $80-billion program proposed by President Biden is aiming to spur sustainable growth by supporting the establishment of innovation centers in regions hampered by underinvestment.

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Economic Development

Economic development creates opportunities to grow state, local and metro areas, which are essential for economic growth, improved quality of life and community development.

Innovation Hubs: Where Innovation Lives

An $80-billion program proposed by President Biden is aiming to spur sustainable growth by supporting the establishment of innovation centers in regions hampered by underinvestment.

Cisco To Open Talent And Collaboration Center In Atlanta

Cisco's new $41 million Talent and Collaboration Center in Midtown Atlanta will lead to the creation of 700 jobs.

Steam Logistics To Create 400 Jobs With Tennessee Expansion

Third-party logistics company Steam Logistics will invest nearly $7 million to expand its operations in Chattanooga, TN. 

D6 Relocates Headquarters To Texas

Packaging manufacturer D6 Inc. will relocate from Portland, OR, creating 231 new jobs in its new home state of Texas.

Medline Invests $77.5M In New Kansas Distribution Center

Medline has outgrown its current facility; will create 100 jobs at new distribution center in Bonner Springs, KS.

Walmart Investing $450M In South Carolina Distribution Center

The new, high-tech grocery distribution center will create more than 400 new jobs in Spartanburg County, SC.

Illinois Investing $15.4M To Boost Wet Lab Development

The Rebuild Illinois funding will support eight new wet lab centers valued at more than $90 million.

Doral Renewables Picks Indiana Site For Largest U.S. Solar Farm

The Israel-based company’s $1.5 billion three-phase solar farm project, Mammoth Solar, is expected to bring 1.3 gigawatts of clean energy to Northern Indiana.

North Carolina Governor’s Report: Aiming To Stay On Top

North Carolina isn’t resting on its laurels as Business Facilities' 2020 State of the Year. With a thriving tech talent pool and a commitment to an equity-driven recovery, Gov. Roy Cooper aims to defend the crown.

Bonumose To Invest More Than $27M To Expand In Virginia

Thanks to a new R&D partnership with Hershey, the rare sugar producer will expand in Albemarle County, VA, creating 64 new jobs. 

Startup Ecosystems Are Everywhere

A tidal wave of venture capital is fueling a boom in startups around the world. Locations are racing to establish thriving startup ecosystems that make them magnets for unicorns.

Upgrades To Be Made At Kentucky’s Southwest One Industrial Park

The Product Development Initiative project will include construction of 120,000-square-foot building pad-ready site at the Marshall County property.

September / October 2021 Issue (Volume 54, Number 5)

The September / October 2021 issue looks at startup ecosystems, innovation centers and Opportunity Zones. Plus, an exclusive interview with North Carolina Gov. Roy Cooper.

Moderna Will Invest $500M To Build mRNA Capabilities In Africa

Moderna will build a state-of-the-art mRNA facility in Africa with the goal of producing up to 500 million doses of vaccines each year at the 50 µg dose level.

Northrop Grumman Opens Alabama Facility For Next-Gen Missile Work

Northrop Grumman is adding 500 more workers in Huntsville, AL as it expands its work on a next-generation ICBM project.

2021 Deal Of The Year Entries Now Being Accepted

Submissions will be accepted for Business Facilities’ 2021 Economic Development Deal of the Year Awards until December 1, 2021. Awards will be featured in the January/February 2022 issue of Business Facilities.

Stellantis To Invest $229M To Retool EV Production Operations

Formerly Fiat Chrysler Automobiles, Stellantis will retain, retrain 662 team members to support production of electrified transmissions in Kokomo, IN.

North Dakota: Connecting To The World On Intermodal Rail

North Dakota’s new intermodal rail service is reducing shipping costs for agricultural exports and other goods shipped from the logistics park of ND.

Kansas: Where Innovation And Fun Converge

You can find Hutchinson’s history 650 feet under the ground in its famous salt mines. On the surface it’s a thriving business hub.

Jacksonville Fosters Growth, Innovation For Medical Device Manufacturers

A deep workforce, a vibrant and innovative medical ecosystem and a multitude of tax and lifestyle benefits make Jacksonville the ideal home for medical device manufacturers.

Port Of Savannah To Add 1.6M TEUs Of Capacity

By 2023, Savannah will add 230 acres of container space, increasing capacity at one of the nation's busiest ports.

Joint Venture To Bring Medical Glove Production, 2,500 Jobs To Virginia

Blue Star Manufacturing and American Glove Innovations will invest over $700 million to expand PPE production in Wythe County, VA.

Business Facilities & COVID-19

Moderna Will Invest $500M To Build mRNA Capabilities In Africa

Moderna will build a state-of-the-art mRNA facility in Africa with the goal of producing up to 500 million doses of vaccines each year at the 50 µg dose level.

Snapshots: 60 Seconds with Jeff Finkle, IEDC

Finkle, CEcD, President and CEO, IEDC, discusses the impact of COVID-19 and remote work on real estate and economic development, and more.

Connecticut Governor’s Report: Leading From The Front

Connecticut succeeded in mitigating the impact of the coronavirus pandemic by aggressively testing people in the early stage of the outbreak, avoiding the massive casualty levels in neighboring states.

Featured Location Spotlight

Location Spotlight: Business in Michigan

Businesses are choosing Michigan for our diverse and abundant workforce, business-friendly environment, low cost of living and global supply chain assets

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[VIDEO] Mexia is a great place to live (and do business in!), no matter how you pronounce...

Located in the Heart of the Texas Triangle, Mexia’s centrally located community at the intersection of HWY 84 & 14 provides great access to I-35 & I-45. Our lower cost of living, rich history, shovel-ready industrial park sites, regionally based workforce, and abundance of retail are just a few reasons why Mexia should be on your radar!