The Editor's Blog | Business Facilities - Area Economic Development, Site Selection & Workforce Solutions

Development of oil and gas fields, the use of the Northern Sea Route as the shortest cargo transit route between Europe and Asia and the development of industrial, transport and tourist infrastructure.


https://businessfacilities.com/2016/01/icy-hot/
Development of oil and gas fields, the use of the Northern Sea Route as the shortest cargo transit route between Europe and Asia and the development of industrial, transport and tourist infrastructure.

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The Editor’s Blog

Latest: Icy Hot: The Race To Develop The Arctic Is Heating Up - Development of oil and gas fields, the use of the Northern Sea Route as the shortest cargo transit route between Europe and Asia and the development of industrial, transport and tourist infrastructure.

Icy Hot: The Race To Develop The Arctic Is Heating Up

Development of oil and gas fields, the use of the Northern Sea Route as the shortest cargo transit route between Europe and Asia and the development of industrial, transport and tourist infrastructure.

Megabucks Park: 300-acre, $2.6B Entertainment District in L.A.

The world's most expensive stadium will anchor a new 300-acre, $2.6-billion entertainment district in L.A.

Seed Money: NJ Supports Tech Start-ups With VC Funding

The New Jersey Economic Development Authority (NJEDA) has found a novel way of expanding this toolset: NJEDA has made a series of "limited partnership" investments in an NJ-based private venture-capital fund that targets growth-stage tech businesses. The NJEDA is investing more than $40 million in venture capital funds, leveraging investment in NJ businesses to more than $2.5 billion.

Home Stretch: The Panama Canal Expansion

When the project was announced nearly 10 years ago, the new-and-improved 77-kilometer waterway through the narrow Isthmus that connects North and South America was expected to reopen for business in time for the 100th anniversary of the Canal in 2014. But the daunting engineering challenge of building a third set of new locks—and a toxic combination of legal and labor issues—rendered that deadline unrealistic almost from the get-go.

Crystal Ball 2016

Step aside, Monmouth and Quinnipiac: BF's got the odds-on favorites for next year's headlines.

Polymorph of Plastics: Merging Corporate Molecules

Dow and DuPont have apparently agreed that they would be in a stronger position as a merged company with powerful synergies to successfully navigate an eventual breakup into more specialized units. The tentative deal also may signify the next step in the evolution of the global plastics industry, a shift in focus to specialty and advanced engineered plastics from oil-based petrochemical mainstays like polyethylene. Both companies have realized the need to get bigger before they can get smaller.

Walking the Walk

Proposition 6 created an initial SWIFT fund of $2 billion, which the TWBD expects to leverage into a total of $27 billion in financing over the next 50 years to implement the state water plan, with about half of that coming from state financial assistance. State officials said TWDB was able to approve a large number of projects in the first round because a majority of entities applying for funds requested long-term financing, which enabled the board to stretch the available funds. TWBD allocates funding for water projects based on a ranking system it developed that takes into account the length of time it will take to implement a project and the overall long-term improvement the project represents. For example, a seawater desalination plant proposed by the Guadalupe-Blanco River Authority received seed funds from TWDB even though it will take much longer to build than other, higher-priority projects. TWDB must by law spend up to 20 percent of Prop 6 funds in the next five years on water conservation or re-use projects.

Short in the Saddle

Driverless cars are being welcomed where you might not expect them.

National Dishonor

The VA appears to have mismanaged the health records of nearly a million veterans; about 900,000 veterans are still waiting to get on the VA's backlog for health services; and—brace yourself—as many as 300,000 veterans may have died awaiting access to health services they were promised but never received.

Warm Welcome Up North

Organizations in Pittsburgh, Detroit, northern Michigan, St. Louis, Alaska, Wisconsin and Nevada, have embraced business idea competitions; rewarding dozens of new ventures with grants ranging from $5,000 to $50,000. The 43North competition, said to be the largest such prize pool in the nation, offers $5 million in prize money to entrepreneurs who agree to move to (or retain their start-ups in) the city.

The Tree Pods are Coming

Geoengineering will be a growth sector in the age of climate change. The latest global warming "miracle cure" for the big CO2 problem is a new technology said to be able to extract carbon from the air and condense it into fibers that could be used as building materials or to produce components for electronics, cars, clothing and other manufactured goods.

Tale of Two Mayors

In Auburn, NY, the hot political issue is economic development. Both candidates emphasized job creation with a youthful population base. Lattimore pushed for large-scale manufacturing plants and renewable energy projects to the Auburn area.

Cyber Pearl Harbor

The number of incidents involving hacking into key infrastructure has tripled in the past two years. Most of these cyber-intrusions appear to be exploratory in nature, but a few have crossed the line and caused physical damage.

21st Century Ghost Town

A bricks-and-mortar SimCity is set to rise near Las Cruces, NM.

First to the Finish Line

Block Island, RI is poised to win the race to set up the first offshore wind farm in U.S. waters.

WV Takes Down VW

Researchers at West Virginia University blew the whistle on Volkswagen’s dirty diesel two years ago.

End Run to Paydirt

Sports gambling still is illegal outside of Vegas, or is that just a fantasy?

Solar King Abdicates

The most logical place in the world for solar power can’t get its act together.

Rail Transplant

China’s largest rail manufacturer will build subway cars for Boston at a new plant in Springfield, MA.

Border Without Walls

Economic development cooperation on the U.S.-Mexico border is getting stronger.

New Route to Growth

Providence, RI finds fertile ground for development under an old highway.

Marching into China

The former Humvee plant in Indiana now makes Mercedes SUVs for export to China.

No Credit Here

The Export-Import Bank of the United States becomes a political football.

Never Mind

Boston decides the 2024 Olympics aren't worth a hill of beans.

Taking a Pass

Colorado says the price is too high for 1,418 new health care jobs.

Ready to Roll

Cuba gets ready for a surge in economic development as relations with the U.S. are restored.

Reclamation Project

An obscure bureau of the U.S. Interior Dept. is drawing up plans to rebuild the water infrastructure of the western U.S.

Demos and Kratos

The European Union is leaving Greece, not the other way around.

Ill Wind

Cape Wind, planned as the nation's first offshore wind farm, appears to be dead in the water.

Virtual Employees

Uber gets a reality check from the California Labor Commission.

Manufacturing Skills

Congress considers a $100-million workforce training competition.

Thirsty Crops

A looming water resources crisis spells trouble for foods that are gluttons for gallons.

Job-Creating Visas

A biotech startup in Vermont is being funded by immigrant investors.

On the Wrong Track

Our failure to invest in infrastructure puts the United States in a precarious position.

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