Industry Focus | Business Facilities - Area Economic Development, Site Selection & Workforce Solutions

The tourism industry supports nearly nine million jobs in the U.S., but a dip in overseas visitors in 2017 has led to the creation of the Visit U.S. Coalition to put out the welcome mat.


https://businessfacilities.com/2018/07/tourism-industry-focus-travel-push-for-tourists/
The tourism industry supports nearly nine million jobs in the U.S., but a dip in overseas visitors in 2017 has led to the creation of the Visit U.S. Coalition to put out the welcome mat.

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Industry Focus

Latest: Travel Push for Tourists - The tourism industry supports nearly nine million jobs in the U.S., but a dip in overseas visitors in 2017 has led to the creation of the Visit U.S. Coalition to put out the welcome mat.

Travel Push for Tourists

The tourism industry supports nearly nine million jobs in the U.S., but a dip in overseas visitors in 2017 has led to the creation of the Visit U.S. Coalition to put out the welcome mat.

Digital Transformation: A Safer Supply Chain

As the logistics industry moves the global supply chain onto digital platforms, experts are warning that vulnerabilities to cyberattacks must be addressed.

Retail: Alive and Kicking

Reports of the death of the retail sector—a fate that was widely assumed to be the outcome of an exponential increase in online purchases of consumer goods—were more than a bit premature.

Data Centers: Aiming For The Leading Edge

The need to be near end-users will drive an uptick in the expansion of smaller satellite markets for data centers, known in the trade as “edge" markets. Foreign investment in the data center sector also will surge.

Advanced Manufacturing: The Cobots Are Coming

Collaborative robots (a.k.a. cobots), designed to work alongside human workers, are the next big thing in advanced manufacturing. More than 150,000 cobots will be in use by 2020, a number expected to exceed 700,000 by 2025.

Defense: The Best Offense

Nations around the world are increasing their defense budgets; the sophisticated weaponry of the U.S. aerospace industry guarantees it will get a big slice of the pie.

Locations For The Automotive Industry: Light Truck Takeover

While auto sales are expected to decrease in 2018, manufacturers can still bank on the larger market share of SUVs and CUVs to help keep the industry afloat.

Food Processing: A Nudge in the Right Direction

Transparency has topped the Foodprocessing.com list of suggestions that leading food processors need to embrace to remain competitive in a more sophisticated market.

Logistics: No Drivers Needed

While it may take quite a few years before autonomous vehicles hit the road, much progress has been made in this technology that companies hope will have long-term logistical benefits.

Advanced Manufacturing: Manufacturing Gets Smarter, Faster

Smart sensors and digital process controls are poised to exponentially improve the efficiency of U.S. advanced manufacturing.

Innovation Valley: A Mecca for Energy

The Knoxville, TN region’s energy test bed research hub is home to the Oak Ridge National Lab.

Locations For The Food Processing Industry: The Food Puzzle

It takes a variety of participants and processes to make the food industry a whole industry. And so far the pieces together seem to indicate a year of success.

Serving The Cloud: Data Center Supply Races To Meet Demand

Completion of new data center projects started in 2016 will create enough new server capacity to meet the voracious appetite of expanding cloud providers, easing a shortage of available storage space.

Shovel-Ready Sites: Ready To Hit The Ground Running

As the demand for shovel-ready industrial sites keeps growing, more and more locations are initiating certified sites programs that streamline the approval process for new developments.

Tourism: Endless Options

No matter what type of destination you are or what type of tourist your area brings, the end result is more of everything.

Ports & FTZs: Perfect Together

The nation’s ports are handling record amounts of shipping. Importers get more bang for the buck by moving their goods through duty-free foreign trade zones located within or adjacent to ports.

Making Waves: Building A Water Management Mecca

Coastal rebuilding projects are driving the growth of the water sector in Louisiana. The Pelican State aims to become the Silicon Valley of the global water industry.

Building A Biotech Rebound

A slow start and a dearth of mergers and acquisitions made 2016 a tough year for biotech, but new gene and immuno-therapies are leading the way for a much stronger performance when 2017 results are in.

Ready For Retail In Cape Coral

The City of Canals offers industry the best of both worlds—an ideal business environment with vital resources and a competitive cost of living.

Aerospace Growth Gets Turbocharged

The 2017 outlook finds global aerospace and defense industry revenues expected to surge to two percent growth, driven by higher defense spending.

Accelerating Manufacturing Growth

Industry analysts expect overall growth in manufacturing to speed up in the second half of this year and grow even more in 2018.

Data Centers: Big Data Is Getting Even Bigger

Major mergers and acquisitions, new economic and regulatory policies, and strategic cloud adoption are impacting site selection decisions in the data center sector.

Food Processing: Expansion Outpacing Consolidations

Compliance with the Food Safety Modernization Act, controlling costs and workforce training are among top industry priorities.

Auto-Tech Is Revving Up

Automakers are joining forces with tech giants in a full-throttle race to install amazing high-tech advances in vehicles that are ready to roll off the line and hit the road today.

Logistics USA: Moving A $1.4 Trillion Haul From Here To There

Systemic improvements in cost efficiency are delivering better pricing to the logistics sector, but gaps in infrastructure are still a problem.

U.S. Natural Gas: Ready to Rule the World

Liquefied natural gas exports represent a huge opportunity for U.S. energy producers to dominate an emerging global market, as U.S. production outpaces domestic demand.

Food Processing: All Dishes Should Not Be Served Cold

In the food processing competition, the accommodating early bird gets the worm. This means adjusting processing, ingredients and labeling to meet shifting consumer tastes and priorities.

Greater Memphis: The Gold Standard for Water

Greater Memphis has an abundant supply of pure, sweet water: The Memphis Sands Aquifer holds nearly 100 trillion gallons of this precious commodity, which is becoming an economic development priority.

Business Parks: Cost-Effective Communities

Business, research and industrial parks are development magnets for clusters of like-minded businesses looking for the perfect environment to expand

Tourism: A World of Scenic Wonder

As the National Park Service (NPS) celebrates its centennial year, the crown jewels of America’s scenic treasures are gearing up to break last year’s record number of visitors, which topped 305 million.

Industry Focus – Retail: Less Than Six Degrees of Separation

The retail industry has an impact on more than just the clothes in our closets and our daily coffee fix.

Industry Focus: Aerospace Sector Is Flying High Again

After losing altitude for the past five years as defense cuts eliminated 185,000 jobs, the U.S. aerospace industry is growing in 2016.

Advanced Manufacturing Industry: Dynamic Advancements

Advanced manufacturing has come a long way, revolutionizing the processes used to build new products and introducing a bevy of innovative technologies, with a heavy emphasis on automation.

Automotive Industry Focus: Hitting On All Cylinders

The U.S. auto industry recorded its best year ever in 2015, selling 17.5 million cars and light trucks in the U.S., nearly $570 billion in revenue and a 5.7 percent increase over last year.

Food Processing: Generating Growth for Good Eats

The recent consolidation of food industry giants via mega-mergers is not slowing the exponential growth of major food processing hubs.

Panama Canal: Bigger, Better and Ready to Rumble

Two years later than the original plan, the $5.25-billion expansion of the Panama Canal is set to be completed in April, dramatically altering the global shipping paradigm.

Next-Generation Medical Devices: Ready to Save Lives Today

Rapid advances in technology for new medical devices are outpacing evolving regulatory frameworks, creating a challenge for this sector.

Digital Media Is On The Move

From the mountains of Utah to the desert in New Mexico, Digital Media pioneers are making magic from pixels in university and government labs that are launching a new growth sector in virtual space.

Industry Focus: Water Resources – Greater Memphis, 100 Trillion Gallons

Greater Memphis has an abundant supply of pure, sweet water: the Memphis Sands Aquifer holds nearly 100 trillion gallons of this precious commodity, which is becoming an economic development priority.

Industry Focus: Advanced Manufacturing – Manufacturing High-Tech Growth

In terms of its contribution to GDP, the advanced manufacturing sector punches well above its weight, producing $2.7 trillion in value-added economic activity.

Business Facilities & COVID-19

Life Sciences Hubs: Good Genes, GREAT Growth

Billions in private equity and public funding are flowing into the life sciences sector, which is front and center in the battle against the pandemic.

Arkansas: Headquarters Of Home-Grown Giants

Every Fortune 500 company headquartered in Arkansas began as a small, family-owned business.

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