Business Clusters/Corridors | Business Facilities - Area Economic Development, Site Selection & Workforce Solutions

Free trade agreements help the United States hold its lead as a top destination for foreign direct investment.


https://businessfacilities.com/2016/05/two-way-street/
Free trade agreements help the United States hold its lead as a top destination for foreign direct investment.

Two-Way Street

Free trade agreements help the United States hold its lead as a top destination for foreign direct investment.

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.

Chicago Celebrates Technology Startup Hub Expansion, 700 New Tech Jobs

Chicago is celebrating more than 700 new jobs created by 16 tech companies, and the newly-completed expansion of the city’s digital startup hub, 1871.

Data Cowboys

The Dallas-Ft. Worth metro area has become a leading U.S. hub for data centers.

Duo Security, Inc. Adding 300 Jobs In Michigan

Duo Security will invest nearly $2.5 million to expand its existing operations and create up to 300 jobs in Ann Arbor, MI.

Mohawk To Invest $100M In Georgia

The flooring manufacturer is expanding its luxury vinyl tile production operations, creating 200 jobs in Dalton-Whitfield County.

March / April 2016 Issue (Volume 49, Number 2)

The Global Biotech Industry is the focus of Business Facilities' March/April 2016 issue, along with our annual Economic Development Awards. Plus, a look at the Aerospace Industry.

Cover Story: Global Biotech Report

The global life sciences industry has adopted an attitude of cautious optimism, expecting reliable growth that will fall short of pre-recession investment surges.

Feature Story: 2016 Economic Development Awards

With so many locations embracing cutting-edge technologies and innovative development strategies, it was hard to pare down the worthy nominees for our economic development awards festival. Here are the folks who made the cut, the best of the best in the applications of smart practices for sustainable growth.

Heroic Efforts In California

Under California’s Renovate America program, the state partners with locations to finance new energy-efficiency projects, creating new jobs in the golden state.

Advanced Manufacturing Driving Pittsburgh’s Economic Growth

Capital investment in southwestern Pennsylvania totaled $2.9 billion in 2015, marking the ninth consecutive year capital investment in the region exceeded $1 billion, according to the Pittsburgh Regional Alliance’s (PRA) ninth annual Business Investment Scorecard.

Photonics Companies Investing $1.6B In Rochester, Creating More Than 1,400 Jobs

Photonics company Avogy will move its headquarters from Silicon Valley to Rochester; Together with Photonica, will locate advanced development and early manufacturing at Eastman Business Park.

SnapShots: 60 Seconds With Don Pierson, Secretary, Louisiana Economic Development

Louisiana is strengthening initiatives to help existing employers grow through its LED Business Expansion & Retention Group, while stepping up efforts to site emerging business opportunities from key investors in the Americas and across the globe.

Silicon Prairie

Droves of high-tech startups are putting down roots in the Great Plains.

Walking the Walk: Innovation Summit

In Greater San Marcos, TX, higher education resources and entrepreneurs join forces to bring innovations to market at the third annual Innovation Summit.

West Michigan Lands Largest Third-Party Data Center In Eastern U.S.

Las Vegas-based Switch will establish a new $5 billion SUPERNAP data center in Gaines Township in greater Grand Rapids, MI.

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.

State Focus – New Jersey: Garden of Opportunity

The Garden State offers a “brain trust” with a highly skilled and educated workforce that makes it easy to recruit top talent.

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.

inXile Entertainment To Create Video Game Studio In New Orleans

inXile Entertainment will establish a video game development studio in New Orleans, LA, creating 50 new direct jobs over the next five years.

U.S. Innovation Hubs: Inventing the Future

Seven of nine planned federally funded national manufacturing innovation institutes are getting a head start on tomorrow’s high-growth technologies.

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.

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.

Rochester, NY Lands Integrated Photonics Manufacturing Innovation Hub

The Research Foundation for the State University of New York (RF SUNY) will lead a new Integrated Photonics Institute for Manufacturing Innovation (IP-IMI) to secure U.S. leadership in manufacturing integrated photonics.

Auto Supplier Kamtek To Create 350 Jobs, Invest $530M in Alabama Expansion

Auto supplier Kamtek will invest $530 million and create 350 jobs in an expansion of its Birmingham, AL operation that includes opening a new aluminum casting facility to meet automaker demands for lighter parts.

No Credit Here

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

State Focus: Massachusetts – Nothing Common About Its Wealth

Massachusetts is taking in and out of the box approaches to help increase jobs and decrease unemployment.

Business Report: Investment Tide Keeps Rolling In Alabama

There were 392 new projects in Alabama in 2014, bringing in nearly $3.4 billion in Investment, with automotive and aerospace leading the way.

National Food Processor Expanding Again In West Michigan

Illinois-based Hearthside Food Solutions will invest nearly $10.7 million to expand its Kentwood, Michigan facility and add at least 91 new jobs.

Gestamp Chattanooga To Expand, Build New Facility in Hamilton County, TN

Gestamp Chattanooga will expand its Hamilton County, TN presence by growing its existing cold-stamping operation and adding Class A stamping, hot-stamping and chassis component stamping. The expansion represents an investment of $180 million and the creation of more than 500 new jobs.

NIFCO KTW Relocating Manufacturing Plant To Toccoa, GA

NIFCO KTW, a German automotive supplier of high-quality injection molded components, will locate its U.S. operations in Toccoa.

Cover Story: Global Biotech Report 2015

There hasn’t been a lot of good economic news coming from Europe these days, but the continent is getting a much-needed boost from its growing biotech/pharma labs.

National Auto Supplier Selects Kansas City Area For Manufacturing Operation

US Farathane will supply GM facility in Fairfax, KS; will invest $51M and create 267 new jobs.

Featured Location Spotlight

Location Spotlight: Wheeling, Illinois

Located in the heart of Chicago’s prestigious northern suburbs, Wheeling is a diverse and dynamic community of 40,000 people, distinguished by its unique balance of industry, commercial development, and residential neighborhoods.

Featured Location Videos

“We Build It Better.” | Virginia’s Industrial Advancement Alliance

In a thriving region with industry-leading credentialing programs, a world-class engineering institute, Class A rail line, superior interstate access, and prospering internationally recognized companies like ABB, General Dynamics, and Mohawk Industries, we simply build it better!