Automotive EV Revolution Creates Massive Need for New Auto Production Facilities
Automakers are vying to rule the industry’s EV era — and they need factories to do it!
Read MoreAutomakers are vying to rule the industry’s EV era — and they need factories to do it!
Read MoreArea Development’s annual Shovel Awards highlight the nation’s swift post-pandemic economic recovery in 2021 with many projects being initiated that represent billions of dollars in investment and thousands of new jobs.
The Blue Oval City development is said to be Tennessee’s biggest investment ever.
According to Kentucky Gov. Andy Beshear, this is the single largest investment in the history of the state.
Area Development’s editor recently asked Robin van Puyenbroeck, executive director of business development for the WTCA, about trends in global trade and investment, top challenges, supply chain woes, and how to prepare for the next global crisis.
ContinueReducing the nation’s dependence on foreign imports of rare earth materials is critical to the production of energy-efficient as well as other high-tech products.
ContinueAccording to the experts, respecting and listening to employees’ concerns is key to keeping unionizing efforts at bay.
ContinueGlobal trade imbalances have been created by systems designed pre-pandemic to handle JIT manufacturing that were not adaptable to sourcing and moving goods.
ContinueThe exponential growth of e-commerce has, in turn, accelerated the need for both warehouse and data center space.
ContinueCompanies that embrace a talent-first approach using deep-mined data and analytics are more likely to attract the best and brightest, which can, in turn, help unlock the full value of their real estate portfolios.
ContinueLouisiana has stepped up the development of environmentally friendly technologies, water management, and coastal protection, while also tapping its strong resources in healthcare, life sciences, aeronautics, and traditional economic sectors.
ContinueIn the life sciences industry, business is booming; here’s how office buildings can satisfy the sector’s unflagging demand for space.
ContinueA lack of space and developable land as well as power constraints will continue to drive data center site selection, with sustainability considerations and emerging technologies becoming increasingly important factors.
ContinueResiliency in manufacturing, warehousing, and distribution requires a robust, data-driven approach to understanding the financial and operational influences across the new and ever-evolving industrial ecosystem.
ContinueUtilizing big data and project controls such as BIM or Digital Twins (DT) will help to mitigate any challenges and bring a project to completion on time and within budget.
ContinueThe e-commerce revolution and its related supply chain challenges have created a surge in spec development of industrial and logistics space.
ContinueA culture of teamwork and collaboration paves the way for the execution of integrated project delivery, which helps to cut costs and time while offering other advantages.
ContinueKentucky has positioned itself at the forefront of the EV and battery industry.
ContinuePlanning ahead, running different scenarios, identifying labor needs, and employing technology will help to improve project costs and schedule on today’s jobsite.
ContinueWind turbines do not ordinarily come to mind with thoughts of New York City, but if current plans go forward, that will change dramatically in the near future.
ContinuePolicies with regard to environmental, social, and governance issues have become increasingly important to all companies, as well as their shareholders, in the 21st century’s “sustainability revolution.”
ContinueFTZs can bring in millions of dollars in additional profits and cost very little to maintain relative to the investment.
With tariffs increasing, as well as a heightened focus on products made with forced labor, importers must carefully examine their supply chains in order to figure out how to mitigate their exposure.
Tapping into the U.S. market can provide a company with many advantages, but the process can be complicated and require professional advice and support.
Area Development’s editor recently asked Jonathan Samford, Senior Vice President of External Affairs at the Global Business Alliance, about the importance of FDI to the U.S. economy and why U.S. workers — as well as U.S. supplier companies — benefit from this investment.
Policies with regard to environmental, social, and governance issues have become increasingly important to all companies, as well as their shareholders, in the 21st century’s “sustainability revolution.”
Your business may benefit from economic developers’ new targeted approaches that support new norms in the workplace, promote inclusive economic recovery, and place ESG at the center of their value proposition.
Entrepreneurism will be the “shot in the arm” the economy so desperately needs to recover.
The new administration’s Executive Order may provide the impetus for those companies considering U.S. manufacturing projects to proceed.
The e-commerce revolution and its related supply chain challenges have created a surge in spec development of industrial and logistics space.
Global trade imbalances have been created by systems designed pre-pandemic to handle JIT manufacturing that were not adaptable to sourcing and moving goods.
Resiliency in manufacturing, warehousing, and distribution requires a robust, data-driven approach to understanding the financial and operational influences across the new and ever-evolving industrial ecosystem.
Reducing the nation’s dependence on foreign imports of rare earth materials is critical to the production of energy-efficient as well as other high-tech products.
Make sure the media gets it right when reporting on your company’s incentives.
Remote work is creating challenges for incentive agreements and compliance.
As the business environment continues to change post-pandemic, state and local incentive programs must continue to evolve in order to help companies mitigate risk and boost their return on investment.
Although a company may want to keep its project information confidential when negotiating incentives, public records laws often require governmental transparency.
Your company needs to have a plan in place to protect its data from a costly, devastating security breach — and a backup plan in place for if and when a breach occurs.
Although the responsibilities of the facility manager and project manager differ, there are times when you need both.
Industrial and other types of facilities are smarter and more computerized (more hackable) than they were in the past, but cyber awareness and security has not kept pace.
“There’s a pipeline five miles away, so access to natural gas won’t be a problem… right?”
A culture of teamwork and collaboration paves the way for the execution of integrated project delivery, which helps to cut costs and time while offering other advantages.
Utilizing big data and project controls such as BIM or Digital Twins (DT) will help to mitigate any challenges and bring a project to completion on time and within budget.
The use of construction robots can transform site safety for human workers, while monitoring processes that impact project timelines and budgets.
To survive and advance in manufacturing, it’s critical to have future-proof, flexible facilities.
Emerging robotics and AI technologies can help meet critical goals of connectivity, equity, and sustainability.
The risk of extreme weather events is increasingly being factored into companies’ location decisions, as are sustainability initiatives to reduce carbon emissions that contribute to global warming.
As they realize the impact the built world has on the environment, companies are increasingly transitioning to cleaner, greener facilities and operations.
Organizations that are attempting to reduce their energy use or carbon footprint are finding there are affordable to ways to do so.
According to the experts, respecting and listening to employees’ concerns is key to keeping unionizing efforts at bay.
A careful evaluation of a site’s labor force is needed to guard against unwelcome surprises.
With manufacturers today employing fewer minimum wage-workers, the industrial sector may be only minimally affected by an increase.
Although unions’ influence in the U.S. has diminished over the last four decades, they are still playing a key role in manufacturing and, more recently, the distribution sector.
Consider the benefits of internal recruitment, the use of agency software, as well as engaging a recruitment service provider when updating your industrial talent acquisition and hiring process.
The jobs created by automation will ultimately exceed those that are lost, but a federal program is needed to successfully navigate the transformation of the labor force.
Companies that embrace a talent-first approach using deep-mined data and analytics are more likely to attract the best and brightest, which can, in turn, help unlock the full value of their real estate portfolios.
Today’s highly competitive market for technical talent is leading many companies to consider entering lesser-known geographies where they can find more accessible pools of high-quality and cost-effective talent in a lower-risk hiring environment.
Investing in facilities now will yield financial and physical benefits in the short and long term.
As workforce location preferences have evolved over decades, one thing has remained constant: individuals want to work and live in locations that foster their physical as well as mental and emotional health.
The remote working trend established during the pandemic has caused many employees to reprioritize their lives, while companies are reevaluating their location decisions.
As a company’s workforce becomes more dispersed, they need to rethink not only how they support those employees but also the physical footprint of their business.
Intel’s two new Arizona fabs that represent a $20 billion investment will make an impact on the semiconductor shortage resulting from pandemic-induced supply chain snarls.
The establishment of a facility for the production of medical-grade gloves in Virginia is an important step in alleviating supply chain issues with Asian-made products.
Working to expand semiconductor manufacturing in the U.S., Samsung is adding to its presence in Texas with a $17 billion investment.
The company’s response to COVID-19 is widely known, and it is building out its R&D and manufacturing in Tarrytown, N.Y.
The fluidity of digital innovation - and its lack of dependence on a traditional industrial infrastructure - means that tech havens are blooming in newer magnets where tech-savvy workers are prevalent, ranging from Ann Arbor, Michigan to Richmond, Virginia.
According to the experts, respecting and listening to employees’ concerns is key to keeping unionizing efforts at bay.
Rapid advances in automation are even allowing some tasks in manufacturing facilities to be tackled remotely.
In response to supply chain challenges and in order to expand production of AVs and EVs, U.S. automakers are looking to design the highly coveted chips in-house.
The affordability of mid-sized communities has made them attractive to tech-savvy workers who, in turn, are drawing business investment to those locales.
Metro areas that are hotbeds of technology lead the pack, joined by others showing manufacturing prowess, which has a large economic ripple effect.
A focus on workforce has placed metros in the South and South Atlantic regions among this year’s leading locations, although past metro leaders still make an appearance.
Growth has been concentrated in the Southern and Western regions of the U.S., although rising costs are becoming a concern.
Population growth, a favorable tax climate, and a business-friendly environment are among the factors fueling economic gains and drawing corporate investment to Texas.
Both domestic and foreign advanced technology and other firms are investing in Indiana, a state with a well-prepared workforce and lifestyle initiatives to attract younger workers.
While building on its existing strengths — including its logistical advantages, low tax burden, and productive workforce — Ohio is seeking to diversify the state’s economy.
A commitment to manufacturing, its logistical advantages, and a workforce development push are at the core of Tennessee’s economic strength.
Companies are relocating their headquarters for myriad reasons, including to lower costs, access skilled talent, improve accessibility, and burnish their corporate image.
Only one city can win the project, leaving the losers to explain why they were so heavily invested in trying to land the HQ2, which may ultimately come with its own set of challenges.
Companies are re-evaluating locations and layouts of HQs and regional hubs as workplaces evolve.
The improving economy is making it more financially feasible for companies to relocate their corporate headquarters, but such a move calls for careful consideration of a variety of factors that will determine the ultimate success — or failure — of relocation.
A lack of space and developable land as well as power constraints will continue to drive data center site selection, with sustainability considerations and emerging technologies becoming increasingly important factors.
Although the attributes for data center development continue to evolve, environmental and zoning issues; transportation, telecom, and power needs; and available labor are still important considerations.
With employees working remotely, school being held virtually, and everyone being entertained via the Internet during the COVID-19 crisis, growth of these mission-critical facilities accelerated and will continue to do so.
With technology infiltrating almost all aspects of our lives, more and more data needs to be processed and stored.
The exponential growth of e-commerce has, in turn, accelerated the need for both warehouse and data center space.
Given the complexity of the 3PL selection process, it is imperative to begin with a thoroughly planned strategy.
Although the pandemic accelerated growth in e-commerce, will companies continue to increase their investment in digital technologies?
Future-proofing, building vertically, and mixed-use product integration are three trends that will shape the design of industrial assets for years to come.
E-commerce fulfillment often demands three to four times the logistics space of traditional brick-and-mortar retail replenishment.
The options for space and buildings within the world of industrial real estate are getting smaller.
Incentives to encourage U.S. chip manufacturing would help to alleviate the current global semiconductor shortage brought about by the pandemic.
The industrial real estate sector is experiencing a complete transformation brought about by changes in the retail sector, warehouse design, and supply chains.