36th Annual Survey of Corporate Executives Commentary
Companies Are Recalibrating Their Priorities
In recent years many companies have been propelled to recalibrate priorities for their location strategies and resulting real estate footprints. The top site selection factors for occupiers today include the following:
Corporate Decision-Makers Face a Challenging Environment
The rankings clearly reflect the impact of geopolitical and economic instability, as well as technology.
Energy Costs Come to the Forefront
The shift away from carbon-emitting fuels and the unexpected spikes in natural gas pricing in 2022 have made industrial customers increasingly sensitive to energy costs in their location decisions.
Federal Legislation Affects Companies’ Investment Plans
Companies looking to grow are facing an historically tight labor market and rising costs, but their plans to invest may be buoyed by recent government legislation.
Labor Related Factors Are Key
Companies are searching for the right balance of labor — at all skill levels — that can satisfy their needs not only now but also into the future.
Site Selection
Facility Planning
Workforce Development
Business+Place
Industry Sectors
Services
Recent Features
Automotive
Fleet Electrification-Another Big Disrupter
There’s a lot to consider when a company decides to electrify its fleet, including available charging infrastructure and employee training, but the move can reduce costs and help to satisfy ESG goals.
ContinueEnergy / Clean Tech
The AEC Industry’s Transition to Net Zero Energy
Early, collaborative planning and design will help facility developers and owners meet their net zero energy goals.
ContinueSkilled Labor / STEM
The Value of Job Ads Data in the Location Decision
Non-traditional data aggregated from job ads contain a plethora of insights for assessing a possible location.
ContinueContributed Content
Kentucky’s Business Climate Brings Record Investments
The state’s site development and workforce programs are among the assets attracting companies to Kentucky.
ContinueLogistics / Infrastructure
Industrial Update: Did the Market Overshoot the Equilibrium?
Although the economic slowdown has some wondering about the health of the industrial real estate sector, the need for shorter shipping times will spur companies to continue to look for space around the country.
ContinueBusiness Globalization
Old Tricks, New Methods: Streamlining the FTZ Process with Software
Despite the savings garnered by utilizing an FTZ, setting up and managing a foreign-trade zone is often a daunting process, but innovative software solutions can now help.
ContinueAsset / Facility Management
In Focus: CEOs Are Underprepared for Cyber Threats
New regulations to expand cybersecurity expertise and reporting requirements can only help to eliminate the very real threats companies are facing on a daily basis.
ContinueBusiness Globalization
What in the World? FDI Trends to Watch in 2023
Morgan Crapps, Principal at ParkerPoe Consulting, spoke at Area Development’s Women in Economic Development Forum about the trends and factors that shaped foreign direct investment in the United States in 2022, and what we’re tracking for 2023.
ContinueContributed Content
The Global Epicenter of Mobility
In the Detroit Region, the mobility revolution keeps rolling — and it’s cutting-edge.
ContinueAutomotive
Top-Four Location Considerations for EV Battery Plants
Prioritizing needs, identifying unique site constraints, and getting the right people involved from the get-go will ensure the long-term success of your operation.
ContinueAerospace
The Top Investment Location Prospects for Aerospace Manufacturing
Which are the most promising states and countries for aerospace production in a rapidly evolving sector-wide landscape?
ContinueConstruction / Project Planning
In Focus: The Facility’s Envelope-A Multifaceted Ecosystem
For infrastructure preparedness, a big picture and narrow focus are equally important.
ContinuePortfolio Management / CRE
Strategies to Overcome Intensifying Industrial Real Estate Challenges
Companies facing constraints in the industrial real estate market should build extra time into their site searches and widen their geographic areas of search.
ContinueSite Selection Factors / Strategy
The Decentralization of U.S. Fintech Hubs
As the fintech sector continues to evolve, it’s primed to serve as a major economic catalyst in already established core, secondary, and emerging markets as well as new locations that offer the fundamentals for its growth.
ContinueAdvanced Manufacturing
Front Line: Expanding the EV Battery Pipeline
The need to produce EV batteries is presenting opportunities in lithium battery recycling facility expansions.
ContinueWorkplace Trends
How Are Economic Developers Partnering to Solve Workforce Challenges?
Companies can expect to find help from forward-thinking economic development organizations in fulfilling their labor force requirements.
ContinueProject Announcements
Interloop Expands Charleston, South Carolina, Operations
03/30/2023
Hoover Treated Wood Products Plans Fairfield, Texas, Wood Treating Facility
03/30/2023
EnerVenue Establishes Shelby County, Kentucky, Manufacturing Complex
03/30/2023
LG Energy Solution Plans Queen Creek, Arizona, EV Battery Manufacturing Plant
03/28/2023
Middle West Spirits Expands Columbus, Ohio, Operations
03/28/2023
Textile Manufacture 23 Farrar Street Relocates-Plans Lynn, Massachusetts, Operations
03/28/2023
Canada-Based Epsilon Industries Plans Tuscaloosa, Alabama, Prefabricated Modular Utility Systems Plant
03/28/2023
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