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Area Development Q4 2023 Cover

Q4 2023

Features

A Message to CREs: What’s Old Is New Again

Katie Culp
Katie Culp CEO KSM Location Advisors

It seems that face-to-face meetings with community leaders and anecdotal research about a prospective location are back in style again as companies make location decisions.

The Logistics Analysis That Drives Industrial Site Selection

Joe Dunlap
Joe Dunlap Chief Supply Chain Officer Legacy Investing

Finding the optimal site for a logistics facility often involves trade-offs between transportation, labor, and real estate costs, which may be lowered by incentives offered, as well as the need for speed to market.

AI 101 for Site Selection

Mark Crawford
Mark Crawford Staff Editor Area Development

A data-driven approach, enabled by AI and other technology, is enabling those charged with site selection to make better informed decisions that will allow their companies to thrive.

Future-Proofing Food & Beverage Facilities: Why Site Selection Matters

Brian Miller
Brian Miller Executive Vice President - Industrial Gresham Smith

Access, utilities, workforce, regulatory issues and future-proofing are all key considerations for choosing the right location for a long-term investment.

Clustering Distribution Near Manufacturing Operations: An Old Idea Gaining New Traction

Bruce Herbert
Bruce Herbert Strategic Advisor TMX Transform

Real estate, labor, and transportation needs must be considered by companies considering a clustering strategy if they are to reap its full benefits.

Three Key Location Factors for F&B Industrial Users to Consider

Bob West
Bob West Vice President of Food & Beverage, Industrial Ryan Companies

Workforce skills and availability, the need for speed to market, and the condition of existing infrastructure are all key factors in food and beverage companies’ location decisions.

Departments

Editor’s Note: The Worker Shortage - A New Reality

Geraldine Gambale
Geraldine Gambale Editor Area Development Magazine

With a worker shortage that seems destined to persist, employers are turning to AI/automation and upskilling, while also realizing that comprehensive immigration reform is necessary to fill gaps in the labor force.

In Focus: Working Toward Zero-Emission Buildings Ahead of Regulatory Mandates

Britt Willows
Britt Willows Portfolio Leader Johnson Controls

All stakeholders working in unison will benefit the environment while also resulting in positive business outcomes.

Made in the USA: Shoring Up Options for U.S. Manufacturing’s Resurgence

Jason Price
Jason Price Senior Director of Research for U.S. Industrial Sector Cushman & Wakefield

With the right planning, investors and occupiers have a unique opportunity to reshape the future of the U.S. and Americas-wide manufacturing sector.

In Focus: AI’s Influence on Data Center Growth

Andy Cvengros
Andy Cvengros Managing Director, Brokerage JLL

The use of AI is driving a surge in demand for computing power and the development of more data centers, which, in turn, have an increasing need for reliable power and water.

Brownfields Offer Redevelopment Opportunities

Karen Thuermer
Karen Thuermer Staff Editor Area Development

Found in both urban and rural areas and often with infrastructure in place, brownfield sites can be revitalized and reused with the proper remediation plan in place.

Electrification of Industrial Processes

Dan Emerson
Dan Emerson Staff Editor Area Development

Reducing the use of fossil fuels in industrial processes will help cut costs while reducing GHG emissions.

First Person: How to Identify and Build a Robust Community Ecosystem to Attract New Businesses

Michael Flynn
Michael Flynn Senior Director, Economic Development Destination Medical Center (DMC)

Creating an exceptional business environment to attract certain industries can be a daunting task for any community’s leaders. However, it can be done with focused introspection, research, and strong partnerships. Area Development’s staff editor Lisa Bastian asked Michael Flynn, senior director of Economic Development at Destination Medical Center (Rochester, MN), for his ideas on ecosystem formation.

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