Industry in the Era of the Electron
Growth of the digital economy has put transmission-adjacent properties and the ability to interconnect at the forefront of the site selection process.
Although records have been set for massive industrial spaces, the market has been shifting to smaller buildings.
Companies considering nearshoring operations to Mexico will find a resilient and interconnected logistics network to handle their import and export processes.
From theory to action — CRE leaders are putting strategies in place to make the workspace a center of collaboration and innovation.
Courtney Dunbar, site selection lead at Burns & McDonnell, recently asked Matt Olson, Burns & McDonnell’s chief innovation officer, about how companies are navigating the digital transformation and its potential of fostering sustainable, resilient manufacturing practices.
A desire to bring manufacturing closer to the consumer, recent federal funding initiatives, as well as access to a skilled workforce and reliable power among other advantages have converged to spur growth in construction of U.S. manufacturing facilities.
Here is a look at the normalizing sector’s upcoming supply, demand, and pricing outlook.
Communities that embrace creative solutions and collaborative approaches are well-positioned to thrive and attract jobs and investment from the private sector.
When a company cannot meet the original parameters set by its project, communication is critical to identifying potential solutions.
With tailwinds such as government incentives and changing vocational preferences, workforce training facilities are poised for continued growth throughout the U.S.
Small and mid-size firms — which account for most of our Corporate Survey respondents — are holding their plans for new and expanded facilities in check despite economic news being better than what had been predicted.
The responding consultants say economic pressures are creating the biggest potential impact for their clients’ location and expansion plans, with finding available skilled labor being the most important concern.
The consumption of electricity is only predicted to increase as the digital transformation of industry continues and, consequently, access to electricity has become a dominant site selection factor.
Building owners may look at the new year as a time to make good on goals they set for their buildings in previous years – whether that means upgrading outdated technology, focusing on net-zero carbon goals, or enhancing occupant experience.
The idea of putting the needs of the potential workforce first when making the location decision mirrors retail’s tradition of prioritizing customer satisfaction.
The supply chain continues to be negatively affected by a shortage of long-haul truckers, in particular, but recruiting more military veterans and women may be part of the solution.
The new year brings some significant changes that will impact employers who have entry-level workers, with 22 states raising their minimum wages effective January 1st.
Brian Murphy discusses how tax and finance can collaborate to advance a company’s key sustainability goals.
Receive quarterly issues of Area Development Magazine at no charge for qualified executives and consultants to industry.
Corporate Exec Survey Results
Leading Metro Locations
Top States for Business
Annual Econdev Awards