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Q2 2023
Cover Story
Annual Econdev Awards >>

EV and Semiconductor Projects Stand Out in States Receiving Area Development’s 18th Annual Shovel Awards

Steve Kaelble, Staff Editor, Area Development (Q2 2023)
With concerns about climate change now supplanting pandemic fears, projects to produce EVs — and the semiconductors used by vehicles and other high-tech goods — come to the forefront in this year’s Shovel Awards report. More
Features
Taxes / Incentives >>

New/Expanded Incentives for Sustainability-Related Investments

Sean P. Byrne, Of Counsel, Vorys, Slater, Seymour and Pease LLP (Q2 2023)
The picture is becoming clearer for the Inflation Reduction Act tax credits, with further guidance to come. More
Construction / Project Planning >>

Development Land Demonstrates Resilience in a Volatile Market

Matt Davis, Senior Director, Capital Markets; John McWilliams, Senior Research Analyst; and Andy Slowik, Managing Director, Land Brokerage; Cushman & Wakefield (Q2 2023)
Land development is a fluid sector that tends to follow the wave of national trends and demand, creating pockets of positives throughout a troubled marketplace. More
Skilled Labor / STEM >>

Responding to the New Reality: Robots Vs. Humans

Katie Culp, CEO, KSM Location Advisors (Q2 2023)
As companies weigh the benefits and challenges of increasing automation, local leaders must also evolve their incentives programs. More
Data Centers >>

Data Center Sites: What’s Your Connection?

Tom Croteau, Senior Managing Director, Maxis Advisors (Q2 2023)
Those seeking a location for a data center need to consider fiber connectivity, access to power, cooling capabilities, risk mitigation, and security, among key requirements. More
Biotech / Life Sciences >>

Life Science Conversions in Real Estate

Matthew Weinstein, Chair, Real Estate Lease Structuring, Cozen O’Connor (Q2 2023)
Among the key legal issues to be considered when converting office to life science space are credit enhancements, expansion/contraction options, use segregation, and zoning. More
Workplace Trends >>

Key Steps to Satisfying Workforce Needs

Andi Brownwell, Managing Director, Maxis Advisors (Q2 2023)
Businesses can fulfill their labor requirements by creating a positive company culture where employees are not only well compensated but also provided with training and growth opportunities. More
Taxes / Incentives >>

Is a Flurry of Fads Shaping Economic Development Policy?

Ben Worrell , Principal, McGuire Sponsel (Q2 2023)
Chasing the latest flurry of fads may not help business leaders or the communities in which they locate achieve long-term success. More
Biotech / Life Sciences >>

Four Keys to Effective Life Sciences Work Transformation

Kevin Wayer, President, Government, Education, Infrastructure and Life Sciences , JLL (Q2 2023)
The future of work lies in the hands of leaders who understand what today’s life sciences workers value — and act like it. More
Business Globalization >>

Nearshoring — North America’s Next Factory

Maribel Gaytán, Strategic Consultant, Cushman & Wakefield (Q2 2023)
Its strong maquiladora program, skilled labor, and favorable geographic location have made Mexico a top choice for nearshoring to the U.S. market. More
Departments
Construction / Project Planning >>

First Person: Labor Crunch in the Construction Industry

Joseph Natarelli, National Leader, Construction Services, Marcum LLP (Q2 2023)
The construction industry continues to face a skilled labor shortage, with worker scarcity worsening since the beginning of the pandemic. With this in mind, Area Development’s staff editor Lisa Bastian asked Joseph Natarelli, Marcum’s National Construction Leader, to share his perspective on this issue. More
Skilled Labor / STEM >>

In Focus: Today’s Investments Inspiring Tomorrow’s Skilled Workforce Leaders

Alison Neuman, North America Workforce Development Program Manager , Johnson Controls (Q2 2023)
Investment in workforce training initiatives is essential not only to individual businesses but also to economic development on a local and national scale. More
Automotive >>

Last Word: A Second Wave of EV Investment

Dennis Cuneo, Director, Site Selection Services, Walbridge (Q2 2023)
The rapid transition of the auto industry from internal combustion engine vehicles (ICEs) to electric vehicles (EVs) has set off a rush of new investment in new EV assembly plants and battery cell plants. More
Site Selection Factors / Strategy >>

Front Line: Water Supply Increasingly Affecting Location Decisions

Dan Emerson, Staff Editor, Area Development (Q2 2023)
Over the last few years, there has been a heightened focus on abundant access to water for companies seeking new locations. More
Online Exclusives
Workplace Trends >>

Raising Local Labor Force Participation

Louise Anderson, Director of Research, International Economic Development Council (Q2 2023)
In an attempt to help businesses find the workers they need, economic development organizations are working with community partners to reduce barriers to work through a mix of strategies. More
Automotive >>

Building the Nation’s EV Charging Infrastructure

Josephine Tucker, Managing Director, Clean Energy and Infrastructure Advisory, JLL (Q2 2023)
Public-private partnerships can help states and cities expand their electric vehicle charging infrastructure. More

Exclusive Research