Editor's Note: Our New Online Tool for 2011
Area Development's new FacilityLocations.com provides a comprehensive site selection resource of economic development agencies, utilities, GIS mapping, and more.
Americans' confidence in the economy rose to a five-year high in November so it's not surprising that "American factories are catching a second wind as consumers start to flex their wallets," said Sal Guatieri, an economist with BMO Capital Markets. Businesses are also investing in industrial machinery and equipment, and hiring has picked up slightly, although not enough to broadly reduce unemployment rates.
Although the Federal Reserve predicts the economy will only grow by 2.4 to 2.5 percent this year, the Board projects the U.S. economy to expand by 3.0 to 3.6 percent in 2011. It's no wonder, then, that Chief Executive magazine's CEO Confidence Index increased 14.7 points (or 14.4 percent) to 102.1 in late November.
A recent Grant Thornton LLP survey of senior management at U.S. manufacturing companies further bears out this optimism: Nearly half of those surveyed believe the economy will improve within the next six months, and the same percentage said they expect to increase employment over that period - great news!
With that in mind, CEOs - as well as CFOs and other C-level executives - might soon be in expansion and new location mode and should keep this issue of Area Development, our 2011 Annual Directory, on hand. Even more importantly, they should use our new online tool, FacilityLocations.com, to guide them to the 5,000+ contacts who can help with the site search.
Our new online directory - FacilityLocations.com - includes:
• Web and e-mail links to economic development and consulting contacts across the U.S. and internationally
• GIS mapping and radius demographic reports
• Available buildings and sites listings
• Social media contact information
• RSS newsfeeds
• Streaming videos and more
A visit to this new site will help to expedite the location search as the economy continues to improve.
NYX Linden Expands Linden, Tennessee, Manufacturing Operations
Arcosa Wind Towers Plans Belen, New Mexico, Wind-Tower Manufacturing Plant
The Federal Metal Company Plans North Little Rock, Arkansas, Manufacturing Plant
Full Throttle Fulfillment Solutions Plans Liberty, Indiana, Operations
Tex-Tech Industries Plans Winston-Salem, North Carolina, Manufacturing Plant
Patten Seed Company Relocates-Plans Charleston, South Carolina, Corporate Headquarters
2022 Top States for Doing Business Provide an Environment for Business Growth
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
The Top Investment Location Prospects for Aerospace Manufacturing
Strategies to Overcome Intensifying Industrial Real Estate Challenges
How Are Economic Developers Partnering to Solve Workforce Challenges?
What in the World? FDI Trends to Watch in 2023