July 12, 2023 marked a very historic day have dreamed about an industrial park at this property tax base. Employers in those industrial
in the economic history of Huntington, location,” said Mark Wickersham, executive parks also are providing job opportunities for
Indiana, a City of nearly 18,500 people director for the Huntington County Economic nearly 40 percent of the overall workforce,
in Northeast Indiana. Nearly 40 years of Development Corporation (HCEDC). “The creating a compelling case for continued
dreaming about an additional 170 acres to teamwork between the City, HCEDC, local industrial development.
the industrial base of Huntington, and the lending institutions and the previous property
City’s boundaries themselves, reached an owners combined to create this exciting Huntington’s industrial parks are home
exciting milestone. opportunity that is now becoming a reality,” to foreign direct investments from Brazil
Wickersham added. (Gerdau Steel); Canada (Onward Mfg Co.);
The City of Huntington and the Huntington France (Schneider Electric); Germany (Knorr-
County Economic Development Corporation The industrial parks in the City of Huntington Bremse’s Bendix Commercial Vehicle Systems);
celebrated the completion of a $3.4 million, – Riverfork Industrial Park, Riverfork West and Japan (Teijin and also Marubeni’s
Phase 1 Infrastructure Project, designed Industrial Park, Commercial Road Industrial Helena Chemical Company). Domestically
to serve the new Riverfork West Industrial Park, Park 24 Industrial Park and the Erie based powerhouses like Ecolab also have
Park on Huntington’s southwest side. A Neighborhood Industrial Park – account for major investments in Huntington. Local
collaborative opportunity allowed the more than 50 percent of the community’s entrepreneurs also have found the Community
Huntington County Economic Development
Corporation to acquire the desired land.
The City Government’s commitment to
infrastructure made it possible for Lot #1 to
be acquired by Teijin Automotive Technologies
Inc., and construction of Teijin’s new $110
million facility on the company’s new 30-
acre tract is well under way.
“These are once-in-a-generation opportunities
and the City team is using it to make
infrastructure improvements that benefit
existing residents and businesses in addition
to new industry,” Huntington Mayor Richard
Strick said.
“The local economic development team and
various mayoral administrations since 1980
52. FDI ALLIANCE INTERNATIONAL
and neighbors. Outdoor recreational trail,
camping, fishing, boating opportunities are
abundant. Award winning TwoEE’s Winery
and other similar venues are available for
the enjoyment of residents in the region. Job
skills are enhanced locally via a collaborative
Learning Center. Huntington University offers
multiple degree program opportunities and
Huntington benefits from award winning
healthcare via Parkview Huntington Hospital
and Parkview Health Network.
The previous issue of Foreign Direct Investment
covered the celebration of the City’s 175th
anniversary.
“Riverfork West Industrial Park is an excellent
birthday present,” Wickersham concluded.
The Huntington County Economic
to be an exciting base of business. Orthopedic “It has been a tremendous experience working Development Corporation is a non-
device manufacturer, Incipio Devices, anchors with our public and private sector partners profit organization as recognized by the
Riverfork Industrial Park East with metals to translate this idea into a reality,” Mayor IRS under Code Section 501 (c) 3. The
processors Metal Source and Huntington Strick said. “Even as we celebrate today Agency is not a unit of government or
Sheet Metal. and the completion of Phase I, design and a politically partisan organization. Our
planning is already under way to kick off Mission is to promote opportunities for
According to HCEDC, the 260-acre Riverfork Phase II infrastructure improvements.” job creation and capital investments that
Industrial Park East had an assessed value for enhance the industrial base of Huntington
real property taxation in 1980 of approximately The City’s infrastructure project (water, County. For more information about
$234,000. Today, the combined assessed wastewater, streets and other utilities) was Riverfork West Industrial Park and the
value for the same acreage approaches $37 completed in 14 months. The Teijin project at HCEDC visit their website at
million, or about 160 times more than when Lot #1 is also nearing completion. “Starting www.hcued.com.
it was a farm at the edge of Huntington. with a greenfield site and managing the
process of annexation, zoning, establishment
Local economic development officials are of a tax-increment financing district, and
confident the investment in the adjacent bringing primary infrastructure to a site and
Riverfork West Industrial Park will produce doing the land transaction and building
a similar economic impact. Infrastructure construction for
projects such as those in Phase 1 are the Lot #1, a 30-acre site of its own, all in 14
backbone of making this a success. These months, is extraordinary,” Wickersham said.
include work backed by the City to reconstruct “This would be a tremendous achievement in
1,550 feet of road 200 North; construct any size market, but even more so in a small
1,110 feet of the new Progress Drive; install market the size of Huntington,” he added.
1,900 feet of new sidewalk and 2,100 feet
of new water main; and add turn lanes to As impressive as Huntington’s industrial
southbound 4-lane State Road 9 and road base might be, the City has numerous assets MARK WICKERSHAM
200 North. improving the quality of life for their residents EXECUTIVE DIRECTOR
m
8 West Market Street
Huntington, IN 46750
n
Office: 260-356-5688
Cellular: 260-388-3939
e
[email protected]
d
www.hcued.com
53. FDI ALLIANCE INTERNATIONAL
FOREIGN COUNTRIES – FDI, REVERSE FDI
AND PARTNERSHIPS
During my extensive global business travels NO, it doesn’t have anything to do with any of area. The relationships between these trucking
around this wonderful world this year, I have the above puzzling questions. companies and the Uzbekistani BPO’s is so
come across some incredible new places that I impressive. In fact, the trucking companies from
believe need to be studied and begin outreach Tashkent, the capital, is an aspiring community Missouri have not only contracted the dispatch
with partnerships. As we know, during the Site that is actively partnering with companies to services for these companies, but they are also
Selection process, it is not only the objective expand and locate full service BPO operations. running the Accounting, Safety and Human
factors that weigh in on C Suites, but also the Uzbekistan launched in the middle of July “ IT Resources for the companies in St. Louis. What
subjective approach (relations, partnerships) that Mecca”. WOW! I was surprised and I must see a wonderful way to save money on labor costs,
can make excellent economic impacts within for myself. So I made the trip to see for myself. yet still be productive as a competing trucking
your own community. Did you know that the country currently has over company in the United States.
400 BPO’s in operations in the country. They are
I will be providing insight into three countries also working to attract data centers, gaming Uzbekistan is South of Kazakhstan, which is
that may not even have been on your radar centers and anything related to IT. Why are they south of Russia and North of Turkmenistan and
screen for recruitment. These countries include: doing this? The country became a democratic Turkmenistan borders North of Afghanistan,
Uzbekistan, Colombia, and Mongolia. I am country in 1990 and they are restructuring very so Uzbekistan is really insolated by any outside
going to provide some facts that might be of quickly to create new economic development forces. In my mind, a hidden secret economy
interest to you and your community for future efforts. As mentioned, the BPO industry is in Central Asia.
potential relationships with these countries that strong here. Touring existing BPO facilities, I was
have either not been discussed or you have not amazed with the cleanliness and professional
even thought about the connectivity that could sites and all the Representatives speak English! COLOMBIA
increase your economic activities within your Yes, English! Uzbekistan has had an initiative
own community. to create school curriculums promoting strong Colombia is another country that is a misnomer
English-speaking graduates. The country has to most in the United States. News of cartels
been working on this for over 15 years! Who and murders have been the highlight of the
UZBEKISTAN would have ever known? US media. However, many do not realize the
potential in a country that has been, throughout
Uzbekistan—where is it? – Is it by Afghanistan? One interesting partnership that I learned about history, a major player in the Atlantic/Pacific
Are they in a military dilemma with the United is that three (3) of the many BPO’s in Uzbekistan, trade corridor. Did you know that Colombia
State? Oh wait, are they still under the control are actually contracting as dispatchers for three actually was the territory of Peru, Ecuador, and
of the former Soviet Union (USSR). The answer: trucking companies located in the St. Louis, MO Panama in the 1800’s? A huge trading region
54. FDI ALLIANCE INTERNATIONAL
between the East and West. The United States industry presence is major mining, accounting Partnerships can be sought after through virtual
in 1904 acquired the Panama Canal area firms and computer science that maintain the meetings and allocating dollars for business
from Colombia for $25M US, opening the economic vibrancy in the community. missions to these new markets. These new
Panama Canal for ocean commerce between Mongolia has the second largest coal mine in t industries along with continued relationships
the Pacific and Atlantic Oceans, crating global can lead to some very important FDI projects for
trade corridors. he world. Most of the resources are used in China, your community. It might start with implementing
but new techniques and other applications of a Sister City Program or even outreach to
Cartagena is a tourist destination. In the mid coal are being researched through new research communities you might not be aware of.
1990’s the local government proposed a subsidy and development, besides the use of energy.
to hotel developers with a 10-year tax reduction Some of these techniques are going to be Take a few minutes and do some research on
on any hotel development in the city. In today’s game changers in the world economy. Stay countries or communities that might benefit
time there are many hotel resorts in the city. The tuned or take an approach to reach out to these your Economic Development efforts because
city has the vibe of Miami and is a wonderful companies that are creating new technologies they match your FDI or attraction plans. The
place to visit as a tourist. Other industries include with this natural resource. world may seem large, but when you see the
petrochemical and logistics, as mentioned above connections, it can be complimented by your
and renewable energy sectors. Many do not economic development efforts to look at new
know of these hidden industry gems. FDI, Reverse FDI and Partnerships and inspiring locations of the future. I hope
these new markets peak your interest, as they
Finally, Cali, Colombia has a very pro-active Mentioning these countries might be new to have mine.
economic development program. Agri-Business you as a reader, however, the most important
Health Care Products and Automotive are thing is to learn about new global markets.
increasing industries in Cali and the Free Trade Understanding the local economies and
Zone has great advantages for companies “connecting the dots” is very important in Site
looking to expand. Mauricio Concha Rivera of Selection and Economic Development.
Invest Pacific states “Investment and awareness
of our FTZ is important to continued global Taking risks, opportunity outreach and
expansion and growth for this region in understanding new economies can enhance
Colombia. Come take a look and maybe your chances of success with new projects. You
indulge yourself in some of the local salsa might have existing industries that could connect
dancing that is world renowned to our area”. with some of the countries I spoke about above. C. PAIGE WEBSTER, CECD
The example of Uzbekistan and customer service PRESIDENT, WEBSTER GLOBAL SITE SELECTORS
centers that are helping trucking companies in
MONGOLIA St. Louis, MO. Who would have ever thought
about this global connection? However, Reverse
Many people think of Mongolia as a place that FDI (Companies in your current community 602-621-0576
is surrounded by the two giants of Russia and expanding to other international markets), can
China. However, one does not know that the bring capital back to your own community. It [email protected]
capital, Ulaanbaatar or UB is the center of some helps current businesses reduce costs, yet allows
new vibrant economies. With 1.6 million people, them to be competitive with other companies,
the average age is 26 years old. Wages are which brings more capital back to your www.globalsiteselectors.com
reasonable in the community, while most of the community.
MARKETING THROUGH A NEW LENS
As a young girl, I was captivated by the power of storytelling and how it The internship led me to connect my skills to the world of economic
brought to life everything around me. My imagination has led me to view development. After creating a few videos for FDI Alliance International,
life through a different lens and branch outside of conformed boundaries, I knew that I had stumbled upon a career that would be perfect for me.
especially in the field of economic development. When I first started sharing As a marketing major at Transylvania University, I have spent the last three
my own stories it was through videos created in my backyard. I carefully years learning how to create outreach and mold content toward specific
selected and effortlessly paired the music and videos, creating what I was
certain were cinematic masterpieces. Now, when I reflect on how that little
girl crafting videos in her backyard has transformed her passion of video
creation into a career, I am amazed. This passion has inspired me to travel
the world, continue to learn more about video editing, and further my
education in the field of marketing.
I have always enjoyed traveling. With every new destination, whether in a
nearby town or somewhere on the other side of the country, I am able to
create a new story. This past year, I took advantage of the opportunity to
travel outside of the United States for the first time in my life. During the
month of May, I studied abroad with Transylvania University and traveled
to the Netherlands. Immersing myself in a new culture exceeded all my
expectations, and I couldn’t help but reach for my phone to capture every
moment. While studying abroad I created a video to help market the study
abroad program at Transylvania University for many years to come. Within
the video, I highlighted important aspects of the trip and created a storyline
of what to expect when studying abroad. After my first experience traveling
outside the United States, I was ready to see more as quickly as possible.
Fortunately for me, I was able to connect with Courtney Margetson and FDI
Alliance to pursue an internship less than a month after I had returned from
the Netherlands. Before I traveled to London to begin the internship I took
advantage of the opportunity and traveled to Switzerland, Italy, and France.
With each new location, I was fascinated.
56. FDI ALLIANCE INTERNATIONAL
demographics. Combining those skills with my passion for video creation
and desire to travel, I realized I should pursue a career in the field of
economic development. I could help communities tell their stories, travel to
new places, and allow the world to gain a new perspective and see things
through a new lens.
Logans Lens is a video marketing company I created this past year. In the
past, I created videos solely for personal use and travel purposes because
that was the best way for me to capture memories and share my experiences
with others. Branching out into the field of economic development has
challenged me in the best ways and allowed me to discover new opportunities
to showcase my talent. Starting a business was something I always dreamed
of doing but never imagined would be possible this early in my life. Little did
I know that my age was one of my biggest advantages within the field of
economic development. My generation has grown up with social media,
allowing me to see firsthand how beneficial it can be to market through
online platforms. I found the best way to get started was to create an online
presence to launch my brand. I began by creating my own website, www.
loganslens.com, featuring an online portfolio for potential customers to view
my work. From there, I continued to create profiles on Instagram, Facebook,
and LinkedIn. With the help of Courtney Margetson and his team, I also
created a media kit with pricing options and printed business cards. Starting
my own brand has been one of my proudest accomplishments. I cannot
wait to see what the future holds for Logan’s Lens.
The field of video marketing is constantly evolving, but what sets me apart
from other creators is my deep understanding of creating personality in each
of my videos. When showcasing a location or a small business, I strive to LOGAN THOMAS
VIDEO MARKETING CREATOR
ensure that viewers develop an emotional connection. Having grown up in
a small town, I have noticed how a single change in economic development www.loganslens.com
can affect thousands of people. This has taught me how important it is to
portray locations and businesses accurately, while also making it exciting to [email protected]
watch. It is with this perspective that I look forward to telling more stories that +502 320 8013
help transform communities around the world.
57. FDI ALLIANCE INTERNATIONAL
The future of economic development in The project came just months after BOSK also announced a partnership with
Kentucky is electric, literally. With the rise Kentucky’s first game-changing EV battery Elizabethtown Community and Technical
of the electric vehicle (EV) industry and the announcement. In September 2021, Gov. College (ECTC) to build the ECTC BlueOval
rapid growth of companies directly supporting Beshear and executives from Ford Motor SK Training Center in Glendale, which will
this rapidly expanding market, Kentucky Co. and SK On announced the BlueOval allow the 5,000 people employed by BOSK
has wasted no time positioning itself as a SK (BOSK) Battery Park in Hardin County. to prepare for their future careers. The
national leader within the sector. The $5.8 billion project is the single-largest primary curriculum for the training facility
economic development investment in state will support battery knowledge, roles and
Kentucky’s recent success is no accident. The history and is set to create 5,000 jobs in the skills. BlueOval SK will train employees
combination of a long history of automotive heart of the state. The project, which broke in SK On’s proprietary technical, quality
strength, large-scale projects from some of the ground in October 2022, includes two massive and manufacturing processes in the ECTC
industry’s leading companies and numerous battery manufacturing facilities capable of BlueOval SK Training Center’s virtual reality
announcements to build the foundation for producing more than 80 gigawatt hours labs, industrial maintenance lab, work
the supply chain and logistical support of annually. The plants will produce advanced simulation lab and ergonomics techniques
the sector has set the commonwealth up as batteries for future Ford and Lincoln EVs. classrooms.
a leading destination for EV investment for
years to come.
In the past two years, the commonwealth
has announced the two largest economic
development projects in state history, both
setting the stage for tremendous growth
within the automotive sector.
In August 2022, Gov. Andy Beshear joined
state and local officials and representatives
from Japan-based AESC to break ground on
a $2 billion, state-of-the-art gigafactory in
Bowling Green’s Kentucky Transpark. The 30
gigawatt hour plant – with the potential for
even more capacity in the future – is creating
2,000 skilled jobs in Southcentral Kentucky
to produce battery cells and modules that will
power up to 300,000 next-generation EVs
for multiple global automotive manufacturers
by 2027.
58. FDI ALLIANCE INTERNATIONAL
upgrades of sites and buildings across the
state. Since it was established one year ago,
35 site and building development projects
statewide have been approved for over $20
million in state funding.
Sites are evaluated based on all facets a
prospective company would consider, from
workforce availability, access to infrastructure
and detailed information on costs associated
with development. KPDI greatly increases
the efforts of the pilot Product Development
Initiative program, which provided nearly
$7 million in state funding for 20 site and
building development projects statewide.
Kentucky communities have also been
actively moving sites through the Build-
Ready certification process. With a build-
ready site, much of the work, aside from
construction, has already been completed. That
includes controlling the land to be developed,
completing archaeological, environmental
and geotechnical studies, constructing a
building pad, finishing preliminary design
“That highlights what truly makes these United States, the project has grown to a nearly work, obtaining approved site plan permits
projects transformational for Kentuckians,” $1 billion investment that will create more and putting necessary infrastructure in place.
Gov. Beshear said. “Not only are these than 400 full-time jobs. With the increased On a build-ready site, construction can begin
companies coming in and making significant investment, the Ascend Elements project immediately.
investments in our state, they’re also creating known as Apex 1 is now the single largest
thousands of quality job opportunities for investment on record in Western Kentucky. Kentucky has many advantages, including
our residents and showing a commitment to The location will house the company’s its commitment to site development and a
provide the workforce with the skills needed innovative hydro-to-cathode process, a proactive, aggressive approach to attract
for long-term success. We have worked closed-loop direct precursor synthesis dynamic companies that support a wide
hard to build the amazing partnerships we manufacturing system that generates no range of EV and battery functions. The result
have over the past few years, and we will toxic waste and minimal carbon emissions. is Kentucky setting the standard as a premier
continue to see the benefits of those efforts The operation will produce enough recycled destination for existing and future industries.
for generations to come.” battery precursor and sustainable cathode
While these battery plant announcements active materials to equip up to 250,000
have helped secure Kentucky’s electric EVs annually. Ascend Elements’ Kentucky
future, several other projects are helping operation will serve a range of EV-related
to secure the commonwealth’s place as a customers and build on current partnerships,
national leader. including with American Honda Motor Co.,
EcoPro Group and SK Battery America.
The state’s work with Ascend Elements Inc., Kentucky is second to none in serving
which has committed to bring hundreds the automotive and EV market, providing BRANDON MATTINGLY
of full-time jobs and a nearly $1 billion companies with the resources, speed-to-
investment to the state, signifies Kentucky’s market capabilities, location and workforce Director
dedicated effort to remain at the forefront they need to make projects like Ascend Office of Marketing and
of the EV movement. Elements possible. Communications
Kentucky Cabinet for Economic
In August 2022, the manufacturer of ࣿ Investing in Future Growth Development
advanced, sustainable battery materials made Kentucky’s efforts to be a prime location for
from recycled lithium-ion batteries announced businesses don’t stop there. State leaders M
plans to build the company’s largest U.S. are taking steps to ensure that it has the Old Capitol Annex, 300 West
operation – and the only facility of its kind resources and sites available to roll that Broadway Frankfort, Ky. 40601
in the country – in Hopkinsville, Kentucky. success forward well into the future. N
The initial $310 million announcement was (502) 782-2006
E
already set to make a major impact in the The Kentucky Product Development Initiative [email protected]
community and surrounding region and the (KPDI) is a statewide effort to support d
scope of the project has grown significantly upgrades at industrial sites throughout the www.ced.ky.gov
in the months since. commonwealth and position Kentucky for
continued economic growth. A collaboration
Thanks to more than $480 million in federal between the Kentucky Cabinet for Economic
grants awarded by the U.S. Department of Development and Kentucky Association for
Energy to support increased production of Economic Development (KAED), the program
EV batteries and associated materials in the includes $100 million in state funding toward
59. FDI ALLIANCE INTERNATIONAL
LOCATIONS OF THE FUTURE
The current environment that economic developers and investment promoters Unfortunately, UNCTAD expects the tough times to continue for FDI. Its
face is a challenging one, to say the least. 2023 forecast reads: “Negative or slow growth in many economies, further
deteriorating finance conditions, investor uncertainty in the face of multiple
Global uncertainty is damaging investor confidence and slowing down or crises and, especially in developing countries, increasing risks associated with
delaying corporate expansion plans. Global foreign direct investment (FDI) debt levels will put downward pressure on FDI.”
volumes fell -12% in 2022, according the World Investment Report 2023
released in June by the United Nations Conference on Trade and Development So which investment locations will be able to succeed in today’s fast-changing
(UNCTAD) — although it was a smaller decline than had previously been FDI landscape despite some of the negative headwinds? In short, it will be
feared. the ones that can stay out in front of the macro trends that are shaping the
investment world and leverage them to their benefit, and that have competitive
The top host economies for FDI, as listed by UNCTAD, are: the US, China, advantage in industries of the future such as artificial intelligence, electric
Singapore, Hong Kong, Brazil, Australia, Canada, India, Sweden and France. vehicles, Industry 4.0 and renewables.
The figures show that China is closing in on the US’s lead after its Covid-led
decrease in the past two years. Some of the major trends impacting FDI include the following:
• Covid chaos and aftermath
Meanwhile, geo-economic fragmentation (caused by supply chain disruptions • War in Ukraine
and geopolitical tensions) is reshaping the geography of FDI. Investment flows • Supply chain disruptions
are increasingly concentrated among geopolitically aligned countries. For • Nearshoring, reshoring and friendshoring
example, trade and investment flows between China and the US, and between
China and Europe, have declined while US investment has increased in allied • Automotion
countries such as Colombia and India. • Remote working
• Environmental, social and governance (ESG) initiatives
As the world becomes increasingly divided, so too is the world of FDI, and • The race to Net Zero
investment promoters will have to be aware of and be able to navigate these • The Sustainable Development Goals (SDGs) 2030 agenda
complex geopolitical waters. Developing economies are particularly vulnerable • Protectionism
to FDI relocation, given their reliance on FDI from geopolitically distant countries • Regionalization (de-globalization)
and heightened restrictions from advanced economies.
60. FDI ALLIANCE INTERNATIONAL
UNCTAD World Investment Report 2023
How are investment policies and investment promotion strategies evolving to World Economic Outlook. “Some countries could reduce their vulnerability
adapt to the challenges brought on by these trends? by promoting private sector development, while others take advantage of
the diversion of investment flows to attract new FDI by undertaking structural
Investment policymaking surged in 2022 as countries sought to offset a global reforms and improving infrastructure.”
economic downturn, according to UNCTAD’s Investment Policy Monitor.
Measures favorable to FDI nearly doubled in 2022 and returned to pre-
pandemic levels. Policies to incentivize green FDI are particularly popular. At the operational level of investment promotion, a survey of 74 investment
promotion agencies (IPAs) worldwide, conducted by OCO Global and the
But, conversely, trade and investment protectionism is still on the rise. Restrictions World Association of Investment Promotion Agencies for their joint Innovation
on investment experienced the greatest increase in 2022, reaching 239 last year Report 2023, found that IPAs’ organisational structures and FDI strategies
— more than four times that imposed in 2021, according to the International need a refresh or event a reset (according to 27% of respondents. The survey
Monetary Fund (IMF). The number of unilateral restrictions imposed by also revealed a strategic shift to ‘quality’ FDI over sheer quantity, with 75% of
countries on cross-border trade and investment has grown massively over the agencies polled saying they have developed a specific strategy to attract high-
past decade, reversing the general trend of liberalization seen during most of quality FDI projects.
the 20th century.
Definitions vary as to what constitutes quality FDI, but the top responses were:
And investment screening laws are proliferating. The trend towards the adoption innovative FDI projects with a strong technology element, FDI projects creating
or revision of FDI screening mechanisms accelerated in the second half of the quality jobs, FDI projects in strategic sectors and FDI projects filling a gap in the
2000s, particularly after the global economic crisis, and reached a peak in local value chain.
2020-2021, in the aftermath of the pandemic, both of which heightened
concerns about potential foreign takeovers in sensitive sectors. Successful locations of the future will keep a firm eye on quality, have clear
metrics as to what that means, and target potential investors accordingly. They
However, as to how to cope with FDI geo-fragmentation, the IMF recommends will also work to strengthen their international trade and investment ties, remove
the opposite approach: more open doors than closed ones, and greater barriers that stifle them, and think carefully about their positions in the new
co-operation instead of alienation. It also calls for locations to bolster global value chains. They will burnish their competitiveness and credentials in
their competitiveness as a bulwark against the negative global dymanics. the industries that will drive future FDI flows, and most importantly be ready and
“Multilateral efforts to preserve global integration are the best way to reduce the able to adapt their strategies and organizational structures to meet the needs of
large and widespread economic costs of FDI fragmentation,” reads the IMF’s the FDI market as it is and as it will become.
COURTNEY FINGAR
FOUNDER & PRINCIPAL, FINGAR DIRECT INVESTMENT
Courtney Fingar is founder and principal of Fingar Direct Investment, which advises investment promotion
agencies on strategic communications and marketing. A business editor with more than 20 years of experience
in media and FDI, she previously ran the Financial Times’ fDi Magazine and has been on assignment to
more than 80 countries in her career.
www.fingar-di.com [email protected] (+44) 7506 586 986
61. FDI ALLIANCE INTERNATIONAL
STRATEGY, STORYTELLING AND SUCCESS
The goal of economic developers is to set the stage for opportunities that From the logistical advantages certain communities have over others, a
can change the economic trajectory of the communities they serve. Across further refinement to the strategy is determining infrastructure components
communities served by our Kentucky’s Touchstone Energy Cooperatives, that exist with regards to potable water, sewer, broadband, natural gas
we are witnessing an unprecedented economic boom that will influence and, of course, electricity. When it comes to industrial sites, size does
the lives of residents for generations to come. matter not only from an acreage perspective but also from the robustness
of the pipes and cables delivering these vital components necessary for
In Shelbyville, Lebanon, Campbellsville, Elizabethtown and across Kentucky, modern advanced manufacturing.
cranes, earthmovers and construction workers are building at a break-neck
pace towards a brighter future. With announcements of almost $3 billion In the communities we serve, our electric cooperatives assist in developing
in 2022 in our electric cooperative service territories, we are seeing these a strategy along with selecting target sectors to leverage their attributes,
announcements spring to life with construction activity this year. Everyone positioning the communities for investments. We always say we want the
notices the cloud of dust from the construction activity but few realize the right fit for a company choosing a community that will lead to success for
steps taken through the years to make these investments actually happen. all parties. The worst thing a community can do is not having a strategy,
or chasing opportunities that will not find long-term success if they chose
Developments such as the ones we are seeing do not happen by accident. to locate in the wrong location for the wrong reasons. Selecting the right
Hidden behind the announcements and groundbreaking ceremonies are targets is one of the most important—if not the most important—aspects
people who had a belief and vision for a brighter future for their community. of developing an economic development strategy.
They developed and executed a strategy that brought together a team
including local elected officials, state economic development partners, Once an economic development strategy is developed, a marketing plan
utilities and other motivated partners to craft an enticing story that leads or the storytelling side of economic development takes over. Communities
to a project selecting their community, across the country struggle to find the right way to get their community and
industrial sites noticed by site selectors and in front of key decision-makers
It starts with a strategy. Not all communities are created equal, and their within companies. In our communities, we have stressed that you have
economic development strategy should be conceived with a plan to to understand the story to be told, as well as the audience it is being told
maximize their strengths and mitigate their shortcomings or weaknesses. If to. Too many times, we have seen our rural communities focus solely on
you have access to interstate highways, navigable waterways, international telling their story to friendly local audiences within their own state. They
airports or rail either intermodal or direct access, this should influence the fail to realize that the majority of the investments that could dramatically
strategy undertaken for economic development efforts. Get everyone from change the economic standing of the community for future generations
the economic development team along with partners on board with a are coming through Foreign Direct Investments from international firms
simple strategy that focuses the group in pursuit of the right opportunities. or multinational companies based in the United States.
62. FDI ALLIANCE INTERNATIONAL
Telling the story in a way that differentiates your community from the - INFAC, Campbellsville – Expansion - Contractor: Hilpp Construction
masses is the key to creating opportunities. Writing articles that discuss - Powered by Taylor County RECC - Local Economic Developer: Ron
why companies chose to locate in your community is a good way to begin. McMahan - South Korean-based INFAC is investing $60 million to
Videos that showcase the community’s attributes including quality of life double the size of their existing facility to meet demands of the EV battery
paired with potential industrial sites can be key in making virtual elevator supply chain.
pitches to be shared with site selectors and company decision-makers.
Communities that capture footage of their downtowns, hometown festivals, - EnerVenue, Shelbyville – Greenfield Development – Developer: Flint
industries and education opportunities and then compile them into easy- Development – Contractor: Contegra Construction Co. - Powered by
to-digest videos have a leg up on the competition. Videos featuring quick Shelby Energy - Local Economic Developer: Ray Leathers - United States-
edits with video shot from different perspectives joined with upbeat music based EnerVenue expects to invest in excess of $1 billion in a state-of-the-art
help to tell a story in a modern way for a TikTok-dominated world. manufacturing plant for energy storage vessels to expand to more than
20 gigawatt hours per year
No matter where you tell your story it has to be something that captivates
the reader or viewer. Our cooperatives are utilizing both print and video to - Lotte Aluminum, Elizabethtown – Greenfield Development – Contractor:
exhibit different attributes of our rural Kentucky communities. Publications Gray Construction – Powered by Nolin RECC – Local Economic Developers:
such as FDI Alliance International offer the perfect platform to showcase Andy Games and Rick Games - South Korean-based Lotte is investing
our communities to readers and decision-makers half a world away. We $238 million to create aluminum cathode foil for EV batteries.
currently utilize FDI Alliance International and other publications to tell our
story and as well as Logan’s Lens Productions and others for hype videos Across Kentucky, we are seeing construction sites bustling with activity in
that focus attention on our communities and the success they are seeing. addition to these projects. From industrial sectors that include metals,
The stories and videos are being utilized to recruit potential investments food and beverages, and battery, Kentucky’s future is changing daily with
as well as celebrate opportunities choosing to locate in Kentucky. new announcements of greenfield projects and expansions.
Success breeds success. Communities winning projects often find it easier With over $45 billion in projects currently exploring potential opportunities
to land a second and third announcement as companies see the realized within our cooperatives’ service territories, our communities are a paving
success and strive to have that same experience and success for themselves. a way to a brighter future through developing a strategy, telling their story
We see multiple opportunities target the same communities that are and striving for success.
announcing investments, as the perception that the community is moving
forward is best showcased by groundbreakings and expansion notices.
Some of the amazing success stories currently being constructed in the
communities served by the Kentucky’s Touchstone Energy Cooperatives BRAD THOMAS
include: ECONOMIC DEVELOPMENT
KENTUCKY’S TOUCHSTONE ENERGY COOPERATIVES
- Wieland Group, Shelbyville – Greenfield Development – Contractor:
H&M Construction Company, LLC - Powered by Shelby Energy - Local 4775 Lexington Road 40391
Economic Developer: Ray Leathers – German-based Wieland will recycle P.O. Box 707
copper as the first phase of this multiphase project with an initial investment Winchester, KY 40392-0707
of $100 million USD. Tel. 859 595 6251
- Pernod Ricard, Lebanon – Greenfield Development - Contractor: [email protected]
Clayco - Powered by Inter-County Energy - Local Economic Developer: www.DataIsPower.org
Brooklyn Leep – French-based Pernod Ricard plans a $250 million
bourbon distillery and visitor’s center for their Jefferson’s Bourbon label.
63. FDI ALLIANCE INTERNATIONAL
STATE OF
MISSISSIPPI
Mississippi is Known For being the birthplace of airports and broadband. Grasping the strengths
American blues music and home to many talented in tourism, agriculture, forestry and aerospace. In
musicians. It is also famous for its fertile soil, which 2022, MDA, the Golden Triangle Development
makes it an agricultural powerhouse, as well as for LINK and Lowndes County secured the largest
its catfish farming industry. corporate investment to date in Mississippi as
Steel Dynamics announced plans to expand its
Mississippi is committed to expanding it’s growing campus in Columbus. Steel Dynamics will invest
enterprises and attracting new business through $2.5 billion to create an aluminum flat roll mill
it’s infrastructures, investments and cultivating a and biocarbon solutions plant, which will create
positive business climate. This is a testament to 1,000 jobs in the Golden Triangle areas.
how dedicated Mississippi is in building a thriving
economy. Under Governor Tate Reeves, Mississippi Mississippi remain competitive, speed to the
has attracted more than $6 billion in new capital market is a top priority for companies. With the
GOVERNOR TATE REEVES investment and recorded the lowest unemployment support of Governor Reeves and the Legislature,
rate in the history of the state. Mississippi has attracted Mississippi Development Authority will invest
Mississippi, constituent state of the United States of projects ranging from automotive manufacturing to more than $81 million by the beginning of
America. Its name derives from a Native American space-related industry. 2024 to prepare industrial sites state wide.
word meaning “great waters” or “father of waters.” So companies can turn dirt once they have
Mississippi became the 20th state of the union Mississippi have supported numerous businesses chosen the perfect Mississippi location. Since
in 1817. Jackson is the state capital. Mississippi is with resources, including training and technical the inception of the Site Development Grant
smaller than most of the U.S. states and is bounded assistance, to help them grow and compete in global Program, MDA has invested in more than 50
on the north by Tennessee, on the east by Alabama, markets. They have promoted the outstanding sites, like the Madison County Mega Site, which
on the south by Louisiana and the Gulf of Mexico, quality of life and tourist attractions in their small has received funds for road extensions and other
and on the west by Louisiana and Arkansas. towns, through a campaign that helped increase infrastructure projects while gaining several new
Mississippi is naturally well suited to agriculture; its visitor spending to $7 billion in the last fiscal year. businesses, including Amazon and the recently
soil is rich and deep, and its landscape is laced with Mississippi is developing their roads, bridges, ports, announced Clark Beverage Group.
many rivers.
64. FDI ALLIANCE INTERNATIONAL
LOS ANGELES 20 & 21 SEPTEMPER 2023
LONDON 22 & 23 NOVEMBER 2023
MIAMI 6 & 7 MARCH 2024
2023
ा Tamika where is Hinds County better). This resource supplies both new and advantages in Hinds County because of its
located? expanding businesses with the talent and convenient location. Hind County is located at
Hinds County, Mississippi is centrally located labor they need. Home to seven colleges the intersection of two major U.S. interstates:
at the crossroads of the Southern United and universities, the County benefits from Interstate 55, which runs north and south,
States of America. Home to the state of a well-educated workforce. With a friendly and Interstate 20, which runs east and west.
Mississippi’s capital city, Jackson, it is situated business climate, flexible state incentives, From Hinds County, any product can reach
along U.S. Interstate 55 between Memphis, local abatements, and a strong and talented 80 percent of the U.S. population within a
Tennessee and New Orleans, Louisiana as workforce, Hinds County, Mississippi is a day’s drive or less. Interstate 20 connects
a North-South Corridor. Hinds County also premier location for investment. South Carolina to Texas and Interstate 55
is located on Interstate 20, the East-West connects Chicago, Illinois to New Orleans,
Corridor between Atlanta, Georgia, and ा What are the leading industry sectors Louisiana. The Jackson Metropolitan area also
Dallas, Texas. in the Hinds County? Which sectors has the state’s largest international airport
do you see rapidly growing in 2024 and a world-class cargo facility. The airport
and beyond? offers abundant options for development, so
ा Briefly describe the programs and
incentives in place to assist company The Hinds County Economic Development locating a new cargo facility could be done
start-ups and business expansion. Authority target industry sectors are healthcare, with ease. If access to rail or water is needed,
aviation, distribution, logistics, data centers, Hinds County offers plenty of options. We
The Hinds County Economic Development have two Class I rail companies serving
Authority is a strong conduit connecting automotive manufacturers/suppliers, and markets across the United States, and we
resources to business so they can thrive. alternative energy generation. Distribution and are only a 40-minute drive away from the
HCEDA works hand in hand with the logistics companies routinely find competitive
Mississippi Development Authority, which
is the state’s leading economic development
agency, to assist new and existing industries
meet their needs. The state of Mississippi also
offers a streamlined and efficient regulatory
environment and has been named as one of
the top 10 most favorable environments in the
United States. Businesses thrive here thanks
to our high-value incentive programs. HCEDA
supports county and city level abatement of
property taxes for new businesses locating
to Hinds County, Mississippi. Although
financial incentives can be an important
location decision factor, most companies
focus more on the availability and trainability
of the region’s labor market. Hinds County is
the only county in Mississippi with a county-
wide workforce nexus (what is a workforce
nexus? It might be helpful to explain this
66. FDI ALLIANCE INTERNATIONAL
diverse FDI mix, with industries headquartered
in Australia, Canada, France, Ireland,
Germany, Luxemborg, and Mexico – all
located here. Currently, Germany is our
largest investor by country because of the
presence of Continental Tire. Furthermore,
the Executive Director of HCEDA, Tamika
Jenkins, speaks conversational German,
making the county well suited for attracting
additional German investment. Foreign Direct
Investment is of great interest to HCEDA and
the Authority would be happy to speak with
companies from around the globe who are
interested in entering our growing region.
ा What can we expect to see from Hinds
County in the next 12 months? Can
you share any projects announced
in your community in the last 12
months?
Over the next year, Hinds County will be
engaging with partners and implementing a
new strategic plan. Within the last 12 months,
Hinds County was fortunate to land a new
retail project and two new industrial projects.
Berk Enterprises and Amazon choose to open
Port of Vicksburg, which is the 15th largest Houston, Texas, Washington, DC, and
inland port in the country. Charlotte, North Carolina. industrial facilities in Jackson, Mississippi.
Tractor Supply and many restaurants choose
Byram, Mississippi as their new home. Hinds
ा Tamika, what key factors make Hinds ा How affordable is the cost of living County, Mississippi truly is a place where
County a great location for business? in your community compared with families can live, work, and play. Check
Focus on well trained workforce, other cities in Mississippi and the
operating cost and transportation/ United States? us out at www.selecthinds.com for more
infrastructure. information.
Hinds County offers a low cost of living
The Hinds County Economic Development with an index of 85, ensuring residents
Authority is constantly working to make the enjoy a great quality of life. Our businesses
business climate as supportive as possible. and residents enjoy low business costs and
Not only does Hinds County have a strategic housing prices that are 40% lower than the
physical location, but the county also has the national average, which means their money
highest number of colleges and universities in stretches further here. Mississippi consistently
any one county in Mississippi. Approximately ranks in the top 10 states for overall cost of
31 percent of the population holds a doing business.
bachelor's degree or higher and the high
school graduation rate is 88 percent. Jackson ा Where would you like to see more ANGELIQUE RAWLS
State University, Belhaven University, University international investment come from
of Mississippi Medical Center, Millsaps in Hinds County? Executive Vice President
College, Tougaloo College, Mississippi HCEDA is open to all foreign direct investment
College, and Hinds Community College all from companies looking to locate in Hinds Greater Jackson Chamber
are located in Hinds County and collectively County, Mississippi. The county currently has a Partnership
produce over 10,000 industry-recognized
M
awards, certificates, and degrees annually. 212 N. Congress Street | Jackson, MS
When it comes to workforce training, Hinds 39201
Community College, the largest two-year N
institution in the state, delivers affordable Office: 601.948.7575, ext. 260
and customizable workforce training across E
industry sectors. Top training programs for [email protected]
D
the college include advanced manufacturing, greaterjacksonpartnership.com
coding, and commercial driver’s licenses
which support our growing transportation and
logistics sector. Hinds County is also easily
accessible to foreign executives needing to
travel here for business. There is a quick,
50-minute flight from Atlanta, Georgia, which
is the world’s largest airport. Additionally,
the airport has direct flights to Dallas and
67. FDI ALLIANCE INTERNATIONAL
Global mapping and locational intelligence leader Esri has located a key new office in downtown St. Louis’ newest Innovation District, the Downtown North Insight District.
ST. LOUIS GEOSPATIAL HUB CONTINUES TO EMERGE
WITH Esri, GENERAL DYNAMICS, MAXAR, BALL AEROSPACE, T-KARTOR USA AND
WESTWAY EACH LOCATING IN NEW INNOVATION DISTRICT
In keeping with the theme of this edition of FDI Alliance International I contended that this 4th Industrial Revolution is revolving substantially
Magazine, “Locations of the Future,” this article focuses on both a around the disciplines and capacities inherent in the Geospatial Intelligence
“Location of the Future,” as well as “An Industry for the Future” --- namely, (GEOINT) sector, including ai.
St. Louis and the Geospatial Intelligence sector.
Quantifying this rapidly growing sector, Geospatial World’s “2023 Global
Emerging industry sectors for investors, site selection executives, economic Geospatial Industry Outlook” noted that the diverse segments of the
developers, and startup entrepreneurs in cities have evolved over the years growing worldwide geospatial industry are expected to grow to over
--- from IT and Tech in the 90’s and early 2000’s; to Plant, Life Sciences $1.3-trillion and have an aggregate economic impact of $30-trillion by
and Biotech in the first two decades of the 2000’s; to today, the emerging 2030.
Geospatial Intelligence sector.
In a FDI Alliance International Magazine article earlier this year, I
referenced this evolution, in part, of “The 4th Industrial Revolution” ---
citing World Economic Forum Founder and Chairman Klaus Schwab’s
description of this “Fourth Industrial Revolution: What is Means, How to
Respond.”
Schwab, “We stand on the brink of a technological revolution that will
fundamentally alter the way we live, work, and relate to one another. In
its scale, scope, and complexity, the transformation will be unlike anything
humankind has experienced before. Its velocity, scope, systems impact,
evolution at an exponential pace, and the fact that this 4th Industrial
Revolution is disrupting almost every industry in every country.”
68. FDI ALLIANCE INTERNATIONAL
The new 18-square block Downtown North Innovation District in downtown St. Louis runs along North Tucker Blvd, and east/west along Washington Avenue.
Today, cities and regions – including St. Louis --- are actively pursuing their Deco Globe Building, dubbed:
opportunities and unique strengths to grow their economies, to expand “The High-Tech Castle”
and attract companies, and to support entrepreneurial development and Geospatial World Magazine | Richard C.D. Fleming | 2022
talent in this emerging Geospatial Intelligence sector. https://www.geospatialworld.net/prime/business-and-industry-trends/
the-high-tech-castle/
By way of ongoing St. Louis GEOINT progress --- Redlands, California-
based global mapping and locational intelligence leader Esri recently Complementing these Geospatial Intelligence firms, Westway Enterprises,
announced a key move to the 720,000 square foot Globe Building in St. LLC, also recently opened a 75,000 square foot multi-tenant SCIF
Louis’s recently-created Downtown North Insight Innovation District. (Sensitive Compartmented Information Facility) in The Globe Building as
well. The new SCIF is just one of three such facilities in the US (the other two
Regarding GEOINT in St. Louis, Esri’s Director for National Government being in the Washington, DC).
Patty Mims noted, “There is really no place in the United States or the
world that has the enthusiasm, dedication, and interest in developing a
geospatial community than St. Louis.”
With regard to the defense portion of the GEOINT industry, St. Louis will
soon be home to the new $1.75-billion headquarters for the National
Geospatial Intelligence Administration (NGA) on a 100-acre campus, just
blocks north from the Downtown North Insight District. The 3,100-job new
St. Louis NGA HQ will open in the first quarter of 2026.
Further, The Globe’s and the Downtown North District’s proximity to NGA’s
new HQ campus are other unique locational and economic development
advantages, and have already helped lure other top national and
international geospatial companies to locate at The Globe in downtown
St. Louis in addition to Esri – firms such as General Dynamics, MAXAR, Ball
Aerospace, and the US HQ of Sweden-based T-Kartor have each “planted
their flags” in the high-tech renovation of the 720,000 square foot Art
69. FDI ALLIANCE INTERNATIONAL
With a recently-built major high-tech office in The Globe Building in St. Louis, MAXAR is a global leader in space infrastructure and geospatial intelligence.
Since the landmark federal site selection decision in 2016 to locate NGA’s NGA Director Vice Admiral Frank Whitworth delivered the opening
new campus in North St. Louis, area public and private sector leaders keynote at the Symposium, noting, “St. Louis is the place to be if you want
have: to position yourself at the future of GEOINT.” National Public Radio St.
Louis affiliate carried an online headline summarizing the NGA Director’s
keynote address,“St. Louis’ New Geospatial Identity Is Emerging, And
• Moved forward with necessary land acquisition and construction People Across The Country Are Noticing.”
of the 100-acre, $1.75-billion NGA-St. Louis campus, now on
schedule for opening in the first quarter of 2026; Describing the diverse nature of St. Louis’ emerging Geospatial Intelligence
• Established St. Louis’ newest Innovation District, just blocks from sector, GEOINT leader Keith Masback, the decade-long CEO of USGIF,
NGA’s new HQ; now an angel investor and international geospatial advisor posited, “At the
• Undertaken the high-tech adaptive reuse renovations of The Globe very heart of the origin of the term ‘geospatial intelligence’ was a vision to
Building and The Post Building (the 226,000 sq. ft. historic former achieve powerful synergies by combining remote sensing, geospatial data
HQ of the St. Louis Post-Dispatch (built to house 1,400 employees of and information, data analysis, and data visualization.”
global FinTech leader, Square (now BLOCK);
• Recruited and built the 75,000 square foot multi-tenant SCIF at The
Globe Building (one of only three such facilities in the US);
• Created the new Taylor Geospatial Institute, joining 8 midwestern
research institutions and universities in a unique consortium, led
by St. Louis University, to pursue broad-gauged strategic applied
GEOINT research (and recently named world-renowned geospatial
leader, Nadine Alameh, Pd.D. as its inaugural Executive Director);
• Established a variety of GEOINT Talent Initiatives — focusing on
K-12 to under- graduate and graduate level talent development;
and,
• Continued the growth of the T-Rex Incubator for start-ups, as well as
their recruitment of NGA’s “Moon Shot Labs).
• This past May, St. Louis once again hosted the annual Symposium of
the U.S. Geospatial Intelligence Foundation (USGIF), which attracted
over 4,000 public and private national international GEOINT
leaders.
70. FDI ALLIANCE INTERNATIONAL
NGA Director Admiral Frank Whitworth keynotes 2023 USGIF annual Symposium in St. Louis.
From a location and site selection perspective, the evolving Geospatial • Education is a Priority,
Intelligence sector --- along with its Plant & Life Sciences, FinTech, Advanced • Attractive Big Cities,
Manufacturing, and Transportation/Logistics/Distribution industry sectors • Variety of Weather,
--- each sector faces a fierce competition for talent. In this context, “place” • “Food Is To Die For,”
and “quality of life” have become critical bottom line business and • Locally Brewed Beer,
economic development factors in site selection. • The Vibrant Cultural Scenes,
• The Magnificent State & Amusement Parks,
• The Lakes (and other Water Amenities)
In this regard, both employers and their employees are increasingly • High Spirited Places,
benefiting from the growing attraction of Midwestern cities and regions to • Die Hard Sports Fans, and
site selectors, investors, individual talent, and entrepreneurs. • Fashion on Point, among others.
As noted in the article, “15 Reasons to Move to the Midwest in 2023” in So, from this relatively new industry sector perspective, and a talent
Moving Astute Magazine in February 2023: recruitment and retention perspective --- St. Louis is aspiring to become
a Global Geospatial Intelligence Hub, and has a number of unique
“There’s no denying that the Midwest is home to some of America’s most locational advantages in that pursuit.
beloved and iconic cities – each of which has its own unique history and
charm. If you live in the region, you’ll have access to all that these incredible In conclusion, whether you’re a site selection executive, an investor, a
places have to offer. Several iconic midwestern cities include Chicago, GEOINT company considering expansion or relocation, or a talented
IL, Minneapolis, MN, Kansas City, MO, Indianapolis, IN, Omaha, NE, Geospatial individual – take a close look at St. Louis.
Detroit, MI, St. Louis, MO, and Milwaukee, WI. Whether it’s a world-class
museum or a Michelin-star restaurant…”
RICHARD C.D. FLEMING
Factors cited in multiple recent national rankings and surveys, point out CEO, Community Development Ventures, Inc.
CORTEX Innovation Community
that the Mid West Region in the US has become a growing “destination CIC@4220 Duncan Avenue
of choice,” for both employers and talent, due to such competitive
advantages as: [email protected]
• Diverse Geography, @Dick_Fleming on Twitter
• Affordability,
71. FDI ALLIANCE INTERNATIONAL
LOCATIONS
Location, location, location – it’s a critical decision-making factor that INFRASTRUCTURE
we’ve heard of throughout our lives - whether it’s where to look for a Solid and reliable utilities- water, sewer, and power supply are must haves.
new home or where to locate a business. How are the roads and the ease of transportation for your employees? Do
In the global marketplace, and with the world wide web and AI forever you need access to an airport with international flights? Do you need to
changing the game in terms of requirements for making this all-important be near a seaport? How close do you need to be to any of these? What
decision, the factors that will come to bear for the future have changed about proximity to suppliers? Your business model and operational needs
in a myriad of aspects. must take these various infrastructural aspects into consideration. On a
related note, what are the government and regulatory environments and
Here are some key factors, fundamental today and beyond, that will be how might they impact your business?
considered by decision makers with a future forward vision:
QUALITY OF LIFE
DEMOGRAPHICS More than ever before, the workforce is looking for quality of life – both
Clearly understanding your target market is vital. When researching inside and outside of the company. What does a particular location offer
business locations, consideration must be given to whether proximity to in terms of lifestyle, affordability, educational opportunities, recreation,
them will make a difference as to whether they do business with you. Do cultural offerings, and social connections? The higher, and happier, the
they expect a certain level of service in terms of in-person access? Will quality of life offerings in any particular area- including those that are
delivery time make a big difference on a regular basis? On a related supported by the company internally-result in a more dedicated, loyal,
point, where are your competitors located and should that play a role and productive workforce, and that results in sustainable success.
in location decisions?
CULTURE
RECRUITING Having a keen understanding of the culture of an area plays an important
Will you have access to a qualified and ready-to-skill-up labor force that role in terms of ensuring a good ‘fit for purpose’ for the company and its
needs to be on site? What about a pool of senior professionals ready for employees. Research is critical to discover and have a keen awareness of
leadership in your company? What about access to educational institutions such factors as general attitudes toward work, standard time management
for ongoing employee development? Work force availability- virtually and practices, and business relationships, not to mention customs concerning
in-person- along with human capital development platforms will continue formal and informal communication styles and protocols.
to be an important consideration, even though the world is moving to
more remote workers and hybrid working models. The need to not just Strategic decisions in terms of deciding on the best location for any
recruit but retain employees may face more and different challenges and particular type of business depend on the needs of internal and external
offering ongoing professional development to employees will be a key stakeholders, the current and envisioned size of the business, as well as
factor in ensuring a committed and productive workforce. the short-, mid-, and long-term goals of the enterprise.
72. FDI ALLIANCE INTERNATIONAL
Overall, thinking strategically about the best business locations
for the future is comprised of several additional factors:
• Availability to high-end technology- This is nothing short of
critical no matter if you have a remote or hybrid workforce, or are
a majority brick and mortar retailers, manufacturer, or vendor.
• Operational overhead- Make certain to research all cost
information, especially hidden and future costs of doing
business.
• Access to suppliers- Can they meet your needs in the location
without problems?
• Tax incentives- What’s available from the local, state, provincial,
and national governments?
• Security -Onsite and online-can you ensure proper safety and
comfort for the employees and shore up IT security to reduce
hacking risk?
• Marketing opportunities-What are channels available to connect
with your target markets?
• Brand awareness-How will you maintain and grow your visibility
and reputation with your target clients, customers, investors,
and other current and potential stakeholders?
Among the current locations ranking high in growth potential, online research • Bangalore, India: Bangalore, also known as the “Silicon Valley of
reports show these are among the most popular in the United States: India,” has emerged as a leading global tech hub. It offers a large
pool of highly skilled engineers, a supportive startup ecosystem,
• Austin, Texas: Known as the “Silicon Hills”, Austin has a and lower operating costs compared to other major cities.
thriving tech industry and a business-friendly environment.
• Dubai, UAE: With its strategic location between Europe,
• Nashville, Tennessee: With a growing healthcare industry and a vibrant Asia, and Africa, Dubai has become a major hub for trade
music scene, Nashville is becoming a popular destination for businesses. and business. Its tax advantages, ease of doing business,
and modern infrastructure have attracted a diverse range of
• Raleigh-Durham, North Carolina: Home to several prestigious industries, including finance, tourism, logistics, and technology.
universities and research centers, Raleigh-Durham has a
highly educated workforce and a strong technology sector. • Berlin, Germany: Berlin’s vibrant startup scene, favorable business
environment, and creative atmosphere have positioned it as a top
• Salt Lake City, Utah: With a low cost of living and a booming tech destination for business development. It offers access to talent, strong
industry, Salt Lake City is attracting entrepreneurs and startups. government support, and a central location within the European Union.
• Columbus, Ohio: With a diverse economy and a highly skilled The successful enterprises of the future will, at their foundation, be
workforce, Columbus is becoming a hub for technology and innovation. purpose driven and risk resilient.They will invest in their people and
build a diverse, inclusive employee culture- virtually and in-person- in
• Charlotte, North Carolina: Bustling banking and business center is terms of backgrounds, ethnicity, skills sets and innovative thinking. There
seeing a boom in technology and energy industries. will be a fundamental openness to new ideas and willingness to support
advancements in technology. Leadership will be values driven, personally
Looking globally, the online reports show there are a few geographic areas and in the business operations and offerings.
that are remaining and/or growing in popularity for business development:
While the need to make informed and visionary assessments on where
• Silicon Valley, USA: Silicon Valley has long been the global hub for best to locate a business will remain very important, future forward location
technology innovation and entrepreneurship. With access to leading decision making requires a keen understanding of what success looks
research institutions, venture capital, and a highly skilled workforce, like and how to achieve it in the digital and AI driven global marketplace.
this region continues to attract startups and tech giants alike.
• London, UK: London is known for its strong financial sector, cultural RONNIE L. BRYANT
diversity, and favorable business environment. It serves as a gateway to the PRINCIPAL | RONNIE L BRYANT, LLC
European market and offers access to a talented workforce, sophisticated
infrastructure, and an extensive network of global connection. [email protected]
• Shanghai, China: China’s economic growth and market potential
have made Shanghai a major commercial hub. Its strategic location, www.rlbryantllc.com
well-developed infrastructure, and government support for businesses 2215 Whitford Lane, Charlotte, NC 28210
have attracted multinational companies to establish a presence in
this dynamic city.
73. FDI ALLIANCE INTERNATIONAL
NORTH CAROLINA SHINES AS TOP BUSINESS DESTINATION
North Carolina had a milestone year in 2022, and it is only getting better! When considering an investment in the United States or nearshoring
In both 2022 and 2023, the state was ranked No.1 in CNBC’s Top State operations, both foreign companies and domestic firms have found North
for Business list, and Business Facilities awarded North Carolina its State of Carolina to be highly appealing. Some key factors which have made the
the Year Award in 2022. state so attractive to businesses, including VinFast, have been:
North Carolina had an impressive year for corporate investments, with • Low Cost of Doing Business: Business growth begins with lower taxes,
151 companies investing a record-breaking $15.58 billion in the state and at 2.5%, North Carolina has the nation’s most competitive tax
and announcing more than 27,000 new jobs, including 10,275 from 30 environment for businesses. The state has a proven track record of
foreign direct investment projects worth $5.21 billion. reducing and streamlining business taxes and, starting in 2025, the tax rate
will drop to 2.25% and decrease gradually until it reaches 0% in 2030.
The Economic Development Partnership of North Carolina (EDPNC) and its
partners have successfully closed new facility deals on 72 projects that are • Skilled Workforce and Talent Pipeline: North Carolina boasts an
expected to create over 22,000 jobs and generate more than $13 billion impressive array of vocationally trained workers and those with
in capital investment. Those projects were predominately in manufacturing, advanced degrees. Its pool of over 455,000 manufacturing employees
with one in every six projects in the automotive and electric vehicle industries, is the largest in the Southeast U.S., and its talent pipeline is full of roughly
followed by the food and beverage and life sciences industries. 2022 was 160,000 postsecondary degree and certificate recipients each year.
also the first year EDPNC started tracking clean energy industry-specific Additionally, it enrolls more than 570,000 students each year at the 58
projects, which comprised 6% of the total projects won. This is in addition community colleges statewide, offering some of the most comprehensive
to the record year the life sciences sector had, which included new or and advanced vocational and technical programs in the U.S.
expanded facilities that will bring more than $2.1 billion in investment and
over 2,404 new jobs to North Carolina. • Customized Workforce Training: North Carolina is investing in the future
of its workforce by financing workforce training programs like NCWorks,
VinFast, a Vietnamese electric vehicle and battery company, announced a free, customized job training and recruiting program for new and
it is bringing its first North American automotive assembly and battery expanding businesses. NCWorks, developed jointly by the North
manufacturing plant to North Carolina, strengthening North Carolina’s Carolina Community College System (NCCCS) and North Carolina’s
position as a leader in the nation’s growing, clean energy economy. The Department of Commerce, offers comprehensive training support
company plans to invest $4 billion and create 7,500 jobs in Chatham ranging from NCCCS’s extensive catalog of established programs
County, making this the largest economic development project in North to customized curriculum tailored to address specific business needs.
Carolina’s history.
74. FDI ALLIANCE INTERNATIONAL
• Infrastructure: North Carolina’s prime location on the eastern • Toyota announced that it would build its first North American battery
seaboard means that almost half of the U.S. population is within a manufacturing plant in Greensboro, North Carolina creating at
day’s drive. The state also boasts four international airports, two least 1,750 jobs. The Japanese company will invest $5.9 billion at
deepwater seaports, and a reliable rail system that only adds to its the Greensboro-Randolph Megasite. With additional Toyota suppliers
impressive supply chain benefits. Furthermore, North Carolina has expected in town, the project is estimated to increase the state’s
made significant investments in infrastructure development, including economy by at least $9.5 billion over 20 years.
transportation and logistics networks and broadband connectivity. If
access is what you need, you can get anywhere from North Carolina. • Believer Meats, an Israeli advanced food production company,
announced it will create 100 new jobs in Wilson County and will invest
more than $123 million in Wilson, North Carolina, to establish the
• Quality of Life: From incredible geography to top-tier universities and
plenty of cultural and sporting events, there’s much to explore in North company’s first major investment in the United States. Believer Meats
Carolina. Here, opportunities to learn, grow and recharge are served is an advanced food production operation closely aligned with the
seven days a week. The state has attractive urban centers, such as biotech industry that will incorporate innovative, healthy, ethical, and
Charlotte and Raleigh, which provide cultural amenities, entertainment eco-friendly processes to produce cultivated meat.
options and a high standard of living. North Carolina’s coastal areas • Siemens Mobility, a global manufacturer of rail transportation vehicles
and scenic mountains also make it an attractive location for outdoor and control systems, announced it will build a major advanced
enthusiasts. manufacturing and rail services center in Davidson County, creating
506 jobs. The German company will invest $220 million in Lexington,
And these attributes are not just serving one sector but all of North Carolina’s creating a new carbon-neutral facility that will serve the company’s
key industries, most notably aerospace, automotive, food manufacturing East Coast markets.
and information technology, as well as life sciences, corporate headquarters,
financial services and more. Like VinFast, other foreign-based companies By successfully implementing business-friendly policies and as a leading
have chosen North Carolina as the location for their latest project. Notable state for business, North Carolina continues to be a promising location for
examples include: future economic growth.
CHRISTOPHER CHUNG
Christopher Chung has been the Chief Executive Officer of The Economic Development Partnership of
North Carolina since 2015, bringing nearly 22 years of state-level economic development experience to this
role. His, and the EDPNC, mission is to help advance the economic interests of North Carolina's people
and communities, primarily through our organization's success in new business recruitment, existing business
expansion, international trade and export assistance, small business start-up counseling, and tourism, sports,
and film promotion.
75. FDI ALLIANCE INTERNATIONAL
STATE OF
PENNSYLVANIA
Office of International Business Development business development, the state offers locally
has customizable services to help international based technical assistance in grants. Also
companies looking to locate or expand their available is the Manufacturing PA Industrial
business. Some of the services available include: Resource Centers which are state funded. The
helping with setting up a U.S. business entity, purpose of the Resource canters is to introduce
identifying and visiting business sites, workforce small and medium-sized manufacturers to new
and financial assistance through grants, low business processes.
interest loans, tax credits as well as job training.
Another major industry that is worth mentioning,
There are over 5,200 foreign owned firms that have is the agricultural industry. Some of the top
business operations within the state of Pennsylvania. products in this industry are dairy products,
A few of the countries that are leading in foreign cattle and calves, greenhouse and nursery
investment are the United Kingdom, Germany, products, mushrooms and chicken eggs.
GOVERNOR JOSH SHAPIRO France, Switzerland, Canada and Japan.
One of the largest employers in the state is the
Pennsylvania borders Delaware, Maryland, West Pennsylvania has three major ports. These include, the University of Pittsburgh medical centre. It operates
Virginia, Ohio, New York, New Jersey as well as ports of Philadelphia, Pittsburgh and Erie. There are over 40 academic, community and specialty hospitals,
Lake Erie and the Canadian province of Ontario. It is 67 million tons of goods moved through its ports and 700 doctor’s offices and outpatient sites.
also known as the keystone state, is a state spanning a ranking of 12th in the country for volume. The three
the Mid-Atlantic, North-eastern and Appalachian ports have a combined economic benefit of nearly There are several benefits such as educational
regions of the United States. $50 billion. Also offered is a Foreign Trade Zone (FTZ) opportunities, highly ranked universities, a low
program which helps improve competitive placement cost of living, beautiful landscapes, the arts, water
There are many programs available for international by the reduction of cost of U.S. operations. This program sports, recreational activities and low crime rates.
funding, grants, loans and tax credits. There also allows delayed or reduced duty payments on This makes Pennsylvania a wonderful location for
are many different agencies in the business foreign merchandise. improved quality of life. With so many resources
development area. They work together with the for foreign businesses, tax programs, grants
Governor’s Action Team (GAT) for developing a Workforce development offers financial and and loans it’s a state that offers many benefits to
financial incentives program. The Pennsylvania technical assistance for employers. To help with businesses.
76. FDI ALLIANCE INTERNATIONAL
You’ve heard the old adage about the million gallons per day in excess water and highways and railroads that crisscross the
essential factors for success in any real sewer capacity — for industries, and gives region, as well as the easily accessible Erie
estate venture: Location, location, location. Erie one of only two 1,000-foot dry docks International Airport.
on the Great Lakes.
But when it comes to choosing a site for A LOCATION WITH ASSETS YOU
your business, there is one location — Erie, Erie’s location in northwestern Pennsylvania ा NEED
Pennsylvania — that fits all your needs. puts local businesses within a day’s drive
of half of North America, and within eight Erie has a proud manufacturing legacy — it
A location geographically positioned to aid hours’ drive to major hubs like Chicago, was here that companies like Hammermill
business logistics and create a unique quality New York, and Toronto — and, importantly, Paper, GE, Lord Corp., and others perfected
of life for residents? Check. opens doors to 80 percent of consumers in their products and became titans of industry.
the continental United States. This logistics Later, Erie became a hub of plastics innovation
A location with diverse industries, a built advantage is aided by the major interstate — a natural fit for northwestern Pennsylvania,
environment, and a skilled workforce ready
to help your business grow? Check.
And a location with a nurturing economic
development ecosystem that supports new
or expanding businesses through a unique
public-private-philanthropic partnership?
Check.
ा A PRIME GEOGRAPHIC LOCATION
Erie is situated on the shores of its namesake
lake — and is Pennsylvania’s only port on
the Great Lakes.
Lake Erie is more than a scenic backdrop to
our community (though it serves our residents
well, providing year-round recreation and
unparalleled quality of life). The lake is
also a vital factor in the region’s economic
success. It supplies abundant water — 36
78. FDI ALLIANCE INTERNATIONAL
documents and the research of acclaimed
urban policy expert and Brookings Institute
scholar Bruce Katz.
Guided by a community-endorsed blueprint,
Infinite Erie is working to leverage local,
state, and federal funds — including a
healthy share of billions in post-COVID
relief funds being distributed — to shore up
economic development, enhance businesses
and industries, and expand opportunities for
investment-ready projects. With an initial
$5million in seed money, Infinite Erie will
leverage those funds and others to ensure
ready-to-invest projects that contribute to
equitable and sustainable economic growth
are successful.
the historic home of the petroleum industry — Opportunities abound for a great many ा What does this effort mean for you
and nurtured non-manufacturing enterprises businesses to thrive in and adjacent to these and your business?
like Erie Insurance and higher education. sectors. To that end, Erie remains well- Working hand-in-glove with economic
positioned to accommodate the emerging development agencies like the Erie County
Today, those legacies remain strong. Consider: needs of the new economy — thanks to Redevelopment Authority, Infinite Erie is
unprecedented investment, both public and
ࣿ With a 2.0 manufacturing location private, in the city’s built environment. positioning our community to secure public
quotient, Erie maintains a greater percent and private funding — the kind of capital that
of labor in manufacturing than in the One of the most visible signs of such progress could help business owners launch, expand,
nation or the state. comes along the city’s primary corridor, or relocate their companies.
ࣿ Erie continues to be a leader in plastics an aging homage to manufacturers past. Erie’s manufacturing legacy is a strong one,
innovation, with industry-leading training Thanks to a $100 million investment, the but its future is what we are most excited
and research at Penn State Behrend. factories of old are being transformed into about. With innovative investments, unique
high-quality, tech-ready, built-to-suit spaces
ࣿ Erie Insurance, a Fortune 500 corporation for new businesses. public-private partnerships, and a supportive
with thousands of employees, is leading economic development network, Erie’s
our downtown renaissance. possibilities are infinite.
Elsewhere, a new 200-acre business park —
ࣿ Erie’s long-time higher-education situated just minutes from a major highway
stalwarts — four universities and the — is under development to meet the demands
largest medical school in the nation — of the growing business and manufacturing
are joined by two community colleges sectors.
that offer training for in-demand fields.
ा A LOCATION WHERE YOUR
Erie’s legacy industries are nimbly evolving BUSINESS CAN THRIVE
into the industries of the future. We’re confident that Erie has the location
and assets to help a business succeed. But
Erie’s manufacturing is now advanced, smart, more than those factors, there’s one more
and lean, with a new generation of skilled key element we offer: Collaboration.
workers. These workers carry with them the
legacy of generations of foundry laborers and All of Erie’s assets — prime geographic TINA M. MENGINE
tradesmen, and meld it with the high-tech location, innovative industries, skilled Chief Executive Officer
skills required in today’s enterprises. workforce, and business-ready properties
— are enhanced by a unique network of Erie County Redevelopment
Plastics technology is evolving from injection collaborative support that includes elected Authority
molding and additive operations to break leaders, economic development agencies,
ground in microplastic pollution and plastics community groups, and philanthropic M
recycling, new sectors in high demand. organizations. Together, we’ve created a 1314 Griswold Plaza - Erie,
PA 16501
public-private partnership that is unrivaled N
Erie Insurance doesn’t just remain a large in comparison. 814.480.0337 x 101 (o)
headquarters in Erie—it has sparked high- 814.434.9532 (m)
E
value industries like cybersecurity, data Called Infinite Erie, this unique alliance [email protected]
science, insurtech, and fintech. is designed to create tangible and D
transformational change and create an ecrda.net
And higher education has become a key environment where businesses can thrive
partner in supporting Erie’s emerging — through supportive guidance, financial
industries—like cybersecurity and plastics assistance, and dedicated advocacy. Infinite
innovation, as previously mentioned, but Erie is solely focused on implementing high-
also in biomedical research, sustainability, impact projects that benefit the Erie community.
and entrepreneurial support. It’s the natural evolution of several planning
79. FDI ALLIANCE INTERNATIONAL
Water Troughs and Locations of the Future
A couple of years ago, I was working with negative comments and attitudes about “just be a good location to live, work, play and do
the economic development committee in doing pretty things”. It was disheartening when business in the future, if it’s not meeting the
a rural community. The group was working they had more planned. The committee lost needs of those who are already there today?
on reenergizing its efforts post-Covid and the interest in doing anything, figuring they would
discussion began focusing on the downtown, only get negativity and the entire downtown While every community is different, I do see
a historic era square anchored by the county effort ground to a halt. similar issues that come up frequently. There
courthouse. The committee members talked are also regional and national trends that
about the several derelict buildings as well as This story is not specifically about trough planters are driving where job opportunities exist now,
others that were vacant. Overall, they agreed and locations of the future, but about what where they are going and where people want
the downtown was not in good shape and not separates communities that want to improve to live and how communities can respond. For
a place where new businesses, residents and from those that will decline if they aren’t already. communities that want to thrive, here are a few
visitors would want to spend much time. While It’s about leadership, from local government, of those common ideas.
discussing the long-term efforts to clean up and to schools, to businesses and organizations
fix up the buildings, the committee members (including chambers of commerce and Reclaim the heart of your city or town. There is
decided they wanted to do something immediate economic development entities) that are positive absolutely nothing unique about national and
to improve the appearance and begin changing about taking action, even small steps, rather than regional chair retailers and restaurants. What
the perception of downtown. The members crushing new ideas with negativity and inertia. makes a community unique is reclaiming (or
agreed on using livestock water troughs as enhancing for those already underway) the
planters around the square. It’s about listening first. If a community’s downtown. Make it a place where people want
leadership is not listening to the needs and wants to be. Water trough planters may be simple,
They noted the troughs fit the rural nature of the of its current residents, businesses, social service but cities and businesses that have good streets,
community, they were inexpensive, could easily organizations, the students who will be the next sidewalks, lighting and an attractive, welcoming
be painted with the town logo and had small generation workforce and others, how can it set appearance are headed in the right direction. In
footprints that wouldn’t block the sidewalks. The and prioritize actions? I tell my clients it is critically some communities, historic era buildings were
committee members left the meeting enthusiastic important to get input from these stakeholders neglected long enough to fall in. Rather then
about getting this project underway. And then, before developing plans and strategies. People a weedy lot, those space can become pocket
nothing. are willing to tell you what they like. They will also parks, with tables and chairs, shade and even
tell you how they wish it could be better. Thinking an outdoor venue for adjoining businesses and/
When I followed up a few weeks later, committee about ways to meet those needs is always a good or community events. And make sure there are
members told me they were surprised by the first step. Bluntly, how is a community going to always events. Many cities and towns do monthly
80. FDI ALLIANCE INTERNATIONAL
street events that support businesses that are Address housing needs. Availability and that. Frank Thompson, COO of Automated
there and also offer a venue for arts, crafts, food affordability of housing at all levels is becoming Technology Company LLC, a firm specializing
and entertainment. “People like locally owned the top issue for many communities, especially in smart city technologies, notes that midband
businesses, they prefer walkable places, they as it relates to the scope of mid-level housing 5G technology makes it “more feasible to get
value beauty, they appreciate historic buildings needed to keep and attract workforce. For many every house and small businesses connected to
and above all they seek to fill their lives with communities, vacant lots and derelict houses the internet with high-speed service”. Thompson
more quality”, Jeff Siegler, of Revitalize or Die, dot otherwise nice neighborhoods, impacting also notes other smart city technologies that can
a downtown and community consulting firm property values. Thos communities may want help small cities and rural areas. One is solar
pointed out in a recent article. to consider land banks, to acquire, cleanup powered, battery storage, light poles that also
and hold those properties for developers serve as wireless and camera towers. These can
Aggressively support entrepreneurs and small and individuals that want to build houses. provide lighting, wireless and security in parks, on
businesses. Encouraging small firms to start Some communities are using ARPA funds to trails and in other areas where running electric
and grow broadens the economic base and create housing repair programs as well as lines may not be the ideal choice. Regardless
provides jobs. These small firms also offer unique downpayment funds for qualifying first-time of the technology, its important communities
shopping and services that are responsive to the home buyers. Others have provided city act now while there is a lot of Federal funding
residents but may also find broader opportunities infrastructure extensions to help builders lower supporting broadband initiatives.
with visitors and on-line markets. Encouraging the cost of developing larger tracts, lowering the
and incentivizing entrepreneurs and small cost of the houses. These are just a few areas for communities
firms to locate downtown adds to the heart to consider as a starting point but listen to the
of the community. In addition, growing small Embrace the technology, now. High-speed residents, business and other stakeholders
businesses aids in attraction of firms according broadband internet connectivity is important first. Regardless, communities that want to be
to Martin Vanags of MartinKarl Consulting. for all communities, but critical for smaller locations of the future, places where current
“Supporting the formation, development, and cities and rural towns. It impacts the ability to residents want to stay and where people want
“scaling-up” of small businesses is the foundation keep businesses competitive, provide better to move, where businesses want to grow and
for attracting new business. No business wants education and training opportunities, improve locate, where there are good job opportunities
to move to a community where local leadership health care and help residents in their day to and a high quality of living have to act today
doesn’t pay attention to local business,” Vanags day lives. For years, the cost of fiber service has and every day to make it happen. The start may
points out. To support entrepreneurs and small been an obstacle to getting service to homes be as simple as water trough planters around
businesses, communities should consider and businesses. New technology is changing the square.
waiving taxes and providing building repair
funds. Communities have created revolving
loan funds and developed specific “going into
business 101” classes that help entrepreneurs
understand the basics of designing a business
plan. Utilizing under and unused buildings for
co-working spaces has shown success in helping
entrepreneurs grow in downtowns.
Build a better workforce, starting in high school
or earlier. Developing a stronger workforce is
critical for every community and should be a
key focus for those already employed as well
as the “next generation”. For many students,
there is the perception that opportunities are
somewhere else. In workforce assessments I
have done in rural areas, surveyed students
say the number one reason to leave is job
opportunities. But the number one reason to stay
is they like their family, friends and community.
That part seems obvious but it points out the
disconnect and lack of information students
have about career opportunities where they live.
Communities need to make greater efforts to ROB O’BRIAN,
connect businesses, and more specifically job CEcD O’Brian & Associates.
opportunities and what it takes to get them, to
students. Even those students that leave to go to Rob O’Brian served as President of the Joplin Area Chamber of Commerce
college may see an opportunity to come back for for twenty-three years. Rob founded O’Brian and Associates in early 2018
a job. And don’t forget to encourage students to to advise and assist communities on economic and workforce development.
think about starting their own firms. Providing [email protected]
classes on starting a small firm and even creating www.obrianassociates.com
opportunities for students to develop a business
concept may well lead them to being that next 417.438.0100
downtown firm.
81. FDI ALLIANCE INTERNATIONAL
STATE OF
SOUTH CAROLINA
the time. From the natural landscapes to world- Resort, South Carolina beaches compose a
renowned events. Steeped in history and tradition, landscape of unmatched beauty. Forty-seven
South Carolina offers a low cost of living and state parks, 14 major lakes and reservoirs and
unparalleled access to the US and travel abroad. more than 360 golf courses, South Carolina
People from around the world have recognized provides a diverse outdoor experience.
what our state has to offer— tourism brings in $19
billion per year. South Carolina has a highly reliable world
class Communications Network. This network
Geography is designed and engineered to meet the
From the foothills of the Appalachian Mountains to requirements of industry for wireless, high-
the 187 miles of Atlantic Ocean coastline, residents speed internet and voice service. Our state is
and visitors enjoy the outdoors, including leisure also home to many leaving computer-related
activities on the many rivers and lakes throughout companies. The ability to work with local experts
GOVERNOR HENRY MCMASTER the state. in the design, maintenance and outsourcing of
integrated computer systems is a necessity for
South Carolina is a southeastern U.S. state known Climate many businesses.
for its shoreline of subtropical beaches and marsh Our location on the eastern seaboard means warm
like sea islands. Coastal Charleston is a historic summers and mild winters. South Carolinians South Carolina is a right-to-work state. It has a
city, defined by pastel-colored houses, Old South enjoy outdoor activities year-round and businesses low unionization rate of only 2.6%. Therefore,
plantations and Fort Sumter, where the Civil War’s experience few weather-related interruptions. making this the lowest ranking in the US. The
opening shots were fired. To the north is the Grand state’s unionization rate for the private sector
Strand, a roughly 60-mile stretch of beachfront Recreation is only 1.5%. South Carolina makes an ideal
known for golf courses and the vacation town Myrtle South Carolina works hard, but also appreciate how location for any business due to it’s strong
Beach. to enjoy the moment. To some, that’s a memorable tourism, railroad transportation and shipping
fishing excursion; to others, it’s a rejuvenating bike logistics services. Other assets include, low
Quality of Life ride on the beach. Whether it’s the iconic Myrtle energy costs with multiple energy sources,
Appreciating a beautiful day is a favorite South Beach Grand Strand, the white-sand shores of knowledge based economy, communications
Carolina past time and it is beautiful most all Hunting Island or the Lowcountry’s Kiawah Island network and work force services.
83. FDI ALLIANCE INTERNATIONAL
WESTERN SWITZERLAND
WHERE COLLABORATION IS THE KEY TO A ROBUST LIFE SCIENCE SECTOR
Western Switzerland boasts a deep talent pool — a crucial factor for companies
BioAlps offers a dynamic network, an innovative and supportive looking to establish themselves in the region. The region’s high quality of life has
environment and immediate access to the life science industry attracted skilled foreign workers, and its educational system is highly efficient in
of Western Switzerland … a key reason why this mountainous producing STEM undergraduate and graduate students who are well-trained in
nation at the center of Europe is an ideal location for future life laboratory work. Additionally, the emergence of university spinoffs in the region has
science investments. been successful, with some achieving unicorn status or being listed on the NASDAQ.
By Thomas Bohn, CEO of Greater Geneva Bern area (GGBa) Incyte, a global biopharmaceutical company, is a prime example of a company that
and Antoine Geissbuhler, president of BioAlps. has significantly benefited from the talent pool in the region. In 2020, the company
opened its second headquarters in Switzerland with 150 employees based in the
The European Innovative ScoreBoard highlights the importance of a country’s level area, and today it has over 400 employees. According to Jonathan Dickinson,
of innovation and entrepreneurship when it comes to life science companies selecting Incyte’s senior vice president and general manager for Europe, talent recruitment
a new R&D or manufacturing location. In 2021, Switzerland ranked first place as has been overwhelmingly easy and the key reason why Incyte has doubled down on
the clear innovation leader in Europe and one of the most innovative and diverse its Swiss investment with the expansion of its European HQ in Morges.
hubs globally in the pharma and biotech sectors. This can largely be attributed to
the country’s rich pharmaceutical heritage, strong infrastructure supporting industry Another notable example is Lonza. During the Covid-19 pandemic, the company
development and a Swiss tradition of collaboration. was able to generate 1,200 additional positions at its Visp site to produce Moderna’s
vaccine, thanks to the ample availability and training of talent in advanced therapies
manufacturing and the development of bioprocesses. This came after a 10-year
Switzerland stands out as the headquarters for 20% of all biotech companies in agreement with Moderna to provide ingredients for a potential annual production
Europe. With its over 1,000 life sciences companies — from cutting-edge startups of up to one billion doses of their Covid-19 vaccine worldwide, excluding the United
spun off from local universities to large multinationals such as CSL Behring, Takeda, States. This is a clear demonstration of the availability and training of talent in advanced
Lonza, Incyte and UCB — it’s not surprising that the Western part of Switzerland, therapies manufacturing and bioprocess development in Switzerland, which is thanks
which regroups the cantons of Geneva, Vaud, Valais, Neuchâtel, Bern and in part to the close collaboration between companies and local universities.
Fribourg, is today referred to as the “Health Valley.”
Switzerland’s advantageous trade agreements significantly contribute to the success
Switzerland’s biotech sector is thriving with record-breaking revenues of CHF 6.8 of its industry. The country has established free trade agreements with the EU/
billion (USD 7.5 billion) and fundraising of CHF 1.3 billion (USD 1.5 billion), as EFTA and an impressive count of 43 other partners. These agreements provide
revealed by the Swiss Biotech Report 2023. Despite global challenges, the industry companies in the region with unhindered access to highly lucrative markets. As a
has exhibited remarkable growth and resilience, contributing to over one-third of the result, the export of pharmaceutical and chemical products is facilitated, leading
country’s economic growth in the past decade and serving as a vital cornerstone of to substantial cost savings and promoting the efficient organization of cross-border
the Swiss economy with approximately 47,000 employees. value chains.
84. FDI ALLIANCE INTERNATIONAL
In addition to the benefits of free trade, direct financial incentives further support This yearly event rotates among different cities within the region to showcase the
businesses operating within the industry cluster. Companies engaged in local ecosystems.
biomanufacturing activities are eligible for attractive financial incentives and tax
relief. Moreover, newly established companies can take advantage of an exemption BioAlps also hosts focused events called “4à6” — a series of networking events
from cantonal and municipal taxes on both profits and capital for up to a decade. that run from 4–6 p.m. specifically organized in each one of the seven cantons
These financial incentives create a favorable environment for businesses to thrive that make up Western Switzerland: Bern, Geneva, Fribourg, Jura, Neuchatel,
and encourage innovation and growth within the sector. Valais and Vaud. The event brings together major players in biotechnology and
medical technology, allowing them to visit and engage with companies, foster
The region’s excellent technology transfer infrastructure helps bridge the gap informal connections and deepen stakeholder understanding. Additionally, the
between academia and business. Through a network of high-quality technological association participates in trade shows and scientific events across Switzerland,
parks and incubators, innovative companies can flourish in Western Switzerland. Europe, America and Asia, actively promoting the region’s life sciences
In addition, the region offers comprehensive entrepreneurship coaching programs expertise and attracting attention from global players.
that cater to each stage of the company creation process and has led to the creation
of numerous startups each year. The cluster also offers valuable support to startups At the center of this collaboration is the Greater Geneva Bern area (GGBa).
through access to finance, legal counsel and R&D expertise. The investment promotion agency brings together the six cantons to provide
tailored services to foreign companies allowing them to get established
The environment for innovation in Western Switzerland is ripe with potential quickly and develop their activities in Western Switzerland. For companies
thanks to the above factors. They facilitate transforming cutting-edge research into in the life sciences sector, the agency provides comprehensive information
commercial products, support startup company development and draw in talented on the local scientific and corporate ecosystem, market opportunities and
foreign professionals. regulatory frameworks. It also facilitates introductions to key stakeholders,
such as academic and research institutions, potential business partners and
These advancements owe a great deal to the significant role played by BioAlps. government authorities. Since its creation in 2010, the GGBa has guided
This collaborative association was established in 2001 and brings together research hundreds of companies from around the world in launching their activities in
institutions, academia, startup companies and large multinationals to promote the region.
Western Switzerland as a world-class center for life sciences innovations and to foster
collaboration and growth. By connecting stakeholders, promoting partnerships and facilitating the translation
of academic research into practical commercial applications, BioAlps — through
BioAlps organizes various events and activities to facilitate stakeholder connections. its collaborative approach — and GGBa as a conduit to the Swiss business
Its flagship event is BioAlps Networking Day, an annual meeting that attracts over community are here to support integral to Western Switzerland’s transformation as a
300 key players from the region to share the latest life sciences trends and connect. premier destination for life science innovation.
ANTOINE GEISSBUHLER, THOMAS BOHN,
PRESIDENT, BIOALPS: CEO OF GREATER GENEVA BERN AREA:
Antoine Geissbuhler is a doctor specializing in medical Thomas has served as CEO of Greater Geneva Bern
informatics. He is also director of the Geneva University area (GGBa) for the past 13 years; an organization
Hospitals Innovation Center and head physician of the whose primary focus is to facilitate the establishment
eHealth and Telemedicine Service. He was elected and development of foreign companies in Western
President of BioAlps, Western Switzerland life sciences Switzerland.
cluster. Antoine Geissbuhler is University of Geneva’s
Vice-Rector for Digital Strategy and Innovation until 15
July 2023.
85. FDI ALLIANCE INTERNATIONAL
STATE OF
TEXAS
Texas is committed to maintaining its position as Texas’ 382 airports, including 26 commercial
the best state for business, and recently passed airports, make up the second-largest state airport
legislation providing over $4 billion in tax relief for system in the United States. The state’s two largest
businesses. Not to mention, Texas is home to one of airports, Dallas-Fort Worth International (DFW)
the largest, most competitive deal-closing funds in and George Bush Intercontinental in Houston
the nation, the Texas Enterprise Fund. (IAH), are major domestic and international
hubs.
Powered by nearly 50 Fortune 500 companies,
thousands of international and small businesses, Behind Texas’ strong economy are 48 Fortune
and a diverse, skilled workforce of 13.5 million, the 500 companies, including ExxonMobil, AT&T,
Texas economy is the 10th largest when compared Sysco and American Airlines, more than 1,400
to the nations of the world. foreign companies such as Toyota, BAE Systems,
Siemens and Shell Oil and 2.4 million small
GOVERNOR GREG ABBOTT Texas is also the country’s leading producer of oil, businesses.
natural gas, and sulfur. With solid economic growth
Texas is a West South Central state bordered by last year including a torrid 5.2 percent state GDP The Lone Star State continues to attract businesses
Oklahoma to the north, Louisiana to the East, and increase in the fourth quarter, Texas is one of the and workers from across the nation and around
Mexico to the south. It is the second most populous leading economies in the United States this year. the world to take advantage of its comparatively
state in the United States. The only state that has low cost of living and dynamic cultural and
more residents than Texas is California. Texas offers Texas prides itself on being a right-to-work state, and recreational opportunities. There’s simply no
companies of all sizes and across all industries one will continue to make strategic investments to ensure place in the world that’s quite like Texas.
of the best business climates in the nation, with a fair, it maintains our competitive advantage, allowing
transparent tax and regulatory structure designed businesses to prosper and grow. If Texas were a nation, it would be the 10th largest
for businesses to succeed. economy in the world. The state ranks at the top of
The state is renowned for its sporting events, with nearly every “best states to do business list,” thanks to
With no corporate or personal income tax at the top college and professional teams including the its unbeatable advantages to companies looking to
state level, companies operating in Texas enjoy one Houston Astros, San Antonio Spurs and Dallas locate or expand in the state.
of the lowest overall tax burdens in the country. Cowboys.
Bring Your Business to
Bring Your Business to
Fairview, Texas.
Fairview, Texas.
A Global Town with a
A Global Town with a
Local Heart.
Local Heart.
You don't have to
You don't have to
take our word for it.
take our word for it.
You can take theirs.
You can take theirs.
SCAN HER
SCAN HERE E
87. FDI ALLIANCE INTERNATIONAL
The City of Dickinson is located on Interstate One city that has this ability where I encourage mixed-use retail, office, rental housing, and
45 at the midpoint between the wonderful you to locate your business in the future is the business parks that will be mutually beneficial
beaches of Galveston on the Gulf of Mexico City of Dickinson. The Houston MSA, with a business, the surrounding businesses, and
and the diverse mecca of Houston. People a population larger than some countries, is the city as the majority of the residents within
moving to our community, as well as our growing with new residents moving to our ten miles enjoy a robust disposable income.
long-term residents, choose to live in a place ten counites daily. But, unlike other cities But to accomplish these goals, we know that
that has maintained a rural feel without the that can expand, Dickinson is taking a more business owners which desire to locate in
pressures found in large cities. targeted approach to its population and Dickinson may need assistance. To assist
business attraction. developers and businesses to be successful
We are a forested community that has in Dickinson, the city has made efforts to
maintained its unique charm—sitting on Dickinson is fortunate to be able to improve the way we do business. Dickinson
the outskirts of the sprawling bigger cities. strategically target mixed-use retail and and its citizens worked together planning for
Dickinson, unlike many cities that are within high-end developments such as regional and its future by making its development road
our metro area that have room to expand, national headquarters that do not want to map easier and more efficient for companies
is a ten-square mile community so every pay a premium but retain all the amenities to apply, obtain their permits faster, build,
square foot of our city must be developed and benefits as we are minutes away from and open their business sooner because
to the highest and best use. world-class medical, international travel, Dickinson desires a win-win for you and our
education, entertainment, and industry. citizens. As the saying goes “Time is Money.”
There are not many cities where one can boat To accomplish this Dickinson has updated our
up a navigable waterway that runs for seven Unlike neighboring cities who are heavily Comprehensive Plan, recently adopted its first
miles through the middle of the city, fish, live industrialized, Dickinson is not focused on Master Parks Plan, and is working to complete
on a waterfront property with access to the heavy industry allowing us to attract those our Zoning and Unified Development Codes,
Gulf or have a herd of deer wander across who work at these facilities but demand a Downtown, and Economic Strategic plans.
your yard. How many similar cities do you more relaxed quality of life away from the In planning for our future in 2022, the City
know that have multiple national sporting stresses associated with highly industrial of Dickinson approved two separate Tax
events nearby, eat at some of the best food communities. Manufacturing and industrial Increment Finance (TIF) mechanisms first
venues in the Nation, within minutes go jobs from neighboring communities provide at the Interstate 45 and FM-517 crossroads
deep water fishing, or have access to two a living wage that allows Dickinson to attract and second in the Downtown at the Highway
international airports? Where else can you the nearby workforce and recruit them to 3 and FM-517 crossroads that is intended
live or locate your business in an area among reside in the city. to help businesses offset their development
one of the most-highly educated and diverse costs in locating in these areas. This effort
workforces in the world with disposable Dickinson’s goal is to entice qualified and has helped attract two development firms,
income due to the high paying jobs within quality businesses, developments, and currently in the planning stages, that may
the ten counties of the Houston MSA. business owners to build multi-storied, benefit from the TIF if they qualify.
88. FDI ALLIANCE INTERNATIONAL
Finding the right location can be a challenge developers and business owners to locate location decision easier. Although this is
especially in communities that are older, their future developments in the city as we not necessarily a monetary incentive, it is a
more established, or rural as the property are working with the property owners in time saving incentive as it helps provide a
that may be of interest to the business tends either acquiring the property or working one-stop-shop that can ultimately lead to a
to be owned by multiple family owners, with the property ownership, obtaining their cost savings and opening of your business
especially if once agricultural or farm use. The approval ahead of time. So, if your business or development sooner than if you had to
City of Dickinson’s Economic Development would like to purchase the property you assemble the property on your own.
Corporation (DEDC) is making it easier for have one entity to work with making the
The DEDC hired Hoefer Welker, a premier
architectural planning firm located in Dallas,
Texas, headquartered in Kansas City Missouri,
to assist Dickinson in creating concept plans
for various areas in our city that can help
guild and show developers what and how
we desire development can be in Dickinson.
We desire development that will set us apart
from cities in the Houston MSA. Though their
efforts and collaboration they were able to
create first-class visual site plans that will
enable developers and businesses to work
with DEDC in finding opportunities within
the city that can be multi-storied, mixed-use
developments especially in our Downtown,
I-45, and our east side of Dickinson that are
all located on major transportation corridors,
on waterfronts or both.
Naturally, Dickinson has been investing in its
future by working to improve its processes,
upgrade our transportation corridors, and
working with property owners to consolidate
ownership representation.
I invite you to explore Dickinson and prove
to yourself that we are the right place, right
now with the best location for your businesses
and your family.
Courtland Holman
Executive Director
Dickinson Economic
Development Corporation
M
1621 FM 517 Road East, Suite A
Dickinson, TX 77539
N
281-337-6105
832-205-1294
E
[email protected]
d
www.ci.dickinson.tx.us
89. FDI ALLIANCE INTERNATIONAL
DECODING THE FUTURE OF SITE LOCATION DECISIONS
A PERSPECTIVE FROM TEXAS
As the global business landscape evolves, so do the factors determining A shining example of this commitment is the Texas community of Andrews,
the ideal location for companies looking to expand. These factors have now home to a massive solar field named ‘Prospero 2 Best Buy Solar’.
traditionally revolved around market access, labor availability, and Unveiled by Best Buy, the field spans over 2,500 acres. It is estimated to
infrastructure. While these considerations still hold weight, the future points offset the carbon impact of 300 of its stores for a decade, underscoring a
towards an increasingly complex set of drivers guiding site location decisions. concrete commitment to environmental sustainability.
Based on current developments and emerging patterns, four major predicted
trends emerge Sustainability and Environmental Considerations, Digital
Connectivity and Technological Infrastructure, Workforce Availability, Talent
Pool, and Quality of Life and Well-being. As a leading business destination,
Texas provides a perfect backdrop for understanding these future trends.
Sustainability and Environmental Considerations Sustainability
Once a buzzword, is now a top priority for companies across the globe.
Businesses are not just aligning their operations with green initiatives, but
they are also choosing site locations that mirror their commitment to the
environment. Locations that offer access to renewable energy sources,
sustainable infrastructure, and environmentally friendly policies are
becoming increasingly attractive to businesses. Texas, a leader in renewable
energy, stands out in this trend, with a commitment to green initiatives that
have attracted significant business investments.
90. FDI ALLIANCE INTERNATIONAL
This project, a partnership between Best Buy, U.S. Bank, and Longroad The allocation will boost the state’s investments to improve its internet
Energy, highlights the role of strategic location decisions in supporting a infrastructure. State Rep. Trent Ashby, R-Lufkin, filed House Bill 9, allocating
company’s sustainability goals. By choosing Texas, a state with a robust $1.5 billion to expand internet availability statewide. The bill, now signed
renewable energy infrastructure and supportive policies, Best Buy has made into law by Gov. Greg Abbott, will boost the state’s digital economy and
significant strides toward its carbon neutrality goals. The state’s abundant reach the underserved pockets of Texas’s rural communities. “It targets
natural resources, vast open spaces, and favorable weather conditions Texas’ rural communities and underserved pockets of our urban areas so
make it an ideal location for renewable energy projects like the Prospero that those Texans can fully participate in the 21st-century digital economy,”
2 Best Buy Solar. explained A.J. Rodriguez, executive vice president of Texas 2036, a data-
based think tank.
Texas’s commitment to renewable energy aligns perfectly with businesses
looking to balance their growth with their green commitments. It showcases
how site location decisions are progressively driven by considerations
beyond traditional economic factors, moving towards sustainability
and environmental stewardship. As such, Texas serves as a beacon for
companies looking to embrace a profitable and sustainable future.
Digital Connectivity and Technological Infrastructure
In a world that’s becoming increasingly interconnected, the quality of digital
connectivity and technological infrastructure is a crucial factor for businesses
in their site location decisions. Access to advanced technologies and robust
data infrastructure not only optimizes operations but also aids businesses in
leveraging digital innovations. This growing need has seen states like Texas
take substantial steps to enhance their digital landscape.
Texas’s initiatives towards strengthening digital connectivity exemplify its
response to the $3.3 billion federal allotment to expand internet availability.
91. FDI ALLIANCE INTERNATIONAL
Photo by Cesar Garcia courtesy of Dallas College.
Ashby’s optimism about the future of digital connectivity in Texas is evident This initiative addresses the labor market’s challenges, particularly in
in his belief that the state is in a great position to increase connectivity, with construction sectors that need help filling open positions. Pyeper Wilkins, vice
billions of dollars allocated to improve broadband and telecommunications chancellor of workforce and advancement at Dallas College, emphasized
infrastructure. The significant investments in enhancing the state’s digital that “careers in construction are critical for economic growth.”
infrastructure will pay off by drawing businesses to the state, thus aiding in
closing the state’s digital divide. Since its inception in 1996, the Skills Development Fund grant program
has provided training opportunities in partnership with more than 4,800
This aggressive push for better connectivity and the state’s willingness to employers, supporting the creation or upgrade of nearly 420,000 jobs
invest heavily in technological infrastructure make Texas an appealing throughout Texas. This ongoing commitment to workforce development
destination for companies looking to optimize their operations and leverage demonstrates Texas’s investment in building a skilled and versatile talent
digital innovations. It’s a testament to Texas’s commitment to becoming a pool, making the state an appealing choice for businesses searching for a
leading digital hub and its readiness to accommodate future trends in site robust workforce.
location decisions.
Quality of Life and Wellbeing - Community Support for Small Businesses
Workforce Availability and Talent Pool
A critical aspect of quality of life and well-being is the presence of a supportive
The availability of skilled labor is another critical factor that businesses community that fosters innovation and entrepreneurship. Texas communities
evaluate when considering site location decisions. In this respect, Texas has have shown an understanding of this need, developing inclusive spaces for
made a robust effort to enhance its workforce’s skills and ensure a thriving small business owners to thrive and find their community.
talent pool for future industries.
An exceptional example of this can be found in Boerne, Texas, located
Dallas College, for instance, was recently awarded a $3.5 million Skills in Kendall County, where Das GreenHaus, the county’s first business
Development Fund grant from the Texas Workforce Commission (TWC). incubator, recently opened its doors. Das GreenHaus is a 501(c)(3) public-
The grant will train more than 1,500 employees in construction-related private non-profit whose mission is to foster an innovative community and
courses, expanding their job responsibilities and increasing productivity for promote Kendall County’s entrepreneurial vision.
Texas employers. This program is part of a broader partnership with 18
Texas construction businesses, covering 100% of the tuition for all trainees This 4,800-square-foot facility in Boerne, Texas, offers entrepreneurs and
participating in the project. startup companies a wide range of resources. Along with private offices and
92. FDI ALLIANCE INTERNATIONAL
flexible workspaces, Das GreenHaus provides access to conference/training local universities and collaborate with larger tech firms in the area. Similarly,
rooms, a maker space, and a suite of services and programs designed to a startup in the service industry can take advantage of the favorable tax
support business growth. These include business mentorship, educational climate and reduced regulations, allocating resources more efficiently.
workshops, and networking events. The ultimate goal is to aid startups in
growing, creating jobs, and having a positive economic and cultural impact With its renewable energy initiatives, technology and innovation hubs, and
on Kendall County. business-friendly policies, Texas is well-positioned to cater to these future
trends. The Lone Star State presents a compelling case for companies
Das GreenHaus’s first tenant, Locoal, embodies the spirit of innovation prioritizing sustainability, digital advancements, and quality of life when
and community the incubator aims to foster. Locoal is a sustainable tech making site location decisions. Texas’ example underscores the need
company composed of military veterans passionate about technology for businesses to broaden their horizons when choosing a site location,
and sustainability. It devises hardware and software solutions to tackle looking beyond traditional economic factors to incorporate environmental,
environmental challenges. social, and technological considerations in their decision-making process.
The Texas Economic Development Connection can aid business owners
Locoal’s CEO, Miles Murray, aptly summed up the community’s innovative in identifying proactive communities willing to invest in and partner with
culture: “The culture of innovation starts at the local community. Das businesses on future economic success.
GreenHaus brings together much of the support structures that early-stage
technology companies need to succeed.”
By “Super” Dave Quinn, CEcD, Managing Partner, Day One Experts and
With initiatives like Das GreenHaus, Texas communities support local founder of the Texas Economic Development Connection
small businesses and foster an environment that nurtures innovation
and collaboration. This focus on community-based support is integral “SUPER” DAVE QUINN, CECD
to promoting a good quality of life and well-being for residents, adding
another layer to Texas’s attractiveness as a place to live and do business. MANAGING PARTNER, DAY ONE EXPERTS
These predicted trends are already playing out in Texas. For instance, (214) 775-0617
small businesses in the state are capitalizing on their renewable energy
leadership, tapping into technology and innovation hubs, and benefiting www.D1Experts.com
from the business-friendly environment. A small restaurant or retail store can
install solar panels to generate clean energy and reduce electricity costs. [email protected]
A small software development company can tap into the talent pool of
93. FDI ALLIANCE INTERNATIONAL
Economic shocks to local, regional, national, as opportunities rather than threats and use where companies will want to do business,
and global economies are a natural part of ingenuity and creativity to lead the way to where jobs will be available, and where
the economic and development ecosystem. a stronger economy. people will come to work and play.
These jolts reinforce the need to plan for
disruption and upheaval. We can expect that Comprehensive planning is a blueprint To posture for future growth, the City of
the coming decades will bring even bigger for future commercial and residential land Clyde embraces the crosscutting concepts
challenges as climate change drives seismic uses, housing, conservation, and cultural of creating quality places and experiences,
upheavals and technological acceleration and recreational amenities. An important foreseeing demands for land use, infrastructure
transforms the nature of work throughout component of comprehensive planning investment, advanced technology and
all industries and occupations. In the face is identifying the new infrastructure and innovation, and connecting human capital with
of these challenges, efforts must focus growth demands needed to support the jobs. The City of Clyde is experiencing steady
on making economies more resilient and community's future physical and economic growth in population, business development,
sustainable by considering vulnerabilities development. Strategic investments made and economic opportunity. To create quality
and fostering solutions that enable them to now in infrastructure, housing, recreational experiences, the City of Clyde has reduced the
withstand future shocks. In doing so, local amenities, and education will create administrative burdens of bureaucracy, which
economies must strive to see these challenges communities where families will want to live, facilitates a healthy business environment
that aligns business-friendly initiatives that
support regional economic growth.
To continue that forward growth trend
and stay true to our motto, "small city, Big
Opportunities," the City of Clyde has invested
heavily in upgrading and modernizing its
infrastructure to safeguard public utilities,
improve service delivery, and prepare
for future growth. The forward-thinking
projects have replaced all commercial and
residential water meters with new "smart" water
meters connected to Advanced Metering
Infrastructure (AMI), improving operational
efficiency. Additionally, the City of Clyde
has upgraded its water treatment facility by
doubling daily water production, installing
94. FDI ALLIANCE INTERNATIONAL
Students also have access to emergency
financial aid to assist with application fees,
deposits, and other financial needs related
to enrolling in and attending postsecondary
education and training. Advisors continue
to support students through the first year of
postsecondary education and training to
increase the likelihood of persistence and
completion of their degrees or certifications.
The City of Clyde's location along I-20 in
Central West Texas provides direct access
to the southern United States and Mexico.
With our location directly on I-20, Clyde
offers eastbound I-20 access to Dallas/Fort
Worth and a westbound connection to I-10
and El Paso. Additionally, Clyde is located
near U.S Highways 83, 84, 277, 36, and
18, allowing for coast-to-coast travel. The
state-of-the-art membrane filtration systems, courts, two sand volleyball courts, children's Abilene Regional Airport services Clyde and
extensively replacing water and sewer lines, playground, splash pad, and batting cages. offers daily express flights to Dallas and
and constructing solar arrays to power Fort Worth, serviced by American Airlines,
water and wastewater treatment plants. In an increasingly competitive and technology- serving over 90,000 passengers annually.
Most importantly, the City of Clyde has based economy connecting talent to industry Dallas Fort Worth International has 49
undertaken these improvement initiatives is paramount. Clyde and the region are international and 137 domestic connections to
through an Energy Savings Performance uniquely positioned to support developing markets for companies making foreign direct
Contract (ESPC), enabled by Texas Local and fast-growing sectors such as clean investments in Clyde. So when deciding on
Government Code 302, which allows cities energy, aerospace, aviation, and advanced future locations for economic development,
to pay for efficiency improvements within manufacturing. The regional labor shed is the City of Clyde and the West Central region
their existing budget without raising taxes. 140,000, and within 10 miles of Clyde are of Texas are ready to meet the unique needs
Savings are generated from installing new, four universities, a community college, and of businesses and industry.
modern, and energy-efficient technology a technical college. The local school districts
and equipment upgrades. have added career and technical programs
and technology, science, engineering, and
Beyond traditional infrastructure upgrades, the math programs. The region also has a
City of Clyde has also invested in quality-of-life large veteran community with diverse skill
initiatives that include sidewalk replacements sets. Clyde works with the Texas Workforce
for a downtown business district revitalization, Commission and Workforce Solutions of West
splash pad construction, playground upgrades, Central Texas to strengthen the economic
and a $15 Million Youth Sports Complex vitality in our 19-county region by investing
project that contains three championship in the success of residents and businesses.
softball fields, two championship baseball
fields, little league field, multi-purpose soccer At the high school level, the City of Clyde Christopher McGuire
field, four tennis courts, four pickleball has partnered with the Clyde Consolidated City Administrator and Executive
Independent School District to support The Director of Economic Development
Youth Success Program, which connects with City of Clyde, Texas
rural high schools to provide career-minded
one-on-one advising for all seniors (no
M
eligibility required) to increase enrollment PO Box 1155, 222 Oak Street | Clyde,
in postsecondary education and training Texas 79510
including, but not limited to, universities, N
technical schools, apprenticeships, and the Office: (325) 893-4234
military. Youth Success Advisors explore Cell: (325) 899-2189
career pathways, determine the best fit for Fax: (325) 893-5010
E
postsecondary education and training, identify [email protected]
and eliminate barriers, and assist students D
with enrolling in postsecondary education. clyde-tx.gov
A Youth Success Advisor is embedded at
Clyde High School, meeting with students and
collaborating with counselors and teachers
on how to best support the students on their
journey to a successful career. Through
the Youth Success Program, students can
participate in job shadowing experiences,
industry tours, and internships to connect
students with local career opportunities.
95. FDI ALLIANCE INTERNATIONAL
FRENCH - CONNEXION
FRENCH - CONNEXION
LOCATION - LOCATION - LOCATION FRENCH - CONNEXION
Texarkana USA, TEXAS
GERMAN - VERBINDUNG
GERMAN - VERBINDUNG
GERMAN - VERBINDUNG
ITALIAN - CONNESSIONE
ITALIAN - CONNESSIONE
ITALIAN - CONNESSIONE
NORWEGIAN - FORBINDELSE
NORWEGIAN - FORBINDELSE
NORWEGIAN - FORBINDELSE
TEXAN - CONNECTION
TEXAN - CONNECTION
TEXAN - CONNECTION
150,000 sf Spec Building
Completed 11/21’ - Sold 12/22’
SWEDISH - FÖRBINDELSE
SWEDISH - FÖRBINDELSE
SWEDISH - FÖRBINDELSE
POLISH - POŁĄCZENIE
POLISH - POŁĄCZENIE
BTS For Lease or Sale POLISH - POŁĄCZENIE
BUILT-TO-SUIT - ANY SIZE DUTCH - VERBINDING
DUTCH - VERBINDING
DUTCH - VERBINDING
5 to 500 acres of Rail Served Sites
• Industrial Zoning
SPANISH - CONEXIÓN
SPANISH - CONEXIÓN
• Assistance with Financing SPANISH - CONEXIÓN
Construction
Take Out
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Incentives Whatever language you say it in, a Texas
connection equals economic opportunity.
• For LEASE or SALE 2020 c o n n e c t i o n e q u a l s e c o n o m i c o p p o r t u n i t y .
• Favorable Terms
Flexible
Unlock your business growth and success in in
Long Term Unlock your business growth and success
• Types of Product About TexAmericas Center - Located in the Texarkana
Texas today.
Manufacturing metropolitan area, TexAmericas Center owns and oper- Texas today.
ates the 5th ranked industrial park in the nation, and one
Processing of the largest mixed-use industrial parks in the Americas.
Warehouse With over 12,000 development-readyacres and 3.5 million
square feet of commercialand industrial product, TexAm-
Flex ericas Center also provides 3PL & Rail Services as well as
Office access to incentives & financing.
FOR MORE INFORMATION, PLEASE CONTACT:
Eric Voyles | p 903-223-9841 | c 903-306-8923 | [email protected]
www. TAC specbuilding.com
96. FDI ALLIANCE INTERNATIONAL
FRENCH - CONNEXION
FRENCH - CONNEXION
FRENCH - CONNEXION
GERMAN - VERBINDUNG
GERMAN - VERBINDUNG
GERMAN - VERBINDUNG
ITALIAN - CONNESSIONE
ITALIAN - CONNESSIONE
ITALIAN - CONNESSIONE
NORWEGIAN - FORBINDELSE
NORWEGIAN - FORBINDELSE
NORWEGIAN - FORBINDELSE
TEXAN - CONNECTION
TEXAN - CONNECTION
TEXAN - CONNECTION
SWEDISH - FÖRBINDELSE
SWEDISH - FÖRBINDELSE
SWEDISH - FÖRBINDELSE
POLISH - POŁĄCZENIE
POLISH - POŁĄCZENIE
POLISH - POŁĄCZENIE
DUTCH - VERBINDING
DUTCH - VERBINDING
DUTCH - VERBINDING
SPANISH - CONEXIÓN
SPANISH - CONEXIÓN
SPANISH - CONEXIÓN
Whatever language you say it in, a Texas
W h a t e v e r l a n g u a g e y o u s a y i t i n , a T e x a s
c o n n e c t i o n e q u a l s e c o n o m i c o p p o r t u n i t y .
connection equals economic opportunity.
Unlock your business growth and success
Unlock your business growth and success in in
Texas today.
Texas today.
SEVEN LEADERSHIP LESSONS A NON-GOLFER LEARNED FROM GOLF
I never thought that I would learn lessons for the workplace or leadership If employees and employers take responsibility and keep themselves and
from a golf event when I am basically a non-golfer. others accountable, we can have a lot of integrity in the workplace. I love
one definition of integrity that says it is doing the right thing when nobody is
That was the case when I volunteered for the USGA U.S. Senior Open held watching. That is true on the golf course and in the workplace. Imagine if
at SentryWorld in Stevens Point WI. I volunteered as a hole captain for four other site selectors and economic developers helped you “find your lost ball.”
of the days and attended as a spectator for two. That means as a volunteer,
I spent my entire time on one of the eighteen holes making sure the golfers,
caddies, families, and spectators had the best experience possible. We had RESPECT THE SILENCE
golfers and spectators from around the world descend on our community
for seven days. Addressing the ball is an amazing aspect of golf. When the golfer is at
their ball, they are preparing to hit or putt their shot on the hole. When they
Especially exciting for the tournament was the fact two of the golfers were approach/address the ball, it is amazing how quiet the hundreds, even
from Wisconsin. Steve Stricker and Jerry Kelly, both in the top ten seniors in thousands, of people can get. The spectators have a respect for the golfer.
the world, have been mixing it up in the senior circuit for a number of years. In our workplace, we need to respect the style of our employees when they
It was amazing to see them up close and personal. work, just like we respect the golfer in their workplace. In one of my jobs,
the person working on the monthly e-newsletter was always allowed to shut
When you pay attention to the people in the world around you, it is amazing her door so she could block out any distractions around her. She didn’t have
what you learn or what lessons are reinforced. You can’t experience this stuff thousands of spectators, but she did focus on the task at hand. That was her
on ChatGPT or AI or remotely. You had to be “in the room” and part of style and we accommodated as fellow employees. Some styles need quiet,
the event to get the true essence of the lessons. It was an experience more and others don’t. When you study each other’s styles and respect them, so
than an event. much more can be accomplished with your team. Have you studied you
and your team and understood their styles?
I’ve grown up in the world of sports but, ironically, mostly as a non-playing
participant. As an example, I’ve been part of national championship teams
in basketball even though I stopped playing competitively as a first-year CLEANLINESS IS CRITICAL
student in high school. And the lessons were just as strong or stronger from
my vantage point. Those lessons are for another article. On the tee, golfers are allowed to use a tee to prop up your ball, which
players pick up after they hit, so the area is clean for the next person. On the
So here are the leadership lessons a non-golfer learned from golf: green, you fix any dents you leave in the grass from your ball landing, so
it is smooth for the next person. In the sand traps, the caddy (golfer helper)
meticulously rakes the sand after the shot to make sure it is also smooth for
MANNERS MATTER the next person. There is even a certain position for the rake outside of the
sand trap. Who knew!!!
Golf, like the workplace, is a game where integrity and manners are
important. You keep your own score. You are responsible for following the Imagine if your workplace or community was like that. Somebody would
rules and checking if you aren’t sure. There is a certain order that you go. see a wrapper, pick it up, and toss it in the trash. When somebody was
If you lose your ball, others help you find it. Wouldn’t it be amazing if this done with a tool, instrument, or file, it would go back to its rightful place so
were the case in your workplace? It can be. it could be found by the next person. How about if a meeting got messy
98. FDI ALLIANCE INTERNATIONAL
and afterwards people repaired damaged relationships? Do we ignore had some other volunteers step up who had completed their shifts, which
relationships or focus on meaningful engagement? made the job easier.
When team members don’t fulfill their commitments as part of a team, it lets
TAP YOUR CAP the entire team and organization down. It certainly can negatively impact
the project, as well. Often there isn’t somebody to fill in for that person.
Acknowledging recognition and gratitude is an important part of the game. Certainly, unexpected things do happen, and people do plan for time away
Players will at least tap, if not tip, their cap after the spectators applaud. from the office, but in a team, we count on each other. How do you instill
Competitors will also often make a comment or gesture as well, to recognize commitment with your team?
good play. At the end of the eighteen holes, players take off their hats when
shaking hands with each other after their round.
BEAUTY
Imagine walking out of a meeting after not getting the bid on a job and
reaching out to whoever competed with you for that job to congratulate Golf is a game of beauty besides precision. Depending on the course and
them. Recognizing employees doesn’t have to always be a pizza party or location, you can enjoy nature, the trees, wilderness, and even a wild animal
some sort of contrived award. What if you recognized someone with a fist like a fox. One walked through right behind our tee box. Sadly, one passed
bump, pat on the back, or even a handwritten note, a workplace kind of away during the tournament. A golf course can be a very relaxing, enjoyable
tapping the cap. Are you training your staff in gratitude and recognition for setting, during all the pressure of a tournament.
your clients, customers, and teammates?
In our jobs, we need to take time to enjoy the moments and beauty in many
forms around us. Celebrate our accomplishment. Share and give gratitude.
ALL IDEAS WELCOME On the way to work, turn off the radio, phone, and other technology and
enjoy what is around you. This reminds me of when I was in the car with
When being a volunteer leader, it is important to recognize all ideas and my grandson, and he had his tablet going. I pointed out things to him that
make sure they are welcome. For most of us as volunteers at this event, this he often misses because his head is down. Now, there is no tablet going
was our first one. For everyone involved, it was the first time there was an so he can appreciate the world around him. Are you and your employees
event of this magnitude at this course. Because of that, we had to experience “smelling the roses?” Have you ever taken a walk around the block with
the job as we went along and adjust as needed. There was no time for egos your team—the insights you get will be amazing?
or “this is the way we have always done it.”
I challenge you to take one of these lessons and change the way your
As a collective team in the workplace, we must be accepting of ideas from team works. It not only works in the workplace, but also with organizations,
all members of the team. It should actually be taken one step further and church groups, civic organizations, and schools. I also challenge you to
we should draw out ideas from members who are quieter because of their find something you may not be good at and look for leadership lessons.
personality style. By the way, do you know the styles of your team—you I was pleasantly surprised how I turned an average volunteer event into a
should! More ideas yield better solutions and increased collaboration. Ever leadership experience for myself.
been at that meeting where at the end the leader asks if everyone is okay
with the idea. Next, we see the bobble-heads of agreement. Leaders need TODD KUCKKAHN
to draw out ideas and consensus individually from team members to get
to the best solution. Conflict is a good thing if it is constructive. Do you and Todd Kuckkahn is on a mission to revolutionize
your team members accept conflict well? company culture and leadership. He is an
international speaker and facilitates workshops
to shift the workplace. Todd is a certified
COUNTING ON COMMITMENT speaker, coach, teacher and trainer through
Maxwell Leadership.
When you make a commitment, you must follow through, especially as a [email protected]
volunteer. Others are counting on you, yet others will often step up. It was
sad when volunteers didn’t show up, but fortunately it was rare. It made the 715-498-4979
jobs of those fulfilling their commitment less enjoyable. On the last day, we toddkuckkahn.com
99. FDI ALLIANCE INTERNATIONAL
100. FDI ALLIANCE INTERNATIONAL