Also: Remote Work Reshaping America’s Urban Geography//Inland Ports finding groove//Top 10 U.S. Biopharma Clusters
Site & Facility Planning
This Week
Monday, March 15th, 2021
This Week's Must Reads
A new type of battery could finally make electric cars as convenient and cheap as gas ones. (MIT Technology Review)
LG Energy Solution, the U.S. unit of LG Chem, plans to invest $4.5 billion to expand its U.S. electric vehicle battery manufacturing footprint with an additional 70 GWh of capacity from 2025 onward. (Forbes)
The U.S. is racing to catch up to China in mining and refining the metal, and Piedmont Lithium is at the leading edge. (WSJ)
The utility-scale battery located outside of Houston will connect to the same grid that faltered in February’s freeze (Bloomberg)
Analysts say this German automaker, along with Tesla, will dominate the electric car market by 2025. (Entrepreneur)

Richmond, Virginia, has been helping companies eliminate risk and save costs for 400+ years. That’s why corporate service companies like Fortune 500 Altria, Dominion Energy, Markel are headquartered here. Learn more about why Richmond has the largest percentage of business and finance workers east of the Mississippi River.

Notable Project Announcements
Door and entryways manufacturer Special-Lite is expanding its operations in Benton Harbor, Michigan. The project is expected to generate a total private investment of $2.3 million and create 60 new jobs over a two-year period.
Metalsa Structural Products Inc., a subsidiary of Mexico-based Grupo Proeza and manufacturer of chassis structures for light and commercial combustion engine, hybrid and battery electric vehicles, plans to expand its operations in Hopkinsville, Kentucky. The project is expected to create 97 full-time jobs over the coming years.
Zasti Inc., an artificial intelligence technology company that develops innovative risk screening, predictive analytics, and climate change solutions for the healthcare industry, will invest $5.9 million to establish its U.S. headquarters in Loudoun County, Virginia. The project is expected to create 60 new jobs.
Amazon Logistics signed a lease with plans to open a new delivery station at the site of the former Center Mall in Knoxville, Tennessee. The project will create hundreds of full-time and part-time jobs.
Accelerate360, a marketing, sales, logistics, and media conglomerate, will be expanding operationswith the opening of a 455,000 square-foot facility in Olathe, Kansas. The project is expected to create 167 new full-time jobs.
Around The Web
Smaller cities and communities are turning into ‘Zoom towns’ and competing with coastal hubs as workers move to find more space and lower costs. (WSJ)
Inland Port Greer has record February while vessel volumes slip. (FreightWaves)
Across the country, small towns have been left behind. Finding a way to turn things around is crucial if American democracy is to be saved. (MIT Technology Review)
The pandemic rapidly accelerated the growth of eCommerce. What are the implications for owners of industrial assets? (Newmark)
Pandemic reshuffles the bottom of GEN’s regional rankings but not the top, for now (GEN - Genetic Engineering and Biotechnology News)
The Best States ranking of U.S. states draws on thousands of data points to measure how well states are performing for their citizens. In addition to health care and education, the metrics take into account a state’s economy, its roads, bridges, internet and other infrastructure, its public safety, the fiscal stability of state government, and the opportunity it affords its residents. (US News)
Over the past four decades, deindustrialization, the rise of the tech economy and the weakening of antitrust enforcement have sorted the country into a small number of winner-take-all cities and a much larger number of left-behind cities and towns. (The New York Times)
American leaders have long trusted in private markets rather than the federal government to pick the economy’s winners and losers, shunning the industrial policy popular with France, Japan and others. (WSJ)
New research suggests that when big companies increase wages, they drive up pay in the places where they operate — without a notable loss in jobs. (The New York Times)
Department store chain points out its online sales drop when it leaves a market. (CoStar)
With the L.A. ports under the most strain, it’s understandable for importers would look elsewhere along the West Coast, but coming all the way to Texas marks a new twist in the port saga. (Bloomberg)
A reporter who has tracked decades of gloomy trends sees things lining up for roaring growth. (The New York Times)
Community development and economic development are two separate topics that one could argue do not necessarily need to overlap. However, these two topics are linked to each other, and improving one improves the other simultaneously. (Econsult Solutions, Inc.)
Taiwan Semiconductor Manufacturing Company (TSMC) reportedly wants to invest around $35 billion in the production facility it is establishing in Arizona. (The Burn-In)
Adam Ozimek, Upwork Chief Economist, joined Yahoo Finance to discuss on key learnings from a full year of remote work. (Yahoo Finance)
$350 billion commitment prioritizes six consumer product categories (Home Textiles Today)
While it would never be a good time for a weather-related disaster, this one comes as Samsung is considering the single-largest investment in Texas history, $17 billion to build another cutting-edge fab in Travis County. (Austin Business Journal)
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