May 28th, 2019
Area Development Online


Misperceptions of the Role Economic Incentives Play in the Site Selection Process - Site Selection Group

In response to the recent media attention on the site selection industry mischaracterizing site selectors and economic incentives, Site Selection Group’s blog this month illuminates the proper site selection process and use of economic incentives. More »

How to Attract Startups and Tech Companies to a City Without Relying on Tax Breaks - HBR

Startup ecosystems are the key to growing a vibrant regional economy. Time and time again, these clusters of talent and science drive job creation, new business formation, and attract investment capital. Ultimately, these are the elusive ingredients that lead to greater prosperity and equity in our communities. More »

Co-working spaces are expanding into malls and suburbs - Fast Company

People may not want to go to the mall to shop, but they do want to go to work. It’s all part of an expanding footprint for co-working spaces in suburban America. More »

Opinion: Toyota Says It Is Not Welcomed After Trump Proclamation - Advanced Manufacturing

Toyota Motor Corp. is known for two things: It’s the largest Japanese automaker and one that is conservative in its messaging. More »

Meet the Fixers Pitting States Against Each Other to Win Tax Breaks for New Factories - WSJ

A cadre of powerful consultants known as the ‘Guild’ is helping companies decide where to build their latest projects. Hunting trips, ski slopes and NFL locker rooms are part of the gig. More »

Walmart's new headquarters inspired by McDonald's and Apple - Business Insider

Walmart is in dire need of a new home. The company's more than 14,000 corporate employees based in Bentonville, Arkansas, are now spread across 21 buildings. More »

Logistics in the Smart City - Supply Chain Brain

Cities differ in that some are dense in population and others are more spread out geographically. Innovative approaches are necessary for last-mile delivery, says Matt Powers, EVP, Head of Retail, E-Commerce Distribution, JLL. More »

Factory Workers Become Coders as Companies Automate - WSJ

Employees who show aptitude are gaining new skills, helping businesses make better-quality products and bringing in more revenue. More »

Walmart launches next-day delivery and undercuts Amazon Prime - Business Insider

Walmart is launching free, next-day shipping on orders costing at least $35, the company said Tuesday. More »

Finding lab space for startups and independent researchers in Houston needs to be easier, according to this expert - InnovationMap

Finding coworking space is getting easier and easier for startups, but the same can't be said for startups looking for lab space. If Houston wants to continue to grow and develop its innovation ecosystem — specifically within research and development in the health sciences industry — the city needs more opportunities for small lab space real estate. More »

How the University of Iowa Recovered From the ‘Unfathomable’ Flood That Ruined It - The New York Times

With flooding along the Mississippi River at record levels in parts of Iowa, an 11-year-old disaster has much to teach about what it takes to recover. More »

Locations of US biopharma facilities - Biopharma Reporter

All but six states in the US house a biopharmaceutical manufacturing a facility, with 37 states having more than five. As could be expected, there is a concentration of facilities in the traditional hubs for the biopharma industry, in California and Massachusetts. Though not considered typical centres for the industry and away from the concentration of activity on the Eastern seaboard, Texas and Colorado were home to a comparatively large number of facilities. More »

‘Everything is in front of us’: Cryptocurrency spurs Quebec regional economy - Financial Post

Since its inception in November 2017, Bitfarms has been rushing to retrofit factories in Quebec regions emptied out by the decline of the province’s manufacturing industries. The company leases a former Tupperware plant in Cowansville, an old carpet factory in Farnham and an ex-cocoa storage facility in St-Hyacinthe, all to mine cryptocurrency. More »

Exclusive: Amazon rolls out machines that pack orders and replace jobs - Reuters Inc is rolling out machines to automate a job held by thousands of its workers: boxing up customer orders. More »

Advice From 3 Former Mayors: Grow Your Own Entrepreneurs - GOVERNING

More and more cities are coming to understand that the key to developing their economies is the job-creation assets they already have. More »

Absolut Mixes Machine Learning Into Its Spirits Supply Chain - WSJ

Changing consumer tastes, global competition lead vodka maker to match new technology to its 140-year-old production principles. More »

How Many Local Governments Is Too Many? - GOVERNING

It’s not uncommon for one metropolitan area to be home to dozens of local governments. In lots of those places, mayors and other local officials often lament the difficulties of having to coordinate with so many cities, towns and counties. More »

Robots Edge Closer to Unloading Trucks in Amazon-Era Milestone - Bloomberg

New Siemens, Honeywell devices work at least as fast as people. ‘The job is miserable inside that trailer.’ More »

Where the Good Jobs Are - The New York Times

For people without a college degree, finding work that offers decent pay can be a challenge. The solution may require a change in scenery. More »

Why Location Strategy Matters for Talent Acquisition - Cushman & Wakefield

Talent attraction and retention has seized the attention of C-suite executives. But how can you find and hire the skilled employees you need when the demand for talent keeps growing? More »

The evolution of economic development - Crain's Cleveland

Field is strategic vs. transactional, focusing on talent, sites, innovation and diversification More »

Opportunity Zones: Beyond the Basics – Fourth Economy

Since being signed into law with the 2017 Tax Act, Opportunity Zones have already been used to fund real estate development projects. While investors have been quick to implement, the rest of us are still trying to figure out what Opportunity Zones mean for communities. More »

Cannabis, Marijuana, Weed, Pot? Just Call It a Job Machine - The New York Times

Although cannabis remains illegal on the federal level, 33 states now allow its sale at least for medical purposes. Ten of them, including California, have legalized recreational use. More »

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