Inside: Strengthening regional public universities//America’s Muddled Industrial Policy//
Site & Facility Planning
This Week
Thursday, August 5th, 2021
This Week's Must Reads
Solar panel installations are surging in the U.S. and Europe as Western countries seek to cut their reliance on fossil fuels. (WSJ)
Forecasters predict the economy will grow significantly in the latter half of 2021 as the U.S. continues its recovery from the COVID-19 pandemic and recession. However, if the coming recovery resembles those in the wake of the early-2000s recession and the Great Recession, it will likely be spatially uneven, with some places making a quick recovery while other communities, both urban and rural, face continued economic distress. (Brookings)
Despite gloomy predictions to the contrary, the pandemic hasn’t killed globalization. But the radical changes it has wrought will have long-term implications for businesses worldwide. (Fortune)

From single-employee startups to century-old brands, Team Kentucky helps businesses of all sizes select, grow and succeed in Kentucky. With experts in Europe, Asia and throughout the Bluegrass, Team Kentucky responds quickly, builds long-term relationships, assists with workforce training and assures companies get the resources they need for success.

Notable Project Announcements
Ford Motor Company will invest $100 million to locate its new global battery center of excellence at its plant in Romulus, Michigan. The project is expected to create 200 jobs within 18 months of completion of renovation.
AeroSafe Global, a provider of cold chain solutions for the safe, sustainable delivery and effective use of biopharmaceuticals across the supply chain, is locating manufacturing operations at I-22 Logistics Park in Olive Branch, Mississippi. The $2.5 million project is expected to create 100 jobs.
Bowling Green, Kentucky-based Fruit of the Loom plans to expand its existing distribution center in Warren County, Kentucky. The project is expected to create 50 full-time jobs.
Amgen Inc., the pioneering biotechnology company, will invest $550 to build a new biologics manufacturing operation in Holly Springs, North Carolina. The project is expected to create 355 jobs in Wake County.
Chewy, Inc., a trusted destination for pet parents and partners everywhere, is expanding its operations in Pittstown Township, Luzerne County, Pennsylvania. The project is expected to create 550 new, full-time jobs.
Around The Web
With the US Innovation and Competition Act of 2021, America is fully embracing industrial policy as the all-encompassing solution to a wide range of economic, social, and strategic problems. But all of the objectives articulated in the bill could be achieved more effectively by other means. (Project Syndicate)
Transition not yet noticeable in showrooms, but industry resources have shifted. ‘We’re trying to make things change pretty quickly'. (WSJ)
It's no secret that Tesla is taking the US automobile market by storm. Its 103,000 plus new retail registrations through the first five months of this year are up 65% versus a year ago in a market up 41%, and this volume ranks fourth among the 18 luxury makes, trailing only BMW, Mercedes-Benz and Lexus. (IHS Markit)
Some jobs don't need a college degree, and they can make it possible for Americans to be part of the middle-class and enjoy financial security. (Business Insider)
Job creation tax credits. Investment tax credits. Research and development tax credits. Payroll withholding tax rebates. Property tax abatements. Those are just five of the major categories of tax incentives states offer with the goal of encouraging new investment and economic development in their state. Nearly all states offer at least one of those major tax breaks, with most states offering two or more. But just because most states offer numerous incentives doesn’t mean doing so is the best approach. (Tax Foundation)
Pending the results of these and the input of the soldiers into whose hands they’ve been thrust, the Army could launch a program-of-record for the RCV-L in Fiscal 2023. (Forbes)
Developer plans to make Maryland an offshore wind manufacturing hub with new port facility and steel plant (Windpower Monthly)
After calamity and years of restrained ambition under cost-obsessed executives, the company that was once a factory of dreams is losing workers to SpaceX and Amazon. (Bloomberg)
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