This week, we bring you a new sub-series called “The Big Deal,” which takes a look at some of the biggest economic development deals in history and how they impacted communities. We start with BMW’s decision to bring its first facility outside of Germany to Spartanburg, South Carolina in 1992. To get the full story, we talked to Douglas Woodward, an economist with the University of South Carolina, Bobby Hitt, a former BMW staffer who became the Secretary of the South Carolina Department of Commerce in 2011, and Wayne Sterling, a legendary economic developer who managed the BMW project 25 years ago. Listen on to learn how Governor Carroll Campbell convinced BMW’s Chairman to reverse an initial decision to locate the plant in Omaha, Nebraska.
The Shandong Ruyi Technology Group is a privately-held textile manufacturer based in China that employs 20,000 people around the globe. The company already had operations everywhere from Japan to Italy, but determined in 2015 that it was time to set up a major manufacturing facility in North America. They “followed the cotton,” their primary natural resource, to Texas, North Carolina and South Carolina, but ultimately chose a location in Arkansas – a state that barely made it on their short list, but impressed the company’s Chairman and his team with their responsiveness and tenacity. We spoke with two key players to get the full story: Jane Liu, a company legal advisor who was a key player guiding the company’s site selection process, and Danny Games, Deputy Director of the Arkansas Economic Development Commission.
On Thursday, June 29th, AETNA, Inc., a Fortune 50 insurance giant, announced a decision that had been months in the making. The company would relocate its corporate headquarters from Hartford, Connecticut, the company’s home base for 146 years, to New York City.
On the day after the announcement, we set-up a conference call with two highly-respected site selection consultants to get their take on AETNA’s decision. You’ll hear from Larry Gigerich, Managing Director of Ginovus and Jay Biggins, Executive Managing Director of Biggins Lacy Shapiro, another highly respected site consulting firm. Both firms are members of the Site Selectors Guild.
As “big data” comes to the world of commerce, we’ve seen a major spike in the creation of new data centers for companies like Facebook, Amazon, Apple, Microsoft and IBM. To gain insight into this trend, we arranged an interview with Joe Suppers, Principal of NodeCom, Inc. Joe is the only consultant we know that is solely focused on data center site selection. He has worked with companies like America Online, Metromedia Fiber, 360 Networks and Switch since 1995.
This week we bring you the story of the Kudelski Group, a Swiss company that was looking to open its first corporate headquarters in North America. The company looked at three regions in the Western United States – Denver, San Francisco and Phoenix – and, in the tradition of amazing Swiss efficiency, they made the decision in just 90 days. Quality of life, according to Rich Fennessy, President & CEO of Kudelski Security, was the single most important factor in the decision—a first for “The Project.” Chris Camacho, President and CEO of the Greater Phoenix Economic Council (GPEC), weighs in on the decision process from the economic development perspective.
While a lot is changing in Washington this year, new Commerce Secretary Wilbur Ross recently confirmed one important initiative that is full steam ahead. SelectUSA, a program focused on helping the United States attract more foreign direct investment, is continuing and will be holding its fourth investment summit in the Washington area on June 18-20.
“The Project” travels to Washington for an interview with Fred Volcansek, SelectUSA’s New Executive Director. Anne McKinney, the organization’s Director of Investment Services, joins Fred for the interview.
We also hear from the leader of one economic development group that has successfully worked with SelectUSA in the past. Jan Rogers, CEO for the Regional Economic Development Corporation for Eastern Idaho (or REDI for short) talks about her collaboration with the organization and success attracting two Japanese companies to Idaho as a result.
For a multinational software company like Citrix, people are the secret sauce to success. We bring the story of how talent trumped just about every other factor that goes into a location decision to allow Raleigh, North Carolina to win a 400-job expansion, beating out competition in Fort Lauderdale, Florida, Alpharetta, Georgia, Santa Clara, California and Austin, Texas. We interview Nate Spilker, Citrix Vice President of Product Management and James Sauls, Economic Development Director for the City of Raleigh.
Welcome to our most international episode of “The Project” to date. NEST iON is a start-up company that manufactures specialized batteries for the law enforcement and security profession. The company was founded by a Spanish entrepreneur who relocated to Ireland, initially outsourced all of his manufacturing to South Korea and now has his sights on entering the U.S. market. In February 2017, the company announced plans to open a research & development/manufacturing facility at the Eastman Business Park, a 2.5 million square foot facility owned by Kodak. We interview company founder Boris Gragera, Matt Hurlbutt of Greater Rochester Enterprise and Matt Fronk of NY BEST (New York Battery & Energy Storage Technology Consortium) for the story behind NEST iON’s decision to locate in Rochester, New York.
With plans to add 100,000 new, full-time, full-benefit jobs across the U.S. in the next 18 months, Amazon is the world's leading e-commerce company and one of the most sought-after companies for communities looking to attract jobs and investment. This week, to gain insight into the process of winning an Amazon project, we looked over the long list of communities that have successfully landed Amazon facilities in the past two years and arranged a conference call with two seasoned economic developers: Adriana Cruz, President and CEO of the Greater San Marcos Partnership, and Jerry Mallot, President of the JAXUSA Partnership in Jacksonville, Florida. Here are their insights into successful working with this fast growing company and our guide to winning Amazon’s next project.
This week, we bring you the story of Menguin, a company that sought to bring the somewhat dated and often frustrating world of tuxedo rentals into the digital age with an online retail platform. The company was conceived on the campus of Indiana University and got its start in Atlanta, Georgia, but really found its stride when its co-founders took the advice of investor John James of Hayseed Ventures and relocated to Fayetteville, Arkansas. We talk to Justin Delaney, CEO of Menguin, and Brett Amerine, COO of Startup Junkie Consulting, to get the full story.
So what does 2017 look like in terms of site location decisions? How will the Trump Presidency impact corporate decision-making? And will new minimum wage increases in states like New York, California and Colorado change the landscape at all?
“The Project” sits down with Kathy Mussio, Managing Partner with Atlas Insight and Brett Bayduss, Executive Vice President of the Site Selection Group for their perspective on the year ahead. They share interesting answers to some difficult questions in the first podcast of the new year.