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Large Site Selection Projects Announced Summer 2022

by King White, on Sep 21, 2022 9:43:05 AM

U.S. mega site selection project activity continues despite the challenging labor market and inflationary conditions. Site Selection Group strives to keep companies aware of these projects as they can impact your site selection decisions. During the summer of 2022, several mega projects were announced. Companies considering relocation or expansion should be aware of these large projects as their impact can be far-reaching.

Site selection drivers for mega projects

These projects typically have significant impacts on the community in which they locate due to significant job creation and massive capital investment not to mention the indirect benefits a community realizes. The projects are typically attracted to a community by a combination of labor availability, logistics, operating costs, tax and business climate, real estate, and economic incentives. It is important to evaluate the site selection criteria with an unbiased process, reliable data, and market intelligence.

The electric vehicle and semiconductor industries are most active

The electric vehicle and semiconductor industries have been the most active. From vehicle production and lithium battery production, the automotive and related transportation sectors are going through a massive transformation. The semiconductor supply chain problems during the COVID-19 pandemic combined with government subsidies have created a wave of new semiconductor manufacturing projects in the U.S. There are some other interesting projects such as Lego’s new manufacturing plant in Virginia and Goldman Sachs’ regional headquarters in Dallas.

Mega site selection projects in the summer of 2022

The following is a list of some of the biggest project announcements during the Summer of 2022.

Company Location Project Type Capex ($M) # of Jobs Economic Incentives ($M)
Hyundai Motor Company Savannah, GA Electric Vehicle Manufacturing Plant $5,500 8,100 $1,800
GlobiTech Sherman, TX Semiconductors $5,000 1,500 $49
Panasonic Corporation De Soto, KS Lithium Ion Battery Manufacturing $4,000 4,000 $829
Starplus Energy Kokomo, IN Electric Vehicle Batter Manufacturing $2,620 1,400 $1,342
Ford Motor Company Multiple locations, MI Automotive Manufacturing $2,000 3,200 $135
CF Industries Ascension Parish, LA Blue Ammonia Manufacturing $2,000 103 $6
SkyWater Technology West Lafayette, IN Semiconductors $1,800 750 $72
Lego Chesterfield, VA Toy Manufacturing $1,000 1,760 $56
Hankook Tire and Technology Clarksville, TN Tire Manufacturing $612 397 $6
Amazon Niagara Falls, NY Distribution Center $550 1,000 $124
Bridgestone Americas Morrison, TN Tire Manufacturing $550 380 $8
Eli Lilly and Company Boston, MA Life Sciences $500 25 $0
Goldman Sachs Group Dallas, TX Regional Headquarters $480 5,000 $18
Global Life Sciences Solutions Muskegon, MI Medical Therapeutics $430 200 $6

 

Conclusions

It is critical to evaluate the potential impact of these large projects on your company if you have operations near them or have been evaluating the location for a new facility. To help you stay ahead of these projects, please contact one of our site selection experts to help you evaluate your options.

Topics:ManufacturingEconomic IncentivesSite Selection GroupSite SelectionElectronic VehiclesSemiconductor

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