September/October 2011 | Trade and Industry Development

September/October 2011

Trade & Industry Development Magazine

Trade & Industry Development - September/October 2011

The manufacturing process has changed dramatically over the years, but at the core it is still the art of creation and production. Everything from shoes to CPUs to airplanes owes its existence to manufacturing. And in the U.S., the long overlooked importance of manufacturing is starting to reemerge. One of the few bright spots in our halting economic recovery has been manufacturing, and now the realization is dawning on policy makers that a “knowledge-based” economy cannot stand on its own and be sustainable unless it is also linked to the application of that knowledge – which means manufacturing.

In this issue, we examine manufacturing from several different angles, and offer advice to executives looking to expand their facilities. Paul Hampton, of Newmark Knight Frank, offers pragmatic solutions to companies that need to add facilities but are also focused on environmental initiatives. In his article on working with utilities, Larry Gigerich, of Ginovus, provides significant insight into what indications to look for in choosing a worthy utility partner. And Harry Moser, founder of the Reshoring Initiative, provides bottom-line value in his examination of the total cost of ownership, and how it relates to sourcing components and siting facilities. Also, Jennifer Alten examines the benefits offered by Foreign Trade Zones, and Linda Dobel takes a look at some of the designated sites in North America. Douglas K. Woods, president of the Association for Manufacturing Technology, provides a clear snapshot of manufacturing in America and the developing trends. And Dennis Donovan, of WDG Consulting, charts the outlook for facility expansions throughout the rest of the year and into 2012.
 

In this issue

State of Tennessee: Jobs4TN: A New Approach to Economic Development in Tennessee

BY: William F. Hagerty, IV

When Governor Bill Haslam appointed me as commissioner of Economic and Community Development (ECD) for the state of Tennessee in January 2011, I knew the job ahead would be challenging. Governor Haslam ran on a platform of job creation, and he was ready to fulfill those promises. My department was tasked by the Governor’s office to conduct a top-to-bottom review of our policies and programs, with the ultimate goal of creating an economic development plan that would accomplish the top priority of the governor: To make Tennessee the Number 1 location in the Southeast for high-quality jobs. more....