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 | | Automotive, Aerospace and Light Manufacturing |
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| | The process of site selection has always been complex. In the past, companies looked for a good building site in close proximity to suppliers and transportation routes, a suitable workforce and educational resources that helped them fill positions, a location that came with local and state incentives and quality of life factors that made for happy employees. While all these things are still necessary components, new parts have been added to the site selection clockworks in recent years, and in this issue, we discuss these new factors. Read more...
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| | Featured Location | |
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The Visalia Economic Development Corporation is a nonprofit focused on supporting Visalia Industrial Park (VIP) businesses. We help to develop training programs, connect employers for mutual benefit, share ideas and successes. Location, available labor and affordable homes and land make the VIP ideal from a business perspective. The VEDC helps make Visalia ideal as we create community. ....Read more |
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| | Featured Articles | |
| | Diversification—and Survival—in the Auto Industry | |
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| |  | Traditionally, in the auto industry, the concept of diversification has applied mainly to product mix, overreliance on profit-leading models, single markets for suppliers and utilization of a disproportionate share of localized labor forces. Weaknesses in these areas have periodically been exposed by softening demand during cyclical downturns. Read more... | |
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| | How the Aviation Industry Can Benefit from Blockchain Technology | |
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| | In the aerospace and aviation industries, one growing area of innovation that has yet to be fully explored is blockchain technology. Experts agree that sharing data about aircraft history, maintenance and operations will allow aviation companies—and the industry overall—to realize efficiencies and savings and to optimize performance and safety. Read more... |  | |
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| | How Will Tariffs Impact Reshoring in 2019? | |
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| |  | In 2018, the combined announcements of reshoring by U.S. companies and related foreign direct investment (FDI) by foreign companies remained strong, adding more than 145,000 jobs, with an additional 36,000 in revisions to the years 2010 through 2017. The number of companies reporting new reshoring and FDI was a record 1,389, up 38 percent from 2017. Read more... | |
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| | Light Manufacturing Provides a Heavy Lift for Economic Development | |
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| | Light manufacturing’s impact throughout the U.S. is anything but featherweight. To attract and retain businesses in light manufacturing, communities are offering workforce programs and promoting advantages such as easy logistics, proximity to raw materials and markets, Opportunity Zone designation and more. See what’s happening around the country. Read more... |  | |
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