EV Revolution Creates Massive Need for New Auto Production Facilities
27 Sep 2022
The race is on to lead the auto industry’s electric vehicle (EV) transformation. Today, Tesla holds a sizable lead in production capability, technology, and market share, but legacy manufacturers like Ford, Volkswagen, and General Motors are gaining ground with aggressive efforts to prepare for mass production of new EV models.
According to the International Energy Agency, global EV sales could reach 200 million by 2030, up from just 10 million a decade earlier. The future of the industry is being decided now, and stakeholders everywhere are investing accordingly, from manufacturers and their suppliers to government agencies and environmental organizations.
Life sciences has become much more than a niche sector on the outskirts of commercial real estate — and, like other accelerating sectors in real estate, it is experiencing growing pains. Demand for space is being driven by promising new technologies and medical advancements moving from research to everyday miracles....
Area Development’s 17th Annual Shovel Awards Recognize State and Local Economic Development Efforts — First Two Platinum Shovels AwardedSep 23 2022
The national news headlines in 2021 shifted dramatically, from wall-to-wall pandemic coverage to stories of extraordinary economic growth and recovery. After a dramatic downturn in 2020, the economy came roaring back with unexpected gusto — and that enthusiasm is reflected in the economic development activity that was bringing smiles and...
A Fast Track to Filling the Workforce PipelineSep 22 2022
As more and more baby-boomers take early retirement during the pandemic and the opioid crisis contributes to national skills gap problems, a Virginia community college is coming up with innovative ways to speed up the training of badly needed workers. An hour south of the nation’s capital, Germanna Community...