The Leader - May/June 2008 - (Page 64)

G l o B aliz a tion 2 .0 : site selection co ns ultants s co uri nG tHe G lo Be to Me e t cli e nts ’ De ManD s nomic development agencies in the world. partners are essential, Spee said, but converselY … For its part, Dublin is no longer a low-cost wages for Eastern European manageEmerging political risks and piracy backwater, but one of Europe’s most vibrant ment are approaching rates of their of intellectual materials may yield cities and home to a plethora of high-tech counterparts in Western Europe, the some emerging markets not worth and pharmaceuticals investment. U.S. and Canada. the risk, though. “If you’re looking at lowFor example: Venezuela. ering operational costs, it Though a resource-rich Wind farms grow along the Plains, creating boundless energy for the United States from a natural resource still may be feasible to go to nation, North American Amarillo has known for generations. Eastern Europe, but if you’re and Western European a smaller organization with multinationals are loathe a number of management to invest in Hugo Chavez’s positions to fill, you may not nationalized economy. realize the cost effectiveness In China, many elecof your initial plan,” Spee said. tronics, entertainment and other high-tech companies Also, repatriating profits opt to produce compofrom Eastern European – nents rather than finished as well as other parts of products to limit piracy the world – poses a whole With millions of uninterrupted and hacking. Some firms new dynamic for multinaoperating in India allow no tionals as they maneuver miles of horizon, the High Plains of personal items at work stathrough tax laws in develTexas is rapidly becoming a leader tions, and many desktops oping nations. are not equipped with USB “Those factors are relain the search for renewable energy drives. Sure, similar meatively new for our considsources. Dependable winds and sures are taken across the eration, and they play an globe, and similar problems important role in where more than 300 annual days of sun exist in the most developed you locate a plant in the make Amarillo the natural choice economies. But, those econworld market,” Sisson said. omies also tend to offer Just across the Irish Sea, for alternative energy companies. greater copyright protecEastern European countries tions and recourse options. have a nearby example to serve as inspiration. Once These issues make it known for little more even more important for beyond Guinness and site selection consultants TEXAS Jameson’s, wool, legendto fully understand clients’ ary poets and U2 – not that tolerance for political and The Leader The Amarillo Economic Development Corporation those aren’t all great things intellectual-property risk, 3-24-08 – Ireland had approximately Sisson said. amarilloedc.com Half Page Island 806.379.6411 300 jobs created directly “Therexare a lot of great 4.5 6.71 801 S. Fillmore, Suite 205 from foreign investment per opportunities to make 4/c Amarillo, Texas, 79101 100,000 inhabitants in 2006, money, but you may not according to IBM Business want to take the political Services, and has become an risk,” Sisson said. economic development powerhouse over “Over the past 10 or 15 years, Ireland Also, with a flurry of new wealth in the past decade. Along with its counterhad moved from a low-cost, less develChina and India and skyrocketing oil part in Singapore, the Irish Development oped location to a high-quality, develrevenues lining the pockets of both fully Agency is recognized as one of the top ecooped business environment,” Spee said. legitimate and less-than-savory organi- Winds of change are energizing Amarillo. AMARILLO tH e le aDe r 64 MaY / j u n e 2008 http://amarilloedc.com http://amarilloedc.com

Table of Contents Feed for the Digital Edition of The Leader - May/June 2008

The Leader - May/June 2008 Leadership Contents Message from the CEO Real Estate in the News Green Real Estate Work Without Boundries Building Flexibility Into the Business Strategy Multi-Generational Work-Force Design Work Force Longevity Analysis Wells Fargo's David Nelson Pennsylvania's Michael Rossman Globalization 2.0 Site Selection Consultant Directory The New York Report: A Core of Traditional and State-of-the-Art Opportunities Discovery Forum Findings Industry Tracker Young Leader Career Development Effective Leadership Economic Development in the News A Look Ahead In Our Next Issue Calendar of Seminars Index of Advertisers Executive Development Spotlight

The Leader - May/June 2008

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