Business Facilities - December 2007 - (Page 21)

How Three Projects Spanning Six States Became the Favorites of Five Judges Project Title #1: BlueRay Technologies Project Entered By: Greater Spokane, Inc. Project Title #2: Canon USA, Inc. Entered By: Suffolk County Department of Economic Development & Workforce Project Title #3: Orion Value Circle Entered By: Lockheed Martin Corporation/ Hickey & Associates, LLC T IMAGES PROVIDED BY BLUE RAY TECHNOLOGIES; INSIDE DIGITAL PHOTO; TIMBERLAKE PUBLISHING hree Economic Development Deal of the Year Award entries, while not winners per se, received high praise and personal top scores from one or more judges. BlueRay Technologies’ manufacturing facility in Spokane, WA, Canon’s new headquarters in Suffolk County, NY, and Lockheed’s multistate aerospace venture all exhibit characteristics of the best entries reviewed this year. BlueRay Technologies, a pioneer of DVD manufacturing technology, selected Spokane over cities in Southern California, New Mexico, and Iowa for its manufacturing facility. Submitted by Greater Spokane, Inc., this project received judge Frank Mancini, Jr.’s highest score. The company will create 400 new jobs and have more than $183 million in direct economic impact in the Spokane region. BlueRay’s vision to return a share of the DVD manufacturing market back to America from overseas, while staying committed to environmentally friendly operations, was especially noteworthy. BlueRay will use solar heating for its Spokane facility, and rainwater will be captured to help sustain vegetation growing on the building’s rooftop. Heat generated from manufacturing equipment in the basement will be reused to heat the levels above. Greater Spokane, Inc., BlueRay, and real estate agents were able to find the company a building that met its specific requirements. Judges Frank Sherwood and Jan Dickinson both gave perfect scores to the Department of Economic Development and Workforce in Suffolk County, NY for its deal with Canon USA, Inc. The company’s decision to locate its $459 million, 864,000square-foot headquarters on 52 acres of land on Long Island was influenced by a $35 million tax relief package put together by the Suffolk Industrial Development Agency. The Suffolk County town of Huntington, NY amended its zoning code to permit Canon’s headquarters, which is expected to be completed in 2010. These incentives were offered on the promise that Canon will bring its current 1,260 employees, with an average salary of $75,000, to Suffolk from neighboring Nassau County, NY, and add 800 jobs in the 10 years following the completion of the new facility. The average wage will then be $119,000. Judges Howard Silverman and Don Schjeldahl awarded their top scores to the strategic partnership between Lockheed Martin Corporation and site selection firm Hickey & Associates, LLC, and to the states of Colorado, Florida, Louisiana, and Texas. Lockheed aimed to bid on the Orion contract, which called for the design and production of a new manned spacecraft for NASA. With help from Hickey & Associates, Lockheed approached the four states and informed them of the potential for significant capital gains, new jobs at high wages, and retention of expiring jobs if they helped to lower the spacecraft’s production costs. The states seized this opportunity, and an economic development public/private partnership was created to reduce the contract bid cost by $80 million. As a result of winning the bid, approximately 5,000 jobs will be created or retained and economic activity will be significantly enhanced across the four states. The $150 million capital investment has the potential to rise to $20 billion over the contract’s 10-year period. BUSINESS FACILITIES 21

Table of Contents Feed for the Digital Edition of Business Facilities - December 2007

Business Facilities - December 2007 Contents First Word Snapshots Metro Spotlight: Albuquerque, New Mexico Corporate Moves: North Carolina 2007 Ecomonic Development Deal of the Year Awards State of the Year Seeking Supply Chain Solutions Mississippi Means Business Corporate Moves: South Carolina Biomedical Momentum in Florida's High Tech Corridor Trends in Offshoring Metro Spotlight: Stillwater, OK Metro Spotlight: Atlanta, GA Advertiser Information 2007 Salary Survey

Business Facilities - December 2007

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