Site Selection's 2000 Top 10 Development Deals

Corporate Campuses to House Semiconductor Manufacturing Plants

Dominate List of U.S.'s Top New or Expanded Facilities in 2000



Apr 27, 2001, 01:00 ET from Conway Data Inc.

    ATLANTA, April 27 /PRNewswire/ -- "Site Selection" magazine has selected
 its top 10 development deals for 2000, and they're bona fide blockbusters.
 While 1999's top deals averaged 3,334 jobs and a capital investment of $305.5
 million each, 2000 topped both of those standards, the top 10 deals for 2000
 averaged 4,215 jobs created and $1.15 billion in capital investment.  Selected
 by Site Selection's editors, the top 10 deals for 2000 are profiled in the
 magazine's May issue and contain some of the world's best-known corporate
 names, including General Motors, IBM, Intel, Motorola, Nissan and WorldCom.
     Explains "Site Selection" Editor, Ron Starner, "When it comes to naming
 the Top 10 Development Deals of the year, there is always stiff competition,
 and this year it was no different.  States and metro areas alike competed
 intensely for these awards, and the numbers they posted in 2000 -- in terms of
 capital investment, jobs and square footage -- bear that out."
     "In several cases," Starner says, "states and metro areas set all-time
 records for capital investment achieved in new plant facilities in one year.
 And in the case of New York, its $2.5 billion deal with IBM set an all-time
 record for capital investment for the state.  Clearly, 2000 was a banner year
 for many economic developers, no matter how you look at it."
     The entire Top 10 Deals article is in the May 2001 edition of "Site
 Selection" and will appear in the online version (www.siteselection.com ) on
 May 9. Here's a capsule review:
     Capital One, Richmond, Va.:  Beating out Dallas and Tampa for this coveted
 corporate expansion, the Greater Richmond Partnership captured the crown jewel
 of financial services deals in 2000 by securing a US$700 million, 8,000-job
 expansion for Capital One.  The Falls Church, Va.-based credit card issuer
 announced in October that it will place 7,000 of these new jobs at three
 campuses in the Richmond metropolitan area.  State incentives offered to
 secure the deal amounted to about $35 million.
     General Motors, Lansing, Mich.:  Sending a message that it will compete
 vigorously with every other state that's hungry for high-paying automotive
 assembly jobs, Michigan committed a $256 million incentive package last June
 to entice General Motors to build two plants just outside Lansing.
     The payoff comes in the form of a $1 billion capital investment by the
 world's largest industrial corporation and vehicle manufacturer.  The two
 projects in Lansing and Delta Township retain 28,561 jobs and add 2,800 new
 jobs to the area.
     IBM, East Fishkill, N.Y.: IBM's global advertising campaign asks the
 question, "Are you ready for e-business?" The state of New York can now answer
 that question with a resounding "yes" after securing a commitment from Big
 Blue to build a $2.5 billion semiconductor plant in East Fishkill, N.Y.
     Billed as the largest capital investment by the private sector in state
 history and the biggest in America since 1995, the IBM chip plant in Dutchess
 County also represents a breakthrough in computer processing technology. The
 1,000-employee facility will manufacture the next-generation 300-millimeter
 wafer and will become the first such plant to mass-produce the 12-inch
 product.
     IDEC Pharmaceuticals, Oceanside, Calif.:  lans call for IDEC to build a
 1.37 million-sq.-ft. (127,273-sq.-m.) manufacturing and R&D facility on a 60-
 acre (24-hectare) campus in the Ocean Ranch Corporate Centre in Oceanside,
 which is between San Diego and Orange County.  The company also has a two-year
 option on an additional 30 acres (12 hectares) at the site. Incentives played
 a key role in IDEC's decision to locate the $1.25 billion, 2,400-employee
 pharmaceutical plant in Oceanside.  Those incentives include $3.43 million in
 city building fee exemptions over 10 years, $5.3 million in municipal personal
 property tax rebates over 10 years, and a State of California Employment
 Training Panel subsidy of $450,000.
     Intel Corp., Rio Rancho, N.M.:  Intel Corp.'s latest expansion project in
 Rio Rancho, N.M., is staggering:
     *  At a total value of $2 billion, the semiconductor fab expansion near
        Albuquerque ranks as the second-largest corporate facility announcement
        of 2000.
     *  The deal adds 1,000 full-time employees to an existing work force of
        5,500 Intel employees and 5,600 contract workers at the Rio Rancho
        campus.
     *  The construction project will add a total of 1 million sq. ft.
        (92,900 sq. m.) of new space, including 135,000 sq. ft. (12,542 sq. m.)
        of new computer chip manufacturing space. Upon completion in 2002, the
        site will be the world's largest clean-room facility for the
        manufacturing of microprocessors.
     Motorola, Dunfermline, Scotland:  Already the largest private-sector
 employer in Scotland, Motorola upped the ante by selecting the country's
 ancient capital some 15 miles (24 kilometers) northeast of Edinburgh to become
 the site of the company's largest European semiconductor plant. The $2 billion
 facility, which will employ 1,350 workers, will also serve as Motorola's
 European operations center.
     Nissan, Canton, Miss.:  With nearly $300 million in state incentives
 sweetening the pot, Nissan Motor Co. announced in early November 2000 that it
 would build a $950 million automotive assembly plant near Jackson, Miss. After
 considering Alabama as the other location finalist, the Japanese company
 selected a site in Madison County, Miss., just south of the town of Canton.
 Some 4,000 new jobs will be created in this city of 12,000 people.
     "This is the largest plant Nissan announced they will build this entire
 year and is in the top 1 percent of all economic development projects
 announced in the entire United States this year," said Mississippi Gov. Ronnie
 Musgrove.
     USAA Insurance, Phoenix, Ariz.:  In terms of employment impact, no
 economic development deal in America last year created more jobs than USAA
 Insurance's blockbuster announcement in Arizona. The $148 million, 15,000-job
 project nearly doubled the country's second largest job announcement --
 Capital One's 8,000-job deal in Richmond, Va.
     More importantly, the total estimated payroll of the new USAA complex in
 Phoenix is projected to be $510 million a year, making USAA one of the largest
 economic engines in this rapidly growing metro area of 3 million people.
     Vanguard Group, Malvern, Pa.: How big was The Vanguard Group's decision
 last year to expand its world headquarters in Chester County, Pa.? By the
 numbers, the deal was huge:
     *  The creation of 6,000 jobs at the corporate complex in Malvern makes
        the Vanguard deal Pennsylvania's largest jobs project in 25 years.
     *  By keeping the nation's second-largest mutual fund company from moving
        to neighboring Delaware, the Quaker State made sure that it retained
        the 8,200 workers already employed by Vanguard in Chester County.
     *  Vanguard anticipates spending $500 million on building a new office
        park on a 245-acre (99-hectare) tract near the Downington interchange
        of the Pennsylvania Turnpike in Uwchlan Township.
     WorldCom, Alpharetta, Ga.:  By 2003, the WorldCom plans to construct
 500,000 sq. ft. (46,450 sq. m.) of new office space and add 600 new jobs at a
 new $450 million corporate campus in Alpharetta.  "This is a major milestone
 for us," said Brian Brewer, senior vice president of WorldCom. "It is so
 important to recruit and retain good talent.  We want an environment that is
 conducive to recruiting. Alpharetta really has become the technology and e-
 business crossroads."
 
     Site Selection's 2000 Top Development Deals
     ($US indicates capital investment)
 
     Capital One: $700 million; 8,000 jobs
     General Motors: $1 billion, 2,800 jobs
     IBM: $2.5 billion, 1,000 jobs
     IDEC Pharmaceuticals: $1.25 billion, 2,400 jobs
     Intel: $2 billion, 1,000 jobs
     Motorola: $2 billion, 1,350 jobs
     Nissan: $950 million; 4,000 jobs
     USAA Insurance: $148 million, 15,000 jobs
     Vanguard Group: $500, 6,000 jobs
     WorldCom: $450 million, 600 jobs
 
     Site Selection magazine, published by Conway Data Inc., delivers expansion
 planning information to 45,000 executives of fast-growing firms in 117
 countries.  The senior publication in the development field, "Site Selection"
 is the official publication of the International Development Research Council
 (IDRC).  The magazine's content is available online in the Site Selection
 Insider (www.siteselection.com ).  SiteNet Dispatch, a weekly e-mail
 newsletter, goes to 10,000-plus corporate real estate executives.
     Conway Data is an international publishing and economic development
 information company headquartered in Atlanta.  The firm manages IDRC and the
 World Development Federation (WDF), offers consulting services, and awards the
 annual Conway Safe Skies Award and the Liston Award for Development
 Journalism.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X36588883
 
 

SOURCE Conway Data Inc.
    ATLANTA, April 27 /PRNewswire/ -- "Site Selection" magazine has selected
 its top 10 development deals for 2000, and they're bona fide blockbusters.
 While 1999's top deals averaged 3,334 jobs and a capital investment of $305.5
 million each, 2000 topped both of those standards, the top 10 deals for 2000
 averaged 4,215 jobs created and $1.15 billion in capital investment.  Selected
 by Site Selection's editors, the top 10 deals for 2000 are profiled in the
 magazine's May issue and contain some of the world's best-known corporate
 names, including General Motors, IBM, Intel, Motorola, Nissan and WorldCom.
     Explains "Site Selection" Editor, Ron Starner, "When it comes to naming
 the Top 10 Development Deals of the year, there is always stiff competition,
 and this year it was no different.  States and metro areas alike competed
 intensely for these awards, and the numbers they posted in 2000 -- in terms of
 capital investment, jobs and square footage -- bear that out."
     "In several cases," Starner says, "states and metro areas set all-time
 records for capital investment achieved in new plant facilities in one year.
 And in the case of New York, its $2.5 billion deal with IBM set an all-time
 record for capital investment for the state.  Clearly, 2000 was a banner year
 for many economic developers, no matter how you look at it."
     The entire Top 10 Deals article is in the May 2001 edition of "Site
 Selection" and will appear in the online version (www.siteselection.com ) on
 May 9. Here's a capsule review:
     Capital One, Richmond, Va.:  Beating out Dallas and Tampa for this coveted
 corporate expansion, the Greater Richmond Partnership captured the crown jewel
 of financial services deals in 2000 by securing a US$700 million, 8,000-job
 expansion for Capital One.  The Falls Church, Va.-based credit card issuer
 announced in October that it will place 7,000 of these new jobs at three
 campuses in the Richmond metropolitan area.  State incentives offered to
 secure the deal amounted to about $35 million.
     General Motors, Lansing, Mich.:  Sending a message that it will compete
 vigorously with every other state that's hungry for high-paying automotive
 assembly jobs, Michigan committed a $256 million incentive package last June
 to entice General Motors to build two plants just outside Lansing.
     The payoff comes in the form of a $1 billion capital investment by the
 world's largest industrial corporation and vehicle manufacturer.  The two
 projects in Lansing and Delta Township retain 28,561 jobs and add 2,800 new
 jobs to the area.
     IBM, East Fishkill, N.Y.: IBM's global advertising campaign asks the
 question, "Are you ready for e-business?" The state of New York can now answer
 that question with a resounding "yes" after securing a commitment from Big
 Blue to build a $2.5 billion semiconductor plant in East Fishkill, N.Y.
     Billed as the largest capital investment by the private sector in state
 history and the biggest in America since 1995, the IBM chip plant in Dutchess
 County also represents a breakthrough in computer processing technology. The
 1,000-employee facility will manufacture the next-generation 300-millimeter
 wafer and will become the first such plant to mass-produce the 12-inch
 product.
     IDEC Pharmaceuticals, Oceanside, Calif.:  lans call for IDEC to build a
 1.37 million-sq.-ft. (127,273-sq.-m.) manufacturing and R&D facility on a 60-
 acre (24-hectare) campus in the Ocean Ranch Corporate Centre in Oceanside,
 which is between San Diego and Orange County.  The company also has a two-year
 option on an additional 30 acres (12 hectares) at the site. Incentives played
 a key role in IDEC's decision to locate the $1.25 billion, 2,400-employee
 pharmaceutical plant in Oceanside.  Those incentives include $3.43 million in
 city building fee exemptions over 10 years, $5.3 million in municipal personal
 property tax rebates over 10 years, and a State of California Employment
 Training Panel subsidy of $450,000.
     Intel Corp., Rio Rancho, N.M.:  Intel Corp.'s latest expansion project in
 Rio Rancho, N.M., is staggering:
     *  At a total value of $2 billion, the semiconductor fab expansion near
        Albuquerque ranks as the second-largest corporate facility announcement
        of 2000.
     *  The deal adds 1,000 full-time employees to an existing work force of
        5,500 Intel employees and 5,600 contract workers at the Rio Rancho
        campus.
     *  The construction project will add a total of 1 million sq. ft.
        (92,900 sq. m.) of new space, including 135,000 sq. ft. (12,542 sq. m.)
        of new computer chip manufacturing space. Upon completion in 2002, the
        site will be the world's largest clean-room facility for the
        manufacturing of microprocessors.
     Motorola, Dunfermline, Scotland:  Already the largest private-sector
 employer in Scotland, Motorola upped the ante by selecting the country's
 ancient capital some 15 miles (24 kilometers) northeast of Edinburgh to become
 the site of the company's largest European semiconductor plant. The $2 billion
 facility, which will employ 1,350 workers, will also serve as Motorola's
 European operations center.
     Nissan, Canton, Miss.:  With nearly $300 million in state incentives
 sweetening the pot, Nissan Motor Co. announced in early November 2000 that it
 would build a $950 million automotive assembly plant near Jackson, Miss. After
 considering Alabama as the other location finalist, the Japanese company
 selected a site in Madison County, Miss., just south of the town of Canton.
 Some 4,000 new jobs will be created in this city of 12,000 people.
     "This is the largest plant Nissan announced they will build this entire
 year and is in the top 1 percent of all economic development projects
 announced in the entire United States this year," said Mississippi Gov. Ronnie
 Musgrove.
     USAA Insurance, Phoenix, Ariz.:  In terms of employment impact, no
 economic development deal in America last year created more jobs than USAA
 Insurance's blockbuster announcement in Arizona. The $148 million, 15,000-job
 project nearly doubled the country's second largest job announcement --
 Capital One's 8,000-job deal in Richmond, Va.
     More importantly, the total estimated payroll of the new USAA complex in
 Phoenix is projected to be $510 million a year, making USAA one of the largest
 economic engines in this rapidly growing metro area of 3 million people.
     Vanguard Group, Malvern, Pa.: How big was The Vanguard Group's decision
 last year to expand its world headquarters in Chester County, Pa.? By the
 numbers, the deal was huge:
     *  The creation of 6,000 jobs at the corporate complex in Malvern makes
        the Vanguard deal Pennsylvania's largest jobs project in 25 years.
     *  By keeping the nation's second-largest mutual fund company from moving
        to neighboring Delaware, the Quaker State made sure that it retained
        the 8,200 workers already employed by Vanguard in Chester County.
     *  Vanguard anticipates spending $500 million on building a new office
        park on a 245-acre (99-hectare) tract near the Downington interchange
        of the Pennsylvania Turnpike in Uwchlan Township.
     WorldCom, Alpharetta, Ga.:  By 2003, the WorldCom plans to construct
 500,000 sq. ft. (46,450 sq. m.) of new office space and add 600 new jobs at a
 new $450 million corporate campus in Alpharetta.  "This is a major milestone
 for us," said Brian Brewer, senior vice president of WorldCom. "It is so
 important to recruit and retain good talent.  We want an environment that is
 conducive to recruiting. Alpharetta really has become the technology and e-
 business crossroads."
 
     Site Selection's 2000 Top Development Deals
     ($US indicates capital investment)
 
     Capital One: $700 million; 8,000 jobs
     General Motors: $1 billion, 2,800 jobs
     IBM: $2.5 billion, 1,000 jobs
     IDEC Pharmaceuticals: $1.25 billion, 2,400 jobs
     Intel: $2 billion, 1,000 jobs
     Motorola: $2 billion, 1,350 jobs
     Nissan: $950 million; 4,000 jobs
     USAA Insurance: $148 million, 15,000 jobs
     Vanguard Group: $500, 6,000 jobs
     WorldCom: $450 million, 600 jobs
 
     Site Selection magazine, published by Conway Data Inc., delivers expansion
 planning information to 45,000 executives of fast-growing firms in 117
 countries.  The senior publication in the development field, "Site Selection"
 is the official publication of the International Development Research Council
 (IDRC).  The magazine's content is available online in the Site Selection
 Insider (www.siteselection.com ).  SiteNet Dispatch, a weekly e-mail
 newsletter, goes to 10,000-plus corporate real estate executives.
     Conway Data is an international publishing and economic development
 information company headquartered in Atlanta.  The firm manages IDRC and the
 World Development Federation (WDF), offers consulting services, and awards the
 annual Conway Safe Skies Award and the Liston Award for Development
 Journalism.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X36588883
 
 SOURCE  Conway Data Inc.