BisNow: The Return Of American Manufacturing Is Supercharging Industrial Construction
6 Jul 2022
News
The rate of construction spending on U.S. manufacturing facilities has reached its highest point this millennium, as corporations increasingly see the benefits of shifting their factories closer to home.
As supply chains continue to face pandemic-related bottlenecks and lockdowns in China, references to relocating production facilities — using keywords like "onshoring," "reshoring" and "nearshoring" — skyrocketed over 1,000% from pre-pandemic levels on earnings calls for publicly traded companies, Bloomberg reported Wednesday.
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BOVEY — Highland Holdings LLC announced Wednesday that it has signed an agreement to purchase Precision Manufacturing Co. Inc., of Dayton, Ohio, with the deal slated to close in the third quarter of this year.
Highland Holdings purchased Bovey-based MNSTAR, its first wire-harness manufacturer, nearly two years ago, and...
Amazon pays $6.67M for Centerville site
Jul 5 2022Amazon has closed on the land it needs for a 141,000-square-foot warehouse in Centerville, a project that’s expected to bring hundreds of jobs to the Anoka County city.
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According to the U.S. Bureau of Labor Statistics, unemployment has fallen to pre-pandemic levels, but that doesn’t mean the workforce is simply returning to normal. In March of 2022, a record 4.5 million Americans quit their jobs, leaving 1.9 job openings for every unemployed worker. According to the Institute of...
Tom Lambrecht