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GT Podcast – Community Connection Series – Episode 15 – La Salle, IL: Small Town….Big Opportunities

Community Connection Podcast Cover Art for La Salle IL

GT Podcast – Community Connection Series – Episode 15 – La Salle, IL: Small Town….Big Opportunities

🌎 Discover the Hidden Gem for Business Expansion – LaSalle, IL! 🏗️🌿

In this episode of Community Connection, host Eric Kleinsorge sits down with Curt Badai, Economic Development Director for the City of LaSalle, Illinois. Together, they explore how this small but thriving city is making big moves in economic growth, workforce development, and business incentives.

🚀 What You’ll Learn:
✅ How LaSalle’s prime location and access to 20+ colleges create a sustainable workforce.
✅ The incentives and tax credits available for companies looking to expand or relocate.
✅ Why LaSalle’s industrial, warehousing, and agriculture sectors are booming.
✅ The quality of life perks that attract businesses and employees alike—state parks, festivals, and more!

Plus, hear Curt’s inspiring journey from a family farm to leading LaSalle’s economic transformation. If your company is looking for the perfect expansion opportunity, this is an episode you won’t want to miss!

🎧 Tune in now on Apple Podcasts, SoundCloud, or visit GlobalTradeMag.com!

For more information on Farmington, NM visit https://www.lasalle-il.gov/departments/economic-development

Check out more of our GT Podcast – Community Connection Series here!

Community Connection Podcast Cover Artwork for Farmington, NM

GT Podcast – Community Connection Series – Episode 14 – Farmington, NM: An Adventureland and Powerhouse for Business

Ever wonder if there’s a hidden gem—a community that’s not only primed for business success but also champions an unbeatable quality of life? 🌿🏢

On this week’s Community Connection, we uncover a remarkable location in New Mexico that’s attracting attention from forward-thinking industries. What makes it such a hotbed for opportunity? And what exactly is Bisti De-Na-Zin? (Hint: It’s otherworldly… and some say it looks like an alien landscape. 🛸👽)

Join us as we dive into: ✅ The target industries thriving in this community.
✅ How business and quality of life come together in one powerhouse location.
✅ A surreal destination that will leave you questioning if you’ve stepped onto another planet.

Tune in for an episode packed with insights, inspiration, and a touch of the extraordinary. Don’t miss it!

🎧 Listen now

For more information on Farmington, NM visit https://farmingtonnm.gov/edd

Check out more of our GT Podcast – Community Connection Series here!

Podcast cover art for Community Connection Podcast with Sevier County

GT Podcast – Community Connection Series – Episode 13 – Sevier County, Utah: A Rural Powerhouse

In today’s exciting episode of Community Connection, we’re chatting with Sevier County’s Economic Development Director, Malcolm Nash. Tune in as we explore the perfect blend of business success and adventure — can you really build a thriving business while taking in the breathtaking view from the top of a 9,000-foot mountain in a single day? We’ll also dive into whether it’s possible to create a sustainable, quality workforce from a rural Utah community, and how Sevier County is harnessing its natural power sources to fuel growth. Plus, if you’ve ever wondered about the correct way to pronounce the county’s name — we’ve got the answer!

For more information on Sevier County, Utah visit https://sevieredc.com/

Check out more of our GT Podcast – Community Connection Series here!

county

Madison County Welcomes Amazon Web Services: Mississippi’s Largest Economic Development Project

Madison County, Mississippi, January 2024 – Madison County Economic Development Authority (MCEDA) proudly announces the monumental arrival of Amazon Web Services, Inc. (AWS), heralding the largest economic development project in Mississippi’s history. With a staggering $10 billion planned capital investment, AWS is set to revolutionize the state’s technological landscape while generating a minimum of 1,000 new job opportunities within Madison County.

The collaboration between AWS and Madison County underscores a strategic alignment in preparing and optimizing industrial sites over the past five years. This foresight has positioned the county as an ideal hub for technological advancements, culminating in the successful landing of this transformative economic endeavor.

AWS, renowned as the world’s most comprehensive cloud service provider, will establish multiple data center campuses within two Madison County industrial parks. These state-of-the-art facilities will empower businesses across diverse sectors, including healthcare, manufacturing, automotive, financial services, public sector, and telecom, to leverage cutting-edge cloud computing solutions.

Key Quotes:

1. Governor Tate Reeves lauds Mississippi’s burgeoning business climate and readiness for technological innovation, emphasizing the state’s commitment to preparing its workforce for high-paying jobs in the technology sector.

2. MDA Executive Director Bill Cork expresses pride in facilitating the landmark $10 billion project, highlighting its significant impact on Mississippi’s economic landscape and the creation of quality employment opportunities.

3. AWS Director of Economic Development, Roger Wehner, underscores the company’s commitment to fostering talent development and educational programs in Mississippi, aiming to support the state’s growth and prosperity.

4. Haley Fisackerly, President and CEO of Entergy Mississippi, applauds Mississippi’s robust infrastructure and business-friendly environment, essential for attracting high-tech industries like AWS.

5. AccelerateMS Executive Director Ryan Miller commends Governor Reeves’ leadership in driving economic momentum and expanding opportunities for Mississippians in cutting-edge job sectors.

6. MCEDA Executive Director Joseph Deason extends a warm welcome to AWS, highlighting Madison County’s business-friendly environment and skilled workforce.

7. Gerald Steen, President of the Madison County Board of Supervisors, and Ridgeland Mayor Gene McGee express gratitude for the collaborative efforts that secured AWS’s investment, acknowledging its transformative impact on the county and state.

This historic partnership between AWS and Madison County heralds a new era of economic growth and technological advancement, positioning Mississippi as a prime destination for innovation and investment in the digital age.

Podcast cover - GT Podcasts Episode 12 - Going Global Live Expo

GT Podcast – Community Connection Series – Episode 12 – Going Global Live Expo

In today’s episode of Community Connection, we speak with Going Global Live’s Event Director, Reggie Chard, to learn about a trade show that is truly taking over the world.  We will see why someone should attend and how someone could benefit from exhibiting.  We are also going to take a look at the importance of globalization in our world economy.

For more information on Going Global Live,  visit https://www.goinggloballive.co.uk/

Check out more of our GT Podcast – Community Connection Series here!

podcast cover art for GT Podcast - Junction City, KS

GT Podcast – Community Connection Series – Episode 11 – Junction City: ELITE City of Kansas Taking Growth to a New Level

In this episode of Community Connection, we will speak with Economic Development Director,  Mickey Fornaro-Dean, to learn about what makes Junction City, Kansas such a special and unique opportunity for business. What are the workforce, transportation, and land opportunities that are being capitalized on? And what the heck was Custer doing in this opportunity-rich community?

For more information on Junction City-Geary County Economic Development Commission,  visit https://www.jcgced.com/

Check out more of our GT Podcast – Community Connection Series here!

podcast cover art

GT Podcast – Community Connection Series – Episode 8 – Snyder: The Unknown Secret for Business in West Texas

In this episode of Community Connection, join GSLI’s Eric Kleinsorge as he speaks with Doug Dowler to learn why Snyder, TX is such an unknown secret to business, find out if it’s true we can find a white buffalo around the courthouse, and how this small town delivers a highly educated and affordable workforce.

For more information on the Development Corportion of Snyder, TX visit https://growsnyder.com/

Check out more of our GT Podcast – Community Connection Series here!

product paper global trade eco-friendly damage ratings retail packaging ISTA

How Outsourcing Packaging Can Improve Your Business

You might feel inclined to do everything independently when you start a business, from production to marketing, customer management, and packaging all done by a single company, beneath one roof. But, as you’ll soon learn, the modern economy can heavily incentivize you to outsource various aspects of your company.

Especially those that either take up to much workforce or require too much space. So, in this article, we will explore why outsourcing packaging can improve your business and how to find a decent company to do so.

Ways in which outsourcing packaging can improve your
business

When considering packaging, people often believe their team can handle it best. After all, what better way to connect your production to your packaging process than to have them done in the same building. And while this is theoretically true, it doesn’t paint the whole picture.

While packing your product can be more efficient, you must have the necessary space and workforce to make it so. Furthermore, just because your packaging process is efficient doesn’t mean that you will see an increase in revenue. Packaging speed is relevant for specific items, especially if you have the necessary storage space. Therefore, you’d be spending a lot of money to make your packaging process efficient while not getting anything in return.

Reduce business cost

With what we’ve said in mind, it shouldn’t come as a surprise that cost reduction is the first-way outsourcing packaging can improve your business. Namely, unless you have everything already set up, it will likely be more cost-effective to outsource your packaging to a third-party company. Yes, you will have to take shipping and storage into account, as well as some extra planning. But you can save a considerable amount of money.

Focus on your area of expertise

Properly managing a packaging department within a company requires resources. These do not only include the human resources that will pack your product and the space necessary for them to do so. But, it also includes further management staff. As you can imagine, all these resources can be saved and diverted into your area of expertise if you opt to outsource your packaging. Instead of worrying about whether you have proper packaging materials, whether your logo turned out right, and whether the staff is properly managed, you can focus on what you do best. Doing so will further improve your company and make the most of what you
already have.

While we are on the subject of recourses, it is worth mentioning that time is the most valuable resource, especially for a company manager. The time you will free up from outsourcing your packing can be used to improve your company further and increase overall revenue.

Finding a good packaging company

The only sure way in which outsourcing packaging can improve your business is if you find a good packaging company. All that we’ve mentioned so far will be for naught if you pair yourself up with subpar packers. The shipping, packaging, and storing process can be pretty complex, especially if you have a strict timeline. Therefore, it is in your utmost interest to do ample research and ensure that you pick the right packaging company for outsourcing.

Online reviews and ratings

The first step in finding a decent company to work with is to check online reviews and ratings. Any reputable company will be easy to find online on Google and the BBB website. What you are looking for are decent ratings from verifiable customers. Working with
companies that have little experience is a risk. And if your company heavily depends on the quality of the packing service, you should take as few risks as possible. Look for ratings and reviews that you know are credible, and see whether you can find companies similar to yours that worked with them previously.

Setting up for the long run

The idea of outsourcing your packaging implies that you will make a long-term business relationship with the packing company. As such, you not only need to research them, but you also need to outline your needs. Things like:

All of these are essential factors that you need to keep in mind. So don’t expect to set up a decent relationship with a simple phone call. Once you pick companies with suitable ratings and reviews, you will need to perform an interview. And during that interview, you must go over every aspect of your future business relationship. A contract outlining who is responsible for items and when is a must, and so is having a clearcut insurance policy.

Conclusion

It won’t take much experience to learn that outsourcing packaging can improve your business. You will not have to worry about the packaging process, which can be surprisingly difficult to
manage. You will also have more time and energy to focus on developing your business.
Considering the cost of setting up packaging within your company, with all the necessary supplies, staff, and extra space, you will soon see that outsourcing packing is often the more financially sound option. Nevertheless, working with a reputable company is the only way to reap the benefits of outsourcing your packaging. Reviews and ratings are your first step in finding a good company. And the rest are all about understanding your business needs and finding a company that will suit them.

Author bio

Amanda Waterson worked as a logistics manager for various shipping companies. She now focuses on consultation work and on writing helpful articles for companies like helixmove.com. In her free time, Amanda enjoys gardening.

 

resources

WHERE TO FIND THE NATURAL RESOURCES THAT ARE FEEDING U.S. BUSINESSES

Manufacturers operate complex supply chains that, in many cases, involve the movement of raw materials and resources from different parts of the world into their factories. 

It is an ever-moving puzzle. Indeed, manufacturing firms are often at the mercy of a range of factors outside of their control that can lead to disruptions, difficulties and, in extreme circumstances, halts in production. 

A timely reminder of this came in March when a 400-meter-long container vessel, the Ever Given, ran aground in the Suez Canal, blocking the waterway that is responsible for the safe passage of billions of dollars’ worth of goods and materials every year. Around 12% of global trade, including 1 million barrels of oil and 8% of liquefied natural gas, passes through the canal each day.


The blockage, caused by high winds, took six days to unjam and even took a human life in the process. Hundreds of other vessels were also delayed, a pile up which is thought to have consisted of almost $10 billion of goods.  

Meanwhile, as well as relying on the safe passage of goods from around the world, manufacturers are also having to take sustainability issues more seriously than ever before. 

In November, world leaders, including President Joe Biden, gathered in the U.K. for the 2021 United Nations Climate Change Conference, better known as COP26. Here, several key pledges were made to help move the world toward carbon neutrality, and there is no doubt that private sector organizations will have to play their parts in helping societies to successfully transition. In many cases, this could mean reassessing supply chains and the origin of key materials.  

Indeed, what if such materials were able to be sourced closer to home? 

There are various studies pointing toward consumers’ willingness to pay a premium for more sustainable products. IBM, for example, found that 57% of consumers are willing to change their purchasing habits to reduce negative environmental impacts, with 70% saying they would pay a premium of 35 percent, on average, for brands which are sustainable. Cheaper sourcing from abroad, it seems, could be compensated by customers who are willing to pay more for home-grown products. 

And the U.S. is home to an abundance of natural resources that are already supporting key manufacturing endeavors. Here, we explore just a few examples across states that can offer certain nearby manufacturers a competitive advantage.  

FORESTRY 

The U.S. is home to some vast areas of woodland that support key industries reliant on this versatile raw material. 

Globally, demand for wood-based products is steady. Indeed, the wood manufacturing market is projected to reach $502 billion in value by 2027, up from $442 billion in 2020–growing at a compound annual growth rate of 1.8% during the period. 

In America, according to the U.S. Forest Service, the forest products industry is among the top 10 manufacturing sector employers in 48 states. In terms of finances, this activity generates more than $200 billion a year in sales and pays about $54 billion in wages. 

The total amount of land covered by forests in the country is estimated to be around 750 million acres, with Alaska by far the most forested state. Oregon and California follow in second and third respectively. 

Several key industries are supported by this abundance of wood resources, including paper and pulp, furniture and construction. Moreover, around two thirds of American forested land is timberland, which is capable of producing industrially utilized wood. 

AGRICULTURE  

States home to a thriving agricultural scene could provide homegrown advantages to all manner of businesses, especially those operating in the food production supply chain. 

While there are many factors which determine the attractiveness of an area in regard to farming, soil quality is arguably the most important. 

In the U.S., mollisols are widely recognized to be the best growing soils due to a range of properties–namely, they are extremely fertile and of neutral pH. 

Resultantly, they constitute a large part of the country’s Wheat Belt and the wheat-growing area of Palouse in eastern Washington, with Illinois and Iowa also home to this favorable farming soil. 

Vermont is another state recognized for its high soil quality. While home to a variety, its official state soil is Tunbridge, which is described as “loamy and acidic” in nature. The state equally ranks highly across several factors such as farming infrastructure and investment. 

Agriculture also thrives in Nebraska. Here, the official state soil is Holdrege, which facilitates high yields because of its natural fertility and excellent moisture retention capacity. This translates into financials, with Nebraska’s corn yields being the third largest in the U.S. and worth $6.3 billion in 2018. 

California, however, is by far the country’s most prolific agricultural state. According to the latest figures from the U.S. Department of Agriculture’s Economic Research Service, California is responsible for 13.5% of all agricultural revenue in America. 

In 2020, the state recorded receipts of more than $49 billion across all agricultural commodities, nearly double that of Iowa ($26.2 billion) and 2.5 times the value of agricultural activity in Texas ($20.2 billion). 

There are many reasons why California is so well suited to growing crops. Not only is the western state home to some extremely fertile soil, but its climatic conditions also ensure the most is made of the quality of the land. It is the leading producer of a range of commodities, including wheat, lemons, oranges, grapes and avocados, and is among the most prolific grower of commonly consumed vegetables such as onions, lettuce, broccoli, carrots and mushrooms. Indeed, California produces more than 200 varieties of crops, with some being exclusive to the territory. 

This translates into an enticing prospect for businesses which rely on or work with a vast array of farmed ingredients. Rather than ship them in from abroad, setting up or sourcing from closer to home could provide sustainability, financial and risk-reducing supply chain advantages.

MINERALS

As well as abundant forests and vast swathes of prime agricultural land, the United States is also home to an array of minerals that serve all kinds of industrial activities. 

In 2020, mines across the country produced more than $82 billion worth of minerals, according to figures released in the 26th annual Mineral Commodity Summaries report from the USGS National Minerals Information Center. 

“Industries–such as steel, aerospace and electronics–that use nonfuel mineral materials created an estimated $3.03 trillion in value-added products in 2020,” said Steven M. Fortier, director of the USGS National Minerals Information Center.

In terms of metals, mine production in 2020 was estimated to be $27.7 billion, which is around 3% higher than that in 2019. 

Key contributors to this total value were gold (38%), copper (27%), iron ore (15%) and zinc (6%), with a total of 12 mineral commodities each having been mined at a value of more than $1 billion in 2020.

Geographically, several states are home to sizeable mineral mining activities. In 2020, 12 states each produced more than $2 billion worth of nonfuel mineral commodities. The states, ranked in descending order of production value, were: Nevada, Arizona, Texas, California, Minnesota, Florida, Alaska, Utah, Missouri, Michigan, Wyoming and Georgia.

It is also important to note that some industries in the U.S. rely heavily on imports. In 2020, imports made up more than one half of U.S. consumption for 46 nonfuel mineral commodities, with 17 minerals being wholly imported. These imported minerals are key materials for a range of industrial endeavors, including renewable energy generation and storage, as well as infrastructure technologies.

However, there is no doubt that the U.S. offers opportunities for enterprises reliant on a range of mineral resources, as shown by those 12 states that achieved more than $2 billion in output. 

Here, we explore a few of the country’s most abundant and valuable mineral commodities: 

Gold

Gold needs no introduction. One of the most iconic minerals, it has symbolized prosperity and formed the basis of currency through the ages. 

However, gold also carries a huge number of industrial uses that stretch far beyond coinage and blocks being stored in bank vaults, thanks to a myriad of special and diverse properties that make it incredibly useful. Some of these include being a conductor of electricity, non-tarnishing, very easy to work and able to be drawn into wire and hammered into thin sheets. Moreover, gold can be melted and cast into highly detailed shapes, offering a unique and appealing color and a desirable sheen.

All of this means gold is highly sought after across many industrial practices and sectors. In electronics, for example, devices use very low voltages and currents which are easily interrupted by corrosion or tarnishing at various contact points. Gold is a reliable conductor that can overcome this problem. Indeed, it will be found in almost every sophisticated electronic device, from smartphones and calculators to GPS systems and home assistants like Alexa. 

In terms of gold production in the U.S., the west of the country is where most deposits are found. Nevada and Alaska are the states that lead the production rankings from both lode mines and placer deposits, these feeding primarily into jewelry, electronics and coin-making activities.

In 2016, around $8.5 billion of gold was produced across the U.S., translating into 209 metric tons.   

Crushed stone 

Somewhat less glamourous than gold, crushed stone is an equally important mineral commodity produced in high quantities and serving critical industrial activity. 

According to USGS National Minerals Information Center figures for 2016 (the most recent available), the value of American crushed stone output, which includes limestone, dolomite and granite, reached $16.2 billion. 

The vast majority of crushed stone supplies the construction and ongoing upkeep of the United States’ transportation network. In 2016, more than three quarters of crushed stone went into road construction and maintenance, with another 11% going into cement manufacturing activities and 7% being used in lime production.  

Companies working with these materials (especially those producing various construction aggregates) will therefore likely be based in states where crushed stone output is highest in order to gain a proximity advantage. This is important, as crushed stone is a heavy material of relatively low value per ton, meaning any savings that can be made on transport will greatly increase financial viability. 

A handful of states are resultantly responsible for more than half of the U.S. production of crushed stone. These are Texas, Pennsylvania, Florida, Georgia, Illinois, Missouri, Ohio, North Carolina, Virginia and Kentucky. It should also be noted that small amounts of crushed stone are imported from the likes of Canada, Mexico and the Bahamas. 

Copper 

Another important mineral supplying the construction sector is copper. One of the first metals ever mined and used by humans, it has played an influential role in the shaping and evolution of civilizations. 

It remains the fifth most valuable mineral mined in the United States. In 2016, 1.41 million metric tons were produced, generating $6.8 billion in revenue–most of it deriving from sites in Arizona, New Mexico, Utah, Nevada, Montana and Michigan. 

Some 44% of this copper supported construction sector activities, with 19% being used in the production of transportation equipment and another 18% going into electric and electronic products. 

logistics

Buying a New Warehouse: Tactics for Logistics Companies

When launching a logistics company, the location of your warehouse is intrinsically linked to overall success. As well as the location, you need to decide whether to lease or buy a warehouse. Further, if you are looking to grow, you need to ensure that your location has the availability to do so. You will save a lot of time if you only have to run through these considerations once. Throughout this article, we will outline key considerations to make when buying a warehouse.

Workforce Availability

You will need a team to fulfill your work and having a qualified workforce will make your life easier. When you’re looking for a new warehouse, you will need to consider the demographic you’re moving into. For example, you won’t find success if you pick a warehouse in Silicon Valley because the demographic belongs to tech-savvy programmers. When you are hiring, you need to look out for areas with a large proportion of logistic businesses. You need to get a fine balance between availability and trade in the area. If you move into a business where demand for workers is high, you will find yourself competing against high salaries.


 

Rent Costs

The cost will be a critical factor in deciding where to buy a warehouse. After all, if you don’t have the available funds, you may be forced out of your desired location. In the US, warehouse rental costs are divided up per square foot (SF). The highest average prices at the moment are in San Francisco, CA, with $16.50 per SF. On the other end of the spectrum, Memphis, TN, comes in at only $2.56 per SF. Although the rental rates may be lower in some cities, you need to ensure you check state tax rates. You don’t want to be stung by hidden costs because you didn’t do your homework.

Insurance

Whether you rent or buy, you are putting valuable assets in the warehouse and you need insurance to protect them. Having insurance for your commercial property means that you are covered for unforeseen repairs, loss of income, damage, and operation expenses. Typically, you are looking at $17 to a month for the insurance. This may seem like a worthless investment in months where nothing happens, but as soon as it does, you will wish you had it.

Nearby Transportation Hubs

When choosing a location for your new warehouse, you need to make sure it’s close to transportation hubs. To do this, analyze your most significant point for receiving goods and align your site with this. For example, if your cargo typically arrives by air, you should position yourself closer to an airport. The closer you are to your nearest source of export, the higher demands you can come with and the easier it will be to manage drayage.

Traffic and Access

The main objective of logistics is being able to move cargo from A to B. If you don’t have the industry in the area, then your business will fail. You need to analyze all aspects of the local area including peak traffic times, average speed limits, typical traffic volume, road conditions, highway connectivity, and accessibility to highways. If these factors aren’t perfected in the area, you will end up paying more than you need to in fuel consumption.

Environmental Factors

As well as being close to significant export locations, you need to find a warehouse near to other suppliers. You will need to research the large local suppliers and take into account any supply chain partners.

As well as suppliers, you need to assess the environmental factors of the nearby areas. Is the area prone to natural disasters? Will you benefit from intense sunshine? Or are you in the middle of a flood zone? If you find any of these risks at your proposed site, you need to ensure that the building adheres to certain building requirements.

Starting up a logistics business takes a lot of time and patience. You need to decide what the most important location factors are and tick them off. There will always be criteria that you have to let slide. Make sure that you carry out your homework and consider all aspects of the location.