Texas, Michigan, California have each nabbed top industry rankings in Business Facilities’ 18th Annual Rankings Report. The 2022 Rankings Report recognizes states for their strength and appeal for specific industries, and these include Semiconductors, Automotive, and Food Processing.
Texas tops the list of BF’s Semiconductors ranking as it did in 2021, with the top 5 rounded out by California, Arizona, Oregon, and Minnesota, respectively.¹
“In late 2021, Texas landed its largest foreign direct investment on record, and it’s no surprise it came from the semiconductor industry,” commented BF Editorial Director, Anne Cosgrove. “After reviewing multiple locations within the U.S. for a potential site, Samsung Electronics, Co., Ltd. selected Taylor, TX for its new $17 billion semiconductor manufacturing facility. Samsung picked Taylor, and Texas, based on multiple factors, including the local semiconductor ecosystem, infrastructure stability, and local government support.”
For our Automotive ranking, Michigan retained its place as the number one state for this industry, followed by Ohio, Indiana, Kentucky, and Tennessee.
The leader in this year’s Food Processing is once again California, followed by Texas, Arkansas, Georgia, and Maryland.
¹ Each category in Business Facilities Annual Rankings Report ranks 10 top locations. The full report is published in the July/August 2022 issue of Business Facilities and will also be featured on this website in August.
Business Facilities is a national publication that has been the leading location source for corporate site selectors and economic development professionals for more than 50 years. Focused on site selection for rising industry sectors, Business Facilities’ inaugural LiveXchange Emerging Industries event takes place November 16-18, 2022 at Loews Sapphire Falls Resort at Universal Orlando. The 19th Annual Business Facilities LiveXchange will take place April 24-26 at Marina Inn at Grand Dunes in Myrtle Beach, SC.