The US bid to lead the world in artificial intelligence and advanced manufacturing is facing a critical hurdle: a shortage of development-ready industrial sites.
Nearly two-thirds of the people involved in securing US industrial sites cited their scarcity as the top factor impeding new projects, in a 2024 survey by the Site Selector’s Guild. And 87 per cent of respondents said resource shortages — including a lack of land, labour and utilities — had affected or compromised project timelines.
“It’s absolutely crazy,” says Josh Bays, a principal at Site Selection Group, which helps companies find US locations. “Most of the low-hanging fruit’s been picked over.”
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