17 Dec 2025
News
A critical shortage of development-ready industrial sites is pushing states to invest hundreds of millions of dollars in product development. These proactive efforts aim to enhance the developability and speed-to-market of industrial property, ultimately attracting capital investment and job creation. Site Selection Group regularly monitors these investments, and this article will explore the current landscape of product development funding across the U.S.
What is Product Development?
Product development refers to the proactive efforts of states, utilities, or other economic development entities to enhance the developability and marketability of their assets. Although product development is all encompassing of real estate, workforce, downtown revitalization, etc., the term is most often used in economic development circles to refer to strategic investments in industrial properties, where it has become synonymous with the concept of “site readiness.”
Click here to read the original article from Expansion Solutions Magazine.
Record numbers of new businesses and industries have registered in Caldwell: 250-500 each year since 2018. The CCC&TI Business Center is ready to assist.
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Powered by an economy that has hit its stride and turbocharged by a track record of innovation, Caldwell County is the best of NC.
CCED works closely with CCC&TI and local manufacturers to meet the workforce needs of employers.
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