Excerpt: By Dennis J. Donovan, Wadley Donovan Gutshaw Consulting (WDGC)
This feature article from Expansion Solutions Magazine examines the rapidly evolving landscape of high-technology location strategy as advances in artificial intelligence, automation, semiconductors, biotechnology, and energy-intensive computing reshape where companies invest and expand. Dennis Donovan of Wadley Donovan Gutshaw Consulting explores how these changes are increasing the importance of workforce depth, infrastructure, research assets, supply chain access, utilities, connectivity, and strong regional innovation ecosystems in the site selection process.
The article takes a closer look at the distinct location requirements of key high-tech sectors, including semiconductor manufacturing, biotechnology, advanced manufacturing, digital media, fintech, and research and development operations. It also discusses the growing influence of power and water availability, cybersecurity, specialized talent, university partnerships, and infrastructure readiness. As high-tech investment becomes increasingly complex, the article highlights why companies and economic development organizations must look beyond traditional costs and incentives to evaluate whether a location can support long-term innovation and growth.