![]() ![]() And if any industry needs more capacity, Big Solar does. Considering Big Auto’s financial troubles and scheduled shutdowns, there will be plenty more space and trained labor coming available to the solar industry. ![]() The Energy Conversion Devices CEO says, “Our processes really require high productivity, so what makes it competitive here in the Midwest is that we have a great labor force that is eager to work and well-trained already.”įrankly, there aren’t too many other places in the world offering a willing, ready, and able manufacturing labor force. These solar powerhouses have spotted the value in the rust belt and are taking full advantage. On top of that, Energy Conversion Devices has also laid out a plan to almost double production double capacity in one of them. of solar panel developer, Energy Conversion Devices ( ENER), operates three manufacturing facilities in Michigan. Germany’s Flaberg is slated to build a new solar panel-making facility in Pittsburgh, Pennsylvania. The $22 billion solar panel manufacturer recently announced the expansion plans for its Ohio factory. are built in the rust belt.įirst Solar ( FSLR) has been one of the first to start tapping into the rust belt. With the exception of Nanosolar’s thin film facility under construction in California and Ausra’s facility in Las Vegas, all solar panels made in the U.S. The way things are going the United States is set to become the manufacturing hub of the $18 billion solar industry.įortune says, “Nearly all the United States’ current solar manufacturing capacity is in the Midwest.”Īnd it's absolutely right. Big Auto’s moving out of its factories across the Ohio River Valley and Big Solar is moving in. In fact, the migration has already started. They’re not headed to the dank low-cost, labor-intensive factories of Vietnam, Mexico, or China, they’re staying right here. It may surprise you, but one of the fastest growing and manufacturing industries are staying right in the United States. industrial revolution really ramps up and brings the Midwest back into prosperity. You see, when industry rolled out of town, Rust Belt factories were shut down, boarded up and left for dead. Slowly but surely, that’s all starting to change.Ī revival in the Rust Belt is appears to be starting and investors could be in for a pretty solid payoff. Towns that sprouted up around manufacturing centers have been abandoned in the same way as Detroit. Midwest, also known as the “Rust Belt,” is facing the same challenges. Mansions that originally sold for $2 million just a few years ago are going for $1 million. With the aggressive selling, there are a lot of huge sales. The mass exodus has caused real estate prices to fall. It has left Detroit for dead like a lot of others. Home Properties said the sale was “consistent with our strategy of focusing our operations in…higher-growth markets.” ( HME), a residential real estate investment trust, unloaded 5,000 Detroit apartments on Lightstone Group. The population of Detroit is now less than 900,000. Now it’s a sharp decline in demand for the Big Auto’s SUV’s and an inability to compete against cheaper (and sometimes more efficient) foreign labor. When the jobs left, the people did too.įirst it was factory automation eliminating jobs. More than one million residents have fled Detroit since 1950. Thanks in part to the big problems at General Motors ( GM), Ford ( F), it’s getting rough in Grosse Pointe, but it’s probably worse in Detroit. In the process, they’re creating a great opportunity to get in at the bottom. As Big Auto downsizes, slashes salaries, and hangs on for survival, the rich have left town. There are “for sale” signs hanging off a lot of houses. You had to have a mansion in Grosse Pointe if you were an executive in Detroit’s booming auto industry.įlash forward 90 years and we’ve got a completely different picture. The Pointes was one of the hottest real estate markets in the 1920’s. Its wooded scenery, mild summer weather, and proximity to industrial areas have made it a popular residential neighborhood for industrial titans for a century. ![]() Grosse Pointe was one of the highest rent neighborhoods in the country. ![]()
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