The Steele Group

The Steele Group, in partnership with the RESHORING INITIATIVE, is excited to share insights from a discussion between Steele Divitto, Founder and CEO of The Steele Group, and Harry Moser, Founder of the Reshoring Initiative. They explored key trends in reshoring, geopolitical risks, real estate strategies, incentives, and more. Key Topics Covered: 1. Misconception of the Costs to Conduct Business Overseas: While wages and real estate might be cheaper abroad, reshoring offers advantages such as superior product quality, responsiveness to customer demands, reduced intellectual property and regulatory risks, lower inventory levels (and better turns), skilled workforce, lead times and enhanced innovation and product differentiation. 2. Evolving Stakeholder Responsibility: In 2019, the Business Roundtable redefined stakeholder responsibility to include shareholders, employees, communities, and suppliers. Reshoring aligns with this by bringing back US jobs, supporting domestic suppliers, and strengthening communities. 3. The Need for Automation: For the US to compete, increased automation is essential. US productivity has grown by less than 0.5% annually over the past 15 years, compared to China's 6%. Investing in automation will help the US boost productivity and competitiveness. 4. Clean and Reliable Power: Investment in both grid-level and behind-the-meter energy is crucial. US electricity production emits roughly 50% less CO2 per kilowatt hour compared to China. Manufacturing domestically can significantly reduce carbon emissions and help companies meet ESG goals. 5. Total Cost of Ownership (TCO) Estimator: This online tool, available on the Reshoring Initiative's website, helps businesses evaluate overhead, balance sheets, risks, corporate strategies, and other factors to determine the true cost of ownership. Join us in BUILDING BACK AMERICAN MANUFACTURING! The Steele Group, Anchor Advisors & RESHORING INITIATIVE https://lnkd.in/e6fVNV2D #Reshoring #Manufacturing #Innovation #CleanEnergy #Automation #AmericanJobs #CommunityStrength

This Labor Day, The Steele Group extends a heartfelt thank you to the hardworking individuals and teams who have dedicated themselves to building and sustaining the industries that make our Nation strong. From the factory floors to the boardrooms, it's the dedication and perseverance of American workers that have shaped our country into the beacon of innovation and resilience it is today. Our team is on a mission to lead companies in their real estate strategies, empowering them to Build Back American Manufacturing. We believe in the power of strategic partnerships to drive growth, innovation, and long-term success. Together, we’re not just constructing buildings; we’re laying the foundation for a brighter future, one where American manufacturing thrives once again. To all the workers, partners, and clients who make it possible—thank you. Your commitment and hard work inspire us every day. Happy Labor Day! #LaborDay #SteeleGroup #AmericanManufacturing #BuildingBack #RealEstateStrategy #Gratitude

3 OUTLOOKS IN THE MANUFACTURING MARKET 1. In the Boston market, there is an anticipated slowdown in industrial new construction activity attributed to a significant disparity between supply and demand. However, the Sun Belt states expect to witness heightened demand for warehousing space, particularly in areas surrounding manufacturing facilities. 2. Many states across the Midwest and Sun Belt, have a focus on automobile manufacturing, and foresee a slowdown in activity due to the increasing adoption of electric vehicles (EVs) and the upcoming election. The reliability of supply chains will play a pivotal role in supporting the ongoing reshoring initiative through 2024 and beyond. 3. In urban centers like Boston, there is a growing preference for smaller commercial spaces as tenants streamline their operations. Demand is expected to rise for spaces under 150,000 SF.

In a challenging office market, our team is proud to announce the successful subleasing of space on behalf of our client at 60 State Street to both SAP (Full Floor) and Roessel Joy (1/2 Floor). Time, Attention, Creativity and Expectation Setting. This is what it takes to have success in real estate. If you are interested in learning more about our platform and success, please send us a note at contact@thesteelegroup.com

The Steele Group is proud to partner with RESHORING INITIATIVE to build back American Manufacturing and secure our future. We are on the cusp of an industrial renaissance that will reshape the global supply chain for the better. The intersection of advanced technology and manufacturing will serve as a powerful catalyst for growth. Check out the full interview in the comments below with Steele Divitto and Harry Moser.

We're thrilled to share the completion of a 9,000 SF lab and office renovation for the innovative medical device company Refeyn in Waltham, MA. Refeyn pioneers analytical instruments that measure molecular mass, providing vital insights for scientific discovery, R&D, and therapeutics production. Their mass photometry technologies offer intuitive data in minutes, helping scientists optimize R&D processes and focus on innovation. This project marks a significant milestone for Refeyn as they establish a major presence in the US from the UK. We successfully renovated their existing office, BSL-1, and BSL-2 lab spaces with laser safe specifications. The labs now feature new workbenches, laser safety systems, and upgraded gas and MEP systems. The office space boasts an open workspace area, an upgraded café, and a large conference room with a demountable glass partition. Special thanks to our project partners: The Steele Group, Chapman Construction/Design, OTJ Architects, and Avid Engineers. Together, we created an innovative, cutting-edge lab and office environment for Refeyn.

Veeva was the only company in Boston Business Journal's top 5 Largest Healthtech Companies in Massachusetts to grow last year. Read to find out why: https://bizj.us/1qln18 We are a growing #WorkAnywhere company #hiring in the Boston area. Check out the open positions: https://bit.ly/43Tg2kX

Happy Fourth of July! 🎆 As we celebrate our nation's independence, we're reminded of the values that make our country strong: resilience, innovation, and unity. At The Steele Group, we strive to embody these principles in every project, fostering communities where businesses and dreams can thrive. Here's to building a brighter future together. #IndependenceDay

Building Back American Manufacturing. Supporting our Nation's Heroes. An Incredible Weekend. Our team at The Steele Group and Anchor Advisors returned to New Hampshire Motor Speedway as the primary sponsors for Anthony Alfredo and the No. 5 Our Motorsports team. This marked our second consecutive season supporting Anthony in the NASCAR Xfinity Series, and this year, we proudly featured the Green Beret Foundation and RESHORING INITIATIVE on the car. Anthony secured a top 20 finish, helping us promote the importance of reshoring and honoring the brave Green Berets and their families. Thank you to everyone who rallied behind Anthony and these important initiatives. As we approach the 4th of July, please consider donating to the Green Beret Foundation through the link in the comments! Our team is committed to building back American manufacturing and supporting our Nation's Heroes. Let's go!! #AmericanManufacturing #SupportOurHeroes #NASCAR #TheSteeleGroup #AnchorAdvisors #ReshoringInitiative #GreenBeretFoundation

We’re expanding our US manufacturing capacity.   This year, we plan to invest 4.1 billion US dollars (approx 27 billion Danish kroner) to build a second fill and finishing manufacturing facility in Clayton, North Carolina.   With this investment, we will create 1000 new jobs and grow our ability to produce current and future injectable treatments for people with obesity and other serious chronic diseases.   Learn more about the news here 👉 https://lnkd.in/gu4MH2U   #NovoNordisk #DrivingChange #Manufacturing #Production