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Malaysia's Genting plans $20bn <b>smart city</b> in Johor-Singapore special zone

PropertyMalaysia's Genting plans $20bn smart city in Johor-Singapore special zone AI research and agricultural technology to feature in project aiming to attract global professionals A model of the planned Johor Tech Smart City is displayed during the project's launch event in the southern Malaysian state of Johor on June 12. (Photo by Kentaro Takeda) SINGAPORE -- Malaysian property and leisure conglomerate Genting has launched a $20 billion smart city project featuring an artificial intelligence research facility in the southern state of Johor, adding to growing technology investment in the area.

Việt Nam, Thailand strengthen investment ties, <b>smart city</b> cooperation

| Delegates press the button to officially launch the Doan Hung Industrial Park – AMATA City Phu Tho project at the conference. — VNA/VNS Photo | PHÚ THỌ — The Vietnamese Ministry of Foreign Affairs, the Thai Embassy in Việt Nam, and the People's Committee of Phú Thọ Province jointly held the Thai Connect in Phú Thọ 2026 programme on Wednesday, attracting around 400 representatives from government agencies, diplomatic missions, business associations, and enterprises from both countries. The event featured a range of investment and trade promotion activities, business matching sessions, and the Thai Connect Expo. A key highlight was the thematic discussion, "Thailand-Việt Nam connectivity: smart cities as a driver for economic growth and sustainable development", where participants exchanged experience and explored cooperation in digital transformation, smart urban development, green growth, and sustainable development. On the occasion, Vietnamese and Thai partners exchanged many important cooperation documents, including a letter of intent by CP Group to expand its investment project in Phú Thọ with an estimated capital of US$320 million, as well as investment memoranda of understanding involving Central Retail Vietnam and MM Mega Market Vietnam. The programme also officially launched the implementation of the Đoan Hùng Industrial Park – AMATA City Phú Thọ project, developed by Thailand's AMATA Corporation. Covering nearly 500 hectares, the project is designed as a modern eco-industrial park and regional high-tech manufacturing centre, and is expected to create a new growth engine for the province. Deputy Minister of Foreign Affairs Nguyễn Mạnh Cường said the event was held during the year marking the 50th anniversary of Việt Nam–Thailand diplomatic relations (August 6, 1976–2026). Over the past five decades, bilateral ties have evolved into one of the region's most dynamic and effective partnerships. Thailand is currently Việt Nam's largest trading partner within ASEAN, while Việt Nam

Viet Nam, Thailand strengthen investment ties, <b>smart city</b> cooperation

The Vietnamese Ministry of Foreign Affairs, the Thai Embassy in Viet Nam, and the People's Committee of Phu Tho province jointly held the Thai Connect in Phu Tho 2026 programme on June 17, attracting around 400 representatives from government agencies, diplomatic missions, business associations, and enterprises from both countries. The event featured a range of investment and trade promotion activities, business matching sessions, and the Thai Connect Expo. A key highlight was the thematic discussion, "Thailand-Viet Nam connectivity: smart cities as a driver for economic growth and sustainable development," where participants exchanged experience and explored cooperation in digital transformation, smart urban development, green growth, and sustainable development. On the occasion, Vietnamese and Thai partners exchanged many important cooperation documents, including a letter of intent by CP Group to expand its investment project in Phu Tho with an estimated capital of 320 million USD, as well as investment memoranda of understanding involving Central Retail Viet Nam and MM Mega Market Viet Nam. The programme also officially launched the implementation of the Doan Hung Industrial Park – AMATA City Phu Tho project, developed by Thailand's AMATA Corporation. Covering nearly 500 hectares, the project is designed as a modern eco-industrial park and regional high-tech manufacturing centre, and is expected to create a new growth engine for the province. Deputy Minister of Foreign Affairs Nguyen Manh Cuong said the event was held during the year marking the 50th anniversary of Viet Nam–Thailand diplomatic relations (August 6, 1976–2026). Over the past five decades, bilateral ties have evolved into one of the region's most dynamic and effective partnerships. Thailand is currently Viet Nam's largest trading partner within ASEAN, while Viet Nam ranks as Thailand's sixth-largest trading partner globally. Bilateral trade reached 22.07 billion USD in 2025, with both sides aiming to increase the figure to 25

<b>Smart City</b> Pilots Need Governance Before They Can Become Infrastructure

Cities frequently launch smart city initiatives with ambitious goals and strong political support, only to find that many never progress beyond limited trials or demonstrations. Apparently, the challenge is rarely a lack of technology. More often, cities discover that deploying a solution is much easier than integrating it into fragmented institutions, disconnected systems, and long-term public operations. Smart City Projects Rarely Fail Because of Technology Cities around the world continue investing in smart city initiatives that promise better mobility, improved public services, stronger sustainability outcomes, and more efficient urban management. However, international experience suggests that many projects struggle to move beyond the pilot stage. The Organisation for Economic Co-operation and Development (OECD) has repeatedly identified fragmentation, weak coordination, limited institutional capacity, and poor interoperability as common obstacles preventing smart city projects from achieving broader impact. The problem is becoming increasingly important for Korean GovTech companies, smart city startups, digital infrastructure providers, and public-sector innovation teams seeking opportunities in overseas markets. Success is no longer determined solely by whether the technology works. Because today, cities must also determine whether that technology can function within existing governance systems. Why Smart City Pilots Often Stop Before Scale Dr. Aleksandro Montanha, GDIN Ambassador in Brazil, Korean Valley project lead, and a participant in municipal innovation initiatives across Brazil, believes the underlying problem often begins long before implementation. “Many cities operate through isolated systems acquired at different times, from different vendors, under different technical standards, and often without long-term interoperability planning,” Montanha told KoreaTechDesk as discussion on market entry challenges in Brazil continues. That reality creates a structural challenge for cities attempting to deploy new technologies. A pilot may perform well within a controlled environment, but large-scale adoption requires integration with existing databases, operational processes, procurement systems, public agencies, and technical teams. Without that foundation,

New 339-mile transmission line brings Canadian hydropower to NYC | Utility Dive

North America’s longest fully-buried transmission line has begun delivering Canadian hydropower to New York City, state policymakers and grid officials said Tuesday. The $6-billion Champlain-Hudson Power Express is expected to deliver 10.4 TWh annually, helping meet up to 20% of the city’s electric needs. Construction was completed ahead of schedule and power flows from Hydro-Québec to New York commenced June 1. Champlain-Hudson will help to replace the Indian Point nuclear plant, which was shuttered in 2021. Since Indian Point’s closure, New York City has relied more on gas-fired plants that have caused emissions downstate to grow, according to a statement from Democratic Gov. Kathy Hochul. According to analysis by the Times Union, more than 90% of the capacity lost when Indian Point shuttered its two 1-GW units in 2020 and 2021 was replaced by fossil fuels. The Trump administration has called for restarting Indian Point, but Hochul has rejected that idea. “This project is further proof that despite the unprecedented federal headwinds we are facing, New York will remain a national climate and clean energy leader into the future,” Hochul said. The Champlain-Hudson line was selected in 2021 as part of a solicitation administered by the New York State Energy Research and Development Authority, and project developer Transmission Developers Inc. began construction the following year. The 1,250-MW direct current line connects to the grid at the New York Power Authority’s Astoria Annex substation, which was recently expanded. TDI also built a nearly four-mile underground transmission line, the Astoria Rainey Cable, connecting the Astoria Annex to Con Edison’s Rainey substation. The Champlain-Hudson project “illustrates how complex infrastructure can be delivered through sustained collaboration and shared expertise,” Hydro-Québec President and CEO Claudine Bouchard said. “More importantly, it highlights the growing role of interconnected transmission grids in enhancing system reliability and resilience.” Electric

<b>Intelligent</b> Transportation Systems (ITS) Market Size, Share &amp; Analysis 2035 Report

What is included in this Sample? - * Market Segmentation - * Key Findings - * Research Scope - * Table of Content - * Report Structure - * Report Methodology Download FREE Sample Report Intelligent Transportation Systems (ITS) Market Size, Share, Growth, and Industry Analysis, By Type (Hardware, Software, Services), By Application (Traffic Management, Road Safety And Security, Freight Management, Public Transport, Environment Protection, Automotive Telematics, Parking Management, Road User Charging), Regional Insights and Forecast to 2035 Trending Insights Global Leaders in Strategy and Innovation Rely on Our Expertise to Seize Growth Opportunities Our Research is the Cornerstone of 1000 Firms to Stay in the Lead 1000 Top Companies Partner with Us to Explore Fresh Revenue Channels - Download Free Sample to learn more about this report INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET OVERVIEW The global Intelligent Transportation Systems (ITS) Market size estimated at USD 36.58 billion in 2026 and is projected to reach USD 82.04 billion by 2035, growing at a CAGR of 9.39% from 2026 to 2035. I need the full data tables, segment breakdown, and competitive landscape for detailed regional analysis and revenue estimates. Download Free SampleThe Intelligent Transportation Systems (ITS) Market is expanding through the integration of communication networks, sensors, cloud platforms, artificial intelligence, and connected mobility infrastructure across highways, urban roads, freight corridors, and public transportation systems. More than 1.5 billion connected vehicles were supported by digital transportation infrastructure deployments globally during 2025. ITS installations contributed to traffic congestion reductions reaching 21% in major metropolitan corridors and reduced average incident response times by 34 minutes in selected urban networks. More than 72% of newly planned smart city mobility projects incorporated ITS architecture. Vehicle-to-infrastructure deployment exceeded 410,000 roadside communication units globally, while adaptive signal control systems managed more than 310,000 intersections worldwide. The United States represents

50 in a Day & The Innovation Party: bringing the innovation ecosystem together

50 in a Day & The Innovation Party: bringing the innovation ecosystem together More than 50 deep-tech startups and scaleups, alongside investors, corporates and institutions, will gather at OGR Torino on 30 June 2026 for a full day of pitches, keynote speeches and networking dedicated to Life Sciences, Smart Cities and Aerospace. In the evening, The Innovation Party will open its doors to the innovation community and the wider public. On Tuesday 30 June 2026, from 11 am, OGR Torino, the innovation hub of Fondazione CRT, will host the second edition of 50 in a Day â Shaping Space, Life and Cities & The Innovation Party, an event designed to showcase the innovation emerging from Turin and to strengthen connections across the ecosystem. For the first time, the initiative is being organised jointly by OGR Torino, 2i3T (the University of Turinâs incubator) and I3P (the incubator of Politecnico di Torino), in collaboration with Microsoft Italia and with the support of Talent Garden, Italian Tech Alliance, Unione Industriali Torino and InnovUp as ecosystem partners. The event aims to foster dialogue between research, industry and investment by providing a platform for networking, discussion and visibility for innovative ventures. More than 50 startups and scaleups operating in the fields of Life Sciences, Smart Cities and Aerospace will take centre stage throughout the day. Activities will be organised across three parallel tracks â Space, Life and City â where participating companies will present their projects through pitch sessions aimed at investors, corporates and deep-tech stakeholders. The programme will conclude with an awards ceremony recognising the most compelling pitches. The day will open with a plenary session featuring keynote speeches and a panel discussion on the deep-tech value chain, exploring the journey from research and technology transfer to industrial application and market growth. From 7

UCC seeks US$15m to launch Trelawny '<b>smart city</b>', invites six universities as partners

UCC seeks US$15m to launch Trelawny 'smart city’, invites six universities as partners Loading article... The University of the Commonwealth Caribbean (UCC) aims to raise US$15 million to complete land acquisition for EcoVista, a 283-acre development in Trelawny. The plan involves building a university-anchored smart city. UCC plans to invite up to six international universities to join as academic partners. "EcoVista is not simply a real estate concept. It is an integrated future city proposition anchored by education, sustainability, smart infrastructure, and long-term national development logic. It attempts to solve more than one problem simultaneously," said Dr Winston Adams, founder and group executive chairman of UCC, in an international release seen by the Financial Gleaner. Construction on EcoVista is phased through to 2038. Adams stated that the market, the technology, and the regional need have now overlapped. “That convergence is not accidental, and it will not wait," Adams added. The project combines a campus designed for more than 5,000 students with four planned innovation districts — financial technology, health technology, a business incubator for artificial intelligence (AI), and business process outsourcing firms. It also envisages a resort district with 710 hotel rooms and 150 overwater villas. The site, on 1,200 metres of beachfront property 40 minutes from Montego Bay's international airport, is being acquired at 40 per cent below its 2024 appraised value of US$52.8 million, creating US$21 million in built-in equity before construction begins, according to the release. Total development cost is projected at US$513 million against forecast revenue of US$2.04 billion across all phases. UCC says it carries zero institutional debt and holds more than US$20 million in net assets, acting as project guarantor. The development has circulated under various names since at least 2024, when it was marketed to investors online as an eco-city offering equity shares,

Location Of Things Market Size, Share | Growth Forecast [2034]

"Smart Strategies, Giving Speed to your Growth Trajectory" The Location Of Things market size was valued at USD 78.71billion in 2025. The market is projected to grow from USD 97.10billion in 2026 to USD 520.93billion by 2034, exhibiting a CAGR of 23.36% during the forecast period. The Location Of Things Market is rapidly expanding due to increasing adoption of IoT-enabled tracking systems, connected devices, and real-time location analytics technologies across industries. Location of Things solutions combine geospatial intelligence, sensor networks, GPS systems, and cloud-based analytics to monitor assets, people, vehicles, and infrastructure in real time. Location Of Things Market Trends indicate growing integration of AI-powered location intelligence, predictive analytics, and edge computing technologies across smart cities, logistics, healthcare, and industrial automation sectors. The Location Of Things Market Analysis also highlights increasing enterprise focus on operational visibility, asset utilization, and location-based decision-making systems. The Location Of Things Industry Report identifies strong investments in digital mapping, IoT connectivity, and smart infrastructure technologies globally. The USA Location Of Things Market remains one of the largest and most advanced digital infrastructure sectors due to widespread IoT deployment, strong cloud adoption, and increasing enterprise digitalization. Location Of Things Market Research Report findings indicate that more than 67% of large enterprises in the United States utilize location intelligence systems for logistics optimization, fleet management, and connected asset monitoring. Location Of Things Market Insights reveal increasing demand for smart mobility systems, indoor navigation technologies, and AI-driven geospatial analytics platforms. Enterprises are rapidly integrating location-aware applications into retail, transportation, healthcare, and manufacturing operations. Continuous expansion of 5G connectivity and smart city infrastructure continues to strengthen Location Of Things Market Growth across the USA. The Location Of Things Market is witnessing major technological transformation due to rapid expansion of IoT ecosystems, AI-powered analytics, and cloud-based geospatial platforms. Location Of

New edie Extra podcast: What can St Pancras' Composer's Cabin teach us about nature and ...

Register for free and continue reading Join our growing army of changemakers and get access to our free content Already have an account? Login here The edie Extra podcast series provides a space for our exclusive special audio features beyond our long-running Sustainability Uncovered series. As more voices, businesses and initiatives join the conversation on environmental sustainability and tackling the climate crisis, edie Extra cuts through the noise. — SUBSCRIBE TO THE PODCAST HERE — In this latest episode, edie’s senior reporter Sidhi Mittal visits The Composer’s Cabin at London St Pancras station and speaks with Sam Sage, sustainability and environmental manager at London St Pancras Highspeed. Originally designed by Martha Krempel for the RHS Chelsea Flower Show, The Composer’s Cabin brings the sights and sounds of peatland landscapes into one of the UK’s busiest transport hubs. Complete with immersive planting, peatland samples and a self-playing piano, the installation encourages visitors to reflect on the relationship between nature, infrastructure and climate resilience. While the cabin highlights the importance of peatlands as one of the world’s largest terrestrial carbon stores, the conversation quickly broadens to a bigger question: what role can nature play in helping cities and critical infrastructure adapt to a changing climate? Speaking on the podcast, Sam explains how rail operators are increasingly grappling with the impacts of extreme heat, flooding and interconnected infrastructure risks. He argues that nature-based solutions must sit alongside traditional engineering approaches, pointing to examples such as balancing ponds and urban green spaces that can help manage flood risk, cool cities and support biodiversity. The discussion also explores how public spaces can become powerful platforms for climate education. With millions of passengers passing through St Pancras every year, Sam believes transport hubs have a unique opportunity to raise awareness of environmental challenges while ensuring sustainability

Local Alliance letter to European Council: EU budget must recognise <b>cities</b> &amp; regions

Ahead of the European Council meeting on 18-19 June 2026, the Local Alliance sent a joint letter to national leaders calling for the next EU budget to better support cities, regions and municipalities in delivering Europe’s priorities. Signed by Eurocities and other major local and regional government networks, and supported by more than 50 municipalities, regions, provinces, associations and agencies, the letter underlines that EU investment works best when local governments are recognised as key partners in turning European ambitions into visible results for people. The letter urges national leaders to back the European Parliament’s position for a place-based Multiannual Financial Framework (MFF). The Local Alliance calls on EU leaders to: - Make the next EU budget place-based, so it reflects the needs and priorities of Europe’s cities, regions and municipalities. - Strengthen multilevel governance, by ensuring local and regional governments are directly involved in designing, implementing, monitoring and evaluating EU-funded plans. - Back the European Parliament’s position on the next MFF, including clearer budget allocations for Cohesion Policy, ERDF, ESF, LIFE and other key programmes. - Ensure final beneficiaries are not punished if EU funds are suspended to member states over rule of law concerns. - Include mandatory regional and territorial chapters in National and Regional Partnership Plans, so all territories can benefit from EU investment. - Protect dedicated funding for integrated territorial and urban development, including a minimum ERDF share for local strategies. - Strengthen the administrative capacity of local and regional governments, including through technical assistance, to improve delivery and absorption of EU funds. - Recognise cities, regions and municipalities as eligible beneficiaries and implementation partners in the future European Competitiveness Fund. - Connect territorial innovation tools to the Competitiveness Fund, including smart specialisation strategies, local innovation ecosystems and EU Mission projects. - Safeguard Coordination and Support

We can't build our way out of the housing crisis while losing homes every day

Michael T. Pugh is president and CEO of the Local Initiatives Support Corporation, one of the country’s largest community development organizations. In 2024, more than 21 million homeowners were severely cost-burdened, spending over half their income to stay housed. Across the country, families are being squeezed by rising insurance premiums, property taxes and the growing cost of basic repairs. We talk about this as a housing shortage, and it is. But that framing misses a critical truth: We are not just short on housing. We are actively losing the affordable homes we already have. And we are losing them faster than we can replace them. The national conversation tends to focus on one solution: build more housing. Clearly, we do need more housing, but that's not the only issue. While we debate how to build faster, millions of homeowners are quietly slipping into instability — not because they can’t pay their mortgage, but because they can’t fix a roof, or a furnace breaks, or a title was never formally transferred. For many families, especially in under-resourced communities, the margin between stability and displacement is razor thin. A single unexpected cost can trigger a chain reaction, deferred maintenance, code violations and rising debt, which ultimately results in the loss of a home that may have been stable and affordable for decades. Once that home is gone, it is rarely replaced at a price the next family can afford. This is the hidden engine of the housing crisis, the steady erosion of existing affordable homeownership. Heirs’ property compounds this challenge. Homes passed down informally across generations, often one of the only pathways to wealth, can become legally vulnerable. Without a clear title, families are locked out of financing and disaster relief and exposed to forced sales that strip generational assets from communities.

As a Maryland <b>city</b> mulls upzoning, a Realtor association study touts its benefits

Dive Brief: - An upzoning proposal in Rockville, Maryland, that would allow townhomes, duplexes, triplexes and cottage homes to be built by right without requiring discretionary approval would increase the city’s housing supply without hurting existing home prices or surrounding property values, according to a local Realtors’ association study. - The new zoning would lead to a net increase of 21 housing units over the next decade, a modest 4.5% increase in the city’s housing stock, says the study by real estate consulting firm HR&A Advisors, which was commissioned by the Greater Capital Area Association of Realtors. It would also expand homeownership opportunities to an additional 28% of residents, the study says. - The proposal comes as the city is updating its nearly 20-year-old zoning ordinance to align it with its 2040 comprehensive plan. Dive Insight: As cities and counties look to address the housing affordability crisis, some are turning to “missing middle” housing such as townhomes, duplexes and triplexes or small multifamily homes. Construction of those housing types is often blocked by restrictive zoning ordinances that favor single-family homes or larger apartment buildings. A 2016 analysis found that 10,000 Rockville households were cost burdened, with 53% of renters and 29% of homeowners spending 30% or more of their income on housing . The city needs to add 10,000 housing units by 2040 to meet future demand, according to the 2016 report. Rockville staff members last year asked GCAAR for its input on the potential changes to its zoning ordinance. The study found the new zoning would potentially lead to 55 single-family home conversions into multifamily dwellings. The median single-family home value in Rockville is $1.05 million, according to the study. Condos resulting from the zoning change would have a projected median value of $570,000, which would lead to increased

UCC seeks US$15m to launch Trelawny '<b>smart city</b>', invites six universities as partners

UCC seeks US$15m to launch Trelawny 'smart city’, invites six universities as partners Loading article... The University of the Commonwealth Caribbean (UCC) aims to raise US$15 million to complete land acquisition for EcoVista, a 283-acre development in Trelawny. The plan involves building a university-anchored smart city. UCC plans to invite up to six international universities to join as academic partners. "EcoVista is not simply a real estate concept. It is an integrated future city proposition anchored by education, sustainability, smart infrastructure, and long-term national development logic. It attempts to solve more than one problem simultaneously," said Dr Winston Adams, founder and group executive chairman of UCC, in an international release seen by the Financial Gleaner. Construction on EcoVista is phased through to 2038. Adams stated that the market, the technology, and the regional need have now overlapped. “That convergence is not accidental, and it will not wait," Adams added. The project combines a campus designed for more than 5,000 students with four planned innovation districts — financial technology, health technology, a business incubator for artificial intelligence (AI), and business process outsourcing firms. It also envisages a resort district with 710 hotel rooms and 150 overwater villas. The site, on 1,200 metres of beachfront property 40 minutes from Montego Bay's international airport, is being acquired at 40 per cent below its 2024 appraised value of US$52.8 million, creating US$21 million in built-in equity before construction begins, according to the release. Total development cost is projected at US$513 million against forecast revenue of US$2.04 billion across all phases. UCC says it carries zero institutional debt and holds more than US$20 million in net assets, acting as project guarantor. The development has circulated under various names since at least 2024, when it was marketed to investors online as an eco-city offering equity shares,

Tokyo Metro Expands Beyond Railways Through Smart City Infrastructure ...

As megacities confront congestion, sustainability, and demographic change, Tokyo Metro Co., Ltd. is leveraging railway efficiency, transit-oriented development, and operational expertise to strengthen Tokyo’s smart city model while pursuing long-term international expansion. Today I would like to take the time to discuss several important themes in depth. To start, I would like to talk about the strengths of Japanese railway operating companies. In many Western metro systems, the emphasis tends to be on public ownership, and in many cases the systems are operated by government organizations or heavily supported by public subsidies. Historically, however, railway operators in Japan have developed a vertically integrated model. From your perspective, how would you describe the strengths of Japanese railway operators, and how does the Japanese model compare with those in Europe or the United States? One very important difference is the population density of cities. I believe that globally there are very few cities that can operate railways profitably without subsidies, and most of those examples are in Asia. For a railway system to be profitable, the city needs to have a certain level of population density. However, I’m not sure if railways in which can operate independently are sufficient. To illustrate this point, imagine a Japanese city with a population of around five hundred thousand people. Cities such as Kanazawa or Kagoshima fall into that category. Kagoshima has a tram system, but it does not have a subway network like those found in larger metropolitan areas. However, if you look at Europe, many cities of roughly five hundred thousand people have both a subway system and a surrounding tram network that together form a well-developed public transportation structure. In Japan, urban railways tend to exist primarily in cities where they can operate independently and sustain themselves financially. In Europe, on the other

George D. Thomas To Head FCEDA | Ellington

The Fairfax County Economic Development Authority Commission named George D. Thomas as its next President and Chief Executive Officer. Thomas brings more than 25 years of leadership experience across economic development, technology, infrastructure, investment attraction, workforce development, and public-private partnerships. His appointment comes at a pivotal moment. “George Thomas represents the next generation of economic development leadership,” said FCEDA Commission Chair James Quigley. Thomas's selection reflects Fairfax County's commitment to leading the industries expected to drive future economic growth, including artificial intelligence, quantum technologies, national defense, advanced computing and space commercialization. As President and CEO of Connected DMV, Thomas built a globally recognized innovation organization, growing it from a volunteer coalition into a multi-million-dollar enterprise building next generation industry clusters to advance global competitiveness. Before leading Connected DMV, Thomas served as a Partner at IBM and held senior roles at leading global firms, directing transformative initiatives in technology commercialization, smart cities, infrastructure modernization, economic development and industry cluster formation. “Fairfax County stands at the center of extraordinary economic and technological change,” Thomas said. "Advances in artificial intelligence, quantum, energy, aerospace, defense, national security, and other key industries are creating new opportunities for innovation, investment, and growth.” Thomas will begin his tenure in August. He succeeds FCEDA President and CEO Victor Hoskins, who departs after nearly seven years.