Industrial

Vietnam’s National Assembly Unleashes Innovation: Five Groundbreaking Laws to Propel Digital and Industrial Transformation

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HANOI, Vietnam — Vietnam’s National Assembly has passed five significant laws aimed at bolstering the country’s science, technology, and innovation sectors. This legislative move is a key step toward promoting digital transformation, industrial growth, and sustainable development within the nation. The new legislative framework includes the Law on Science, Technology, and Innovation; the Law on Digital Technology Industry; amendments to the Law on Product and Goods Quality; revisions to the Law on Standards and Technical Regulations; and an updated Law on Atomic Energy. Each of these laws has been developed with contributions from the Ministry … Read more

Youngstown Clinches Ownership of Chill-Can Site, Eyes Transformation into Industrial Park after Long Legal Battle

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YOUNGSTOWN, Ohio — After years of legal battles, the city of Youngstown has successfully acquired the former Chill-Can site on the lower East Side. A judge approved the transfer of ownership following a sheriff’s sale held on February 18, where the city purchased the 21-acre property for $1,379,580, a price that represents two-thirds of its assessed value. Jason Small, a senior assistant city law director, confirmed the ruling, stating, “It’s a done deal.” He noted that the city would address additional fees this week related to the property. The acquisition marks a significant milestone for … Read more

Chicago Poised to Redefine Industrial Impact with Pioneering Ordinance Aimed at Protecting Vulnerable Communities

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Chicago, IL – Nearly two years after resolving a civil rights complaint that highlighted racial discrimination in its zoning practices, Chicago is on the brink of adopting transformative legislation aimed at preventing polluting industries from adversely affecting low-income communities of color. The proposed ordinance, which could redefine industrial zoning laws in the nation’s third-largest city, is scheduled for consideration by city leaders this Wednesday. The initiative seeks to introduce a robust framework for evaluating the cumulative environmental impact on neighborhoods prior to the approval of new industrial ventures. This move comes in response to national … Read more

Innovative Industrial Properties Faces Securities Fraud Suit; Investors Urged to Step Forward as Lead Plaintiffs

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San Diego, California – Shareholders of Innovative Industrial Properties, Inc. (IIPR) are presented with a critical deadline as the opportunity to serve as lead plaintiff in a securities fraud class-action lawsuit emerges. This legal action targets allegations surrounding the company’s potential violations of federal securities laws, particularly concerning public statements that may have misled investors. Innovative Industrial Properties, a noted real estate investment trust specializing in the acquisition, ownership, and management of industrial facilities leased to experienced state-licensed operators for regulated cannabis cultivation, is now under scrutiny. The lawsuit claims that certain public statements made … Read more