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 Economic Development News 
Friday, January 18 2019

Lansing, MI — Three business expansions and two community revitalization projects that will generate a total of $17.7 million in private investment and create 173 jobs have received Michigan Strategic Fund support, the Michigan Economic Development Corporation announced.

“These projects will lead to new business growth, revitalized communities and more and better jobs for our residents. We’re pleased to work with our local partners and support these investments,” said Jeff Mason, CEO, Michigan Economic Development Corporation, the state’s chief marketing and business attraction arm that administers programs and performs due diligence on behalf of the MSF.

“The decision by these companies to expand in Michigan means good jobs for our residents and demonstrates the strength of our state’s talented workforce,” Mason said

Posted by: AT 09:15 am   |  Permalink   |  Email
Friday, January 18 2019

Topeka, KS – Park Aerospace Technologies Corporation announced that it will be undergoing a massive expansion in Kansas.

At a special joint meeting Monday, the Newton City Commission and Harvey County Commission approved a development agreement with Park for a $19 million expansion.

The expansion will allow Park to double its number of employees, with plans to go from the current 73 employees to 146 in the next five years. The company intends to build a new 90,000 square-foot facility in order to accommodate the increased workforce, as well as to create more production space.

Posted by: AT 09:11 am   |  Permalink   |  Email
Thursday, January 17 2019
  • Project will generate private investment of $42.8 million
  • Company adding nonstop service to two new cities
  • Location key to company’s strategic growth

Lansing, MI — Allegiant Air, LLC, a provider of nonstop air service to 120 popular destinations in the United States, plans to expand its operations at Gerald R. Ford International Airport in Grand Rapids, the Michigan Economic Development Corporation announced.

The project is expected to generate a total capital investment of more than $42.8 million and create at least 66 permanent jobs, resulting in a $200,000 Michigan Business Development Program performance-based grant from the Michigan Strategic Fund. Michigan was chosen over competing airports in several other states.

Posted by: AT 01:45 pm   |  Permalink   |  Email
Thursday, January 17 2019
Posted by: AT 01:35 pm   |  Permalink   |  Email
Thursday, January 17 2019

Leader in cancer treatment will also have R&D, manufacturing in new Rockville facility, will create 170 jobs

Baltimore, MD — Maryland joined with Montgomery County to announce support for the new U.S. headquarters of Autolus, a U.K.-based biopharmaceutical company focused on discovering and developing treatments for cancer. The company plans to create approximately 170 new jobs by 2021. A leader in T-cell programming and manufacturing technology, the company will also have research and development and manufacturing operations in Rockville.

“Autolus is delighted to base its U.S. headquarters in Montgomery County, Maryland. With its educated and diverse workforce and proximity to world-class research facilities and universities, Montgomery County was the natural choice for us to base our U.S. hub,” said Matthias Alder, senior vice president and chief business officer of Autolus.

Posted by: AT 10:09 am   |  Permalink   |  Email
Tuesday, January 15 2019

Minnesota-based financial services company expects to create 180 jobs over three years

Madison, WI — EQ, a Minnesota-based financial services and corporate services company, is establishing operations in Milwaukee—a project expected to create 180 jobs on the city’s northwest side.

The company, established in 1929, provides a range of transfer agent services that enable clients to manage share registers, communicate with shareowners and undertake significant corporate actions—simply and effectively. Formerly known as Wells Fargo Shareowner Services, EQ is part of an international organization that services 23 million shareholders and more than 1,200 clients worldwide.

“Milwaukee is a fabulous city with a talented and diverse workforce. We know that this facility, along with the future staff, will become a strategic asset to our organization as we support our clients in exceeding their goals. We look forward to becoming an integral part of the community,” said Todd May, CEO of EQ.

Posted by: AT 09:37 am   |  Permalink   |  Email
Monday, January 14 2019

Fort Smith, AR — Crafton Tull is a civil engineering, surveying, architecture, landscape architecture, and planning firm with more than 200 employees working out of seven offices across Arkansas and Oklahoma—until now. The firm announces the early 2019 opening of their eighth office in Chaffee Crossing at One McClure Place, 8101 McClure Drive, Fort Smith, Ark.
One McClure Place developer ERC courted Crafton Tull for the available space because ERC and many other organizations, including Fort Chaffee Redevelopment authority and city of Fort Smith, work with the firm regularly. ERC chairman Rod Coleman says, “It is time for a major firm like Crafton Tull to have a presence in Arkansas’ second largest city. Their work is influencing new development, city planning, and landscape architecture all across the region. We both agree that Fort Smith is the next logical place for them to be established.”

Posted by: AT 11:35 am   |  Permalink   |  Email
Thursday, January 10 2019

Health IT company to create 500 jobs, invest more than $5 million

Cobb County, GA — Governor Nathan Deal announced that BioIQ, a health IT company, will create 500 jobs and invest more than $5 million in Cobb County through the location of its new headquarters. New jobs will include positions in technology, sales and operations.

“BioIQ has significant reach across the nation and has proven itself to be a leader in health care innovation,” said Deal. “By locating its headquarters in Cobb County, BioIQ will join Georgia’s thriving technology innovation sector and enjoy the benefits of our deep talent pool. I am confident BioIQ will find quick and lasting success with the help of Georgia’s low-tax, top-ranked business climate. We are proud to welcome BioIQ to the No. 1 state for business and we look forward to the growth of this partnership in the years to come.”

Posted by: AT 10:49 am   |  Permalink   |  Email
Thursday, January 10 2019

Microsoft investment and expansion will create more than 100 new jobs

Richmond, VA — Governor Ralph Northam announced that Microsoft Corporation, one of the largest and most influential companies in the world, will inject significant capital investment to expand its enterprise data center in Mecklenburg County. The project is Microsoft’s sixth expansion at the facility since 2010 and will allow the company to further enhance its ability to serve customers in the U.S. and across the globe. Virginia successfully competed against multiple states for this significant investment, which will create more than 100 new jobs.

“When Microsoft established its new enterprise data center in 2010, it represented the largest economic investment in southern Virginia history, and we have been thrilled to see the company continue expanding in the Commonwealth ever since,” said Governor Northam. “Microsoft’s sustained investment in Virginia has created hundreds of new jobs for our citizens and advanced our position as a leader in information technology. We thank Microsoft for its tremendous contribution to the economies of Mecklenburg County and to the Commonwealth as a whole.”

Posted by: AT 09:47 am   |  Permalink   |  Email
Wednesday, January 09 2019

Nashville-based manufacturer investing $9 million, creating 70 jobs

Nashville, TN — Tennessee Department of Economic and Community Development Commissioner Bob Rolfe and Military Systems Group, Inc. (MSG) officials announced that the Nashville-based manufacturer will expand its operations in Davidson County and anticipates creating 70 new jobs during the next five years.

“The strength of Middle Tennessee’s robust economy is built around companies like MSG,” Rolfe said. “We look forward to the benefits these new high-quality jobs will have for residents in Davidson County.”

Founded in 1977 to manufacture the legendary .50 caliber machine gun, MSG now designs and manufactures specialty weapons mounting systems for various U.S. national defense programs. The company caters primarily to the U.S. Government and also supports U.S. partners and allies around the globe.

Posted by: AT 09:35 am   |  Permalink   |  Email
Wednesday, January 09 2019

Joint venture with SABIC would result in 75 new direct jobs, estimated 350 new indirect jobs

Baton Rouge, LA — Governor John Bel Edwards and South Louisiana Methanol CEO Paul Moore announced the company plans to pursue a $2.2 billion capital investment in a new methanol complex in St. James Parish. Preliminary work on the project began last year at a 1,500-acre Mississippi River site. South Louisiana Methanol could begin formal construction later this year subject to successful negotiations with a new joint venture partner, a Houston-based subsidiary of Saudi Arabia-based SABIC.

Through the project, South Louisiana Methanol and SABIC would create one of the world’s largest methanol production sites. Originally announced in 2013 as a project of Texas-based ZEEP Inc. and New Zealand-based Todd Corporation, South Louisiana Methanol is now majority-owned by Todd Corporation and will pursue the joint-venture methanol project with SABIC.

Posted by: AT 09:31 am   |  Permalink   |  Email
Wednesday, January 09 2019

Manufacturers, service and tech companies in 2018 announced plans to create 14,500 full-time jobs

Frankfort, KY — Companies pledged nearly $5.3 billion in expansions and new facility locations throughout Kentucky this year, making 2018 the second-highest in state history for corporate investment, Governor Matt Bevin announced.

From those investments spanning 374 individual projects, businesses plan to create more than 14,500 full-time jobs in the coming years. The state’s 2018 performance brings the Bevin administration total to $18.1 billion in announced investment and 50,745 jobs announced, more than any previous four-year administration in Kentucky.

Posted by: AT 09:23 am   |  Permalink   |  Email
Wednesday, January 09 2019

McDonough, GA — The Henry County Development Authority announced that GFA, a premier provider of total logistics solutions and supply chain analysis, has located in Henry County to provide enhanced logistics solutions for LG Electronics.  The company is creating 34 new jobs at their new facility in Greenwood Industrial Park (McDonough, Georgia) to support their client.

GFA, headquartered in Valley, Alabama, fulfills its mission by providing innovative solutions and supply chain analysis that fit their customers’ needs.  The company’s 300,000 sf McDonough facility will distribute a wide array of LG Electronics products.

Posted by: AT 09:20 am   |  Permalink   |  Email
Friday, December 21 2018

Birmingham, AL -- The larger and more obvious economic development successes in the Birmingham region this year, such as Mercedes-Benz, DC BLOX, Shipt, McLeod Software and Amazon, really drive the unprecedented job numbers the region is seeing, said Brian Hilson, President and CEO of the Birmingham Business Alliance (BBA). 

“By year’s end we expect the Birmingham region will surpass, for the first time ever, 4,000 announced jobs from core sector economic development projects,” Hilson said. “Similarly, capital investment for those companies should come in at just under $1 billion, which is one of our best years on record.”

While these larger projects are extremely important, the BBA is also excited about the growth of small businesses. Hilson said Birmingham has an outstanding entrepreneurial climate and that the numerous successful technology business startups the city is seeing bode well for Birmingham’s future economy, as those companies may someday be large themselves. 

Posted by: AT 12:35 pm   |  Permalink   |  Email
Friday, December 21 2018

Hickory, NC -- A German group of specialized radiopharmaceutical companies has selected Hickory, North Carolina, for the first North American manufacturing plant of its subsidiary Isotopes Technologies Garching, creating 137 new well-paying jobs.

The parent company Isotopen Technologien München AG (ITM), based in Garching near Munich, will invest $12 million in Catawba County. ITM develops, produces and supplies innovative diagnostic and therapeutic radionuclides and radiopharmaceuticals. Some of ITM’s products are part of a new generation of targeted cancer diagnostics and therapies.

“Establishing our first North American facility is a remarkable milestone for our company and we are very excited,” said Steffen Schuster, CEO of ITM. “This enables us to achieve further growth and to be closer to our U.S. customers providing advanced targeted radiotherapeutics, which are likely to create enormous opportunities in cancer treatment.”

Posted by: AT 12:28 pm   |  Permalink   |  Email
Friday, December 21 2018

McDonough, GA -- The Henry County Development Authority announced that General Mills, manufacturer and marketer of branded consumer foods, will invest $8.5 million in its new state-of-the-art distribution facility located on Westridge Parkway in McDonough, Georgia. The project will create more than 50 new jobs.   

General Mills, headquartered in Minneapolis, MN, serves the world by making food people love.  Following the company’s acquisition of Blue Buffalo Pet Products, Inc. earlier this year, they are also a leading manufacturer and marketer in the wholesome natural pet food category. The 408,000 sf McDonough facility will distribute the General Mills Blue Buffalo family of products throughout the Southeast.

“Blue Buffalo is the #1 Wholesome Natural pet food brand in the U.S. and we are pleased to be expanding with the addition of the facility in McDonough,” said Billy Bishop, President of General Mills Pet Segment.

Posted by: AT 11:56 am   |  Permalink   |  Email
Friday, December 21 2018

Fort Pierce, FL -- Islamorada Beer Company’s Fort Pierce employees recently received more than $15,000 in career training opportunities, paid for in part by a State of Florida Incumbent Worker Training Grant.

The state grant reimburses a portion of pre-approved continuing education and training costs for current employees of existing Florida businesses.

“Rather than simply looking outside the company for new talent, we have always believed that investing in and training our current employees is imperative to our success,” said Tyrone Bradley, president and co-founder of Islamorada Beer Company. “The Incumbent Worker Training Grant has helped us to further execute this belief by assisting financially with the training required to elevate these employees in their positions and prepare them for expanded responsibilities.”

Posted by: AT 11:50 am   |  Permalink   |  Email
Friday, December 21 2018

140,700 Square Feet Leased to Two Companies

Wilmington, OH -- The Clinton County Port Authority (Port Authority) Board of Directors recently approved three facility leases representing nearly 140,700 square feet of space in three buildings at the Wilmington Air Park.

“These leases are with businesses currently at the Air Park,” said Dan Evers, Executive Director of the Clinton County Port Authority. “Their businesses are growing, and we are glad to accommodate that.”

Airborne Maintenance and Engineering Services (AMES), a division of Air Transport Services Group (ATSG) has leased over 15,000 square feet in the building immediately adjacent to the newest hangar. The Port Authority and AMES are working together to complete some building upgrades and modifications to support their expected operations.

Posted by: AT 11:38 am   |  Permalink   |  Email
Friday, December 21 2018
Port of Brownsville Announces New Director of Communications

Brownsville, TX -- The Port of Brownsville announces the promotion of Jorge I. Montero as new director of communications, effective Dec. 17, 2018.

Montero has more than 14 years of experience in journalism, marketing and communications, previously serving as communications specialist for the port. He now oversees the department responsible for implementing internal and external communications and media relations efforts for the Port of Brownsville.

Posted by: AT 11:31 am   |  Permalink   |  Email
Tuesday, December 18 2018

Customer service centers in Bossier City and Baton Rouge will support state agencies

Baton Rouge, LA — Governor John Bel Edwards and YoungWillliams PC President Rob Wells announced the company will create 240 direct jobs and make a $4.1 million capital investment through new call centers in Bossier City and Baton Rouge. YoungWilliams will provide support for social services after reaching an agreement with the Louisiana Department of Children and Family Services to operate call centers for a five-year period. Call center functions for DCFS previously were outsourced to a company operating in Florida and California.

For the Louisiana Department of Children and Family Services, the LAHelpU call centers field inquiries about child support enforcement, fraud and recovery, and federal assistance programs such as the Supplemental Nutrition Assistance Programs or SNAP (formerly known as food stamps) and the Family Independence Temporary Assistance Program, known as FITAP, which provides cash assistance to low-income families with children. About 500,000 calls are placed each month to the call centers, and customer service representatives interact with about 125,000 of those calls per month. The system was established when the state closed some of its assistance offices as a cost-saving measure in 2012.

Posted by: AT 11:00 am   |  Permalink   |  Email

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