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 Economic Development News 
Thursday, November 30 2017

North Manchester, IN -- Precision Medical Technologies, a contract manufacturer of orthopedic implants and instruments, announced plans today to expand its operations to Wabash County, creating up to 60 new jobs by 2022.

"Indiana's reputation as the orthopedics capital of the world is made possible because of growing companies like Precision Medical Technologies," said Elaine Bedel, president of the Indiana Economic Development Corporation (IEDC). "By leveraging our sound fiscal policies and pro-growth business environment, Indiana delivers the resources and the people that companies need. We look forward to witnessing Precision Medical Technologies' success."
The company, which already has facilities in Kosciusko and Noble counties, will invest nearly $5 million to expand its operations, purchasing and renovating a 9,000-square-foot manufacturing space at 400 Beckley St. in North Manchester. The site will house CNC machinery and related equipment to support the company’s new operations for disposable surgical instruments, and the company's current manufacturing implants and reusable instruments operations will continue at its existing sites in Warsaw and Rome City, Indiana.

Posted by: AT 03:49 pm   |  Permalink   |  Email
Tuesday, November 28 2017

Company to invest $31.3 million, create 124 new jobs
Fayetteville, AR — OurPharma, a start-up manufacturer of generic medications, announced it is locating a facility in Fayetteville to develop lower cost alternatives to generic drugs. The company plans to invest approximately $31.1 million in the Fayetteville facility where they will initially hire 10 to 12 new employees and expand to more than 100 employees within a seven-year period. Construction will begin this winter on the 14.9-acre site in the Fayetteville Commercial Park.

“We want to fill a great need for generic drugs locally, in the region, and nationally by starting with compounding, and then progressing into the manufacturing of generic pills, tablets and capsules,” said Dr. Peter Kohler, CEO of OurPharma. “Our goals are to be a major generic drug company over the next decade and to provide affordable and much needed medications to the patients.”

Posted by: AT 08:22 am   |  Permalink   |  Email
Monday, November 27 2017
Four more Neo-Panamax cranes arrive at the Port of Savannah

Photo Caption: The Georgia Ports Authority welcomed the arrival of four massive ship-to-shore cranes Wednesday, Nov. 22, 2017, at the Port of Savannah's Garden City Terminal. Find print-quality images here. Watch a video of the cranes' arrival here. (Georgia Ports / Stephen B. Morton)

Georgia Ports Authority ship-to-shore fleet climbing toward 36

Savannah, GA - Four additional Neo-Panamax cranes sailed into the Port of Savannah last week, with a 50- by 100-foot American flag across the side.
"To see these massive new cranes arrive flying the stars and stripes makes us proud to be part of an operation that provides jobs and opportunity for so many," said Georgia Ports Authority Executive Director Griff Lynch.
Once commissioned, the new cranes will bring Savannah's fleet to 30. Six additional cranes will arrive in 2020. When all are commissioned, the upgrade will allowthe nation's largest single container facility to move nearly 1,300 containers per hour.

Posted by: AT 10:43 am   |  Permalink   |  Email
Tuesday, November 21 2017

Lockhart, TX -- Irby Construction Company, a premier transmission construction company based out of Richland, MS, has expanded to Lockhart, Texas, just 30-minutes southeast of downtown Austin. The new facility includes 14,000 square feet (SF), of which 4,000 SF is office space and 10,000 SF is warehouse. The Lockhart facility will begin with eight employees in the office who will be supporting over 200 employees in the Texas market. Due to the boom in energy infrastructure projects, Irby expects to continue hiring employees over the next 10 years to support expected growth. The leased facility is located at 1406 Blackjack Street, Lockhart, Texas, 78644.
“We’re looking forward to our new operations in the BBQ Capital of Texas, Lockhart,” said Andre Foster, Executive Director of Business Development for Irby Construction. “The access to future-focused infrastructure, an abundant and skilled workforce, and business friendly climate of the community made the decision to locate in Lockhart easy. We’re excited to engage with and support the Lockhart and Caldwell County community as one of its newest corporate citizen.”

Posted by: AT 10:38 am   |  Permalink   |  Email
Friday, November 17 2017
Eastern Idaho's First FDI Awarded Nearly $238,000 for Idaho Global Entrepreneurial Mission (IGEM) Grant

Idaho Falls, ID — The Idaho Department of Commerce has awarded an Idaho Global Entrepreneurial Mission (IGEM) Grant to the University of Idaho, Boise State University and their Center for Advanced Energy Studies, to partner with Sakae Casting - a Japan-based company that opened their first U.S. location in Eastern Idaho in April.

IGEM Grants are awarded to state research universities to partner with industry leaders on research projects geared toward commercialization.

The nearly $238,000 grant will help fund Sakae Casting’s research and development efforts by partnering with Idaho’s leading research universities to potentially change spent nuclear fuel storage and cooling capabilities at nearly 100 nuclear power sites.

Posted by: AT 09:25 am   |  Permalink   |  Email
Tuesday, November 14 2017

Manufacturer to invest $2 million, create approximately 50 jobs
Nashville, TN — Magnum Manufacturing, Inc. announced plans to invest $2 million in its operations in Erin and create approximately 50 jobs in Houston County during the next five years.
“This expansion by Magnum is significant for Erin and Houston County,” TNECD Commissioner Bob Rolfe said. “It is critical for us to encourage job creation and private investment in a Tier-4 county such as Houston. One of our top priorities is to have zero distressed counties by 2025. The creation of approximately 50 jobs in Erin will go a long way toward achieving this goal, and we thank Magnum for its commitment to the people of Houston County.”

Posted by: AT 08:47 am   |  Permalink   |  Email
Friday, November 10 2017
Chobani Announces Expansion of Twin Falls, Idaho Facility
Company breaks ground on 70,000 square foot new state-of-the-art Innovation and Community Center
Twin Falls, ID -- Chobani, America’s #1 Greek yogurt brand and second largest U.S. yogurt manufacturer, announced the expansion of the world’s largest yogurt plant in Twin Falls, Idaho, breaking ground on a 70,000 square foot facility that will serve employees, guests and house Chobani’s Global Research and Development Center.
“I’m grateful for the specialness we share with the people of the Magic Valley,” said Hamdi Ulukaya, Founder and CEO, Chobani. “Twin Falls is one of those special places where there’s a strong entrepreneurial mindset, the people are incredible, and a handshake truly means something. It’s a special ecosystem when it comes to food making. Our home in Idaho is not only a celebration of our employees and our community, but is also a space to inspire creativity, drive even more innovation and take us further on our mission to bring better food to more people.”
Posted by: AT 10:40 am   |  Permalink   |  Email
Thursday, November 09 2017
Port of South Louisiana Executive Director Honored with World Trade Center of New Orleans Awards

New Orleans, LA  — Last week, the World Trade Center of New Orleans celebrated Louisiana International Trade Week, a week-long event that included industry panel sessions and workshops. Presenting sponsors were the Port of South Louisiana and Associated Terminals.
The week’s activities culminated last Friday evening, November 3, 2017, with the Louisiana International Trade Jubilee, a black-tie celebratory affair and fundraiser benefiting the World Trade Center of New Orleans. During the jubilee, the Port of South Louisiana’s Executive Director Paul Aucoin received this year’s Eugene J. Schreiber Award, established in memory of the late Eugene “Gene” Schreiber, which honors an individual who demonstrates exceptional knowledge and leadership in promoting international trade policy for the benefit of the State of Louisiana.

Posted by: AT 08:21 am   |  Permalink   |  Email
Tuesday, November 07 2017

Company investing in one million-square-foot expansion
Columbia, SC — Harbor Freight Tools, Dillon County's largest employer, announced a one million-square foot expansion of its East Coast distribution facility. This expansion is projected to create more than 500 new jobs, bringing the company's total investment in South Carolina to more than $200 million.
Founded in 1977, Harbor Freight Tools is a family-owned national tool retailer based in Calabasas, Calif. With more than 800 stores nationwide and a new store opening approximately every three days, the company has more than 40 million customers.

Posted by: AT 08:43 am   |  Permalink   |  Email
Monday, November 06 2017
Port of Savannah achieves 32 percent growth in October

Savannah Harbor deepening to provide more than $14B in savings

Savannah, GA — Container trade at the Port of Savannah grew by 32 percent in October, with Garden City Terminal moving 410,000 twenty-foot equivalent container units, an increase of nearly 100,000 TEUs.
It was the first time in the port's history that it topped 400,000 TEUs in a single month. For the fiscal year to date (July 1-Oct. 31), the Port of Savannah has moved 1.42 million TEUs, up by 155,050 or 12.3 percent.
"Since the opening of the expanded Panama Canal, Garden City Terminal has experienced meteoric growth," said GPA Executive Director Griff Lynch. "We're now handling more ships, bigger vessels and larger cargo exchanges. By working more weekly vessel calls than any other East Coast port, and serving more neopanamax ships than any other port in the U.S. Southeast, Savannah has strengthened its position as a vital gateway to the global marketplace."

Posted by: AT 11:09 am   |  Permalink   |  Email
Thursday, November 02 2017

Lubbock, TX -- The Lubbock Economic Development Alliance (LEDA) announced the creation of 66 new jobs and $66 million in capital investment at a press conference Wednesday morning. The additional jobs and investment come as a result of the expansion of two local businesses.

X-FAB Texas, Inc. expanded its operations to include the production of silicon carbide power devices. Now, Lubbock is the first 6-inch silicon carbide foundry in the world. The company made a capital investment of more than $15 million to adapt its production to manufacture high-efficiency electrical power via Wide BandGap materials such as the silicon carbide wafers, and expects to spend as much as $50 million in capital investment over the next 10 years to increase capacity for Wide BandGap manufacturing.

Posted by: AT 09:32 am   |  Permalink   |  Email
Wednesday, November 01 2017

Company investing more than $5 million to expand Lowcountry operations
Columbia, SC — AHT Cooling Systems USA, Inc., a provider of custom refrigerated and frozen merchandising solutions, is expanding its existing Charleston County facility by adding assembly and distribution operations. The project will result in more than $5 million in capital investment and lead to the creation of more than 70 new jobs.
With more than 30 years of experience, AHT Cooling Systems services the grocery and small format retail markets with manufacturing sites in Austria, China and Brazil. To establish its first production site in the U.S., the company is upfitting its Charleston County operations with a production business unit for the assembly of commercial refrigeration and freezing equipment.

Posted by: AT 02:09 pm   |  Permalink   |  Email
Wednesday, November 01 2017

Company a stop on Walmart manufacturing tour

Sterling, IL — Wahl Clipper has fought to hold onto its core values in an age of increasing globalization, but it hasn’t always been easy.

While its larger competitors were outsourcing jobs, the Sterling-based worldwide leader in consumer personal care products has continued to invest at home, continually increasing its local workforce and putting millions into the expansion of its headquarters. Ground will be broken on another building project next year.

Walmart, the company’s largest customer, brought its “Made in America” movement to Sterling on Monday, drawing a large group of politicians, local leaders and employees of both companies. Central to Walmart’s initiative, which began in 2013, is the retail giant’s pledge to buy an additional $250 billion in American-made products by 2023.

Posted by: AT 02:01 pm   |  Permalink   |  Email
Wednesday, November 01 2017
Honda nearly triples its Brunswick cargo

47,700 HRV, FIT and Civic vehicles cross Colonel's Island docks in FY2017

Savannah, GA — American Honda Motor Company nearly tripled its business through the Port of Brunswick in Fiscal Year 2017, adding 34,700 vehicles over the previous year.
"We'd like to thank Honda and International Auto Processors for their part in helping GPA move more than 600,000 vehicles through the Port of Brunswick last fiscal year," said Georgia Ports Authority Executive Director Griff Lynch. "To ensure Brunswick continues to provide world-class service, GPA is expanding auto processing infrastructure to stay ahead of demand."

Posted by: AT 11:05 am   |  Permalink   |  Email
Wednesday, November 01 2017
Port of South Louisiana Executive Regional Airport (KAPS) Opens First Transient Hangar

Reserve, LA — The Port of South Louisiana Executive Director Paul Aucoin and Airport Director Vincent Caire, along with members of the Board of Commissioners, commemorated the official opening of the first transient hangar (1) at Port of South Louisiana Executive Regional Airport, expanding services at the aero center in Reserve, Louisiana. Designed by NY Associates, Inc. and constructed by Justin J. Reeves, LLC, the 6,363 square-foot hangar has the capacity to accommodate a variety of large corporate and business aircraft, which are utilizing the Executive Regional Airport in Reserve on a more frequent basis.
“The commemoration of the new hangar demonstrates Port of South Louisiana’s commitment to making the Executive Regional Airport a full-service airport,” said Executive Director Paul Aucoin. “The new hangar, along with our other improvements, allows us to be very competitive and we will continue to make additional improvements to attract more aircraft.”

Posted by: AT 10:53 am   |  Permalink   |  Email
Wednesday, November 01 2017

Six new ship-to-shore cranes on order to handle Port's record-breaking container growth

Charleston, SC — The South Carolina Ports Authority Board of Directors approved a $69.5 million contract for the purchase of six new ship-to-shore (STS) cranes to serve growing container volumes and big ships calling the Port of Charleston.
"As the largest crane purchase in our history, the contract approved is an important part of our overall investment in infrastructure and capacity to ensure the Port is well-positioned for the future," said Jim Newsome, SCPA president and CEO. "When the cranes arrive in late 2019, deepening of the Charleston Harbor to 52 feet will be nearly two-thirds complete and construction of our new container terminal will also be nearly finished."

Posted by: AT 09:29 am   |  Permalink   |  Email
Wednesday, November 01 2017

Columbus, OH — Le Tote Inc., the fashion rental service that delivers unlimited clothing and accessories for a flat monthly fee, announced plans to open a distribution center in the Columbus Region, creating 400 new jobs. Hiring for positions in warehouse, quality control, receiving, inventory and laundry will begin in Q4 2017.
The new 250,000-square-foot facility will be located in Obetz on 5465 Centerpoint Parkway. Le Tote will invest more than $1.1 million in training costs, machinery and equipment.
“We chose the Columbus Region for its prime access to our customers and to global retail brands,” said Brett Northart, president and co-founder of Le Tote. “The Obetz location will enable us to upgrade our distribution capabilities while ensuring costs remain low.”

Posted by: AT 09:26 am   |  Permalink   |  Email
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