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 Economic Development News 
Friday, March 28 2014

Spartanburg County facility to produce new X7
Columbia, SC -- BMW announced today that the company will expand its plant in Spartanburg County with a $1 billion investment, which is expected to create 800 new jobs. The expansion includes the addition of a fifth vehicle platform at the plant - the X7 - and it will increase production capacity from 350,000 units to 450,000 units annually, making the Spartanburg facility the highest-capacity plant in the BMW global system by the end of 2016. 
Dr. Norbert Reithofer, chairman of BMW AG, and other BMW executives joined with U.S. Secretary of Commerce Penny Pritzker and Governor Nikki Haley in making the announcement in Greer. Additionally, BMW revealed for the first time the new X4, the latest vehicle model produced in Spartanburg. The addition of the X4 was announced as part of a $900 million expansion in January 2012.

Posted by: Expansion Solutions Magazine AT 01:17 pm   |  Permalink   |  0 Comments  |  Email
Thursday, March 27 2014

Greenville, SC -- Global Location Strategies (GLS), the rapidly-growing South Carolina-based site selection and economic development firm, has promoted Monty Turner and John Longshore to Consultants on its rapidly expanding team.  Both are based out of GLS headquarters in Greenville, South Carolina.
Mr. Turner joined GLS in 2010 as a Business Analyst providing research, analysis and support services to GLS’ portfolio of international site selection and incentive negotiation clients.  In his new role as Consultant, he will focus on site selection project management, client relations and strategic analysis.
Prior to joining GLS, Mr. Turner worked in marketing and sales with Dunlop Sports Group Americas’ North American headquarters developing databases, conducting research and supporting day-to-day logistics and operations.  A native of Johannesburg, South Africa, he holds a Bachelor of Arts degree in Business Administration from Furman University, and an International Baccalaureate Certificate from the American International School of Johannesburg in South Africa.

Posted by: AT 10:34 am   |  Permalink   |  Email
Thursday, March 27 2014

Casper, WY -- The Rawlins Downtown Development Authority/Main Street program was selected as a semifinalist for the Great American Main Street Award.

Rawlins is one of 10 semifinalists vying for the award.  Five communities from around the country will be chosen as recipients of the award on May 18 at the National Main Streets Conference in Detroit, Mich.  This is the first time a Wyoming Main Street community has been selected.  No community from the Rocky Mountain Region has previously won the Great American Main Street Award.

“If any Main Street community deserves this award it is Rawlins, Wyoming,” said Mary Randolph, executive director of the Wyoming Main Street program.  “They have taken the Main Street approach and made it work for their community.  You see their success in new businesses, job creation, the volunteers committed to downtown and in the near future a complete new physical look for the downtown.  Rawlins DDA/Main Street has been entrepreneurial in their approach to downtown revitalization and preserving the unique history of their district.”

Posted by: AT 10:20 am   |  Permalink   |  Email
Thursday, March 20 2014

German prosthetic, orthotic manufacturer to create up to 25 new jobs

03/20/2014 -- Ottobock Healthcare LP relocating its North America Logistics & Distribution operations to Louisville
German prosthetic, orthotic manufacturer to create up to 25 new jobs

Louisville, KY -- Governor Steve Beshear today announced German-owned Ottobock Healthcare LP is moving its North America logistics and distribution operations to Louisville. The medical device manufacturer will create 25 new jobs and invest more than $3 million into the project.

Posted by: AT 11:48 am   |  Permalink   |  Email
Wednesday, March 19 2014
2014 MHI Annual Industry Report - Innovations That Drive Supply Chains

In late 2013, MHI and Deloitte conducted their first MHI Annual Industry Report survey. The topic of this survey was “Innovations that Drive Supply Chains” and the goal was to provide an up-to-date perspective on emerging supply chain trends.

The survey found that supply chain executives want to invest in powerful new technologies and business innovations to improve their supply chains, but are hampered by a shortage of qualified talent and never-ending pressure to cut costs.

Posted by: AT 10:33 am   |  Permalink   |  Email
Tuesday, March 18 2014

Birmingham AL -- SRS Real Estate Partners (SRS) welcomes Adam Baxter as first vice president in the Birmingham office.  Adam will focus on tenant and landlord representation in the Birmingham market.

Baxter joins SRS with 11 years of experience in commercial real estate. Previously he worked with Harbert Realty Services where he was responsible for site selection, lease review, lease negotiation, lease and land acquisitions, dispositions, financial analysis, and strategic planning. While there, Baxter completed more than a million square feet and $20 million of transactions. Prior to that, he worked with Fischer & Company where he sold over $5 million worth of facilities and land for Regions Bank and subsequently earned the "Best Innovation for Regions Bank Branch" award. Additionally, Baxter has worked with notable clients such as FedEx, CitiGroup, and Terminix.

Posted by: AT 09:58 am   |  Permalink   |  Email
Tuesday, March 18 2014

Five-year investment commitment to support growth of automotive industry
Columbia, SC -- Koyo Bearing North America - Orangeburg is investing at least $10 million over a five-year period on new machinery and machinery upgrades at its South Carolina facility, which produces bearings for major automotive manufacturers.
According to the company, the move ensures the company's competiveness in the automotive industry and preserves existing employment levels at the Orangeburg facility, which employs around 500 team members at present.

Posted by: AT 09:24 am   |  Permalink   |  Email
Monday, March 17 2014

Two stations will each receive $400,000

 Little Rock, AR -- The Arkansas Energy Office (AEO), a division of the Arkansas Economic Development Commission, today announced a total of $800,000 in rebates will be provided to two fueling station operators. The station operators, which will be awarded the funds through the Gaseous Fuels Rebate Program, will install Compressed Natural Gas (CNG) equipment to provide public access to clean burning motor fuels.

Posted by: AT 01:58 pm   |  Permalink   |  Email
Monday, March 17 2014
City to Host Mobile Machinery Supply Chain Matchmaking Workshop

The City of Galesburg’s Economic Development Department will host a "Supply Chain Matchmaking Workshop – Mobile Machinery" on Wednesday, March 26, 2014. Supply chain/procurement representatives from two of the region’s premier mobile machinery manufacturers, Kress Corp., and Astec Mobile Screens, Inc., will present information on their supply chain needs and requirements to area businesses.

Posted by: AT 12:14 pm   |  Permalink   |  Email
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