Economic Development News
Thursday, April 30 2015
Goya President Bob Unanue, Goya Executive VP Peter Unanue, New Jersey Governor Chris Christie, & Deputy Mayor Marcos Vigil To Celebrate at Ceremonial Ribbon Cutting
Jersey City, NJ -- Goya Foods, the largest Hispanic-owned food company in the United States, opens new state of the art and sustainable corporate headquarters in New Jersey as part of a $500 million global expansion over the past 10 years. The official ribbon cutting ceremony will be held on Wednesday, April 29, 2015 at 11:00 a.m. at 350 County Road in Jersey City. In honor of the opening, Goya will donate 20,000 pounds of food to five local food pantries, funds to The Golden Door Charter School in Jersey City to help construct a playground, and institute an annual $20,000 scholarship to The Hudson County Schools of Technology-County Prep High School Culinary Program.
Thursday, April 30 2015
Jackson, MS -- Ray Balentine recently joined global engineering, consulting and planning firm Michael Baker International as office executive for its Jackson, Mississippi office.
Balentine brings a deep history of more than 37 years of engineering and planning experience to this role. Prior to joining Michael Baker International, Balentine served as director of intermodal planning for the Mississippi Department of Transportation (MDOT) and has also worked as a consulting engineer with both national and regional firms. While at MDOT, his divisions were recognized with three American Association of State Highway and Transportation Officials (AASHTO) awards for excellence.
Wednesday, April 29 2015
Chicago, IL -- The Reshoring Initiative, an organization committed to helping manufacturers recognize the profit potential of utilizing local sourcing and production, has published its annual data report on reshoring trends, and the news is good. More than 60,000 manufacturing jobs were brought to the United States by reshoring and Foreign Direct Investment (FDI) combined in 2014, representing a 400 percent increase since 2003.
With only 30,000 – 50,000 jobs being offshored to other countries in 2014, the resulting net gain of 10,000 or more jobs per year represents a shift in the right direction. By comparison in 2003, the United States lost net about 140,000 manufacturing jobs per year to offshoring. The steady decrease in the number of jobs lost, capped by a net gain last year, is building confidence that reshoring and FDI are important contributing factors to the country’s manufacturing rebound.
Wednesday, April 29 2015
Austin, TX -- Michael Chrobak has been appointed Executive Vice President of TexasOne, it was announced here today by Tracye McDaniel, President and CEO of the organization. He will be responsible for spearheading research-based lead generation and strategic partnership activities including business attraction and expansion of jobs, investment and industry development for the state.
Tuesday, April 28 2015
Cascade Designs Brings 100 New Jobs to Northern Nevada
Reno, NV -- Cascade Designs, a leader in outdoor adventure gear, today announced the opening of a new manufacturing and distribution facility in Reno, bringing up to 100 new jobs. This announcement was made at the Economic Development Authority of Western Nevada (EDAWN) Board of Trustees and Major Investor Luncheon held at the Atlantis Casino, Resort, and Spa.
Cascade Designs, a privately-held, family owned company for more than forty years began with the simple idea of providing a more comfortable night outdoors. A single patent that developed into the Therm-a-Rest® brand of outdoor sleeping pads has since created a worldwide standard for outdoor sleeping comfort. The company has grown to include some of the most respected brands in outdoor gear including MSR®, SealLine, Platypus™, E Case, PackTowel and Hummingbird and Tracks.
Monday, April 27 2015
Report grades all 50 states and only ten earn the top title of “Innovation Champion”
“Our strong spirit of innovation is a driving force of our successful economy,” said Gov. Gary R. Herbert. “This award confirms the great state of Utah is indeed an innovative leader.”
Monday, April 27 2015
AAPA -- At its 2015 Spring Conference on April 21, the American Association of Port Authorities (AAPA)—the unified and recognized voice of seaports in the Americas—elected Jim Quinn, president and CEO of New Brunswick, Canada’s Port Saint John, to serve as the international trade association’s chairman of the board for the 2015-16 activity year.
Mr. Quinn is slated to be installed as AAPA’s chairman for a one-year term on the final day of the association’s 104th Annual Convention, set for Nov. 2-4, 2015, in Miami. He will assume the AAPA chairmanship from Port of Hueneme (Calif.) CEO and Port Director Kristin Decas, who began her one-year term as chairwoman last October.
Friday, April 24 2015
West Plains, MO -- The City of West Plains, in partnership with the country’s recognized leader in community branding, has unveiled a new brand identity that is designed to attract more residents, businesses and visitors to the city.
The strapline “West Plains: Make It Happen Here” was developed by North Star Destination Strategies, Inc. as part of a community-wide initiative that was 15 months in the making. The brand was approved by a panel of West Plains community representatives, and is a nod to the community’s strong entrepreneurial spirit, sense of self reliance, and the abundance of resources available to build a life in West Plains.
Friday, April 24 2015
West Plains, MO -- West Plains may soon be the home for an Ad-vanced Manufacturing Training Center that could serve as one of the premier training facil-ities in the state.
Plans are underway for the creation of a Center that would provide training on traditional edu-cation and key technology skills that are in demand by manufacturers. The project is a joint effort between the South Central Career Center, Missouri State University-West Plains, and the City of West Plains, and we are cur-rently looking at the 16,000-square-foot City Scales Building near downtown to house the Center.
Thursday, April 23 2015
The approximate 200,000-square-foot building is expected to be completed in late 2016; ABF FreightSM and ArcBest Technologies employees will remain at current Old Greenwood Road location
Fort Smith, AR -- ArcBest CorporationSM [Nasdaq: ARCB] on Tuesday announced it will break ground for construction on its new corporate headquarters at a ceremony at 1:30 p.m. April 15 at Chaffee Crossing in Fort Smith. Gov. Asa Hutchinson also is scheduled to attend the ceremony.
In May 2014, ArcBest, a transportation and logistics company, announced the purchase of 40 acres off McClure Drive in east Fort Smith for the corporation’s new headquarters. The approximate 200,000-square-foot building is expected to be completed in late 2016 and will help ease the company’s current tight quarters as it continues to experience significant growth.
Thursday, April 23 2015
Iberville Parish project comes after governor’s economic mission to Asia; will result in more than 750 new direct and indirect jobs and 2,100 new construction jobs
Plaquemine, LA -- Gov. Bobby Jindal and Shintech Inc. founder and Chairman Chihiro Kanagawa announced the company will make a $1.4 billion capital investment to supply its Iberville Parish facilities with new ethylene production capacity. Shintech, a North American subsidiary of Japan-based Shin-Etsu Chemical Co. Ltd., will create 100 new direct jobs with an average annual salary of $68,500 per year, plus benefits. Shintech will retain 335 existing direct jobs, with another 350 contract workers also employed at the company sites in Plaquemine and Addis, Louisiana.
Louisiana Economic Development estimates the project will result in 658 new indirect jobs, for a total of more than 750 new jobs in the Capital Region and surrounding areas. In addition, the company estimates 2,100 construction jobs will be generated by the project at peak building activity. The world’s largest PVC plastics manufacturer, Shintech will be constructing the first ethylene plant built in the U.S. by a Japanese chemical company.
Nebraska Public Power District to implement innovative solution, curbs carbon emissions while growing economy
Friday, April 17 2015
Lincoln, NE -- Nebraska Public Power District (NPPD), Nebraska’s largest electric utility, plans to replace an existing coal-fired boiler at its Sheldon Station plant in Hallam, Neb. with one that uses clean-burning hydrogen fuel. The hydrogen will be produced by Monolith Materials as a co-product from its production of carbon black using natural gas as a feedstock. The collaborative undertaking is expected to create good paying jobs at the site and enable NPPD to continue to generate and deliver affordable, reliable and sustainable energy to Nebraskans.
To obtain this new hydrogen fuel source in Nebraska, NPPD is working with Monolith Materials – a manufacturing company that produces hydrogen as a byproduct in its production of cleanly made carbon black. When burned, the hydrogen fuel produces zero greenhouse gas emissions. Through this agreement, NPPD is expected to reduce CO2 emissions at Sheldon Station by 1.1 million tons per year. The Sheldon Station boiler using hydrogen as a fuel will continue to be capable of generating 125 megawatts of electricity for NPPD’s customers. The boiler conversion is also expected to result in a dramatic reduction in other types of air emissions, as well as aide in NPPD’s maintaining service as a low-cost energy producer for Nebraskans.
Monday, April 06 2015
Knox County, TN -- Hicks Plastics officials announced recently that the company will open a new manufacturing facility in Knoxville in order to increase supplier efficiency. Hicks Plastics plans to invest $10.4 million to begin operations in an existing building located at 1821 Mid Park Dr., creating 202 new jobs in Knox County.
Thursday, April 02 2015
The Port of South Louisiana hosted Congressman Garret Graves during his recent visit to various agencies in the River Region. Executive Director Paul Aucoin and other Port representatives provided an overview of the Port of South Louisiana along with a tour of the Port’s public terminal, Globalplex Intermodal, receiving a detailed description along the way. Following, Congressman Graves and Mr. Aucoin visited with executives from Marathon Petroleum Corporation at their Garyville, Louisiana facility.
The stay at the Port of South Louisiana culminated with a luncheon attended by local business and government leaders, including Senator Gary Smith, St. Charles Parish President V.J. St. Pierre, St. John the Baptist Parish President Natalie Robottom, and St. James Parish President Timothy “Timmy” Roussel.
Wednesday, April 01 2015
Cincinnati, OH -- Security National Automotive Acceptance Company, LLC (SNAAC) announced it has opened a second office in Cincinnati, Ohio.
“SNAAC is on a high growth trajectory – with the expansion of our vehicle financing program to the civilian market and the recent addition of a new, national motorcycle program. As a result, we are hiring new employees and needed additional space for our team to serve our clients,” said Brian McDonald, president and CEO of SNAAC. “The new office is close to our headquarters and provides additional conference rooms and training space.”