Economic Development News
Tuesday, January 23 2018
Automotive supplier creating more than 150 jobs at three facilities
Tuesday, January 23 2018
Lockhart, TX — College Station-based Dailey Electric, Inc., will open a 9,100-square foot facility on six and half acres in Lockhart, Texas. The company has purchased a property at the intersection of SH-130 and Maple Street and expects to grow to 100 electrical construction employees in over five years. The facility is located at 2201 Maple Street and is the latest company to choose a site along SH-130 to better serve the growing Central Texas marketplace.
The Lockhart facility will handle the electrical contracting work in Lockhart and the surrounding areas. The SH-130 toll road, which connects Austin to San Antonio with an 85 MPH speed limit, and the access to talent were large factors in the company’s decision to expand to the city.
Monday, January 22 2018
Manufacturer of Firearm Products to Locate in Rutherford College
Burke County, NC — ZRODELTA will open a company headquarters in Rutherford College creating 151 jobs and investing $34M over the next five years. Ammunition and firearms will be manufactured and distributed from the 120,000 sq. ft. facility.
"This is wonderful news for Burke County," said Jeff Brittain, Chair of the Burke County Commissioners. "We have had several big announcements lately and it is nice to know that the secret is out about Burke County."
ZRODELTA is best known for its true return-to-zero DLOC optical mounts, bipod and tripod shooting interfaces, and OEM supply chain services. It will co-locate in the building along with Modern Munitions Group, which manufactures specialized, work-class ammunition, and Critical Resources, which is the contractual and distribution arm of Modern Munitions and ZRODELTA.
Wednesday, January 17 2018
Mesa, AZ -- Governor Doug Ducey announced that Arizona will be home to SkyBridge Arizona, the nation's first international air cargo hub to house both Mexican and United States customs. The first-of-its-kind service, which will be operated out of Phoenix-Mesa Gateway Airport, will enable E-commerce companies, manufacturers and other commercial interests conducting business in Mexico and throughout Latin America to more efficiently and cost-effictively transport goods between countries, while ensuring proper inspections and safety controls.
The project is expected to create 17,000 direct and indirect jobs and increase cargo flights out of Phoenix-Mesa Gateway Airport by 2,000 a year, eventually reaching 10,000 by 2036.
Thursday, January 11 2018
Montgomery, AL — Governor Kay Ivey joined Toyota and Mazda leaders to announce that the automakers have selected Huntsville, Alabama, as the site of their new joint-venture manufacturing plant.
The new plant will have the capacity to build 300,000 vehicles annually, with production split evenly between two lines for each company to produce a new Mazda crossover model that will be introduced to North American markets and the Toyota Corolla.
The joint venture represents a $1.6 billion investment that Mazda and Toyota plan to make with equal funding contributions. The site for the new plant in Huntsville sits just 14 miles from Toyota Motor Manufacturing of Alabama, which produces four-cylinder, V-6 and V-8 engines for several Toyota models.
Wednesday, January 10 2018
Birmingham, AL — The Alabama International Trade Center (AITC), an SBA Resource Partner based at the University of Alabama was instrumental in joining two Birmingham Metro area small businesses - Diamond Fortress Technologies (DFT) and PAKUSA.com (PAKUSA) - to introduce an innovative biometric solution to the Pakistani banking community.
A recent national law in Pakistan requires commercial financial institutions to verify the parties associated with all financial transactions with a biometric feature. The law was implemented to reduce money laundering and other illegal financial activities and particularly those in support of subversive organizations.
Wednesday, January 10 2018
Vancouver, WA — The Port of Vancouver USA Board of Commissioners voted 3-0 to provide notice to Vancouver Energy that its project must receive the necessary licenses, permits and approvals required to operate by March 31, 2018, or the lease will be terminated, per the lease amendment approved by the board in April 2016.
Licenses, permits and approvals is one of the conditions precedent on which the lease was extended in April 2016. Since then the lease has extended automatically every three months.
Today’s vote came after Commission President Eric LaBrant made a motion to direct CEO Julianna Marler to provide notice that the port elects to negate and nullify the next extension period such that the Conditions Precedent Outside Date (CPOD) remains March 31, 2018. The CPOD is the date by which both parties must be satisfied that conditions such as permits and environmental baseline work are met.
Thursday, January 04 2018
Business climate improvement helps secure more than 17,200 jobs, highest number in 17 years
Frankfort, KY — Shattering its previous investment record, Kentucky announced $9.2 billion in corporate expansion and new-location projects in 2017, bringing commitments to create more than 17,200 jobs, the most since 2000, Gov. Matt Bevin said.
“Kentucky’s record-setting performance this year in job creation and corporate investment is a direct result of the pro-business legislation, policies and programs we’ve enacted over the past two years,” Gov. Bevin said. “Due to our ideal geographic location, high quality of life, low costs for business operation and exceptional work force, we are confident that the economic future of Kentucky is very bright indeed. We are well on our way to becoming the globally recognized center of excellence for engineering and manufacturing in the United States.”
Wednesday, January 03 2018
New facility to produce larger boats and generate 100 new jobs