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 Economic Development News 
Friday, March 22 2019
New Mexico Takes Bold Step Toward a Cleaner, Stronger 21st Century Economy

The Energy Transition Act will dramatically increase New Mexico’s use of low-cost renewable energy while creating new jobs and diversifying the state’s economy

Santa Fe, NM -- New Mexico Governor Michelle Lujan Grisham signed into law The Energy Transition Act (SB489), advancing the state’s national leadership in renewable energy with a goal to source 50 percent of New Mexico’s energy from renewable sources by 2030. The law sets even higher goals for the future, targeting 80 percent renewable energy by 2040 and 100 percent carbon-free energy by 2045. The law also promotes investments in New Mexico’s workforce to ensure residents benefit from new economic opportunities that come with tapping into renewable resources in their state.

“We applaud the leadership of the New Mexico legislature and Governor Lujan Grisham for setting New Mexico on a path to a cleaner and stronger economy just months into her new administration,” said Tom Kiernan, CEO of the American Wind Energy Association (AWEA). “Ambitious renewable energy policies turn heads in the business community, drawing nationally-recognized corporate brands into the state and encouraging developers to invest billions of dollars into wind farms that create jobs and revenues for rural communities.”

Posted by: AT 01:40 pm   |  Permalink   |  Email
Friday, March 22 2019

Company to invest $46 million to expand Lafayette office; project to result in additional 242 new indirect jobs in Acadiana

Lafayette, LA -- Governor John Bel Edwards and LHC Group Chairman and CEO Keith Myers joined state, local and federal officials to break ground on the home health company’s $46 million Lafayette home office expansion. With the groundbreaking, LHC Group will create 500 direct new jobs in Lafayette with an average salary of $40,000, plus benefits. Louisiana Economic Development estimates the project will result in 242 new indirect jobs, for a total of more than 740 new jobs in Acadiana.

The LHC Group expansion follows the April 2018 completion of its merger with Almost Family of Louisville, Kentucky. The combined companies, operating under LHC Group, now cover 60 percent of the nation’s age 65-and-older population. From over 780 locations, LHC provides home health, personal care and hospice services. Some Louisville-based roles will be relocating to Lafayette as part of the expansion. The company will retain 612 Lafayette-based jobs, bringing the total Lafayette workforce to more than 1,100 employees.

Posted by: AT 11:08 am   |  Permalink   |  Email
Friday, March 22 2019
  • Developments in Mt. Clemens, Pontiac, Evart will generate private investment of $29.6 million
  • Korean auto supplier erae AMS USA establishing new manufacturing operations in Pontiac
  • Expansions underscore strength of state’s automotive manufacturing talent

Lansing, MI -- Three business expansions that will generate a total of $29.6 million in private investment and create 262 jobs in Michigan have received support from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced.

“The decision by these Tier 1 auto suppliers to not just expand but to establish new facilities in Michigan further underscores our leadership position in automotive manufacturing and the strength of our talented workforce,” 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.

“Collaboration with our local partners is key to attracting these kinds of investments and further building the economy around the state,” Mason said.

Posted by: AT 10:00 am   |  Permalink   |  Email
Thursday, March 21 2019

Ongoing Success and Positive Outlook Underscore Port’s Pivotal Role in North American Trade

Brownsville, TX -- The Port of Brownsville set new records in tonnage and total operating revenue in 2018, moving 11.3 million tons of diverse cargos with operating revenues of more than $24.2 million. The results, announced today at the annual State of the Port Address, reveal a 6.6 percent increase in cargos, a 25 percent increase in rail movements, and a 2.5 percent increase in operating revenues from the previous year.

“Congratulations to our partners, customers, and port users who all contributed to these new high-water marks,” said John Reed, Chairman of the Brownsville Navigation District. “Steel was up, almost all petroleum categories were up, dry bulk cement and sugar were way up.

Posted by: AT 01:18 pm   |  Permalink   |  Email
Thursday, March 21 2019

Expansion at manufacturing plants will result in 128 new direct jobs, 296 indirect jobs

Baton Rouge, LA -- Governor John Bel Edwards highlighted the announcement by Stupp Corp. that the company will invest $22 million to upgrade its two steel pipe manufacturing plants in Baton Rouge. Stupp Corp. is a family-owned company that has operated in north Baton Rouge since 1952. The company provides custom pipe for the transport of oil and natural gas, along with other services for the energy industry.

The expansion project will create 128 new direct jobs at an average annual salary of $60,567, plus benefits, while retaining 338 existing jobs at the Baton Rouge facility. Louisiana Economic Development estimates the project also will result in 296 indirect jobs, for a total of 424 new jobs for East Baton Rouge Parish and the Capital Region. Stupp estimates the expansion activity will support 93 construction jobs.

Posted by: AT 11:10 am   |  Permalink   |  Email
Tuesday, March 19 2019

A Career Exploration Program for High School Seniors 

Vero Beach, FL -- In partnership with the Indian River County School District and CareerSource Research Coast (CSRC), the Indian River County Chamber of Commerce Economic Development Office has launched its first Manufacturing Boot Camp program.  The Boot Camp will run May 20-24, from 8am to 4pm each day and is free to all high school seniors in Indian River County.  Each day will begin and end at the Treasure Coast Technical College in Gifford.

The program introduces high school seniors to the manufacturing industry, providing an opportunity for students who are not college-bound to explore potential careers in this exciting and diverse industry sector. Students will tour local facilities each day, talking with owners and plant managers about the skills needed to operate machinery plus what it’s like working as a “team player” in this type of environment.  A total of 11 plant visits are scheduled:  Triton Submarines, Dragonfly Boatworks, Girard Equipment, Float-On Boat Trailers, M.A. Ford, Nylacarb, Aluma Tower, Fibealumn, United Juice, CVS distribution facility, and Piper Aircraft.

Posted by: AT 10:15 am   |  Permalink   |  Email
Friday, March 15 2019
Port Freeport Recognizes Port Partners for Environmental Stewardship

Photo Caption: Port Freeport Commission and Executive Director/CEO, Phyllis Saathoff, present Brian Fielkow, CEO of Jetco Delivery and Brittany Schaeffer, Tenaris Community Relations, with The Environmental Stewardship Award.

Freeport, TX -- On March 12th, Port Freeport Commissioners awarded Tenaris and Jetco Delivery with “The Environmental Stewardship Award.” The award recognizes both partners for their utilization of the Freeport heavy-lift corridor (HLC) as part of their operations.

“The Port Commission is proud to recognize our partners that support the vision of positive economic impact while improving the quality of life and creating jobs in our local communities,” said Port Commission Chairman Paul Kresta. “The entire community benefits from fewer trucks on the road and reduced emissions.”

Posted by: AT 01:52 pm   |  Permalink   |  Email
Thursday, March 14 2019

Company projects a total of 575 workers at Elkton facility by 2023

Baltimore, MD -- Northrop Grumman, a global security company that designs, builds, and delivers space, defense, and aviation-related systems, is expanding its manufacturing operations in Cecil County and plans to add 175 new jobs over the next five years. This operating sector of the company, which was known as Orbital ATK before it was purchased by Northrop Grumman Corp. last year, currently operates in Elkton where it employs 400 workers.

“Our team in Elkton has delivered rocket motors for space launch and military applications for 70 years,” said Mike Kahn, vice president and general manager, Northrop Grumman. “We are extremely pleased that the state of Maryland will be supporting investments in both infrastructure and in our workforce. Our continued partnership with both the state and county will ensure that the Elkton operation will continue to provide innovative technology to NASA and the Department of Defense for many years to come.”

Posted by: AT 01:12 pm   |  Permalink   |  Email
Thursday, March 14 2019

Columbus, OH -- DuPont, the premier innovation provider of value-added specialized solutions that transform industries and everyday lives, has announced plans to expand its facility in Circleville, Ohio, creating 46 new jobs and investing roughly $220 million. Hiring will begin in Q3 and Q4 of 2019.

DuPont’s existing facility at 800 DuPont Road in Circleville has been in production for more than 60 years and currently employs 500 employees. The company’s investment will be used for machinery and equipment as well as construction costs to significantly expand its DuPont™ Kapton® film production capabilities. With the increased demand in its Electronics & Imaging business, this expansion will allow DuPont to further advance its plant and competitive offerings.

“Innovations in 5G, automotive, flexible displays and artificial intelligence are driving the demand for our advanced, high-reliability materials. Expanding further at our Circleville site will help us meet our customers’ growing needs around the world,” said Avi Avula, global business director, Interconnect Solutions at DuPont Electronics & Imaging. “We appreciate the strong support we receive from the Circleville community, and look forward to our continued partnership for future growth.”  

Posted by: AT 09:58 am   |  Permalink   |  Email
Wednesday, March 13 2019
Deice Infrastructure a Priority Project

PDAC List Includes Recommendation for Wilmington Air Park

Wilmington, OH -- A proposed project to enhance the ability of the Wilmington Air Park to handle and process aircraft deice fluids is one of the top 23 Priority projects for the Dayton Region Priority Development and Advocacy Committee (PDAC). 

The list, released last week, is the result of reviewing nearly 50 project submissions from the 14-county Dayton region in five categories. 

“The Wilmington Air Park continues to see significant opportunities for employment growth,” said Dan Evers, Executive Director of the Clinton County Port Authority. “Nearly all space within the Air Park is leased, and this project proposes infrastructure investment that will allow for an operational and technological expansion necessary to enable larger-scale cold-weather operations at the airport.”

Posted by: AT 11:33 am   |  Permalink   |  Email
Wednesday, March 13 2019

Company to invest $25.1 million to expand ModularMEP™ manufacturing and systems integration facility

Richmond, VA -- Governor Ralph Northam announced that M.C. Dean, Inc., a leading electrical design-build and systems integration firm for mission-critical organizations, will invest $25.1 million to incorporate a new product line at its fabrication and distribution facility in Caroline County. Virginia successfully competed with several states for the project, which will create 100 new jobs.

“With over 1,500 employees and a 70-year history in Virginia, M.C. Dean is a valued employer that continues to demonstrate tremendous confidence in the Commonwealth’s business climate and skilled workforce,” said Governor Northam. “The company’s major expansion in Caroline County will help strengthen both the regional economy and Virginia’s growing advanced manufacturing sector, and we thank M.C. Dean for its long-term partnership and reinvestment in the Commonwealth.”

Posted by: AT 10:56 am   |  Permalink   |  Email
Monday, March 11 2019

Swiss firm’s SH09 helicopters to be assembled at Lafayette Regional Airport and result in over 275 new jobs

Lafayette, LA -- Governor John Bel Edwards joined CEO Andreas Löwenstein of Kopter Group AG, Lafayette Mayor-President Joel Robideaux, Secretary Don Pierson of Louisiana Economic Development, and other state, regional and local officials to celebrate Kopter’s selection of Lafayette for assembly of its SH09 helicopters.

The ribbon-cutting event followed Tuesday’s announcement at the world’s largest helicopter trade show in Atlanta that Lafayette had been selected by Kopter for production and support of its helicopters throughout the Western Hemisphere.

Kopter’s manufacturing site will be located at the Lafayette Regional Airport, where the company will create 120 new direct jobs with an average annual salary of more than $55,000, plus benefits. In addition, the company will make a $4.2 million capital investment to modify and equip a state-of-the-art, 84,700-square-foot helicopter assembly building at the Lafayette airport. LED estimates the project will result in an additional 157 new indirect jobs, for a total or more than 275 new jobs in Acadiana and surrounding regions.

Posted by: AT 10:50 am   |  Permalink   |  Email
Monday, March 11 2019

Evansville, IN -- Atlas World Group Inc., which is composed of a portfolio of companies that delivers transportation and related services globally through a network of agents and select service partners, announced plans to expand its Vanderburgh County headquarters. The company will move its international relocation services to Evansville from Seattle while separately forming a new leasing company, AWG Equipment Leasing Inc. to offer competitive financing to its agents and owner-operators. With this growth, the company plans to add up to 75 new jobs in Indiana by the end of 2023. 

"To take our economy to the next level, we need to keep attracting companies like Atlas World Group to locate and grow in Indiana," said Governor Eric J. Holcomb. "We are grateful for their commitment and we'll continue to do our part to build on this momentum by sustaining our pro-business climate and show businesses large and small why Indiana is the best state to live, work, grow, play and stay."

Posted by: AT 09:32 am   |  Permalink   |  Email
Tuesday, March 05 2019

Assembly of SH09 helicopters in Lafayette to result in more than 275 new direct and indirect jobs

LaFayette, LA -- Governor John Bel Edwards and CEO Andreas Löwenstein of Kopter Group AG announced the Switzerland-based helicopter maker will assemble its new SH09 helicopter in Lafayette, Louisiana, for customers throughout the Americas. The executives announced Kopter’s selection of Louisiana in Atlanta, where 18,000 industry professionals and 700 exhibitors are taking part in the 2019 HAI Heli-Expo.

In Louisiana, the Kopter Production and Product Support Center will deliver SH09 models throughout the Western Hemisphere and source parts representing at least 50 percent of aircraft value from U.S. suppliers. Kopter will lease an 84,700-square-foot facility from the Lafayette Regional Airport, which owns the state-of-the-art helicopter assembly building on airport property beside the Evangeline Thruway (U.S. Highway 90).

Posted by: AT 02:49 pm   |  Permalink   |  Email
Tuesday, March 05 2019

Columbus, IN -- OSR Inc., a manufacturer of automotive fasteners, announced plans to increase its manufacturing production in Columbus, breaking ground on a new $7 million expansion that will support its future growth in Indiana.
"OSR’s decision to expand in Indiana continues a long-standing tradition of Japanese manufacturers choosing our state for growth," Indiana Secretary of Commerce Jim Schellinger said. "We're proud of and grateful for our strong cultural and economic ties with Japan. Indiana is home to more than 290 Japanese business facilities that support thousands of quality jobs across the state, and we look forward to continued growth as companies like OSR grow and create even more career opportunities for Hoosiers."

Posted by: AT 12:14 pm   |  Permalink   |  Email
Tuesday, March 05 2019

The Results Companies to invest $1.5 million to expand client engagement operations

Richmond, VA -- Governor Ralph Northam announced that The Results Companies, a leading provider of business processing outsourcing services, will invest $1.5 million to expand its client engagement operations in Chesterfield County. The company will lease additional space for its second call center in the area. Virginia successfully competed against New Mexico for the project, which will create 600 new jobs.

“The success of our corporate partners is vital to Virginia’s economic strength, and The Results Companies’ continued growth is a prime example of what can be achieved in the Commonwealth,” said Governor Northam. “With client engagement centers throughout South and Central Virginia, The Results Companies is a respected major employer in the Commonwealth, and we thank the company for its decision to expand and reinvest in Chesterfield County. To support this significant expansion, the company will also benefit from the Virginia Jobs Investment Program, which remains one of our strongest and most effective workforce development tools.”

Posted by: AT 11:54 am   |  Permalink   |  Email
Tuesday, March 05 2019
Indian River Chamber Welcomes Dr. Sean Snaith, UCF

A Focus on the U.S. and Florida Economies

Vero Beach, FL - The Economic Development Office of the Indian River County Chamber welcomes Dr. Sean Snaith, Director of the Institute for Economic Competitiveness at UCF, as guest speaker for a special event for Chamber members and investors in the Chamber’s economic development program. Dr. Snaith will focus on the U.S. economy and its policies, and the impact this has on Florida’s economy.

A special “Thank You” to TCPalm for being an event sponsor.

Posted by: AT 11:42 am   |  Permalink   |  Email
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