Economic Development News
Tuesday, September 11 2018
McLean, VA — The International Manufacturing Technology Show (IMTS), opened this morning to record numbers: 1,424,232 sq. ft. of exhibit space and 2,123 booths representing 2,563 exhibiting companies. Exhibitors have brought in more than 55 million lbs. of machinery on 4,465 trucks with eight machines weighing more than 100,000 lbs. As of Sept. 7th, the number of pre-registered visitors exceeded 113,000, which is also on pace for a possible record. IMTS 2018 runs from Sept. 10 – 15 at Chicago’s McCormick Place.
“IMTS 2018 is setting records because manufacturing technology has grown exponentially since last show,” says Peter R. Eelman, Vice President – Exhibitions & Business Development at AMT – The Association For Manufacturing Technology, which owns and produces IMTS. “The rapid growth of digital technology, automation and additive manufacturing are especially driving interest. The booming manufacturing economy means visitors have capital and are ready to invest.”
Pioneering tube-bending solutions provider, Unison Ltd, is increasing its manufacturing capacity and opening a new factory in Virginia
Friday, September 22 2017
Danville, VA — This will be Unison Ltd’s second manufacturing facility, firmly establishing Unison’s committed production capabilities in the USA.
The new factory in Danville, Virginia, is intended to support the activities of the plant in North Yorkshire, which has witnessed a considerable manufacturing growth that is expected to continue for the foreseeable future.
Virginia Governor Terry McAuliffe recently announced that Unison Ltd will invest $5.2 million to establish its first U.S. manufacturing operation in the Cane Creek Centre Industrial Park, jointly owned by the City of Danville and Pittsylvania County.
Monday, August 28 2017
Company creating 100 new jobs and growing facility
Thursday, December 22 2016
Maiden, NC — GKN Driveline announced it intends to expand its Catawba County manufacturing facility again. The company plans to create at least 143 new jobs by the end of 2019 and invest more than $110 million in this location. This is the second major expansion of the Maiden facility in two years. In 2014, GKN Driveline expanded this facility by committing to invest $122 million and creating 228 new jobs.
GKN Driveline’s expansion in Maiden is facilitated in part by an award to the company from North Carolina’s Job Development Investment Grant (JDIG) program that was approved by the state’s Economic Investment Committee and announced today. Local incentives will be considered by both the Town of Maiden and Catawba County at their regularly scheduled meetings in January.
Wednesday, December 14 2016
Manufacturing and distribution center to bring $45 million investment and create 450 new jobs
Tuesday, December 13 2016
New development will result in at least $120 million of new investment in Lowcountry
Monday, September 19 2016
Company to invest $12 million, add 400 new full-time employees over four years
“We are indeed grateful for support from the Governor’s Office, the State of Arkansas, Arkansas Economic Development Commission, Independence County Economic Development Commission, City of Batesville, and this entire community,” said Intimidator owners Becky and Robert Foster in a statement. “These groups have given us overwhelming support, and last but certainly not least, we want to thank our entire team of employees that make it happen day in and day out.”
Friday, June 10 2016
Jackson, MS -- Officials from industrial general contractor BMSI Inc. announced the company is creating 100 jobs and investing $6 million in new manufacturing operations in Burnsville.
"Tishomingo County has experienced significant economic growth in recent months," Gov. Phil Bryant said. "I am pleased to continue the momentum as BMSI becomes the newest member of the Northeast Mississippi business community."
BMSI will locate in an existing 20,000-square-foot spec building at Yellow Creek Port South, with plans to expand it to 30,000 square feet. The Burnsville facility will feature a state-of-the-art fabrication shop used to manufacture specialty products for the Department of Defense and commercial restaurant equipment. BMSI will also offer plant support for maintenance, structural welding/fabrication and process piping.
Thursday, March 24 2016
Danby Group Announces Warehouse & Distribution Center in Saraland