It’s no secret that the United States has come up lame in the global race for dominance in the renewable energy market. The total U.S. investment in renewable energy projects was measured last year at roughly $19 billion, less than half of the investment made by China, the current world leader in the field. In fact, there may be only one alternative energy-related sector left to give Americans an opp ...

Governor Bev Perdue has announced that North Carolina will receive $4.5 million in federal recovery funds to support the development of broadband access and economic development across North Carolina. The funding goes to the e-NC Authority, a state initiative to expand broadband access throughout North Carolina especially in rural areas. The $4.5 million grant is matched by an additional $1 million, includi ...

TIMCO Aerosystems, LLC will invest $2.75 million to open a manufacturing operation in Wallburg, North Carolina. The company anticipates the creation of 275 jobs over the next five years with an overall average wage of $34,728, not including benefits. TIMCO Aerosystems, a unit of TIMCO Aviation Services, one of the largest maintenance, repair and overhaul (“MRO”) providers in the world, develops, manufacture ...

The Minnesota Economic Development Fund was awarded $1.4 million from the U.S. Economic Development Administration (EDA). The grant will help create more than 200 jobs and generate upwards of $4.3 million in new private investment in northeast Minnesota. The money will be combined with $772,000 in local matching funds to create a revolving loan fund of nearly $2.2 million. The Arrowhead Regional Development ...

Cree Inc. will invest $135 million to expand its Durham, NC manufacturing operations, announced Governor Bev Perdue. The LED lighting company will create 244 new local jobs over the next two years with an average annual wage of $42,726. Cree will receive more than $4 million in state and local incentives if it meets hiring and investment goals. The incentives will help the company produce next generation LE ...

Pennsylvania State University researchers will receive $129 million over the next five years from several federal sources, including the Department of Energy (DOE), and an additional $30 million from Pennsylvania, to develop ways to make buildings more energy efficient. The funds will create an Energy Innovation Hub at the Philadelphia Navy Yard, which will involve researchers from academia, the private sec ...

Volkswagen announced that it will invest nearly $550 million in the first stage of construction of a new motor plant in Silao, Guanajuato in Mexico that will create 700 direct jobs. This is the second Volkwagen factory in Mexico, the first being located in the state of Puebla. Construction will begin in October as part of the company's growth strategy for North America. By 2013, it is expected to be working ...

General Motors Co.  is investing $483 million in the development of its current and next-generation Ecotec four-cylinder engines at its Spring Hill, TN, powertrain plant. The automaker plans to almost 500 jobs at the nearly 7 million-square-foot facility, which was formerly used for the production of the Saturn line of vehicles. The expansion brings GM's entire U.S. investment to about $2.9 billion since it ...

Coca-Cola Enterprises will soon break ground on a new facility in South Brunswick, NJ while expanding operations at its Carlstadt plant. "Coca-Cola is a world-class, Fortune 500 company that is recognized all over the globe as a symbol of growth and success,'' Gov. Chris Christie said in South Brunswick. "The company's decision to partner with and remain in the state of New Jersey is one of the clearest sig ...

Two technology companies have announced plans to expand their central Indiana operations and potentially add about 310 jobs in the coming years. The Indiana Economic Development Corp. said that Mobi Wireless Management and software developer Bostech Corp. will locate in a technology park in the northern Indianapolis suburb of Zionsville. Mobi expects to spend $3.3 million on technology upgrades and add abou ...