Materials manufacturer Baltek Inc. will invest $3.5 million and bring 68 jobs to High Point over the next three years, Gov. Bev Perdue has announced. Baltek Inc., a manufacturer of core materials for the wind energy, mass transit, marine and military markets, will relocate to a new manufacturing facility in Guilford County. The New Jersey-based core materials manufacturer Baltek will relocate its operations ...

Nucor Corp., the nation's largest steelmaker plans to build a multi-phased $3.4 billion iron and steel production complex in Convent, LA that that eventually could employ 1,250 workers, Nucor and Gov. Bobby Jindal have announced. The jobs are projected to pay an average of $75,000 per year plus benefits. "This is a huge win for our state and will ultimately be one of the largest industrial projects in Louis ...

Lake Erie Energy Development Corporation (LEEDCo) announced today that it has selected a team of three companies to develop an offshore wind farm on Lake Erie, the first project of its kind in North America. The three partner companies are Bechtel Development Company, Inc. (Bechtel), Cavallo Great Lakes Ohio Wind, LLC (Cavallo) and Great Lakes Wind Energy, LLC (GLWEnergy). The announcement was made by LEEDC ...

This week comes news from Chattanooga that the mid-sized Tennessee city is preparing to activate the fastest broadband service in the world. That’s 1 gigabit per second, ten times faster than the high-speed digital goal the U.S. government recently declared for the nation. The Feds say we must achieve the puny standard of 100 megabits per second by 2020. South Korea, with an economy less than one-tenth the ...

EPB, a city-owned utility, is expected to announce an initiative that will make Chattanooga, TN one of the world's leading cities in digital speed. According to a report in today's New York Times, EPB at the end of this year will begin offering ultra-high-speed Internet service of up to 1 gigabit a second, about 200 times faster than the average broadband speed in America and ten times faster than the natio ...

More than $500 million in stimulus funding has been earmarked for a new data center for the Social Security Administration, but the project is six months behind schedule due to debates about the site selection process the agency has used to choose between two candidate sites in Maryland for the 300,000- square-foot facility, NextGov reports. The SSA is seeking a large parcel of land within 40 miles of Balti ...

California energy officials have approved the first large-scale solar project in San Bernardino or Riverside counties since the state adopted mandates to reduce global warming, according to a report in the Press-Enterprise. The 250-megawatt Abengoa Mojave Solar Project will provide clean energy for as many as 100,000 homes and brings in a $1.25 billion investment without using pristine desert lands. It is e ...

Illinois Governor Pat Quinn has announced that Navistar International Corporation will keep its headquarters in Illinois and is moving forward with its plans to expand its Illinois operations, which will create and retain 3,000 permanent jobs and 400 construction jobs over the next several years. Governor Quinn proposed, helped to pass and signed legislation into law in June to expand the Economic Developme ...

Governor Chet Culver says once the existing state commitments are met, the state tax credit program for film and TV productions in Iowa should be shut down, according to a report on radioiowa.com “We’re not going to be taken for suckers,” Culver told reporters late this morning during a statehouse news conference. “People, unfortunately, exploited that program.” Culver ordered the program suspended nearly a ...

The South Carolina Department of Commerce and Greenville Area Development Corporation have announced that SAATI Americas Corporation, a wholly owned subsidiary of Italy’s SAATI Group S.p.A., will establish its new U.S. Composites and Protection division operations and certain distribution operations in Greenville County.  SAATI’s investment is expected to generate more than 80 new jobs within the next few y ...