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60 Seconds with Neal Wade, Sr. Vice President for Economic Development, St. Joe Co.

Neal Wade left St. Joe Co. eight years ago to become director of the Alabama Development Office. He is now returning to St. Joe to spearhead the West Bay development in northwest Florida. BF: What attracted you to this opportunity and what do you bring to the table? NW: I’m bringing a whole new set of values and experiences I didn’t have before. If you’ve only been on the corporate side, state government ca ...

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Ohio Corporate Moves

SunCoke Creates Jobs and Energy in Middletown SunCoke Energy, a subsidiary of Sunoco, Inc., is building a $360 million coke plant in Middletown, located adjacent to AK Steel’s Middletown Works. Expected to be complete in September 2011, the project will create approximately 550 construction jobs and 86 new Ohio steel industry jobs. Under a 20-year supply agreement, the 100-oven facility will supply AK Steel ...

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Growing by Gigabits: Green IT

  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 ...

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NC Gets U.S. Funding for Broadband Expansion

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 ...

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NC Wins a $2.75 Million Operation

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 ...

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U.S. EDA Grant Creates 200 Jobs in MN

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 ...

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Cree Inc. to Create 244 Jobs in Durham, NC

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 ...

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