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 ...

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 ...