Monthly Archives: October 2011

October 2011 | Business Facilities - Economic Development, Site Selection & Workforce Solutions


http://businessfacilities.com/2011/10/connecticut-enacts-626-million-economic-development-package/
A divided state Legislature puts aside partisan bickering and comes together in a special one-day session to pass a much-needed job-creating measure.

CT Enacts $626-Million Economic Development Package

CT Enacts $626-Million Economic Development Package

A divided state Legislature puts aside partisan bickering and comes together in a special one-day session to pass a much-needed job-creating measure.

California Nightmare

While protesters occupy downtown Oakland, the municipal building in Vallejo is nearly empty.

California Nightmare

While protesters occupy downtown Oakland, the municipal building in Vallejo is nearly empty.

Whirlpool Chopping 5,000 Jobs, Closing Arkansas Factory

The appliance giant's Fort Smith, AR plant will close by mid-2012 as part of a companywide consolidation that will reduce Whirlpool's global workforce by nearly 10 percent.

U.S. GDP Surged 2.5 Percent in Third Quarter

The stock market rallies by more than 300 points as the Euro Zone debt plan and U.S. growth fuel hope that a double-dip recession will be averted.

Biomass Partnership Retains & Creates KY Jobs

The Lubrizol Corporation, Zeon Chemicals and Recast Energy will invest $22 million in Louisville operations.

Mobile Drive-in Bringing 1,100 Jobs to Indiana

LiTEBOX will invest $21 Million on a manufacturing and headquarters move to Indianapolis.

NBC Sports Moving to Connecticut

The network will create 450 new jobs in Stamford.

Innovation Movement Comes to LiveXchange

Consumer Electronics Association CEO Gary Shapiro calls for innovation to resume its rightful place at the center of America’s economic policy.

Amino Acid Endeavor Adds 180 Jobs to Iowa

South Korean company, CJ CheilJedang, will invest $300 million to build a Lysine production plant in Webster County.

Court Showdown Looms on California Plan to Eliminate RDAs

The California Supreme Court has set a Nov. 10 hearing on a lawsuit challenging the state's plan to eliminate redevelopment agencies if they do not submit a $1.7-billion budget payment.

Gov. Christie Unveils New Development Strategy for NJ

The NJ governor's growth strategy targets six sectors, seeks to prevent "haphazard" sprawl in the state's dwindling rural areas and creates a new Garden State Fund to support development.

Damascus Bakeries Relocates to Newark, NJ

The Brooklyn-based company has purchased a building in Newark's South Ward and will invest $4.7 million in the project, creating 180 jobs.

Lippert, Kinro Expansions Add 330 Jobs in Elkhart County

Drew Industries says Goshen and Middlebury have been chosen as the sites for an expansion of Indiana operations by its two subsidiaries.

Aurora, CO Wins Competition for GE’s Solar Panel Plant

The $300-million PrimeStar Solar thin-film manufacturing facility will open next year and employ 355 workers.

While Rome Burns

Bailout twins Fannie and Freddie put on their most expensive dancing shoes and take a spin on our dime.

Winchester Opens New Ammo Plant in Oxford, MS

The $100-million facility will employ 1,300 to produce rifle and pistol ammunition, as well as operating a military-ammunition packaging operation.

Sequenom to Build Molecular Lab in Wake County, NC

In addition to the new diagnostic facility, which will create 242 jobs, the company will invest $18.7 million in the NC Biotechnology Center.

FedEx Ground Cuts Ribbon on $100-Million Hub in NC

The distribution center in Kernersville, NC can process up to 45,000 packages per hour at full capacity, employing 550 workers.

Merit Medical Systems Relocates to Pearland, TX

The global medical device company will build a new research and development, manufacturing facility in Pearland, bringing 220 new jobs.

Time to Break the Chain

The author makes the case that it is time to “decouple” the U.S. and Chinese currencies.
By Quint Tatro, Managing Member, TatroCapital

Gaining a Competitive Advantage

One question every small business owner must answer.
By Doug and Polly White, principals, Whitestone Partners

GM Adds 400 Jobs at Wentzville, MO Plant, Mulls Expansion

GM is considering expanding the plant by 500,000 square feet, which could bring the total number of new jobs at the Missouri facility to 1,850.

DuPont Dedicates $500-Million Kevlar Plant in SC

The chemical giant said its new plant near Charleston, SC and an expanded facility in Richmond, VA will increase production by 25 percent.