Monthly Archives: December 2011

Crystal Ball 2012

It's that time again. Without further ado, let's all peek at the stories that will make headlines next year.

Crystal Ball 2012

It's that time again. Without further ado, let's all peek at the stories that will make headlines next year.

Kentucky, SC, AZ Shine in Business Facilities Awards Contest

A massive automotive investment in Louisville, a $500-million tire plant in Sumter County and a world-class thin-film solar facility in Mesa take top honors in our 2011 Economic Development Deal of the Year competition.

Broken Arrow, OK Officials Oppose Kialegee Tribe Casino

Residents are concerned the casino site is too close to schools and a drain on public resources, but Kialegee's leader says gaming is the only viable economic development for the tribe.

Sears May Close 120 Stores After Sluggish Holiday Sales

Contrary to the national trend, the retail giant reported that holiday sales at Kmart and domestic Sears stores were down 4.4 percent and 6 percent, respectively, compared to last year.

Climax Global Energy Puts Plastics-to-Oil Plant in SC

The company will invest $5 million in a new recycling facility in Barnwell County.

Hitachi Metals to Double its China Grove Employment

The company will invest about $60 million to add a magnet production unit to the North Carolina facility.

Sara Lee Expanding St. Joseph, MO Meat-Processing Plant

The food giant will invest $3 million for an expansion that will create 55 new jobs at its Missouri facility.

Nevada Funding New Economic Development Office

The bill, supported by Gov. Brian Sandoval and a bipartisan group of state lawmakers, also will establish a $10-million Catalyst Fund to help firms relocated or expand in Nevada.

Blessed are the Yogurt Makers

NY Gov. Andrew Cuomo selectively intervenes in a very local economic development dispute.

Blessed are the Yogurt Makers

NY Gov. Andrew Cuomo selectively intervenes in a very local economic development dispute.

Lowe’s to Open $15-Million Customer Support Center in NM

The home improvement giant's new call center, slated to open early next year, will create 600 new jobs.

Safran Plans $100-Million Advanced Manufacturing Plant in NH

The 275,000 facility, on a 50-acre site in Granite State Business Park in Rochester, NH, will focus on R&D and production of next-generation composite aircraft components.

STIHL Expanding U.S. Headquarters in Virginia Beach, VA

The maker of the world’s largest selling brand of chain saws will invest $10.3 million and add 52 new jobs in early 2012.

Qualified Leads: Key to Business Recruitment

John A. O'Toole, CEcD, EDP
Business Development Manager, CL&P - Yankee Gas Services—Economic & Community Relations

Illinois Moves to Keep Sears, Boards of Trade in Chicago Area

The IL House approves extended tax incentives for Hoffman Estates in an effort to keep the retail giant from relocating 15,000 jobs.

Colorado Seeks Spaceport Designation from FAA

Front Range Airport, a 4,000-acre facility east of Denver, is eyed as a launch site that will offer an additional 6,000 acres zoned for industrial development.

Indiana Set to Join Right-To-Work States

Gov. Mitch Daniels is expected to back a unanimous decision by the Indiana Economic Development Corp. to move the Hoosier State into the right-to-work column.

New York Awards $785 Million in Economic Development Grants

Long Island, Western New York, the North Country and Central New York were the big winners in a statewide competition for funding of job-creating projects.

Team NEO to Award $3 Million to Spur Job Growth in Ohio

The largest grant is for a joint program involving Greater Cleveland Partnership, Team Lorain County, Youngstown-Warren Regional Chamber, Stark Development Board and Greater Akron Chamber.



Rockwood Color Plans $115-Million Plant in Georgia

The maker of coloring agents for concrete and plastic expects to employ up to 100 people at its new facility near Augusta Regional Airport

Marcellus Shale Drilling Boom Brings Jobs to Youngstown, OH

Houston-based VAM USA will open a $57-million pipe-finishing plant adjacent to sister company V&M Star, creating 100 jobs.

GKN Aerospace Invests $38 Million in Orangeburg County, SC

The supplier of aviation components will establish a new manufacturing facility, creating at least 250 jobs over the next six years.

Sam Dong to Open 2nd Manufacturing Plant in Rogersville, TN

The company, which produces specialty wiring for transformers and motors, will invest $2.8 million in the new facility and create 85 jobs.