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Faraday Future will establish its first assembly plant for electric vehicles in the City of North Las Vegas, NV. Plans entail more than $1 billion in investment and 4,500 new jobs.
Dow and DuPont have apparently agreed that they would be in a stronger position as a merged company with powerful synergies to successfully navigate an eventual breakup into more specialized units. The tentative deal also may signify the next step in the evolution of the global plastics industry, a shift in focus to specialty and advanced engineered plastics from oil-based petrochemical mainstays like polyethylene. Both companies have realized the need to get bigger before they can get smaller.
Linetec recently invested $15 million in a third anodize line at its facility in Wausau, WI, creating 90 jobs.
Louisiana is bringing together state, regional and local partners, including business and higher education resources, in intelligent collaborations yielding sustainable economic growth.
Blow-molded plastic products manufacturer Lifetime Products, Inc. will invest $115 million in a new manufacturing and distribution operations in Knox County, creating 500 jobs.
Proposition 6 created an initial SWIFT fund of $2 billion, which the TWBD expects to leverage into a total of $27 billion in financing over the next 50 years to implement the state water plan, with about half of that coming from state financial assistance. State officials said TWDB was able to approve a large number of projects in the first round because a majority of entities applying for funds requested long-term financing, which enabled the board to stretch the available funds. TWBD allocates funding for water projects based on a ranking system it developed that takes into account the length of time it will take to implement a project and the overall long-term improvement the project represents. For example, a seawater desalination plant proposed by the Guadalupe-Blanco River Authority received seed funds from TWDB even though it will take much longer to build than other, higher-priority projects. TWDB must by law spend up to 20 percent of Prop 6 funds in the next five years on water conservation or re-use projects.
Daimler Trucks will invest $375 million to enable production of its new DD5 and DD8 medium duty engines at Detroit™ brand headquarters and manufacturing facility in Redford, MI.
The Garden State offers a “brain trust” with a highly skilled and educated workforce that makes it easy to recruit top talent.
Norway is the most prosperous country, while Singapore is the most successful country economically, according to the 2015 Legatum Prosperity Index™. The report ranks 142 countries across eight categories: the Economy, Entrepreneurship & Opportunity; Governance; Education; Health; Safety & Security; Personal Freedom; and Social Capital.
Ford Motor Co. will create 2,000 jobs and invest $1.3 billion at its Kentucky Truck Plant (KTP) in Louisville to produce all-new 2017 F-Series Super Duty trucks.