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Organizations in Pittsburgh, Detroit, northern Michigan, St. Louis, Alaska, Wisconsin and Nevada, have embraced business idea competitions; rewarding dozens of new ventures with grants ranging from $5,000 to $50,000. The 43North competition, said to be the largest such prize pool in the nation, offers $5 million in prize money to entrepreneurs who agree to move to (or retain their start-ups in) the city.
Bell Inc. will open its first eastern-U.S. facility in Central Ohio and create 275 new jobs, generating $9.2 million in new annual payroll. The Sioux Falls, SD-based company will invest $30 million in a 165,000-square-foot paperboard carton manufacturing facility in the Columbus area.
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Tile and ceramics company Wonderful Group will invest $150 million and create 220 new jobs in Lebanon, TN, the largest-ever capital investment made in the state by a Chinese company.
Eli Lilly and Company will expand its global R&D headquarters in Indianapolis, IN, adding 130,000 square feet to the company’s existing complex.
Orgill, Inc. will invest $15 million to build a new 100,000-square-foot world headquarters facility in east Shelby County, TN, creating 115 new jobs.
Geoengineering will be a growth sector in the age of climate change. The latest global warming “miracle cure” for the big CO2 problem is a new technology said to be able to extract carbon from the air and condense it into fibers that could be used as building materials or to produce components for electronics, cars, clothing and other manufactured goods.
Two years later than the original plan, the $5.25-billion expansion of the Panama Canal is set to be completed in April, dramatically altering the global shipping paradigm.
Mobile-based freight brokering for trucking can reduce empty miles travelled, lower operating costs, and improve asset utilization and productivity, finds Frost & Sullivan.
Figeac-Aéro will invest more than $20 million to expand its Wichita, KS manufacturing facility and build a new 68,000-square-foot building. The company plans to create 200 jobs during the next five years.