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New Jersey Corporate Moves

A new form of entertainment is coming to Jersey City later this year when Pole Position Raceway opens its doors just a mile away from the Statue of Liberty. The state-of-the-art indoor karting center will feature two giant race tracks inside a 75,000-square-foot-facility, and the location couldn’t be much better. “I think people are going to really be amazed at what we are creating,” said owner Eyal Farage. ...

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The Carolinas Corporate Moves

Caterpillar Grows in Lee County, NC Caterpillar Inc. will enlarge its Sanford plant in Lee County, NC and create 325 jobs over the next four years. A Caterpillar supplier will also come to the city bringing 160 jobs. The $28 million expansion is expected to be complete by July of 2011 with new jobs paying an average annual wage of $35,602. Caterpillar is the world’s largest maker of construction and mining ...

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Inside LiveXchange

Business Facilities LiveXchange is an invitation-only event for corporate executives responsible for choosing a new location for their companies’ next facility. Delegates meet with senior economic developers from across North America; attend seminars, workshops, and think tanks led by experts in the field of relocation and expansion; and network with other corporate executives faced with the same corporate growth challenges. This month, we preview some of the high-profile speakers who will be making presentations at our 2010 LiveXchange keynote address, seminars and workshops. ...

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Indiana Corporate Moves

Cummins to Expand Seymour Engine Plant Executives from Cummins Inc. joined recently with Lt. Governor Becky Skillman to announce the company will expand its High-Horsepower Technical Center and High-Horsepower engine product line at the newly renamed Seymour Engine Plant, creating up to 200 new jobs by 2015. The Fortune 500 Company plans to invest approximately $100 million in machinery, equipment and the c ...

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U.S. EDA Funds Business Innovation Center in Pennsylvania

The U.S. Economic Development Administration has awarded more than $2.2 million to build a second small business innovation center in Wilkes-Barre, PA. The announcement was made by Willie Taylor, regional director of the Economic Development Administration's Philadelphia office. Taylor was joined at the downtown Wilkes-Barre site by U.S. Rep. Paul Kanjorski, U.S. Sen. Bob Casey, Wilkes-Barre Mayor Tom Leigh ...

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CGS Tyre Plans New Facility in Iowa

Gov. Chet Culver and CGS Tyre have announced that the company will invest $43 million in a new agricultural tire plant in Charles City, IA. The announcement was made at the Farm Progress Show. CGS Tyre said it would create 159 jobs at the new plant, which is expected to open in 2012. Gov. Culver said the Iowa Department of Economic Development has been talking about bringing the company to Iowa for the past ...

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