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This is a complete chronological archive of all site selection and economic development coverage posted on the Business Facilities website.

Return to Sender

The U.S. Postal Service was at it again this week, banging its tin cup and trying to buy more time to reinvent a dying business model while confronting a growing annual budget deficit that now exceeds $7 billion. However, before we see the blueprint for moving our 19th century postal system into the 21st, the nation’s mail carriers apparently need some more triage. They are asking us to pony up another two ...

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200 Jobs In Limbo For Montrose, CO

The state, Montrose County, the Montrose Economic Development Corp. and the city of Montrose are prepared to offer a package of incentives to an international manufacturing company, which officials are declining to identify until a deal is struck. County spokeswoman Kristin Scuderi said the company is headquartered outside the U.S. and intends to move to North America. She said the company has narrowed the ...

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OK Outlets Projected to Bring 1700 Jobs

Oklahoma City Council Members today approved amendments to a 2008 joint agreement between developer Horizon Group Properties LP (HGP), the Oklahoma City Economic Development Trust and The City of Oklahoma City for the developer to build an outlet mall in Oklahoma City. An agreement was first signed in May 2008 between city entities and the developer. The project was set to open in November 2009, but dramati ...

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Baltimore Company Receives $16 Million

Caves Valley Partners has been selected to receive up to $16 million in tax-exempt federal aid to rehab the Investment Building in downtown Towson, which it plans to gut and redevelop into the new headquarters for Mile One Automotive. Baltimore County’s economic development office announced its award Monday of $16 million in Recovery Zone Facility Bonds to Caves Valley. The development team, which includes ...

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IA Grant Will Save Over 200 Jobs

The U.S. Department of Commerce’s Economic Development Administration has awarded a $1.5 million grant to the Ottumwa Regional Airport in Iowa. The funds will be used to update water infrastructure, provide infrastructure support to the new job training facility, encourage future private investment and create jobs. “It’s a significant grant. It provides support for the infrastructure that services water to ...

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TN Renewable Energy Program Re-Opens

The Tennessee Valley Authority is re-opening the Generations Partners program. Distributors, such as Nashville Electric Service, had been among those shocked when told last week that the program would take no new participants. “TVA launched Generation Partners as a pilot project, with periodic adjustments expected along the way, to encourage customer interest in small to medium-sized renewable energy projec ...

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Electric Boat Buys Pfizer Site in CT

The site of the former Pfizer World Research Headquarters in New London, CT is being purchased by General Dynamics’ Electric Boat (EB) unit. The nuclear submarine builder will invest $99 million in a new research, development, engineering and design facility that will create 700 jobs. “Pfizer’s announcement in 2009 that it was vacating its global research headquarters in New London and consolidating operati ...

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Memphis Launches Ultra High-Speed Research Link

The Memphis Coalition for Advanced Networkingrn(MCAN) inaugurated its ultra high speed fiber-optic communications network thisrnweek with an event at the University of Memphis FedEx Institute of Technology.MCAN is an independent, nonprofit corporationrnchartered to promote and operate leading-edge communications technologies thatrnsupport education, research, public service, and economic developmentrninitia ...

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Whirlpool Closing Evansville, IN Plant

Whirlpool is shutting its Evansville, IN refrigerator plant at the end of this week, eliminating 1,100 jobs at a factory that has been a mainstay in Indiana since 1956. According to a report in Sunday's New York Times, the appliance maker plans to move its refrigerator manufacturing to Mexico. At the Evansville plant's peak in 1973, the facility employed nearly 10,000, with hourly wages approaching $20. One ...

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You Are What You Eat

It's a problem familiar to Hollywood screenwriters and film directors: an idea that seemed like a sure thing during an artistic late-night brainstorming session ends up on the cutting room floor when it sends test audiences howling for the exits. Now, some red-faced state economic development agencies know the feeling. During the past half-decade, 44 states have adopted incentives to encourage film producti ...

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