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Illinois Corporate Moves

Astrellas Pharma U.S. Picks Glenview, IL for Headquarters Gov. Pat Quinn has announced an approximately $4 million investment package to assist Astellas Pharma US, Inc. in establishing their new corporate headquarters for the Americas in Glenview. The state’s business package will leverage $140 million in private investment and will create 150 new jobs, further strengthening the economy of Northeast Illinois. “I am pleased Astellas selected Illinois for its new headquarters for the Americas,” said Gov. Quinn, who attended the company’s groundbreaking ceremony. “This major investment will create new jobs and generate economic activity throughout the region. At the same time, this decision highlights Illinois role as a Midwestern leader in the life sciences business and its emergence as a vital base of operation for the biopharmaceutical industry’s future growth.” Construction of the new headquarters is scheduled to be completed in the spring of 2012. It will include two six-story buildings totaling 425,000 square feet. The buildings and site will emphasize sustainability and the complex is designed to achieve LEED Gold certification. The company’s current Deerfield-based employees will be relocating to the new headquarters. “At Astellas, we measure success not only by bringing innovative and effective pharmaceuticals to patients and physicians, but also by our contributions to local communities and protection of the environment,” said Seigo Kashii, president and CEO of Astellas Pharma US, Inc. “Today we are fulfilling our vision for continued growth through our groundbreaking for a new corporate headquarters.” The state’s investment package, administered by the Department of Commerce and Economic Opportunity (DCEO), will consist of Economic Development for a Growing Economy (EDGE) corporate income tax credits, which are based on job creation, and Employer Training Investment Program (ETIP) job training funds that will help enhance the skills of its workforce. “In order for our economy to continue growing, we must continue making strategic investments on the local level that will create jobs and support long-term sustainable growth,” said DCEO Director Warren Ribley. “Our investment in Astellas will pay dividends for this region and the state.” Astellas’ expansion will also support Illinois’ growing life sciences industry. Illinois’ biopharmaceutical industry, which is supported by the state’s highly-regarded federal labs and top-notch research universities, directly employs more than 40,000 people and supports more than 112,000 indirect and induced jobs. BOMAG Americas to Locate Plant in Kewanee The Illinois Department and Commerce and Economic Opportunity (DCEO) and BOMAG Americas, Inc. have announced that the company will consolidate its domestic manufacturing operations, currently located in Illinois and Missouri, to the company’s U.S. […]

Offshore Drilling Halt Could Slash Jobs

Offshore Drilling Halt Could Slash Jobs

President Obama’s announcement last week indefinitely suspending work at 33 deepwater drilling platforms in the Gulf of Mexico has state officials in the Gulf region making dire forecasts of potential job losses as a result of the shutdown. The president imposed a moratorium on operations at the deepest offshore drilling operations in the wake of BP’s disaster in the Gulf, which has poured an estimated 39 million gallons of crude oil into the ecosystem in the wake of the explosion and sinking of BP’s Deepwater Horizon rig in April. Louisiana Economic Development Secretary Stephen Moret told the New Orleans Times-Picayune that 22 of the 33 rigs covered by the president’s order are off the coast of Louisiana. Moret added that it is possible that some of the remaining 11 could be rigs that were scheduled to start operations in Louisiana waters in the next few months. Moret has three scenarios for how bad the moratorium could be for Louisiana’s economy: In the near term, Moret believes the state will lose 3,000 to 6,000 direct and indirect jobs; if the suspensions are maintained, this could rise to 10,000 jobs; and if the moratorium persists while oil prices rise, the state could lose 20,000 jobs over the next 12 to 18 months in the form of lost direct and indirect jobs, and missed job creation opportunities because rising petroleum prices stimulate more energy development. “There’s definitely a real risk that some of these rigs could be moved outside of the Gulf of Mexico because of the cost of keeping them idle, the regulatory uncertainty and opportunities in other parts of the world, ” Moret told the Times-Picayune. Others are convinced that rigs will be floated to foreign waters, and if they’re moved, it will take two to three years for the equipment to finish up its new contracts elsewhere and come back. “The drilling equipment and the rigs, if they know that they can’t work for the next six months, they’ll re-deploy to the rest of the world. It will be a lot longer than the next six months, ” said Otto Candies III, secretary/treasurer of the Des Allemands marine transport company Otto Candies LLC.

Ohio Corporate Moves

Ohio Companies Making a Material Difference in Advanced Energy In recent years, Ohio has made significant commitments to the support of advanced and alternative energy solutions, including the adoption of renewable portfolio standards and a State Job Stimulus program in advanced energy. Ohio Third Frontier also has made major investments, accelerating the success of advanced energy projects and industries in Ohio. Underlying many of the successes in advanced energy is Ohio’s breadth and depth of world-class competencies in the area of advanced materials, which has also been a major focus for investment by Ohio Third Frontier. Whether improving on more mature energy technologies such as wind turbines or leading the development of next generation solar, research and commercialization of advanced materials is making Ohio a recognized source for alternative and renewable energy solutions. Located in Kent, AlphaMicron, Inc. has been capitalizing on the depth of liquid-crystalline materials expertise that has emerged at Kent State University over the past two decades and has given rise to the Liquid Crystal Display industry. A major product focus of the company has been the use of liquid crystal materials to create actively lightening and darkening lenses for motorcycle helmets, ski goggles, and designer sunglasses. The same switchable property of the liquid crystals that makes these applications possible is now being applied, with Ohio Third Frontier funding, to an energy conservation product. AlphaMicron is developing the world’s first auto-adjusting “Adaptive Window.” The window is based on the company’s VALiD™ liquid crystal-based technology to create an adaptive film that can be laminated to windows and has a self-regulating and photovoltaic-powered electronically controllable tint. The window will transmit more winter sunlight to assist with heating and less summer sunlight to minimize overheating, thus transforming windows from a source of energy loss to one of energy gain. Market applications targeted for AlphaMicron’s window include greenhouses, automobiles, and office and residential buildings. Several years ago, Miamisburg’s WebCore Technologies, Inc. began working closely with leading research laboratories including the Air Force Research Lab, located at the Wright-Patterson Air Force Base in Dayton and the NASA Glenn Research Center in Cleveland, to develop an advanced polymer composite panel system. Initially, the product concepts focused on marine (e.g., bulkheads) and infrastructure (bridge decks) applications that could benefit from the new material which is lighter, stronger, and more durable than the steel and other metals it would replace. These very same properties may make WebCore’s technology an ideal material solution for the wind power industry. The company is now developing the TYCOR® polymer […]

United We Stand

  A small news item caught our eye the other day, and we hope it is a sign of the times. This is what it said: “Twinsburg, Ohio and Solon, Ohio, have agreed to limit the tax incentives they can offer to lure businesses away from each other, hoping rather that economic development for both communities will improve with regional cooperation.” These two neighbors in the Buckeye State are on to something that is much more important than simply declaring a partial truce in their competition to secure new businesses for their communities. The unity of purpose they have embraced is sorely needed everywhere, for challenges big and small. This same spirit can keep the world from tipping over the precipice of proliferating weapons of mass destruction. It can lift regions and nations out of an all-encompassing economic malaise. It can convert destructive gases into renewable resources that will not threaten our most precious lands and oceans. It might even convince our leaders to put aside their political mudfights and conduct the public’s business to the benefit of all. And it can honor a courageous heritage bestowed upon us from those who came before us. It is our responsibility to preserve this legacy and deliver it unbroken to the generations to come. On Monday, we will remember all of those who came together and made the ultimate sacrifice to defend our liberty. Their common purpose and courage is a beacon that lights our way as we move past the dark shadows that threaten our future. It is up to us to lift that beacon and carry it forward, which can only be done together. Have a great holiday, everyone.