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$26-million Investment Hits North Carolina

Precor Incorporated, one of the most respected brands in fitness equipment, announced today that they will open a new Southeast manufacturing, assembly and distribution facility at Rock Creek Center in Eastern Guilford County, North Carolina. The company will invest $26.2 million and build a 225,000-square-foot, LEED-certified building to accommodate its operations. Precor plans to hire approximately 142 em ...

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Creating a “Monster” in Florence, SC

Representatives from the Florence County Economic Development Partnership, the South Carolina Department of Commerce and Red Rock Developments joined Monster officials this month to officially break ground on the career management company's new customer service facility in Florence, SC. Monster opened a temporary facility in Florence in September and has been recruiting talent and conducting training effort ...

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Investments in St. Louis Metro East approach $9.5 billion

After shattering records in 2006-2007, the development pipeline for Southwestern Illinois continued to swell over the past year, reaching a new high of more than $9.4 billion. The 2007-2008 Market Review and Investment Update – released this month by the Leadership Council Southwestern Illinois - shows the total value of projects announced, under construction or completed during the reporting period ending ...

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Lee County, FL launches $25 million cash incentive for expanding/relocating businesses

At a time when tightening credit markets are limiting dollars for economic development, one Florida county has responded with a $25 million cash incentive fund that can provide significant capital for expansion and relocation. Lee County, situated in the heart of Southwest Florida, has launched the FIRST (Financial Incentives for Recruiting Strategic Targets) Initiative as a negotiated, performance-based in ...

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Kansas will be site of new $450 million biodefense lab

The federal government has recommended a site in at Kansas State University in Manhattan, KS, for a new $450 million laboratory to study biological threats like anthrax and foot-and-mouth disease. The Department of Homeland Security’s choice of Manhattan beat out intense competition from other sites in Georgia, Mississippi, North Carolina and Texas. DHS official revealed their decision to several lawmakers ...

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Piracy: The Illegal Incentive

In the civilized, regulated realm of economic development, there are heaps of financial incentives, job training programs, small business loans and corporate tax rebates available to assist communities grow their local economies. States develop enterprise zones, governors offer opportunity funds and fledgling firms form industry clusters. But what does 'economic development' look like in impoverished boomto ...

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Bismarck isn’t sinking

The economic wise men gathering around President-elect Obama in Chicago will be heading to Washington next month to try to jump-start the faltering U.S. economy. They may want to take a side trip to Fargo first. According to a front-page report in Saturday's New York Times, thus far the state economy in North Dakota has been immune to the downward pull of the recession that is gripping the rest of the count ...

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Power portal

Anyone who has taken a ride on Washington's Metro subway line knows that when it comes to making capital improvements in the nation's capital, Congress will spare no expense. The new Capitol Visitor Center, officially opened to the public yesterday, is no exception. Conceived in 2000 as a modest, secure underground greeting center for tourists visiting the Capitol Building, the project mushroomed into a pal ...

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Bratislava Is Not Detroit, Just So You Know

As they continue their pleas for a federal bailout (hopefully while forgoing end-of-the-year bonuses and use of corporate jets), the figureheads of major U.S. automobile companies took a little left jab to the jaw from, of all places, Slovakia! "We're in a good position to grow," says Maria Novakova, secretary-general of Slovakia's Automotive Industry Association. "Frankly, we don't want to be compared to D ...

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