According to the Impact Forecasting catastrophe update, natural disasters caused $85 billion in global economic loss during the first half of the year.
Investment of more than $35 million in Fletcher will create 40 new jobs and 88,000 additional square feet of production and warehouse space.
Bill Mitchell for WDEF News writes, “The president of the United States will praise Amazon.com tomorrow for creating thousands of new jobs. He’ll speak to employees at the Enterprise South plant. But a quarter mile away is the Volkswagen plant— another success story for Chattanooga and the state of Tennessee. It makes Chattanooga the center of the automotive south.”
WGNS radio reports, “State Representative Mike Sparks (R–Smyrna) announced this week that Tennessee has been named the number one state in the nation for automotive manufacturing strength by Business Facilities magazine.”
The Montgomery Adviser “raves: for one more indication of the strong position Alabama holds in the automotive industry. Business Facilities magazine has named Alabama the No. 2 state for automotive industry strength. The magazine noted that it all began with the decision by Mercedes to locate a plant in the state 20 years ago.”
Towing equipment manufacturer to invest $1.8 million in Green County; will create 58 new jobs.
With proposed projects in the Upper Midwest, Texas/New Mexico and Colorado, the wind energy provider hopes to lower costs while cutting emissions.
Reflex & Allen, which has more than 500 employees globally, has already hired finance, sales, quality, operations, engineering, warehousing and production associates and will continue to recruit extrusion and general operators as part of this expansion.
With a total estimated investment of $600 million, the new facility in Gray Court, SC is the largest single venture in ZF’s history.
The move is tentatively scheduled for late August 2013.