Kuwait's government decided on December 28 to cancel a $17.4 billion joint venture with U.S. petrochemical giant Dow Chemical. The venture, known as K-Dow, was announced with great fanfare in July as the crown jewel of economic development initiatives in Michigan. Michigan, already home to Dow Chemical's headquarters in Midland, had been slated to become the home as well to the new K-Dow Petrochemicals, a p ...

A new year is always a good time for resolutions. Here's a few we'd like to see in 2009: -- Anyone who has borrowed money from Citigroup, GMAC or the two dozen other bankrupt financial entities that have been bailed out with federal funds can deduct the balance of their monthly loan payments from their income tax. -- Bernie must spell his last name phonetically, which would make it Made-off, as in ''made of ...

ABMyr Industries recently announced it is expanding its Belleville, MI operation, which will create 38 new jobs by 2011. The family-owned company invested more than $2 million to build and equip a 50,000-square-foot metal fabrication, prototyping and production center within its current facility. ABMyr Industries’ new services utilize a state-of-the-art Mitsubishi Laser Cutter, which produces computer-preci ...

As the U.S. retail industry suffers some of the most severe sales declines in history, stores are taking drastic measures to help boost some last-minute holiday sales. An article in The Wall Street Journal highlights an all-hours free-for-all in New York City's retail mecca, Times Square. Toys "R" Us opened as normal on Friday, December 19th, but it will not close until 8pm on Christmas Eve—a run of 134 con ...

Coca-Cola Enterprises announced yesterday it will locate its new Information Technology Development Center in Louisville, KY. The company intends to recruit from the local collegiate base for the new IT and Business Information Services (BIS) Development Center. The project is expected to create approximately 35 new full-time jobs in the community. The BIS Development Center of Louisville will be an extensi ...

eBay Inc. and the Utah Governor’s Office of Economic Development (GOED) just announced the closing of a land sale in South Jordan City Utah where eBay will develop its first next-generation data center.  The data center will include new technologies and services that will enable eBay to deliver improved capabilities to its hundreds of millions of active users across its many web sites. The new facility will ...

Tennessee Governor Phil Bredesen and Economic and Community Development Commissioner Matt Kisber today joined with the chief executive officers of Hemlock Semiconductor and its parent company, Dow Corning, to announce Hemlock Semiconductor’s plan to locate a polycrystalline silicon manufacturing operation at the Commerce Park megasite in Clarksville, TN. The facility, which will produce a primary component ...

This week's economic impact report on AllianceTexas shows a staggering overall impact total: $33.8 billion on North Texas communities. One of the most successful public-private partnerships in the United States, AllianceTexas has been in a vital economic engine for 20 years. Approximately $100 million of combined initial investment from the city of Fort Worth, the state of Texas and the Federal Aviation Adm ...

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 ...

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 ...