Corporate Moves Archives

Oklahoma Corporate Moves

Construction Begins on ADA Tech Park in Ardmore A public-private partnership between the Ardmore Development Authority (ADA) and ATP Investments, LLC began construction this month on a 47-acre technology park in Ardmore, OK. The park will be located on the west side of Ardmore, approximately 1 mile from Interstate 35. The first phase of construction will consist of putting in the initial stages of infrastructure to the park, aesthetic improvements to the site and the construction of a 5000 square foot building that will be used as a business incubator. The incubator will house a 500 ft. clean room. There will be eight lots ranging is size from approximately 2.5 acres to 4.5 acres. “This will give Ardmore a tangible product we can show to prospects we are recruiting,” states Brien Thorstenberg, ADA vice president. “This is attractive to high tech companies particularly if they need to reserve funds for operations rather than incurring a capital expense. Sites will be available for those companies in position to construct and own their facility,” Thorstenberg adds. “This park also gives Ardmore the ability to leverage the R&D base that already exists in Ardmore with the Samuel Roberts Noble Foundation, Amethyst Research, Inc. and Southwest Silicon Technologies.” Flanders Now Operating at Full Speed The Flanders Corporation is operating at full production in their manufacturing and distribution facility at the New Horizons Industrial Park (a half mile east of Interstate 35 just south of Highway 70). Flanders announced their decision to locate in Ardmore, January of this year, and began production in April. They anticipated hiring 100 employees in their first year of operation, but have hired approximately 220 at this point. They plan to have 400 employees at full production. “We are very pleased with our new location in Ardmore,” states Ron Abel, Flanders director of East Coast operations. “We have an excellent work force, and the location of Ardmore has allowed our company to consolidate some of our operations to increase our competitive advantage. We have been pleased with the assistance we have received from the Oklahoma Department of Commerce, the Southern Oklahoma Technology Center, the Ardmore Development Authority, and other state and local organizations.” The Flanders Corporation based in Washington, NC designs, manufactures and markets the highest quality filter, clean room, and containment filtration systems. The Ardmore facility manufactures and distributes air filtration products for both residential and commercial applications. Brien Thorstenberg, Ardmore Development Authority vice president, adds that Ardmore is fortunate have Flanders in our community. “During a year when […]

Ohio Corporate Moves

SunCoke Creates Jobs and Energy in Middletown SunCoke Energy, a subsidiary of Sunoco, Inc., is building a $360 million coke plant in Middletown, located adjacent to AK Steel’s Middletown Works. Expected to be complete in September 2011, the project will create approximately 550 construction jobs and 86 new Ohio steel industry jobs. Under a 20-year supply agreement, the 100-oven facility will supply AK Steel with roughly 550,000 tons of blast furnace coke delivered via conveyer annually. Previously, AK Steel purchased 25 percent of its yearly coke requirements on the open market. “Our long-term agreement with SunCoke Energy to supply AK Steel with coke and electrical power is one of the most forward-looking commitments by our company in recent years,” said AK Steel President and CEO James L. Wainscott. The 157-acre state-of-the-art plant will be the cleanest of its kind in the nation with a network of ambient air quality monitors that include volatile organic compound monitors and a sulfur dioxide monitor. Using advanced technology, the facility will also recover waste heat from the coking process to generate around 46 megawatts of electrical power each year, about 25 percent of Middletown Works’ energy requirements. Even with the Ohio Environmental Protection Agency’s (EPA) stringent requirements, Gov. Ted Strickland’s administration worked to see that this plant received all necessary permits and approval from the U.S. EPA. “Steel has been a vital part of Ohio’s history and we are working every day to make steel a vital part of Ohio’s future,” Strickland said. “We are proud to have worked with SunCoke and AK Steel to bring hundreds of new jobs and the cleanest coke plant in the country to southwest Ohio.” U.S. Sen. Sherrod Brown said, “Ohio already has a skilled workforce and a rich manufacturing heritage, spurred by projects like these that lead to good-paying jobs. Simply put, this would be one of the largest cogeneration power projects in the nation—and it’s happening right here in Middletown.” Pro-Tec Coating Adds More Steel for Leipsic, OH Pro-Tec Coating Company is expanding its operation in Leipsic with a more than $290 million project scheduled to begin construction in the fall of 2010. It includes the addition of a 415,000-square-foot building, the creation of 80 jobs and the retention of 229 jobs. As a result of its expansion, the Ohio Department of Development (ODOD) approved a 70 percent Job Creation Tax Credit (given through the Ohio Tax Credit Authority) for Pro-Tec estimated at $681,694 for a ten-year term. A condition of the grant requires the company […]

New Jersey Corporate Moves

A new form of entertainment is coming to Jersey City later this year when Pole Position Raceway opens its doors just a mile away from the Statue of Liberty. The state-of-the-art indoor karting center will feature two giant race tracks inside a 75,000-square-foot-facility, and the location couldn’t be much better. “I think people are going to really be amazed at what we are creating,” said owner Eyal Farage. “Since I was introduced to this sport, I wanted to bring it to the East Coast, and there isn’t a better market or location. It’s appealing to people ages six to 60, and older.”   Pole Position Races into Jersey City Pole Position Raceway was founded in Los Angeles, California in 2005 and has become the nation’s premiere chain of indoor kart tracks in the United States with six locations. Those involved with the Pole Position Raceway brand includes 2004 NASCAR Champion Kurt Busch, 7-time AMA Supercross Champion Jeremy McGrath, X-games freestyle gold medalist Mike Metzger, and several dozen professional car and motorcycle racers. The company’s motto is “built for racers, by racers,” and they feel that everyone has a desire to go fast. Think karting is just kid’s play? Well, think again. The average customer age at the other facilities is 31 years old, and indoor kart racing is fun for the entire family and both casual and serious racers alike. The Jersey City facility will allow up to 10 drivers at a time to compete in side-by-side action. Best of all, the karts use electric technology so there are no fumes! “The idea of building a green facility was very important to me,” Farage added. “Electric technology has made significant advances during the past few years, and that really influenced our decision to bring it to this area. We have adult karts for racers who are at least 56 inches tall and separate junior karts for kids who are at least 48 inches tall.” With a plan to open additional Raceway’s in the Tri-State area, Eyal choose Jersey City for his first venue. First, Jersey City has become the “6th borough”. The transit system to and from enables millions of people from NYC boroughs to visit easily. Secondly, Jersey City dwellers are the people Pole Position Raceway targets to enjoy the karting experience. Thirdly, because a track requires a large space, most Pole Position Raceway’s are in industrial areas. “Jersey City has done a tremendous job incentivizing commercial business’s to add value in former industrial areas,” Farage said. The Liberty […]

The Carolinas Corporate Moves

The Carolinas Corporate Moves

Caterpillar Grows in Lee County, NC Caterpillar Inc. will enlarge its Sanford plant in Lee County, NC and create 325 jobs over the next four years. A Caterpillar supplier will also come to the city bringing 160 jobs. The $28 million expansion is expected to be complete by July of 2011 with new jobs paying an average annual wage of $35,602. Caterpillar is the world’s largest maker of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The Sanford development will include a 270,000-square-foot building addition providing additional capacity to meet the growing demand for skid loaders used in landscaping and construction. Michael Walden, an economist with N.C. State says that Sanford offers an abundance of skilled labor and is connected to a good transportation network that allows the factory to supply businesses on the East Coast. This is the latest in a string of investments announced recently by the 13-county Research Triangle Region, which is home to The Research Triangle Park (RTP), the three urban core counties of Durham, Orange and Wake and the 10 rural counties of Chatham, Franklin, Granville, Harnett, Johnston, Lee, Moore, Person, Vance and Warren. In 2010, new and expanding companies announced more than $233 million in capital investments in those 10 counties for projects expected to create 675 jobs over the next few years. That follows more than $316 million in investments and 1,240 new jobs announced in those counties during 2009. Caterpillar’s decision has broad implications for the Research Triangle Region, as the company can receive as much as $8 million in state and local incentives if it meets hiring goals in Sanford and retains at least 739 existing jobs at its factories in Clayton and Sanford. The company must also keep 86 administrative jobs in Cary or move them elsewhere in North Carolina. ATG Access Gears Up Transition to Harnett County ATG Access Inc., a UK based company that came to Harnett County, NC in 2009, announced that they have acquired the vehicle barrier and gate division of the Canadian Allen-Vanguard Corporation. ATG will fully transition the business from Canada to their facility in Lillington, NC. The company will remain at eight employees, but 2,000 square feet of space at its Lillington site has been identified for future expansion related to this acquisition. “They assured us there would be room for our expansion here in Harnett County,” CEO Ray Barnett says, “and they certainly have supported us. This acquisition comes on the back of strong performance for almost […]

Indiana Corporate Moves

Cummins to Expand Seymour Engine Plant Executives from Cummins Inc. joined recently with Lt. Governor Becky Skillman to announce the company will expand its High-Horsepower Technical Center and High-Horsepower engine product line at the newly renamed Seymour Engine Plant, creating up to 200 new jobs by 2015. The Fortune 500 Company plans to invest approximately $100 million in machinery, equipment and the construction of a 28,500 square-foot expansion of its technical center. The technical center expansion will almost double the current engineering footprint in the facility and increase Cummins’ High-Horsepower mechanical development capability. “Cummins is a homegrown Indiana company making its mark in nearly 200 countries and territories around the world. We are proud of what they’ve grown here and are excited to see them add even more high-wage, high-tech positions in southern Indiana,” said Skillman. The selection of the Seymour Engine Plant for this expansion is further evidence of Cummins’ commitment to Indiana. The facility opened in 1976 and currently manufactures diesel and natural gas engines used in mining, power generation, marine, oil and gas, and rail markets around the world. “Cummins is excited to be able to strengthen its presence in Indiana and provide more good jobs in our home region,” said Mark Gerstle, vice president and chief administrative officer. Preparations for the technical center expansion are scheduled to start immediately and construction is expected to be complete by mid-2011. Cummins plans to begin hiring engineers and mechanics immediately. The Indiana Economic Development Corporation offered Cummins, Inc. up to $2.4 million in performance-based tax credits and $100,000 in training grants based on the company’s job creation plans. The city of Lawrenceburg will provide Seymour a $1.75 million regional economic development grant from its municipal development fund to assist with the project. The city of Seymour will consider additional tax abatement at the request of the Jackson County Industrial Development Corporation. The company’s commitment is contingent upon all state and local government approvals “This is, obviously, great news for the entire region,” said Seymour Mayor Craig Luedeman. “We are pleased that Cummins selected Seymour for this new project, and we have pledged to work with them as this project unfolds.” Portland Agriculture Expands into Solar Fort Recovery Construction & Equipment, LLC has announced it will expand its SolarAg division here, creating up to 120 new jobs by 2013. Founded in 2003, Fort Recovery Construction & Equipment designs agricultural buildings and equipment. In late 2009 it launched SolarAg to develop and produce solar collectors and equipment. The company plans to invest $1.9 million to renovate […]

Virginia Corporate Moves

Alternative Energy Park Planned in Norfolk The former Ford Norfolk Assembly Plant location will become one of the country’s next alternative energy plants, according to the Jacoby Group in Atlanta. The plant has a total land area of 109 acres of industrially-zoned waterfront and rail-served land with approximately 2.6 million square feet of manufacturing facilities and convenient access to I-464 and I-64. The plant has 1,500 feet fronting the Eastern Branch of the Elizabeth River and a 450-foot concrete pier has been constructed to the barge-depth channel. Norfolk is also moving forward in the development of offshore wind energy. The Virginia city is a member of VOW, Virginia’s Offshore Wind Coalition. Our shipbuilders, fabricators, distributors and integrated electronic system providers are representative of the supply chain resources that will be needed to make offshore wind energy a reality. Proponents of commercial wind power 12 miles or beyond Virginia’s coast believe the giant turbines could ultimately provide 10 percent of the state’s annual electricity demand and operate without incident in the military’s busy seas. The Department of Defense is studying 25 tracts identified for optimum winds. A recent report identifies 18 tracts as compatible with military needs and rules as long as certain guidelines are met. They were not detailed in the report. Scientists, engineers and geographers at Virginia Tech—ARI, Old Dominion University, Science Applications International Corp., Paliria Energy, Norfolk State University and James Madison University—are researching offshore wind power, mapping offshore areas and economic development impact. Download several presentations from the site. Norfolk Southern: Riding the Rails to Growth Norfolk Southern Corp. participated in the location of 70 new industries and the expansion of 23 existing industries along its rail lines in 2009, according to figures released by the company. Norfolk Southern assisted state and local government and economic development officials throughout 19 states in helping customers identify ideal locations for new and expanded facilities. New plants and expansions represented an investment of more than $3.1 billion by Norfolk Southern customers and are expected to create 3,000 jobs in the railroad’s territory, eventually generating more than 138,500 carloads of new rail traffic annually. The energy sector anchored our results during 2009,” said Newell Baker, assistant vice president industrial development. “Our group assisted in the location or expansion of 24 energy related facilities in 12 states across our service area. Ethanol production and distribution accounted for the lion’s share of energy projects, with 11 new and expanded facilities that began to receive NS rail service in 2009.” The balance of […]

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. […]

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 […]

Maryland Corporate Moves

General Motors To Expand Green Manufacturing In Baltimore General Motors will produce next-generation, two-mode rear wheel drive motors and related electric drive components at GM Powertrain Baltimore in White Marsh, MD. Gov. Martin O’Malley, Sen. Barbara A. Mikulski, Sen. Benjamin Cardin, Rep. C.A. Dutch Ruppersberger and Baltimore County Executive Jim Smith jointly announced the green manufacturing expansion. GM will construct a high-volume electric drive manufacturing facility at the Baltimore County Transmission plant, creating approximately 200 jobs and retaining hundreds more already at the plant. “Maryland is proud to be home for this new innovation driven by GM for the next generation of green technology. The technology being unveiled today will help drivers drive further on less fuel, and provide green jobs for Marylanders to support their families,” said Gov. O’Malley. “Maryland is home to one of the nation’s most talented and skilled workforces, and GM’s decision to house the manufacturing of their new technology in our State is validation of their commitment to fuel innovation, create jobs, and drive economic progress here in Maryland.” Baltimore County Executive Jim Smith said the investment in green technology at GM’s Baltimore transmission plant will bring automotive jobs back from Mexico to White Marsh. “Today’s announcement is great news for GM’s Baltimore Transmission Plant, great news for jobs, and great news for Maryland’s economy. Just last year, people wanted to write-off the American auto industry. But I and my Team Maryland colleagues knew differently,” Sen. Mikulski said. “Building the fuel efficient engines of the future, GM’s Baltimore Transmission Plant is going to lead the way to a better way, showing America can compete, America can innovate, and the American auto industry can lead again.” GM is investing $129 million in the Baltimore Transmission Plant to build electric motors and related electric drive components. The company was selected by the U.S. Department of Energy for a $105 million grant for electric drive systems manufacturing. In addition, the State of Maryland is providing a $3 million grant through the Maryland Economic Development Assistance Fund (MEDAF) and a $1.5 million grant from the Maryland Department of Labor, Licensing & Regulation Workforce Training Fund. Baltimore County is providing a $6 million conditional grant from the Baltimore County Business Growth Fund and a $150,000 Baltimore County Economic Development Training grant. “I applaud GM’s decision to partner with Maryland in using the technology of the future to build cleaner, more efficient cars that will lead to in new jobs for Marylanders,” said Sen. Cardin, a member of the Environment and […]

California Corporate Moves

Chevron Unveils Solar Testbed in Bakersfield Chevron Corp. has unveiled a huge solar energy test facility in California, according to a report in the Los Angeles Times. The oil giant has revealed that it filled an 8-acre site in Bakersfield, CA with 7,700 solar panels to test low-cost energy systems for its operations. The panels, in various sizes, represent seven cutting-edge photovoltaic technologies from seven companies that Chevron reportedly is considering as possible candidates to power its operations worldwide. Chevron, which has operations in 100 countries, told the Los Angeles Times it is seeking panels that cost less and are more reliable and efficient than what’s available today. “We’re quite a large company that uses quite a lot of energy,” Des King, president of Chevron Technology Ventures, told the Times. King’s division evaluates alternative energy technologies. The test complex just outside Bakersfield is the latest in a move by large companies to tap emerging technologies as a way to cut energy costs. BP Solar, a subsidiary of British oil giant BP, designs, manufactures and markets solar products and says it invests more than $10 million annually in photovoltaic research and development. Royal Dutch Shell has invested more than $1 billion in alternative energy projects. Chevron plans to spend at least $2 billion more over the next three years on renewable power ventures and research. Chevron researchers will study how the panels perform against a benchmark system provided by Japanese firm Sharp Electronics Corp. The entire system, known as Project Brightfield, is located on the site of a former refinery tank yard that Chevron used from the early 1900s until 1986 and was later demolished. Six of the solar panel companies—Sharp, Abound Solar, Schuco, Solar Frontier Ltd., Solibro and MiaSole of Santa Clara, Calif.—provided thin-film panels. Innovalight Inc., based in Sunnyvale, Calif., was the sole supplier of crystalline-silicon panels. The panels will produce about 740 kilowatts of electricity that will be used to power the pumps and the pipelines operated at Chevron’s Kern River oil field facility nearby. Extra power will be transferred to the local Pacific Gas & Electric Co. utility grid under a metering system that gives Chevron credit for the excess energy. Yolo County, SunPower Team to Put federal Energy Bonds to Use A northern California community is making good use of U.S. economic recovery stimulus funds to build a one-megawatt solar power facility. Yolo County has teamed with solar power company SunPower Corp. and Bank of America to work on the design and construction of a new […]