Corporate Moves | Business Facilities - Economic Development, Site Selection & Workforce Solutions

Piper Aircraft Decides to Stay and Expand in Vero Beach A highly competitive, two-year site selection process ended favorably for Florida when Piper Aircraft announced in May that it would keep its headquarters in Vero Beach and significantly expand its manufacturing facilities at the Florida location. A $32-million incentive package that was included in an agreement between the company, the state and Indian River County sealed the deal, according to officials. The retention of the aircraft manufacturing facility keeps more than 900 jobs in Vero Beach, to which an additional 453 will be added by 2012. “Piper Aircraft’s continued presence will mean thousands of jobs and hundreds of millions of dollars in wages, economic development and other contributions for Indian River County, surrounding communities and our state,” says Governor Charlie Crist. “Florida is continuing to attract cutting-edge, technology-based companies, like Piper, that expand our state’s innovation economy,” he adds. Piper Aircraft conducted an extensive site search and looked closely at Oklahoma City, OK and Albuquerque, NM, before reaching its decision to remain in Vero Beach. According to reports, the $32-million incentive package for Piper is tied to a commitment from the company to retain a workforce of at least 1,417 through 2015. The incentive package will help Piper make capital investments in facilities, technology, equipment and tooling. During the negotiations with Piper, county commissioners initially planned to have the incentive package approved in a referendum, but they opted not to go forward with the ballot initiative. Most of the new jobs at Piper will be generated in the run-up to production of the company’s new ultralight PiperJet in Vero Beach. Piper currently has about 160 certified aircraft models, an estimated 90,000 of which are still flying. Overall, the company’s operations are expected to generate a $518-million impact on the local economy. Piper Aircraft president and CEO Jim Bass, who joined Gov. Crist at the announcement of the deal in May, characterized the agreement as more than a “vote of confidence” in the company’s longtime home of Vero Beach. “Our decision also is a commitment by Piper to Indian River County and the State of Florida,” he said. Partners in the expansion project include Enterprise Florida, the City of Vero Beach and Indian River County. High-tech Firms Moving into South Florida Three international technology companies-BlackBerry maker Research in Motion, cell phone manufacturer FoxConn International Holdings, and General Dynamics C4 Systems, a communications and information systems firm-recently committed to locate new facilities in South Florida, bringing more than 400 high-paying jobs with […]


Piper Aircraft Decides to Stay and Expand in Vero Beach A highly competitive, two-year site selection process ended favorably for Florida when Piper Aircraft announced in May that it would keep its headquarters in Vero Beach and significantly expand its manufacturing facilities at the Florida location. A $32-million incentive package that was included in an agreement between the company, the state and Indian River County sealed the deal, according to officials. The retention of the aircraft manufacturing facility keeps more than 900 jobs in Vero Beach, to which an additional 453 will be added by 2012. “Piper Aircraft’s continued presence will mean thousands of jobs and hundreds of millions of dollars in wages, economic development and other contributions for Indian River County, surrounding communities and our state,” says Governor Charlie Crist. “Florida is continuing to attract cutting-edge, technology-based companies, like Piper, that expand our state’s innovation economy,” he adds. Piper Aircraft conducted an extensive site search and looked closely at Oklahoma City, OK and Albuquerque, NM, before reaching its decision to remain in Vero Beach. According to reports, the $32-million incentive package for Piper is tied to a commitment from the company to retain a workforce of at least 1,417 through 2015. The incentive package will help Piper make capital investments in facilities, technology, equipment and tooling. During the negotiations with Piper, county commissioners initially planned to have the incentive package approved in a referendum, but they opted not to go forward with the ballot initiative. Most of the new jobs at Piper will be generated in the run-up to production of the company’s new ultralight PiperJet in Vero Beach. Piper currently has about 160 certified aircraft models, an estimated 90,000 of which are still flying. Overall, the company’s operations are expected to generate a $518-million impact on the local economy. Piper Aircraft president and CEO Jim Bass, who joined Gov. Crist at the announcement of the deal in May, characterized the agreement as more than a “vote of confidence” in the company’s longtime home of Vero Beach. “Our decision also is a commitment by Piper to Indian River County and the State of Florida,” he said. Partners in the expansion project include Enterprise Florida, the City of Vero Beach and Indian River County. High-tech Firms Moving into South Florida Three international technology companies-BlackBerry maker Research in Motion, cell phone manufacturer FoxConn International Holdings, and General Dynamics C4 Systems, a communications and information systems firm-recently committed to locate new facilities in South Florida, bringing more than 400 high-paying jobs with […]

Florida Corporate Moves

Corporate Moves Articles

Florida Corporate Moves

Florida Corporate Moves

Piper Aircraft Decides to Stay and Expand in Vero Beach A highly competitive, two-year site selection process ended favorably for Florida when Piper Aircraft announced in May that it would keep its headquarters in Vero Beach and significantly expand its manufacturing facilities at the Florida location. A $32-million incentive package that was included in an agreement between the company, the state and Indian River County sealed the deal, according to officials. The retention of the aircraft manufacturing facility keeps more than 900 jobs in Vero Beach, to which an additional 453 will be added by 2012. “Piper Aircraft’s continued presence will mean thousands of jobs and hundreds of millions of dollars in wages, economic development and other contributions for Indian River County, surrounding communities and our state,” says Governor Charlie Crist. “Florida is continuing to attract cutting-edge, technology-based companies, like Piper, that expand our state’s innovation economy,” he adds. Piper Aircraft conducted an extensive site search and looked closely at Oklahoma City, OK and Albuquerque, NM, before reaching its decision to remain in Vero Beach. According to reports, the $32-million incentive package for Piper is tied to a commitment from the company to retain a workforce of at least 1,417 through 2015. The incentive package will help Piper make capital investments in facilities, technology, equipment and tooling. During the negotiations with Piper, county commissioners initially planned to have the incentive package approved in a referendum, but they opted not to go forward with the ballot initiative. Most of the new jobs at Piper will be generated in the run-up to production of the company’s new ultralight PiperJet in Vero Beach. Piper currently has about 160 certified aircraft models, an estimated 90,000 of which are still flying. Overall, the company’s operations are expected to generate a $518-million impact on the local economy. Piper Aircraft president and CEO Jim Bass, who joined Gov. Crist at the announcement of the deal in May, characterized the agreement as more than a “vote of confidence” in the company’s longtime home of Vero Beach. “Our decision also is a commitment by Piper to Indian River County and the State of Florida,” he said. Partners in the expansion project include Enterprise Florida, the City of Vero Beach and Indian River County. High-tech Firms Moving into South Florida Three international technology companies-BlackBerry maker Research in Motion, cell phone manufacturer FoxConn International Holdings, and General Dynamics C4 Systems, a communications and information systems firm-recently committed to locate new facilities in South Florida, bringing more than 400 high-paying jobs with […]


New York Corporate Moves

New York Corporate Moves

Niagara Falls Powers Growth of Green Jobs In May, Empire State Development (ESD) and the New York Power Authority (NYPA) announced an economic development package for Globe Specialty Metals in Niagara County, bringing 500 new “green collar” jobs to the area. The package includes a major allocation of low-cost hydropower from the Niagara Power Project that will serve as the linchpin for the reopening and expansion of Globe’s manufacturing facilities in Niagara Falls. “This is another demonstration of our resolve to revitalize economic development in Upstate New York,” says New York Governor David Paterson. “This project signifies how powerfully competitive New York State can be in attracting businesses when we pool our resources-in this case, low-cost hydropower through NYPA and an Empire Zone incentive through Empire State Development.” Alan Kestenbaum, chairman and CEO of Globe, says, “This project will be a cornerstone for New York to realize its goal of making the state a major center for production and research for renewable energy and, in particular, solar energy products.” Twenty-five percent of Globe’s upgraded silicon production from its new Niagara Falls facility will be used to attract new solar panel manufacturers to New York state, thus spurring the development of the “green collar” industry in Western New York. Globe will reopen the existing Highland Avenue silicon production facility in Niagara Falls and invest in upgrading the equipment to produce approximately 30,000 tons of metallurgical grade silicon annually. In addition, it will build a new 100,000-square-foot facility in Niagara Falls to annually convert its metallurgical grade silicon into 4,000 tons of solar grade silicon, enough to produce 500 megawatts of solar power. ESD and NYPA created an incentive package that provides Globe with 40 megawatts of hydropower over five years and up to $25 million in Empire Zone benefits for up to 10 years. The company will provide a capital investment of $60 million. Medical Center Expands, Quickens Rochester’s Pulse Earlier this year, the University of Rochester Medical Center announced a strategic plan that calls for a $500 million investment over the next five to 10 years. The plan proposes the construction of a Clinical and Translational Science Building to house research and training programs, in addition to a $259-million expansion of Strong Memorial Hospital, a 52,000-square-foot, off-campus ambulatory surgery center. The economic impact of the plan will include 771 new jobs at the medical center, 1,000 permanent jobs in the community, and an average of 1,400 construction jobs per year associated with various projects through 2015. The plan’s medical focus […]


Georgia Corporate Moves

Georgia Corporate Moves

  Alcoa Expands Operations in Eastman In May, Alcoa Architectural Products broke ground at the site of its 2,500-square-foot expansion project at the Eastman-Dodge County Industrial Park in Eastman, GA. Alcoa recently has hired nine new employees and plans to complete construction by summer’s end. “The new office space will not only house our growing employee base, but will showcase our own Reynobond¨ product on the exterior,” says Jeff Jost, Alcoa’s general manager. The company’s Reynobond aluminum composite material was also used in building Home Depot’s headquarters in Atlanta and the Medical College of Georgia in Augusta, in addition to numerous facilities around the world. The Eastman expansion also will create the first “green” parking lot in Dodge County, GA. The lot will be made with an environmentally friendly porous pavement system called FilterPave, made of recycled plastic and glass. Alcoa is Dodge County’s largest exporter of manufactured goods, representing more than 94% of the county’s exports handled by the Georgia Ports Authority. The Alcoa plant has more than doubled its business activity since 2003. “When a Fortune 100 company continues to expand and invest here, it says something about what a great place Dodge County is to do business,” says F.J. “Josh” Fenn, president and CEO of Eastman-Dodge County Area Chamber of Commerce. “The project will also bring a new, modern look to the main entrance of the Eastman-Dodge County Industrial Park.” Travelport Taps Atlanta for Corporate Headquarters In early 2008, Travelport, a global distribution system (GDS) provider, announced plans to transform the Worldspan building in Atlanta, GA into its North American headquarters. The company will bring up to 200 jobs to the area by consolidating its operations in Rosemont, IL; Parsippany, NJ; and Denver, CO. Travelport expects to retain 325 jobs in the Atlanta metro area, while creating 100 jobs in Hapeville, GA, where it will expand its data center. The total investment for all of these projects is $33 million. “The consolidation of our business into a North American GDS headquarters is a significant step in building upon synergies between our existing Galileo and recently acquired Worldspan GDS businesses,” says Gordon Wilson, CEO and president of Travelport GDS. “The state of Georgia, Cobb and Fulton counties, and the city of Atlanta have demonstrated strong support for our move. Atlanta has an excellent geographic position, continually growing international direct airline services, and a well-educated, technologically literate workforce.” “Travelport’s decision to locate a division headquarters in Atlanta signals that our position as a hub in the travel and IT […]


Alabama Corporate Moves

Alabama Corporate Moves

  Federal Agency Brings Thousands of Jobs to Huntsville The U.S. Missile Defense Agency (MDA) recently broke ground in Huntsville, AL on its Von Braun III building, a $240-million, 900,000-square-foot federal facility that will employ approximately 3,000 to 4,000 highly paid technology workers. The new building is the third and final facility in MDA’s Von Braun complex. MDA director, Lieutenant General Henry Obering, calls the six-story Von Braun III building the “crowning jewel in the entire Von Braun complex.” The MDA’s ground breaking is the latest in a series of developments since 2005 at Huntsville’s 38,000-acre Redstone Arsenal facility. Major General James R. Myles, commanding officer of the U.S. Army Aviation and Missile Life Cycle Management Command, says northern Alabama will receive up to 10,000 new military and civilian jobs at Redstone Arsenal by the end of 2011. “This will also affect Florence to the west to Scottsboro in the east,” Myles adds. Redstone Arsenal has science and engineering jobs paying an average of $80,000 per year with a total payroll of $2.3 billion. Myles says payroll will increase to $3.15 billion, and state tax collections will increase to $224 million when the 10,000 new jobs are created. Alabama Adds Another Automotive Asset Tool Ventures International (TVI), a Grand Rapids, Michigan-based company, announced plans in April to open a new service center in Huntsville, AL to better meet the needs of its automotive customers. The new facility will employ eight to 10 new workers, most hired from the Huntsville area. The 12,000-square-foot plant is expected to be fully operational by July 2008. “Huntsville is a perfect site for us,” says TVI President Don Mekkes. “We maintain very high customer service standards and, because many of our major automotive customers have plants nearby, this will improve our service even more for them.” TVI’s future plans include occupation of a 21,000-square-foot facility with full manufacturing capability by fall of 2008. The new plant also will be located in Huntsville and will employ up to 25 workers. Mekkes noted that TVI spent six months analyzing over 100 different markets for the expansion. Huntsville came out on top for a variety of reasons, including its central location for customers, efficient over-road access, and easy access to air travel. Chamber of Commerce Board Chair Evans Quinlivan indicated that the expansion is significant to the community as the automotive industry continues to grow not only in Huntsville and Madison County, but also across the state. “These are the kinds of high-paying automotive manufacturing jobs that are […]


New Jersey Corporate Moves

New Jersey Corporate Moves

Novo Opts to Grow in the Garden State In March, health care company Novo Nordisk announced plans to expand its U.S. headquarters in Princeton, NJ to accommodate future growth. In the past five years, the company has experienced a 150% increase in workers at its headquarters, where around 700 people are employed. The new building will have the capacity for more than 400 employees and feature an in-house training facility capable of training 100 employees simultaneously. Novo had been considering sites in Pennsylvania, California, and Massachusetts for the project. Novo Nordisk was offered a Business Retention and Relocation Assistance Act Grant of $420,000 and an estimated sales tax exemption of $1.39 million to assist with its expansion. The company is also eligible for $5.4 million in Business Employment Incentive Program assistance. “We consider the state of New Jersey and our local community key contributors to our vision, as they have been exemplary partners and have supported and encouraged Novo Nordisk’s growth in the area,” says Jerzy Gruhn, president of Novo Nordisk, Inc. Novo Nordisk’s new facility is the first of five five-story buildings to be completed at the Princeton Corporate Campus, an 800,000-square-foot master-planned office development located in Plainsboro, NJ. Tax-Exempt Bonds Yield New Jobs at Tris Pharma Tris Pharma, Inc. revealed its plans late last year to ramp up its pharmaceutical manufacturing capacity with the help of $4.9 million in tax-exempt bonds issued under the state’s Edison Innovation Fund. The company anticipates that the resulting manufacturing expansion will result in more than 50 new jobs at the site. The New Jersey Economic Development Authority (EDA) has supported the growth and development of Tris Pharma, Inc. since March 2002, and has helped the company grow from a staff of eight to more than 70 over the past five years. “The availability of low-cost capital in the form of tax-exempt bonds is a great opportunity for companies like us and helps add manufacturing capacity right here at home in New Jersey,” says Ketan Mehta, CEO of Tris Pharma, Inc. “This is the second time we have been a beneficiary of EDA’s bond program. Our continued investment in first-rate technology infrastructure is greatly facilitated by this bond-financing. The bonds, directly purchased by The Provident Bank, were issued for 10 years with a fixed, low-interest rate and interest-only payments due for the first three months. The EDA also provided a $1 million guarantee.” Innovation Fund to Aid Tech Company Expansion In April, the New Jersey EDA closed a $1 million Edison Innovation Fund […]


Massachusetts Corporate Moves

Massachusetts Corporate Moves

Success for Socaplast and Solutia in Springfield Socaplast, an international recycling business based in Belgium, recently teamed with Massachusetts’ Solutia, Inc. to create its new U.S. headquarters in Springfield, MA. Socaplast USA will invest $3.4 million in facilities and equipment and will create 15 permanent full-time jobs at its new space in Solutia’s business park. The company plans to begin operations in the middle of 2008. Socaplast selected the Springfield site over other locations in western Massachusetts and northern Connecticut because of its close proximity to Solutia. Socaplast is Solutia’s European supplier of PVB, a plastic used to make laminated glass. Solutia uses this material at its Indian Orchard, MA plant to manufacture an interlayer for automotive glass. Socaplast has developed a technique to recycle PVB foil and trimmings discarded during the laminating process. The company plans to recycle PVB trims from the region’s NAFTA laminators, including Adams and Ruxton, TJ Conway, and Industrial Transfer. “This newly acquired green credential will go a great distance as Springfield works toward an identification that is eco-friendly and nationally recognized,” says Springfield Mayor Domenic J. Sarno. Raf van der Perre, CEO of Socaplast Belgium, says his company is eager to settle into its new Springfield offices. “It is important to us that Socaplast USA is part of the Springfield business community and contributes to the economic wealth of the Commonwealth of Massachusetts,” says van der Perre. The Western Massachusetts Economic Development Council connected Socaplast with various state agencies to facilitate the expansion. Liberty Gets Technical in Springfield In April, Liberty Mutual Group began filling approximately 160 jobs at its new office in Springfield, MA, and the insurance company predicts up to 300 jobs may be created in the future. Liberty Mutual signed a 10-year lease on 55,000 square feet of office space at the Springfield Technical Community College Park and plans to open the building in the third quarter of 2008. It will meet various needs, such as claims operations and legal administration, while also serving as a customer service call center. The new jobs will offer an average salary of $35,000, plus benefits. Edmund Kelly, CEO and president of Liberty Mutual, says Springfield offers low costs and excellent highway access. “Massachusetts is not an expensive state in which to do business,” he adds, “if you stay outside of Route 495.” Tech Fund Aids Expansion in Worcester At the end of 2007, ECI Biotech received a $400,000 Emerging Technology Fund loan from MassDevelopment, a statewide development agency based in Boston. The company will […]


Ohio Corporate Moves

Ohio Corporate Moves

Cleveland’s Teamwork Wins Over ViewRay In February, ViewRay Incorporated, a medical device manufacturer, announced that it will move its headquarters from Gainesville, FL to Cleveland, OH. The company will hire 25 professionals within the first year and will fill more than 90 positions within three years. According to ViewRay CEO William Wells, the company chose the Cleveland region after considering several bioscience hotbeds including Boston, MA; the Research Triangle Park in North Carolina; Atlanta, GA; and the Bay Area in Northern California. The company stated a key factor that led to its decision was the state of Ohio’s commitment to and infrastructure for supporting bioscience companies. Wells was also impressed with the team approach in both Cleveland and Ohio. “Lieutenant Governor Lee Fisher was instrumental in our decision making process,” Wells says. “The state’s commitment to the bioscience industry is encouraging and leads me to believe that our company will prosper here.” Wells also notes the unique opportunity to work with established engineering teams in medical imaging, world-class health institutions like the Cleveland Clinic, and the region’s cluster of start-up businesses as additional reasons for selecting the city. The Ohio Tax Credit Authority on Monday approved job creation tax credits for ViewRay estimated at $537,431 over 10 years to help the company move and equip its facility. “Ohio is making incredible strides in the biosciences, attracting companies like ViewRay that are pioneers in ground breaking products that will save lives and transform the industry,” says Fisher, who also serves as the director of the Ohio Department of Development. “This collaborative effort between Cuyahoga County, TeamNEO, BioOhio, BioEnterprise, and a number of our other partners highlights the region’s continuing commitment to growing this sector.” “As a team, they were comprehensively better than anyone that we talked to in the other states,” says Wells. According to ViewRay, which acquired $25 million from venture capitalists in January, its investors originally advised the company to move from Florida and to consider Cleveland for its headquarters. That Other Penn Station Chooses That Other Miami In March, Ohio-based restaurant chain, Penn Station, announced that it will begin building its new headquarters in Miami Township, OH this spring. The $1.5 million, 10,000-square-foot facility will be used by 14 current employees, including the company’s management team, and will provide enough space to hire an additional four employees in the future. The new facility will be located on 10 acres along US Highway 50. The company is considering creating a training restaurant on the property where it can train […]


Nebraska Corporate Moves

Nebraska Corporate Moves

Catalog Retailer Doubles Capacity One of the most prominent recent corporate expansions in Nebraska is Oriental Trading Company, Inc.’s (OTC) new 737,000-square-foot fulfillment center in La Vista, NE. Headquartered in Omaha, NE, OTC is the largest direct marketer of novelties, toys, and party supplies and the second largest direct marketer of home décor products. To serve its 18 million customers with over 30,000 unique items, the privately held company needed to nearly double its order processing capacity. The new fulfillment center does just that, bringing OTC’s fulfillment space up to a total of 1.9 million square feet. La Vista is part of the Greater Omaha region, throughout which OTC employs about 3,000 people. The new building is the largest distribution facility in eastern Nebraska and, according to the company, “utilizes the latest in technology, including a sophisticated order management system.” “Our newest fulfillment center embodies the future of Oriental Trading Company and our goal of becoming a world class organization,” says Steve Frary, OTC’s president and CEO. “It is an essential part of Oriental Trading Company’s overall platform for growth. When combined with the strength of our brand, our vast product selection and e-commerce capabilities, we are well-positioned for our next phase of growth.” Ethanol Flowing From Nebraska There has been speculation that the boom in ethanol plant construction across the Midwest will slow, but it hasn’t stopped ethanol projects already underway in Nebraska from opening recently. US BioEnergy Corporation began production in May 2007 at its Ord, NE facility. Ground was broken on the 50-million-gallon plant in December 2005 and construction was completed ahead of the normal 20-month schedule. The Ord plant is expected to produce approximately 50 million gallons of ethanol and 275,000 tons of modified wet distillers grains per year from the 15 to 18 million bushels of corn provided by local farmers. Forty new jobs were created by the plant. The facility is served by Loup Valleys Rural Public Power District, a Nebraska Public Power District wholesale customer. The next month, Siouxland Ethanol, LLC held its grand opening on June 18, 2007, at its site in Jackson, NE. The $80 million plant, for which ground was broken in September 2005, is estimated to be able to produce 50 million gallons of ethanol and 165,000 tons of distillers grain annually. The company employs 35 people. Abengoa Bioenergy hosted an open house last October to showcase its new $34 million, state-of-the-art cellulosic biomass-to-ethanol pilot plant. The plant, located adjacent to Abengoa’s 55-million-gallon per year ethanol facility, researches and […]


South Carolina Corporate Moves

South Carolina Corporate Moves

DuPont Dips $500 Million into Cooper River In December, DuPont announced its Cooper River plant, located 30 miles north of Charleston, SC, will receive a $500 million investment to drastically expand production of high-performance Kevlar® para-aramid fiber for industrial and military uses. The multiyear, multiphase expansion will increase the global production capacity for Kevlar by more than 25%, making it the single largest investment in the fiber since it was introduced in 1965. Construction to expand the existing facility began in January and required 400 contractor jobs at the project’s peak. Scheduled for start-up in 2010, the plant will bring 100 permanent jobs to the Cooper River factory, which opened in 1973. The plant currently has 60 employees and primarily produces Hytrel® thermoplastic polyester elastomer for the automotive industry. “I can’t say enough about what [DuPont] brings to our entire region,” says Dan Davis, supervisor of Berkeley County, where the Cooper River plant is located. “Not only do they provide excellent jobs for our citizens, they are also stellar corporate citizens. This is definitely a win-win announcement for us all.” The new facility will allow DuPont to further refine Kevlar to improve its ballistic performance, providing lighter-weight protective apparel for law enforcement and military personnel. Among various other enhancements, it will also produce gloves with higher dexterity to allow more freedom of movement while still protecting hands from cuts. “The new plant at Cooper River, together with our other global assets, will help DuPont meet strong and growing global demand for Kevlar,” says Thomas G. Powell, vice president and general manager of DuPont Advanced Fiber Systems. Between 2000 and 2006, DuPont successfully completed four Kevlar fiber expansion projects at its Richmond, VA and Maydown, Northern Ireland facilities. DuPont also operates manufacturing plants in Japan and Spain. Kraft Creates 1,000 New Jobs in Newberry In December, Kraft Foods announced that it will expand its Louis Rich plant’s manufacturing space in Newberry, SC by 75,000 square feet. The growth will also create 1,000 new jobs. Kraft currently has about 1,700 employees at its Newberry facility, up from 1,260 at the start of 2007. The anticipated job surge will support the increased volume of new products. The Louis Rich plant currently produces Oscar Mayer sliced luncheon meats, turkey bacon, deli-shaved meats, chicken breast strips and cuts, and ground turkey. These goods are distributed throughout the country or shipped for further processing to other Kraft plants. Lyle Olson, Kraft plant manager, says the expansion project “demonstrates the company’s confidence in our team of employees […]


Illinois Corporate Moves

Illinois Corporate Moves

Canadian Company Opens U.S. Headquarters Imperial Manufacturing Group, a Canada-based maker of equipment for the heating, air conditioning, ventilation and building products industries, officially opened its new U.S. headquarters in Alton, IL last year in July. The facility has so far generated 86 jobs, with more expected in the future. The Illinois Opportunity Returns program made the move possible by granting a $655,000 business investment package to Imperial. “The size of the new facility in Alton will help increase production and efficiency of sales as well as benefit the community with new job opportunities,” says Bradley Spencer, Imperial’s vice president, U.S. sales and operations. Imperial Manufacturing Group currently occupies just over half of the 222,400-square-foot Alton Center II, with 5,000 square feet of office space, a 30,000-square-foot manufacturing area, and approximately 87,400 square feet of warehouse and distribution space. The Alton Center Business Park is a 150-acre, mixed-use development located at the foot of the Lewis and Clark Bridge at the intersection of Illinois Route 143 and Broadway. It was a 2001 Phoenix Award winner for Community Impact at the National Brownfield Conference. Local Manufacturer Gets Big State Support The state of Illinois is investing $560,000 in Fabritech Inc., an aerospace manufacturing and maintenance, repair and overhaul business that specializes in rotor-wing aircraft. The money will go toward expanding the company’s existing operations at the St. Louis Regional Airport in Bethalto, IL. The company, which is making an almost $1.7 million investment, will create 26 new full-time jobs within two years and retain 46 jobs. Governor Rod R. Blagojevich also announced the certification of a boundary expansion for the Riverbend Enterprise Zone to include Fabritech’s expansion; zone status will give the company income and job creation tax credits. This support comes as a part of Opportunity Returns, the governor’s comprehensive economic development strategy to continue create jobs and expand the economy of Southwest Illinois. Fabritech, Inc. was incorporated in 1992 and currently operates a 25,000-square-foot facility at the St. Louis Regional Airport. The company’s expansion project calls for not only refurbishing and remodeling its existing facility, but also doubling the size of the facility. The expansion is expected to be completed by the end of 2008. Chicago Keeps a Hot Company In February, the Chicago Development Commission approved a plan by CareerBuilder, one of the highest-profile employment services and Internet media companies in the world, to keep and grow its corporate headquarters in Chicago. The plan includes the rehabilitation and reconstruction of office space in order to consolidate some of […]