Memphis, TN, the original Aerotropolis (according to the professor who coined the term), is hosting the global 2011 Airport Cities Conference & Exhibition, held last year in Beijing.
A report prepared by the Los Angeles County Economic
Development Corp. (LAEDC) puts Southern California at the top of U.S.
manufacturing hubs, employing 389,300 workers.
Jersey City, NJ and Charlotte, NC continue their steady march to the top of the list of financial services centers.
The U.S. alternative energy industry has seen enormous growth over the past few years. Although the U.S. has a lot of catching up to do to match to global leaders, states across the country are in the process of aggressively investing in the development of renewable energy resources, spurring economic growth and creating jobs.
Four Southern Indiana Businesses Plan Expansions More than $6 million in investment and the creation of up to 92 jobs by 2013 was promised by four Southern Indiana area businesses that recently announced expansion plans. Jeffersonville-based G.F. Munich Welding, Shoe Sensation, and Nexgen Mold & Tool in New Albany and Talon Logistics Services of Clarksville declared more than $3 million in new annual payroll will be added through job creation, according to a press release from One Southern Indiana, also known as 1si. “We hope this pattern of growth is indicative of a new year full of more success stories like these,” said Michael Dalby, president and CEO of 1si, which aided the businesses in securing various state and local tax abatements and credits. G.F. Munich Welding is a steel fabricator of wastewater machinery, and the company aims to invest more than $2.2 million in equipment and additional real estate and create up to 30 jobs at its Jeffersonville location, according to the release. Joseph Papalia, president of G.F. Munich Welding, said Indiana has been a business-friendly environment and the benefits received by the company from the state encouraged the local expansion. Shoe Sensation is looking to add up to 20 jobs and invest close to $700,000 to lease and improve additional space at the regional retailer’s Jeffersonville headquarters and distribution. Company CEO Michael Zawoysky credited the state and Jeffersonville for being “invaluable partners” in Shoe Sensation’s plans to grow in Clark County. Shoe Sensation and G.F. Munich Welding are also applying for benefits through the Jeffersonville Urban Enterprise Zone. “The [UEZ] was created by the city of Jeffersonville to encourage reinvestment and job growth within its boundaries and these projects are a testament to the continued fulfillment of the zone’s mission,” Jeffersonville Mayor Tom Galligan said. Talon Logistics Services intends to consolidate its Louisville operations into its Clarksville distribution center, which would create up to 30 jobs. The company provides distribution, warehousing and brokered freight services. “This further cements Southern Indiana as a logistics hub and speaks volumes about our ability to move product,” Clarksville Town Council President Greg Isgrigg said. The council approved local incentives for Talon Logistics. The region’s proximity to Kentucky makes it incumbent on the state to retain businesses and entice new industries, Indiana Secretary of Commerce Mitch Roob said. “We are in constant competition with our neighbors for new investment and nowhere is that more evident than Southeast Indiana,” he said in a press release. “The announcement of four companies investing and creating new […]
The biotechnology industry is poised to address some of the world’s most pressing challenges, and it continues to outperform annual growth in private-sector employment.
From the Desk of the Editor in Chief
CHARGING INTO AN ELECTRIC FUTURE A new era has dawned on U.S. streets. With the arrival of two all-electric vehicles, Chevy’s Volt and Nissan’s Leaf, the long-awaited conversion from fossil-fueled cars has begun in earnest. Industry analysts predict as many as two million electric cars on the road in the U.S. by 2013. But the Volt comes with a hefty $40,000 sticker and only a handful of locations in the country have installed charging stations. News from the oil capital of the universe should be enough to quiet skeptics: Starting this month, 150 charging stations for electric cars are now available to motorists in Houston, TX. The units were installed by NRG Energy. The public stations have been located at stores including Walgreens, Best Buy and HEB. NRG is offering three monthly plans, topping off at $89 to cover the electricity costs for charging both at home and at the public stations. Other companies are offering home charging units for a flat price of $2,000; it will cost about $1.50 to fully charge a vehicle, or roughly half the cost of a gallon of gas. OPEC was not available for comment. Memphis, TN and Shelby County are merging several agencies into an Economic Development and Growth Engine (EDGE). We asked Mayor A C Wharton, Jr. to explain the consolidation. BF: How will EDGE help the region attract new businesses and industrial projects? ACW: Our present system of economic development is chopped up among half a dozen or more agencies. In other words, it’s no system at all. Each of these entities is pursuing job growth and capital investment, but they’re not executing any kind of cohesive plan. Prospective employers or job-creators who want to come into our region have to navigate a complex web of bureaucracies. Bringing all these disconnected pieces together and making sure everybody is pursuing the same plan of attack just makes everything simpler—and therefore, more attractive to businesses. BF: Does the regional approach offered by EDGE maximize the opportunity to leverage the assets of the city and the county? ACW: Absolutely. The first item of business for the EDGE is to create a strategic plan that will summarize all of Memphis’ and Shelby County’s assets, and then start setting targets for companies that we want to bring to town. We’ve got an incredibly deep, talented workforce. We’ve got great infrastructure in rail and roadways. Our airport has some of the strongest cargo capacity on the planet. There is no reason that we shouldn’t be regarded […]
Availability of skilled workers has become a crucial component of site selection decisions. Here are some methods you can use to assess the labor pool at competing locations.