From the Desk of the Editor in Chief
Expanded incentives are giving Mississippi a leg up on attracting leading-edge industries including clean energy, data centers and aerospace composites.
Juicy apples aren’t the only bumper crop in Upstate NY these days—a bold new future is ripening. Take our tour and sample the produce.
A skilled workforce is a prerequisite for many of today’s projects. Here’s a handy guide that will help you sort out the bevy of training programs that now are being offered.
A strong energy industry and a diverse economy keep the Lone Star State at the top of the growth charts in jobs and new expansions.
GlobalFoundries’ Fab 8 in Malta will be the most advanced semiconductor manufacturing facility in the world, producing microchips with components as small as 22 nanometers.
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 […]
As the economy slowly rebounds, businesses will need to restructure their distribution networks to maximize efficiency and minimize miles to capitalize on the recovery when it occurs.
Many states are considering replacing state economic development agencies with public-private partnerships. We asked IEDC’s chief executive to tell us how these partnerships work. BF: Is a public-private partnership a more effective vehicle for job creation than a state economic development agency or a Department of Commerce? MR: It certainly has worked for us in Indiana. If you look at the results, IEDC has been three- or four-fold more productive as a public-private partnership. Indiana is now leading the nation in per capita private-sector job growth. We are very responsive—we move at the speed of business. If you ask us for a site search and an offer on your project, we can get that accomplished in a week and often within three days. We are a transactional agency. BF: How does IEDC interact with the governor and other top state officials to execute Indiana’s overall economic development strategy? MR: What separates us from our predecessors is not only the structure of the public-private partnership, but the focus that Gov. Daniels has brought to economic development. The governor chairs the IEDC board of directors and he has made it clear to every member of his cabinet that job growth is the top priority in the state of Indiana. So across state government, everyone is working to expedite economic development needs, including permitting and building roads. We have a great espirit de corps across the state government. When we prepare to bring a project to Indiana, we can bring together any parts of the state government that are needed to close the deal, get them in the same room, and get a positive answer that will create new jobs in Indiana. BF: How does a public-private partnership like IEDC maintain the transparency of its development efforts? MR: We are audited routinely, these audits are made public, and all of our transactions and expenditures are public, even more so than our predecessor agency. BF: State economic development agencies and some public-private partnerships have been challenged recently about their claims of job growth. What is the best way to verify that projects actually are generating the jobs they have promised? MR: We are precluded by statute from indicating an exact number of jobs because these jobs are attached to taxpayer ID numbers, and that information cannot be released. Also, many companies prefer not to release precise job numbers or undertake the cost of capturing and providing that information. We make certain that our tax incentives are post-performance, meaning the jobs have been created first […]