Business Facilities LiveXchange is an invitation-only event for corporate executives responsible for choosing a new location for their companies’ next facility. Delegates meet with senior economic developers from across North America; attend seminars, workshops, and think tanks led by experts in the field of relocation and expansion; and network with other corporate executives faced with the same corporate growth challenges. This month, we preview some of the high-profile speakers who will be making presentations at our 2010 LiveXchange keynote address, seminars and workshops.
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 […]
From the Desk of the Editor in Chief
Rebounding strong from the national downturn, Texas stands out as a place of economic opportunity with many of its cities emerging as growth leaders in the Sun Belt.
Locations across the country have made renewable energy central to their economic recovery strategies. The race is on to claim a leadership position in solar, wind, geothermal and biofuel generation and manufacturing.
There’s strength in numbers. That’s why many communities are tying their growth strategies to the development of synergistic research/tech parks and business parks.
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 vcerc.org 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 […]
Wind turbine manufacturing facilities present huge opportunities in a developing market, but also large challenges due to the size of the components. Make sure you can meet them.