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St. Johnsonville, NY Needs a Grant

The village of St. Johnsville, in conjunction with the Montgomery County Business Development Center, will apply for a $450,000 Community Development Block Grant to assist M.H. Stallman Company in moving its operations to New York state. If the application is approved by the state Office of Community Renewal, the company will use the funds to purchase equipment and machinery as part of a planned renovation ...

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Stimulus Bonds for Genesee County, MI May Go Unclaimed

Officials in Genesee County, Mi say they have not received any applications for more than $60 million in available federal stimulus bonds. The deadline is today, unless state lawmakers approve an extension to July 1. The low-interest loans were made available in June 2009 to hard-hit communities to help stimulate the economy by making money available for special projects and developments. The deadline to dr ...

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Eberspaecher to Open BMW Parts Plant

Eberspaecher North America plans to open a new automotive facility in Greenville County, SC with an investment of $5 million and the initial creation of 30 jobs to provide exhaust systems for BMW Manufacturing Co’s new X3 sports activity vehicle. The announcement was made Wednesday by the South Carolina Department of Commerce and Greenville Area Development Corp. Plans are to begin full production in August ...

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Nobody’s Perfect

“A man’s errors are his portals of discovery.” – James Joyce   Let’s face it, the past two years have been brutal for the denizens of Detroit. Two of Motown’s mighty Big Three automakers went belly up and nearly sank in the depths of the Great Recession before being rescued by a federal bailout. Detroit became the unofficial unemployment capital of America, bottoming out at nearly 20 percent. The mayor ...

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NJ to Business: Choose New Jersey

New Jersey has launched a privately funded nonprofit to market the state. The $2 million effort, called Choose New Jersey, has recruited 15 local corporations to help promote and facilitate business attraction, retention and expansion. The new organization was announced at the New Jersey Manufacturers Insurance Co. in West Trenton this week. Choose New Jersey is part of Gov. Chris Christie’s New Jersey Part ...

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Topura America Fastener Expands in Bowling Green, KY

Gov. Steve Beshear today joined company and community leaders in Bowling Green to announce the expansion of Topura America Fastener.  A manufacturer of automotive and industrial fasteners, Topura America Fastener will add 30 new jobs in phases over the next three years, bringing their total employment at the Bowling Green plant to 95.  Additionally, the company will invest $9.34 million as a result of the e ...

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Offshore Drilling Halt Could Slash Jobs

President Obama’s announcement last week indefinitely suspending work at 33 deepwater drilling platforms in the Gulf of Mexico has state officials in the Gulf region making dire forecasts of potential job losses as a result of the shutdown. The president imposed a moratorium on operations at the deepest offshore drilling operations in the wake of BP’s disaster in the Gulf, which has poured an estimated 39 m ...

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Illinois BIO Gets OK for Start-up Incentives

The Illinois General Assembly has passed—with overwhelming bipartisan support—an Angel Tax Credit that incentivizes early-stage investment in Illinois technology companies. The governor is expected to sign the bill (SB 2093) or a second measure (SB 3710) with an identical Angel Tax Credit sent over to the Senate yesterday by the House. The legislation, which when enacted will be effective on January 1, 2011 ...

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United We Stand

  A small news item caught our eye the other day, and we hope it is a sign of the times. This is what it said: “Twinsburg, Ohio and Solon, Ohio, have agreed to limit the tax incentives they can offer to lure businesses away from each other, hoping rather that economic development for both communities will improve with regional cooperation.” These two neighbors in the Buckeye State are on to something t ...

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Life Sciences Firm Relocating to Jersey City

Intrasphere Technologies, which provides consulting services to the life sciences industry, plans to relocate its offices to Jersey City, NJ next month, the Star-Ledger reports. The company intends to move 120 existing jobs to offices in the Harborside Plaza 10 building and plans to add another 180 jobs over the next two years. The New Jersey Economic Development Authority awarded the company a grant worth ...

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