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Canadian Chip Maker Plans HQ in Indiana

Saratoga Potato Chips, with international headquarters in Brampton, Ontario, is investing $4.9 million to establish a U.S. headquarters in Allen County, IN. The facility in Fort Wayne, which will be completed in 2013, will create 175 jobs. The Indiana Economic Development Corp. will provide $1 million in Economic Development for a Growing Economy tax credits  for the project over a 10-year period. The compa ...

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Battle Over Film Tax Credits Intensifies

The national battle among states to lure entertainment industry dollars has intensified this month, with several states upping the ante in film production tax credits whiles others are dropping out of the competition. On July 1, Florida became the latest state to offer generous tax incentives to motion picture, TV documentary and digital media producers. Florida activated its Entertainment Industry Incentiv ...

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Joint Venture Brings Electric Car Manufacturing to SC

CT&T, a Korean-based world leader in manufacturing electric vehicles, is forming a joint venture with 2AM Group of Spartanburg, SC to build electric cars in the state. The venture, called CT&T Southeast LLC, will invest $21 million and create 370 new jobs to support its production over the next five years.  Company officials project the Spartanburg County facility to be fully operational by the four ...

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Return to Sender

The U.S. Postal Service was at it again this week, banging its tin cup and trying to buy more time to reinvent a dying business model while confronting a growing annual budget deficit that now exceeds $7 billion. However, before we see the blueprint for moving our 19th century postal system into the 21st, the nation’s mail carriers apparently need some more triage. They are asking us to pony up another two ...

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200 Jobs In Limbo For Montrose, CO

The state, Montrose County, the Montrose Economic Development Corp. and the city of Montrose are prepared to offer a package of incentives to an international manufacturing company, which officials are declining to identify until a deal is struck. County spokeswoman Kristin Scuderi said the company is headquartered outside the U.S. and intends to move to North America. She said the company has narrowed the ...

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OK Outlets Projected to Bring 1700 Jobs

Oklahoma City Council Members today approved amendments to a 2008 joint agreement between developer Horizon Group Properties LP (HGP), the Oklahoma City Economic Development Trust and The City of Oklahoma City for the developer to build an outlet mall in Oklahoma City. An agreement was first signed in May 2008 between city entities and the developer. The project was set to open in November 2009, but dramati ...

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Baltimore Company Receives $16 Million

Caves Valley Partners has been selected to receive up to $16 million in tax-exempt federal aid to rehab the Investment Building in downtown Towson, which it plans to gut and redevelop into the new headquarters for Mile One Automotive. Baltimore County’s economic development office announced its award Monday of $16 million in Recovery Zone Facility Bonds to Caves Valley. The development team, which includes ...

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IA Grant Will Save Over 200 Jobs

The U.S. Department of Commerce’s Economic Development Administration has awarded a $1.5 million grant to the Ottumwa Regional Airport in Iowa. The funds will be used to update water infrastructure, provide infrastructure support to the new job training facility, encourage future private investment and create jobs. “It’s a significant grant. It provides support for the infrastructure that services water to ...

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TN Renewable Energy Program Re-Opens

The Tennessee Valley Authority is re-opening the Generations Partners program. Distributors, such as Nashville Electric Service, had been among those shocked when told last week that the program would take no new participants. “TVA launched Generation Partners as a pilot project, with periodic adjustments expected along the way, to encourage customer interest in small to medium-sized renewable energy projec ...

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Electric Boat Buys Pfizer Site in CT

The site of the former Pfizer World Research Headquarters in New London, CT is being purchased by General Dynamics’ Electric Boat (EB) unit. The nuclear submarine builder will invest $99 million in a new research, development, engineering and design facility that will create 700 jobs. “Pfizer’s announcement in 2009 that it was vacating its global research headquarters in New London and consolidating operati ...

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