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GlobalFoundaries and New York state economic development officials have reached an agreement on a nearly $16 million incentive package that will pave the way for an expansion of the company’s $4.6 billion computer chip factory in Malta, according to TimesUnion.com. The chip manufacturer, which is already in line for nearly $1.4 billion in cash and tax breaks, can earn an extra $15.8 million from the state if it hires 450 additional workers by 2018. That’s on top of the 1,205 people that GlobalFoundries is required to hire in exchange for the $650 million in cash the state has offered the company to offset construction costs. GlobalFoundries must submit invoices to Empire State Development Corp. to be reimbursed from that original grant. The new incentive package, which is detailed in a Memorandum of Understanding with ESDC, is part of a plan announced in June to expand the size of the manufacturing clean room that it is building for its factory, known as Fab 8, said GlobalFoundries spokesman Travis Bullard. An additional 90,000-square-feet of clean room space — part of what’s known as Phase 2 — is expected to cost GlobalFoundries $336 million on top of the $800 million it had already budgeted for the facility. Details of the MOU were revealed Wednesday at a Saratoga County Board of Supervisors meeting.
Iotron Industries Canada, Inc., a provider of contract sterilization services to the medical industry, pest and microbial reduction for agribusiness and materials modification in the production of orthopedic products, will establish a new operation in Columbia City, IN. Iotron Industries will invest more than $15.3 million to construct a 54,000 square-foot electron beam treatment facility in the Park 30 Business Center, a shovel-ready park near Columbia City. The project is expected to create 20 new jobs. “It’s welcomed news to see a high-tech, international company like Iotron recognize the good things Indiana has to offer – low-taxes, welcoming to business and the most concentrated, experienced orthopedic industry workers in the world,” said Gov. Mitch Daniels. The Canada-based company’s electron-beam treatment process serves medical products and products used in the agribusiness industry. In addition, the company’s technology is used for advanced applications such as composite curing in the defense and manufacturing industries. “The selection of Indiana for our expansion facility represented the culmination of more than two years of intensely exploring and considering sites across the United States for a possible location,” said Lloyd Scott, president of Iotron. “We believe we have now secured a highly competitive position that will benefit both Iotron and the Indiana region in the short- and long-term.” “When Iotron commenced the process of expanding the company’s operations, Indiana held a good deal of interest in this expansion due to the state’s leading position in the orthopedic industry and its business-friendly environment,” said Joseph Rangel, chief executive officer of Iotron. “Indiana enthusiastically supported our expansion into the Hoosier state, and Iotron looks forward to helping the state expand its competitive position and assist in attracting companies requiring electron beam processing of their products.” Iotron expects to break ground on the new Iotron Industries USA facility in early 2011, with major construction to be completed by late 2011. The company’s hiring will begin in January 2011 to begin training selected Indiana-based employees in specialized electron-beam processing methods at Iotron’s Canadian facilities before the Columbia City facility is operational. The Indiana Economic Development Corporation offered Iotron up to $200,000 in performance-based tax credits based on the company’s job-creation plans. Whitley County worked with three other counties to aggregate $7 million in Recovery Zone Facility Bonds, as well as other local incentives at the request of the Whitley County Economic Development Corporation.
Indianapolis-based Northwind Electronics LLC, a maker of work-vehicle electrical systems, said Tuesday that it will locate its newest manufacturing facility in the former General Motors Plant 16 in Anderson, IN. The move will create up to 100 jobs by 2013, according to the company and the Indiana Economic Development Corp., which offered $475,000 in tax credits and $22,500 in training grants based on the job creation plans. Anderson officials will consider an additional tax break. The company will invest $954,000 to purchase, improve and equip the former plant.
Borets-Weatherford, a global provider specializing in the engineering, manufacture, sales and service of Electric Submersible Pump (ESP) systems for the oil and gas industry, has announced at a press conference hosted by the Tulsa Metro Chamber it will establish its North American headquarters, and a research and development, engineering and training facility in Tulsa, OK. The Borets-Weatherford North America Technology and Training Center will also serve as administrative headquarters, a product distribution center and house limited manufacturing operations. Borets-Weatherford, an Oklahoma Quality Jobs Program participant, purchased the former Ramsey Winch facility at 1600 N. Garnett Rd., with plans to make a significant capital investment in upgrades in 2010 and 2011. This capital investment, along with the 26 current employees, supports a $52 million economic impact in the Tulsa region. Borets-Weatherford will consider different options for the available shop space and could employ up to 125 individuals in the Tulsa area in the next two to three years. Once filled, these 125 jobs support an additional 244 indirect jobs and an annual economic impact of $103.5 million on the Tulsa region. “Every new company established in our region, each new job created and every dollar spent in capital investment improves our economic prosperity and enhances our community,” said Mike Neal, the Chamber’s president and CEO. “Companies like Borets-Weatherford can choose any city in the world for relocation, and the Chamber and our economic development partners work diligently to ensure companies know the Tulsa region is where business grows.” Tulsa Mayor Dewey Bartlett Jr., welcomed the company to the community: “Tulsa has a long-standing tradition of businesses of all kinds in support of the oil and gas industry. From our compressor manufacturers to our engineering and service companies, we remain a world leader in energy production, manufacturing, engineering and support,” Bartlett said. “Congratulations to Borets-Weatherford for their decision to join us in Tulsa. Our promise to Borets-Weatherford is to be the most business-friendly city in the country. We look forward to a long and successful relationship with this fine company.” Borets-Weatherford opened in a temporary location in Tulsa in 2009 with plans for considerable growth. The company moved into its new facility in August 2010. Raymond Standridge, vice president of North American operations for Borets-Weatherford, said the company chose the Tulsa region for several reasons, including Oklahoma being the birthplace of ESP technology. “We are truly excited about establishing a state-of-the-art facility in Tulsa, which offers us a readily available professional workforce and excellent university and technology center educational programs,” Standridge said. “Additionally, […]
Anthem Blue Cross Blue Shield of Connecticut recently announced plans to move its Connecticut headquarters to Wallingford. “We are pleased that Anthem chose to remain within this region and to become part of Wallingford’s business community,” said Wallingford Mayor William Dickinson, Jr. Anthem signed a 10-year lease with developer Workstage-Connecticut LLC to occupy 217,764 square feet of the 300,000-sq. ft. office building at 108 Leigus Rd., known as the Campus at Green Hill. The company will move in two phases, with 500 employees relocating by September 2011 and the rest by September 2012. The Campus at Green Hill was constructed for Mortgage Lenders Inc. which filed for bankruptcy in 2007 during the subprime lending downturn. Workstage will complete the interior of the building to Anthem’s specifications. Anthem sold its North Haven campus to Quinnipiac University and leased back a portion of it. When Anthem’s lease expires in 2012, Quinnipiac University will proceed with plans to construct a medical school on the site. When completed, Campus at Green Hill will become one of Connecticut’s most environmentally friendly buildings. It was designed as and will be constructed to U.S. Green Building Council LEED standards and allow Anthem and other tenants to lower their carbon footprint. The remaining 70,000 sq. ft. will be available for lease.
The South Carolina Department of Commerce, the Barnwell County Economic Development Commission and the SouthernCarolina Alliance have announced that South Carolina Tissue (SCT) will locate its new production facility in Barnwell County. The $140 million investment is expected to generate 200 new jobs over the next five years. “We have spent over a year working diligently with the state of South Carolina to find a location for our new plant. In the search for our location, we were seeking a business-friendly environment with a talented work force and logistic superiority; we have found that in Barnwell County. We sincerely appreciate all of the support we have received from both the state and local governments, specifically Bob Marriott, Danny Black and Marty Martin, without whom this plant would not be a reality,” said Marc Gilson, senior vice president of Development for SCT. SCT will locate its new facility at the S.C. Advanced Technology Park in Barnwell County, and will be installing state-of-the-art tissue manufacturing equipment and advanced post-consumer fiber recycling processes to supply the tissue machine. The facility will be designed to meet LEED Gold Standards. Tissue parent rolls produced by SCT will be sold to convertors that supply the consumer and away from home markets. “The decision by South Carolina Tissue to put down roots here and make a substantial investment in capital and new job creation is further indication that our state’s efforts to establish a business-friendly climate are proving to be successful in today’s competitive economic environment. South Carolina Tissue will be a welcome addition to our state’s business community and its investment will bring new opportunity to the local workforce in Barnwell County. I’d thank and applaud Secretary Taylor and the team at Commerce, as well as the local economic development community for their continued efforts in making this announcement possible,” said Gov. Mark Sanford. “Today’s announcement is a positive indication that the region’s skilled workforce and the state’s focus on the business fundamentals such as keeping taxes and regulatory burdens low are working to attract new investment and jobs. From Dixie Narco’s expansion to Horsehead’s significant investment to Kronotex’s recent announcement, good things are happening in Barnwell County and South Carolina Tissue’s decision to locate in Barnwell County is more good news for the area. The community’s strong leadership and regional support are to be commended and have been a key element in attracting new jobs and investment. The Department of Commerce congratulates South Carolina Tissue on its investment and wishes the company much success in […]
PETCO, a leading national pet specialty retailer, will open a new Satellite Support Center in San Antonio, TX ,the company has announced in conjunction with the San Antonio Economic Development Foundation and civic leaders. The Satellite Support Center is being created as an extension of the company’s San Diego headquarters, called the National Support Center, to help store teams provide customer service. The Satellite Support Center in San Antonio will initially house associates in a variety of functions including finance & accounting, human resources, internal audit, loss prevention, risk management and ethics & compliance. Privately held PETCO operates more than 1,000 retail locations and employs about 22,000 associates nationwide. With its San Antonio expansion, the company plans to transfer or locally hire about 400 associates over the coming years in professional office positions that will exceed the City of San Antonio’s living wage standard. “With our company’s continued growth comes a need for additional space, and we’ve run out of capacity at our San Diego headquarters,” PETCO CEO Jim Myers said. “We opened our first San Antonio store in 1996 and since then we’ve added five more stores. After an extensive search for the right place to support our growth, we chose San Antonio and we’re thrilled to further expand our local presence with a Satellite Support Center, our first office location outside of San Diego.” PETCO’s Satellite Support Center will be located at 654 Richland Hills Drive, in the Westpointe Corporate Center. PETCO expects to invest about $5 million to outfit the one-story facility before an opening planned for mid-2011. “This is what happens when we set our sights high for the types of jobs we want to attract in the 21st century,” Mayor Julián Castro said. “We are excited about adding a corporate partner like PETCO, which is not only bringing significant, decision-making jobs to San Antonio, but is also investing in our community through the City’s spay and neuter program.” “In spite of the tough economic times, San Antonio has welcomed several company expansion and relocation announcements this year,” said Bexar County Judge Nelson Wolff. “Job creation is possible and thriving here in Bexar County, and we continue to meet the needs of businesses.” “PETCO is a leader in its industry, showing phenomenal growth, and we are excited they have chosen San Antonio to help facilitate that progress,” said EDF Chairman Kenny Wilson. “PETCO is a first-class corporate citizen, and we welcome them to San Antonio.” City Manager Sheryl Sculley praised the announcement saying, “The PETCO announcement is […]
The Cape Cod Commission and IBM have announced a collaboration, dubbed “Smart Cape Cod,” to deploy sophisticated technology for more efficient management of physical infrastructure, protection of natural resources, and enhanced opportunities for economic growth across the region. This initiative is intended to help Cape Cod execute its Comprehensive Economic Development Strategy, which promotes the use of technology solutions for renewable energy, environmental science, and marine/coastal industries, among other regional priorities. It highlights the need to address choke points in physical infrastructure – such as insufficient telecommunications capacity, variable electric power, and lack of wastewater treatment facilities – that limit options for economic development. “Cape Cod faces significant planning challenges,” said Paul Niedzwiecki, Executive Director of the Cape Cod Commission, “but the solutions can create economic opportunities. This type of investment creates new jobs, drives economic diversification, and enables efficiencies in government, ultimately providing taxpayers with higher quality services.” The Commission and IBM, together with regional collaborators, aim to develop and implement a set of pilot projects to demonstrate the value of smart systems that utilize real-time information, connectivity, and advanced analytics for addressing the Cape’s infrastructure. “We anticipate working closely with the Cape’s renowned research institutions, regional business organizations such as the Cape Cod Chamber and the Cape Cod Technology Council, and our government partners,” Niedzwiecki said. “The Smart Cape Cod initiative will accelerate economic development plans and maximize the benefits of the $40 million investment in the OpenCape(1) broadband network and infrastructure.” The first phase of the Smart Cape Cod initiative, which will be completed by spring 2011, will focus on designing a Strategic Information Office and a Center of Excellence for Water Resources. The Strategic Information Office will guide the use of data, information, and technology for program management and policy making, developing standards for data management, primary data collection systems, and algorithms for the meshing of data sets. The Center of Excellence for Water Resources will assess critical issues relating to water quality and management, centralizing water information and stimulating technology development needed to monitor and improve water quality and manage water and wastewater. “Cape Cod’s commitment to deploying a broadband infrastructure, its strong base of academic institutions, its entrepreneurial business community and the critical linkage between environmental management and the region’s economic prosperity all contribute to the region being a natural choice for an innovative project of this nature,” said Sharon Nunes, VP, Smarter Cities Strategy and Solutions, IBM. “IBM’s vision for a Smarter Planet is to help communities deploy smarter systems that drive tangible benefits in […]
Acumen Solutions, an international business and technology consulting firm, will spend $2.35 million to expand in Fairfax County, an investment that will bring 156 new jobs to the county, Virginia Gov. Bob McDonnell announced Wednesday. Acumen worked with the Virginia Economic Development Partnership and the Fairfax County Economic Development Authority to secure the project. The Virginia Jobs Investment Program will provide the firm funding for recruitment and training services. The company, founded in 1999 in Vienna, has its headquarters in Fairfax County, as well as offices throughout the U.S. and Europe.
Drug giant Roche will spend about $180 million in Oro Valley on new buildings and other capital investments while creating 500 jobs there over the next five years. The jobs, to pay an average salary of $75,000, will include positions in science, administration and manufacturing, as the heavyweight bioscience and pharmaceutical firm grows to meet the demands of an aging population, the Swiss-based company recently announced. The new jobs will increase the work force of Oro Valley-based Ventana Medical Systems—which was bought by Roche in 2008—by up to 50 percent. The Tucson area is believed to have won out over three other regions that also have a Roche workforce, in Indianapolis, Southern California and northern New Jersey, said Joe Snell, president and CEO of Tucson Regional Economic Opportunities Inc. or TREO. Community and business leaders close to the deal said it’s been in the works for nearly a year and hinges on Pima County and the state providing key incentives. Pima County Supervisor Ann Day, whose district includes Oro Valley, said the county and state were able to put together generous incentives to entice the company to expand its work force at Innovation Park. The county will waive $8.5 million in property taxes and the state is offering $2 million in stimulus funds, Day said. Pima County will also offer work force training. “These are 400 to 500 high-tech positions that have a median wage of more than $70,000 a year,” Day said. “I just think it’s remarkable to have companies like Ventana Medical and Roche in our region because they are at the forefront of creating new medicine to treat previously untreatable diseases. Just think, it’s developed right here in our county.” Innovation Park has become a hub for bioscience research. Sanofi-Aventis also has a research center at the 535-acre campus, and the University of Arizona recently acquired Sanofi-Aventis’ older, smaller lab space a few miles from the park. Plans for that lab call for drug research, but the lab will also be used as a business incubator.