Daily News Articles
The Scotts Miracle-Gro Company, an industry leading lawn and garden supplies manufacturer, will invest approximately $17 million to open a plant in Pearl, MS. The 292,000-square foot Gulf Line Road facility will create 95 full-time and 50 seasonal jobs. Expected to open in January 2011, the 64-acre site—formerly owned by Clorox Company—will produce lawn and garden products, including Scotts, Ortho and Roundup. The Mississippi Development Authority (MDA) and Rankin County worked closely with Scotts Miracle-Gro and local officials to help facilitate the project and provided assistance through the Jobs Tax Credit program and other tax incentives. Tom Troxler, Executive Director of Rankin First Economic Development Authority, said the county and city of Pearl courted Columbus, Ohio-based Scotts for a long time. Both local governments tossed in 10-year tax exemptions and the MDA added funding for training. “The support of state and local leaders played a critical role in our decision to come to Pearl,” said Scotts Senior Vice President of Global Supply Chain Dave Swihart. “We are very excited to come to Pearl and to the Greater Jackson area…locating production closer to where our products are consumed will help us maximize transportation efficiencies for both raw materials and finished product and will let us respond rapidly to customer and consumer needs.”
Novo Nordisk, a global healthcare company and leader in diabetes care, today announced a $73 million expansion of its Clayton, NC manufacturing facility to accommodate increased production capacity for the company’s insulin delivery devices. The initial expansion will create 205 new jobs, including 85 in the Novo Nordisk Clayton facility, which currently produces a number of products, including the Levemir® FlexPen® (insulin detemir [rDNA origin] injection) and other products for the entire diabetes portfolio. Novo Nordisk currently has more than 420 employees in Clayton who oversee the full production process for six different diabetes treatment products, from formulation through packaging and distribution. The expansion will include the addition of two final assembly lines, two packing lines and building refurbishment. “The investment to expand our Clayton facility is another example of our commitment to improving diabetes treatment options in the U.S. by ensuring patients have access to the latest advances in treatment,” said Jerzy Gruhn, president of Novo Nordisk Inc. “Insulin delivery devices give people with diabetes a convenient way to manage their health and engage in a productive lifestyle. As patients in the U.S. continue to move from administering insulin with a conventional vial and syringe to using a pen device, Novo Nordisk will be prepared to meet growing market demand.” Novo Nordisk, which created the first insulin pen device in 1985, is a world leader in producing and delivering innovative insulin delivery systems. The company has been working with physicians and patients to demonstrate the many benefits of modern delivery devices over vials and syringes, including adherence, ease of use and dosing accuracy. Since their launch 25 years ago, devices have become the dominant form of insulin delivery in most markets outside the U.S. and are gaining share domestically. Novo Nordisk selected the Clayton site for expansion after an evaluation of both domestic and international facilities. Cost and productivity factors, including the levels of incentive support from local and state resources, were taken into consideration. The Clayton expansion project is approved to receive incentive support from a Job Development Investment Grant and a One North Carolina Fund grant. The company’s final decision is contingent upon final approval of local government incentives by Johnston County and Buncombe County.
The software giant’s 230,000-square-foot facility in Utah will bring 1,000 new jobs to the state.
Governor Bev Perdue has announced that North Carolina will receive $4.5 million in federal recovery funds to support the development of broadband access and economic development across North Carolina. The funding goes to the e-NC Authority, a state initiative to expand broadband access throughout North Carolina especially in rural areas. The $4.5 million grant is matched by an additional $1 million, including $400,000 from the Golden Leaf Foundation, for a total $5.5 million investment. “Broadband access is a critical component for economic development in North Carolina – in particular in rural areas,” said Gov. Perdue. “These funds will help continue the work of the e-NC Authority to expand the reach of high-speed Internet and, in turn, boost local economies.” Since January, North Carolina has received $275 million in federal recovery awards for expanding access to broadband. The funds announced today will enable the e-NC Authority to continue its statewide mapping of broadband availability for four more years, continuing the work started by a previous federal grant. Today’s grant was made by the National Telecommunications and Information Administration’s (NTIA) State Broadband Data and Development (SBDD) grant program, which is part of the U.S. Department of Commerce. “This funding will enable e-NC to continue its statewide mapping work of broadband availability for four more years, and will enable us to go back into the communities in North Carolina to help us find on-the-ground solutions for broadband service for all North Carolina citizens,” said Jane Patterson, e-NC Executive Director. The grant funds will also be used to continue the pilot Lifeline Online program, a national model, for another two years to improve computer ownership and Internet usage in economically distressed counties. In addition, funds will support a partnership with the NC Center for Geographic Information Analysis (CGIA) to improve the state’s address look up functionality, which will benefit emergency and public safety services.
It’s no secret that the United States has come up lame in the global race for dominance in the renewable energy market. The total U.S. investment in renewable energy projects was measured last year at roughly $19 billion, less than half of the investment made by China, the current world leader in the field. In fact, there may be only one alternative energy-related sector left to give Americans an opportunity to crow “We’re Number One!”—the emerging market for carbon accounting software, also known as Enterprise Carbon Accounting (ECA) or Green IT. A study by Groom Energy found that in 2009 more than $46 million was invested in ECA start-ups with tools to help businesses manage, analyze and report on their carbon footprints. Last year, Walmart announced it would begin requiring suppliers to report statistics on resource consumption, forcing vendors to develop calculations that will conform to the retail giant’s forthcoming Sustainability Index. Industry analysts now are projecting the global market for carbon accounting tools and related Green IT consulting will top $9 billion by 2012. According to reports, software titans SAP and Microsoft are making acquisitions to position themselves as leaders in carbon management products. The rubric of Green IT is not limited to the measurement of carbon footprints; it also encompasses everything from the management of smart grids to the processing of consumer waste. Much of the interest in carbon accounting tools was spurred by the assumption that the U.S. would enact some form of a carbon trading system this year as part of a comprehensive overhaul of the nation’s energy strategy. However, Congress dropped consideration of an energy bill from its agenda this year. California, which pioneered the concept of a carbon market, is poised to vote on a referendum that may postpone a statewide mandate on carbon trading that was supposed to take effect next year. So the widespread embrace of carbon footprint measurement methodology is peaking at the same time that the political will to place a cost on carbon emissions appears to be waning. Perhaps we need a tool to measure the environmental impact of cold feet in the halls of government.
TIMCO Aerosystems, LLC will invest $2.75 million to open a manufacturing operation in Wallburg, North Carolina. The company anticipates the creation of 275 jobs over the next five years with an overall average wage of $34,728, not including benefits. TIMCO Aerosystems, a unit of TIMCO Aviation Services, one of the largest maintenance, repair and overhaul (“MRO”) providers in the world, develops, manufactures, integrates and certifies interior cabins and monuments including galley systems, lavatories and aircraft seating. The facility in Wallburg will engineer and manufacture these interior components. Kevin Carter, Co-CEO of TIMCO along with Ron Utecht, said, “We undertook a comprehensive assessment of various locations around the country for the expanded facilities. At the end of the day, the impressive partnership of the Governor, the State Legislature, the North Carolina Department of Commerce, North Carolina Community Colleges, Davidson County and the Town of Wallburg, recognized the opportunity before us and really worked hard with our team on a compelling plan to take advantage of something that doesn’t come along frequently in the aerospace industry.” To help facilitate this expansion, the company has been awarded a $200,000 grant from the state’s One North Carolina Fund, which provides cash grants to attract business projects deemed by the governor to be vital to a healthy and growing state economy. No money is paid up front and companies must meet job creation and investment targets to receive payments. One North Carolina Fund grants also require a local match, and this grant is contingent upon approval of local incentives. Also, the state Economic Investment Committee voted to award a Job Development Investment Grant to TIMCO. JDIGs are awarded only to new and expanding businesses and industrial projects whose benefits exceed the costs to the state and which would not be undertaken in North Carolina without the grant. Under the terms of the JDIG, the company is eligible to receive a grant equal to 60 percent of the state personal income withholding taxes derived from the creation of new jobs for each of the nine years in which the company meets annual performance targets. If TIMCO meets the targets called for under the agreement and sustains them for nine years, the JDIG could yield $1.798 million in maximum benefits for the company. “By expanding its stake in the state, TIMCO has demonstrated that our own investments in education, worker training, aerospace and infrastructure have paid off. We have created the kind of business climate and workforce that is attracting new companies and encouraging the ones that […]
The Minnesota Economic Development Fund was awarded $1.4 million from the U.S. Economic Development Administration (EDA). The grant will help create more than 200 jobs and generate upwards of $4.3 million in new private investment in northeast Minnesota. The money will be combined with $772,000 in local matching funds to create a revolving loan fund of nearly $2.2 million. The Arrowhead Regional Development Commission and the Northspan Group of Duluth asked for Congressman Jim Oberstar’s help with the grant application in spring 2009, when it became apparent that Duluth’s aviation manufacturing industry needed access to operating capital. “This is a sound investment in our economy; EDA estimates show that every federal dollar invested will return $3 in private sector growth,” said Oberstar. “Duluth’s aviation industry is a prime example of how new ideas can create jobs and economic growth,” said Oberstar. “This fund will ensure that companies and entrepreneurs have the ability to create jobs.” The following coalition of Northeast Minnesota counties and economic development agencies committed matching funds to the revolving loan fund: Iron Range Resources and Rehabilitation Board, $300,000; Duluth 1200 Fund Inc., $200,000; St. Louis County, $100,000; Two Harbors Development Commission, $100,000; Carlton County, $50,000; Lake County, $10,000; Aitkin County, $10,000; and Koochiching County, $2,000.
Cree Inc. will invest $135 million to expand its Durham, NC manufacturing operations, announced Governor Bev Perdue. The LED lighting company will create 244 new local jobs over the next two years with an average annual wage of $42,726. Cree will receive more than $4 million in state and local incentives if it meets hiring and investment goals. The incentives will help the company produce next generation LEDs, tiny light-emitting chips that are used in such products as lighting, signs and wireless devices. This latest expansion involves a significant increase in Cree’s manufacturing footprint and led them to explore several possible locations. Chuck Swoboda, Cree’s Chairman and CEO, said that the company needed to move quickly to meet orders for light models for Chinese streetlights and other uses. “I think incentives are a reality in making these decisions today,” Swoboda said, noting that Cree also received economic incentives at its China facilities. “They’re part of the equation. They’re not the only factor, but they are a factor.” “Cree is proud to be expanding our operations in North Carolina,” said Swoboda, “The establishment of this next generation wafer fab capability will help us to lead the next phase of the LED lighting revolution.”
Pennsylvania State University researchers will receive $129 million over the next five years from several federal sources, including the Department of Energy (DOE), and an additional $30 million from Pennsylvania, to develop ways to make buildings more energy efficient. The funds will create an Energy Innovation Hub at the Philadelphia Navy Yard, which will involve researchers from academia, the private sector and two national laboratories in an effort to save energy, cut carbon pollution and position the United States at the forefront of the industry. In addition to the $122 million grant from the DOE, three other federal agencies will provide about $7 million in funding, and Gov. Ed Rendell has pledged $30 million to the project to construct a new facility at the Navy Yard Clean Energy Campus in Philadelphia. The 1,200-acre Navy Yard site is a city within a city with a master plan guiding its development. A central feature of the master plan is the Clean Energy Campus aimed at making the Navy Yard and the Greater Philadelphia region a global headquarters for clean energy technology and policy. The Navy Yard’s size, its extensive utility infrastructure including an independent electric grid, and diverse building stock, combined with its future development capacity, make it the ideal location for a national energy efficient building initiative. Partners in the Penn State-led energy initiative include: Bayer Material Science; Ben Franklin Technology Partners of Southeast Pennsylvania; Carnegie Mellon University; Collegiate Consortium; Delaware Valley Industrial Resource Center; Drexel University; IBM Corp.; Lawrence Livermore National Laboratory; Morgan State University; New Jersey Institute of Technology; Philadelphia Industrial Development Corporation; PPG Industries; Princeton University; Purdue University; Rutgers University; Turner Construction; United Technologies Corp.; University of Pennsylvania; University of Pittsburgh; Virginia Tech; and Wharton Small Business Development Center.
Volkswagen announced that it will invest nearly $550 million in the first stage of construction of a new motor plant in Silao, Guanajuato in Mexico that will create 700 direct jobs. This is the second Volkwagen factory in Mexico, the first being located in the state of Puebla. Construction will begin in October as part of the company’s growth strategy for North America. By 2013, it is expected to be working at full capacity, producing 33,000 latest-generation engines to supply the Mexican and U.S. markets. Volkswagen’s investment in Mexico was announced at a ceremony held at the official Los Pinos residence, led by President Felipe Calderón Hinojosa, Otto Lindner, President of the Executive Board of Volkswagen, Mexico and Juan Manuel Oliva Ramírez, Governor of the state of Guanajuato. The new Volkswagen plant in Silao will produce new generation components to supply the assembly plants in Puebla and Chatanooga, Tennessee. The Puebla Factory currently produces the Jetta, Golf, SportWagen and New Beetle models. Production of a new medium-sized sedan will begin in Chatanooga, Tennessee as from 2011. In 2009, the Volkswagen Group sold 6.3 million vehicles worldwide. In 2009, it invested approximately $4.2 billion in research and development, primarily to reduce the environmental impact of its productive processes. This is reflected in the new motors to be produced in Silao that meet the most stringent contaminant emission norms. They reduce carbon dioxide pollution as well as significantly improving their fuel consumption efficiency. Volkswagen began operating in Mexico in 1964 when it produced the first sedan at its Puebla factory. In 2008, it opened its Tennessee factory and in 2010, it will begin construction of its Silao, Guanjuato factory, which marks a historical milestone since it is Volkswagen’s first investment outside Puebla, one of its largest factories worldwide. Worldwide, Volkswagen has 66 production plants and commercializes its automobiles in 153 different markets under the following makes: Volkswagen, Audi, Bentley, Bugatti, Lamborghini, SEAT, Skoda and Volkswagen Commercial Vehicles. It also offers financial and insurance services for its products.