Daily News Archives
The New Jersey Economic Development Authority (NJ EDA) has approved 41 companies to share a total of $47.4 million through the state’s Technology Business Tax Certificate Transfer (NOL) Program in FY 2016.
GE’s Industrial Solutions business will invest $7.4 million in its West Burlington, IA manufacturing facility and create 120 new jobs.
Bell Inc. will open its first eastern-U.S. facility in Central Ohio and create 275 new jobs, generating $9.2 million in new annual payroll. The Sioux Falls, SD-based company will invest $30 million in a 165,000-square-foot paperboard carton manufacturing facility in the Columbus area.
Tile and ceramics company Wonderful Group will invest $150 million and create 220 new jobs in Lebanon, TN, the largest-ever capital investment made in the state by a Chinese company.
Eli Lilly and Company will expand its global R&D headquarters in Indianapolis, IN, adding 130,000 square feet to the company’s existing complex.
Submissions for Business Facilities’ 2015 Economic Development Deal of the Year are now being accepted.
Orgill, Inc. will invest $15 million to build a new 100,000-square-foot world headquarters facility in east Shelby County, TN, creating 115 new jobs.
Ohio-based GE Aviation will invest $200 million to build a pair of plants in Huntsville that will produce silicon carbide materials used to make ultra-lightweight ceramic matrix composite components for jet engines.
SaarGummi Tennessee, Inc. will expand its manufacturing operations in Pulaski, TN by purchasing additional finishing equipment, improving existing infrastructure and creating more than 150 new jobs over the next five years.
Quality Bicycle Products (QBP), an international wholesale distributor of bicycle components and outdoor gear, will open a new 75,000-square-foot western distribution center in Reno, NV, creating up to 50 warehouse, customer service, and sales related positions.