Daily News Archives

New Jersey EDA Awards $47.4M To Tech, Biotech Companies


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.

Bell Inc. To Invest $30M In Ohio Carton Manufacturing Facility


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.

Wonderful Group To Invest $150M, Create 220 New Jobs In Lebanon, TN


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 To Expand Indianapolis R&D Headquarters


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.

Orgill, Inc. To Build New $15M HQ In Shelby County, TN


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.

GE Aviation Investing $200M In Pair of Alabama Plants 


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. To Expand Giles County Operations


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 to Open Reno Distribution Center


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.