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RE Firm Plans $200M Data Center in Chicago

A real estate firm has purchased the Northern Trust building in Chicago, and plans to spend $200 million to convert it into a data center. The former check processing plant in Chicago’s south loop was purchased by the Red Sea Group late last month for $35 million from Northern Trust Corp., Chicago Business Reports. Last November the Red Sea Group launched Server Farm Realty (SFR) with projects in Washington ...

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U.S. Creates Foreign Trade Zone in Arizona

The U.S. Department of Commerce has approved a foreign trade zone for nine communities in the Phoenix, AZ area. Economic development officials say large companies often look for foreign trade zones when seeking to relocate. Companies in foreign trade zones are able to import and export parts and products while reducing or eliminating customs duties and various taxes. The federal agency approved the FTZ desi ...

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U.S. Sets Up Solar Demonstration Zone in Nevada

To develop cost-competitive solar technologies, the U.S. Department of Energy (DOE) intends to fund up to $50 million in testing and demonstration initiatives. The program will be a critical link between DOE's advanced technology development programs and full-scale commercialization efforts. The Nevada National Security Site will provide a "solar demonstration zone" that will serve as a proving ground for c ...

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Bring the cheddar, win a prize

The eighth annual Wisconsin Governor’s Business Plan Contest, a process that has helped start-up companies get up and running with the help of prizes, mentoring and access to private capital, is open for entries for the 2011 contest season. The BPC has attracted about 1,800 entries in its first seven years, with roughly 160 finalists sharing in $1 million in cash and other in-kind prizes. The contest begins ...

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Oshkosh Expansion Adds Jobs in Florida

Oshkosh Corp. is expanding Pierce Manufacturing in Bradenton, FL and Frontline Communications in Clearwater, FL . The Wisconsin-based company’s fire and emergency segment will relocate two of its businesses -- Medtec Ambulances and Oshkosh Specialty Vehicles -- and consolidate them with existing business units in Florida, according to a statement issued by the Economic Development Council of the Manatee Cha ...

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Stion Plans $500-Million Solar Panel Plant

Mississippi Gov. Haley Barbour and officials from Stion, a venture-backed manufacturer of high-efficiency, low-cost thin film solar panels, announced this week that the company is locating a 100-megawatt solar panel production facility in Hattiesburg, MS. The operations will be located in the Sunbeam building. The production line is the first phase of a company investment of $500 million that will create 1, ...

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W Solar Plans $300M Plant in Wisconsin

Thin-film solar technology developer W Solar Group will relocate its headquarters from California to Wisconsin, where it will build a $300 million factory. The company will receive $28 million in state incentives for the project, which is expected to create 620 jobs when the new plant ramps up to full capacity by 2015. W Solar has developed a copper-indium-gallium-sellenium (CIGS) solar panel technology, wh ...

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Wisconsin ED May Go Public-Private

Wisconsin Gov. Scott Walker, who took office this week, wants to abolish the state Department of Commerce and replace it with a public-private economic development agency, according to a report in the Superior Telegram. The Wisconsin Economic Development Corporation would be run by a 12-person board  chaired by Walker and filled with his appointees. “Think about this corporation kind of like being the local ...

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Crystal Ball 2011

As a tumultuous year comes to an end. it's time to take another look into our Crystal Ball for some sure-fire prognostications of the big stories of 2011:   -- Ben Bernanke demands $500-billion “overdraft fee” from top U.S. banks, tells them to cut up debit cards. -- Hamid Karzai retires to Paris, opens chain of men’s clothing stores called Afghan Wearhouse. -- Cliff Lee pitches against Yankees in Worl ...

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