Tag: Economic Development

Granex Opens First U.S. Location In Tampa

Granex ships more than 300 truckloads of granite and marble slab every year across North America and more than 350 containers across the world from the Port of Tampa Bay.

Automotive Industry Focus: Hitting On All Cylinders

The U.S. auto industry recorded its best year ever in 2015, selling 17.5 million cars and light trucks in the U.S., nearly $570 billion in revenue and a 5.7 percent increase over last year.

South Korean Auto Supplier Investing $19M In Alabama Expansion

Mando’s latest expansion will push its investment in Alabama to $220 million.

Savannah Notches Record Cargo Volume

Georgia’s largest port moved nearly 4 million containers in 2015, an increase of 11.7 percent over the previous year.

Heroic Efforts In California

Under California’s Renovate America program, the state partners with locations to finance new energy-efficiency projects, creating new jobs in the golden state.

Advanced Manufacturing Driving Pittsburgh’s Economic Growth

Capital investment in southwestern Pennsylvania totaled $2.9 billion in 2015, marking the ninth consecutive year capital investment in the region exceeded $1 billion, according to the Pittsburgh Regional Alliance’s (PRA) ninth annual Business Investment Scorecard.

Superior Composites Announces a $2.5 Million Expansion At Its Kentucky Facility

Superior Composites Co joined state economic development and local officials in Vanceburg, KY, to mark the start of a $2.5 million expansion.

$25 Million Pledged for Economic Development Partnership in Flint, Michigan Amid Water Crisis

An economic development partnership has been announced by the FlintNOW Foundation and Huntington Bank for Flint, Michigan amid the water crisis.

Biopharmaceutical Industry Leader Investing $168M In Elkton Plant

Merck, an American biopharmaceutical industry leader, will invest $168 million to expand its manufacturing plant near the town of Elkton, Virginia.

Axiall, Lotte Invest $3 Billion in Louisiana Chemical Plants

A joint venture will build a new $1.9-billion ethane cracker and a $1.1-billion glycol plant on a Lake Charles site in Calcasieu Parish.

Amazon Announces Plans To Bring 1,000 Jobs To Kansas

Amazon.com, Inc announced plans to open a state-of-the-art fulfillment center in Edgerton, Kansas bringing 1,000 full-time hourly positions to the state.

Leading Agriculture Equipment Company Relocating Tennessee HQ to Indiana

Krone North America, a leading agriculture equipment company, announced plans to relocate its headquarters from Memphis, TN, to Shelbyville, IN.

Knight Transportation Creating 87 Jobs In Michigan

The Right Place, Inc., along with local and state partners in the City of Grand Rapids, approved a Michigan Strategic Fund (MSF) incentive for the Knight Transportation project.

IEDA Funding, Tax Breaks Spur Job Creation in Iowa

Financial assistance and incentives are approved for four companies that will invest $254 million and create 241 new jobs.

Galderma Expanding Texas HQ

Galderma’s expansion will include the addition of a 100,000-square-foot facility, a $22 million capital investment and the creation of 342 new jobs.

Honda Investing $52M To Expand Production In Indiana

Honda Manufacturing of Indiana, LLC will invest $52 million in its Greensburg, IN facility to enhance job training and add production of the Honda CR-V.

Food Processing: Generating Growth for Good Eats

The recent consolidation of food industry giants via mega-mergers is not slowing the exponential growth of major food processing hubs.

Hoosier Energy: Location Spotlight Of The Week

The Hoosier Energy Power Network’s Economic Development team is dedicated to providing valuable site selection information and assistance to companies considering a relocation or expansion in Indiana or Illinois.

PayPal Creating 400 Jobs In North Carolina

San Jose, CA-based PayPal, Inc. will invest over $3.6 million in a 400-job global operations center in Charlotte, NC by the end of 2017.

World Water Day

The first White House Water Summit aims to mobilize a national effort to conserve and expand our water resources.

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Featured Location Videos

BF Location Video: Empire State Development – Big Happens Here

New York, home to the fastest-growing tech sector in the U.S., one of the best-educated workforces in America, over $1 billion in incentives and tax breaks, and the lowest middle-class tax rate in over half a century. This is an economy that launched over 50,000 new businesses last year alone.

Latest Blog Posts

Gap, Inc. Expanding Gallatin, TN Distribution Facility

The global retailer will invest $35 million, create more than 100 new jobs in Middle Tennessee over next five years.

Italian Paper Company Breaks Ground In Ohio

Sofidel Group’s new $300 million integrated paper mill is expected to bring 300 jobs to Circleville, OH.

Cape Coral Economic Development Office: Location Spotlight of the Week

As the 10th largest city in Florida and the largest city in Southwest Florida, Cape Coral is an ideal location for relocating businesses due to its large, talented and available workforce.

Surveys & Research

CRE Functions Becoming More Aligned With C-Suite

A recent survey of corporate real estate executives finds an increased focus on the strategic aspects of CRE within companies.

Wisconsin: Where Collaboration Drives Industry Advancement

From water technology and food processing to energy, power and control, companies in Wisconsin that recognize their mutual dependency and have formed partnerships to address common challenges are thriving and creating new economic opportunities.

Lack Of Skilled Talent A Threat To Meeting Business Goals

Sixty-seven percent of companies are more concerned about employee turnover than they were last year, according to a new survey by Randstad US.

London, New York Top Global Cities 2016

A.T. Kearney’s Global Cities 2016 can help businesses make key investment decisions such as where to place regional and global headquarters, as well as manufacturing and research hubs.

Chinese Real Estate Investment Plays Growing Role In U.S. Economy

Chinese investment in U.S. real estate has grown dramatically since 2010, according to a new report by Asia Society and Rosen Consulting Group.