Economic development creates opportunities to grow state, local and metro areas, which are essential for economic growth, improved quality of life and community development. Business Incentives articles below.
The joint venture between Siemens and Chromalloy will result in a $139 million investment and create 350 new jobs in Hillsborough County, FL.
The Toyota-owned company will create up to 87 new jobs in Westfield, IN, with help from state tax credits and training grants.
Prysmian Group’s $15 million investment in Lexington County, SC will increase production of fiber cable as part of a $300 million contract with Verizon.
MCP USA will invest $11.38 million in its new North American headquarters in Portage, IN, creating up to 60 new jobs by 2019.
Idaho, Florida, Virginia are most improved states in ACEEE 2017 State Energy Efficiency Scorecard.
Four Las Vegas Global Economic Alliance-assisted companies have been approved for state tax incentives by the Governor's Office of Economic Development board.
Stealth Trailers will open a new facility in Marion, IN with help from state tax credits and training grants based on the company’s job creation plans.
Thanks to recently-approved Grow NJ tax credits, two food companies are considering projects that could create more than 150 new jobs and invest over $15M in distressed communities.
GATX Corporation will invest $38.5 million to expand its Terre Haute, IN operations into a full-scale Midwest maintenance hub, creating up to 59 new jobs by 2020.
J-Star Motion Corp. will establish a new manufacturing facility in Cedar Springs, MI, and plans to create 122 new jobs.
The generator manufacturing plant will add up to 90 jobs at its new sheet metal fabrication facility on its Danville, KY campus.
Android Industries and its sister company Avancez will expand their operations in Fort Wayne, IN, creating up to 313 new jobs by the end of 2018.
The automotive products and systems company will build a state-of-the-art customer center in Northville Township, MI with help from a Michigan Business Development Program grant.
The new Foster Farms project will retain 1,092 existing jobs and create 50 new direct jobs in Farmerville, Union Parish.
With help from Grow NJ, the payment cycle management software company is expected move to its new Lawrenceville headquarters in Spring 2018.
The regenerative medicine company's expansion of its Virginia Beach global headquarters is the 1,000th economic development project of the McAuliffe administration.
HMD Trucking will move its corporate headquarters from Illinois to Gary, IN, creating 500 new jobs in the state by 2021.
The company will invest more than $73M and create 400 jobs over five years with help from state Enterprise Zone Tax Credits.