Business Incentives
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.
A Powerhouse For Growth In South Carolina
Santee Cooper, South Carolina’s largest power provider, is a major driver of regional economic development, helping to create a favorable business climate that fuels growth.
New York: Where Steel Turns Into Sugar
The historic Bethlehem Steel mill in Lackawanna, New York, built in the 19th Century, will be converted into a $19-million sugar refinery.
Indiana Launches $500M Quality Of Place, Talent Attraction Initiative
The Indiana Regional Economic Acceleration and Development Initiative (READI) encourages communities to create shared visions and strategies to accelerate economic resilience, long-term growth.
New PPE Production Facilities Planned For Louisiana’s Acadiana Region
SafeSource Direct and Ochsner Health will establish two manufacturing facilities for personal protective equipment (PPE) in the Acadiana Region.
Boeing Commits $50M To Virginia Tech Innovation Campus
The investment will help diversify the technology industry and bolster the Washington, DC region as a global innovation hub.
Intel’s $3.5B Investment To Create 700 Jobs In New Mexico
Intel will expand its fabrication facility in Rio Rancho, NM to create a domestic hub for advanced semiconductor manufacturing.
Canada: Your Investment Destination For Supply Chain Resiliency
Brand, market access, and talent are among the numerous advantages Canada enjoys amid the reshaping of global supply chains.
Locations For The Biotech Industry: Microscopic Miracles
Successful introduction of mRNA vaccines has created a platform for the rapid development of new treatments.
Ninth Avenue Foods Investing $103M In Indiana Facility
The beverage production company will create up to 111 jobs at its new Midwest headquarters and manufacturing facility in Columbus, IN.
Amazon To Hire Over 1,000 At New Virginia Fulfillment Center
Amazon will build a 650,000-square-foot state-of-the-art robotics fulfillment center on 119 acres of ancillary land in Henrico County, VA.
Milwaukee Tool To Create 1,200 Jobs In Mississippi
Power tool maker Milwaukee Tool will invest $60 million in its new 500,000-square-foot manufacturing facility in Grenada, MS.
Great Lakes Cheese Investing $185M In Texas Expansion
Cheese manufacturing and packaging company Great Lakes Cheese is expanding with a state-of-the-art packaging facility that will create more than 500 jobs in Abilene, TX.
STS Group AG To Establish First U.S. Location In Virginia
German auto parts manufacturer STS Group AG will create 120 jobs and invest $39 million in its new manufacturing facility in Wythe County, VA.
Life Sciences Hubs: Good Genes, GREAT Growth
Billions in private equity and public funding are flowing into the life sciences sector, which is front and center in the battle against the pandemic.
Carvana Plans New Facility In Trenton, OH
Online auto retailer Carvana will invest more than $24 million to establish a new service and distribution facility in the Cincinnati region.
Robinhood To Create Nearly 400 Jobs In North Carolina
California-based financial services firm Robinhood will invest $11.7 million in a new customer experience and account operations center in Charlotte, NC.
Mullen Technologies Picks Memphis For EV Manufacturing
California-based electric vehicle (EV) maker Mullen Technologies Inc. has selected Memphis, TN for its U.S. manufacturing hub.
Newacme Investing $1.5M In Delaware Warehouse, Distribution Center
West Coast consumer goods distributor Newacme LLC is expanding its operations to New Castle, DE and adding 34 new jobs.
Tyson Foods Reestablishing Operations In South Carolina
Tyson will invest $55 million to transform its former operations into a meat portioning and packing facility, creating 330 jobs in Richland County, SC.
MDC Precision Bringing 90 Jobs, FERA Relocating To Texas
MDC Precision will invest $4.45 million in new operations in Pflugerville; FERA Diagnostics and Biologicals will move from New York to College Station, TX.
Pharmacy Fulfillment Solutions Provider To Open HQ In Indiana
Software-enabled pharmacy fulfillment solutions provider iA will add more than 400 jobs at its new Indianapolis headquarters by end of 2023.
Florida State Focus: Changes And Challenges
From COVID challenges to the road to recovery, not unlike many others, Florida is dealing with new territory in 2021.
Trailer Manufacturer Investing $18M In Ohio Expansion
American Trailer World Corp. will create 249 jobs with a new production facility in Batavia Township in Southern Ohio.
Brown-Forman Expanding Louisville Distillery Operation
The bourbon maker will invest $95 million in an expansion of its Louisville, KY distillery and create a nursery on the property for a long-term study of oak tree sustainability.
Gap Inc. Investing $140M In Texas Distribution Center
The new Gap Inc. distribution center will create more than 500 jobs in Longview, TX by 2023, and even more over the next five years.
Avant Organics To Launch Manufacturing Site In Alexandria, LA
Avant Organics' parent firm Crest Industries will create 40 new jobs with a $4 million capital investment at the Central Louisiana Port.
Honorable Mention Awards: 2020 Economic Development Deal Of The Year
Our 2020 Deal of the Year competition drew the most diverse (and impressive) field of projects to date, making it much tougher to narrow down our annual list of Honorable Mentions.
Generac Power Systems Creating 450 Jobs In South Carolina
Generac's new Edgefield County, SC operations will manufacture generators and associated energy technologies, serve as a distribution center to customers throughout the Southeast.
Gilead Sciences To Create 275 Jobs In North Carolina
Biopharmaceutical company Gilead Sciences, Inc. will invest up to $5 million in North Carolina’s Research Triangle region.
CMA CGM Group Keeping North American HQ In Virginia
Shipping and logistics company CMA CGM Group will retain its Norfolk, VA headquarters, and invest $36 million to expand in Hampton Roads and Northern Virginia.
Vigene Biosciences Adding 245 Jobs In Rockville, Maryland
The global leader in gene therapy and vaccine manufacturing is planning a major expansion in Montgomery County, MD.
Delaware Gaining 152 Jobs With Three Company Expansions
Two manufacturing companies and one chemical company are growing in Delaware, bringing approximately $13 million in capital investment to the First State.
Material Handling Systems Creating 200 Jobs In Kentucky
The conveyor and automated sortation equipment company's new Bowling Green, KY manufacturing operations will complement its Mt. Washington global headquarters.
Crown Holdings Will Create 126 Jobs In Virginia
The packaging technology company will invest $145 million to build an aluminum beverage can production facility in Henry County, VA.
Valeo North America Investing $5M In Alabama Expansion
Automotive supplier Valeo North America will create 70 new jobs when it begins operations at an existing facility in Bessemer, AL.
Kinetic Advantage Plans New Headquarters In Central Indiana
The automotive floorplan financing company will create more than 200 jobs at its expanded headquarters in Carmel, IN.
Moffitt Cancer Center To Begin 775-Acre Campus In Florida
Construction of the first phase of the Pasco County campus is expected to take five years, and support more than 14,500 jobs in the Tampa Bay region.
Civica To Create 186 Jobs With New Virginia Pharmaceutical Facility
Pharmaceutical manufacturer Civica Inc. will build a 120,000-square-foot manufacturing facility in the City of Petersburg, VA.
Honda Investing $200M In Western Ohio Engine Plant Expansion
The automaker will add 120 new jobs at the Honda of America Mfg., Inc. Anna Engine Plant with help from a JobsOhio economic development grant.
Mohawk Industries Investing $22.5M In Virginia Expansion
The world's largest flooring manufacturer will create 35 new jobs as it modernizes its production facility in Carroll County, VA.
