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.
Business Facilities’ 2020 Deal Of The Year Deadline Extended
Submissions will be accepted for Business Facilities’ 2020 Deal of the Year Awards until December 7, 2020. Awards will be announced in 2021 and featured in the January/February 2021 issue of Business Facilities.
World’s Largest Insect Protein Production Facility Coming To Illinois
Innovafeed and ADM will establish a new livestock feed production facility and headquarters in Decatur, IL, expanding sustainable agriculture solutions and creating more than 280 jobs in the region.
$590M Loan Will Help ApiJect Make Vaccine Devices In North Carolina
In response to COVID-19, the U.S. International Development Finance Corporation will loan the company $590 million to build a facility in Research Triangle Park.
NewCold Investing $150M In Major U.S. Expansion
The Netherlands-based temperature-controlled warehousing and distribution company will create more than 200 new jobs in Lebanon, IN.
SPIG Industry Investing $7.9M In Virginia Expansion
Highway guardrail manufacturer SPIG Industry, LLC's expansion in Washington County, VA will create 113 new jobs.
Mark Anthony Brewing Investing $400M In South Carolina
To keep up with explosive demand for its White Claw Hard Seltzer, the company will build a new facility and create 300 new jobs in Richland County, SC.
Cornerstone Building Brands Investing $25M In North Carolina Expansion
Cornerstone Building Brands, an exterior building product company, will create 38 jobs at its new production facility in Rocky Mount, NC.
Sortera Alloys To Create 100 Jobs In Indiana
Texas-based metal recycling company Sortera Alloys is moving its production operations to Fort Wayne, IN.
AHF Products Investing $2.5M In Kentucky Expansion
The wood flooring manufacturer plans to install innovative technology and create 20 new jobs at its Somerset, KY facility.
Reflection Window + Wall To Create 112 Jobs In Indiana
The Illinois-based building facade manufacturer Reflection Window + Wall is investing $9.3 million to build and equip a 120,000-square-foot facility in Porter County, IN.
Vigilent Labs Investing $104.6M In South Carolina
Advanced health and medical technology company Vigilent Labs will create more than 400 new jobs in Charleston County, SC.
Nestlé Purina PetCare To Invest $550M In New Ohio Factory
Purina's new Williamsburg, OH factory will support the company's long-term growth and employ more than 300 people by 2024.
U.S. Corrugated Considering Central Delaware For $80M “Super Plant”
The company has designated Dover as the "location of preference" for a 457,000-square-foot manufacturing facility that will create more than 150 jobs.
Wren Manufacturing Picks Pennsylvania For North American HQ, Manufacturing Facility
The United Kingdom’s largest kitchen retailer will create a total of 360 new jobs at two locations in Luzerne County, PA.
Advanced Manufacturing: Manufacturing Muscle Joins The Fight
In locations throughout the nation, advanced manufacturing facilities and resources are being enlisted in the fight against COVID-19.
Startup Ecosystems: Seeding The Land With Startups
Locations are nurturing startup ecosystems with access to skilled labor, angel investors, higher ed resources and an affordable quality of life that is attracting talent.
New Biopharmaceutical Company Launches Operations In Central Indiana
INCOG BioPharma Services will invest $60M to establish its first manufacturing facility and global headquarters in Fishers, IN.
COVID-19 Response And Recovery Update
Economic development organizations and local businesses keep finding inspiring and innovative ways to join forces to meet the most urgent needs of this unprecedented crisis.
LiveXchange Webinar: Panel Discussion – Opportunity Zones 2.0
Learn how Opportunity Zones are becoming prime investment opportunities for capital gains and how new IRS guidelines will impact on your plans for a QOZ near you.
LiveXchange 2020: Real Deals, Virtual Venue
Using online meetings and webinars, Business Facilities' first-ever Virtual LiveXchange seamlessly delivered the essential elements that define the site selection event.
Arizona: Silicon Makes Gold In The Copper State
Businesses choosing to locate their next facility in Arizona will discover there’s gold in the Copper State.
ND Packaging Investing $45.5M In Wisconsin
The company will create up to 40 jobs at a 350,000-square-foot corrugated box manufacturing facility in Racine County, WI.
Gerber Products Investing $36M In Michigan Expansion
The baby food maker will expand its Fremont, MI manufacturing facility, creating 50 new jobs in the process.
Midwest Truck & Auto Parts To Create 150 Jobs In Indiana
Automotive and truck parts supplier Midwest Truck & Auto Parts has selected a 125,000-square-foot facility in Lake County, IN for its Midwest expansion.
Ariat Investing $40M In New Texas Regional Headquarters
The footwear and apparel company's new regional distribution hub and corporate office will create 75 new jobs in Fort Worth, TX.
Leisure Pools and Spas North America Investing $6.1M In South Carolina
Fiberglass in-ground pool manufacturer Leisure Pools and Spas North America will establish operations and create 200 new jobs in Marion County, SC.
Aerospace Industry Innovators Propelled To New Heights In Mississippi
Mississippi remains at the forefront of the nation’s aerospace industry as leading, innovative companies continue to grow in the state, creating the high-tech, in-demand jobs of the future.
Indiana Lands Milwaukee Tool’s New Service Hub
Heavy-duty power tool manufacturer Milwaukee Tool will establish a new tool service hub in Greenwood, IN and create more than 450 new jobs by the end of 2025.
Panda Biotech Picks Texas For Nation’s Largest Hemp Fiber Processing Center
Panda Biotech's 500,000-square-foot facility in Wichita Falls, TX will be the first facility in the U.S. to cottonize hemp fiber on a commercial scale.
New Mexico: A Global Manufacturing And Logistics Powerhouse
Cutting-edge global players in advanced manufacturing are flocking to New Mexico for its superior logistics and one of the fastest border crossings.
Incentivizing Growth: Tarheel Temptations Reel In Big Fish
Through two popular incentive programs, the North Carolina Department of Commerce tailors grants to help attract jobs and the company making an investment.
Energix Renewable Energies Establishing U.S. HQ In Virginia
The Israeli renewable energy company will invest $1.1 million to establish its U.S. subsidiary base in Arlington, VA, creating 33 new jobs.
Torc Robotics Will Create 350 New Jobs In Virginia
The self-driving vehicle pioneer will invest $8.5 million to expand software development operations in Blacksburg, VA.
Corsicana Mattress To Invest Over $8.6M In Indiana
The Texas-based mattress company will establish a new production facility in La Porte, IN, creating 350 jobs.
Continental Structural Plastics Investing $45M In North Carolina
The lightweight composites maker for the transportation industry will create 61 jobs and add a new paint line and equipment at its Rowan County, NC facility.
Cajun Traditions Investing $2.85M In New Louisiana Meat Processing Facility
Meat processing startup Cajun Traditions Food Processors will establish a meat processing and packaging facility in Church Point, LA, creating 35 jobs.
KRA Operations Investing $11.5M In South Carolina
The metal stamping and injection molding company’s $11.5 million investment is expected to create 57 new jobs in Newberry County, SC.
Louisiana: Building A More Resilient State
Louisiana has created a Resilient Louisiana Commission (with 15 associated task forces) to chart a path toward safely reopening the economy and making the Pelican State more resilient for the long-term.
T-Mobile Will Create Up To 500 New Jobs In Virginia
The wireless network operator will invest $30 million to relocate one of its Customer Experience Centers to Henrico County, VA.
Mission Foods Expansion Will Create 500 Jobs In Indiana
To support its Midwest growth, the tortilla maker will establish a new 510,965-square-foot manufacturing facility in Plainfield, IN.
