Michigan’s Democratic governor, Jennifer Mulhern Granholm, has announced that the Michigan Economic Development Corporation is helping five companies expand in the state, creating 3,070 jobs and $138 million in new investment. The projects include a bio-based chemical company; a health care manufacturing start-up; and redevelopment that will transform abandoned and contaminated sites into new facilities. Formed [...]
Continue reading...Tuesday, August 18, 2009
First Data, which recently announced it will relocate its headquarters back to Atlanta, bringing 250 jobs to the city, will in fact create 1,000 new positions. The initial figure was intentionally conservative. The company used the 250 number because that’s the minimum number of jobs needed to qualify for state incentives. First Data currently employs 750 in [...]
Continue reading...Tuesday, August 18, 2009
Insurer Geico will add 500 new jobs at its Amherst, New York operations center. A new Geico subsidiary will handle calls and questions concerning its home insurance and liability packages. The Amherst Industrial Development Agency and the Empire State Development Corporation are offering Geico job creation incentives. Over the next decade, Geico will add 500 jobs to [...]
Continue reading...Sunday, August 16, 2009
General Motors will invest $43 million in Brownstown Township, Michigan, to create a plant to manufacture lithium-ion battery packs for the Chevrolet Volt. The plant will create more than 100 advanced-technology jobs. Production is expected to begin in 2010. GM is getting $241 million in Federal, state and local incentives. General Motors Corporation is a global automaker founded [...]
Continue reading...Saturday, August 15, 2009
Deutsche Bank will build a technology development center in Cary, North Carolina, creating 319 jobs. The Cary Town Council will pay $75,000 in cash to DB Global Technology, a newly formed subsidiary of Germany’s Deutsche Bank. The state is giving the bank a Job Development Investment Grant worth $9.4 million over 11 years. The jobs will pay [...]
Continue reading...Friday, August 14, 2009
Dallas, Texas-based Affiliated Computer Services will expand its Port San Antonio facility, hiring an other 300 workers to join the existing 530 employees. The city of San Antonio is giving ACS a $300,000 economic development grant. Founded in 1988, ACS Affiliated Computer Services is a Fortune 500 company that provides information technology services as well as business [...]
Continue reading...Monday, August 10, 2009
Omaha, Nebraska-based ConAgra Foods has announced that its Lamb Weston unit will invest $210 million in a sweet potato processing plant in rural Richland Parish, Louisiana, creating up to 500 jobs. The state will contribute up to $37 million, luring the company away from sites in Mississippi and North Carolina. The plant will open in Fall of [...]
Continue reading...Tuesday, July 28, 2009
Goodwill Industries has purchased a failed shopping mall in Augusta, Georgia, to be converted into a Goodwill Career Campus. The move will create 500 jobs. The Development Authority of Richmond County has approved a $22.5 million bond financing inducement resolution for the site. The new facility will include a retail store, also used for training; a jobs [...]
Continue reading...Wednesday, July 22, 2009
New York’s American Industrial Partners Capital Fund has purchased struggling recreational vehicle manufacturer Fleetwood RV, and intends to hire 650 workers in Decatur, Indiana. Seven hundred people were laid off in Indiana and California as a result of the purchase. They have been invited to apply for the new positions — but at a 10% salary [...]
Continue reading...Monday, July 20, 2009
Nanotechnology firm NanoSperse has launched in Kettering, Ohio, and intends to add high tech jobs. The firm creates nano products that improve existing materials, for instance by preventing erosion. The applications include military and aerospace products. NanoSperse received $4 million in federal funds for start-up costs. It currently employs seven people, but will expand soon. Kettering’s NanoSperse is [...]
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Tuesday, August 18, 2009
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