James M. Pleasants Company Inc. (JMP), a major distributor and sales representative for HVAC, plumbing, and other industrial equipment, will consolidate its Greensboro operations into a new facility, creating 40 jobs and investing $30 million in the City of Greensboro and Guilford County. JMP was established in 1958 and is headquartered in Greensboro, NC. Today …
ATLANTA – June 12, 2024 – Today, the Georgia Department of Economic Development announced that Lee Kum Kee, a global name in Asian sauces and condiments, will invest up to $288 million in a new manufacturing facility in LaGrange, creating up to 267 jobs in Troup County over the next several years. The facility will …
JEFFERSON PARISH, La. – Construction and design leader RNGD, a Palmisano company, announced it is investing approximately $25 million to consolidate its Southeast Region manufacturing operations, training center and corporate headquarters in Jefferson Parish as part of an aggressive growth strategy. RNGD expects to create 130 direct new jobs and retain more than 240 existing …
What are Economic Development Incentives for Businesses? An economic development incentive is generally known as cash or non-cash (tax benefits, in-kind support) assistance provided by federal, state, and local governments. These incentives are employed to attract or retain business operations within their jurisdiction. Incentives come in many forms, from financial support to in-kind-support, and tax …
The recent 7.2 magnitude earthquake in Taiwan has spotlighted implications as it relates to the global supply chain. Taiwan is home to many chipmakers; Taiwan Semiconductor Manufacturing Co (TSMC) is the world’s largest contract chipmaker, and a major supplier to brands like Apple. In fact, most semiconductor manufacturing is done in southeast Asia. The United …
The pecan processing facility would bring 120 jobs to Dothan By Business Alabama Staff March 11, 2024 New Mexico-based Southern Roots Nut Co. plans to open a pecan processing facility in Dothan, creating 120 jobs. The company chose Dothan over a competing location in Georgia. The company will invest $16.6 million to outfit an existing …
Written by Jenae Valentine for Area Development Magazine Public Private Partnerships (P3s) are vital to a community’s growth. Collaboration between the public and private sector fosters opportunities like development projects that result in creating or retaining jobs as well adding to the tax base of a community. Land development isn’t the only benefit to these …
CONNERSVILLE, Ind. (July 18, 2022) – NOVA Chemicals Corporation, a Canada-based producer of sustainable polyethylene, announced plans today to expand its Circular Solutions business, establishing its first mechanical recycling facility in Connersville. The new facility, which will be operated by Novolex Holdings LLC – a leading developer of packaging products for foodservice and industrial markets with …
Leading retailer brings job growth and economic development to the Kansas City area KANSAS CITY, MO., – Ace Hardware Corporation, the world’s largest retailer-owned hardware cooperative, announced plans to open a new Retail Support Center (RSC) in Kansas City, Missouri. The new facility, spanning approximately 1.5 million sq. ft., is projected to be fully operational …
On Friday, June 16th, Wellborn Cabinet, Inc proudly broke ground on a new expansion in Oxford, Alabama. This $17 million expansion is 250,000 square feet and is projected to bring in 415 new jobs within five years of its operational start up. This new location is on 60 acres in the Oxford West Industrial Park …
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