July 2023

One hundred million dollars invested in two new Northrop Grumman offices

Offices for defense contractor Northrop Grumman have been completed at the Redstone Gateway in Huntville, Ala. The Birmingham construction firm Robins & Morton completed the $100 million project, including two “build to suit” facilities and a parking deck.

 

Construction for Goldman Sach’s $500 million new campus to begin later this year in Dallas, Texas

Regional offices of the Manhattan-based banking firm Goldman Sachs’ are to be built in the Uptown area of Dallas, Texas. Downsized by 10 percent, the project is to be completed by 2027.

 

Richardson International, Canadian based agri-business leader, to invest $220 million in Memphis Wesson Oil production plant

According to the Memphis Business Journal, the upgrade of the Wesson Oil production plant is pending approval. Richardson expanded into Memphis in 2019 with the purchase of the Wesson Oil production plant.

 

$240 million investment beings at MAGMA tech facility in Bowling Green, Ky.

O-I Glass has begun construction on a revolutionary greenfield glass facility, utilizing MAGMA technology. The technology is used for manufacturing flexible, modular glass production.

 

TAT Piedmont Aviation to expand operations at the Piedmond Triad International Airport

The aviation repair company will create 85 jobs with a $13.8 million investment. “Aviation and aerospace companies of every stripe are choosing North Carolina as the best place to grow their business,” said Governor Cooper.

 

Tennessee Governor Lee signs Transportation Modernization Act into law

Governor Bill Lee signed the historic, bipartisan legislation, creating a $3.3 billion investment to modernize Tennessee’s transportation needs in rural and urban communities.

 

Georgia-Pacific LLC spends $50 million to upgrade paper towel mill

The Port Hudson, LA mill will be upgraded with increased capacity and improved equipment. 20 miles north of Baton Rouge. The mill produces paper towels for Brawny and other brands.

 

Washington Commanders owner to sell Virginia NFL team for $6 billion

Dan Snyder has agreed to sell the team to NBA legend Magic Johnson and a group of investors. A record setting amount for any professional sports franchise, the Bethesda, Md. based group of investors also owns the NHL’s New Jersey Devils.

 

Lego breaks ground on $1 billion Chesterfield, Va. facility

The first manufacturing plant in the U.S. for the Denmark-based toymaker, the project is one of Virginia’s largest economic development projects ever announced, according to Virginia Business. The project will create 1,761 jobs, with production starting in 2025.

 

Cross Technology of Winston-Salem is expanding with a $3.4 million grant

The 140,000-square-foot building upgrade for the machining company and maker will employ 120 more people over the next two years in Yadkin County.

 

6K Energy to invest $166 million in battery material manufacturing plant in Jackson, Tenn.

Governor Lee announced the company will invest in a full-scale PlusCAM™ battery material manufacturing plant. With its initial investment, 6K Energy plans on expanding to $250 million in future phases. The company will also be using its $50 million U.S. Department of Energy grant for the factory.

 

Albemarle Corp. will invest $1.3 billion and create more than 300 new jobs in Chester County, N.C.

Approval has been granted for Albemarle Corp.’s investment in its lithium hydroxide processing facility in Chester County. The significant investment comes after previous passes for incentives by the county when the project was under the code name Project Raven.

 

$3 trillion being invested in the rural American South

Federal tax incentives and loans for green energy from Biden’s climate legislation is supporting a major increase in corporate investments in the rural American South. The spending is the largest single industrial stimulus by the federal government since the New Deal.

 

Kentucky has the longest running, lowest unemployment ever recorded in the state

The record comes with a 3.8 percent unemployment rate over the last 15 months. Governor Beshear also announced the state has added 46,000 more jobs in Kentucky since February 2020, a 2.3 percent growth in jobs.

 

Georgia has received $17.5 billion in investment by Korean firms since 2020

Supporting 23,000 total jobs in the state, Korean companies like Kia, Hyundai Motor Group, SK Group and others are continuing to invest.

 

240 high-paying jobs created by Marshall Aerospace in North Carolina

Marshall Aerospace has selected Piedmont Triad International Airport for its first location in the United States to service C-130 aircraft. The company plans to invest $50 million.

 

Firearm manufacturer subsidiary FN America plans expansion in South Carolina

The company plans to expand in Pickens County with a $33 million investment that will create 176 new jobs.

 

Disney plans to invest in $17 billion in Walt Disney World over the next 10 years

Disney CEO Bob Iger announced the plan, which will create 13,000 jobs in Central Florida, as the company continues its feud with Governor DeSantis.

 

Acquisition Integration to create 250 jobs in Alabama

The aerospace logistics and distribution company plans to build 170,000 square feet of hangar and office space at the Pryor Field Regional Airport. The $30 million investment will create 250 jobs.

 

Global renewable energy company SPI Energy Co. Ltd. to invest $65.9 million in South Carolina

SEM Wafertech and Solar4American Technology announced the investment to establish operations in Sumter County. The solar companies’ investment will create 300 new jobs in Sumter County.

 

$42.7 expansion planned by BorgWarner Inc. in Oconee County, S.C.

As part of its “Charging Forward” initiative, the Auburn Hills, Mich.-based automotive supplier will create 122 new jobs in its plans to upgrade its facility in Seneca to integrate new EV battery systems.

 

Congo LLC will expand its Louisville, Kentucky HQ

The $8.25 million project will produce 500 high-paying jobs. The company plans to relocate to a 110,000-square-foot location at 13551 Triton Park Blvd.

 

Castellini Co. creates 180 jobs, to invest $16.6 million in Kentucky

The third-party logistics company for the food industry is expanding its Wilder operations with a $16.6 million investment.

 

EV car maker Rivian to invest $10 million in Bullitt County, Kentucky

The planned remanufacturing facility in Shepherdsville will create 218 high-paying jobs, continuing the EV industries’ growth in the state.

 

Church & Dwight Company will expand in Virginia

The baking soda manufacturer plans to invest $27 million in its expansion of its Chesterfield County operations, which will create an additional 53 new jobs.

 

Richmond National Group to create 100 jobs in Henrico County, Va.

The specialty insurer plans to expand its headquarters by adding 7,200 square feet of office space to its Greater Richmond footprint.

 

Delta Star will invest $30.2 million in Lynchburg, Va. expansion

The industrial power equipment manufacturer will create 149 jobs by adding 80,000 square feet of manufacturing space and 14,000 square feet of new office space.

 

CharterUp is relocating its HQ to Austin, Texas

The online bus-booking platform plans to add 100 jobs.

 

Tech company Tquila Automation to create 200 jobs in Birmingham, Ala.

The delivery hub will be located at The Switch, Birmingham’s innovation district, in the 65,000-square-foot Nextec building.

 

Westwater Resources plans $202 million graphite plant in Alabama

A major investment by Tesla, the plant will produce battery-grade lithium and manufacture battery materials. The first of its kind in North America, the facility will adopt an industrial refining method using acid-free lithium routes.

 

Jaxport receives its largest ships ever

Benefiting from deeper waters, the Jacksonville, Fla. port has seen the arrival of One Stork through the St. Johns shipping channel. The vessel can carry more than 14,000 20-foot-long containers.

 

Plans finalized for wind farm in Carroll County, Ark.

Scout Clean Energy has completed its plans for developing the $300 million Nimbus Wind Farm in Northwest Arkansas. The wind farm is expected to produce enough electricity to power nearly 30,000 homes.

 

Chart Industries plans to invest $73.7 million in production facility in Mobile County, Ala.

The second production site in Mobile County, the company will increase its production of cryogenic containers. The project will create 59 jobs.

 

Aerospace supplier to relocate from Texas to Creola in Mobile County, Ala.

Superior Air Parts plans to relocate its corporate headquarters and manufacturing operation producing FAA-approved replacement parts for piston-engine aircraft. The $24.2 million investment will create 180 jobs over 5 years.

 

Air tank manufacturer plans expansion in Norfolk, Va.

Bauer Compressors plans to invest $7.4 million in an expansion of its production capacity for hydrogen and natural gas compressors. The investment will create an additional 47 jobs.

 

Pentagon awards Northrop Grumman Corp. $244.6 million for ballistic missile work

The Falls Church, Va.-based defense contractor will continue work on ballistic missile defense system capabilities in Alabama, Colorado and California. The work will be complete in March of 2026.

 

Volkswagen plans to hire 500 workers in Chattanooga, Tenn.

The automaker will be hiring for its manufacturing plant in Hamilton County, raising its employee number to 5,500. The Chattanooga facility manufactures the electric ID.4 SUV as well as the Atlas and Atlas Cross Sport SUVs.

 

Oneok to acquire Magellan Midstream Partners for $18.8 billion

The Oklahoma-based natural gas company will close on the deal in the third quarter of 2023. With significant operations in the Houston area, the combined company will have a total value of $60 billion.

 

Clarksville, Ark. to invest in hydrogen power plant

Syntex Industries LLC of Little Rock will design and construct a hydrogen energy power plant to generate more than 500 megawatts of clean electricity in Clarksville. Construction will begin by the fourth quarter of 2023 and is slated to create more than 100 jobs.

 

Window and door manufacturer to open production facility in Alabama

Sierra Pacific Windows will invest $60 million and hire 300 people in Phenix City. Its first production facility in the American South, the company has acquired 610,000 square feet of manufacturing and warehouse space on 113 acres.

 

Ryder Systems relocates to South Florida

The fleet management and supply chain company will move to the Colonnade office tower in the Coral Gables’ business district. Eight hundred hybrid workers will be based in that office. The deal will rename the building to Ryder Colonnade.

 

Texas to invest in community colleges

The Texas Senate has approved a bill to allocated almost $430 million in funding for the state’s 50 community colleges. The workforce development deal aims to incentivize and award colleges based on students’ performance.

 

Italian solar manufacturer selects Oklahoma site for $1 billion factory

Enel will invest in solar manufacturing in Inola, Okla., creating 1,000 jobs with a 3 gigawatt annual production capacity by 2025. As part of U.S. President Joe Biden’s landmark climate change law, the Inflation Reduction Act, the company’s domestically made panels will make facilities built with the panels eligible for a lucrative tax credit.

 

Food sector servicer to supply 50 jobs in Springdale, Ark.

Cypress Cold Storage, a warehouse supplier for the food industry, breaks ground on a new state-of-the-art cold storage facility in Arkansas. The 170,000-square-foot facility of temperature-controlled space will accommodate 22,000 pallets of freezer storage.

 

Medical device manufacturer to bring 340 jobs to Atlanta’s former State Farm campus

Boston Scientific Corp. will lease nearly 250,000 square feet in Johns Creek. The largest office deal so far this year, the deal will bring life science research and development to the metro.

 

Hanon Systems to build auto parts factory near Hyundai Motor Group’s coastal Georgia EV plant

The Korean auto parts maker will invest $40 million and employ 160 people in its new facility in Bulloch County, Ga. The future $5.54 billion Hyundai EV plant is the largest economic development project in state history.

 

Mississippi State University begins construction of new computing center

The university will invest $45 million in building the new High Performance Computing Data Center in the Thad Cochran Research, Technology and Economic Development Park. The 35,000-square-foot building will expand MSU’s high performance computing capabilities.

 

Cold-Link Logistics invests $64 million in Mississippi

The 200,000-square-foot cold storage facility will create 84 new jobs in Jones County, Miss. In partnership with transportation logistics company Whitestone Transportation, the corporate site will be developed with the assistance of the Mississippi Development Authority, the city of Ellisville and Jones County.

 

Ameriprise Financial to open corporate office in Charlotte, N.C.

The new 53,000-square-foot corporate office in uptown Charlotte will bring 400 jobs to the metro area. Joe Sweeney, Ameriprise president, said the firm chose Charlotte for the expansion due to the city’s highly skilled workforce.

 

Cosentino Group to build $270 million facility in Jacksonville, Fla.

The natural stone and architectural surfaces manufacturer has announced a major investment on a 408,000-square-foot facility at the Cecil Commerce Center. The company plans to hire about 180 people with an average salary of $56,000. This would be the Spanish companies first facility built in North America.

 

Heyco Werk USA Inc. to expand in Emporia, Va.

The automotive parts manufacturer will invest $5.4 million and create 21 jobs with its expansion in Greenville County. The company produces plastic molder parts for the auto industry, specifically meeting needs for the BMW plant in South Carolina.

 

Amazon’s Arlington, Va. HQ2 East Coast headquarters welcomes 2,000 employees

The tech giant will continue to welcome an additional 1,000 to 2,000 employees in phases until September or October of this year. The company has hired 8,000 people in the area so far.

 

Wood panel manufacturer Kronospan to expand in Ala.

Kronospan will invest $350 million to expand its Oxford, Ala., operations, creating an additional 150 jobs. Once complete later this year, the company will have employed 600 people and invested a total of more than $1 billion since 2008. The Oxford facility is the largest wood products site in North America.

 

Cooperative Electric Energy Utility Supply invests $52 million in South Carolina

With the purchase of the 247,000-square-foot Airport Distribution Center, the company will provide equipment to electric cooperatives across the state. The investment will create 61 new jobs.

 

Mattress Warehouse to create 108 new jobs near Columbia Metropolitan Airport

The company will operate a warehouse and distribution center at the Airport Distribution Center in South Carolina.

 

Southern Glazer’s Wine & Spirits invests $80 million in relocation

The state-of-the-art distribution center will operate at the Saxe Gotha Industrial park in South Carolina.

 

Chick-fil-A creates 165 new jobs in South Carolina

The company’s $80 million investment in its new distribution center at the Saxe Gotha Industrial Park serves to meet the growing demand in the region.

 

Bluegrass Bottling to expand in Lancaster, Ky.

The woman-owned, Kentucky-based business has broken ground on a new bottling facility. The $6.25 million investment will create 27 new jobs. The bourbon-related business will continue to operate its Lincoln County operations, where it employs around 20 people.

 

Toyota invests an additional $2.1 billion in North Carolina

The automaker’s latest investment in its EV battery plant near Greensboro brings the total investment there to nearly $6 billion. The company has yet to announce employment numbers, but expects to hire a similar number to the expansion last year, which grew job numbers by about 350.

 

Hyundai, LG to build $4.3 billion EV battery plant in Georgia

The electric vehicle battery plant near Savannah in Bryan County will become the second battery plant Hyundai is building in the state. The project is a part of its previously announced, $5.5 billion plant in Bryan County, which will bring 8,100 jobs.

 

Finland-based home manufacturer plans Georgia facility

The building manufacturer will set up operations in Waycross, Ga., with a $750 million facility. The company will employ more than 1,400 people in its first U.S.-based operation. 

 

VT Mobile Aerospace Engineering plans to expand in Alabama

The aerospace company will hire 200 people in its expansion in Mobile. The expansion will begin in late June in conjunction with Airbus’ previous announcement to build a new assembly line for the A320 single-aisle passenger aircraft.

 

Steel Dynamics breaks ground on $2.5 billion aluminum factory in Mississippi

The Lowndes County plant was announced by Golden Triangle CEO Joe Max Higgins. The mill will produce nearly 650,000 tons of finished product for the beverage packaging, automotive and alloy industry.  

 

Space Force selects Florida’s Space Coast for new training HQ

The new Space Training and Readiness Command, or STARCOM, will bring hundreds of employees to the Space Coast to train Space Force members in wargaming and tactics. The Air Force-based command will be located at Patrick Space Force Base in Florida.

 

Energizer Holdings plans North Carolina expansion

With a total investment of $43 million over four years in Asheboro, the company will create an additional 178 jobs with an average salary of $54,000. Asheboro and Randolph County together offered $420,000 in incentives for the battery manufacturer.

 

Bosch expands its Charlotte, N.C. manufacturing capabilities

The tool company announced a major expansion with a $130 million investment to increase its production of power tool accessories in Lincoln County. The expansion will create 404 jobs with an average annual wage of $53,204.

 

E. & J. Gallo Winery opens New Amsterdam Vodka production line in North Carolina

The nation’s largest winemaker will invest a combined $423 million with a creation of nearly 500 new jobs in Chester County. Operations include a distribution center, production lines, warehousing, bottling, canning and an import and export center at the Fort Lawn hub.

 

Activation Capital will build an innovation center in the Bio+Tech Park in Richmond, Va.

The innovation incubator will develop the new hub with a $53 million investment. The 34-acre commercial park is adjacent to the Virginia Commonwealth University Medical Center and has more than 70 companies and laboratories on its campus.

 

Aerojet Rocketdyne adds 200 new jobs in Arkansas

The supplier of rocket systems to the American military will expand and modernize its facilities in Camden with a $215 million investment from the U.S. Department of Defense.

 

SK Signet opens EV charger manufacturing facility in Plano, Texas

The company’s ribbon-cutting ceremony marks the first SK Signet manufacturing facility located in the U.S. The facility plans to produce more than 10,000 chargers for electric vehicles and is expected to bring 183 jobs by 2026. 

 

INFAC North America plans expansion in Taylor County, Ky.

The automotive industry manufacturer will break ground in Campbellsville as the company invests $53 million. The expansion will create 220 jobs. This will mark the second expansion by the company at their facility in Campbellsville since starting operations in 2008.

 

Clemson University, South Carolina to invest in rural internet

With a $185.8 million federal grant and $400 million from the South Carolina General Assembly, a plan to invest in South Carolina’s broadband infrastructure will begin this year.

 

The Feds are investing $12.7 million in South Carolina community development

The United States Department of Agriculture Rural Development had awarded Jasper County, S.C. $12.7 million in community development.

 

Dongwha begins building electrolyte plant in Tennessee

The $70 million Clarksville, Tenn. electrolyte plant, which specializes in electrolytes, the main component for batteries, will be complete in 2024. The facility will have an annual production capacity of 86,000 tons.

 

Delta Biofuel announces $100 million investment in Acadiana region.

The company plans to build a full-scale renewable fuel production facility in Iberia Parish, La. The company will convert sugarcane waste into biofuel for low-emission energy generation. The investment will create 126 new jobs with an average wage of $62,500.

 

Shell Catalysts & Technologies expands in West Baton Rouge Parish

The Louisiana Economic Development says 17 new jobs with an annual salary of $94,000 will be created with the Shell Catalysts & Technologies’ $121.7 million capital investment in its Port Allen facility. Catalysts are used to generate a less energy-intensive refining process for biofuels and aviation fuel as well as medical equipment and shoes. The catalyst refining plant in Port Allen is the largest in the world.

 

Westfield Fluid Controls to create 67 new jobs in Lafayette, La.

The new state-of-the-art facility for advanced manufacturing will create jobs with an annual salary of $49,797 with a capital investment of $5.1 million.

 

Company code-named “Project Cobra” slated to bring $1 billion data center to South Carolina

The economic development project has yet to be finalized. It could bring a data center to Lake Wylie and would create 12 high paying jobs in the area.

 

Japanese battery manufacturer Envision AESC breaks ground on facility in South Carolina

The new plant will employ more than 1,100 workers with an average salary of $65,000. Florence County Economic Development CEO Gregg Robinson says the investment marks a milestone as one of the biggest economic development projects ever for the county.

 

Walmart to invest $350 million in regional distribution center in Alabama

The Cullman, Ala. plant investment will double the amount of supplies the distribution center will ship with an implementation of a robotics and software platform developed by Symbotic LLC. Walmart operates five distribution centers and 144 retail stores in Alabama and employs over 41,000 in the state.

 

GM will invest $500 million in Texas plant

GM’s investment will prepare its Arlington, Texas facility to produce its next generation of SUVs. The investment confirms that the company plans to continue investment in its traditionally powered vehicles in preparation for its emerging EV business.