May 2023

$100 million invested in two new Northrop Grumman offices

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


Construction for Goldman Sachs’ $500 million new campus to begin later this year in Dallas

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, Tenn.

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 investment begins 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 Piedmont 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 spends $50 million to upgrade paper towel mill

The Port Hudson, La. mill will be upgraded with increased capacity and improved equipment. Twenty 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 facility in Chesterfield, Va.

Lego has broken ground on 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, N.C.


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

Governor Bill 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, S.C.

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


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 Andy 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 Florida Gov. Ron 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 HQ in Louisville, Ky.

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, Ky.

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 HQ 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

The Coosa County plant will supply material for EV battery manufacturer SK On.

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