Posts by: Economic Development HQ.com

Lubbock Economic Development Alliance Secures $140M Monsanto Consolidation Project

Monsanto Company has announced plans for a consolidation of its U.S. cotton seed processing operations at a new state-of-the-art facility in Lubbock, TX.

Monsanto Lubbock Facility

Monsanto Lubbock Facility (rendering – monsanto.com)

Working in cooperation with the Lubbock Economic Development Alliance (LEDA), the company will make a capital investment of $140 million into building and equipping the new facility.

The project will enable the creation of 40 new full-time jobs and 15-25 new part-time jobs that will operate out of the facility. The full-time positions include managers and technicians with annual average salaries of $55,000.

The new facility, located on 150 acres in North Lubbock along Interstate 27, will be established as Monsanto’s primary U.S. hub for all cotton seed processing operations. Location of the new hub facility, Monsanto’s established relationship with LEDA and the opportunity to leverage new production technology factored into the decision to consolidate and optimize its U.S. commercial cotton seed processing operations.

The company’s existing cotton seed processing facilities in Arizona, Mississippi and Texas will continue to support manufacturing operations until summer 2017, at which point they will transition to support storage and warehousing, pre-commercial operations or research.

Dave Penn, cotton manufacturing lead at Monsanto, said in a release that the facility’s geographic location in Lubbock, TX, will allow for better alignment with the cotton industry and help them better serve customers across the Cotton Belt.

Manufacturing employees who are offered the opportunity to relocate will also have the option to receive a severance package in the event they choose not to relocate. All remaining affected employees will be offered enhanced benefits under Monsanto’s Separation Plan.

“Monsanto remains committed to treating employees who are involved in these changes with compassion and respect, and that will continue,” added Penn.

The $140 million Monsanto project will be LEDA’s largest capital investment project to-date since the organization’s inception in 2004. Once fully operational, the project will generate an annual value added impact on the local economy of $11.2 million.

Tim Collins, chairman of the board for LEDA and Market Lubbock, said in the release that “The impact of cotton on the Lubbock economy is vital, and this continues to establish Lubbock as one of the major cotton centers of the U.S. and the world.”

LEDA has assisted 137 companies with their expansion or relocation to Lubbock. These companies have committed to creating 6,265 jobs and investing more than $503 million in new capital improvements that have resulted in more than $7.7 billion in cumulative economic impact to the Lubbock area.

St. Louis, MO-based Monsanto Company (NYSE:MON) is one of the world’s largest sustainable agriculture companies with more than 20,000 employees.

Swedish Spring Maker Selects Henry County, Virginia For First US Manufacturing Facility

Starsprings, a privately-held spring and spring-unit manufacturer based in Sweden, will establish its first U.S. manufacturing operation in Henry County, VA.

Virginia - Open for Business

Virginia – Open for Business (photo – paulhami/flickr)

Starsprings provides springs and spring units for many bed brands, chairs and sofas, and their products are also used in trucks like Volvo and Scania. Until now, their manufacturing was done in four plants.

One is located at Herrljunga in southern Sweden, which is also their headquarters. Two more are located at Curitiba and Aparecida de Goiania in Brazil, and the fourth one is in Poznan, Poland. The new Henry County plant in Virginia will supply mattress units used in long-distance trucking.

Supported by the Virginia Economic Development Partnership and the Martinsville-Henry County Economic Development Corporation, the company will invest $3.7 million and expects to create 68 new jobs in Henry County.

Governor Terry McAuliffe said in a release that “Starsprings is another international manufacturing business that has decided to establish operations in Virginia as a result of its assessment of our outstanding talent, infrastructure and great quality of life.”

Virginia successfully competed against North Carolina and Pennsylvania for the project. NilsEric Stjerna, CEO of Starsprings, explained that they chose Virginia to establish the new operation because “the strategic position will keep us close to our major customers, and we have received excellent support from Virginia Economic Development Partnership and the Martinsville-Henry County Economic Development Corporation during the entire evaluation period.”

VEDP and the EDC worked together to secure the project. The package of incentives that helped the company make their decision includes a $100,000 grant approved by Governor McAuliffe from the Governor’s Opportunity Fund to assist Henry County with the project.

The Virginia Tobacco Commission has furthermore approved $220,000 in Tobacco Region Opportunity Funds. The Port of Virginia is supporting the project through its Economic and Infrastructure Development Zone Grant program, and Starsprings will also be eligible for additional state incentives under the Virginia Enterprise Zone Program.

The company will also receive funding and support for employee training activities through the Virginia Jobs Investment Program.

John F. Reinhart, CEO and executive director of the Virginia Port Authority, noted that “Starsprings made a strategic decision to establish is first U.S. manufacturing operation in Virginia, and The Port of Virginia, among other factors, played a role in the final determination.”

Henry County Board of Supervisors Jim Adams added that “Henry County is thrilled to welcome Starsprings to the community. This is a terrific way to kick off 2016.”

ACCO Brands Reshoring Project to Create 34 Jobs in Booneville, Mississippi

Office products manufacturer ACCO Brands Corporation has announced plans to reshore certain front-office functions to its Booneville, MS facility.

ACCO Brands

ACCO Brands (photo – accobrands.com)

Supported by the Mississippi Development Authority, Prentiss County Development Association, Prentiss County and the City of Booneville, the company is investing $159,000 and will bring 34 jobs to Booneville from Manila, Philippines.

The jobs being reshored are front-office positions related to the management and processing of accounts receivable. The addition of these 34 jobs brings ACCO Brands’ total employment in Booneville to 613, continuing their consolidation of far-flung functions to the Booneville facility.

ACCO Brands’ previous major expansion in Booneville was in 2014, when the company announced a $1.6 million investment with the creation of 162 jobs in Booneville for new call center operations to help meet its customer service and internal sales needs.

Referring to this latest addition of another 34 jobs, Governor Phil Bryant said in a release that the reshoring of these positions from Manila to the U.S., specifically to Booneville, is great news for the local community and all of Prentiss County.

“I thank the ACCO Brands team for choosing to expand its workforce in Booneville and for once again placing its confidence in the state’s business climate,” added Gov. Bryant.

ACCO Brands Vice President Matt Kiesling explained that during the past two years, they have seen great success through partnerships with the state of Mississippi and the Prentiss County Development Association.

“Over the past few years, we’ve been able to add new jobs, incorporating additional skills and knowledge to our area, as well as expanding on greater job opportunities within the area. When the opportunity came for us to bring jobs back to the U.S., expanding our regional headquarters in Booneville was the place to go,” added Kiesling.

In order to secure the project, the Mississippi Development Authority (MDA) has approved a $150,000 grant to support building improvements. Prentiss County and the City of Booneville chipped in with local incentives for the project in the form of matching funds for the state grant.

MDA Executive Director Glenn McCullough, Jr. said in the release that “We salute our teammates at the city of Booneville, Prentiss County and the Prentiss County Development Association for their leadership with MDA, which assisted ACCO in bringing quality jobs back to the U.S., creating new career opportunities for Mississippians in Prentiss County.”

Lake Zurich, IL-based ACCO Brands Corporation (NYSE:ACCO) was founded in 2005 through the merger of ACCO World with General Binding Corporation. The company is now one of the world’s largest suppliers of branded school, office and consumer products and print finishing solutions. They design, market and sell products in more than 100 countries around the world.

New Jersey Approves $40M Economic Development Incentives For Fabuwood Cabinetry

At its latest meeting, the Board of the New Jersey Economic Development Authority approved Grow NJ tax credit awards for eight projects.

New Jersey

New Jersey (photo – Famartin/wikimedia)

Of the eight projects, four are manufacturing projects representing a private investment of $68.5 million, the expected creation of more than 600 new jobs, and the retention of more than 700 jobs at risk of leaving the State.

The biggest project of the lot is a consolidation of facilities by Fabuwood Cabinetry Corp. The company is consolidating three existing New Jersey locations into a single facility in Newark, in the process retaining 336 jobs that were at risk of being relocated out of the state to Staten Island, NY. As part of the consolidation and expansion plan, the company also expects to create 276 new full-time jobs.

The NJEDA Board has approved an estimated annual award of $3,996,000 for a 10-year term for Fabuwood Cabinetry, which means the company stands to get up to nearly $40 million in tax savings over this duration.

Another major manufacturing project approved to receive Grow NJ tax credits was Manhattan-based C2 Imaging, an integrated media graphics solutions company. C2 Imaging is considering Jersey City, NJ for a facility over an alternative location in Long Island City, NY. This project will bring 110 new manufacturing jobs to Jersey City. The estimated annual Grow NJ award is $1,155,000 for a 10-year term.

Linde North America LLC, a New Providence, NJ-based manufacturer and supplier of industrial, medical, and specialty gases, may likewise relocate to and create 150 new jobs in Bridgewater, NJ. This project also supports the retention of 450 jobs at risk of leaving the state for Fort Washington, PA. In order to secure this project, the EDA has approved an estimated annual award of $1,102,350 for a 10-year term.

The fourth manufacturing project that has been approved for a Grow NJ award is Showman Fabricators Inc., a manufacturer of scenery and specialty fabrications for Broadway, television, architectural projects, special events and museum and retail industries. The company is weighing whether to remain in its current Long Island City, NY location or relocate to a facility in Bayonne, NJ. This project, which will create 90 new jobs, has been approved for an estimated annual award of $877,500 for a 10-year term.

The four other projects that received approval for Grow NJ economic development incentive awards are Aralez Pharmaceuticals US, Inc.; FXDirectDealer, LLC; NYK Line (North America) Inc.; and Rainforest Distribution Corp.

Advanced under the New Jersey Economic Opportunity (EOA), Grow NJ is the state’s main job creation and retention incentive program.

New Jersey Economic Development Authority CEO Melissa Orsen said in a release announcing these incentive awards that these Board actions demonstrate “the effectiveness of the EOA in attracting businesses in industries such as manufacturing, that play a key role in creating good paying jobs and supporting a robust economy.”

Gov. McAuliffe Unveils Education and Workforce in a New Virginia Economy Legislative Package

A day before the 2016 Virginia General Assembly is convened, Governor Terry McAuliffe unveiled a series of legislative proposals that are aimed at improving public schools, enhancing the workforce system, and preparing students to be successful members of the new Virginia economy.

New Virginia Economy

New Virginia Economy (photo – virginia.gov)

The legislative proposals include several workforce components that pave the way for high-demand workforce credentials. One requires the development of a plan and a funding formula to support a $24.6 million budget proposal to increase the number of high-demand workforce credentials awarded each year.

The new legislation will also provide for progress reports to ensure that goals are being met. The proposals also aid Virginia economic development efforts by ensuring that state-supported industry certifications and licenses are aligned with business and industry needs so that more Virginians can access well-paying jobs.

Another proposal establishes a pilot project through the Department of Veterans Services that will enable former military medics and corpsmen with medical experience to use their skills in health care careers while earning civilian credentials.

“Getting every student the skills and training they need to succeed is an essential part of our efforts to build a new Virginia economy,” said Gov. McAuliffe while speaking at an event in Richmond to announce these legislative proposals. “By making smart investments in education, transforming our approach to high school education and strengthening our workforce training pipeline, we can create new opportunities for Virginia students and businesses to thrive.”

Virginia Secretary of Commerce and Trade Maurice Jones added that “Talent is the Commonwealth’s number one asset, and these bold initiatives will help ensure that we are preparing our talent for the opportunities of the 21st Century.”

The educational components in the legislative package includes requirements that the Virginia Board of Education establish new expectations for high school graduates and changes the way credits are earned for graduation. It puts a greater emphasis on hands-on learning, early college courses and industry credentials, while maintaining rigorous standards.

One proposal enables schools to hire current and retired industry experts as temporary or part-time career and technical education teachers. It will help to fill empty teaching positions while giving students the unique opportunity to gain critical CTE training from skilled professionals in high-demand industries.

Another one enables students to receive academic credit for previously-earned industry certifications when pursuing a community college degree. It will allow community college students to build on prior experience instead of having to repeat coursework.

A restructuring of financial aid is proposed so that the Virginia Guaranteed Assistance Program will provide enhanced awards for students enrolled in at least 30 credit hours of coursework over the course of the year, including summers. It extends eligibility for financial aid to young people who are not defined as dependents, such as foster children and homeless youth. It also incentivizes students to complete more credits over the course of a year and increases their chances of on-time graduation.

Virginia Secretary of Education Anne Holton noted that “The legislative proposals Governor McAuliffe outlined today will help our young people become successful members of the 21st century workforce.”

National Main Street Now Conference to Showcase Milwaukee, WI Community Development Successes

The 2016 Main Street Now conference is scheduled to be held May 23-25 in Milwaukee, WI. It is being organized in partnership by the National Main Street Center and the Wisconsin Economic Development Corporation (WEDC).

Main Street Now Conference

Photo – preservationnation.org

Main Street Now is the largest nationwide gathering of commercial district revitalization professionals in the United States. This year, the event is expected to draw more than 1,500 participants to Milwaukee, including Main Street directors, volunteers, architects, planners and consultants.

The conference will focus on challenges facing 21st century downtowns and commercial districts, while also tapping audience perspectives on community development opportunities. Attendees will learn about topics ranging from creating measurable economic impact to placemaking, the arts, and everything in between.

The conference agenda includes a range of educational sessions and two special training sessions. One of these is a one-day Main Street Preservation Short Course in which the National Park Service and the National Alliance of Preservation Commissions will show you how Main Streets can take advantage of their historic assets to drive community development.

The other one is a special pre-conference training for new Main Street Directors led by National Main Street Center staff and seasoned Main Streeters. This session will take a closer look at the value of the Main Street Approach, provide practical tips on being an effective and impactful leader, and discuss some of the common challenges new Directors face.

The Main Street Expo, to be held this year at the Wisconsin Center in Milwaukee, is the place to find information, products, and services that can take local revitalization efforts to the next level.

While Milwaukee will serve as the primary location for the conference, other area communities will also share the spotlight. WEDC has worked with the National Main Street Center to organize mobile workshops for attendees to Fond du Lac, Sheboygan, Ozaukee, Rock, Racine and Dane Counties, as well as several Milwaukee economic and community development successess.

WEDC Secretary and CEO Mark Hogan said in a release that “Being selected as a co-host of this prestigious Main Street event speaks to Wisconsin’s national leadership in developing and implementing strategies that create and sustain vibrant downtowns and commercial districts.”

Darrin Wasniewski, downtown development program manager with WEDC, added that “Wisconsin is widely recognized for its innovative approaches to encouraging social connections between community residents through well planned, maintained and programmed spaces.”

Early-bird registration for the Main Street Now conference runs through February 29, with a final registration deadline of May 19.

What: 2016 Main Street Now Conference

When: May 23-25, 2016

Where: Milwaukee, WI

GE Healthcare Relocates Headquarters to Chicago

GE Healthcare, an $18 billion unit of General Electric Company (NYSE: GE), announced that it will relocate its global headquarters to Chicago.

Chicago

Chicago (photo – Haydn Blackey/flickr)

GE Healthcare has until now been headquartered in Amersham, U.K., where it will continue to maintain its global Life Sciences head office and base for U.K. operations.

The company, which generated $14.85 billion in revenue in 2014, has more 46,000 employees serving healthcare professionals and their patients in more than 100 countries. GE Healthcare’s broad expertise covers medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services.

Company and city leaders stressed Chicago’s transportation infrastructure as one of the key considerations behind the decision to locate the global headquarters in Chicago. The relocation, effective early this year, enables the company’s executive leadership team to be closer to operations in Chicago and Milwaukee, while remaining near an international transportation hub.

John Flannery, President and CEO of GE Healthcare, said in a release that they are excited to strengthen GE’s roots in Chicago, where they will continue their focus on being the leading provider of outcome based solutions for the healthcare industry.

“Chicago has a rich industrial heritage,terrific international transportation lines and is close to some of the world’s leading healthcare and academic institutions. It is also ideally located for many of GE Healthcare’s operations,” added Flannery.

Chicago Mayor Rahm Emanuel likewise noted in the release that in relocating, GE Healthcare sees several fundamental strengths in Chicago  – from the city’s talent to its transportation – that will help them build a great future and remain on the industry’s cutting edge.

“GE Healthcare’s decision to relocate its global headquarters here is another example of Chicago’s growing strength in healthcare and innovation, and another vote of confdence in Chicago’s economic future,” added Mayor Emanuel.

Illinois Governor Bruce Rauner said in the release that “The relocation of GE Healthcare’s global headquarters to Chicago is a tremendous win for the state of Illinois.”

Gov. Rauner noted that GE Healthcare will help grow Illinois and Chicago economic development by investing in the state’s communities and building Chicago’s reputation as a global business hub. “GE Healthcare joins a preeminent sciences industry in Illinois and I am happy to welcome them to their new home,” added Gov. Rauner.

Automotive Economic Development Success in the Spotlight at NAIAS

Many states and regions are hoping to use the large attendance and media attention at the North American International Auto Show (NAIAS) currently underway at the Cobo Convention Center in Detroit to showcase their own automotive industry.

NAIAS

NAIAS (photo – GillyBerlin/flickr)

For starters, Macomb County, MI is touting itself as the home of the “Big Three” that employ more than 35,000 individuals, operating 10 facilities within the county totaling more than 25 million square feet.

Overall, the Macomb County automotive industry is made up of nearly 500 companies that employ more than 44,000 individuals.

Surging vehicle sales and the resultant plant expansions have been driving Macomb County economic development, pushing the county up to third place in the U.S. for manufacturing job growth. Since 2010, the auto industry has invested more than $5.3 billion dollars in Macomb County through 109 separate investments greater than $1 million.

Macomb County Executive Mark A. Hackel said in a release that “Our steadfast commitment to Macomb County’s automotive and advanced manufacturing base is fueling sustainable economic growth.”

Apart from the impact of the automotive industry’s manufacturing growth, Metro Detroit and Michigan also benefit from the economic impact of large-scale events such as NAIAS, which is one of the largest automotive trade shows in the world, with more than 35,000 industry professionals and analysts from 2,000 companies around the world expected to attend.

All told, the event and its 800,000 attendees are expected to generate over $400 million for the local economy. Not to mention the global visibility and flood of media attention generated by the more than 5,000 credentialed journalists from over 60 countries who are in the region to cover NAIAS.

Meanwhile, the Indiana Economic Development Corporation (IEDC) will showcase the state’s automotive industry at NAIAS.  On Wednesday, Indiana Secretary of Commerce Victor Smith will address industry leaders, elected officials and executives from top automotive companies, including Fiat Chrysler Automobiles, Ford, General Motors, Honda and Toyota, to share Indiana’s story as a state that works for business and for the automotive industry.

Indiana is home to more than 500 automotive companies, including five OEM assembly plants, which together support more than 100,000 Hoosier jobs. Indiana ranks third in the United States for car and truck production, with more than 5.1 million vehicles produced in the state since 2010. In the last five years, IEDC has announced more than $7 billion in investments in the state’s transportation equipment manufacturing industry.

Sec. Smith said in a release that “Home to the iconic Indianapolis 500, Indiana has a rich history of auto racing and automotive innovation. That legacy has played an integral role in shaping today’s Hoosier economy and has led to a booming automotive industry in Indiana, which today contributes more than $15 billion to our economy each year.”

In Alabama, the Economic Development Partnership of Alabama (EDPA) took the opportunity to release data about the state’s 2015 auto production. Alabama’s three global automakers combined to produce more than 1 million vehicles in 2015, pushing Alabama into the big leagues of auto production for the first time. Specifically, Mercedes-Benz, Honda and Hyundai produced a total of at least 1,033,095 vehicles last year.

Governor Robert Bentley said in a release that “Since Mercedes invested in Alabama over 20 years ago, Alabama has been successful at producing automobiles, with 2015 being our best year yet. I am confident that 2016 will be an even better year as automobile manufacturers proudly produce vehicles ‘Made in Alabama’ and sell them around the world.”

Alabama is now the fifth largest auto producing state, and employment in the sector is approaching 40,000. Vehicles and parts have become the state’s top export category, reaching $6.6 billion in 2014. New auto-related investment in the sector during the past four years tops $5.5 billion.

California Superior Court Judge Overturns CA Competes Consultant Fee Restrictions

In a ruling that could have a significant impact on economic development programs across the map, California Superior Court Judge Timothy M. Frawley has overturned state limitations on fees paid to consultants for helping companies secure California economic development incentives through the CA Competes Tax Credit Program.

Ryan vs Go-Biz

Photo – saccourt.ca.gov

The case (Ryan, LLC vs. Governor’s Office of Business and Economic Development; Case No: 34-2014-00167988) was filed in 2014 by Dallas, TX-based global tax services firm Ryan in the Superior Court of California, Sacramento.

The California Competes Tax Credit Program is part of the Governor’s Economic Development Initiative (GEDI), signed into law in 2013. From the Program’s outset, GO-Biz has required businesses to disclose in their applications information about their use of consultants and attorneys, the fees that are paid to them, and whether the fees were success-based.

In Aug 2014, GO-Biz imposed an amended regulation on the program to limit contingent fee arrangements between applicants and their consultants, giving the agency the authority to disqualify an applicant on the basis of its fee arrangements. Dallas, TX-based global tax services firm Ryan immediately filed suit in the Sacramento Superior Court to challenge the amended regulation, claiming that it violated Federal and State Constitutional provisions.

Ruling in favor of the plaintiff, Judge Frawley stated that the “cost of a consultant’s services is a matter between the taxpayer and the consultant” and found that the state had failed to show any link between these costs and the economic development goals of the Program.

The Judge wrote in his ruling that the ban on performance fee arrangements “does nothing to stimulate ‘new employment’ or ‘economic growth,’ and does nothing to encourage businesses to invest in California.”

On the contrary, Judge Frawley ruled that “The only thing the ban is likely to accomplish is [to] discourage businesses with contingent fee arrangements from participating in the California Competes tax credit program. This is inconsistent with the statutory goal of encouraging applications so that California can choose the projects that provide the most ‘bounce for the ounce.'”

Since 2014, GO-Biz has awarded $223 million through the California Competes Tax Credit Program to 330 companies projected to create over 42,000 jobs and $9.6 billion in investments. Applications are now being accepted until January 25 for the next round of $75 million in tax credits. The next round after that will be open from March 7-28, and will allocate $50.9 million plus any remaining unallocated amounts from the previous application periods.

Businesses of all sizes are encouraged to apply for tax credits which are available to companies that are expanding and adding jobs in California. The online application is available at www.calcompetes.ca.gov, and GO-Biz is hosting free webinars to help businesses interested in applying for the California Competes Tax Credit.

Crown Holdings Picks Tioga County, NY For First New US Manufacturing Facility in 20 Years

Global metal packaging giant Crown Holdings, Inc. has announced the selection of the Tioga County Industrial Park in the Town of Nichols, NY for its first new manufacturing facility in the United States in more than 20 years.

Crown Packaging

Crown Packaging (photo – crowncork.com)

Supported by a bevy of state and local entities including the Tioga County IDA and New York economic development agency Empire State Development, the company will make an investment of $132.8 million to build the new two-line beverage can manufacturing facility.

Crown Holdings expects to create at least 164 direct new jobs for Tioga County and the Southern Tier over the next two years. The company already has 149 plants located in 40 countries, and employs approximately 23,000 people.

Governor Andrew M. Cuomo said in a release that “This new facility will create good-paying jobs in the Southern Tier and will help move the region forward.”

Philadelphia, PA-based Crown Holdings, Inc. (NYSE:CCK) was founded in 1892 and is now a leading manufacturer of a wide range of 100 percent recyclable metal packaging for food, beverage, household and personal care and industrial products and metal vacuum closures and caps.

The new Tioga County facility will increase the company’s current production capacity for specialty beverage cans, allowing them to better service strategic North American markets. Crown Holdings chose the Tioga County Industrial Park after a site selection process that considered sites in several states. They made it clear that incentives offered by the respective states were key to their considerations during this process.

Djalma Novaes, president of Crown’s Americas Division, said in the release that “We are very excited to be able to further expand the company’s operations in the northeast United States, and we are pleased to be working closely in partnership with New York’s Empire State Development, Tioga County, the Town of Nichols and NYSEG to establish this best-in-class facility.”

The package of New York State and Tioga economic development incentives offered to secure this project includes:

– $8.1 million in Excelsior Jobs Program tax credits from ESD;

– Capital grant of up to $6.9 million from ESD;

– Economic development Energy Infrastructure Grant from New York State Electric & Gas Corporation (NYSEG); and

– Tax benefits through a PILOT agreement with the Tioga County IDA.

Martha Sauerbrey, Chair, Tioga County Legislature, pointed out that “There has been a great deal of support from both the State and Local level to make this project work and it’s a testament to the fact that when people work together, great things can happen!”

Apart from the benefits of the large investment and jobs being created, Crown’s presence in New York also provides the potential for further development in the Southern Tier.

Senator Fred Akshar noted that “I hope this move will serve as a catalyst for even more economic development and job creation in our region and I will continue to work with the Governor to make sure that it does.”

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