Job Creation

GE Aviation to Invest $200M in Huntsville, Alabama to Build Two SiC Materials Factories

GE Aviation announced plans to establish two adjacent factories in Huntsville, AL for producing silicon carbide (SiC) materials needed to manufacture ceramic matrix composite components (CMCs) used for jet engines and land-based gas turbines.

The Huntsville economic development benefits from the two factories combined will include a $200 million investment and the creation of up to 300 direct new jobs by the time the factories are operational.

Video – GE Aviation

Governor Robert Bentley said in a release that “We are honored that GE Aviation has chosen Huntsville for an advanced technology manufacturing operation to produce silicon carbide materials for commercial and military engines.”

One of the plants will produce silicon carbide (SiC) ceramic fiber, the first such operation in the United States on an industrial scale. This project is supported by $21.9 million federal funding from the U.S. Air Force Research Lab Title III Office.

The SiC ceramic fiber produced will be lightweight and heat-resistant, capable of withstanding temperatures of 2400F. Once the Huntsville plant is operational, it will sell fiber not only to GE businesses, but also to the U.S. Department of Defense, SAFRAN, and other customers.

The adjacent plant will use this SiC ceramic fiber to produce the unidirectional CMC tape. The ceramic tape will be used by GE Aviation at its new CMC manufacturing site in Asheville, NC which fabricates CMC shrouds for the LEAP engine’s high-pressure turbine section.

The fuel-efficient LEAP engine being developed by GE Aviation and partner Snecma (SAFRAN) has 18 CMC turbine shrouds. The engine will be used on aircraft including the Boeing 737 Max and the Airbus 320neo. The latter will be produced at the $600 million Airbus Alabama manufacturing facility.

This is what makes GE’s two new factories such a gamechanger for Huntsville and Alabama economic development. It is going to be a vital piece of the future of the state’s aviation and aerospace manufacturing supply chain.

Sanjay Correa, vice president, CMC Program at GE Aviation, said in the release that “Establishing the new GE factories in Alabama is a very significant step in developing the supply chain we need in order to produce CMC components in large volume.”

Also, this $200 million investment will support GE Aviation’s recent $100 million investment in Alabama to build a 300,000-square-foot factory in Auburn, near the Auburn University campus. That facility is manufacturing jet engine components, and has the world’s highest-volume additive manufacturing center.

The Auburn facility will produce a fuel nozzle using additive manufacturing, the first time such a complex jet engine component will be manufactured using additive technology. The raw materials for the nozzles will come from the new Huntsville operations.

Huntsville Mayor Tommy Battle added that “The products that will be manufactured here represent the future of aerospace. We are proud that Huntsville will help GE change we travel through the skies.”

Pueblo, CO Approves Economic Development Incentives For CBD Biosciences Hemp Project

The City Council of Pueblo, CO has approved a package of economic development incentives and agreements to facilitate a proposed hemp oil manufacturing plant by CBD Biosciences, LLC.


Hemp (photo – Kríttikl Kápchər/flickr)

The company plans to invest $5,240,000 in the project, supported by a $4.89 million Pueblo economic development grant for purchase of manufacturing equipment.

Another $3 million approved by the City Council will go to the Pueblo Development Foundation (PDF), to be used for remodeling and renovating the former Boeing building that CBD Biosciences will occupy in the Pueblo Memorial Airport Industrial Park.

Apart from the 163 new jobs with average wages and benefits totaling nearly $52,000 that the project will bring to the City and County of Pueblo and the region, another big positive is that local officials have finally managed to put to productive use the 193,000-square-foot former Boeing site that has been vacant since Boeing’s rocket plant was shut down in 2004.

The CBD project saves the City a significant sum in projected future maintenance expenses for the building. Also, the sale of the former Boeing Building will fully reimburse the half-cent sales tax fund for its prior investment in the Building and will allow excess sales proceeds to be deposited in the City’s general fund.

Not to mention the fact that the recruitment of an hemp oil production facility fits in with the priorities of the Pueblo Economic Development Corp. (PEDCO), which has identified hemp as one of its three target industry clusters, along with aerospace and rail.

CBD Biosciences, a joint venture between Thar Process Inc. and O.penVape, plans to establish the new facility to process hemp plants and produce hemp oil.

The Boeing building in question is currently owned by the City, and will be transferred to the PDF. As per the proposal recommended by the PEDCO and approved by the City Council, the company will sign a lease/purchase agreement with PDF for the building under which it pays no rent for the first eight months, and then $40,000 per month for months 9-14, and $80,000 per month subsequently for months 15-120.

The company will have the option to purchase the building for $7,850,000 (the City’s investment of the half cent sales tax funds in the building) plus $150,000 at the end of years three, seven and ten of the lease agreement.

CBD Biosciences will also be eligible for additional state incentives under the Enterprise Zone program. For its part, the company has agreed to create jobs as per a three-year ramp-up schedule, and will hire 163 full-time employees with an average annual salary of at least $41,590 without benefits, and $51,998 with benefits, for a minimum of seven years.

The CBD Biosciences hemp manufacturing project in Pueblo is scheduled to be officially announced later this week by city officials and the company.

Delaware Incentives For J.P. Morgan Chase Expansion Will Benefit Entire Region

J.P. Morgan Chase & Co. has announced an expansion of its operations in Delaware that includes hundreds of millions of dollars in capital investments and the addition of 1,800 new jobs by 2019.

J.P. Morgan Chase

Photo – epicharmus/flickr

Supported by a package of Delaware economic development incentives, the 1,800 jobs that J.P. Morgan Chase plans to create represents the largest single company jobs expansion in Delaware since 1999, when Astra Zeneca moved its U.S. headquarters to the state.

The new jobs will also make J.P. Morgan Chase the state’s second largest private employer, with nearly 10,000 employees. It also means that the number of people employed by Delaware’s financial sector will be at its highest level in history. The sector is already growing at a fast 10 percent, having added 4,300 new jobs in the state over the last five years.

Governor Jack Markell and company leaders made the announcement at JPMC’s new Delaware Technology Center. In a release announcing the expansion, Gov. Markell said that “J.P. Morgan Chase has a distinguished history of financial leadership and innovation in this state and in this country, and we are proud that, with so many options, the company chose to invest for its future in Delaware.”

In order to secure the project and support J.P. Morgan Chase’s job creation plans, the Delaware Economic Development Office (DEDO) has put together an attractive package of incentives for the company. This includes a three percent of the firm’s capital expenses, up to $3 million annually for three years.

JPMC will additionally get up to $500,000 annually for three years to support workforce training. The Delaware Transit Corporation is also committing $1 million annually for three years. This funding will support enhanced regional transportation options, including more frequent train service between Wilmington and Philadelphia. This will benefit not just JPMC, but employers throughout the region.

Bill Wallace, J.P. Morgan Chase Chief Administrative Officer for Delaware, said in the release that they never could have accomplished this without the support and positive climate that the state, federal, and local officials consistently provide to the industry and, more importantly, to their employees and their families.

“This is especially true when it comes to Delaware’s Economic Development Office, which continues to show forward and positive thinking,” added Wallace.

DEDO Director Bernice Whaley noted that the jobs that J.P. Morgan Chase is announcing are exactly the kind of growth that they want to see in Delaware. “Today’s expansion means not only 1,800 good jobs at JP Morgan Chase, but thousands of jobs at small businesses throughout New Castle County and Delaware that will benefit from the construction and economic expansion that continues today,” added Whaley.

Allegient Expanding Headquarters in Carmel, Indiana

Business and technology consulting firm Allegient LLC has announced plans to expand its headquarters in Carmel, IN.


Allegient (photo –

Supported by state tax credits and training grants and Carmel economic development incentives, the company will invest $1.3 million to expand its operations and renovate and equip unused office space to accommodate growth.

This planned growth includes the creation of up to 69 new high-wage jobs by 2018 with average wages that will be double the average wage in the state. The company already employs 167 full-time associates in Indiana and nearly 240 nationally, including at an office in Chicago.

Also, a dozen of the new hires will be college graduates chosen to participate in Allegient’s New College Grad Training program. Allegient helps retain talent within the state by actively seeking out and hiring graduates from Indiana-based colleges and universities.

Governor Mike Pence said in a release that “Tech firms like Allegient are expanding and succeeding thanks to Indiana’s pro-growth business environment and the confidence that our top universities are training the next generation of professionals to fill new jobs.”

The region is also likely to benefit from the company’s future growth plans. Founded in 2001, Indianapolis-based Allegient has been named one of Inc. 5000’s fastest growing companies for the past four years.

Gregg Gallant, president of Allegient, said in the release that “Looking forward, our vision is to double in size in the next 3-5 years by leveraging the explosion in demand for services in the analytics and big data space.”

This new investment by Allegient builds on earlier expansions announced by the company in 2011 and 2013. In 2011, the company announced an investment of $1.7 million and the addition of 42 jobs, followed by an investment of $225,000 in 2013 with the addition of 36 more jobs.

For this latest expansion, the Indiana Economic Development Corporation has offered Allegient up to $1,025,000 in performance-based tax credits, along with up to $200,000 in training grants based on the company’s job creation plans.

The City of Carmel has additionally approved local incentives for the project. Carmel Mayor Jim Brainard said in the release that this is great news for Carmel, which continues to lead the way in attracting high-wage jobs and the best and brightest workforce.

“This announcement is more evidence that what we are doing is working – not just for us but for our employers. We look forward to sharing in this exciting expansion,” added Mayor Brainard.

Monroe County, Alabama Gets $110M Georgia-Pacific Investment

Georgia-Pacific, one of the world’s largest manufacturers of paper and pulp products, has announced a $110 million investment at its Alabama River Cellulose mill in Monroe County, AL.


Georgia-Pacific (photo -Billy Hathorn/wikimedia)

Apart from the $110 million investment, the project will ensure that ARC continues to be a key driver of Monroe County economic development through an estimated $200 million contribution to the local economy through payroll, direct purchases and taxes.

The facility supports more than 440 direct jobs with annual compensation and benefits exceeding $55 million.

Jim Hannan, CEO and president of Georgia-Pacific, said that “This reflects our company’s strong commitment to our cellulose business, to the global competitiveness of skilled Georgia-Pacific employees, to the states that understand the value we create and to the support of the communities where we operate.”

An economic impact study conducted by Auburn University showed that ARC operations in Monroe County support 1,001 indirect full- and part-time workers employed by ARC suppliers, and another 367 full- and part-time induced jobs in the local economy. In total, the pulp production at ARC is associated with 1,804 jobs in the county.

Statewide, Georgia-Pacific has eight facilities in Alabama that employ over 2,400 people. All told, Atlanta-based Georgia-Pacific and its subsidiaries employ approximately 35,000 people across over 300 locations in the Americas and Europe. These operations support the creation of nearly 92,000 indirect jobs.

Governor Robert Bentley said in a release that “The company’s investment at Alabama River Cellulose is an important future economic boost to Monroe County. I look forward to a continued partnership with Georgia-Pacific, and I appreciate the company’s significant investment in Alabama.”

The ARC facility in Monroe County has two wood yards that together process over 4.5 million tons of wood annually, making the facility one of the largest wood consumers in North America. This latest $110 million, which adds to the more than $2.2 billion invested by Georgia-Pacific in Alabama over the last 10 years, will replace one of the wood yards, upgrade the other one, and upgrade one of the mill’s machines that produce pulp.

Tim McIlwain, vice president of operations at Alabama River Cellulose, noted that “Our Alabama River Cellulose team is proud of our company’s ongoing investments in our facility and the faith in our team to complete these investments and better serve our customers.”

Work on the project is scheduled to begin early next year, and is expected to create 65 jobs daily for 18 months while the construction work is completed.

Waco McLennan County Economic Development Incentives For Sherwin-Williams Project

The Sherwin-Williams Company is relocating and expanding its distribution center in Waco, TX to a new facility.

Sherwin Williams

Sherwin Williams (photo -M.O. Stevens/wikimedia)

Supported by McLennan County and City of Waco economic development incentives, the company is planning to invest $38 million to build a new 600,000-square-foot facility on a 48.98-acre site on Concord Avenue in the Waco International Aviation Park.

The company’s investment includes $32,000,000 in real property improvements, and another $6,000,000 in personal property improvements.

The relocation and expansion project will enable Sherwin-Williams to retain 264 high quality full-time jobs with benefits at the new facility. The company’s operations and spending also have quite a large ripple effect on the local economy.

The Sherwin-Williams Company (NYSE: SHW) was founded in 1866, and is now a Fortune 500 company headquartered in Cleveland, OH. The company’s core business is the manufacture, distribution and sale of coatings and related products.

Sherwin-Williams considered several cities for the project before deciding to stay put in Waco and expand to a new location. One of the key deciding factors was the approval of a large package of incentives totaling $4 million that is under consideration by the Waco City Council and McLennan County Commissioners.

The Waco City Council has approved two resolutions related to the project. One authorizes a tax abatement agreement between the City of Waco and The Sherwin-Williams Company. The other one approves an agreement between the Waco McLennan County Economic Development Corporation and The Sherwin-Williams Company.

The latter agreement provides for up to $4,000,000 in incentives, of which $2,000,000 will be provided by the City of Waco. The resolution authorizes the City Manager to execute all the necessary documents in connection with the project.

The McLennan County Commissioners are scheduled to consider a similar resolution early next month, approving the county’s share of the incentives for the Sherwin-Williams distribution center project.

Apart from the incentives for Sherwin-Williams, the Waco City Council also approved resolutions to support a relocation project by Balcones Distilling, LLC. The resolutions authorize the amendment of a tax abatement and allow the Waco McLennan County Economic Development Corporation to enter into an agreement providing $300,000 in incentives.

The City of Waco will provide $150,000 of the incentives, which will support the company with the costs of relocating and expanding their manufacturing operations in Waco.

Balcones Distilling is making an investment of $6,500,000 in real property improvements, and an estimated $6,050,000 in personal property improvements. The project is expected to result in the creation of 12 new full-time jobs with benefits, and the retention of 13 full time jobs with benefits.

St. Louis Talent Pool, Central Location Attracts KPMG Technology Team With 175 Jobs to Missouri

Big Four audit, tax and advisory firm KPMG LLP plans to add 175 information technology jobs in the City of St. Louis, MO over the next three years.


KPMG (photo – ell brown/flickr)

In addition to state incentives and support from local officials, the project also received assistance from the St. Louis Regional Chamber and St. Louis Economic Development Partnership.

The expansion and new jobs will bring the number of KPMG jobs in St. Louis to 445. The company also has an office in Kansas City, MO.

Karen Vangyia, KPMG’s St. Louis managing partner, said in a release that from all aspects, St. Louis made the most sense for their firm. “Our firm recognized the strengths that St. Louis offers in terms of a strong talent pool, and city and state officials welcomed us with open arms,” added Vangyia.

Harry Moseley, KPMG’s chief information officer, likewise noted that St. Louis was an ideal location to expand their technology team and provides the geographic benefit of being in the central U.S. so that these new hires can support KPMG professionals across multiple time zones.

KPMG LLP is part of KPMG International, a global network of 162,000 professionals that includes 9,000 partners, operating in 155 countries. The company, whose global headquarters is located in Amsterdam, The Netherlands, generated $24.8 billion in revenue last year.

The Missouri Dept. of Economic Development has offered KPMG a strategic incentive package tied to the company’s job creation plans. Governor Jay Nixon said in the release that “Here in St. Louis, one of the fastest growing tech hubs in the nation, KPMG has access to a highly-educated workforce with the skills and knowledge they need to compete.”

St. Louis Mayor Francis G. Slay said in a release that “KPMG has been an important part of our local business community for over a century, and its decision to add tech jobs here reinforces our reputation as a technology hub.”

KPMG first opened its St. Louis office in 1911, and now provides audit, tax and advisory services to many of the largest and best-known organizations in the region. Local business development organizations including the St. Louis Regional Chamber and the St. Louis Economic Development Partnership assisted with the company’s expansion.

St. Louis Regional Chamber President and Chief Executive Officer Joe Reagan added that “KPMG sets the standard for innovation and we couldn’t be more proud and pleased to have played a role in their decision to expand here in St. Louis.”

Alcoa, Tennessee Lands $533M Advanced Munitions International Global HQ and Manufacturing Project

Advanced Munitions International has announced the selection of Alcoa, TN as the location for their new global headquarters and state-of-the-art munitions manufacturing facility.

Blount County economic development

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The company will invest $553 million into the project for building a new campus on a 235-acre site in Alcoa’s Partnership Park for its manufacturing, distribution and R&D operations.

AMI expects to create 605 new jobs for Alcoa and Blount County. AMI is known for its HPR Ammunition brand. The company supplies ammunition to the military, law enforcement and civilian markets.

Governor Bill Haslam, who made the announcement at an event in Maryville, said in the release that “I want to thank AMI for their substantial investment in Tennessee and for the more than 600 jobs they will create in Blount County.”

Jim Antich, AMI founder and executive chairman, said in the release that when they looked nationally for a site to build this facility, Tennessee stood out as a place with leaders that understand and support strong business growth.

AMI cited the proximity and resources of the Oak Ridge National Laboratory as a deciding factor. “Having a resource like ORNL nearby also attracted us to Tennessee and Blount County,” added Antich.

Jeff Smith, deputy director for operations at ORNL, noted that AMI officials visited the lab during the recruitment process, and said they are excited that the company has chosen to call East Tennessee home.

Tennessee Economic and Community Development Commissioner Randy Boyd added that “Tennessee has a long history of manufacturing excellence that fits perfectly with AMI’s needs. I want to thank AMI for choosing Tennessee and for the jobs they will create.”

Local leaders also praised AMI’s decision to locate in Alcoa, and echoed expectations of a long-term working relationship. Blount County Mayor Ed Mitchell said in the release that this is a great opportunity for Blount County and AMI to begin a mutual partnership, and added that he looks forward to a great relationship for many years with AMI.

Alcoa City Mayor Don Mull likewise cited the collaborative efforts of the state of Tennessee, the city of Alcoa, and Blount County economic development groups including the Blount Partnership and others, which he said has once again produced a win – win environment for their regional community.

“This announcement speaks volumes in support of our efforts at local cooperative processes,” added Mayor Mull.

Blount County Industrial Development Board Chair Fred Lawson focused on the accumulation of economic development announcements they have made this year. “We welcome AMI to Blount County and celebrate the fact that this announcement brings our jobs and capital investment total this year to 1720 and $982 million, respectively,” said Lawson.

The Advanced Munitions International project follows on the heels of other major projects announced this year in the county including by DENSO, ProNova and Cirrus Aircraft.

AMI expects to break ground on the project this spring, and will open the facility in the last quarter of 2018.

Kentucky Economic Development Incentives Support VonLehman Headquarters Relocation to Fort Wright

VonLehman & Company, Inc., a leading regional CPA and business advisory firm with offices in Northern Kentucky, Cincinnati, and Indianapolis, announced the selection of Fort Wright, KY as the location of their new and expanded headquarters operations.

VonLehman, Fort Wright, KY

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Supported by tax incentives approved by the Kentucky Economic Development Finance Authority, the company will invest $3 million to build a new 56,000-square-foot state-of-the-art Class A office building at the Wright’s Summit Office Complex in Fort Wright.

As part of the headquarters relocation and expansion, the company plans to create 20 new jobs. VonLehman currently employs 56 Kentucky residents and has a total of 110 employees in the tri-state region. They will be relocating operations to Fort Wright from their existing headquarters in Fort Mitchell, KY and will continue to operate offices in Cincinnati and Indianapolis.

Brian Malthouse, president of VonLehman, said in a release that “The location of our new office – just off I-75/71 three miles from downtown Cincinnati – will be convenient to both our clients and our employees.”

VonLehman had outgrown its Fort Mitchell office space, and the firm conducted an internal market study which found that Wright’s Summit in Fort Wright offered them many advantages.

“We looked at a number of different options, but in the end, we determined that the Wright’s Summit office development in Fort Wright was the most suitable location and offered the best office solution for our clients’ and employees’ needs,” added Malthouse.

Fort Wright Mayor Dave Hatter noted that they’ve learned that the company was drawn to Fort Wright for “many of the same reasons other businesses and residents locate here: we are a community close to urban amenities but one that maintains the charm and feel of a small town.”

In order to secure the project, KEDFA preliminarily approved the company for up to $300,000 in performance-based tax incentives under the Kentucky Business Investment program. VonLehman is also eligible to receive workforce training and recruitment support from the Kentucky Skills Network.

Governor Steve Beshear noted that “Northern Kentucky continues to attract and retain great businesses. VonLehman is among 56 companies that have announced new locations and expansions this year that will bring over 2,700 jobs to the region.”

This includes four companies that have announced a location or expansion of their corporate headquarters in northern Kentucky this year, which brings the total number of corporate headquarters in the region to 365.

State Rep. Diane St. Onge, of Lakeside Park, said in the release that “Von Lehman’s investment and continued growth in northern Kentucky is an affirmation of this region’s fertile ground for economic development and growth.”

Boone County Judge-Executive Gary Moore, who also serves as board chair of Northern Kentucky Tri-County Economic Development Corp., added that “We are encouraged by the activity we’re seeing in the office and headquarters sector, which is a primary target industry for Northern Kentucky Tri-ED.”

Regeneron’s $350M Investment Supports Limerick Economic Development Plans

Tarrytown, NY-based Regeneron Pharmaceuticals has announced plans for a $350 million investment at its Limerick Industrial Operations and Product Supply (IOPS) bioprocessing campus in Limerick, Ireland.

The company plans to create another 200 new jobs, bringing its total expected job creation in the Limerick area to 500 jobs and the total investment to $650 million by the end of 2017.


Regeneron (photo –

The campus is located at the former Dell facility in the Raheen Business Park in Limerick, which had been vacant since 2009. The 400,000 square-foot, state-of-the-art biologics production facility is now operational with the first production line on track to enter validation before year end.

With approximately 300 full-time employees, 200 contingent workers and 550 construction workers in place, the company now plans to hire full-time, high-end specialist jobs in commercial manufacturing, process sciences, quality assurance and control, and various support functions for scientists, chemists and technicians.

The Limerick City and County Council welcomed Regeneron’s announcement as good news for Limerick economic development and representative of the confidence among investors in committing to their future operations in Limerick and the surrounding region.

Mayor of the City and County of Limerick, Cllr. Liam Galvin, said in a release that Regeneron’s operation at Raheen Business Park has breathed new life into the former Dell facilities, and is creating significant employment in the local construction sector. At peak, 1,200 contractors were working onsite to support the development of the campus.

“Regeneron’s commitment to Limerick has sent a clear message out to other potential investors that Limerick is an attractive location for investment,” added the Mayor.

Conn Murray, Chief Executive of Limerick City and County Council, added that the Council is delighted to have worked with IDA Ireland and others to ensure the right environment has been created to encourage and enable Regeneron to further expand its operation here.

Leonard S. Schleifer, M.D., Ph.D., President and Chief Executive Officer of Regeneron, said in a release issued by the company that “The Limerick facility will play an essential role in ensuring Regeneron delivers on our mission to consistently and repeatedly bring new medicines to patients with serious diseases.”

Dan Van Plew, Senior Vice President and General Manager of IOPS at Regeneron, explained that the decision to create 200 new full-time roles and invest an additional $350 million in Limerick was an easy one to make because of their hiring and trades experiences over the last two years.

Ireland Minister for Jobs, Enterprise and Innovation Richard Bruton TD said in the release that “A key part of our Action Plan for Jobs has been attracting companies into Ireland through the IDA’s work and ensuring that every region in the country benefits from job creation.”

Martin Shanahan, CEO of Ireland economic development agency IDA Ireland, added that “This $350 million investment announcement from Regeneron is a huge boost for the Mid-West Region. Biopharma is thriving as an industry in Ireland right now, and Regeneron is a prime example of this.”

Regeneron has also become a major supporter of Upstate New York economic development and community initiatives. Headquartered in Tarrytown, New York, Regeneron Pharmaceuticals, Inc., (NASDAQ:REGN) was founded in 1988, opened its first labs in Tarrytown in 1989, went public on the NASDAQ in 1991, and acquired a manufacturing facility in Rensselaer, NY in 1993. The company also supports an initiative for STEM education in the Hudson Valley region.

The company teamed up with Sanofi in 2012 to develop a new cholesterol drug, followed by a new global immuno-oncology collaboration this year that could bring over $2 billion for Regeneron.

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