Job Creation

Boehringer Ingelheim Vetmedica to Invest $110M at Iowa Facilities in Ames and Fort Dodge

Boehringer Ingelheim Vetmedica, Inc. announced plans for more than $110 million in capital investments over the next four years at its Iowa facilities in Fort Dodge and Ames.

Boehringer Ingelheim Vetmedica

Boehringer Ingelheim (photo – bi-vetmedica.com)

St. Joseph, MO-based BIVI, which has a portfolio of vaccines and pharmaceutical solutions for combating disease in the swine, cattle, equine and pet markets, is the U.S. division of Boehringer Ingelheim Animal Health GmbH.

Both are a part of Ingelheim, Germany-based Boehringer Ingelheim group. The global company operates with 142 affiliates and more than 47,400 employees around the world.

BIVI will modernize its Fort Dodge operations and expand capacity. The expansion also includes the construction of a new Veterinary Research Center at the facility in Fort Dodge.

In Ames, BIVI’s expansion includes a 52,088-square-foot facility at the ISU Research Park. The larger Ames facility will help the company expand its efforts aimed at their five target species markets while continuing research on other diseases with unmet therapeutic needs.

Iowa Governor Terry Branstad said in the release announcing the investments that BIVI has been a great Iowa partner. The Governor added that during a recent investment mission in Europe, they had an opportunity to talk with BIVI about expanding its presence in Iowa, and that has now come to fruition.

BIVI was approved to receive tax credits for both projects at the Iowa Economic Development Authority board meeting held last week. The projects also received local support from Fort Dodge and Ames economic development entities.

Albrecht Kissel, president and CEO of Boehringer Ingelheim Vetmedica, Inc., said in the release that they are grateful for the support they received from the State of Iowa, the City of Ames and City of Fort Dodge.

Fort Dodge Mayor Matt Bemrich likewise said that he wants to thank the Iowa Economic Development Authority, IEDA Director Durham and her staff for the hard work and coordination of the project. Mayor Bemrich added that he also wants to acknowledge the Governor’s trip to the Boehringer Ingelheim headquarters in Germany, which he said was extremely important in terms of building a strong relationship with companies that invest in the state.

Dan Culhane, president and CEO of the Ames Economic Development Commission, said they could not be happier with the significance of this commitment by Boehringer Ingelheim Vetmedica, and added that it was a terrific project for Ames and the Iowa State University Research Park.

Harbor Sound to Build Largest Mixing Studio in New York City

Harbor Sound, the sound post division of Harbor Picture Company, announced plans to establish a new studio location and an expansion of its headquarters operations in downtown Manhattan.

Harbor

Harbor (photo – harborpicturecompany.com)

The multi-million dollar project includes the construction of the largest theatrical sound mixing studio in New York City, as well editorial suites located in SoHo.

Harbor Sound, a post-production company specializing in sound finishing services for TV shows and feature films, will be able to create 35 new jobs and retain 30 existing jobs in New York.

But the project is more than just about direct job creation. Harbor’s president, Zachary Tucker, said in a release announcing the expansion that construction of NYC’s largest mixing studio will provide a significant boost for the industry and the state.

Tucker added that the studio creates an unprecedented home for more tentpole projects that are attracted to New York by its talent base, but need this kind of advanced infrastructure.

As larger production choose to complete their post-production in New York, more artistic, management and technical jobs will become available in the city. This, says Tucker, will further increase the New York entertainment industry’s professional capital and help secure its status not just as a viable competitor but a preferred alternative to Hollywood.

The company did consider California as well as Georgia for the project, but decided to expand its studio operations in New York.

In order to secure the project, lead New York economic development agency Empire State Development offered Harbor Sound $550,000 in performance-based tax credits under the Excelsior Jobs Program. These tax credits are tied to the company’s plans to create 35 new jobs.

ESD President, CEO and Commissioner Kenneth Adams said in the release that thanks to Gov. Cuomo’s efforts to strengthen and enhance New York State’s Film Tax Credit Program, the state has become a top destination for both production and post-production work that contribute significantly to the economy and generate employment opportunities for thousands of New Yorkers.

The Harbor Sound project is the most significant expansion by a post-production company in New York since the post-production tax credit program was strengthened through legislation in 2012. The law increased the qualified film and television post-production tax credit from 10 to 30 percent in the New York metropolitan commuter region. Tax credits available for post-production expenses in the rest of the state were hiked even higher to 35 percent.

Since then, the state has received 164 applications, including 68 productions that have applied for the post-production tax credit in 2014 alone. As per a survey conducted by the Post New York Alliance, post production companies have added 352 new full-time jobs and hired 10,000 freelancer days since July 2012, and spent over $39 million on expansions.

CCL Industries Expanding Label Division Operations in Laurens County, SC

Specialty packaging company CCL Industries Inc. is expanding its manufacturing operations in Laurens County, SC with a $30 million investment in its CCL Label DES division.

CCL Industries

CCL Industries (photo – cclind.com)

The investment will enable the company to construct a 36,000-square footage addition to their existing facility at a business park in Clinton, SC.

The project is expected to create 98 new jobs over the next five years, and will result in the retention of jobs at the existing facility which became a part of CCL Industries through the July 2013 acquisition of Avery Dennison’s Designed & Engineered Solutions (DES) business.

CCL Industries Inc. (TSE:CCL.B), with corporate offices in Toronto, Canada and Framingham, MA, already employs approximately 10,400 people and has 99 production facilities in 28 countries around the world.

The South Carolina Coordinating Council for Economic Development has approved job development credits for the CCL Label expansion project.

In a press release announcing the project, Gov. Nikki Haley said that “It truly is a testament to the hardworking and skilled workforce we have in South Carolina when an international company like CCL chooses to expand here.”

Secretary of Commerce Bobby Hitt added that this announcement continues an excellent trend witnessed over the last several years of companies growing their businesses in South Carolina. Sec. Hitt added that company expansions comprised more than half of all new capital investment committed last year.

Al Green, VP Technology Development, CCL, said that the Clinton site, its management team and the skilled and reliable workforce made it an easy decision to help grow the Southern U.S. corridor for many of the products they manufacture globally.

CCL Label is also getting local tax incentives though a fee-in-lieu-of-taxes agreement with Laurens and Greenville Counties. The FILOT agreement required the counties to pass ordinances authorizing the joint development of a business and industrial park for the project, referred to previously as Project Picket Fence. They also had to authorize the amendment of an already existing ordinance to alter the distribution of funds regarding the joint-county parks.

Jim Coleman, chairman of the Laurens County Council and Laurens County Development Corporation, said in the release that existing industries in Laurens County are vital to their economic development effort. Coleman added that every time one of them expands, it is proof that Laurens County is a great place for business and industry to grow and prosper.

Washington Economic Development Grant Supports Aerospace Supplier Workforce Expansion

The Washington State Department of Commerce has awarded a $101,000 grant to the Northwest Workforce Council to support Hexcel Corporation’s workforce training needs at a newly-expanded facility in Burlington, WA.

Hexcel

Hexcel (photo – hexcel.com)

The Washington economic development grant, provided under the Workstart program, requires the company to put up a 20 percent cash match.

Stamford, CT-based Hexcel Corporation (NYSE:HXL) is an aerospace and defense supplier and a leading advanced composites company which develops, manufactures and markets lightweight high-performance structural materials such as carbon fibers, honeycombs, reinforcements for composites and composite structures.

The company first established a manufacturing facility at the Port of Skagit’s Bayview Business Park back in 1990. In June 2012, Hexcel broke ground on an expansion of the facility to add a new 63,537-square-foot, two-story building. At that time, the existing 90,000-square-foot facility already had 130 employees, and the company is now in the process of adding another 100 new jobs.

Hexcel Burlington is one of Hexcel’s eight manufacturing plants in North America and eighteen around the world. The expansion plan for Burlington was supported by an array of partners including the Economic Development Association of Skagit County, Northwest Workforce Council, Skagit Valley College and Green River Community College.

The company’s growth is being fueled by new aerospace product orders for Hexcel’s composite laminating and autoclave operations.

In a press release announcing the grant, Washington Governor Jay Inslee said that bringing together workforce training, community colleges and state economic development resources to provide employer-driven customized training programs is strengthening the state’s capacity to serve the composite materials sector worldwide.

Jim Collins, Hexcel Plant Manager, said in the release that Hexcel is very pleased to benefit from this grant. Collins added that providing funding to train the company’s workforce is another great step for Washington State’s drive to be a center of excellence for aerospace.

Washington State Dept. of Commerce Director Brian Bonlender said that companies serving aerospace and other industry sectors that are using more advanced carbon fiber composites need a workforce with very specialized skills that are often unique to their particular production processes.

Director Bonlender added that the WorkStart program is designed to get workers ready to go and on the floor with the necessary expertise quickly and cost-effectively.

The WorkStart program has been used by 11 companies throughout Washington since 2013 to train 714 employees.

Wisconsin Economic Development Corp Helps Pacon Relocate Assets and Jobs to Appleton

Pacon Corporation, a global provider of education, art and craft products, is expanding its operations in Appleton and Neenah, WI.

Pacon

Pacon (photo – pacon.com)

The expansion is a result of their recent acquisition of Roselle Paper Co. Inc. Pacon got Roselle’s equipment, inventory and trade names as part of the deal.

Supported by the Wisconsin Economic Development Corporation, Pacon is now relocating the assets and jobs of the paper company to their existing facility in Appleton, WI.

Some of the Roselle assets and operations are also being moved to another Pacon facility in Barrie, Ontario, Canada. The consolidation of the acquired company with Pacon’s operations is creating 60 new jobs in Wisconsin.

Governor Scott Walker joined the company’s executives and employees at the Appleton facility for the jobs announcement. In an accompanying release, the Governor said that since it was founded more than six decades ago, Pacon has had a strong history of sustained growth, and added that he is thrilled with the company’s continuing commitment to Wisconsin.

Pacon Corporation President and CEO Jim Schmitz added that the new jobs and equipment position them to better compete in the marketplace while stimulating the Fox Cities’ economy.

Pacon has more than 500 full-time employees working at nine facilities in the U.S., Canada and Europe, out of which 400 are employed at their Wisconsin facilities.

The company is investing about $8 million on building renovations and equipment purchase as a result of the Roselle Paper Co. Inc. acquisition. Pacon will furthermore spend $700,000 on workforce training.

In order to secure the expansion and new jobs, the Wisconsin Economic Development Corporation has authorized up to $484,000 in tax credits for Pacon over the next three years. The actual tax credit the company will be able to claim each year is tied to the number of jobs that will be created and the capital investment made.

WEDC Secretary and CEO Reed Hall said in the release that Pacon is a global leader in school supplies and educational aids, and added that WEDC is pleased to provide the assistance that is helping bring these jobs to the region.

Hall noted that since 2012, WEDC has the provided more than $20 million in assistance to Fox Valley companies for projects expected to create or retain more than 4,800 jobs.

Iowa Economic Development Incentives for AGP and Other Projects Generating $227M Investments

Iowa has approved economic development incentives for eight projects to support their job creation and expansion plans.

Iowa Ag

Iowa Ag (photo – quinn.anya/flickr)

The financial assistance and tax benefits awarded by the Iowa Economic Development Authority will assist projects generating a total of $227 million in capital investments, creating 84 new jobs and retaining another 171 jobs.

One of the companies receiving state incentives is Ag Processing Inc., the largest farmer‐owned soybean processor in the world owned by 174 cooperatives which represent more than 250,000 farmers in the U.S. and Canada. AGP has six plants in Iowa and more in Nebraska, Missouri and Minnesota.

The Omaha, NE-based company is planning an $89.1 million expansion project to build a vegetable oil refinery at a site in Sergeant Bluff, IA where it already has soybean processing and biodiesel plants.

The refinery project is expected to create 20 new jobs. The company is receiving a total of $3.1 million in state and local incentives. Woodbury County has approved a 10-year property tax exemption that will save the company around $2.1 million. Another $1 million in state incentives approved by the IEDA board include direct financial assistance of $152,000 and tax credits through the High Quality Jobs Program.

AGP CEO Keith Spackler said in a statement announcing the refinery project that AGP is excited to move forward on adding a new vegetable oil refinery at their facility in Sergeant Bluff, which he said will generate jobs and further add value to soybeans for the cooperative’s members and their farmer‐owners.

The other projects awarded state incentives are as follows:-

Apache Inc., Cedar Rapids – The industrial conveyor belt, hose and molded rubber products manufacturer is considering a $7.3 million expansion project to add 90,000 square feet of space to its existing facility in Cedar Rapids. Apache plans to create 15 new jobs, and was awarded HQJP tax credits and a $75,000 forgivable loan.

Boehringer Ingelheim Vetmedica, Inc. – BIVI, which manufactures biological and pharmaceutical products for animals, is proposing a $94.8 million investment to expand operations in Fort Dodge. They’re also expanding a research facility at the ISU Research Park in Ames with a new build-to-suit 52,088-square-foot building and a $2.8 million capital investment. Both projects are getting HQJP tax credits.

Employers Mutual Casualty Company – EMC, which insures communities and school districts across the state, is planning a $22.7 million expansion in Des Moines, and has been awarded HQJP tax credits to retain 103 incented jobs.

Iowa Brewing Company, LLC – The newly formed company is planning on investing $2.1 million to build and operate a new craft brewery in downtown Cedar Rapids. Iowa Brewing Company plans to create 16 new jobs, and has been awarded HQJP tax credits.

Lesaffre Yeast Corporation – LYC, a part of the France-based Lesaffre Group, is likewise planning to invest $5 million to build and operate a manufacturing facility in Cedar Rapids.  LYC will create four jobs at the facility, and has been awarded HQJP tax credits to support their job creation and investment plans.

Simonsen Iron Works – This automotive supplier is planning to invest $3 million to acquire a manufacturing facility in Spencer, IA and create 28 new jobs while retaining six existing jobs. The IEDA awarded a loan of $300,000 to Simonsen Iron Works.

Iowa Economic Development Authority Director Debi Durham said in a release announcing these awards that they are ending 2014 with several existing industry projects that will bring additional high quality jobs and investment to Iowa.

Director Durham added that since 2011, the IEDA has assisted projects that are expected to result in $9.5 billion in capital investment and more than 32,000 direct, indirect and induced jobs.

Viewpost Expansion in Maitland, Florida Boosts Orlando Financial Services Industry

Financial services company Viewpost, which offers a business-to-business network for electronic invoicing and payments, will be expanding its operations in Maitland, FL.

Viewpost

Viewpost (photo – viewpost.com)

The company plans to invest $1.9 million and expects to create 262 new jobs in Orange County over the next three years. Viewpost already has 180 employees at its Maitland headquarters.

The new jobs being created are high-wage programming and software development positions with an average annual salary of $80,828, which is more than double the average annual wage in the Orlando metropolitan region.

In a release announcing the expansion project, Governor Rick Scott said that it is thanks to job creators like Viewpost that Florida is on the way to becoming the world’s number one destination for jobs.

CEO Max Eliscu said in the release that he was born and raised in the Orlando area and added that he’s deeply grateful for the supportive business environment nurtured by elected officials and the investment community. Eliscu said he’s pleased that Viewpost’s success will in turn have a positive impact on the region.

The City of Maitland and Orange County worked with the Orlando Economic Development Commission, Duke Energy, Enterprise Florida, the Florida Department of Economic Opportunity, and CareerSource Florida to secure this project.

Viewpost is getting $1,834,000 in incentives under the Qualified Target Industry Tax Refund Program. This includes $183,400 each from Orange County and the City of Maitland, as a 20 percent match for the QTI award. The State of Florida will provide the rest of the incentives.

Viewpost is additionally getting a workforce training grant from CareerSource Florida through the Quick Response Training (QRT) program.

Orange County Mayor Teresa Jacobs said in the release that Viewpost’s decision to expand within the community demonstrates the strength of Orange County’s economic climate.

Maitland Mayor Howard Schieferdecker said they are pleased to form productive partnerships with new and expanding businesses, and remain ready to respond if they can be of service in any other way.

Rick Weddle, president and CEO of the Orlando Economic Development Commission, said they are thrilled that Viewpost is growing and adding new jobs in Maitland. Weddle added that they will continue to create innovative tools for the critical financial services industry while highlighting their place as one of the nation’s top tech job hot spots.

Florida Secretary of Commerce and Enterprise Florida President and CEO Gray Swoope said that Florida is home to more than 100,000 financial and professional firms employing more than 850,000 Floridians, and this sector will continue to grow thanks to companies like Viewpost.

BuzzFeed Expanding Manhattan HQ and Minneapolis Engineering Team

Social news and entertainment company BuzzFeed is moving into a new headquarters space in Manhattan and will create hundreds of new jobs in New York as part of the headquarters expansion project.

BuzzFeed

BuzzFeed (photo – buzzfeed.com)

BuzzFeed is taking up 200,000 square feet of space in the tower at 225 Park Avenue South formerly occupied by the Port Authority of New York and New Jersey, which is in turn relocating to 4WTC in Lower Manhattan.

According to New York economic development agency Empire State Development, BuzzFeed considered several other locations around the country before deciding to expand in New York.

In order to secure the expansion, ESD has offered BuzzFeed $4 million in incentives through the Excelsior Jobs Program Tax Credits. These are performance-based tax credits tied to the company’s creation of 475 new jobs in the next five years and retention of existing jobs.

ESD President, CEO and Commissioner Kenneth Adams said in a release announcing the expansion that they are very excited that BuzzFeed will create their new global headquarters in New York, and will be known as one of the marquee companies in this hub for the technology and media industries.

BuzzFeed Chief Financial Officer Mark Frackt said in the release that they’re excited to build a new headquarters at 225 Park Avenue South and contribute to New York City’s fast paced economic growth.

The company already has 700 employees at offices around the world, and is growing at a fast clip after raising $50 million in Series E funding from venture capital firm Andreessen Horowitz earlier this year in August. Andreessen Horowitz valued BuzzFeed at around $850 million.

The new funding, which more than doubles the sum total of all their previous funding rounds, is helping fuel BuzzFeed’s recent expansion plans. Apart from the operational reorganization and expansion of their NYC headquarters, BuzzFeed is also beefing up its technological capabilities through acquisitions.

Specifically, BuzzFeed has announced acquisitions of New York-based startup Torando Labs and Minneapolis-based mobile and web applications development company Hyper IQ.

Torando Labs CEO Todd Levy is now leading BuzzFeed’s new data engineering team. Hyper IQ’s team of seven, led by the company’s co-founder and president Phil Wilson, will now form the core of BuzzFeed’s Minneapolis office focused on engineering.

BuzzFeed plans to expand the Minneapolis team to 30 engineers. This talent acquisition push is aimed at kickstarting their mobile app product offerings in verticals including news and video. The company said in a release that they will foster economic growth and innovation in Minneapolis by recruiting some of the best Android, iOS, full stack, front end and QA talent in the Twin Cities.

Massachusetts Economic Development Incentives to Create and Retain 6187 Jobs

At its latest quarterly meeting, the Massachusetts Economic Assistance Coordinating Council approved economic development incentives for 18 projects that are expected to create 1,696 new jobs and retain 4,491 existing jobs.

Massachusetts State House Dome

MA Statehouse Dome (photo – City of Boston Archives/Flickr)

The incentives, provided through the Massachusetts Economic Development Incentive Program (EDIP) investment tax credit program, will help the projects leverage a combined total of $362 million in private investment and supporting construction projects.

Out of the 18 projects, four are manufacturing retention projects (MRP), six are expansion projects, and another four are job creation projects.

The rest of the projects are local incentive only-projects that are not receiving EDIP incentives from the EACC but applied in order to get approval for their local tax incentive deals.

One of the local incentive only projects is the new headquarters of the GE Healthcare Life Sciences Division. The company conducted an extensive site selection process that included sites in other states including New Jersey and North Carolina, but ultimately chose to expand into a 160,000-square-foot facility in Marlborough, MA.

GE is investing $21 million to establish the new headquarters, and will retain and transfer 110 employees and create 220 full-time jobs. In order to secure the project, the City of Marlborough has offered GE a 10-Year Tax Increment Financing agreement valued at $106,672.

Similarly, Martignetti Companies, the seventh largest distributor of wines and spirits in the United States, was looking for a location in which to consolidate and expand their two separate Massachusetts facilities in Braintree and Norwood. The company picked a 115-acre site in Taunton, MA where they will be investing $100 million to build an 800,000-square-foot beverage distribution center that will house 800 employees.

The City of Taunton has offered Martignetti Corp incentives valued at $5,144,305 through a 20-Year TIF agreement and personal property tax exemption.

Another local incentive only project approved by the EACC was the $50 million relocation of wine and liquor company M.S. Walker, Inc. to Dedham, MA. The company is losing its current headquarters in Somerville, MA due to eminent domain. The Town of Dedham has offered the company a 15-Year TIF agreement valued at $2,151,502.

21 East Coast Living is getting a 20-Year TIF agreement valued at $481,936 from the Town of North Attleboro for a mixed-use development project in the historic town center. The catch is that it is a brownfield site, so the company is spending $42.5 million to re-develop it. The project will create only four net new jobs, but the retail and other private businesses that will locate at the site are expected to create more jobs.

In a statement announcing the EACC’s approval of these projects, Massachusetts Office of Business Development Executive Director Michael Hunter said that supporting companies that are choosing to grow in Massachusetts is an important part and one of the Administration’s key economic development objectives to create economic opportunity in every region of the Commonwealth.

Waco, Texas Approves Economic Development Incentives for SpaceX Expansion

Space Exploration Technologies Corp. is considering an expansion of its research and testing facility at the McGregor Industrial Park in McGregor, TX.

SpaceX testing rig in McGregor, TX

SpaceX testing rig in McGregor, TX (photo – jurvetson/flickr)

SpaceX is expanding its land lease in McGregor from 922 acres to 4,280 acres, and plans to invest $46.3 million at the location over the next five years.

The project will create 300 new full time SpaceX jobs with benefits, and the company will retain the existing 261 jobs at the facility.

A part of the City of McGregor comes under McLennan County and the Waco MSA. The project is being supported with local incentives from McLennan County and the cities of McGregor and Waco.

The McGregor Economic Development Corporation and the City of the McGregor are providing an incentivized land lease arrangement and infrastructure improvements at the site. The City is also considering providing a cash grant to SpaceX.

SpaceX will also get $3 million in McLennan County and City of Waco economic development grant funding, with the city and county chipping in with $1.5 million each.

The Waco City Council has just approved a resolution authorizing the Waco McLennan County Economic Development Corporation to enter into an agreement with Space Exploration Technologies Corp. for the expansion project.

As per the agreement, the company will have to create the 300 new jobs by Dec 31, 2018. The jobs will have an average hourly wage of $28.85 and an average annual wage of $60,000. At least 40 percent (or 120 jobs) must go to Waco residents, and at least 80 percent (240 jobs) must be filled by McLennan County residents.

Apart from the SpaceX expansion, the Waco City Council also approved resolutions authorizing the Waco McLennan County Economic Development Corp to enter into agreements for two other projects.

One is an agreement with North Carolina-based mattress and furniture manufacturer Kingsdown Inc. The company is planning on investing $1.375 million to establish a mattress manufacturing facility in Waco and create 36 new jobs. The WMC EDC will offer Kingsdown up to $126,000 in incentives, with the City and County each providing $63,000.

The second project approved by the Waco City Council is a proposed manufacturing facility in Waco by Let’s Gel, Inc. (dba Area 51 Manufacturing), a manufacturer and distributor of gel-based consumer products. The company is investing $1.85 million to establish the facility, and plans to create 35 new jobs. Waco and McLennan County will be providing $87,500 each to support the project, adding up to a total of $175,000.

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