Job Creation

Three Year Planning Effort Brings Pork Processing Plant With 810 Jobs to Coldwater, Michigan

Clemens Food Group will establish a new pork processing operation in Coldwater Township, MI. The company will make a $255.7 million capital investment to build the 550,000 square-foot facility, and expects the project to create 810 new jobs.

The Michigan Economic Development Corporation announced Michigan Strategic Fund actions to support the project, including $12.5 million in CDBG funding for the City of Coldwater.

Video – MEDC

The CDBG funds, which are supporting 644 out of the 810 jobs being created, will be used by the City for land acquisition, infrastructure improvements, and to provide workforce development and training support for the project.

The City of Coldwater is collaborating with Coldwater Township on a land transfer agreement that will enable the City to contribute $4.5 million to support infrastructure improvements at the project site. Including local incentives, the MSF CDBG approval and nearly $16 million in tax savings, the total support for the project adds up to around $55 million.

Clemens considered locations in both Michigan and Ohio for their Midwest expansion before selecting the Coldwater site based on state and community support, site feasibility and labor preparedness.

Governor Rick Snyder said in a release announcing the project that “The new project in Coldwater Township is agricultural entrepreneurism at its best with producers, the state of Michigan and local government working together to bring 800 new jobs to our state.”

The work done to bring this project to Michigan began three years ago, when the Michigan Department of Agriculture and Rural Development (MDARD) began working with pork producers in the state to consider the possibility of establishing a pork processing plant in Michigan.

MDARD awarded a $100,000 grant for a feasibility study. The producers and MDARD began pursuing a strategy to find a business partner with the requisite expertise for this project and establish a relationship with this partner that would benefit the pork industry in the state.

This feasibility assessment was one of the key components that led to Michigan’s pork processing partnership with Clemens Food Group.

MDARD Director Jamie Clover Adams said in the release that the project highlights the commitment and partnership by local and state officials, economic development groups and private industry to bring new companies and investment into Michigan.

MEDC President and CEO Michael A. Finney noted that these are significant jobs for the Coldwater community and the region, and added that they commend MDARD for its commitment to bringing this project to Michigan.

Kentucky Economic Development Incentives Secure Kindred Healthcare Expansion in Louisville

Kindred Healthcare announced plans for a major expansion of its corporate headquarters and operations in Louisville, KY.

Kindred Healthcare

Kindred Healthcare (photo – kindredhealthcare.com)

The company is planning to construct a 142,000-square-foot six-story building next to its corporate headquarters in downtown Louisville.

The building will house Kindred’s support center operations, a national training center and Kindred University, and an employee wellness clinic.

Apart from the investment of nearly $40 million and the 500 new full-time jobs the company plans to create as a part of this expansion, Louisville will also benefit from visits by Kindred employees all over the U.S. who will be coming to Louisville for educational programs, seminars and meetings.

Kindred Healthcare, Inc. (NYSE:KND) is a Fortune 500 company with annual revenues of $5 billion and 62,600 employees in 47 states, including 2,500 existing employees in Louisville.

Furthermore, Kindred is also on the verge of completing the $720 million acquisition of Gentiva Health Services, Inc. After that, the merged entity will be one of the largest health care companies in the United States with more than 100,000 employees.

Kindred Healthcare CEO Paul J. Diaz said in a release announcing the expansion that they thank Gov. Beshear, Mayor Fischer and representatives from the City of Louisville and Commonwealth of Kentucky for their support of this expansion project.

In order to secure the project, the Kentucky Economic Development Finance Authority (KEDFA) has offered the company up to $11 million in tax incentives under the Kentucky Business Investment program.

Kindred will also receive sales and use tax refunds of up to $500,000 related to its construction material and equipment purchase costs for the project. These tax benefits will be provided through the Kentucky Enterprise Initiative Act.

Governor Steve Beshear said in the release that they’re happy to see Kindred continue to expand its footprint in the Commonwealth with the creation of 500 full-time jobs. The Governor added that Kentucky is becoming a critical hub for the health care industry, and Kindred’s continuing success is a big reason why.

Louisville has the nation’s largest collection of headquarters of companies running nursing homes, assisted living facilities, rehab clinics and home health administration firms. Last year, Kentucky’s health care industry provided employment for nearly 430,000 people in the state.

Mayor Greg Fischer said that Kindred’s expansion and development of Kindred Square is a major investment in Louisville’s downtown, creating a new headquarters building for the city skyline and a major anchor for South 4th Street.

Southwest Louisiana Economic Development Gets $4.25B Calcasieu Pass Project

Venture Global LNG LLC CEO William M. Wicker and Governor Bobby Jindal announced that the company will invest $4.25 billion to develop an LNG export facility south of the city of Lake Charles, in Cameron Parish, Louisiana.

Venture Global Calcasieu Pass LNG Project

Photo – venturegloballng.com

Gov. Jindal said in a release announcing the project that Venture Global’s $4.25 billion investment in Louisiana is the latest in an impressive series of projects in Southwest Louisiana that showcase the state’s tremendous energy infrastructure and outstanding workforce.

The Governor added that Cameron Parish affords the company great access to natural gas supplies as well as deep-water access for shipping LNG to customers around the world.

Venture Global’s Calcasieu Pass Project will be located on a 203-acre site along the Calcasieu Ship Channel where it meets the Gulf. The company has already secured federal authorization to export 10 million metric tons per annum (MTPA) of LNG to countries with whom the U.S. has a free-trade agreement, and is seeking authorization to export to non-free trade countries.

Venture Global will create 100 direct jobs at the complex with an average annual salary of $70,000, plus benefits.  According to estimates by Louisiana Economic Development, the project will support the creation of another 326 new indirect jobs in Southwest Louisiana.

Not to mention 1,500 construction jobs for the region while the facility is being built. Construction on the project is set to begin in the third quarter of 2016, and the liquefaction operations are expected to commence by late 2019.

Wicker said that Louisiana is leading the way in industrial development and job creation, and added that they are proud that the project will create high-quality, high-paying jobs and revenue for the state.

LED began formal discussions with Venture Global on this project in June 2013. The project will be eligible to claim incentives under Louisiana’s Quality Jobs and Industrial Tax Exemption programs.

West Cameron Port District Director Stephen Broussard said that due to the geographic location and the Calcasieu Ship Channel’s depth, this project has a significant opportunity to bring vast economic prosperity to the area.

Once fully developed to the targeted export capacity of 10 million MPTA, the facility will be able to accommodate oceangoing tankers with a capacity of 185,000 cubic meters of LNG.

The Southwest Louisiana Economic Development Alliance’s David Conner said the Venture Global LNG project supports their mission to remain a globally competitive economy in Southwest Louisiana.

Lear Corp Facility in Portage, Indiana to Create 96 Jobs

Automotive seating and electrical distribution systems supplier Lear Corporation announced plans to expand its Indiana operations with a new facility in Portage, IN.

Portage, IN

Portage, IN (photo – portagein.org)

The Southfield, MI-based company, which has a contract to supply seats to Ford, will be investing $7.28 million for leasing and equipping a 93,000-square-foot facility to meet increased demand for Ford Explorer seat systems.

Once the Portage facility is operational in June next year, the company will be able to move nearly 190 jobs from its Hammond, IN plant to the Portage facility, and create another 96 new jobs in Portage.

The Hammond facility makes car seats for several Ford vehicles, and the new Portage plant will serve as a sub-assembly plant for the Hammond facility. Lear already has 1,200 full-time associates in Indiana, and will fill all the 96 new jobs in the next year.

Mel Stephens, senior vice president of communications at Lear, said in a release announcing the expansion that they have a great workforce in Indiana where have been operating successfully since 1985, and are pleased to be able to grow their business in the state.

Governor Mike Pence said in the release that Lear continues to grow in Indiana because Hoosiers provide the drive, determination and innovation that companies need to excel in today’s competitive business environment.

In order to secure the project, Lear Corp has been offered a package of state and local incentives. Earlier this month, the Portage City Council approved a recommendation by the Portage Economic Development Corporation offering a tax abatement for the project to Lear Corp.

Portage Mayor James Snyder said they believe expansions like these make the region stronger, and added that Lear’s partnership with Ford allows them to continue the diverse job climate with good wages and better living for residents.

The Indiana Economic Development Corporation chipped in with state incentives, offering Lear Corp conditional tax credits of up to $675,000 tied to the company’s job creation plans.

Lear Corporation (NYSE: LEA) is a Fortune 200 company and a fully-integrated manufacturer of the entire automotive seat. The company has approximately 125,000 employees spread across more than 226 locations in 36 countries that generated $16.2 billion in global sales last year.

Cognizant Expansion in Tampa, Florida to Create 400 Jobs

Global information technology and consulting company Cognizant announced plans to expand its operations in Tampa, FL.

Cognizant

Cognizant (photo – Biswarup Ganguly/wikimedia)

Cognizant will invest $5.7 million over the next four years and plans to add more than 400 new jobs in Tampa. The company already has more than 900 employees in Florida, half of whom are in Tampa.

In a release announcing the expansion, Governor Rick Scott said that the announcement means 400 more Floridians will be able to get a great job and provide for their families, which he said is a big win for Florida.

Hillsborough County and the Tampa Hillsborough Economic Development Corporation worked with Enterprise Florida and the Florida Department of Economic Opportunity to secure the project.

Dr. Ronald Vaughn, Chair of the Tampa Hillsborough EDC and President of the University of Tampa, said in the release that Cognizant explored multiple options for this expansion but chose Hillsborough County over all of them.

Dr. Vaughn added that thanks to support from state and local partners, Hillsborough County’s reputation continues to grow as a community that is pro-business and attracts world-class technology companies with top IT talent.

Florida Secretary of State and Enterprise Florida President and CEO Gray Swoope said this expansion is a great fit for Tampa’s growing IT cluster, and added that he looks forward to Cognizant’s continued success.

Steven Schwartz, executive vice president and chief legal and corporate affairs officer at Cognizant, said that thanks in part to the work of Gov. Scott, Florida and the Tampa area are an attractive place to do business.

Schwartz mentioned the robust infrastructure that has been created for technology companies, and the rich talent pool fed by the state’s 13 universities and concentration of highly skilled military veterans and their spouses.

Details about incentives provided to secure the project were not released. However, back in June, the Hillsborough County Board of County Commissioners approved a resolution offering incentives for a project named only as Prospect #14-222, which was proposing to expand its information technology operation in unincorporated Hillsborough County.

The resolution allowed the Tampa Hillsborough Economic Development Corporation to offer the Prospect $494,400 in local financial support. This would be the local match for incentives under Florida’s Qualified Target Industries (QTI) Tax Refund Program. The total state and local QTI incentives for the project would add up to $2,472,000.

The 400 new jobs Cognizant is creating will be for highly skilled technology and business professionals. The resolution approving the incentives also required that the company create and maintain 412 new jobs with average wages of at least $63,669, which is 150 percent of the state’s average private sector wage.

Teaneck, NJ-based Cognizant Technology Solutions Corp (NASDAQ:CTSH) is a Fortune 500 company with more than 31,000 employees in the U.S., and approximately 199,700 employees around the world. Last year, the company generated revenues of $8.84 billion that led to a profit of $1.22 billion.

Denver, Colorado Economic Development Incentives Secure WorldRemit HQ

WorldRemit, a European financial services firm which recently expanded its money transfer service to include the United States, announced the selection of Denver, CO as the location for its new North American headquarters and operations center.

WorldRemit

WorldRemit (photo – worldremit.com)

The company has leased 11,126 square feet of office space in downtown Denver, and plans to open the office next month.

They will create 100 new jobs at the office by Dec 2015, and expect to grow their workforce in Denver to 218 within five years.

Denver competed with other cities in North America for the WorldRemit headquarters project.

In order to secure the project, the Denver Office of Economic Development and the Colorado Office of Economic Development and International Trade (COEDIT) offered the company a package of state and local incentives totaling more than $3.5 million.

This includes $110,000 in Denver economic development incentives through the city’s Business Incentives Fund, tax credits and workforce development support.

COEDIT has additionally approved $3.4 million in state incentives for the project. This includes a job training grant under the Colorado First program, as well as Job Growth Incentive Tax Credits.

WorldRemit Founder and CEO Ismail Ahmed said in a release announcing the selection of Denver for their North American headquarters that the city offers the perfect combination of a supportive local authority, an idyllic location and a highly skilled workforce.

Ahmed added that the city is already gaining a reputation as a go-to destination for the Fintech (financial tech) sector and stealing the thunder of Silicon Valley and New York.

Governor John Hickenlooper said in the release that innovative financial services firms like WorldRemit thrive in communities around the state, and added that they are thrilled that the company has chosen Colorado for their North American headquarters.

Denver Mayor Michael B. Hancock likewise added that Denver’s position as a top city for business, startups and innovation continues to grow fervently thanks to leading firms like WorldRemit that choose to locate in the city.

The London, U.K.-based WorldRemit has a global reach of more than 110 receive countries and offers its customers innovative ways of sending and receiving money.

Earlier this year, the company received a $40 million investment from Accel Partners, allowing WorldRemit to expand beyond Europe and enter the United States – the world’s largest sender of remittances.

Last month, the company began offering its service in 15 Latin American countries and the U.S. In a release announcing the expansion, Ahmed said that this is also a landmark for the European Fintech revolution and very exciting – to arrive with a world-leading service in the U.S., a country known for technological and financial innovation.

Digital Healthcare Startup Spreemo Relocating to Lower Manhattan

Spreemo, LLC, which offers a value driven digital healthcare platform, is relocating to Lower Manhattan and will subsequently expand its operations in New York.

Spreemo

Spreemo (photo – spreemo.com)

The company, which is currently located across the Hudson in Hoboken, NJ, will be investing $250,000 to renovate and equip 7,500 square feet of space at their new NYC headquarters at 88 Pine St in the Financial District.

Spreemo also plans to invest $1.15 million over the next five years for research and development.

They will be relocating 40 existing jobs to New York, and plan to more than double their workforce in New York to 95 jobs. The company will be exploring workforce training opportunities with veterans and local universities.

Governor Andrew M. Cuomo said in a release announcing the project that Spreemo’s decision to relocate to New York City and expand their workforce is another sign that the local economy is on the move, and added that he is proud they were able to help make this exciting announcement possible.

In order to secure the project, Spreemo was offered an incentives package that includes $600,000 in tax credits over a ten-year period, tied to the company’s job creation plans.

Empire State Development, the lead New York economic development agency, will provide these performance-based tax credits under the Excelsior Jobs Program.

ESD President, CEO and Commissioner Kenneth Adams said in the release that they worked with Spreemo to assist in their future growth because their relocation from New Jersey to Lower Manhattan will bring 95 new jobs to New York City.

Commissioner Adams added that promoting job creation and business growth in key industries such as healthcare and technology is a top priority for Gov. Cuomo and the Greater New York City region.

Spreemo CEO and Co-founder Ron Vianu said that as they seek to transform the healthcare industry, Lower Manhattan offers a highly appealing mix of professional talent who are technologically savvy and bold in their approaches to problem solving.

Vianu added that they are thankful for New York State’s support in helping companies like theirs take root in this ecosystem.

Spreemo’s digital healthcare platform is currently focused on radiology services for the workers’ compensation market, offering predictive analysis and quality-based metrics that enable insurers and large employers to make better informed decisions and provide the best treatment for injured employees.

Their relocation and expansion in the new Lower Manhattan headquarters will enable the company to scale the business model to provide services in additional states and expand their offering beyond the radiology sector.

First Data Corp’s Telecheck Division Relocating to Sugarland, Texas

Global payment processing technology and services company First Data Corporation’s Telecheck Services Division is relocating its headquarters operations to the City of Sugar Land, TX.

City of Sugar Land, TX

City of Sugar Land, TX (photo – derrickcollins/flickr)

Telecheck’s relocation project will bring $10 million in investment to Sugar Land, along with 600 new jobs over three years.

These are new jobs with an average annual salary of at least $64,000, with higher tiers at an even higher average annual salary.

The company is taking up a ten-year lease on 90,000 square feet of space in the Sugar Creek on the Lake building that was formerly occupied by Unocal. The property has since been completely renovated with an investment of more than $13 million by developer PM Realty Group.

Atlanta, GA-based First Data Corp decided to relocate its Houston-based Telecheck division to Sugar Land after a comprehensive evaluation of regional opportunities.

Based on the company’s job creation and investment plans, the City of Sugar Land Economic Development Department came up with a $300,000 incentives package that will be paid to the company in ten annual payments.

Based on the economic development department’s recommendation, the Sugar Land Development Corporation approved the performance agreement with First Data, Corp. and TeleCheck Services, Inc. and secured the headquarters relocation.

Sugar Land Mayor James Thompson said in a release announcing the project that they are thrilled to welcome First Data’s Telecheck offices to Sugar Land. The Mayor added that not only is this relocation a reflection of the robust Class A office market in Sugar Land and the millions of dollars invested in the building by PMRG, but also a reflection of Sugar Land’s presence as a regional employment center within the Houston metropolitan region.

Mark Wallin, General Manager (TeleCheck) at First Data Corporation, said they are delighted to have selected Sugar Land as the home of their new offices, and look forward to many years of growth in this outstanding facility.

First Data Corporation is a Fortune 500 company with 24,000 employee-owners and operations in 35 countries. Businesses in nearly 70 countries use First Data payment systems to process more than 2,000 financial transactions per second, all of which adds up to $1.8 trillion in annual transactions. Last year, the company facilitated 59 billion transactions worldwide, which led to First Data generating revenues of $10.8 billion.

FNA Group to Relocate OEM Industries Division Operations to Pleasant Prairie, WI

FNA Group Inc., a manufacturer of pressure washers for home and industrial markets, announced plans to relocate a part of its OEM Industries Division operations to a new facility in the LakeView Corporate Park in the Village of Pleasant Prairie, WI.

FNA Group

FNA Group (photo – fna-group.com)

The company will be investing $3 million into the project to establish the manufacturing, distribution and R&D operations for the division in a 176,000-square-foot industrial facility.

The project will create 100 direct new full-time jobs in in Pleasant Prairie and Kenosha County, in addition to providing more seasonal employment opportunities.

Elk Grove Village, IL-based FNA Group chose the location in Pleasant Prairie after a site selection process in which they considered sites in several states.

Governor Scott Walker said in a release announcing the job-creation project that FNA’s decision to locate its newest facility in Wisconsin after a multi-state search for a site for the facility speaks volumes about the state’s pro-business climate and outstanding workforce.

FNA Group Founder, CEO and President Gus Alexander said this move allows them to free up manufacturing space they desperately need at the company’s existing facility in Arkansas where their OEM Industries Division operations are currently located.

In order to secure the project, the Wisconsin Economic Development Corporation has authorized FNA Group Inc. to receive up to $700,000 in state tax credits. The exact amount in credits the company will receive over the next three years is tied to their job creation plans.

WEDC worked on this project in partnership with other state agencies, educational institutions and business groups. The Kenosha Area Business Alliance (KABA) is providing the company a $1 million loan sourced from a combination of revolving loan funds.

Workforce recruitment and training support will be provided by the WI Department of Workforce Development and regional workforce partners. Apart from KABA, other local partners involved in the project include the Kenosha County Job Center and Gateway Technical College.

WEDC Secretary and CEO Reed Hall said in the release that this project is a great example of the importance of developing strong partnerships with it comes to economic development. Hall added that the State, Kenosha County, the technical college and other partners are working together to ensure that FNA has a long and successful future in Wisconsin.

Kenosha County Executive Jim Kreuser said they have a strong team that works together with the Wisconsin Economic Development Corporation, Gov. Walker and his administration to create a climate in which businesses are relocating to and expanding in, and they are thriving.

Mount Airy, NC Considering Incentives for Two Economic Development Projects

The City of Mount Airy, NC has scheduled a public hearing to consider economic development incentives for two projects that could bring a total of 90 new jobs to the city.

Mount Airy, NC

Mount Airy, NC (photo – jmd41280/flickr)

One of the projects is an expansion of an existing manufacturing facility in Mount Airy by a company identified only under the name of Project INK.

Project INK plans to invest $2.65 million and create 14 new jobs over the next two years. The Mount Airy economic development package of incentives for this project adds up to nearly $50,000, tied to the company’s job creation and investment plans.

The Surry County Board of County Commissioners has already approved similar incentives for Project INK at their last meeting.

Another rather more interesting project that will be brought up at the Mt. Airy public hearing is called Project Boston. This company, whose identity is also being kept a secret, is planning a fast expansion of its workforce at an existing facility in Mount Airy. The company is planning on creating 75 new jobs in three months.

Earlier this month, the Mount Airy Board of Commissioners approved the City’s share of incentives for the project – $900 for each qualified job created, up to a total of $67,500. Furthermore, the resolution authorized the City to apply for North Carolina economic development incentives for the project under the One NC grant program.

Todd Tucker, president of the Surry County Economic Development Partnership, said at the Mt Airy public hearing that the incentives would help the company create jobs, and the average salary for the new jobs being created is roughly close to the average salary in Surry County.

Surry County was supposed to approve incentives for Project Boston, but the County Board of Commissioners then failed to approve the resolution to offer $750 per job created over concerns about the lack of investment.

So the City is now bringing the proposal back up at the next hearing. They plan to seek comments at the public hearing on offering Project Boston additional incentives, on top of the $67,500 already approved, to make up for the lack of county support. If Mount Airy approves this additional amount, the City would be paying the company up to $1,650 per job created.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116  Scroll to top