Job Creation

Albuquerque Economic Development Lands Flagship Food Group Expansion With 300 Jobs

Diversified global food company Flagship Food Group announced plans for an expansion of their operations in Albuquerque, NM.

Flagship Food Group expansion announcement in Albuquerque, NM

Flagship Food Group expansion announcement in Albuquerque, NM (photo – Albuquerque Economic Development)

As part of this expansion, the California-based Flagship will be creating 300 new jobs in Albuquerque, with plans to hire 155 employees over the next year and the remaining 145 in the next few years.

Flagship already manufactures products under its 505 Southwestern brand in Bernalillo County, and is relocating an out-of-state operation to a new location in Albuquerque, where it will consolidate both the existing and new operations.

Flagship Food Group CEO Rob Holland was joined for the announcement by Governor Susana Martinez, New Mexico Economic Development Department Cabinet Secretary Jon Barela and Albuquerque Mayor Richard J. Berry.

Also present were local officials representing Albuquerque Economic Development and Bernalillo County.

Gov. Martinez said in a release that they are proud of Flagship Food Group becoming their latest partner in growing New Mexico’s private sector economy.

Holland noted that they are looking forward to the New Mexico expansion, and added that the state has an extremely talented workforce and newly improved tax climate for manufacturing and exporting.

The Flagship CEO added that Gov. Martinez, Sec. Barela, Mayor Berry and the Bernalillo County Commissioners had shown a genuine interest in the company, and Flagship is thrilled to be in the state.

Albuquerque Economic Development recruited the project, with support from the Bernalillo County Economic Development Department and NM EDD.

Flagship applied for an Industrial Revenue Bond (IRB) of $10.25 million to help finance the acquisition of the property and for equipping the food manufacturing plant. The county will hold title to the personal property until such time as the company manages to repay the bondholders.

The New Mexico Economic Development Department is additionally providing $150,000 in incentives to help the company upgrade the new Albuquerque facility in Desert Surf Circle.

Sec. Barela said that New Mexico has been working hard to diversify its private-sector economy, and value-added food production was an area of natural growth for the state. He added that this industry provides well-paying jobs and brings new dollars into the state through exports.

Flagship Food Group, LLC is headquartered in Los Angeles, and serves many of the world’s leading retail, food service and grocery chain companies. Their brands such as Oasis, 505 Southwestern and TJ Farms Select are distributed through more than 30,000 retail outlets that include large retailers like Costco.

The company sells 170 million pounds of food product annually, and their purchasing for a food manufacturing facility can also make a big impact on the economy. Flagship already buys more than 2.5 million pounds of New Mexico’s Hatch Green Chile every year.

Apart from Los Angeles and Albuquerque, the company has additional offices and production facilities spread across locations including Boise, Atlanta and Indianapolis, and has one overseas location in London.

 

Boeing Insourcing Parts Production for 777X to St. Louis, Missouri

Boeing (NYSE: BA) announced that it is bringing back production of parts for the 777X to the Boeing campus in St. Louis, MO.

Gov. Jay Nixon announcing Boeing 777x jobs for St. Louis, MO

Gov. Jay Nixon announcing Boeing 777x jobs for St. Louis, MO (photo – mo.gov)

Parts production for Boeing’s 777 program is currently outsourced to suppliers or done overseas.

The insourcing of 777X parts production to St. Louis requires Boeing to create 700 new jobs at their St. Louis campus, which has traditionally focused on Boeing’s military aircraft production contracts.

St. Louis is home to the Boeing Defense, Space and Security division, and the campus, supported by more than 600 suppliers and vendors across the state, employs more than 14,500 workers in the area.

Bringing production of parts for commercial aircraft to the St. Louis campus will therefore not only create more jobs and investment, but also diversifies the facility and better positions Missouri to compete for commercial projects in future.

The parts built in St. Louis will support the 777X work at the composite wing center in Everett, WA, which Boeing chose earlier this year as the home for both their 777X final assembly and the composite wing fabrication and assembly.

The composite wing center in Everett is currently under construction and will cover more than one million square feet of space.

The St. Louis composites facility will also be expanded by Boeing and will be able to start producing 777X parts by 2017.

Including these new 700 jobs for the 777X, Boeing has now announced plans to create up to 2,000 jobs in Missouri over the past 18 months. This includes 400 new IT jobs and 400 more research and technology jobs, along with another 500 jobs for service and support under the Lockheed Martin F-22 Raptor aircraft program.

Governor Jay Nixon said in a statement that Boeing’s decision to insource commercial work to St. Louis for the very first time marks a historic moment and a huge win for Missouri, Boeing’s workers and for the more than 600 Boeing suppliers and vendors around the state.

Bob Feldmann, vice president and general manager, 777X program, Boeing Commercial Airplanes, said that a program of the size of 777X requires that they bring together all of the talent that Boeing has to offer.

Bob Ciesla, Boeing Military Aircraft Cross-Enterprise Design/Build vice president, said that this is a fantastic opportunity for Boeing St. Louis, and they are looking forward to being a partner on the 777X program.

Michigan Economic Development Incentives Announced for Projects Creating 568 New Jobs

The Michigan Economic Development Corporation announced approval of incentives by the Michigan Strategic Fund for 11 projects that will create a total of 568 new jobs while generating $97.4 million in private investment.

Job creation in Michigan

Job creation in Michigan (photo – michiganbusiness.org)

Four of the projects are business expansions that are receiving incentives under the Michigan Business Development (MBD) Program.

Harman Becker Automotive Systems, Inc., a wholly owned subsidiary of Harman International Industries, is consolidating operations currently dispersed in six different facilities into a single new complex in the City of Novi, MI. Harman is investing close to $45 million into this project, and will be creating 150 new jobs.

The company chose Novi for the consolidation over competing sites in California, Colorado and Illinois. Harman has been approved to receive an $800,000 performance-based grant under the MBD program, and the City of Novi is additionally supporting the project with a property tax abatement.

Specialty heater manufacturer Nexthermal Corp is getting a $250,000 MBD grant for a proposed expansion in the City of Battle Creek where the company plans to create 50 new jobs and invest $1.96 million.

Nexthermal chose Battle Creek and Michigan over competing sites in Alabama, Georgia, Oklahoma and overseas locations in India and China. The City of Battle Creek is additionally supporting the project with local incentives provided as an Industrial Facility Tax Exemption.

The other two expansions are by CDK Global, Inc. in downtown Detroit and by Sunrise Windows Ltd. in Bedford Township. Both companies are undertaking expansions that will create 100 jobs each. CDK Global is investing $3.6 million and is getting a $1 million MBD grant, while Sunrise is investing $5.1 million and getting a $350,000 MBD grant.

Apart from incentives for these four expansion projects, MSF approval was also announced for five projects under the Michigan Community Revitalization Program.

One of these five projects is a plan by Artspace Projects, Inc. to renovate three buildings in Dearborn, MI. The core of the project is a conversion of Dearborn City Hall into a mixed-use arts campus that includes 54 affordable working and living spaces designed for artists.

This development will also include studios, galleries and a creative entrepreneurship center that will provide support for the artists in the complex. The project will create four full-time jobs and generate $15.8 million in capital investment.

Artspace Projects, Inc. is getting a $1 million performance-based grant under the Michigan Community Revitalization Program. The City of Dearborn is supporting the project with a PILOT agreement valued at $1.3 million, plus a $400,000 loan and another $500,000 in HOME funding.

Since two of the buildings being renovated are historic buildings, federal assistance is being provided through federal historic tax credits and low-income housing tax credits. The project is also getting grants from the Ford Foundation and Severstal International.

Community revitalization grants were also approved for three other projects in Detroit and one more in Grand Rapids. The City of Detroit Brownfield Redevelopment Authority was additionally approved to use local and state taxes valued at $346,180 for redeveloping a four-story building into 36 residential units and retail space.

The City of Sturgis was awarded $442,000 in CDBG funding to be used for providing job training for an expansion project by Sturgis Molded Products which is creating 50 new jobs.

Michigan Economic Development Corporation President and CEO Michael A. Finney said in a release that these new investments show Michigan’s highly competitive business climate and talented workforce mean real opportunities for growing companies.

Ford Adding 1000 New Jobs at Oakville Assembly Plant in Ontario, Canada

Ford Motor Company of Canada, Limited announced that they will be creating more than 1,000 new jobs at the Ford Oakville Assembly plant in Oakville, Ontario, Canada.

Ford Oakville Assembly plant in Oakville, Canada

Ford Oakville Assembly plant in Oakville, Canada (photo – ford.com)

The 1,000 new hourly jobs at the plant will take Ford’s total employment at the Oakville Assembly plant to more than 4,000 by the end of the year.

The plant already had 2,800 employees last year in September when the company announced a C$700 million investment to expand manufacturing capability to meet surging demand, and subsequently added another 300 jobs.

The 1,000 new jobs are being added across the plant as Ford gears up for the launch of the 2015 Ford Edge. Oakville Assembly already manufactures two Ford models (Edge and Flex) and two Lincoln models (MKX and MKT).

The new 2015 Ford Edge, one of the most anticipated launches by Ford in recent history, will be made at Oakville Assembly and exported to more than 100 countries.

Ford’s massive investments in the Oakville Assembly plant over the last decade have created a huge number of jobs across Ontario and the rest of Canada.

In 2004, Ford announced a C$1 billion investment for the Oakville Assembly plant to introduce flexible manufacturing, and followed up with a C$700 million investment in 2013 to convert it into an advanced global manufacturing facility that can shift production based on consumer demand and produce vehicles sold around the world by Ford.

Not to mention that Ford’s spending on Canadian-made auto parts has now increased to almost C$4 billion per year.  It is estimated that every new auto job the company adds creates another 10 supporting jobs.

Dianne Craig, president and CEO, Ford of Canada, said in a release that investment in auto manufacturing pays off, and Oakville Assembly is proof of that. Craig added that not only is the investment helping Ford meet much-needed capacity for high demand products made in Canada, but it’s also creating jobs.

Unifor National President Jerry Dias said that the Oakville transformation is paying off for Ontario and Canada, with the project resulting in significant new jobs and generating enormous economic and fiscal benefits.

Canada Industry Minister James Moore said that federal investment in the Oakville Assembly plant has helped transform it into a state-of-the-art manufacturing facility and one of Ford’s most advanced facilities globally. Moore added that it demonstrates once again that Canada is a great place to build cars.

Last year, Ford got a hefty package of federal and Ontario economic development incentives including a C$70.9 million grant from the Government of Ontario in support of the company’s C$700 million investment plan. The federal government likewise renewed a C$250 million innovation fund for the Canadian auto industry.

Louisiana Economic Development Secures Biomedical Company Expansion With 425 Jobs

Biomedical company Renaissance RX is relocating and expanding its headquarters operations in New Orleans.

Renaissance RX in New Orleans

Renaissance RX in New Orleans (photo – renrx.com)

Renaissance RX, founded in 2012 at the New Orleans BioInnovation Center, is investing $8 million for moving to a larger 30,000-square-foot headquarters in the Central Business District in New Orleans itself.

As part of the expansion, the company will create 425 new jobs with an average annual wage of $54,100, plus benefits.

As per estimates from Louisiana Economic Development, the project will support the creation of another 407 indirect jobs, adding up to a total of more than 800 new jobs in the Greater New Orleans region.

Renaissance RX already has 80 employees in the region, and a total of more than 800 across the country.

LED Secretary Stephen Moret said in a release that the remarkable growth of homegrown Renaissance RX adds yet another significant economic development win for Louisiana, and added that the company’s expansion plan offers the promise of hundreds more professional jobs in New Orleans’ biomedical sector.

LED began negotiating with Renaissance RX for this project earlier this year in March, and secured it by offering the company five annual performance-based grants totaling $925,000. The $185,000 grants will be paid out annually for five years.

Renaissance RX will also receive workforce solutions through LED FastStart, the state’s workforce development program. The company is also expected to be eligible for incentives under the Quality Jobs Program.

Renaissance RX Founder and CEO Dr. Tarun Jolly noted that the State of Louisiana has created an extremely conductive environment for new businesses through unrivaled programs including LED FastStart workforce training and tax incentives for creating quality jobs.

Greater New Orleans economic development organization GNO Inc. President and CEO Michael Hecht said they are thrilled with the expansion of Renaissance RX in New Orleans, and added that the company’s growth is clear evidence that the region is primed to become a hub for medical research commercialization.

New Orleans Mayor Mitch Landrieu likewise noted that Renaissance RX’s expansion and growing investment in the city is a strong indication that New Orleans is poised for continued growth in the bio-innovation and health services industry.

The Mayor also commended the partnership of economic development agencies and their unwavering commitment to positioning New Orleans and Louisiana as industry leaders in this sector.

Uber Expansion in Chicago to Create 420 New Jobs

Ridesharing giant Uber is expanding its regional headquarters in Chicago and will be adding 420 new jobs by the end of 2016.

Uber Live in Chicago

Uber Live in Chicago (photo – uber.com)

Uber’s expansion announcement was made by Gov. Pat Quinn, who last month vetoed legislation (HB 4075) that would have imposed restrictions on Uber and prevented any further growth by the company in Illinois.

Uber’s Chicago office serves as their headquarters for the company’s Central Region that includes the Midwest along with Canada and Texas.

They already have 80 full-time employees in Chicago who oversee the operations and provide support for Uber ridesharing in more than 40 cites across 16 states and provinces, of which 11 are in Illinois.

Uber outgrew its current office space in Chicago in just three months, and is now moving to a 56,000-square-foot space in a building currently being remodeled for tech tenants including Uber, Twitter and Gogo Wireless.

But Uber and other ridesharing companies are facing regulatory pressure to shut down in cities all over the map. Unlicensed drivers using these transportation network companies to pick up passengers are typically considered illegal by default under state law, and it requires legislation from local or state governments to make them lawful.

For instance, the Austin City Council in Austin, TX is currently considering a resolution that would make Uber, Lyft and other ridesharing operators in the city legal. At the same time, taxi companies are lobbying the Austin City Council to introduce amendments that would force Uber and others to shut down their service in Austin.

Governor Quinn’s veto of the Uber bill in Illinois ensured that there would be no statewide restrictions on Uber and ridesharing, and individual local governments will now be able to craft their own legislation based on their own transportation needs.

Governor Quinn said in a release that Illinois is making a comeback, and cutting-edge companies like Uber are a key part of it.

“Through innovation and job creation, Uber is helping drive Illinois’ economy forward,” said Gov. Quinn.

Andrew MacDonald, regional general manager for Uber Central, said the innovative nature of their business requires that policymakers do their homework on how it works and the appropriate way to regulate it.

MacDonald noted that when policymakers do their homework, they will learn that Uber brings a number of benefits to cities including service to neighborhoods ignored by taxi companies, fewer drunk driving incidents, and higher income for drivers.

According to data published by Uber, their platform is creating 20,000 new driver jobs every month and generating $2.8 billion annually for the U.S. economy. Their econometric analysis shows that Uber’s entry into Seattle caused the number of DUI arrests to drop by 10 percent.

MacDonald added that they are glad that Gov. Quinn understands this and chose to side with consumers by vetoing the anti-ridesharing bill that would have prevented Illinois cities from enjoying these benefits.

Jacksonville, Florida Economic Development Teams Secure GE Oil & Gas Advanced Manufacturing Facility

Jacksonville Mayor Alvin Brown announced today that GE Oil & Gas has selected Jacksonville, FL as the location for a new advanced manufacturing facility.

GE Oil & Gas Jacksonville, FL project announcement

Jacksonville Mayor Alvin Brown, FL Gov. Rick Scott and City Council members with GE representatives at Jacksonville project announcement

GE will invest at least $50 million for manufacturing and IT equipment, and millions more in real estate improvements to establish the 500,000-square-foot facility at AllianceFlorida Cecil Commerce Center in Jacksonville.

The project will create a minimum of 500 full-time jobs over the next three years with an average salary of $48,850.

The GE Oil & Gas project, referred to until now as “Project Speed,” was a collaborative effort where the City of Jacksonville Economic Development Office and the JAXUSA Partnership worked with the JAX Chamber, Hillwood Investment Properties and Enterprise Florida.

Hillwood Investment Properties is the developer of the AllianceFlorida Cecil Commerce Center, one of the largest industrial parks in Florida. Hillwood signed a contract in 2010 with the City to develop 4,475 acres of City-owned property in the industrial park, which is located on what was formerly the Cecil Field Naval Air Station.

GE Oil & Gas is getting $10 million in incentives from the City of Jacksonville and $5.4 million from the State of Florida.

The Jacksonville City Council has already approved a resolution authorizing the City to enter into an economic development agreement with the company. As per the agreement, GE will get $2.5 million in local and state incentives under the Qualified Targeted Industry (QTI) Tax Refund program, including $500,000 from the City as its local match for the $2 million the State of Florida will provide.

The City would also provide the company with a Recapture Enhanced Value (REV) grant estimated at $6.5 million over the 15-year period, in addition to an Economic Development Manufacturing Employer (EDME) grant in an annual amount not to exceed $200,000 over 15 years (or a maximum total of $3 million).

Apart from the $2 million under the QTI program, the State is providing additional incentives through the Quick Action Closing Fund (QACF) and additional support and funding for workforce training through the Quick Response Training (QRT) program.

Mayor Brown said in a release that they competed against a number of other communities for this great economic opportunity, and won. “It shows that Jacksonville is a great place to do business,” said Mayor Brown.

Jerry Mallot, president of JAXUSA, the economic development arm of JAX Chamber, said this project would not have happened without the city, state and JAXUSA working together, and this is another example of how the strong partnerships in the city and state are bringing high-paying jobs to the community.

Massachusetts Approves Economic Development Incentives for Amazon and Other Projects

At its latest quarterly meeting, the Massachusetts Economic Assistance Coordinating Council approved seven projects for participation in the Economic Development Incentive Program.

Amazon fulfillment

Amazon fulfillment (photo – amazon.com)

The approval of these projects enables creation of 433 new jobs and helps retain 460 existing jobs while generating $61 million in private investment across the Commonwealth.

One of the projects is a planning expansion by Amazon.com LLC in Stoughton, MA. Amazon is expanding its fulfillment network by adding a 328,000-square-foot fulfillment facility in Stoughton that will act as a distribution hub for the New England marketplace.

This Amazon facility will act as a pass-through location for package handling, receiving packages from larger distribution centers and loading them on to trucks for delivery across New England. Amazon is investing $20 million to upgrade the facility and will install $17 million worth of equipment and machinery.

The Amazon project will create 125 net new full-time jobs in Stoughton. Amazon is getting $600,000 in tax credits for this project under the Massachusetts Economic Development Incentive Program, along with personal property tax exemptions from the Town of Stoughton valued at nearly $2.9 million.

Oxford, MA-based IPG Photonics Corporation another company undertaking an expansion that has been approved for $750,000 in EDIP investment tax credits. IPG Photonics owns its headquarters in Oxford, but is leasing temporary space in the City of Marlborough, where they now want to invest $13.5 million to purchase and renovate two vacant buildings totaling 111,000 square feet.

IPG Photonics, which develops and manufactures optic-fiber lasers and amplifiers, will establish a high-tech advanced manufacturing facility in Marlborough, along with an R&D center and dedicated space for clean rooms and labs.

The IPG Photonics project will create 100 new full-time jobs at the site and enable the relocation of 24 employees over to Marlborough from other locations, in addition to helping the company maintain its overall Massachusetts-based workforce of 911 full-time employees.  Apart from the EDIP tax credits, the company is also getting a local tax benefit of $59,262 through a five-year tax increment financing agreement with the City of Marlborough.

The other five projects approved for EDIP investment tax credits are as follows:

Jacqueline’s Wholesale Bakery, Inc. – This Salem, MA-based frozen cookie producer is investing $4.7 million for adding a new 11,130-square-foot facility with 50 new jobs, while retaining 110 existing jobs. Jacqueline’s Wholesale Bakery is getting $478,181 in EDIP tax credits and additional tax benefits valued at $75,170 from the City of Salem.

Metrigraphics, LLC – This Wilmington, MA-based micron-scale components manufacturer is looking to relocate their manufacturing operations in order to be closer to their employees. The company’s site selection process included sites in both Massachusetts and New Hampshire before finalizing a 38,000-square-foot facility in Lowell, MA for the new headquarters.

Metrigraphics is investing over $10.2 million, and the project will create 29 net new jobs while helping retain 76 existing jobs. The project is being supported with $362,500 in EDIP tax credits and tax exemptions worth more than $1.32 million from the City of Lowell.

The other three projects by SMC Limited, New England Peptide and the Freedom Credit Union are not actually receiving EDIP investment tax credits, but applied to the EACC as a requirement for approval of their tax increment financing agreements with local governments.

Michael Hunter, executive director of the Massachusetts Office of Business Development, said in a release that supporting companies that are choosing to grow in Massachusetts is one of the Administration’s key economic development objectives for creating economic opportunity in every region of the Commonwealth.

Cadillac Reshoring Draws Another Supplier With 200 Jobs to Spring Hill, Tennessee

Comprehensive Logistics Co., Inc. announced plans to establish a new facility in Spring Hill, TN to support the GM Spring Hill Assembly plant.

GM Spring Hill Assembly plant in Spring Hill, TN

GM Spring Hill Assembly plant in Spring Hill, TN (photo – gm.com)

The Youngstown, OH-based third-party logistics provider will invest $30 million into the project for building and equipping a 258,720-square-feet industrial building on 13 acres, and expects to create more than 200 new jobs.

The new Comprehensive Logistics facility will provide logistical services, parts sequencing and assembly of tires and wheels, headliners, front verticals and rear suspensions to the General Motors Spring Hill Assembly plant.

Comprehensive’s new building is on the same parcel of land on Beechcroft Road in Spring Hill where Magna International, another automotive supplier drawn by the newly resurgent GM assembly plant, is building a new $16 million facility that will supply complete seat assemblies to GM.

The Magna International project, announced earlier this month, is bringing another 357 jobs to Spring Hill and Maury County. Together, the two GM suppliers will be creating more than 570 jobs and $46 million in investments in Maury County.

All this activity is a direct result of General Motors’ decision to restart vehicle production in Spring Hill. Ever since production of the Saturn model was discontinued at this plant in 2007, GM had just been using it for stamping and production of components. But GM restarted vehicle production in Spring Hill in 2012 by adding production of the Chevrolet Equinox with a $183 million investment.

In Aug 2013, GM announced that it was increasing the total investment in Spring Hill to $350 million, and would be bringing production of more vehicles to the plant, enabling the creation and retention of a total of 1,800 jobs.

Last month, GM announced another $185 million investment at Spring Hill and made it public that one of the new vehicles being added to the Spring Hill plant is the next generation Cadillac SRX crossover, which would otherwise have been produced in Mexico. The new investment will also enable production of a new Ecotec engine in Spring Hill.

Brad Constantini, executive vice president and principal of Comprehensive Logistics Co., Inc., said in a release that they are excited to open their first operation in Tennessee and become a part of the Spring Hill community.

Tennessee Economic Development Department Commissioner Bill Hagerty said that the state consistently leads the national rankings for its distribution and logistics access, making Tennessee a standout choice for Comprehensive Logistics’ newest operation.

Spring Hill Mayor Rick Graham said that they are thrilled to “see the terrific results of what has been a successful economic development effort.”

Mayor Graham noted that the Comprehensive Logistics facility is a perfect complement to Magna, and it will make General Motors’ operations far more efficient and create more good paying jobs that will spawn more local economic growth.

The Industrial Board of Maury County is offering tax incentives for the Comprehensive Logistics project.

Kentucky Approves $11.75M Economic Development Incentives for $350M Aleris Expansion

Global aluminum giant Aleris Corp announced plans for a large $350 million investment for upgrading capabilities at its aluminum rolling mill in Lewisport, KY.

Aleris Lewisport Rolling Mill in Lewisport, KY

Aleris Lewisport Rolling Mill in Lewisport, KY (photo – aleris.com)

The company is making this huge investment to ensure capability to fulfill anticipated growth in North American automotive demand as the industry moves towards broader use of aluminum to produce lightweight and fuel-efficient vehicles.

Aleris is planning to begin construction in the fall, and will start shipping aluminum automotive body sheet material by early 2017. Once fully operational, the new facility in the plant will be producing 480 million pounds of aluminum auto body sheet every year.

Aleris Chairman and CEO Steve Demetriou said that the key to their success in Europe has been the strong partnerships they have with customers on research and development, and added that they will be taking a similar approach in North America, ensuring that Aleris customers have the aluminum innovation that meets their specific needs.

The large investment and new capability in Lewisport positions the company for growth in the North American market, and also secures the 800 existing jobs at the 1.6 million-square-foot Lewisport Rolling Mill.

Aleris already has an existing facility in Duffel, Belgium with aluminum auto body sheet finishing capabilities, but Lewisport will be their production site for this in North America.

Cleveland, OH-based Aleris Corp (NYSE:ARS) has more than 40 production facilities spread across North America, Europe and Asia. Including the Lewisport Rolling Mill, Aleris has 11 rolled aluminum production facilities in North America alone.

According to the Kentucky Cabinet for Economic Development, Aleris chose the Lewisport facility and Kentucky to be their first North American facility with aluminum auto body sheet finishing capabilities because of the Commonwealth’s business-friendly environment and strategic location.

Governor Steve Beshear said in a release that the Aleris investment is a testament to Kentucky’s strong workforce and pro-business attitude. The Governor added that thanks to companies like Aleris, Kentucky is a driving force in the aluminum industry.

The aluminum industry supports more than 20,000 jobs in Kentucky, and last year accounted for more than $2 billion in state GDP.

The Kentucky Economic Development Finance Authority is supporting the Aleris project with $11.75 million in tax incentives. This includes $11 million under the Kentucky Reinvestment Act, and another $750,000 under the Kentucky Enterprise Initiative Act.

KRA incentives are meant to assist large capital investment projects that enable the investing company to stay competitive. Incentives under the Kentucky Enterprise Initiative Act are meant to allow the company to recoup sales and use tax and equipment purchase costs related to the construction.

 

 

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