Job Creation

NMSU, Las Cruces, New Mexico Economic Development Partnerships Secure ARCA UAS Testing Facility

ARCA Space Corporation announced plans to build a new manufacturing and testing facility at Las Cruces Airport in New Mexico. The company will produce and conduct field tests of its AirStrato unmanned aerial systems (UAS) and Haas rocket series at this facility.

ARCA Air Strato UAV in Hangar

ARCA Air Strato UAV in Hangar (photo – Dragos muresan/wikipedia)

The project is supported by funding from the New Mexico Economic Development Department, an abated lease from the City of Las Cruces, and assistance from Mesilla Valley Economic Development, the NMSU Arrowhead Center, and the university’s Physical Science Laboratory.

The company is investing $1.2 million to construct a new 14,000-square-foot hangar and manufacturing space at Las Cruces Airport. As part of this project, ARCA Space Corp. has committed to creating at least 100 jobs in the next three years. These will be jobs with an average annual salary of $52,000.

ARCA was originally founded in Romania, and has succeeded in launching 15 flight missions in the last 16 years. After relocating its headquarters to Las Cruces, NM last year, ARCA is now a U.S.-based research and development company that aims to be a leader in the growing UAV market.

ARCA CEO Dumitru Popescu said in a release announcing the project that two of their space vehicles currently in development will be brought to Las Cruces in the near future for testing, manufacturing and operations from Spaceport America.

In order to secure the project, the New Mexico Economic Development Department announced that it will contribute $500,000 in Local Economic Development Act (LEDA) funds towards the construction of ARCA’s hangar and manufacturing space.

City of Las Cruces economic development incentives for the project, with an estimate value of $55,000, include an abated lease of office, showroom and hanger space for one year.

Governor Susana Martinez said in the release that not only does New Mexico now have a competitive business environment but a strong aerospace infrastructure with NMSU Physical Science Laboratory and Spaceport America positioning New Mexico to be an industry leader.

NM Economic Development Secretary Jon Barela said that the Martinez Administration, local officials, Mesilla Valley Economic Development and New Mexico State University all played an important role in bringing this amazing project to Las Cruces.

Las Cruces Mayor Ken Miyagishima likewise noted that this is a great example of collaboration between the State and City in using the Local Economic Development Act (LEDA) to attract good, family-sustaining jobs to Las Cruces in an industry that has enormous potential.

Mayor Miyagishima added that local partners like New Mexico State University, Arrowhead Incubator, the Physical Science Laboratory, the New Mexico Space Grant Consortium, Spaceport America, and MVEDA all worked on presenting Las Cruces as an ideal location for ARCA Space.

NMSU Vice President for Economic Development Dr. Kevin Boberg said in the release that NMSU’s economic development engine Arrowhead Center has been working with ARCA on a New Mexico Small Business Assistance Grant, and their Physical Science Laboratory worked with the company on securing FAA certifications.

Dr. Boberg added that this is an exciting demonstration of NMSU’s continued role in economic development through academic achievement.

Local, State, Federal Economic Development Partnership Secures DPM Fragrance Expansion in Starkville, MS

DPM Fragrance, a manufacturer of candles and other home fragrance products, announced plans for building a new facility in Starkville, MS.

DPM Fragrance

DPM Fragrance (photo -dpmfragrance.com))

The project has been approved to receive local, state and federal incentives from the Oktibbeha County Economic Development Association, Mississippi Development Authority and the Appalachian Regional Commission, and was supported by regional economic development organization Golden Triangle Development LINK.

DPM Fragrance is investing $5 million to establish a 150,000-square-foot facility on a 25-acre site in Cornerstone Park, off MS Highway 25. The company, which already manufactures all of its products at a facility in Starkville with 160 existing employees, expects to create another 100 new jobs at the new facility.

Governor Phil Bryant said in a release announcing the project that he appreciates DPM Fragrance for its commitment to the Starkville area and the State of Mississippi, and thanked the company for creating these new jobs. Gov. Bryant added that he looks forward to DPM Fragrance’s continued growth and success in Oktibbeha County.

DPM Fragrance has been growing at a fast clip of about 30 percent in the last few years, and is regularly included in the Inc. 5000 list of fastest growing privately-owned companies in the U.S. Last year alone, the company doubled its team and has added a second production shift.

The new facility will expand the company’s production capacity and improve efficiencies through new technology, while at the same time consolidating all their offices in one location.

Tom Reed, the company’s owner, said in the release that they have proudly called Starkville home for the last 25 years. Reed added that it’s a town where they have built their success, and added that they look forward to continuing that partnership as they continue to grow.

Mississippi economic development agency MDA is supporting the project, and DPM Fragrance’s expansion in Starkville will be facilitated through funding from the Community Development Block Grant Program.

MDA Executive Director Glenn McCullough said they salute their partners at the Golden Triangle Development LINK, the Oktibbeha County Economic Development Association and the Appalachian Regional Commission for great teamwork resulting in this expansion.

Golden Triangle Development LINK is the regional economic development organization serving Clay, Lowndes and Oktibbeha counties in northeast Mississippi. GTR LINK CEO Joe Max Higgins said in the release that DPM Fragrance choosing to continue their growth in Starkville says a lot about their relationship with the local community.

Space Coast, Florida Economic Development Groups Secure Harris Corp Headquarters in Melbourne

Harris Corporation has announced that it will continue to maintain its corporate headquarters in Melbourne, FL, following the company’s acquisition of Exelis Inc. and subsequent reorganization of their combined facilities and operations.

Harris Corp

Harris Corp (photo -harris.com)

Following the acquisition of Virginia-based Exelis, the company was expected to decide whether to maintain its headquarters in Florida or relocate to Virginia.

The Economic Development Commission of Florida’s Space Coast and State of Florida economic development leaders have been working closely with Harris Corp leadership since the acquisition of Exelis. The decision to maintain the company’s headquarters in Brevard County comes as a result of multiple meetings and discussions that have taken place between them.

Harris Corporation Chairman, President and CEO William Brown said in a release announcing their decision that they are proud of their decades-long relationship with the local community and appreciate the support of the Governor and the local economic development commission as the company remains focused on future growth.

Harris Corp has been headquartered in Florida since 1978, and is the sole top 10 defense contractor to be based in the Sunshine State. The company has some 6,000 employees in Florida, including 3,200 scientists and engineers. Florida is also the location for the company’s $1 billion R&D operations, with the Harris Tech Center in Palm Bay, FL as the hub.

Governor Rick Scott said in the release that “We are excited to announce today that Harris Corporation has chosen Florida as the best place for their business.”

Space Coast EDC President and CEO Lynda Weatherman said in the release that Harris’ impact as an economic powerhouse is felt beyond jobs and the prestige its corporate headquarters provides allows them to be globally competitive.

Harris Corp’s operational impact extends well beyond Brevard County and Melbourne economic development. Harris spends $250 million doing business with 1,200 Florida suppliers. They also obtain half of their new college graduate hires from schools in Florida. Community charities in Florida have received $15 million and 300,000 hours of volunteer time from Harris Corp and its employees over the past five years.

In addition to selecting Melbourne as the location of its corporate headquarters, Harris also announced that they will base two of their four newly reorganized segments – the Electronic Systems as well as the Space and Intelligence Systems segments – in Palm Bay, FL.

A third segment, the Critical Networks segment that combines elements of Harris and Exelis businesses, will be based in Herndon, VA. Harris has about 3,000 employees in Virginia.

A fourth segment, the newly formed Communication Systems segment, also combines Harris and Exelis operations, and will be located in Rochester, NY. Harris has been part of the Rochester business community for more than 55 years, and has about 4,000 employees in New York.

All told, Melbourne, FL-based Harris Corporation (NYSE:HRS) has about 23,000 employees and generates $8 billion in annual revenue, supporting customers in more than 125 countries.

Dimensional Fund Selects Charlotte For East Coast Regional HQ

Global investment firm Dimensional Fund Advisors LP announced the selection of Charlotte, NC as the location for their new east coast regional headquarters.

Charlotte

Charlotte (photo -WashuOtaku/flickr)

Supported by North Carolina economic development incentives and assistance from the City of Charlotte, Mecklenburg County, the Charlotte Chamber of Commerce and other local and regional partners, the company will invest approximately $105 million to acquire property and build and equip the new headquarters building.

Dimensional expects to create 316 jobs in Charlotte over the next five years. Salaries for the new jobs being created will vary by function, but the average annual wages are projected to be $147,025. That’s more than double the average wage of $59,882 in Mecklenburg County.

Austin, TX-based Dimensional Fund Advisors already has 900 employees located at 11 offices in eight countries. As of March 31, the company had global assets under management of $398 billion.

David Booth, Chairman and Co-CEO of Dimensional, said in a release announcing the project that they are energized by Charlotte’s vibrancy and believe their business is well matched for the community.

Governor Pat McCrory said in the release that Charlotte has established itself as the major financial center in the Southeast, so it is well-suited for a company like Dimensional.

For now, the company plans to lease office space in Uptown Charlotte, while proceeding with plans to construct the new headquarters building that could be complete by the fourth quarter in 2018.

Booth added that they are thankful for the support offered to them by the state of North Carolina, Mecklenburg County, and the City of Charlotte.

In order to secure the project, the company has been approved for a state tax incentives award through the Job Development Investment Grant (JDIG) program. Dimensional will be eligible to receive up to twelve annual reimbursements equaling 75 percent of the state personal income tax withholdings from the eligible new jobs they will be creating.

This could lead to the company saving more than $10.3 million by the time they create the 316 new jobs in Charlotte. Furthermore, since the project is located in a relatively prosperous location such as Mecklenburg County, the JDIG program requires a percentage of the award to be allocated for economic development in economically distressed counties in the state. This could mean another $3.4 million in NC economic development funding for infrastructure projects.

Apart from the North Carolina, Mecklenburg County and Charlotte economic development teams, the project received assistance from the NC Community College System, Central Piedmont Community College, the Charlotte Chamber of Commerce, and Charlotte Center City Partners.

Charlotte Chamber President and CEO Bob Morgan said in the release that Dimensional’s decision to locate in the Queen City proves, once again, that Charlotte offers the perfect mix of factors for major companies in their site selection process.

Volkswagen Attracts More Automotive Suppliers and Jobs to Chattanooga

Chattanooga and Tennessee have secured yet another economic development project related to Volkswagen’s manufacturing operations.

Tennessee

Tennessee (photo – scmikeburton/flickr)

This time, it is Yanfeng, the world’s largest automotive interiors supplier, who is investing $55 million to establish a new manufacturing facility in Chattanooga to support Volkswagen. Yanfeng has leased a site in the Enterprise South industrial park close to Volkswagen.

The new Yanfeng plant, which will be the company’s fourth one in the U.S., is expected to create 325 new jobs for Chattanooga and Hamilton County. It will supply interior components such as floor consoles and instrument panels for future vehicle models produced at the Volkswagen Chattanooga assembly plant.

In a release announcing the project, Governor Bill Haslam welcomed Yanfeng Automotive Interiors to Tennessee and thanked the company for its investment in Chattanooga and Hamilton County.

Tennessee Economic and Community Development Commissioner Randy Boyd likewise thanked Yanfeng Automotive Interiors for recognizing the advantages of doing business in Tennessee, for its investment in Chattanooga and the new jobs being created for East Tennessee citizens.

Shanghai, China-based Yanfeng Automotive Interiors employs more than 28,000 people spread across more than 90 manufacturing and technical centers in 17 countries. This includes three existing U.S. plants in Harrison Township and Warren, MI and one in Riverside, MO.

Chattanooga Mayor Andy Berke said in the release that Yanfeng’s choice to invest in Chattanooga demonstrates again their success in growing the economy and making the city a world-class destination for innovation and the automotive industry.

Apart from the TNECD, Hamilton County, and Chattanooga economic development assistance, the project was supported by the Chattanooga Area Chamber of Commerce, Tennessee Valley Authority, and the Chattanooga Electric Power Board.

TVA Senior Vice President of Economic Development John Bradley said in the release that TVA and EPB of Chattanooga welcome and congratulate Yanfeng Automotive Interiors on its decision to locate operations and create hundreds of quality jobs in Chattanooga.

Hamilton County Mayor Jim Coppinger added that Yanfeng Automotive Interiors is another success that validates their investment in Enterprise South.

A large part of the Enterprise South industrial park has been taken up by Volkswagen, and its suppliers are now quickly adding to the number of automotive companies selecting to locate new and expanded facilities in Chattanooga and the state of Tennessee.

Meanwhile, RemSourceUSA, Inc., an affiliate of Remington Industries, announced plans to establish a new $4 million facility in Ooltewah, TN. This project is expected to create another 89 new automotive sector jobs in the Chattanooga area.

South Carolina Economic Development Grant For $10M MPW Project in Georgetown County

MPW Industrial Services, a company that provides industrial cleaning, water purification, facility management and environmental management services, announced plans to establish a new industrial water regeneration plant in the Georgetown County Business Center in Andrews, SC.

MPW Industrial Services

MPW Industrial Services (photo -mpwservices.com)

Supported by a South Carolina economic development grant and assistance from the Georgetown County Economic Development Department and other local and regional partners, the company is investing $10 million into the project.

MPW has already purchased an existing building that was built and is owned by Georgetown County. The company will be retrofitting it for the industrial water regeneration plant.

The project is expected to create 32 new jobs at the facility, in addition to temporary construction jobs. The generation plant will serve MPW clients within a 500-mile radius.

Jared Black, general manager of the MPW Industrial Water division, said in a release that in addition to being business friendly, Georgetown County is a great location because they can easily reach clients from Florida to Alabama.

In order to secure the project, the company has been offered $225,000 in state and local incentives. This includes a a $200,000 Set Aside grant approved by the South Carolina Coordinating Council for Economic Development. This grant will assist Georgetown County with the costs of real property improvements required by MPW for the new industrial water generation plant.

The Georgetown County Economic Development Department has been working with the company for more than a year to bring the project home for the county. County Council Chairman Johnny Morant said in the release that they are delighted that MPW Industrial services has chosen to locate in Georgetown County and make an investment of this size in the county.

The County’s Economic Development Department Director Brian Tucker said their entire team has worked hard for months to get to this point, and added that this is a great win for the county and the broader community.

In addition county staff and officials and the SC Commerce Department, other partners who worked to secure the project include the Georgetown County Alliance for Economic Development, North Eastern Strategic Alliance, Santee Electric, and the Georgetown County Water and Sewer District.

The Georgetown facility will be MPW’s fifth industrial water regeneration plant, adding to the capacity of their existing facilities in Newark, OH; Port Arthur, TX; Sedalia, MO; and Wilkes-Barre, PA.

Hebron, OH-based MPW Industrial Services, with thousands of clients across North America, has nearly 3,000 employees across some 72 locations in the U.S. and Canada.

Silvercup Brings Production Studios, Jobs and Economic Development to the Bronx

New York City’s iconic production studio Silvercup Studios is now expanding to the Bronx with a new studio complex in the Port Morris section of the borough.

Silvercup Studios

Silvercup Studios (photo – AAK/wikipedia)

Silvercup will invest $35 million to convert a warehouse into a 115,000-square-foot full service production facility called Silvercup North with four production studios that will have 50-foot-high ceilings.

The facility is expected to generate millions of dollars in tax revenue and create 400 production jobs in the Bronx, in addition to the 80 to 100 construction jobs while the facility is being built.

The productions that use the studios will additionally fuel the economy by purchasing goods and services from local suppliers. Shops, offices and other supporting services and space required for film and television production will be located on-site. There’s also the positive impact of the availability of these production facilities on efforts to attract new film and television productions to the five boroughs and the state.

Mayor Bill de Blasio said in a release announcing the project that “Every year the production industry injects over $7.1 billion to our local economy and creates over 130,000 jobs in New York City, and thanks to Silvercup’s new studio, the Bronx will now receive its piece of this pie.”

Bronx Borough President Ruben Diaz Jr. added that this expansion will not only bring new jobs and Bronx economic development, but will also help them continue to rebrand the borough and showcase the transformative development seen over the past decade.

Empire State Development President, CEO and Commissioner Howard Zemsky said in the release that the film and television industry is a key component of New York State’s economic development strategy that injects billions of dollars into the economy and creates thousands of industry jobs for New Yorkers.

Commissioner Cynthia Lopez, Mayor’s Office of Media and Entertainment, added that this new facility in the Bronx will not only increase stage options for the production industry, but it will also bring new jobs and business opportunities to the borough.

Silvercup CEO Alan Suna said in the release that the Bronx is undergoing a tremendous revitalization right now, and added that they’re excited to expand their studios in the Bronx as the industry continues to grow and to bring with it high quality production jobs and the resulting benefits from having this production work remain in New York.

Silvercup Studios already has New York City’s largest full-service film and television production facility at the Silvercup Main Lot in Queens, and the Silvercup East Lot has more drive-on studios. The Queens facility with the iconic Silvercup sign has been home to major motion pictures such as When Harry Met Sally and The Devil Wears Prada, and famed television productions such as the Sopranos, 30 Rock, and Gossip Girl.

With this latest expansion to the Bronx, Silvercup Studios will have more than 500,000 square feet of studio space citywide.

Avid Technology Expands Headquarters Operations to Boca Raton, Florida

Video and audio production technology company Avid Technology, Inc. is expanding its North American headquarters operations by adding an administrative hub in Boca Raton, FL.

Avid Everywhere

Avid Everywhere (photo – Psychlist1972/flickr)

Supported by Enterprise Florida, the Business Development Board of Palm Beach County and Boca Raton economic development assistance, the company is making a $2.6 million capital investment and expects to create 100 new jobs over the next three years.

Avid Technology’s award willing solutions like Media Composer and platforms like Avid Everywhere are used by some of the world’s largest media organizations, along with studios, artists and others in the entertainment and media industry to create, monetize and distribute music, feature films, videos, commercials, television shows, news broadcasts and even live concerts.

John Frederick, executive vice president, chief financial officer and chief administrative officer of Avid, said in a release announcing the project that establishing this hub for their critical administrative functions in Boca Raton will serve as a gateway location to their Latin American customers, and will give Avid access to one of the top growing talent pools in the U.S.

Frederick added that they look forward to contributing to the Palm Beach County job economy with this expansion and becoming part of the community.

Governor Rick Scott said in the release that “Avid considered national and international locations for this expansion and we’re excited to announce that they selected Florida.”

In order to secure the project, Enterprise Florida and the Florida Department of Economic Opportunity (DEO) worked in partnership with the City of Boca Raton and the Business Development Board of Palm Beach County.

Enterprise Florida President and CEO Bill Johnson said in the release that they are happy to welcome Avid to Florida’s robust IT sector and look forward to their growth. Boca Raton Mayor Susan Haynie added that Avid will be a great addition to the expanding technology cluster that has developed in Boca Raton.

Palm Beach County BDB President and CEO Kelly Smallridge likewise noted that every month, more and more companies are choosing Palm Beach County to build their businesses. Smallridge added that Avid’s decision to expand into Boca Raton is a huge win and they will have a significant impact on the area.

Burlington, MA-based Avid Technology, Inc. (NASDAQ:AVID) was founded in 1987 and led the revolution in non-linear editing. Their commitment to open standards and innovative technology has led to numerous media industry technology awards, including a couple of Oscars, a Grammy and over two dozen Emmys.

Pennsylvania Awards Economic Development Funding for Projects Creating, Retaining 276 Jobs

Following a meeting of the Board of the Pennsylvania Industrial Development Authority, the state announced the approval of $4.5 million in low-interest loans for four projects in Berks, Bucks, and Monroe counties.

PIDA loans

PIDA loans (photo -newpa.com)

These four projects are expected to generate more than $14.6 million in investments and create a combined total of 105 new jobs and retain 171 jobs.

The Bucks County Economic Development Corporation has been awarded loans for two projects. One is a $400,000, 15-year loan at three percent, provided to assist a $3.25 million expansion project by Shades of Green, Inc. in Falls Township, PA.

The loan will help the company acquire and renovate a 109,586-square-foot building not far from its existing location. Shades of Green converts green waste into mulch, and the state assistance will allow the company to expand its growing green recycling operation. As a result of this expansion, Shades of Green will create two new jobs while retaining nine existing positions.

The second project in Bucks County receiving state assistance is a $4.55 million project by Jadeite Foods LLC in Bensalem Township, PA to establish a facility for producing tofu foods. The Bucks County Economic Development Corporation was awarded two loans for this project.

One is an $800,000, 15-year loan at 2.25 percent, awarded to help the company acquire and renovate a 13,790-square-foot building. The other $400,000, seven-year loan at three percent was awarded to help the company purchase new machinery and equipment. This project is expected to create 24 new jobs.

The PIDA Board also approved a $2 million, 15-year loan at 2.25 percent for the Greater Berks Development Fund to assist a $4.3 million relocation project by Prizer-Painter Stove Works, Inc. The company, which produces cast iron stoves, is relocating to a 347,582-square-foot building in Maidencreek Township, PA. The building formerly housed the James Hardie Industries plant that closed in 2008.

Prizer-Painter will relocate all its existing employees to this new 24-acre site, in the process retaining 162 existing jobs in Berks County and creating 40 new jobs.

The fourth project awarded loans by the PIDA Board is a $2.5 million project by Harmony Labels, Inc. to establish a manufacturing facility in East Stroudsburg Borough, PA that will produce pressure sensitive labels for personal care products.

A $500,000, 15-year loan at 2.25 percent awarded to Pocono Mountains Industries will enable Harmony Labels to acquire and renovate a 13,790-square-foot building, and another $400,000, five-year loan at 3.25 percent will help the company purchase new machinery and equipment. This project is expected to create 39 new jobs.

Pennsylvania Department of Community and Economic Development Secretary Dennis Davin said in a release announcing these loan awards that the projects approved by the PIDA board this month are receiving the critical capital needed to support the growth of their companies.

Texas HR Services Firm Creates Jobs in Londonderry, Northern Ireland

Texas-based HR services firm OneSource Virtual has selected Londonderry in Northern Ireland as the location for its first European operations.

Onesource Virtual

Onesource Virtual (photo – onesourcevirtual.com)

Supported by Northern Ireland economic development agency Invest NI, the company is expected to create 289 new jobs at their Londonderry center by 2017.

The new jobs being created in Londonderry will be across a range of functions, where most of the new hires will have the potential to earn about $56,000. Once fully operational, the facility is expected to contribute a total of nearly $18.67 million in annual salaries to the economy.

OneSource Virtual is a leading BPO provider and services more than 30 percent of Workday’s customer base. Apart from their headquarters in Irving, TX, the company last year also announced the opening of a second office location in the U.S. in Mesa, AZ, and expects to create 120 new jobs in the Phoenix area.

The opening of the Phoenix office signaled the company’s transition to a geographic servicing model where customers in the Pacific and Mountain time zones are serviced by the Phoenix office while their central and eastern time zone customers continue to be served by the Dallas operations.

The new OneSource Virtual center in Londonderry, which will open later this year in September, will likewise provide innovative, cloud-based solutions to international firms, and will service the company’s existing clients in the U.S. as well as the new clients they expect to gain in Europe as a result of this expansion.

U.K. Enterprise, Trade and Investment Minister Jonathan Bell said in a release announcing the project that this is a major project for Londonderry, and added that the company undertook a rigorous evaluation of a number of locations.

Bell said they looked at the availability of a skilled workforce and local higher education provision, as well as the quality of life, cost of living, and the financial business case.

It came down to Londonderry and another site. With Invest NI’s support, the company ultimately picked Londonderry for the project. OneSource Virtual co-founder and CEO Brian Williams said in the release that with support from Invest NI through its Skills Growth Programme, they will be providing the staff with intensive training and support throughout their career.

Williams added that they have been very impressed by the opportunities they see in Londonderry, and added that they are looking forward to working closely with the business community and local colleges and universities to help develop their center.

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