Job Creation

Stoneridge Relocating Corporate Headquarters to Novi, Michigan

Stoneridge, Inc. (NYSE: SRI) has announced plans to relocate its corporate headquarters to Novi, MI and expand its presence in the Detroit metropolitan area.

Novi, MI

Novi, MI (photo –

Supported by Michigan Business Development Program grant, workforce training funding and support from Oakland County, and additional Novi economic development tax incentives, the company will invest $5.2 million to establish its new corporate headquarters and complete the relocation by the third quarter of this year.

The City of Novi and Oakland County stand to gain as many as 70 jobs that will come with the Stoneridge corporate headquarters currently located in Warren, OH. The company also said the move to the new headquarters would provide flexibility to create up to 70 more jobs to support the company’s future growth needs.

Stoneridge said in a statement that they are committed to providing assistance for employees who relocate as well as for those who do not remain with the Company.

The company also pointed out that Stoneridge remains committed to the state of Ohio and will continue to be incorporated in Ohio. Also, their manufacturing facility in Lexington, OH will continue to operate as a global center of its Control Devices business.

Stoneridge currently has approximately 4,100 employees worldwide, and its global footprint includes 27 locations in 12 countries. There will be no impact on any of the locations except the Warren headquarters, and an existing sales office in Novi that will be consolidated with the new corporate headquarters.

Michigan was chosen over competing sites due to its advantages of being an automotive center with access to customers, engineering capabilities and talent.

Jon DeGaynor, President and Chief Executive Officer of Stoneridge, said in a statement that the new headquarters location will improve their ability to attract new talent from a larger base to enhance technology innovation capabilities and support additional growth. “The state of Michigan has been a valuable and resourceful partner in helping us take this next step in our goal to drive operating excellence and take our business to a higher level of performance,” added DeGaynor.

The Michigan Economic Development Corp. (MEDC) announced that Stoneridge has been awarded a $1.4 million Michigan Business Development Program grant. Oakland County Michigan Works! Will provide talent services and training support valued at $0.7 million. The county is one of over two dozen agencies in Michigan providing free workforce services to businesses and talent at eight locations.

The company has also been offered City of Novi economic development incentives in the form of a property tax abatement.

Founded in Warren, OH in 1965 by D.M. Draime as a one-customer contract manufacturing business serving the automotive market, Stoneridge, Inc. is now a global designer and manufacturer of highly engineered electrical and electronic components, modules and systems for the commercial vehicle, automotive, off-highway and agricultural vehicle markets.

Mason City, Iowa to Consider Incentives for $240M Prestage Foods Facility With 1000 Jobs

Prestage Farms has announced the forming of a new company, Prestage Foods of Iowa, LLC, to build and operate a new fresh pork processing facility in Mason City, IA.

Prestage Foods of IA Mason City Facility

Prestage Foods of IA Mason City Facility (rendering –

Supported by state and Mason City economic development tax incentives, the company plans to make a total capital investment in excess of $240 million to build a state-of-the-art facility that will be over 650,000 square feet.

Prestage expects to employ as many as 1,000 people in a single shift, killing 10,000 hogs per day. Future expansion plans will be able to accommodate a second shift with another 1,000 employees.

Later today, the City Council of Mason City is scheduled to hold a meeting in which it will consider approving a resolution of support for Prestage Foods of Iowa, LLC’s application to the Iowa Economic Development Authority for state incentives under the High Quality Jobs Program (HQJP). The IEDA Board will consider this application at its meeting this Friday.

Prestage Foods of Iowa, LLC is expected to receive a 50 percent rebate on its property taxes in Mason City for a 10-year period, for a total maximum of $13,950,000. The state incentives for the project under HQJP are pegged at $11,160,000. According to the HQJP application, the facility will employ 922 employees at an average wage of $15.51 per hour, and an average wage of $17.04 after three years.

The City will also commit to making water and sewer utility improvements to support the project needs, and will seek financial support from the Iowa DOT RISE grant program for road improvements.

Dr. Ron Prestage, DVM, on behalf of the Prestage family, said in a statement that “We have been impressed with the help and support provided by local and state officials, the Iowa Pork Producers Association, NPPC, and the National Pork Board.”

“Having produced market hogs in IA for the past dozen years, we believe Mason City is the right place for us to strategically build this new plant,” added Dr. Prestage.

IEDA, the City of Mason City and regional economic development group North Iowa Corridor have been working with Prestage Foods of Iowa to ensure that the company locates its facility in Mason City. An initial site visit and tour of the community was conducted in December last year, and discussions continued after the initial visit was deemed favorable for Mason City.

Prestage Farms, Inc. is a family-owned and operated business that already directly employs more than 2,000 people, contracts with more than 450 farm families in seven states, and produces more than 1 billion pounds of meat annually.

Gilbert, Arizona Focus on STEM Jobs Secures Orbital ATK Expansion

Aerospace and defense technologies company Orbital ATK has announced an expansion of its satellite manufacturing facility in Gilbert, AZ.

Orbital ATK Cygnus Spacecraft

Orbital ATK Cygnus Spacecraft (photo –

Supported by the Arizona Commerce Authority and the City of Gilbert, the company will add 60,000 square feet to the site that already houses one of the largest and most advanced spacecraft assembly and test facilities in the United States.

The company expects the project to create an estimated 155 full-time, high-wage jobs over the next five years, adding to the 261 employees already working at the existing site.

Factoring in additional facilities in Chandler and Mesa, AZ, Orbital has a total of over 1,750 high-tech and high-paying aerospace and defense jobs in the state. That makes the company a significant employer in Arizona’s robust aerospace and defense sector that contributes $38 billion annually to the Arizona economy and employs more than 52,000 workers.

Dulles, VA-based Orbital ATK (NYSE: OA), which designs, builds and delivers space, defense and aviation systems for customers around the world, was created last year as a result of the merger of Orbital Sciences Corporation with the defense and aerospace divisions of Alliant Techsystems. The new merged entity now employs approximately 12,000 people in 18 states across the U.S. and in several international locations.

Governor Doug Ducey said in a statement that “I am thrilled that one of the largest aerospace and defense companies in the world once again has selected Arizona for its expansion plans, and to support its critical operations.”

Orbital ATK’s Gilbert Site Director Rick Kettner added that Orbital ATK has been developing satellites in the Gilbert area for more than 25 years through our heritage business. “This cooperative agreement with the state of Arizona and Gilbert helps ensure we will continue to do so for years to come,” added Kettner.

Sandra Watson, president and CEO of the state’s leading economic development organization, the Arizona Commerce Authority (ACA), noted that Orbital ATK’s expansion in Arizona is further evidence that Arizona has a leadership position in the aerospace and defense industry. “Our state’s highly skilled workforce, pro-business climate, strategic location, and excellent quality of life combined with a rich aviation history provide the ideal location for aerospace and defense companies to grow their businesses,” said Watson.

Mayor John Lewis likewise highlighted their focus on growing STEM jobs and the resultant Gilbert economic development benefits. “A company like Orbital ATK could have expanded its operations elsewhere in the country,” said Mayor Lewis. “The fact that they plan to continue to invest in our great community is a testament to our mutually beneficial relationship and Gilbert’s focus on growing STEM occupations in aerospace and manufacturing sectors.”

Norfolk Southern Corporate Headquarters Expansion Brings Another 165 Jobs to Norfolk, Virginia

Norfolk Southern Corporation (NYSE: NSC) has announced plans for an expansion of its corporate headquarters in Norfolk, VA.

Norfolk Southern HQ in Norfolk, VA

Norfolk Southern HQ in Norfolk, VA (photo – William Grimes/wikipedia)

The project includes an investment of $8.2 million and the addition of 165 new jobs in Norfolk, necessitated by the consolidation of the company’s corporate offices in Norfolk and Atlanta, and the relocation of several departments from Roanoke to Norfolk.

Roanoke remains the headquarters for Norfolk Southern’s Pocahontas Division, and more than 1,350 employees will continue to work in the city. A local switching yard and locomotive and car maintenance facilities will also continue to remain in Roanoke.

In a statement announcing the expansion, Governor Terry McAuliffe said that “Norfolk Southern is a vital corporate partner and economic engine for the Commonwealth, and retaining the company’s strong presence in Virginia is a top priority.”

Gov. McAuliffe has approved a $1.925 million grant from the Commonwealth’s Opportunity Fund to assist the City of Norfolk with the project.

Norfolk Mayor Paul D. Fraim noted that “Norfolk Southern continues its long-term relationship with Virginia and Norfolk by choosing to relocate 165 new jobs to our city.”

Jim Squires, NS chairman, president and CEO added that “Norfolk Southern has called the City of Norfolk home since 1982 and has been a vibrant partner in economic development and community initiatives.”

But the company’s impact on Norfolk economic development pales in comparison with the impact of the NS rail network in the eastern United States. In Virginia, Norfolk Southern last year employed 4,537 people, funded a payroll of $363 million, and spent $223 million in purchases and payments with suppliers and local businesses.

The Norfolk Southern Railway Company operates approximately 20,000 route miles in 22 states and the District of Columbia, and serves every major container port on the east coast. Norfolk Southern operates the most extensive intermodal network in the East and is a major transporter of coal, automotive, and industrial products.

Last year alone, Norfolk Southern’s economic development assistance helped 61 industries locate and another 32 expand in communities along its rail lines, in the process facilitating $4.2 billion in industrial investment. These projects are expected to create 6,200 new jobs in the railroad’s territory, generating more than 85,000 carloads of new rail traffic annually.

Norfolk Southern works with state and local economic development authorities on projects involving site location and development of infrastructure to connect customers to its rail system. NS provides free and confidential plant location services, including industrial park planning, site layout, track design, and supply chain analysis.

Over the past 10 years, the NS Industrial Development Department has participated in the location or expansion of a total of 989 facilities representing an investment of nearly $60 billion and creating more than 42,000 new customer jobs in the territory served by the railroad.

World’s Largest Yogurt Plant in Twin Falls, Idaho is Growing Larger

Chobani, LLC has announced a major expansion of its manufacturing facility in Twin Falls, ID, which it already bills as the world’s largest yogurt plant.


Chobani (photo –

This expansion is comprised of a nearly $100 million incremental investment for new production lines, equipment for adjacent categories, and launch of products in new international markets.

Chobani commissioned its second domestic manufacturing facility in Twin Falls in 2013, and invested more than $450 million to build the 1 million-square-foot facility.

In a statement announcing the $100 million incremental investment at this plant, Chobani Chairman and Chief Executive Officer Hamdi Ulukaya said that “Building the largest yogurt manufacturing plant in the world and expanding it three years later is a really proud moment for us and an example of how right it was to pick Idaho as our second home.”

Norwich, NY-based Chobani was founded in 2005, with its first plant in New Berlin, NY housed in what was formerly a Kraft Foods facility. Chobani’s market-share of overall yogurt is 19.3, and translates to a 36.1 share of overall Greek Yogurt.

The company currently receives up to four million pounds of fresh milk from local farms in New York and Idaho every day and employs more than 2,000 people. For every hire that Chobani makes, it is estimated that up to 10 jobs are created in its communities. With this latest $100 million expansion, the company’s workforce in Idaho has grown to over 1,000.

Chobani also works closely with its communities in Twin Falls and Central New York to support local initiatives. For instance, the company has initiated a job training program in conjunction with the College of Southern Idaho. The Chobani Foundation, Chobani’s charitable arm, has supported several projects, including the Twin Falls Downtown Renaissance Project.

Governor C.L. “Butch” Otter highlighted the ongoing Idaho economic development benefits arising out of Chobani’s success and growth in Twin Falls. “The kind of success that Chobani is experiencing in the Magic Valley is setting a great example of regional collaboration between employers and community leaders throughout Idaho,” said Gov. Otter. “And it has economic development leaders all over America standing up and taking notice of what Idaho has to offer.

The Governor added that “I’m proud that Chobani chose Idaho and is helping us set a golden example of what it means to accelerate Idaho by moving at the speed of business.”

The company is not seeking state incentives for this latest expansion, having already received a package of more than $25 million in Idaho and Twin Falls economic development incentives and financial assistance for the original project.

Braeburn Pharmaceuticals Selects Durham, NC For New Research Triangle Facility

Braeburn Pharmaceuticals, Inc. has announced the selection of a Research Triangle site in the Keystone Technology Park in Durham County, NC as the location for their new manufacturing and research facility.


Photo –

Supported by a state grant from the One North Carolina Fund and matching Durham economic development incentives, the company will invest $19.9 million to build a 35,000-square-foot facility.

The project is expected to create 52 new jobs over the next five year for bio-manufacturing workers as well as research and development specialists. Compensation will vary by position, but the average annual salary of the facility’s workers will be $75,769. By comparison, Durham County’s prevailing overall average annual wage is $66,913.

Governor Pat McCrory said in a release that “This company and the pioneering work it plans to do here will make a difference in the lives of patients and families around the world while also adding value to the economy and community of the Research Triangle.”

Princeton, NJ-based Braeburn Pharmaceuticals was founded in 2012 and is an Apple Tree Partners company. Braeburn focuses on novel, long-acting implantable and injectable (pill-free) therapies for serious neurological and psychiatric disorders, including addiction, pain, and schizophrenia. The company’s most recent innovation is Probuphine, a six-month buprenorphine implant for the treatment of opioid dependence that is now awaiting an imminent FDA approval.

Craig Brown, vice president of Commercialization and Manufacturing, Braeburn, said in a statement that “We are looking forward to bringing jobs and becoming part of the business community in Durham, where together, we can change the lives of the patients we serve.”

The new facility’s location in the Keystone Technology Park, which is comprised of single-story, Class A buildings accommodating office, flex, and lab users under management by Longfellow Real Estate Partners. The location is ideal for biotech and life sciences projects, giving the company easy access to I-540, Highways 54 and 55, I-40, the Raleigh/Durham International Airport, and the various businesses located in the Research Triangle Park.

NC Commerce and the Economic Development Partnership of North Carolina (EDPNC) worked with Durham County and the Greater Durham Chamber of Commerce to secure this project for the region. Other key partners in the project include the North Carolina Biotechnology Center, the North Carolina Community College System, and Longfellow Real Estate Partners.

A performance-based grant of up to $100,000 from the One North Carolina Fund helped Durham County close the deal with Braeburn Pharmaceuticals. The One NC Fund is a North Carolina economic development program that provides financial assistance in support of local governments working to attract job creation and investment projects. All grants under this program require a local match, and the companies themselves receive no money upfront. They must also meet job creation and capital investment targets to qualify for grant funds.

Avogy and Photonica to Make $1.6B Investment in Rochester, NY and Create 1400 Jobs

At a very well attended event in Rochester, Governor Andrew M. Cuomo, Lt. Gov. Kathy Hochul, SUNY Poly President and CEO Dr. Alain Kaloyeros, Empire State Development CEO Howard Zemsky and other local and regional leaders made a game-changing photonics project announcement for Rochester economic development and the Finger Lakes region – a $1.6 billion investment by Photonica, Inc. and Avogy that will create 1,400 jobs.

Finger Lakes Forward

Finger Lakes Forward (photo –

Avogy is a power electronics startup currently headquartered in the heart of Silicon Valley in San Jose, CA. Photonica, Inc. is a Southern California company located in Beverly Hills, CA working on nano-pixel technologies and has developed the world’s fastest (highest frame-rate) display.

Both companies will relocate their headquarters and business operations to SUNY Poly’s recently announced photonics headquarters and technology accelerator at Legacy Tower.

Under Phase I of the public-private partnership between Photonica, Avogy and SUNY Poly, the two companies will locate their advanced development, prototyping, and early manufacturing operations at the Canal Ponds cleanroom facilities in Greece, NY, with a Phase II placement of manufacturing operations at the Eastman Business Park in Rochester, NY.

Combined under Phase I, Avogy and Photonica will invest more than $1.6 billion over five years and create and support more than 1,400 new high-tech jobs.

Governor Cuomo said in a statement that “By bringing this proven nanotechnology-driven economic development model to Rochester, we are attracting big businesses and building a thriving 21st century economy.”

Photonica will by itself create and support 400 new jobs in Rochester in a project that involves a total investment of $700 million over the next five years. This includes $35 million from New York State to purchase equipment and upgrade infrastructure and cleanroom space at Canal Ponds and Eastman Business Park.

Avogy will likewise employ nearly 400 workers at its Rochester area facilities with an average salary of more than $80,000 within the first five years, and its suppliers and high tech business partners will generate more than 600 additional support jobs. The total Avogy project investment of $950 million includes $40 million from New York State for necessary tools and infrastructure upgrades at Canal Ponds and Eastman Business Park to support advanced manufacturing.

Both companies will be among the first to be coming to Rochester to be a part of the new AIM Photonics Institute (American Institute for Manufacturing Integrated Photonics) headquartered in Rochester. This is a $610 million public-private initiative awarded last year in July to a consortium led by RF SUNY, funded in part by a $110 million federal grant and more than $250 million in New York State funding.

Chief New York economic development agency Empire State Development President, CEO and Commissioner Howard Zemsky noted that “The strategic investments put in place by Governor Cuomo for the Integrated Photonics Institute are paying dividends for Rochester and the surrounding area.”

Sutherland Ellwood, Photonica’s Chairman and Chief Technology Architect, added that “We are extremely excited about the partnership with New York State that not only expands our long relationship with SUNY Poly, but leverages the state’s incredible research, education, and cultural assets in a region that is the nation’s photonics capital.”

Dinesh Ramanathan, Avogy CEO and President, said that “As a leader in the manufacture of both commercial and industrial power electronics, we are eager to move manufacturing operations from Silicon Valley to leverage the photonics and power electronics hub and benefit from the unique model for high-tech growth in New York State.”

The investments into these photonics projects in the Finger Lakes Region complement the “Finger Lakes Forward” comprehensive blueprint to generate robust economic growth and community development. The region is accelerating Finger Lakes Forward with a $500 million state investment through the Upstate Revitalization Initiative.

ELDOR’s First US Manufacturing Facility is Largest New Location Project in Botetourt County, Virginia

Italian automotive components manufacturer ELDOR Corporation has announced the selection of Botetourt County, VA as the location for its first U.S. manufacturing plant.


ELDOR (photo –

Supported by the Roanoke Regional Partnership, Botetourt County EDA, and the Virginia Economic Development Partnership, the company is investing $75 million to establish its 250,000-square-foot facility on an approximately 53-acre site at Botetourt Center in Greenfield, VA.

The company expects to create 350 new jobs over the next five years at this facility. This is the largest new location project announcement of jobs and investment in Botetourt County history.

Headquartered in Orsenigo, Como, Italy, ELDOR already has production plants in Italy, Turkey, China and Brazil, in addition to technical offices in Detroit, China and Germany, three research and development operations in Italy. The company has annual revenues of $300 million and growing.

Pasquale Forte, president and CEO of ELDOR Corporation, said in a statement that “Technology, passion, dreams: this is ELDOR and we are confident that Virginia – and the County of Botetourt in particular – is the best choice to carry on, with passion, this dream.”

The Roanoke Regional Partnership worked on this project for nine months as ELDOR executives evaluated more than 160 sites in six states as part of a comprehensive site selection process. Governor Terry McAuliffe likewise met with the company founder at their headquarters in Italy during his June 2015 European Marketing Mission, following an initial meeting last year at the SelectUSA Investment Summit in Washington, D.C.

Gov. McAuliffe has also approved a $3.2 million grant from the Commonwealth’s Opportunity Fund to assist Botetourt County with this project. ELDOR is furthermore receiving benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program, and will get funding and support for employee training activities through the Virginia Jobs Investment Program.

Beth Doughty, executive director of the Partnership, noted that ELDOR recognizes the region’s good market access, higher education assets, low costs of doing business, and productive work force. “In Greenfield, they liked that it was close to services, housing, and recreation. Livability matters in today’s world,” said Doughty.

Botetourt County Economic Development Authority Chair Joyce Kessinger added that the EDA has worked hand in glove with the Board of Supervisors and the County Administrator’s staff to support the efforts of recruiting ELDOR to the region, and will continue working hard to assist the project in becoming operational in Botetourt County.

The project will have an overall annual economic impact of $246,519,714 by 2021. Apart from the investment and direct jobs being created, it is expected to spur creation of more than 500 secondary jobs across the Roanoke region.

Norfolk, Virginia Gets ADP Regional Customer Service Center With 1800 Jobs

ADP (NASDAQ: ADP) has announced plans to establish a regional customer service center in the City of Norfolk, VA.


ADP (photo –

Supported by the Virginia Economic Development Partnership, City of Norfolk, and the Hampton Roads Economic Development Alliance, the company is investing $32.25 million to build the regional customer service center.

ADP expects this project to create 1,800 new jobs for Norfolk and the Hampton Roads region.

Announcing the project for Virginia, Governor Terry McAuliffe said in a statement that “This project is transformational for the Hampton Roads region, providing 1,800 job opportunities for members of the military transitioning to civilian life, as well as military spouses and Virginia citizens.”

Debbie Dyson, corporate vice president of client experience and continuous improvement at ADP, said they chose to locate a new facility in Norfolk because of the thriving business climate in the city and Virginia. “We thank and acknowledge the efforts of our community partners, who provided critical support throughout the decision-making process,” added Dyson.

The project was secured by VEDP working in partnership with the Hampton Roads Economic Development Alliance and the City of Norfolk. The latter received a $5 million grant from the Commonwealth’s Opportunity Fund that was approved by Governor McAuliffe to assist the City with the project.

Norfolk Mayor Paul D. Fraim said in a statement that “I want to thank Governor McAuliffe for his leadership and valuable support of this effort.” Mayor Fraim noted that while ADP will be located in downtown Norfolk, its arrival will benefit the entire region – diversifying the economy, enhancing its reputation as a global competitor and, importantly, validating the city’s long-time efforts to attract a talented younger population to its urban core to live and work.

The company is also eligible to receive additional incentives under the Major Business Facility Job Tax Credit program, and will get funding and support for its employee training activities through the Virginia Jobs Investment Program.

John Padgett, chairman of the Hampton Roads Economic Development Alliance’s Board, said that it is exciting to see ADP invest in Hampton Roads. “We are confident that ADP and Hampton Roads will continue to grow and provide economic opportunities for our region and its citizens,” said Padgett.

Roseland, NJ-based ADP LLC, a subsidiary of Automatic Data Processing, Inc. (NASDAQ:ADP), is a global leader in payroll services with nearly $11 billion in revenues. ADP’s 60,000 employees serve approximately 610,000 clients in more than 125 countries.

Chicago Gets GE Transportation Digital Solutions Business Lead Office and 160 Jobs

GE has announced the selection of Chicago for deep investments to further advance its digital strategy, with the city as a core hub of GE’s growing digital ecosystem.

GE Transportation Digital in Chicago

GE Transportation Digital in Chicago (infographic-

Chicago will be the lead office for GE Transportation’s Digital Solutions business, and GE is creating 160 new jobs in the greater Chicago area focused solely on digital advancements in transportation and healthcare.

This includes 100 tech jobs that will be created in Chicago in this year alone, and another 60 jobs at GE Healthcare’s digital business unit in Barrington, IL. GE already has a considerable impact on Greater Chicago economic development, with more than 2,000 employees in the region, and 3,000 across Illinois.

Established more than a century ago, GE Transportation is a division of the General Electric Company that pioneered passenger and freight locomotives. It is now headquartered in Chicago, and employs more than 10,000 employees worldwide.

Unlike the search for the GE corporate headquarters in which Chicago was one of the many cities that tried but lost to Boston, there was no contest this time as GE did not consider any other cities for the lead office of the new GE Transportation Digital Solutions business.

GE Transportation President and CEO Jamie Miller said in a statement that these investments are evidence of Chicago’s talent depth, innovation and growing digital ecosystem. “Chicago’s global business community, research universities, and strong depth in the transportation sector make it an ideal location for continuing to cultivate a diverse and dynamic digital workforce,” said Miller.

The 160 jobs being created in Chicago will include software engineers, software developers, data scientists, product analysts, and project managers at both GE Transportation and GE Healthcare.

Chicago Mayor Rahm Emanuel said in a statement that GE’s decision to invest in Chicago to advance their new digital strategy is a tremendous vote of confidence in the city’s future. “It will bring new jobs to our city and open up new opportunities for more of Chicago’s residents to succeed in the digital economy of the 21st century,” added Mayor Emanuel.

Illinois Governor Bruce Rauner likewise noted that as a transportation nexus with a rapidly developing tech sector, Illinois is the perfect home for GE Transportation’s Digital Solutions business. “Illinois’ location and innovative tech companies also motivated GE Healthcare to move their headquarters to Chicago to be part of our world-class healthcare and life sciences cluster,” said Gov. Rauner.

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