Three Not-So-Easy Pieces - Southern Business and ...
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Small and Medium-Sized FDI Clusters in the American South WWW .RANDLEREPORT.COM WWW .SB-D.COM WWW .SOUTHERNAUTOCORRIDOR.COM E c o n o m i c D e v e l o p m e n t i n t h e Wo r l d ’s T h i r d L a r g e s t E c o n o m y WINTER 2019 Three Not-So-Easy Pieces Solving the puzzle Factors holding back a good economy
Bring your equipment, train your employees, and hit the ground running. (All while your new facility is under construction.) COMMONWEALTH CENTRE FOR ADVANCED TRAINING AT CO M M O N W E A LT H C R O S S I N G • Publicly owned by Henry County, Virginia • 1.2 million labor force within 60 miles • Located on US Hwy 220 (future I-73) • Adjacent to Norfolk Southern mainline • Only 33 miles to Piedmont Triad International e D Detroit Airport in Greensboro, North Carolina • 726 acres (120 pad ready) Pittsburgh Neew Yo New York • All utilities in place Columbus uss Phila Phil hila ila laaadelphia • Advanced Manufacturing training Cincinna nna nati Baltim B Bal Ba ltim lti tim imore im more re re Waashington, Washingt Wash W a hinggton, t D.CD.C. facility onsite Fran annkfort rtt Charleston ston ton Rich chmo mo mo on ond Knoxv xvville Greensboro en Ralei eigh eig Charlotte Contact Mark Heath at (276) 403-5944 or MHeath@YesMartinsville.com CommonwealthCrossing.com
The Best Industrial Sites in the American South W WW WW W. R . RA AN ND DL EL RE RE PE PO OR RT .T C. OC OM M W WW WW W. S . SB B- D - D. C. OC OM M W WW WW W. S . SO OU UT HT HE RE RN NA AU UT OT OC CO OR R RI DI DO OR R. C. OC OM M E c o n o m i c D e v e l o p m e n t i n t h e Wo r l d ’s T h i r d L a r g e s t E c o n o m y Looking for a New Industrial Site? Check Out Our New Site. CommonwealthCrossing.com
All of These Companies Have Something in Common ... 2.5 million square feet 700,000 square feet 2 million square feet 2.1 million square feet 2 million square feet 3.5 million square feet 1 million square feet 500,000 square feet Nationally Recognized, Locally Focused.
They Chose Alliance Consulting Engineers, Inc. 157,000 square feet 513,000 square feet 100,000 square feet 1 million square feet 1.2 million square q feet 183,000 square feet 260,000 square feet 457,000 square feet 400,000 square feet 62,000 square feet 2 million square feet Building Alliances One Project at a Time www.allianceCE.com lli CE Bluffton, SC | Charleston, SC | Charlotte, NC | Columbia, SC | Greenville, SC
KENTUCKY THE RED TAPE REDUCTION STATE Every day, Governor Matt Bevin and Kentucky government officials wear Red Tape Reduction lapel pins to demonstrate their resolve to eliminate burdensome burdensome, job killing regulations job-killing regulations. Together Together, we are creating the most pro pro- business state in America, catering to the needs of business and cutting red tape in the process. Our pro-business initiatives resulted in record investment and job creation. And we’ve only just begun. When you locate in Kentucky, We’ll cut through red tape – and roll out the red carpet. Contact us today. (800) 626-2930 • ThinkKentucky.com
WINTER 2019 T ABLE OF C ON T E N T S FEATURES DEPARTMENTS 36 Three Not-So-Easy Pieces 5QNXKPIVJGRW\\NGYJCVCTGVJGVJTGG 8 Southbound The editor’s column HCEVQTUJQNFKPIDCEMCIQQFGEQPQO[! 10 Around the South 57 FDI Clusters Small and medium-sized cities in the South Top stories from the last quarter relative to business and economic attracting foreign direct investment in a development DKIYC[ 22 Snapshots from the Road Photos of the people and places SB&D visited in the last quarter 26 Relocations & Expansions #NNQHVJGUKIPKƂECPVPGYUVCTVU expansions and relocations announced in the South in the last quarter 0 33 SouthernAutoCorridor.com 0GYUHTQOVJG5QWVJoUCWVQKPFWUVT[ EQWTVGU[QH5QWVJGTP#WVQ%QTTKFQTEQO 72 Top Deals 6JGVGPNCTIGUVGORNQ[OGPV deals announced in the last quarter 6 SB&D D
SOUTHBOUND $[/KEJCGN4CPFNG'&+614 Owner, Editor & Publisher Subsidies, incentives and Michael C. Randle legal immigration mike@sb-d.com OKAY FELLOW JOURNALISTS, THIS IS FOR YOU: stop Not only can we not replace our current Managing Editor calling incentives “subsidies.” The one thing we need to do as workers, we can’t even come close to fill- an industry is to change the word from “subsidies” to “incen- ing the number of jobs that are available. Stacy C. Randle tives.” “Subsidies” are what GM and Chrysler received in 2009 to keep their companies open and running. Without govern- I will give President Donald Trump cred- stacy@sb-d.com ment subsides, both of those car makers would have been it here. He knows that we cannot replace toast. They were meant to save the companies, not create any our current workforce as a result of the Project Managers jobs, at least on the front end. “Incentives” are paid to create lowest fertility rates in the nation’s histo- jobs. There is a big difference. ry. If you recall, in his state of the union Matthew E. Randle address, Trump said, “Legal immigrants In 2009, U.S. Department of Commerce Secretary Wilbur enrich our nation and strengthen our matthew@sb-d.com Ross (he was not Secretary Ross then) and I were on CNBC society in countless ways. I want people during the auto bailout discussion. Ross said on the show that to come into our country in the largest Shelly Jo Jacobs the domestic auto industry was going down because of “sub- numbers ever, but they have to come in sidies paid by Southern states to foreign automakers.” I dis- legally.” shellyjo@sb-d.com agreed with him, saying, “Mr. Ross, these are not subsidies. They are incentives in return for billions in investment and I am sure that statement angered the Art Director tens of thousands of high-paying jobs. What you want to do hardline immigrant activists that sup- with GM and Chrysler is a subsidy because the goal is to sim- port him. Regardless, Trump has Stacy C. Randle ply prevent them from closing for good.” charged his son-in-law Jared Kushner to It’s easy to calculate the return on incentives. Don’t bother cal- work on a proposal that would increase stacy@sb-d.com culating tax generation or anything else other than wages. It the number of low- and high-skilled doesn’t matter the size of the employer. Just count how many workers admitted into the country an- Writers employees are working there and then multiply that by the av- nually. Today, the U.S. brings in about 1 erage salary per year. Then compare that figure to the incen- million legal immigrants a year. To re- Michael C. Randle tives that were granted. For example, the BMW plant in Greer, place our current workforce, that figure S.C.— just the plant — pays out wages of about $700 million a needs to be tripled. Beth Braswell year. So, let’s say the BMW plant has averaged a $300 million annual payroll in the 25 years of its existence. That’s almost $8 Just look at our labor situation right Lee Burlett billion in wages. . .so far. now. There are 7.5 million jobs available and about 150,000 takers on average per Trisha Ostrowski Trump team quietly plans increase in legal immigration month. In fact, in February, only 20,000 The biggest challenge this country is facing now, and for many Americans were hired to fill 7.5 million Matthew Randle years or decades to come, is that too few people are being born available jobs. Just imagine what our and too many people are aging out of the workforce. In oth- economy would be like if those millions Stacy Randle er words, we cannot replace those workers that are retiring. of jobs were filled in just two years? - Southern Business & Development (ISSN 1067-8751) is a registered trademark TM. Founded in 1992 and published quar- ÌiÀÞ>ÀV ]Õi]-i«ÌiLiÀ>` iViLiÀLÞ ,*ÕLà }]V°Ƃvw>Ìi`7iLÃÌiÃVÕ`iÜÜÜ°,>`i,i«ÀÌ° Volume 26/Number 3 V]ÜÜÜ°- °V]ÜÜÜ°-ÕÌ iÀƂÕÌ ÀÀ`À°V°"vwVi>``ÀiÃÃ\nänÈ7iÃÌV iÃÌiÀ*>Vi]Ì}iÀÞ]ƂÎÈ££Ç° * i\ÎÎ{È£ÓÇäΰ/ÃÕLÃVÀLiV>ÎÎ{È£ÓÇäÎ`ÕÀ}À>LÕÃiÃà ÕÀðƂÕ>ÃÕLÃVÀ«Ì\fÓx°-}i i`Ì `iÛiÀÞ LÞ Ì Àii`>Þ >\ f£ä° vÀ>Ì VÌ>i` - E >` Ìà ÜiLÃÌià à }>Ì iÀi` vÀ Ài>Li Winter 2019 sources, however, the accuracy of this information is not guaranteed. All rights reserved. Permission must be granted by SB&D for reprint rights, in whole or in part. Copyright 1992-2019. Southern Business & Development TM 1997. Southern Auto Corridor and Southern Automotive Corridor TM 2003. 8 SB&D WINTER 2019
AR OUND THE SOUTH For real-time news on business, politics and economic development in the South, go to RandleReport.com. For all economic development projects announced in the South, go to SB-D.com. For more information on the automotive industry in the South, go to SouthernAutoCorridor.com. Texas high-speed train named one of the most U.S. population growth hits 80-year low important infrastructure projects in the world Census data published in the winter quarter showed In the winter quarter, CG/LA named the proposed Texas high- that the U.S. population grew from 2017 to 2018 by speed train one of the top infrastructure projects in the world. CG/ just 0.62 percent. The growth is the lowest registered LA’s report selects projects with widespread and strategic impor- since 1937, or in the last 80 years. Nearly a fifth of all tance in 30 different countries. The new high-speed train project states lost population over the past two years. will link Houston to Dallas-Fort Worth when completed. Nearly 1°-°ÌÀ>`i`iwVÌ Ì>ÀiVÀ`Óä£n 50,000 Texans, sometimes called “super-commuters,” travel back According to a report published in March by the and forth between Houston and Dallas-Fort Worth more than once U.S. Commerce Department, the U.S. trade defi- a week. The new high-speed rail will utilize the N700 bullet train cit in goods hit a record high of $891.3 billion in available in Japan (shown here) to transport riders between the cit- 2018. The high deficits are a blow to President ies in 90 minutes. Trump’s trade policies that were supposed to lower the deficit. As imports jumped, some exports such as automobiles, soybeans and farm products “got hammered” according to The Wall Street Journal by retaliation tariffs from Europe and Asia. The trade gaps with China and Mexico also set records. >Õv>VÌÕÀ}>``i`ÀiLÃÌ >>Þ year in the last 30 years The U.S. manufacturing sector posted net job gains of 284,000 in calendar year 2018. That is the largest increase since 1997. In December, the manu- facturing sector added 32,000 jobs. Most of the gains were in durable goods, such as machinery, furniture, automotive and aerospace. The nation created a net gain of 207,000 manufacturing jobs in 2017. %106+07'& £ä SB&D WINTER 2019
AROUND THE SOUTH The Federal Energy Regulatory Commission has approved the Venture Global LNG export facility in Calcasieu Pass near Lake Charles, La. Shown here is an artist’s rendering of the facility. >Õv>VÌÕÀ}LÃÕ« FERC approves ed metal for final assembly company has lost 25 percent vÀ£nÃÌÀ>} ÌÌ Ã VÃÌÀÕVÌv of a variety of products, of its customer base as pric- American factories are hir- iÝ«ÀÌv>VÌÞ including automotive and es for the company’s pipe ing again, more so than at -ÕÌ ÜiÃÌÕÃ>> aerospace. The industries have risen as a result of the any time since the mid- The Federal Energy Reg- are also suffering from the tariffs. According to govern- 1990s. After years of job ulatory Commission has retaliation of tariffs by Mex- ment data, nearly four out losses as a result of a lack of approved the Venture Glob- ico, European nations and of five exemption requests competitiveness and auto- al LNG export facility in China. filed by Texas companies mation, manufacturers in Calcasieu Pass near Lake have not been processed by "ÛiÀViLÞ the U.S. have hired a net gain Charles, La. Spokespersons the Commerce Department. paperwork, Texas steel of employees for 18 consec- for the company said they When the steel tariffs were «À`ÕVÌÃ>Õv>VÌÕÀiÀà utive months. Employment will begin construction on approved in March 2018, ÕÃÌ >}}>ÃÌ>Àvvà in the manufacturing sector the multi-billion-dollar fa- Commerce expected about VÕÌ`ii«ÌÌ iÀ peaked at 19.6 million in cility immediately. The plant 4,500 exemption requests «ÀwÌà 1979. It is 12.8 million today. will be built on a 1,000-acre each year. Instead, Com- Texas oil and gas pipe firms The sector hit its low of 11.5 site where the Calcasieu Ship merce has been inundated are filling out government million in 2010. Channel meets the Gulf of by the formal requests, re- paperwork in attempts to Mexico. The facility will de- ceiving more than 66,000 / i-ÕÌ `>Ìià get exemptions from 25 per- liver low cost liquefied natu- in the first year. One of the Milken Institute’s Best cent tariffs on foreign steel ral gas to customers around reasons Texas pipe com- *iÀvÀ} ÌiÃÀ>} imposed by President Don- the globe. panies have been losing so For the second consecutive ald Trump. One steel man- much business is that many year, Provo, Utah, with its U.S. industry groups ufacturer in Texas has filled of their customers are inter- large high-tech sector, job Ãi`>««i>Ì/ÀÕ«Ì out 500 exclusion requests national firms who can buy and wage growth, is the Best i`1°-°iÌ>ÃÌ>Àvvà to the U.S. Department steel from other countries to Performing City in the U.S., Four dozen U.S.-based in- of Commerce since tariffs avoid the tariffs. according to the Milken In- dustry groups sent a letter of have been imposed, most of stitute. But Raleigh, N.C., appeal to the Trump admin- which have not been pro- ->ÀiiÀ}ÞÃ}Là came in second and Dallas istration in January asking cessed. Why 500 exclusion The solar energy industry third. Rounding out the top to put an end to the steep requests? To get around had a banner year in 2016, 10 are San Francisco, Fort U.S. tariffs on imported steel the tariffs, companies must where the share of employ- Collins, North Port-Sara- and aluminum. The appeal fill out exemptions for ev- ment in the electric power sota-Bradenton, Nashville, centered on the metal tariffs ery grade of steel they need sector rose to 43 percent. Orlando, Austin and Salt creating economic hardship from foreign suppliers. In Compared to the whole of Lake City. for those who use import- the meantime, the Texas the fossil fuel industry (at 22 £Ó SB&D WINTER 2019
Need a Place to Spread Your Wings? Discover Lee and Sumter Counties South Carolina Linking You to Superior Aerospace and Automotive Solutions 800.888.7926 thelinksc.com
AROUND THE SOUTH percent), solar jobs were the abama and Tennessee. The national students can work 12 months in the U.S. on the Op- tional Practical Training pro- gram (OPT) and an addition- >LÀÕÃV> Congress to pass «À}À>ÃÌ«ÀÌiVÌ }À>Ìà al 24 months on STEM OPT if A coalition of big labor fastest growing in the entire solar farms will be located in they earn degrees in science, unions called on Congress to sector. Trump’s tariffs ended Hollywood, Ala., and Yum technology, engineering and pass expansions on programs that run. Since the U.S. put Yum, Tenn. The sites will math fields. Canada has far to protect immigrants with a 30 percent tariff on for- be among the largest ener- more options for foreign stu- temporary work permits. eign-produced solar panels gy projects in the Tennessee dents to work in that country. Led by the AFL-CIO, more two years ago, the solar in- Valley region and the largest The Trump administration’s than 30 unions sent a letter dustry in the U.S. lost 10,000 ever to be built for Google. DHS agenda has initiated re- to Congress asking for pro- jobs in 2017, followed by a Fewer international stricting or eliminating OPT tections for “Dreamers” (im- loss of 8,000 solar sector jobs students are enrolling at or STEM OPT beginning migrants who arrived in the in 2018. U.S. universities this year or next year. The country illegally as minors) Massive solar power Fewer international students regulation states, “ICE [Im- and beneficiaries of two hu- «ÀiVÌvÀ}i½Ã are enrolling at U.S. univer- migration and Customs En- manitarian immigration pro- `>Ì>ViÌiÀà ÀÌ iÀ sities. At the same time, the forcement] will propose this grams — temporary protect- č>L>>>`/iiÃÃii Trump administration is rule to improve protections ed status (TPS) and deferred Google is working with TVA planning a new regulation of U.S. workers who may be enforced departure (DED). to deploy 1.6 million solar that would make it tougher negatively impacted by em- “For the labor movement, panels to power two huge for those same students to at- ployment of non-immigrant these programs have been vi- Google data centers in Al- tend college. Currently, inter- students on F and M visas.” tal in ensuring that thousands MOVING BOUNDARIES, REMOVING BARRIERS PORT BIENVILLE Looking for a new site? ³ϭϮͲĨŽŽƚƐŚĂůůŽǁĚƌĂŌƉŽƌƚ ³ϭϭϬ͕ϬϬϬ^&ŽĨǁĂƌĞŚŽƵƐĞƐƉĂĐĞĂŶĚ ϭ͕ϳϬϬнĂĐƌĞƐƌĞĂĚLJĨŽƌĚĞǀĞůŽƉŵĞŶƚ Duke Energy provides the whole package. ³ΨϵŵŝůůŝŽŶŶĞǁůLJƌĞŶŽǀĂƚĞĚĚŽĐŬ ³&ŽƌĞŝŐŶŝƌĞĐƚ/ŶǀĞƐƚŵĞŶƚĨƌŽŵ^ĂďŝĐ/ŶŶŽǀĂƟǀĞWůĂƐƟĐƐ;^ĂƵĚŝƌĂďŝĂͿ, ^E&ͲWŽůLJĐŚĞŵŝĞ;&ƌĂŶĐĞͿ͕ŽĐŬŚĞĞĚDĂƌƟŶ͕ĂŶĚZĞůĂƟǀŝƚLJ^ƉĂĐĞ ³ϱ͕ϬϬϬнǁŽƌŬĨŽƌĐĞ ³ϰWƌŽũĞĐƚZĞĂĚLJĞƌƟĮĞĚ^ŝƚĞƐ ³^ƉĂĐĞƉŽƌƚ>ŝĐĞŶƐŝŶŐ͕ĞƌŽƐƉĂĐĞĐĂĚĞŵLJ͕ ĂŶĚ&ůŝŐŚƚ^ĐŚŽŽůŝŶĚĞǀĞůŽƉŵĞŶƚƉŚĂƐĞ ³Zd/&/dtŽƌŬZĞĂĚLJŽŵŵƵŶŝƚLJ Contact Janel Carothers at JCarothers@hcphc.ms or 228.467.9231 ϭϰϬϱϰ&ƌĞĚΘů
Taking a birds-eye view at site selection in Kentucky while still in your PJs PowerVision uses the latest drone technologies to provide an aerial showcase of available commercial and industrial tracts, along with vital information about our communities that allow you to conduct virtual site visits while still wearing your fuzzy slippers. %LJ6DQG\5(&&%OXH*UDVV(QHUJ\&ODUN(QHUJ\&XPEHUODQG9DOOH\(OHFWULF)DUPHUV5(&&)OHPLQJ0DVRQ(QHUJ\ *UD\VRQ5(&&,QWHU&RXQW\(QHUJ\-DFNVRQ(QHUJ\/LFNLQJ9DOOH\5(&&1ROLQ5(&&2ZHQ(OHFWULF 6DOW5LYHU(OHFWULF6KHOE\(QHUJ\6RXWK.HQWXFN\5XUDO(OHFWULF7D\ORU&RXQW\5(&& DataIsPower.org
AROUND THE SOUTH The Air Force said in the winter it will rebuild Tyndall Air Force Base near Panama City, Fla., to be the “air base of the future.” The base was destroyed by Hurricane Michael. of working people have rights Hurricane Michael, Tyndall on the job and the freedom to Air Force base near Panama negotiate together for fair pay City, Fla., is somewhat opera- and working conditions,” said tional, with some unmanned AFL-CIO President Richard F-16 jets flying again. The Trumka. More than 300,000 Air Force said in the winter people have TPS protections it will rebuild Tyndall to be in the U.S., which allows the “air base of the future.” them to legally live and work. Officials said the rebuilt base In a period when labor is will be safe from storm surge incredibly tight, the Trump and winds up to 180 miles administration has cut back per hour. The expected cost TPS protections and has let of the rebuild is $3 billion. DED expire. 7>ÀÀi ÕvviÌÌ`ÃVÕÃÃià ÀÌ ÜiÃÌÀ`>½Ã º`Ã>ÃÌiÀ»VÌÀLÕÌ} /Þ`>čÀÀVi >ÃiÌ to California exodus in LiÀiLÕÌ>účÀ >Ãiv ÌiÀÛiÜ the Future” During the winter quarter, After taking a direct hit from the billionaire Warren Buffet £È SB&D WINTER 2019
TRANSLAND
AROUND THE SOUTH ƂÌ{°Ç«iÀViÌ]Ì iÕi«ÞiÌÀ>Ìi in Mississippi is at an all-time low. With 11,500 employees, Ingalls Shipbuilding is the largest manufacturing employer in the state. warned companies look- 7>Ì> ÕÃiÀV` plummeted 84 percent since cord job growth, posting a ing to expand or relocate i>Àč>â½Ã+Ó November, when Amazon 2.2 percent gain for year- to states that suffer from ÀÌ iÀ6À}>¶ announced it had selected over-year. That percentage unfunded public pensions Forget it! what they are now branding outpaced the nation’s job while describing California’s According to Redfin, a na- as National Landing in Ar- growth rate of 1.8 percent situation a “disaster.” Cal- lington County. The lack of in 2018. Economic projec- tional real estate broker- ifornia’s unfunded public listings near Amazon’s HQ2 tions for job growth in 2018 age, there are exactly seven pensions, Buffett said, will means that sellers are waiting were at 27,000; however, the active listings in the third on the company to complete state saw a net increase of be paid by taxpayers in that week of March in zip code its project before selling at 44,300 jobs. Alabama total state in one way or another. 22202. There were 21 avail- much higher prices. employment also set a record He also said that investing able properties there a year in December with 2,072,600 in a plant or business in an ago. This is the area that en- Mississippi people employed in the state. unfunded pension state will compasses Arlington Ridge, Õi«ÞiÌÀi>V ià ultimately mean the busi- Crystal City, Pentagon City >ÌiÜ ÕÃÛi]Þ°]>À«ÀÌ ness, as well as its workers, and Aurora Hills, Va. It is According to the Mississippi >`«ÌÃiÜ>i will at some point be on the also the zip code where Am- Department of Employment Louisville’s Airport Authori- hook to pay for the public azon’s HQ2 is being built. Security, at 4.7 percent, the ty has changed the name of unemployment rate in Mis- its airport from the Louis- pensions. The 22202 housing inventory sissippi is at an all-time low. ville International Airport to In addition, the number of the Louisville Muhammad people with jobs has hit a Ali International Airport in historic high. The 4.7 percent honor of the late boxing leg- unemployment rate has now end. Ali is Louisville’s most been recorded for eight con- famous native son. secutive months. Over 1.16 /iÝ>Ã>Ì>à °£ million Mississippians are standing on U-Haul’s working, the second highest annual top 50 growth number ever recorded in the states state. Texas is still the No. 1 in-mi- č>L>>L}ÀÜÌ gration state. U-Haul gen- ÃiÌÃÀiVÀ` erated migration data from In 2018, Alabama saw re- over 2 million one-way truck Louisville’s Airport Authority has changed the name of its airport from the Louisville International Airport to the Louisville Muhammad Ali International Airport in honor of the late boxing legend and one of Kentucky’s favorite sons. & £n SB&D WINTER WIN W INTER T 2019 20 019 19
AROUND THE SOUTH Beautiful Aiken, S.C., continues to rank as one of the best small towns in the South. rental transactions in 2018 to 2023, Silicon Valley will lose percent compared to 2017 such as smartphones, tele- determine which states are its grip on the world’s tech- the second half of last year. visions, computer monitors considered “growth states,” nology innovation center, It should be noted that in and electric vehicles. Rare and then ranks them. Texas mostly as a result of the high the last decade, the Kentucky earth elements are found saw a 5 percent increase in costs of doing business there. distilling industry has added mostly in China. one way U-Haul truck rent- more than 10,000 new jobs, /iÝ>ÃiÝ«ÀÌÃv>{£ -«>Vi8ÜLÕ`Ìà als arriving in the state over opened more than 40 new «iÀViÌ]«ÀÌVÃÌà ÃÌ«ÜiÀvÕÀViÌ 2017. North Texas and the distilleries and increased ëiLiV>ÕÃivÌ>Àvvà Florida and Texas Austin area led the state in economic output by more Businesses in Texas paid SpaceX founder Elon Musk one-way truck traffic. than $3 billion. $364 million in tariffs on im- said in March that the com- Dallas-Fort Worth, ported products in October čÀ}Ì ÕÌÞ]6>°] pany will build its Starship ÕÃÌ>``ÃÌ 2018, according to federal Üú iÃÌ ÌÞ»>Ü>À` and Super Heavy rockets in VÃÌÀÕVÌLà data and Trade Partnership Arlington, Va., once again Boca Chica, Texas and Cape In calendar year 2018, Dal- Worldwide. Texas business- has been ranked as the “Best Kennedy, Fla. The 387-foot, las-Fort Worth added 22,000 es spent only $25 million in City to Live in America” by two-stage rocket will cost construction jobs, the most tariffs in April 2018. Mean- Niche. The website named about $5 billion to develop of any market in the coun- while, Texas exports subject Arlington best city for its and the first flight is expect- try. Houston came in second to retaliatory tariffs were outstanding public schools, ed in 2023. with 19,400 construction down 41 percent in October abundant night life, low jobs gained according to the 2018 compared to October crime rate and walkability. "À>`ÃiÌÌ}«>VivÀ Associated General Con- 2017. In addition, exports Niche also named Arlington LÃÀ`> tractors of America. Dallas subject to retaliatory tariffs as the top city in 2016. The From January 2018 to Jan- also led the entire nation for going through Port Houston county is where Amazon is uary 2019, greater Orlando employment growth in 2018, were down 47 percent in Oc- placing its HQ2 and hiring led all Florida markets with adding more than 116,000 tober 2018, while those not at least 25,000 workers in the a gain of 49,900 jobs. South jobs. subject to retaliation were up process. Florida came in second with 34 percent. 30,000 new jobs and Tampa / iÀÕà ÌčÕÃÌLÞ 1ÛiÀÃÌÞviÌÕVÞ Bay placed third with 19,300 -V6>iÞV«>ià čiÀV>Ü ÃiÞ ÀiÃi>ÀV iÀÃw`}iÜ jobs year-over-year. VÃÌ } }i>À exports take a dive ÕÃivÀV> In the last two quarters, Ap- American whiskey brands, A research team from the či]-° °]>i`Ì ple is investing $1 billion into including Kentucky bour- University of Kentucky has Ì«£ä>}>âi½ÃLiÃÌ new facilities and thousands bon exports, have dropped begun a pilot-scale process- Ã>ÌÜÃÌ i-ÕÌ of jobs in Austin. Google since President Trump ini- ing plant in Webster County, Southern Living magazine’s and Facebook are also taking tiated tariffs on foreign steel Ky., that will work on min- new annual ranking of best up tons of space in Austin’s and aluminum last year. The ing rare earth elements from small towns has been re- newest office towers. KPMG European Union, China, coal. The U.S. Department leased. Named best small recently conducted a survey Mexico and Canada retali- of Energy is also conducting town in the South last year, that showed that the Silicon ated with 25 percent tariffs research regarding the feasi- Aiken saw its ranking drop Valley may be in danger of on various American-made bility of extracting rare earth to No. 4. The winner of this losing its title as tech center products, including whiskey. elements from coal. Rare year’s “Best Small Town in the of the world. Sixty percent American whiskey exports earth elements are found in South” was Beaufort, N.C., of those tech executives that rose 28 percent during the the earth’s crust and are used followed by Beaufort, S.C., were surveyed said that by first half of 2018, then fell 8 in manufacturing products and St. Augustine, Fla. - Óä SB&D WINTER 2019
SNAPSHOTS ROAD FROM THE 1: Southern Business & Development hosted its sixth annual Southern Economic Development Roundtable event at WaterColor in January. The invitation-only discussion included 65 people from 13 Southern states. 2: John Bradley leading a group of energy execs. 3:$GEEC*CTFKPDTKGƂPI members on Hurricane Michael. 4: Victor Hoskins, Stephen Moret and Jason El Koubi during a Q&A about landing Amazon in Virginia. 5: Part of the S.C.- based group: Deepal Eliatamby, Hal Johnson, Chuck Whipple, George Kosinski, Jay Schwedler, Will Williams, Jim Newsome and Will Johnson. 6: Alabama- based Taylor Williams, Ellen McNair, Ed Castile and Randall George. 7: Chuck Whipple and 22 SB&D WINTER 2019
11 Bob Leak on a balcony overlooking the Gulf of Mexico. 8: SB&D owner Michael Randle, James McClain, Jason El Koubi, Allyson Rothrock, Shelly Jacobs and Mark Heath. 9: Gray Swoope, Chris Masingill, Michael Olivier, Jay Moon, Ted Abernathy and Don Pierson. 10: Will Williams. 11: Host Michael Randle. 12: Every year Kentucky attendees bring bourbon for the Friday bourbon break. This year it was Jody Lassiter’s turn. 13: SEDR 2019@WaterColor saw a packed house, including Taylor Williams, Marvin Moss, Jason El Koubi, Chris Masingill, Don Pierson, Jay Moon, Michael Olivier, Shelly Jacobs and Stacy Randle. 14: Bob Leak, Jr. at the t-shirt grab. 15: Michael Randle, Shelly “The Elf” Jacobs and Nancy Windham. 16: Tyler Engle, Will Johnson, Ellen McNair, Jay Schwedler and George Kosinski. 17: Matthew Randle, Victor Hoskins and Stephen Moret at Red Bar in Grayton Beach one week before it burned down. 18: Mac Holladay. 19: Jay and MaryAnn Moon. 20: David Hudgins, Dr. Glen Fenter and Mark Herbison. CONTINUED WINTER 2019 SB&D 23
SNAPSHOTS 21: John Bradley, Mike Cobb and Taylor Williams. 22: Deepal Eliatamby, John Bradley and Gena Lentz. 23: Ted Abernathy, Jeff McKay and Chris Masingill. 24: Peggy McLean and Raul Peralta. 25: Hal Johnson and Jim Newsome. 26: Iain Vasey. 27: David Thornell. 28: Clif Chitwood, Chris Masingill, Sam Powers, Chuck Whipple, Bob Leak Jr., George Kosinski, Rhonda Clayton, Jay Schwedler, Will Williams and Gene Stinson.29: Michael Olivier. 30: Kyle Touchstone, Mike Cobb and Jody Lassiter. 24 SB&D WINTER 2019
31: Sam Powers. 32: Henry Florsheim. 33: Ellen McNair and Randall George. 34: Clark Gillespy and Stuart Heishman. 35: Bob Leak Jr., Mark Heath, Allyson Rothrock, James McClain and Mac Holladay. 36: The Energy panel, including John Bradley, Mike Cobb, Taylor Williams, Heidi Smith, Clark Gillespy, Stuart Heishman and David Hudgins. 37: Hal Johnson and Kyle Touchstone. 38: Shane Homan, Kyle Spurgeon, Gena Lentz, Henry Florsheim, Iain Vasey, Hal Johnson and Jim Newsome. 39: Scott and Yolanda McLain, David Hudgins and Rhonda Clayton. 40: Kathy and Jim Newsome. -
RELOCATIONS & EXPANSIONS For real-time news on business, politics and economic development in the South, go to RandleReport.com. For all economic development projects announced in the South, go to SB-D.com. For information on automotive in the South, go to SouthernAutoCorridor.com. ALABAMA makes the A320 family air- riculture Foundation is pre- Sykes Enterprises to add craft in Mobile. The expan- pared to invest an estimated more than 200 jobs in FBI may invest $1 billion sion will create 400 new jobs. $100 million in a new Ala- Fort Smith in Huntsville bama Farm Center in Chilton Tampa-based Sykes Enter- Sen. Richard Shelby (R-AL), U.S. Steel restarting County that could create up to prises, a service provider for chair of the Senate Appropri- Alabama mill to take 400 jobs. Plans call for a com- many Fortune 500 compa- ations Committee, recently advantage of higher steel plex on 500 acres to include nies, is expanding its cus- announced that the FBI may prices a 5,000-seat air-conditioned tomer service center in Fort invest as much as $1 billion Pittsburgh-based U.S. Steel’s arena, a 150,000-square-foot Smith, Ark. The company as it increases its presence in plans to invest $215 million exhibition building, 400-stall will add 200 jobs. Huntsville. He also said that to install an advanced elec- horse barn, 400 RV hookups the continuing resolution tric arc furnace (EAF) at and a variety of other barns Southland Gaming & budget includes $385 million Fairfield Works is expected and arenas. Racing in West Memphis, for the FBI, which is part of to provide a boost to Ala- Ark., plans $250 million the transference of FBI em- bama’s steel-making industry New jobs coming to expansion ployees to Huntsville’s Red- in its historic home. U.S. Steel Winston County Southland Gaming & Rac- stone Arsenal. In November, had initiated construction of Winston Homebuilders, a ing in West Memphis will the agency said it plans to the EAF at its operations in manufactured home produc- undergo a $250 million ex- move 1,350 jobs to the facility. Fairfield in March 2015, but er, will be taking up residence pansion. The project will suspended construction in at the former Southern Ener- include a 96,000-square-foot Airbus breaks ground on gy Homes facility in Double casino complex and a 20-sto- December 2015 due to un- new line in Mobile Springs, which left the area ry high-rise hotel. Southland favorable market conditions. Jetliner manufacturer Air- a few years ago. Winston began as a dog racing track The project’s revival means bus broke ground on a new Homebuilders will be hiring in the 1950s. the addition of 150 jobs at the $300 million manufacturing 150 workers in the deal. Jefferson County facility. FLORIDA facility in Mobile in January. The new assembly line will Alabama Farm Center ARKANSAS Cape Canaveral has produce the A220-100 and could bring 400 jobs to CoorsTek expanding in captured a new tenant. A220-300 aircraft for U.S. Chilton County, Ala. Arkansas Los Angeles-based Relatively customers. Currently, Airbus The Alabama Farmers Ag- CoorsTek Inc., a manufactur- Space, a 3-D rocket manu- er of ceramic components, facturer and launch services is adding 50,000 square feet provider, has signed a lease to its facility in Benton, Ark. to build and operate its own It’s part of a $26 million ex- facilities at Launch Com- pansion that will increase plex at Cape Canaveral. The employment by 60 workers. company is the fourth with More than 200 people are orbital launch site capability housed at the plant now. at Cape Canaveral. . .SpaceX, GE Aviation investing $50 million in Auburn, Ala. GE Aviation is expanding its additive manufacturing operation in Auburn. The project calls for a $50 million investment and 60 jobs. 26 SB&D WINTER 2019
6GZCUDCUGF(KTGƃ[VQNCWPEJOKNNKQPGZRCPUKQPCV %CRG%CPCXGTCN(NC / i i`>À*>À]/iÝ>ÃL>Ãi`ÀViÌV«>Þ]ÀiyÞƂiÀë>Vi] will establish a new launch and manufacturing project in Cape >>ÛiÀ>]>°1`iÀÌ i`i>]ÀiyÞÜÛiÃÌfxÓ>` add 200 high-paying jobs there. ULA and Blue Origin are the 1,000 new employees to sup- Clarke and Hall counties. Material Handling an- other three. port membership growth The company has located its nounced it was expanding Beacon Pharmaceutical that’s surpassed 1 million cli- North American headquar- its Lexington, Ky., headquar- relocates to Jupiter, Fla. ents. The company will hire ters in Duluth, creating 75 ters and reshoring one of its throughout the state, but new jobs; is adding more forklift production lines (the Beacon Pharmaceutical, a fo- about half of the positions than 100 new jobs at its man- “S-Series”) to Kentucky from cused early-stage life sciences are available in the Tampa ufacturing and R&D facility Asia. The $4.6 million expan- firm, will build a state-of-the- Bay area. in Athens, and more than 50 sion will create 40 new jobs. art facility in Jupiter. The new 200,000-square-foot head- jobs at the company’s Gaines- GEORGIA High-tech aerospace quarters will house 137 new ville manufacturing facility. Health IT company manufacturer to open jobs with a capital investment Chinese tech company new Kentucky facility establishing headquarters of approximately $80 million. moving HQ from New Meyer Tool, a supplier of in Atlanta metro Insurance giant Jersey to Alpharetta, Ga. aerospace parts, is opening BioIQ, a health IT company A China-based manufacturer a new $15.9 million facility Progressive to hire 1,500 that provides health testing of radio-frequency identifica- near Erlanger, Ky. The com- in Tampa and immunization programs tion and biometric technolo- pany is acquiring and reno- Ohio-based company Pro- for health plans, is relocating gy security products, ZKTeco, vating an 83,000-square-foot gressive is hiring 1,500 work- its headquarters from Cali- plans to relocate and expand property that will house 100 ers in Tampa. The jobs will fornia to Cobb County, Ga. its U.S. headquarters from be in customer service, sales The $5 million project will workers. New Jersey to Alpharetta. The and claims with an emphasis create 500 jobs. move is expected to create 40 Commercial furniture on workers who are bilingual Animal pharma investing jobs and bring more than maker expanding in in English and Spanish. $120 million in three $5 million in investment. Kentucky WellCare to hire 1,000 Georgia counties Headquartered in Indiana, KENTUCKY OFS Brands Holding, a man- WellCare Health Plans of Boehringer Ingelheim Ani- i-- Florida, one of the Tampa mal Health USA will createe Kentucky company ufacturer of furniture for of- Bay area’s largest companies, 225 jobs and invest more than reshoring jobs from Asia fices, hospitals, hotels and anticipates hiring more than $120 million in Gwinnett, In the winter quarter, Clark schools, will invest $1 mil- 5JCYGZRCPFKPIRNCPV in Adairsville, Ga. Three years after opening a huge plant in Adairsville, Shaw Industries, the largest employer in Bartow County, is adding a 500,000-square- foot addition to the plant, which could double the employment numbers there to more than 600 over the next three years. WINTER 2019 SB&D 27
RELOCATIONS & EXPANSIONS 'ZZQP/QDKNVQKPXGUVOKNNKQPKP.QWKUKCPC ExxonMobil will add a $469 million polypropylene manufacturing unit to its Baton Rouge petrochemical complex. The project will create 65 new jobs and 600 construction jobs. lion in its existing operation LOUISIANA expected to increase to more company, which has operated in Grayson County, Ky., with than 2,000. in Baton Rouge since 1952, Lafayette lands helicopter plans to create 105 jobs. will invest $22 million and plant Louisiana lands $2.2 billion methanol complex add 128 jobs in the project. Film manufacturer to In the winter quarter, Switzer- expand in Kentucky, add land-based Kopter Group AG South Louisiana Methanol Energy services 30 jobs announced that it will assem- announced in January it will manufacturer adding jobs RKW North America plans ble its new SH09 helicopter in build a $2.2 billion methanol in Louisiana to expand its facility in Simp- Lafayette, La. The company, complex in St. James Parish. Bagwell Energy Services is son County and add 30 jobs. which will lease a building at The complex will be built on investing $2.5 million at its The German-owned man- the Lafayette Regional Air- a 1,500-acre site on the Mis- Port of Delcambre fabrication ufacturer of industrial film port, will invest $4.2 million sissippi River. facility in Iberia Parish, La. will invest $18 million in the and create 120 jobs with the Food manufacturer The company will create 150 project. project. Deliveries of the heli- adding capacity in new jobs. copters should begin in 2021. St. Tammany Parish Renewable energy project MISSISSIPPI to put some former coal Epic Piping announces Diversified Foods and Sea- miners to work in Eastern $40 million expansion sonings is investing $12 mil- Kohler Engines expanding Kentucky Epic Piping has announced lion to expand and upgrade in Mississippi Toyota, which has a large as- plans to invest up to $40 mil- its plant in Madisonville, La. Kohler Engines, a leading sembly plant in Georgetown, lion to expand its facilities in The project is the result of manufacturer of industrial Ky., is partnering to build a Baton Rouge, La. A demand moving a production line gasoline and diesel engines, 700-acre solar panel farm in for the company’s pipe spool from Nebraska to Louisiana. is expanding its manufactur- Pike County, Ky. It is one of products is being driven by The deal will create 44 jobs. ing operations in Hattiesburg, the largest renewable energy the number of large-scale Pipe manufacturer adding Miss. The company is making projects in the Appalachian projects underway in the pet- jobs in Baton Rouge a significant investment and region. The project will create rochemical sector along the Stupp Corp., a steel pipe man- is adding 250 jobs. Kohler is 200 construction jobs and 50 Gulf Coast. Epic’s employ- ufacturer, is upgrading its two consolidating a plant in Wis- permanent jobs. ee count, currently at 900, is plants in Baton Rouge. The consin to Hattiesburg. %JCTNQVVGDCUGF0WEQTRNCPUVQ KPXGUVDKNNKQPKP-GPVWEM[ RNCPVETGCVKPILQDU Charlotte-based steel manufacturer Nucor Corp. will invest $1.3 billion in a new facility in Brandenburg, Ky. The mill will produce steel plates for manufacturers of barges, bridges, rail V>ÀÃ]ÀiwiÀÞÌ>Ã]à «Ã>`Ì iÀ products. The new facility will house 400 workers that will earn an average of $45 «iÀ ÕÀVÕ`}LiiwÌð*VÌÕÀi` are (l to r) Nucor CEO John Ferriola and Kentucky Gov. Matt Bevin at the announcement. 28 SB&D WINTER 2019
(QWTJWPFTGFLQDUEQOKPIVQ/KUUKUUKRRKEQWPV[ Corelle Brands, a maker of housewares brands including Pyrex, Snapware and Corelle, announced in the winter quarter it is moving part of its manufacturing and distribution operations to Marshall County, Miss. The facilities will be located in the Chickasaw Trails Industrial Park near Byhalia. The $27 million project will create 400 jobs. plant in Verona, Miss. The NORTH CAROLINA bedding manufacturer is in- Û>ÀÌÃÜi`wÀ vesting $1.9 million and add- chooses Durham over ing 65 jobs. Illinois or Ireland Pharmaceutical plant AveXis, a gene therapy com- adding jobs in Mississippi pany developing treatments A maker of antacids sold in for rare neurological diseases, Mississippi and Alabama will will invest $60 million to ex- expand its facility in Gulf- pand its manufacturing cen- port, Miss. Geri-Care Phar- ter in Durham County. The maceuticals, which supplies company plans to hire 200 Walmart, Walgreens and associates. ABB expanding in that manufactures ground CVS, will add 200 jobs in the / iÀÃ iÀ-ViÌwV Mississippi engaging equipment for the deal. investing $150 million Swiss company ABB is add- mining industry. The $15 MISSOURI Thermo Fisher Scientific ing 200,000 square feet to its million deal will create 150 is investing $150 million manufacturing facilities in high skill jobs. Purina to spend in its pharma business in Senatobia, Miss., to increase Homestretch expanding $115 million on Greenville, N.C. The expan- production of Tmax XT cir- in Mississippi Missouri expansion sion will add capacity for cuit breakers. The $36 mil- HomeStretch, an upholstered Nestlé Purina PetCare an- the company’s sterile liquid lion expansion will generate furniture manufacturer, will nounced the expansion of its products. 50 new jobs. The company is invest $500,000 and create 71 southeast Missouri factory North Carolina Global also filling the remaining 150 jobs in an expansion of its fa- where Tidy Cats brand cat Transpark growing again jobs of another expansion an- cility in Nettleton, Miss. litter is made. The pet prod- Jetstream Aviation is setting nounced in 2016. ucts company will spend Entergy adding jobs up a new paint facility at the $115 million on the project Illinois medical equipment in Mississippi nuclear Global Transpark in Kinston, and expects to add about 30 maker expanding in operations N.C., and will add 145 jobs. jobs. The $10.5 million public/ Mississippi The power company En- Baxter International is ex- tergy is adding jobs at its Manufacturer to open private partnership will break panding a Mississippi Delta nuclear power division new plant in Missouri ground this spring. plant, with plans to add 50 headquarters in Jackson, Central States Manufactur- Aetna’s expansion to to 100 new employees. The Miss., and also at its nu- ing is opening a new plant in create 300 new jobs company has begun con- clear power plant in Grand St. Peters, Mo. The $6 mil- Aetna, a subsidiary of CVS struction on the addition to Gulf, Miss. New Orleans- lion project will create 88 new Health since November, ex- the plant, which is one of the based Entergy is adding 250 jobs. pects to hire 300 new em- largest industrial employers jobs in Jackson and 70 at its ployees by the end of 2020 for Praxair expands Missouri in Cleveland, Miss. Baxter is nuclear plant in Grand Gulf. customer service and clini- plant investing $100 million. cal care jobs. The company Bedding manufacturer Praxair will expand its air Scotland-based company expanding in Northeast separation plant in Neosho, will spend $2.5 million on a expanding Mississippi Mississippi Mo. The expansion will dou- 16,000-square-foot expan- foundry sion of its High Point facility Specialty foam manufactur- ble capacity for the company’s to support the new jobs. The Weir Group is expanding er Elite Comfort Solutions liquid oxygen and nitrogen its Newton, Miss., foundry is increasing capacity at its customers. CONTINUED WINTER 2019 SB&D 29
RELOCATIONS & EXPANSIONS +EGGNGCXKPI%CNKHQTPKCHQT/KFFNG6GPPGUUGG /KFFNG6GPPGUUGG The iconic frozen beverage maker, The Icee Co., is relocating its corporate porate headquarters from California to La Vergne, Tenn., about 20 miles southeast of Nashville. shville. The company revealed it would invest $10.3 million to make the move, creating more than 200 jobs in ,ÕÌ iÀvÀ` ÕÌÞÛiÀÌ ÀÌ iiÝÌwÛiÞi>Àð >ViÀÀiÃi>ÀV wÀ puter numerical control) industry. The expansion is hiring 200 in North machining specialists who expectedd to create 105 new Carolina make aircraft parts for cli- ent jobs and 500 con- permanent A clinical-stage biopharma- ents such as Spirit AeroSys- n jobs. struction ceutical company plans to tems, Boeing, Gulfstream, Ortec expands xpands South hire 200 workers as it locates Lockheed Martin and Tri- Carolina a plant a commercial-scale immu- umph Aerostructures. Ortec, a biomaterial and notherapies plant in Wake Tube manufacturer to polymer technology compa- County, N.C. Cellectis will locate plant, headquarters ny, will invest $20 million to develop gene-edited immu- in Oklahoma expand itst facilities f iliti by b 50,000 50 000 notherapies to fight cancer. Salem Tube, a subsidiary of square feet and increase its Furniture startup to bring Spain-based Tubacex Group, production capacity in Pend- The company will invest $2.1 200 jobs to Hickory, N.C. is establishing its headquar- leton, S.C. The company also million and create 85 jobs in Design Foundry, a new up- ters and manufacturing facili- invested $20 million and add- the project. holstered furniture compa- ty in Durant, Okla. The com- ed 60 jobs in 2016. ny, announced it will begin pany makes stainless steel TENNESSEE Sealed Air to spend manufacturing in a former and nickel alloy tubes. The SmileDirectClub to add $24 million to furniture plant in Hickory. $40 million project will create 2,000 jobs in Nashville upgrade its facility in The project will create 200 140 jobs. region Simpsonville, S.C. jobs. ABB creating jobs in Orthodontic services pro- Sealed Air has entered into a OKLAHOMA Oklahoma joint venture with Japanese vider SmileDirectClub will In the winter quarter, ABB firm Kuraray to produce expand in the Nashville area Kimberly-Clark is investing announced it will consoli- plant-based food packaging. with 2,000 new jobs. The $120 million in Oklahoma date all of its North American Sealed Air will invest $24 company will invest $217 mill process gas chromatograph million to upgrade its Simp- million in the expansion. Irving, Texas-based Kim- analyzer manufacturing to its sonville facility and will use berly-Clark Corp. is invest- facility in Bartlesville, Okla. Silicon Valley recruiting Kuraray’s plant-based resin ing $120 million in its Jenks, The project will add 90 jobs. wÀÛiÃ+Ì and post-consumer plastic. Okla., mill that produces Nashville Cottonelle and Scott bath SOUTH CAROLINA Frontier Communications After a year of fast growth tissue. The company will add opens call center in in Nashville, recruiting firm Swiss company continues 270,000 square feet to begin Myrtle Beach IQTalent Partners is doubling to invest in South Carolina production on Kleenex fold- Frontier Communications, a the size of its footprint and Swiss Krono Group contin- ed tissue products. The proj- provider of broadband, vid- officially naming Music City ues to invest in rural Barn- ect will create 50 jobs. eo, photo and data services, as its headquarters, which well, S.C. The company is will open a new call center in means moving its central op- MST Manufacturing adding 250,000 square feet Myrtle Beach, S.C. The deal erations from Silicon Valley locating in Claremore to its existing manufacturing calls for 70 jobs. to Nashville. The company MST Manufacturing will facility there, which will allow invest at least $5 million to them to produce the board it InvestiNet to invest $2.1 grew its Nashville office from relocate its operations to currently purchases to man- million and create 85 Jobs 90 to 150 employees in 2018, Claremore. The company ufacture laminate flooring. in Greenville, S.C. and plans to hire additional will transform three build- Swiss Krono will source wood Accounts receivable firm In- workers this year, although ings totaling 52,000 square products locally, which will vestiNet is expanding its facil- the exact number has not feet to house 100 CNC (com- also bolster the local timber ities in downtown Greenville. been announced. 30 SB&D WINTER 2019
F FreightWaves bringing are developing an eight-story ployment rate, according to Hundreds of high-wage new jobs to Chattanooga n office building and 250-room the company’s application for bio-science jobs for San FreightWaves expects to F hotel across from the Gibsonn government incentives. Antonio bring 300 jobs to Chatta- br Guitar Factory building. GenCure, a new company TEXAS nooga in the next two years n BAE Systems redesigns that focuses on cell-based w with the launch of its truck- Kingsport, Tenn., facility Exxon, Qatar to expand therapies and regenerative in ing freight futures program. BAE Systems received a $74.7 LNG export in Texas medicine, is setting up its The new program will allow T million U.S. Army contract to Exxon and Qatar Petroleum headquarters in a historic trucking and logistics compa- tr design, construct and com- announced recently that they building that used to house nies to trade freight moving n mission a new facility that will go ahead with a $10 bil- an ice and cold storage busi- costs, helping alleviate some co will improve production at lion project to export lique- ness on the East Side. The ri risk. its manufacturing complex in fied natural gas from a plant building on East Houston Kingsport. Construction of on the Texas Gulf Coast. The Street has been renamed Ve- L Logistics company adding the new facility at the Holston companies said construction locity Texas, and is part of a 500 jobs in Chattanooga 5 Army Ammunition Plant will at the Golden Pass plant in planned innovation district Arrive Logistics is expanding A play a vital part in the man- Sabine Pass, Texas, would that’s expected to create more its facilities in Chattanooga, it ufacturing process of several start before April, and the ex- than 600 good-paying tech Tenn. The company will in- T products that support the port operation is expected to jobs. vest $3.6 million and add 500 ve military, and is one of sever- begin running in 2024. The $120 million jobs in the deal. jo al multi-year Army-driven project will create 9,000 jobs manufacturing plant FedEx Logistics modernization requirements during the five years of con- serves up 500 new jobs in announces headquarters for the installation. struction and more than 200 San Antonio move in Memphis permanent jobs once the fa- Cuisine Solutions is cook- FedEx Logistics will move its JNJ Express relocates cility is operational. ing up 500 jobs in San An- global headquarters to the to expanded campus in Asurion adding 430 jobs tonio with the opening of a former Gibson Guitar fac- Memphis in Houston $120 million plant that will tory building in downtown Transportation company JNJ Nashville-based tech care make refrigerated food. Con- Memphis. The Memphis Express will invest $83.6 mil- company Asurion plans to struction has begun on the company says it’s making a lion to expand its operations, double its number of Hous- 290,000-square-foot manu- $48 million investment, and creating 610 new jobs over the ton employees and is moving facturing plant, and is expect- will consolidate multiple lo- next five years. The company into a bigger office to house ed to open in mid-2020. cations, bringing almost 700 will establish a new corporate employees to the location headquarters and operations them. The company will cre- Cognizant expands to over the next several years. campus at a Southeast Mem- ate 430 new jobs by the end of Plano, Texas, with 500 As a result of the FedEx Lo- phis shopping center that has the year. jobs gistics announcement, a been vacant for more than a BNSF to invest $405 A New Jersey-based IT ser- New York developer and the decade. The area surrounding million in Texas vices firm that already has Orgel family of Memphis it has a 23.6 percent unem- Fort Worth-based BNSF Rail- a large operation in Irving way, which is part of Warren is adding more workers in Buffett’s Berkshire Hathaway, Plano. Plano’s economic de- will invest $405 million in velopment corporation has Texas this year to fund ex- agreed to provide a $273,000 pansion and take care of reg- grant to Cognizant, which ular maintenance. BNSF has must create up to 500 jobs in a new office to be constructed nearly 5,000 miles of track to near Legacy business park. maintain just in its home state of Texas. CONTINUED (WLKƂNOVQGZRCPFDKQVGEJHCEKNKV[KP 0QTVJ%CTQNKPCoU4GUGCTEJ6TKCPING Õw ÃÞÌ ÌiV }iÃÃiÝ«>`}Ìà manufacturing operations in Research Triangle Park. The company is investing about $45 million and adding 100 jobs to add capacity at its single use cell culture manufacturing trains. WINTER 2019 SB&D 31
You can also read