Expansion Mgmt 11/30

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Expansion Management.com E-News for November 30, 2006

Welcome! Expansion Management's weekly eNewsletter is produced by the editors of EM in order to provide business executives with news items featuring facility expansions and relocations of other companies, as well information about incentives and other assistance those companies may have received from local and state economic development organizations.

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In This Newsletter:
1. Corning to Expand Manufacturing Facility in Danville, Virginia
2. Formosa Plastics Announces $100 Million Plant Expansion in Louisiana
3. Japanese Company Hi-Lex Announces $26 Million Expansion of its Manufacturing Facilities in Michigan
4. Danish Pharmaceutical Company to Establish U.S. Headquarters in Philadelphia
5. Recent facility expansions and relocations

E-NEWSLETTER SPONSOR

Lehigh Valley Economic Development Corporation
The Lehigh Valley — comprised of Allentown, Bethlehem and Easton, Pennsylvania — is a fast growing community that is the perfect place for companies looking to relocate or expand their business. As the single point of contact for location and expansion decision-makers, the Lehigh Valley Economic Development Corporation is the single source to help harness everything this thriving region has to offer. LVEDC helps companies and consultants make appropriate contacts, gather correct information and answer important questions. From financial programs and incentives, site selection and redevelopment to business retention services and regional demographic research, LVEDC is here to help. As the 11th fastest growing region in the nation, the Lehigh Valley provides easy access to technology as well as one third of U.S. and half of Canadian consumers. And with 11 colleges and universities nearby, a qualified and diverse workforce is always just around the corner. From expanding businesses, financing new projects and finding new talent, LVEDC is contributing to the growth and success of the entire region one business at a time. Call 1-800-581-7483 or visit us on the Web to see how we can help your business grow. --- Lehigh Valley Economic Development Corporation
Click HERE for more information.

1. Corning to Expand Manufacturing Facility in Danville, Virginia
The company is eligible to receive state benefits from the Virginia Enterprise Zone Program.
READ MORE

2. Japanese Company Hi-Lex Announces $26 Million Expansion of its Manufacturing Facilities in Michigan
The state awarded a $1 million CDBG grant to assist with infrastructure improvements to support the expansion.
READ MORE

3. Formosa Plastics Announces $100 Million Plant Expansion in Louisiana
The company is eligible to receive Gulf Opportunity zone incentives to support the project.
READ MORE

4. Danish Pharmaceutical Company to Establish U.S. Headquarters in Philadelphia
Lundbeck already has a drug research and development operation in Paramus, N.J.
READ MORE

5. Recent facility expansions and relocations
Perot Systems to Locate New Data Center in Covington, Kentucky ... Federated to Consolidate Distribution Centers ... and other short news briefs involving companies that have recently expanded or relocated facilities.
READ MORE

EXPO REAL

EXPO REAL Breaks Records
The international property market was alive and well at EXPO REAL in Munich last month. The trade fair and conference set an all-time record of 21,112 visitors, a 20% increase over 2005. This was in addition to exhibitors and their staffs. There were 1,638 exhibitors from 40 different countries, an increase of 15% over last year. According to the final report, economic development regions and municipalities formed the largest percentage (31%) of exhibitors. Among visitors, corporate real estate management and property operators represented the largest contingency (28%). And, the UK publication Property Week reported that more than 1.5 (nearly $2 trillion) in transactions were reported during the show.

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Expansion Management
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