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This page contains current news on business expansions and relocations.
Stifel Nicolaus & Company Receives $750,000 Loan From Baltimore Development Corp. for Facility Expansion [ 12/15/2006 ]By: NEWS BRIEFS
BALTIMORE, Md. (December 15, 2006) — The company estimates that the total cost of build-out, furniture, fixtures and equipment for its new space to be approximately $6 million.Read The Full Article
Biomedical Manufacturer Minrad Inc. to Expand Facility in Bethlehem, Pennsylvania [ 12/14/2006 ]By: NEWS BRIEFS
LEHIGH VALLEY, Pa. (December 14, 2006) — The company will receive an $875,000 loan as part of a $2.35 million funding package offered by the Governor’s Action Team in November 2005.Read The Full Article
Aga Foodservice to Build Production Facility in Cedar Rapids, Iowa [ 12/14/2006 ]By: NEWS BRIEFS
CEDAR RAPIDS, Iowa (December 14, 2006) — The project is contingent upon the approval of state and local financial assistance, which includes Urban Revitalization Property Tax Exemption through the city of Cedar Rapids.Read The Full Article
Tulkoff Food Products to Build New Production Facility in Baltimore, Maryland [ 12/14/2006 ]By: NEWS BRIEFS
BALTIMORE, Md. (December 14, 2006) — Tulkoff’s existing facility on South Conkling Street in Brewers Hill will be sold and operations relocated to Chesapeake Avenue.Read The Full Article
Cisco Selects India as Site for the Cisco Globalization Center [ 12/13/2006 ]By: NEWS BRIEFS
BANGALORE, Ind. (December 13, 2006) — The company employs over 2,000 people in the country in its Global R&D center in Bangalore, along with sales offices in New Delhi, Mumbai, Bangalore, Chennai, Kolkatta, Pune, Hyderabad and Colombo, Sri Lanka.Read The Full Article
Manac Trailers USA to Receive EEZ Tax Credits to Support Plant Expansion in Kennett, Missouri [ 12/13/2006 ]By: NEWS BRIEFS
KENNETT, Mo. (December 13, 2006) — Zone designation is based on certain demographic criteria, the potential to create sustainable jobs in a targeted industry and a demonstrated impact on local cluster development.Read The Full Article
Global Investment Recover to Expand Recycling Facility in Salley, South Carolina [ 12/13/2006 ]By: NEWS BRIEFS
SALLEY, S.C. (December 13, 2006) — The facility will serve the eastern United States. Global has similar facilities in Tampa, Fla., and Reno, Nev.Read The Full Article
Harley-Davidson to Receive $4.5 Million in Job Tax Credits to Wisconsin Plant Expansion [ 12/12/2006 ]By: NEWS BRIEFS
MENOMONEE FALLS, Wis. (December 12, 2006) — The tax credits are tied to plans by Harley-Davidson to invest $300 million in the state over the next several years.Read The Full Article
Bosch & Siemens Hausgeräte to Expand Manufacturing Facility in New Bern, North Carolina [ 12/12/2006 ]By: NEWS BRIEFS
NEW BERN, N.C. (December 12, 2006) — For each year that the company meets required performance targets, the state will provide a grant equivalent to 65 percent of the state personal income withholding taxes derived from the creation of new jobs.Read The Full Article
WellPoint Chooses Indianapolis for New Specialty Pharmacy Operation [ 12/12/2006 ]By: NEWS BRIEFS
INDIANAPOLIS, Ind. (December 12, 2006) — The Indiana Economic Development Corp. will provide a $5 million forgivable loan in return for the company’s commitment to invest approximately $12 million in capital while creating 1200 new jobs.Read The Full Article
Ohio Approves $30 Million in Loans and Bonds to Support 15 Economic Development Projects [ 12/12/2006 ]By: NEWS BRIEFS
COLUMBUS, Ohio (December 12, 2006) — The 166 Direct Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase.Read The Full Article
Krueger International Receives $375,000 in Wisconsin EDZ Tax Credits to Support Facility Expansion [ 12/11/2006 ]By: NEWS BRIEFS
BONDUEL, Wis. (December 11, 2006) — KI manufactures innovative furniture and wall system solutions for the college and university, K-12, healthcare, government and corporate markets.Read The Full Article
Engineered Conductive Technologies to Move Into Vacant Manufacturing Facility in Logansport, Indiana [ 12/11/2006 ]By: NEWS BRIEFS
LOGANSPORT, Ind. (December 11, 2006) — The company’s largest customer will be Spartan Motors, the second largest manufacturer of custom fire trucks in the nation.Read The Full Article
Nebraska Economic Development Officials Announce Nearly $900,000 in Value-Added Agricultural Grants [ 12/11/2006 ]By: NEWS BRIEFS
LINCOLN, Neb. (December 11, 2006) —The VAA program invests in value-added products and businesses to help support and grow the state’s agriculture industry.Read The Full Article
Springs Global to Expand Capacity at its Nashville, Tennessee Plant [ 12/11/2006 ]By: NEWS BRIEFS
NASHVILLE, Tenn. (December 11, 2006) — Jobs will be added as equipment transfers over several months from its Georgia plant, and the project should be completed by December 2007.Read The Full Article
Torchmark Corp. Opens New Corporate Headquarters in McKinney, Texas [ 12/8/2006 ]By: NEWS BRIEFS
McKINNEY, Texas (December 8, 2006) — The McKinney Economic Development Corp., McKinney Community Development Corp. and the state's Texas Enterprise Fund provided financial incentives in support of the move.Read The Full Article
KS Bearings Leases Former Bosch Facility in South Carolina for its New North American Headquarters [ 12/8/2006 ]By: NEWS BRIEFS
FOUNTAIN INN, S.C. (December 8, 2006) — Forsite Development Partners retrofitted the building, including a new roof, lights, HVAC and 10,000 square feet of new office build-out.Read The Full Article
Three Chicago Software Companies Receive Grants for Homeland Security Product Development [ 12/8/2006 ]By: NEWS BRIEFS
CHICAGO, Ill. (December 8, 2006) — Illinois’ Innovative Product Grant (IPG) Program was created to accelerate the commercialization, improvement, and production of goods and services with an application in homeland security and other sectors.Read The Full Article
Two Berwick, Pennsylvania Companies Receive $600,000 in Economic Development Funding to Support Expansions [ 12/8/2006 ]By: NEWS BRIEFS
BERWICK, Pa. (December 8, 2006) — The companies are also eligible for loans through the Citizens Job Bank program,Read The Full Article
Malt-O-Meal to Open $104 Million Manufacturing Plant in Asheboro, North Carolina [ 12/7/2006 ]By: NEWS BRIEFS
ASHEBORO, N.C. (December 7, 2006) — For each year that the company meets the required performance targets, the state will provide a grant equal to 60 percent of the state personal income withholding taxes derived from the creation of new jobs.Read The Full Article
Dick’s Sporting Goods to Expand its Midwest Regional Distribution Center in Plainfield, Indiana [ 12/7/2006 ]By: NEWS BRIEFS
PLAINFIELD, Ind. (December 7, 2006) — The project expanded the facility from 350,000 to 725,000 square feet.Read The Full Article
Solar Innovations Receives $1.85 Million in Economic Development Incentives to Relocate Facility to Pine Grove, Pennsylvania [ 12/7/2006 ]By: NEWS BRIEFS
PINE GROVE, Pa. (December 7, 2006) — The custom manufacturer of conservatories, skylights, greenhouses, sunrooms, etc., is constructing a 150,000 square foot manufacturing facility.Read The Full Article
Quadrant Software Opens New World Headquarters in Tampa, Florida [ 12/7/2006 ]By: NEWS BRIEFS
TAMPA, Fla. (December 7, 2006) — The company moved its headquarters from Taunton, Mass., to the Tampa Bay area last summer after receiving tax incentives under Florida’s Qualified Target Industry Tax Refund (QTI) program.Read The Full Article
Quintiles Transnational to Expand Facility in North Carolina [ 12/6/2006 ]By: NEWS BRIEFS
DURHAM, N.C. (December 6, 2006) — In addition to the $10.1 million that Quintiles plans to invest, a private developer will put up approximately $50 million to develop and build a facility in Durham for the company to lease.Read The Full Article
Mississippi-Based Treated Materials to Build Facility in Rison, Arkansas [ 12/6/2006 ]By: NEWS BRIEFS
RISON, Ark. (December 6, 2006) — The company currently has two plants on the Mississippi Gulf Coast and one in north Mississippi.Read The Full Article
