Investment

State Grant Helps Shalag Industries Open New Facility in Oxford

10/12/2009 -- Raleigh -- North Carolina Governor Bev Perdue today announced that Shalag Industries Ltd., an international supplier of nonwoven fabrics used in the hygiene and wipes markets, will open a new plant in Granville County. The company will invest more than $17 million and create 42 jobs in Oxford. The announcement was made possible in part by a $110,000 grant from the One North Carolina Fund.    » read more »

Red Venture llc To Invest $27 Million In New Lancaster County Operations

Columbia, S.C. - October 7, 2009 - South Carolina Governor Mark Sanford today joined with the Department of Commerce and Lancaster County community in welcoming Red Venture LLC as they expand operations and move their headquarters to South Carolina.

The decision by Charlotte-based Red Venture LLC, an internet technology company named the 17th fastest growing private firm in the United States by Inc. magazine last year, will mean 1,000 new high-paying jobs and a $27 million investment for Lancaster County.    » read more »

Global Wind Power Industry

September 24, 2009 -- Senior representatives(*) of some of the world’s leading wind energy companies and trade associations, gathered in Washington DC, today issued the following statement:

“At a time of economic turmoil and of concerns about energy security and climate change, wind energy has a track record in solving these challenges. Experience shows that a firm, long-term national renewable energy policy is key to attracting investment and is good economic, trade, energy security and carbon avoidance policy.    » read more »

9/14/2009 -- (HELENA) – In his first official trip overseas, with the exception of visiting troops in Iraq and Afghanistan, Governor Brian Schweitzer met with companies in Germany and Spain last week to build more business and economic activity in Montana, especially in the renewable energy sector of the economy. He was accompanied by Chief Business Development Officer Evan Barrett.

“It was a great opportunity to build and grow energy business in Montana and create more high paying jobs for workers in our state,” said Governor Brian Schweitzer. “The trip brought new opportunities and investments to our state including cementing a deal with NaturEner to bring an additional $800 million investment to Montana.”    » read more »

September 15, 2009 -- ATLANTA -- Georgia Governor Sonny Perdue announced today that Wiregrass Power, LLC plans to locate a 40-megawatt renewable energy power plant in Valdosta. The company will create 25 jobs and invest $110 million over the next three years as the plant comes online.

“Georgia’s status as the nation’s Bioenergy Corridor continues to grow with the location of a renewable energy power plant in Valdosta,” said Governor Perdue. “Our vast supply of biomass, technology innovations and business-friendly environment are very attractive to companies such as Wiregrass Power.”    » read more »

June 19, 2009 -- DOVER – Delaware Governor Jack Markell and DNREC Secretary Collin O’Mara announced today that Delaware will be receiving $2.6 million for investment in clean energy projects from the state’s participation in the fourth Regional Greenhouse Gas Initiative (RGGI) auction of carbon dioxide (CO2) emissions allowances held Wednesday, June 17.

The 10 RGGI partnering states hold quarterly allowance auctions and invest the proceeds in energy efficiency, renewable energy and other programs that benefit energy consumers and create green jobs.

“RGGI offers an opportunity to invest needed resources in energy efficiency and greenhouse gas reduction efforts, and at the same time create jobs and help consumers reduce energy costs,” said Governor Markell.    » read more »

June 19, 2009 -- MADISON – Wisconsin Governor Jim Doyle today announced that Exact Sciences Corporation has received a $1-million loan from the Department of Commerce to relocate its headquarters and operations from Marlboro, Mass., to Madison. The company expects to make a significant investment in its relocated operations, creating as many as 150 jobs over five years, as it achieves its commercial milestones.    » read more »

Polymer Manufacturer to Locate New Facility near Plaquemine, Creating over 500 Jobs

PLAQUEMINE – Today, Louisiana Governor Bobby Jindal joined SNF Holding Co. (SNF) officials to announce that the company will construct a new water-soluble polymers manufacturing facility in Iberville Parish. Once fully operational, the plant will employ over 500 permanent, full-time employees with an average salary of $57,400 and involve capital investment of at least $362 million.

Governor Jindal said, “I want to commend SNF for making such a significant investment in Iberville Parish and in the people of this community. Today’s announcement, along with a number of other recent announcements, has helped Louisiana’s economy outperform the national and Southern economies.    » read more »

June 17, 2009 -- The Department of Transportation moved another step closer to realizing President Obama’s vision for high-speed rail in America today, publishing guidelines for states and regions to apply for federal funds as part of the American Recovery and Reinvestment Act.

“The time has finally come for the United States to get serious about building a national network of high-speed rail corridors we can all be proud of,” Secretary Ray LaHood said. “High-speed rail can reduce traffic congestion and link up with light rail, subways and buses to make travel more convenient and our communities more livable.”    » read more »

06/17/2009 -- BIRR, Switzerland - Tennessee Governor Phil Bredesen toured Alstom’s Turbine and Generator rotor manufacturing operation Tuesday in Birr, Switzerland. The tour of the Swiss power company is one of Bredesen’s recruiting efforts to expand European investment in Tennessee’s clean energy sector. The Alstom manufacturing operation is known worldwide for producing equipment used in coal, gas and nuclear plants.

“I’ve long said that it makes sense for Tennessee to redouble its effort to recruit new business, even though the global economy is in recession,” Bredesen said. “The people of Tennessee need higher skilled, good paying jobs, and now is not the time to pull back or retrench.”    » read more »

Creating More Than 11,000 New Jobs in Michigan

June 16, 2009 -- LANSING - Michigan Governor Jennifer M. Granholm today announced that Michigan's aggressive strategy to diversify the economy and attract investment to Michigan has resulted in 15 job-creating projects, which will generate more than 11,125 new jobs, retain another 846 and bring more than $247 million in new investment to communities across the state.

The projects span the upper and lower peninsulas and include aerospace, automotive and wind-turbine manufacturers; one of the nation's largest insurance management service companies; and brownfield redevelopments that will transform abandoned and contaminated sites into new centers of economic growth and activity.    » read more »

Governor Bobby Jindal Announces New American Car Company Will Make History in Louisiana; V-Vehicle Company Selects Monroe, La. To Begin Assembling New Automobiles and Create 1,400 Jobs

Jun 17, 2009 --
MONROE – Today, Louisiana Governor Bobby Jindal and Louisiana Economic Development (LED) Secretary Stephen Moret joined executives from V-Vehicle Company (VVC), Kleiner Perkins Caufield & Byers (KPCB) partners, local businessmen and local officials to publicly announce that VVC, a new American car company headquartered in San Diego, will begin assembling cars in Monroe. The project will create over 1,400 direct jobs at an average annual salary of nearly $40,000 plus benefits, as well as capital investment of at least $248 million.    » read more »

June 15, 2009

Governor Kaine Announces Alcoa Howmet Expansion in Hampton; Company to invest up to $25 million

RICHMOND – Virginia Governor Timothy M. Kaine today announced that Alcoa will invest up to $25 million to increase capacity and production of investment castings for industrial gas turbines at its Hampton operations.

"Alcoa Howmet has been a steadfast contributor and strong corporate citizen in Hampton since it opened in 1974," Governor Kaine said. "This expansion reflects Alcoa Howmet's continued commitment to its workforce and the City of Hampton, and I am delighted the company's long-term, positive experience in Virginia led to an expansion of this magnitude."    » read more »

Projects represent $100 million investment in south Louisiana

June 04, 2009 -- KENNER, La. – Entergy Louisiana, LLC and Entergy Gulf States Louisiana, L.L.C. have completed three major projects that represent an investment of more than $100 million in the electric transmission system in south Louisiana, the companies announced Thursday.

The projects include the rebuild of a transmission line in Plaquemines Parish that was destroyed by Hurricane Katrina and two upgrades to transmission lines that run through the Baton Rouge to New Orleans corridor.    » read more »

"Stimulus Should Be Used to Create Jobs, Not Relocate Them"

June 3, 2009 -- WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH) wrote to Commerce Secretary Gary Locke today regarding a plan by the city of Columbus, Georgia to request economic recovery funds to help support the relocation of NCR from Dayton, Ohio. Brown urged Locke to prevent economic recovery funds from being used to relocate jobs from one state to another.

“The purpose of ARRA is to create or retain jobs, not to relocate them from state to state,” Brown wrote in his letter today to Secretary Locke. “Stimulus funds should not be used in a manner that benefits one local economy at the expense of another.”    » read more »