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Tag: Capital Investment


Energy, Industry Focus Areas

Treasury Issues New Guidance On Clean Energy Investment

March 22, 2024

Via: Business Facilities Magazine

Today, the U.S. Treasury Department and Internal Revenue Service (IRS) released guidance that provides additional information about the bonus for clean energy projects and facilities under the Inflation Reduction Act (IRA). This bonus is intended to help energy communities harness […]


Energy, Industry Focus Areas

Treasury Secretary: IRA Led To $650B In Clean Energy Investment

March 13, 2024

Via: Business Facilities Magazine

This week marks the third anniversary of the American Rescue Plan Act of 2021 (ARP), and Secretary of the U.S. Department of the Treasury Janet L. Yellen marked the occasion with a visit to Elizabethtown, KY to tour the new […]


Design & Planning, Industry Focus Areas, Motorized Vehicle, Process

Schaeffler Plans New EV Manufacturing Facility In Dover, Ohio

March 5, 2024

Via: Business Facilities Magazine

Global motion technology company Schaeffler will expand its operations in the U.S. with the addition of a new manufacturing facility focused on producing solutions for the electric vehicle (EV) industry. Schaeffler will invest more than $230 million to build the […]


News

Future Mobility, Sustainability Projects To Bring More Than 1,360 Jobs To Michigan

February 28, 2024

Via: Business Facilities Magazine

This week, Governor Gretchen Whitmer joined the Michigan Economic Development Corporation (MEDC) to announce Michigan Strategic Fund (MSF) approval of two projects in the future mobility and green energy sectors. Together, the Corning Incorporated and Lucid Motors projects will generate […]


News

Utah Tax Credits Assist With Expansions Across Industries

February 26, 2024

Via: Business Facilities Magazine

Companies across industries have chosen to expand their operations in Utah — due, in part, to tax credits. Pattern, a global e-commerce and marketplace acceleration platform, plans to add more than 500 jobs and invest nearly $26 million in the […]


News

Omron Automation To Establish South Carolina Presence

February 13, 2024

Via: Business Facilities Magazine

A global leader in the industrial automation technology industry will soon establish its presence in South Carolina. Omron Automation chose Spartanburg County for its $9.2 million investment, according to the South Carolina Department of Commerce. Gov. Henry McMaster said the […]


News

Stardust Power Picks Oklahoma For Battery-Grade Lithium Refinery

January 16, 2024

Via: Business Facilities Magazine

Stardust Power Inc. will build a new battery-grade lithium refinery at Southside Industrial Park in Muskogee, Oklahoma. The manufacturer of battery-grade lithium products is expected to be eligible to receive up to $257 million in state and federal economic incentives […]


News

Capital Concrete Adds 5th Facility In South Carolina

January 11, 2024

Via: Business Facilities Magazine

Capital Concrete Co. will invest $8.25 million to add a facility in Fairfield County, South Carolina. The construction materials supplier expects to create 17 jobs with the new operation in Ridgeway, according to the South Carolina Department of Commerce. “Capital […]


Process, Production

$90M CHIPS Act Funding To Spur Microchip Expansion In Colorado

January 5, 2024

Via: Business Facilities Magazine

Microchip, a leading producer of semiconductor devices announced yesterday a preliminary memorandum of terms (PMT) resulting in $90 million to modernize and expand a its fabrication facility in Colorado Springs, Colorado as part of $162 million in overall direct funding […]


News

NY State Enters $10B Partnership With Semiconductor Industry

December 18, 2023

Via: Business Facilities Magazine

New York state has entered into a $10 billion partnership with several semiconductor industry leaders to establish research and manufacturing in the state, creating at least 700 jobs in the process. Governor Kathy Hochul said the collaboration, which includes the […]


Energy, Industry Focus Areas

11 Major U.S. Clean Energy Projects Announced Last Month

December 12, 2023

Via: Business Facilities Magazine

Last month, companies announced 11 large-scale clean energy and clean vehicle projects across the United States, according to the latest monthly analysis from national nonpartisan business group E2. Seven of November’s 11 announcements included details on employment and/or investment plans, […]


News

Elopak To Invest $70M In Arkansas Production Plant

December 7, 2023

Via: Business Facilities Magazine

Norway-based Elopak will build its first U.S. production plant in Little Rock, Arkansas. The plant — which will produce Pure-Pak® cartons (Gable Top packaging) for liquid dairy, juices, plant-based products and liquid eggs — will feature the latest state-of-the-art technology […]


News

Hoffman Brothers Invests Nearly $6M For Missouri Expansion

November 20, 2023

Via: Business Facilities Magazine

A full-service residential and commercial HVAC provider plans to create 300 new jobs as part of its nearly $6 million expansion in Maryland Heights, Missouri. The Hoffman Brothers’ 20,000-square-foot expansion includes a shared services space to accommodate its growth in […]


Energy, Industry Focus Areas

ExxonMobil’s Arkansas Lithium Well Part Of $100M Investment

November 15, 2023

Via: Business Facilities Magazine

ExxonMobil recently selected southwest Arkansas for its first phase of North American lithium production—a move the company said demonstrates its “leadership in energy transition.” “Lithium is essential to the energy transition, and ExxonMobil has a leading role to play in […]


News

Siemens To Invest $150M In Dallas-Fort Worth Manufacturing Plant

November 6, 2023

Via: Business Facilities Magazine

In Dallas-Fort Worth, Texas, Siemens will invest $150 million in a new high-tech manufacturing plant to help power American data centers and critical infrastructure. The plant will produce state-of-the-art reliable and efficient electrical equipment. It will enable accelerated growth of […]


Energy, Industry Focus Areas

Canadian Solar To Build $800M Solar PV Cell Plant In Indiana

November 1, 2023

Via: Business Facilities Magazine

Canadian Solar Inc. will invest a projected $800 million to establish new solar photovoltaic (PV) cell production facility at the River Ridge Commerce Center in Jeffersonville, Indiana. The new plant will produce an annual output of 5GW – equivalent to […]


News

Illinois Looks To Double Down On Development

October 23, 2023

Via: Business Facilities Magazine

Strategically located at the heart of the country, Illinois is at the crossroads of commerce, putting businesses, people, and goods within a four-hour flight of the entire North American market — and is home to the world’s most-connected airport. It’s […]


News

Incentive Program Nets More Than 200 Jobs For Rural Utah

October 16, 2023

Via: Business Facilities Magazine

Two companies will bring a combined 274 jobs to rural Utah because of a state incentive program. C&J Specialties, a Utah-based snack manufacturing company, and Kent Outdoors, a sporting goods manufacturing company, both received a post-performance tax reduction through the […]


Industry Focus Areas, Motorized Vehicle

The EV Industry: Charging Ahead

October 11, 2023

Via: Business Facilities Magazine

Once a unique mode of transportation for the environmentally responsible, electric vehicles (EVs) are now a booming industry that is attracting attention and investment. More than 50 models of EVs and Plug-in Hybrid Electric Vehicles (PHEVs) are available on the […]


Regulations

US Chips Act roll-out extended to smaller supply chain projects

October 2, 2023

Via: Electronics Weekly

The projects will produce the equipment, chemicals, gases, and other materials that are needed in the semiconductor supply chain. The application process is designed to be accessible for smaller businesses and projects. It includes two phases: Concept Plan: Applicants will […]