Tag: Capital Investment

October 11, 2023

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 […]

October 2, 2023

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 […]

September 29, 2023

Two automotive companies — Meleghy Automotive and GKN — will establish production sites while LEGO expands its packaging and storage operations, bringing more than $320 million in investment to Hungary. In Miskolc, Meleghy Automotive will invest $24.2 million to establish […]

September 28, 2023

A leading agriculture-technology company plans to invest more than $20 million to expand its operations in a St. Louis, Missouri suburb. Pivot Bio will establish a roughly 47,000-square-foot facility in Hazelwood, brining 41 new jobs to the area. The addition […]

September 28, 2023

Corrugated packaging company Pratt Industries will invest $500 million and create hundreds of jobs in Pennsylvania over the next 10 years. The announcement was made as Governor Josh Shapiro and Department of Community and Economic Development (DCED) Secretary Rick Siger […]

September 27, 2023

Oslo, Norway-based Nel Hydrogen will invest $400 million to build a new automated gigafactory in Plymouth Charter Township, Michigan. The facility will create 517 jobs to produce green hydrogen using electrolyzer technology. The company announced the project in May, at […]

September 25, 2023

A Wisconsin-based precision metal manufacturing company is expanding its operations to South Carolina. The first South Carolina site for Latitude Corp. will be a $29 million investment in Clarendon County and is expected to bring 200 jobs to the area. […]

September 25, 2023

A final rule implementing the national security guardrails of the CHIPS and Science Act has been released by the U.S. Department of Commerce (DOC). The CHIPS and Science Act provides $50 billion for programs to strengthen and revitalize semiconductor research, […]

September 21, 2023

Astate-of-the-art manufacturing facility expected to create more than 100 jobs is now open in Minnesota. Zeus, a global leader in advanced polymer solutions, held a grand opening for the Arden Hills facility earlier this month. CathX Medical, which Zeus acquired […]

September 12, 2023

Reyes Coca-Cola Bottling will invest $500 million to expand its facility in Rancho Cucamonga, California. The current site, in a city roughly 40 miles east of Los Angeles, will be demolished to construct a new, 620,000-square-foot building at the same […]

September 5, 2023

An automotive company with roots in Korea will bring more than 140 new jobs to Harris County, Georgia, as part of a $72 million project. The Daesol Ausys Georgia manufacturing facility in West Point will produce luggage boards and luggage […]

August 30, 2023

As Missouri continues to attract investment from a diverse range of industries, economic developers and other stakeholders are working toward having sites ready for these new and expanding businesses. Since May 2022, the state has attracted projects totaling $2.3 billion […]

August 29, 2023

The Oklahoma business climate is vibrant with growth of traditional industries invigorated with other sectors in more nascent stages. Economic development projects announced in 2022 and led by the Oklahoma Department of Commerce are expected to bring more than 7,000 […]

August 24, 2023

In May, the Minnesota Department of Employment and Economic Development (DEED) announced $5.4 million in funding for eight businesses through two programs—the Minnesota Job Creation Fund (JCF) and the Minnesota Investment Fund (MIF). These projects, described below, are expected to […]

August 16, 2023

Maxeon Solar Technologies, Ltd. announced this week that it has chosen Albuquerque, NM, as the location for the company’s first U.S. manufacturing expansion. The new world-class, 3-gigawatt facility will be designed to produce latest-generation TOPCon PV-silicon cell technology and Maxeon’s […]

July 17, 2023

Core Industries plans to invest $8.75 million to construct a processing and storage facility at its port facility in Mobile County, Alabama. The project will support a contract to handle wood pellets for CM Biomass, and create 28 jobs over […]

June 22, 2023

Ultra Safe Nuclear Corporation (USNC) will invest $232 million in Gadsden, Alabama. Gadsden will be the location of the company’s MMR Assembly Plant (MAP). The highly automated facility will manufacture, assemble, test, and inspect the non-radiological modules needed to construct […]

June 15, 2023

Enzene Biosciences, Ltd., a global biotech company based in Pune, India, will invest $50 million to open a state-of-the-art biopharmaceutical manufacturing plant in New Jersey. Operations in the new facility, located on the Princeton West Innovation Campus in Hopewell, are […]

June 12, 2023

Toyota North America has announced it is expanding its facility in York Township, Michigan, a project that is expected to generate a total capital investment of up to $47.7 million. Governor Gretchen Whitmer was joined for the announcement at Toyota’s […]

June 12, 2023

Clean Vision Corporation, an emerging leader in the sustainable clean technology and green energy sectors, will invest at least $50 million and create at least 40 new jobs with the establishment of a manufacturing facility in Quincy, West Virginia. According […]