Ohio’s third innovation hub will receive more than $31 million in taxpayer funds and focus on polymer research, development and technology in the Akron area.
Another $10 million in local investment is expected for the Greater Akron Polymer Innovation Hub, with more than 70 partner agencies, including the city of Akron and the University of Akron.
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Piedmont Lithium announced Thursday that the company abandoned its plan to invest $582 million to establish a lithium hydroxide processing, refining, and manufacturing facility in Etowah and instead build the proposed plant in North Carolina.
The company currently operates a plant in Gaston County, North Carolina, called Carolina Lithium, which will be expanded with the addition of the facility originally expected to be built in Etowah.
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Businessman and investor Elon Musk plans to build the world’s largest supercomputer in Memphis, representing the city’s largest capital investment by a new-to-market company in its history.
Musk’s company, xAI, would build its supercomputer, called Gigafactory of Compute, in an existing former manufacturing facility, if approved by local entities.
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The Americans for Prosperity Foundation (AFPF) recently released a report highlighting the amount of new investment in the healthcare industry which was denied due to the state’s Certificate of Needs (CON) law.
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Full-scope plastics manufacturer Primex Color, Compounding & Additives Corporation recently announced that the company will invest $5.4 million to construct a new research and development center and expand its existing manufacturing facility in Jasper.
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Georgia taxpayers have the eighth-best return on their “investment.”
WalletHub used 29 metrics to analyze the efficiency of state-government services across five categories: education, the economy, health, safety and infrastructure and pollution, to develop the rankings.
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Custom foods manufacturer SK Food Group, Inc. announced that it will invest $205.2 million to construct a production facility in Cleveland, Tennessee.
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On Wednesday, ZLINE Kitchen and Bath announced a multimillion-dollar expansion in its Northwest Tennessee distribution operations by locating a new facility in Milan.
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Nokian Tyres officials recently announced that the company will invest $174.1 million to expand operations at its Dayton facility to “double its tire production capabilities.”
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In-N-Out Burger, the popular west coast fast food chain, has announced expansion plans to build restaurants and a corporate office in Tennessee by 2026.
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General Machine and Tool Company, Inc. officials recently announced that the company will invest $3.7 million to expand manufacturing operations at its headquarters in Elizabethton.
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HealthVerve Food Manufacturing USA, Inc. officials announced Thursday that the company will invest $2.2 million to establish new manufacturing operations in Livingston. HealthVerve was founded in 2006 and is a high-value food manufacturer that specializes in canning processes and invests in research and development to bring wholesome and nutritional products to the public.
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Fretting over your 401(k) lately? For all the current turbulence in these retirement plans – from their rocky recent market performance to asset managers’ politicization of their investments through the “environment, social and governance” agenda – the main problem lies in their flawed design decades ago, a range of retirement experts say.
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On Wednesday, the Tennessee Department of Economic and Community Development (TNECD) announced two new economic investment projects are underway in the Volunteer State that are expected to create 175 new jobs in total.
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Anakeesta in Gatlinburg recently announced that it is undergoing a multimillion-dollar expansion in a move that will double the size of the guest experience within the theme park.
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Ventcon, Inc. officials announced on Tuesday that the company will invest $6.7 million in Madison County to establish its first manufacturing operations outside of the company’s headquarters in Allen Park, Michigan.
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Bob Rolfe officially exited the Tennessee Department of Economic and Community Development (TNECD) to enter the private sector Friday with a farewell message shared to social media. Rolfe has served as TNECD Commissioner since March 2017, when he was appointed by former Tennessee Governor Bill Haslam.
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Viasat, a global telecommunications giant, announced an expansion in Arizona that will add 1,500 jobs in the state.
The new construction will include “a 135,000-square-foot building, an outdoor atrium, open space for events and employee recreation, and a parking structure,” according to a report from Community Impact.
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Gov. Gretchen Whitmer will sign a $4.8 billion spending plan into law to focus on water, broadband internet, and housing.
“The Building Michigan Together Plan makes bold, bipartisan investments in the kitchen-table issues that matter most to Michigan families, including clean water, smooth roads, fast internet, and beautiful parks,” Whitmer said in a statement. “I am so proud that the Michigan Legislature and I were able to come together to get this done. This bill will make a real difference in our communities, support tens of thousands of good-paying jobs, and set up Michigan’s economy for decades of success. It is a testament to what is possible when we put Michiganders first.”
However, she didn’t say when she would sign it. Her office hasn’t responded to multiple requests for comment.
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Nestlé, one of the largest food and beverage manufacturers, will expand operations in Arizona, announcing a $675 million investment to build a 630,000-square-foot factory.
According to a release from the Arizona Commerce Authority, the factory will produce “high-quality creamers for Nestlé’s category-leading portfolio, including the Coffee mate, Coffee mate natural bliss, and Starbucks brands, with the ability to expand to additional beverages in the future.”
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Baltimore plans to spend $90.4 million of federal funds to buy hotels to replace existing homeless shelters and support other homelessness programs, The Baltimore Sun reported Tuesday.
The city has not yet announced which hotels it will buy, but it plans to replace 275 existing beds in several shelters with private rooms in city-owned hotels, the Sun reported.
“Non-congregate shelter is a best practice we’re seeing throughout the nation,” Director of the Mayor’s Office of Homeless Services Irene Agustin told the Sun. “We know this is an intervention that’s going to work within the city of Baltimore.”
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Now that it’s easier than ever to trade stocks and crypto thanks to apps like Robinhood and Etrade, it’s time to think about other options. People were quick to jump on the crypto bandwagon when Doge went to the moon in early to mid-2021, but the crypto crash later that year reminded everyone what an unsafe investment it really is. For those looking to diversify their investment portfolio, there are options beyond the new-school cryptocurrencies, or the traditional stocks and bonds. Keep reading to learn about exchange-traded funds or ETFs.
To put it as simply as possible, an exchange-traded fund is like taking a specific type of investment, say a commodity like gold, and collecting it together in a single group. Instead of buying gold on your own, you can invest in shares of a gold ETF. But why would you want to do that? Well, gold is expensive. To buy a meaningful amount you’d need to invest thousands of dollars. Not to mention you’d now have giant bars of gold lying around your house. You need far less capital to invest in an ETF. (And you don’t have a hoard of gold in your basement like some kind of dragon.)
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With chip and semiconductor shortages expected to last through the year, Gov. Ron DeSantis said Florida is continuing its investment in local technology initiatives to strengthen the economy and job growth and eventually offset future production delays.
Osceola County and Valencia College received nearly $10 million in funding through the Florida Job Growth Grant Fund to support semiconductor and other advanced technology manufacturing in the county.
The award includes $6 million to assist with developing infrastructure connecting the county’s emerging NeoCity technology district with its workforce, and $3.7 million to Valencia College to develop a new program that will train students in utilizing robotics technology for semiconductor manufacturing. The two awards are designed to help create manufacturing jobs and develop a talent pipeline to support industry growth.
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The U.S. Secretary of Commerce’s Economic Development Administration (EDA) awarded a $3.8 million Coronavirus Aid, Relief, and Economic Security Act (CARES) Recovery Assistance grant to the University of Michigan-Flint, Flint, to construct the university’s new College of Innovation and Technology.
The grant, to be matched with $4.9 million in local funds, is expected to create 126 jobs, retain 175 jobs, and generate $10.4 million in private investment.
“We are grateful to Secretary Raimondo and the Biden Administration for investing in University of Michigan-Flint’s College of Innovation and Technology,” Whitmer said in a statement. “This grant will help us usher in a new era of prosperity by supporting over 300 good-paying jobs and generating $10.4 million in private investment.”
Mayor Sheldon Neeley welcomed the investment.
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On Thursday, firearms manufacturer Smith & Wesson announced that they were moving their headquarters and significant elements of their operations from Springfield, Massachusetts to Maryville, Tennessee in 2023, creating 750 new jobs in Blount County. The move to Tennessee is an investment worth more than $125 million.
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Arizona State Treasurer Kimberly Yee announced that she is withdrawing all funds invested in Unilever, the parent company of Ben & Jerry’s, due to the ice cream company’s boycott of Israel’s settlements which violates Arizona law.
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Missouri Treasurer Scott Fitzpatrick and 14 other Republican state treasurers are questioning President Joe Biden’s administration pressuring of U.S. banks and financial institutions to not lend to or invest in fossil fuel companies.
The group of chief financial officers sent a letter to presidential climate envoy John Kerry this week expressing concern about a reported strategy to eliminate the coal, oil and natural gas industries by cutting off loans or investments.
“While the pursuit of more renewable sources of energy is a noble cause, the fact is that fossil fuels remain critical to our country and the entire world,” Fitzpatrick said in a statement. “The Biden Administration’s failure to acknowledge this will result in increased costs for consumers and businesses. An energy independent America is vital for national security and strengthens our economy which impacts all Americans – especially our poorest citizens who feel rising prices at the gas pump and the checkout line most. Attempts to pressure financial institutions to cut off the fossil fuel industry amounts to nothing less than an abuse of power by the federal government and should not be tolerated by states.”
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Hunter Biden continues to hold a minority stake in a Chinese private equity firm 100 days into President Joe Biden’s term, business records show.
Hunter Biden holds a 10% equity stake in BHR Partners through his company, Skaneateles LLC, according to Qixinbao and Baidu, two independent services that provide business records on Chinese corporations based on China’s National Credit Information Publicity System.
Joe Biden promised in October 2019 that if elected president, nobody in his family would have any business relationship with any foreign corporation or country.
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Tennessee’s state employee retirement system has had its “high” hopes dashed – at least from investing in medical cannabis.
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by Tim Pearce Apple is investing $1 billion to nearly double its workforce in Texas and is hiring thousands more employees in offices across the U.S., the company announced Thursday. Apple is adding 5,000 positions to its Austin, Texas, campus on top of the 6,200-strong workforce already there. The tech company is also establishing campuses in San Diego, Seattle and Culver City, California, employing about 1,000 people each. Hundreds more jobs will be added to other offices in places such as New York, Pittsburgh and Boulder, Colorado, by 2022. Apple’s announcement is relatively quiet compared to Amazon’s decision to build headquarters in Long Island City, New York, and Arlington, Virginia. The local and state governments at each location offered Amazon incentives worth millions of dollars. Dozens of other locations across the U.S. competed for Amazon’s attention with tax credits, infrastructure investment and other favors. President Donald Trump gave credit to Amazon for and owner Jeff Bezos for the antics. “I think they’re paying a very big price,” Trump said of Arlington and New York City in a November interview with The Daily Caller. “It was a competition. I know all about those competitions. I’ve been in those competitions —…
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