Woory Industrial Company, Ltd., an automotive parts manufacturer, recently announced that it will establish a new manufacturing facility in Dublin as its first U.S. manufacturing location.
Woory is a Korea-based company that develops and produces HVAC auto components for all types of vehicles, including electric and internal combustion engine vehicles, and eco-friendly and hydrogen-fueled cars.
Read the full story
During the month of May, the Georgia Department of Economic Development (GDEcD) announced that three companies are investing a combined total of $1.59 billion to establish new business operations in the Peach State.
Read the full story
U.S. employers have added roughly 339,000 jobs in May, and the monthly unemployment rate rose to 3.7%, from a five-decade low of 3.4% in April, according to a Labor Department report released Friday.
Average hourly earnings rose 0.3% for the month while on an annual basis, wages increased 4.3%, which was a 0.1 percentage point under the estimate.
Read the full story
Friday’s jobs report shows 339,000 jobs were created in May, beating expectations again. While Democrats and the media celebrate, the labor market condition is not as strong as this topline number suggests.
The report shows that real wages continue to decline. For the 26th consecutive month, average wages grew slower than inflation. The Biden presidency will forever be marked as one where Americans got poorer and saw their living standards decline.
Read the full story
The unemployment rate dropped in all of Tennessee’s 95 counties in April and each county now has an unemployment rate below 5%.
Read the full story
Meco Corporation officials recently announced that the company will invest $27.8 million to expand its headquarters in Greene County.
Read the full story
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.
Read the full story
While billion-dollar economic development incentives are heavily expanding across the country, the agencies in charge of handing out those incentives claim to create or retain 625,000 jobs in their most recent fiscal years, according to a new report.
The Center for Economic Accountability tallied up the jobs claimed as part of incentive packages in the 50 states and Washington, D.C. and found job total would be less than 5% of the 15 million to 17 million jobs naturally created in the United States economy each year.
Read the full story
Department of Interior Secretary Deb Haaland said the quiet part out loud last week. As the executive of our public lands agency, she does not believe that Americans need jobs because there are already so many jobs available. It’s better to lock up land, and lock down mining because who wants those jobs, when there are so many others?
Before the U.S. Senate Energy and Natural Resources Committee, Haaland told Sen. Josh Hawley, “Senator, I know that there’s like 1.9 jobs for every American in the country right now. So, I know there’s a lot of jobs,” which was her explanation for canceling cobalt mining permits for Twin Metals Minnesota, an underground mine proposed for the northeastern part of the state. America won’t need those jobs, she was saying.
Read the full story
Kordsa, Inc. officials announced Wednesday that the company will invest $50 million to expand manufacturing operations at its Chattanooga facility.
Read the full story
6K Energy officials announced Tuesday that the company will invest in a full-scale PlusCAM™ battery material manufacturing plant in Jackson.
Read the full story
United Record Pressing officials recently announced that the company is investing $10.8 million to expand manufacturing operations at its headquarters in Nashville.
Read the full story
Steamboat Transportation Group, LLC officials recently announced that the company will invest $2 million to expand and relocate its headquarters operations from Nashville to Brentwood.
Read the full story
Amazon applied for economic development incentives from Virginia for its new HQ2 campus in Arlington, requesting the state pay $152 million to the company by 2026.
Arlington was chosen as the site for Amazon’s second quarters four years ago – a move the company said would bring 25,000 jobs to the area by 2030. The tech giant has roughly 8,400 employees assigned to HQ2, and the average wage of these jobs must meet or exceed $156,800, according to Amazon spokesperson Rachael Lightly.
Read the full story
In a video released Monday morning, Gov. Gretchen Whitmer touted Democrat’s accomplishments in their first 100 days of office.
She again claimed that she “secured” 35,000 auto jobs since 2019.
Read the full story
Duracell Manufacturing officials announced Tuesday that the company will invest $25 million to expand its existing battery component manufacturing operations in Cleveland.
Read the full story
The Nashville Convention & Visitors Corp, in partnership with the Greater Nashville Hospitality Association, is hosting a hospitality industry job fair at Nissan Stadium on Tuesday. The job fair will be held from 10 a.m. to 3 p.m. (Central Standard Time) and will host 48 regional employers – some with current job openings ready to hire on the spot.
The hiring event comes as the hospitality industry in Nashville continues to grow. The city has 273 hotels, with an additional 2,544 rooms under construction, according to data by the Nashville Convention & Visitors Corp. In addition, 66 new restaurants opened in 2022, with 765 restaurants and bars opening since 2015.
Read the full story
Toyota Boshoku Tennessee, LLC (TBTN) announced Thursday that it will invest $54.4 million to expand manufacturing operations at its metal stamping facility in Jackson.
Read the full story
The Mt. Juliet Planning Department recently voted to move Costco Wholesale’s Development Plan package to the Board of Commissioners with a positive recommendation as the next step in bringing the store to the city.
Read the full story
NYX Linden LLC recently announced that the company will invest $10.4 million to expand its current manufacturing operations in Perry County, which is categorized as an “economically distressed” county by the Tennessee Department of Economic and Community Development (TNECD).
Read the full story
Big Valley Brands, LLC, also known as Big Valley Air, announced Wednesday the company will invest $1.4 million to expand its manufacturing operations in Sequatchie County, which is categorized as an “economically distressed” county by the Tennessee Department of Economic and Community Development (TNECD).
Read the full story
MDS Foods Inc., also known as MDS Cheese, recently announced that the company will invest $8.9 million to expand current operations at its Tullahoma facility in the Coffee County Joint Industrial Park located in Tullahoma.
Read the full story
OTICS USA, Inc. officials recently announced that the company will invest $147 million to expand its manufacturing operations in Morristown.
Read the full story
The Webstaurant Store, LLC announced Tuesday that the company will invest $103.9 million to locate new distribution operations in Lebanon’s Speedway Industrial Park.
Read the full story
Ohio got back on a record track with new business filings in January.
After struggling through the latter half of last year, the state set a record with 17,006 new business filings last month, Secretary of State Frank LaRose said.
Read the full story
The Robinette Company officials recently announced that the company would invest $10.3 million to construct a new 100,000-square-foot facility in Piney Flats.
Read the full story
Custom foods manufacturer SK Food Group, Inc. announced that it will invest $205.2 million to construct a production facility in Cleveland, Tennessee.
Read the full story
On Wednesday, ZLINE Kitchen and Bath announced a multimillion-dollar expansion in its Northwest Tennessee distribution operations by locating a new facility in Milan.
Read the full story
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.”
Read the full story
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.
Read the full story
Lawmakers have approved a variety of tax credits in an effort to boost economic growth in the commonwealth. Evidence of that growth, however, can be hard to find.
For one program aimed at rural Pennsylvania, a state agency has recommended a pause until more data can show that the tax credits have actually created jobs.
Read the full story
The Biden administration has drawn fire for admitting that killing the Keystone Pipeline cost the U.S. economy thousands of jobs and billions of dollars.
A report from the Department of Energy showed the pipeline would have supported tens of thousands of jobs, though the number is hard to nail down.
Read the full story
Governor Bill Lee and the Tennessee Department of Economic and Community Development (TNECD) posted their picks for the top five new business investments in the state during 2022.
In all, about 100 projects were supported by TNECD statewide in 2022, resulting in more than 16,000 jobs and $8.6 billion in private investment, according to the department.
Read the full story
Tennessee-based company Summertown Metals, LLC officials recently announced that it would invest $11 million to expand its manufacturing and distribution operations in Lewis County.
Read the full story
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.
Read the full story
A new Quarterly Business and Economic Indicators report issued by the Tennessee Secretary of State’s Office revealed that new business filings in the third quarter of 2022 were the highest for a third quarter in the 24-year history of the data being collected.
Read the full story
Pfizer Inc says it will invest $750 million in its Kalamazoo facility to expand production of sterile, injectable medicines. The pharmaceutical company claims the expansion will create 300 jobs in Southwest Michigan.
This investment builds upon a $465 million investment in the Kalamazoo facility and a $120 million expansion announced earlier this year.
Read the full story
A cost engineering and data analytics company is investing $1.7 million to expand by adding 150 new jobs in Arlington, Virginia and will receive state-funded assistance for job training and recruitment.
Technomics, Inc, which is based in the Crystal City neighborhood in Arlington, will lease another 10,000 square feet of office space to expand. The company is employee-owned and has more than 220 employees. According to the governor’s office, the company began with cost estimating and analysis, but has grown to provide additional analytic services.
Read the full story
Private companies added 127,000 jobs in November, missing investor expectations by more than 70,000 to post the worst result since January 2021, according to private payroll firm ADP and CNBC Monday.
The addition represented a sharp decline from the 239,000 new jobs reported by the firm in October. Industries that were most directly impacted by higher interest rates, such as construction, were hit the hardest by job cuts, while consumer-facing industries, such as hospitality, largely weathered the storm, according to ADP.
Read the full story
Meta, the parent company of Facebook and Instagram, on Wednesday laid off 11,000 employees, or 13% of its workforce, amid lowered revenue.
The company, which had more than 87,000 employees in September, grew dramatically at the start of the COVID-19 pandemic.
Read the full story
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.
Read the full story
Newly released federal data show the economy created more jobs than expected but unemployment rose in October.
The U.S. Bureau of Labor Statistics released the data, which showed the economy added 261,000 jobs in October, higher than the Dow Jones estimate of 205,000 new jobs.
Read the full story
Taxpayers might foot $15 million for a private-public deal to redevelop the former Buick City brownfield site in Flint. The partnership hopes to create 3,000 jobs.
Real estate investment company Ashley Capital is contracted to purchase the 350-acre former Buick City site from Revitalizing Auto Communities Environmental Response Trust and plans to develop an industrial park.
Read the full story
Following a report that tech company Oracle has begun laying off workers from its Nashville location, the libertarian conservative political advocacy group Americans for Prosperity is calling on state and local leaders to scrutinize the company especially after it received “nearly a quarter of a billion dollars in taxpayer money.”
Read the full story
On Friday, Hardcoat Technologies LLC officials announced that the company will invest $6.6 million to expand manufacturing operations at its Papermill Drive location in Knoxville.
Read the full story
Georgia labor officials touted a rosy economic picture as the number of jobs in the state continued to increase, though the number of employed Georgians declined.
The number of jobs in the state increased to a new all-time high of more than 4.8 million.
Read the full story
Athletic footwear and apparel manufacturer New Balance Athletics announced that the company will invest $68.5 million to establish a new distribution center in Lebanon.
Read the full story
Arizona Latinos are most concerned about inflation, jobs and rising crime, according to a new poll published by UNIDOS US, a research and policy analysis organization that has focused on Hispanic American issues since 1968.
The poll, taken between July 20 and August 1 ranked 14 issues in terms of priorities for Arizona based Latinos, finding that of those categories 49% considered inflation the most pressing concern. Thirty four percent focused on jobs and 27% on crime.
Read the full story
Piedmont Lithium officials announced Thursday that the company would invest $582 million to establish a lithium hydroxide processing, refining, and manufacturing facility in Etowah.
The new facility will be located at the North Etowah Industrial Park, creating 117 new jobs in McMinn County. According to the Tennessee Department of Economic and Community Development (TNECD), the facility will be America’s largest “lithium hydroxide processing” facility.
Read the full story
Hankook Tire & Technology Co., Ltd officials announced Monday that the company will invest $612 million to expand its manufacturing operations in Montgomery County.
Read the full story