Gov. Beshear: New Build-Ready Site in Jackson County Adds to State’s Growing Commitment to Site Development

FRANKFORT, Ky. (Feb. 8, 2024) – Today, Gov. Andy Beshear highlighted the continued momentum of the commonwealth’s site development and speed-to-market initiatives with the announcement of a new Build-Ready site in Jackson County, the program’s first designated brownfield site.

“We are building on the commonwealth’s historic economic momentum, and with that, we are continuing to build the foundation for even more growth in the years ahead,” said Gov. Beshear. “Build-Ready sites ensure companies have the infrastructure they need to start construction quickly and begin operation without costly delays that are often associated with new-location projects. This new Build-Ready site in Jackson County is yet another important step toward creating more quality jobs for Kentuckians.”

In May 2023, Jackson County was awarded funding through the Kentucky Product Development Initiative (KPDI) to turn a former industrial property into a Build-Ready site. The property was formerly home to the Mid-South Electronics facility that was lost to a fire in 2005, designating this site as the Build-Ready program’s first brownfield site. In addition to the Build-Ready requirements, the local community also produced several additional Phase I and Phase II Environmental Site Assessments through the Energy and Environment Cabinet’s Targeted Brownfield Assessment program and an intense geotechnical evaluation that cleared the site for further development.

The site includes a 140,000-square-foot building pad on nearly 17.7 acres. Along with natural gas, electric, water, phone and high-speed fiber internet provided by Bluegrass Fiber, the site offers access to the newly expanded and rerouted Kentucky Highway 30.

Jackson County Judge/Executive Shane Gabbard mentioned the significance of the site: “In my nine years serving as judge/executive in Jackson County, seeing this industrial site get this important certification is one of the most exciting announcements that we have had. It is vital to our economic and community development future. Thank you to all that were involved in making this a reality.”

McKee Mayor J. Michael Stidham expressed his excitement for the project: “As part of the Jackson County/McKee Industrial Development Authority, we are very excited about the approval of the Build-Ready status of the site and anything that can make our county grow. Anything that is good for Jackson County is good for McKee, and this is a great step forward for Jackson County!”

Mitchell Ball, executive director of Jackson County/McKee Industrial Development Authority invited businesses to the area: “Thanks to the Kentucky Cabinet for Economic Development for all their help, direction and encouragement provided through the Build-Ready process. If a company is looking for a location to start or expand its business/industry, Jackson County is ready and willing to help in any way possible!”

With a Build-Ready site, much of the work – aside from construction – has already been completed. That includes controlling the land to be developed, completing archaeological, environmental and geotechnical studies, constructing a building pad, finishing preliminary design work, obtaining approved site plan permits and putting necessary infrastructure in place. On a Build-Ready site, construction can begin immediately.

To be Build-Ready-certified, a site must include a pad ready to accommodate a building of 50,000 square feet with the ability to expand to 100,000 square feet or more and utilities extending to the site. Applicants – usually a city, county or economic development group – must have previously filed the necessary permits, as well as preliminary building plans, cost estimates and schedule projections. Applicants also are asked to provide a rendering of a potential building for the site.

Including the new site in Jackson County, the commonwealth is home to roughly 21 available Build-Ready sites. Multiple other locations across the state are currently working toward certification.

To date, 12 former Build-Ready-certified sites, including tracts located in Barren, Butler, Christian, Graves, Hart, Laurel and Pulaski counties and five sites in Warren County, have been selected by companies for new location projects, allowing companies to bring their operations online in a cost-efficient manner while creating jobs for local Kentuckians.

To keep the state’s red-hot economy booming and to make sure every community has an opportunity to land a major new employer, the Governor’s current budget proposal includes another $200 million over the next two years: $100 million to prepare mega-development projects and another $100 million for county and regional site development.

“We know this works. Working with lawmakers, we’ve already dedicated $100 million to this kind of site development through this successful program,” Gov. Beshear said. “To date, more than 52 counties have received funding to develop more Build-Ready sites, and a second round of funding is on its way.”

The new Build-Ready site announcement in Jackson County builds on the best four-year period for economic growth in state history.

Since the beginning of his administration, Gov. Beshear has announced more than 1,000 private-sector new-location and expansion projects totaling over $30 billion in announced investments, creating more than 51,800 jobs. This is the highest investment figure secured during the tenure of any governor in the commonwealth’s history.

The robust job creation has been accompanied by rising wages across the commonwealth. The average incentivized hourly wage in 2022 and 2023 topped $26 in consecutive years for the first time.

Gov. Beshear has announced some of the largest economic development projects in state history, which have solidified Kentucky as the electric vehicle battery production capital of the United States: Ford Motor Co. and SK On’s transformative $5.8 billion, 5,000-job BlueOval SK Battery Park in Hardin County; AESC’s $2 billion, 2,000-job gigafactory project in Warren County; Toyota’s $1.3 billion investment in Scott County; and INFAC North America’s $53 million investment in Taylor County, among others.

The Governor’s administration also secured the largest General Fund budget surplus and Rainy Day Fund, as well as the most jobs filled in state history. Last year, Kentucky set the record for the longest period with the lowest unemployment rates in state history.

Kentucky also secured rating increases from major credit rating agencies Fitch Ratings and S&P Global Ratings, and Moody’s Investors Service upgraded Kentucky’s credit outlook from stable to positive.

Site Selection magazine placed Kentucky first in the South Central region and top 5 nationally in its 2023 Prosperity Cup ranking, which recognizes state-level economic development agencies for their success in landing capital investment projects.

Gov. Beshear announced a “Supply Kentucky” initiative with the goal of boosting job growth, reducing costs and providing more security in the supply chains of our Kentucky companies.

For more information on Build-Ready sites in Kentucky, visit CED.ky.gov/BuildReady.

A detailed community profile for Jackson County can be viewed here.

Mailchimp aims to inspire innovation through whimsy at new Atlanta HQ

The ability to alter video call backgrounds has changed the vibe of work meetings. You can give a presentation surrounded by a tropical island scene, or maybe the overlay of a refined study will add some sophistication to your virtual interview.

If a tiki-themed room or a picturesque library seems like a great backdrop to spice up work, you don’t have to scroll through Zoom’s options — you can just go to Mailchimp’s new Atlanta headquarters. Atlanta Journal Constitution

“We’ve had people comment that it looks like a fake Zoom background,” Ashely Wilson, Mailchimp’s senior manager of employee experience, said inside the building’s library-themed workspace. “But no, we’re in the office!”

Mailchimp, one of Atlanta’s largest startup successes, held a ribbon-cutting ceremony Wednesday for its new offices, roughly 360,000 square feet of Beltline-adjacent space designed as a white-collar worker’s playground. Dozens of murals line the walls, there are menageries of seat choices and amenities are omnipresent to tempt employees away from working from their couch.

Atlanta Journal Constitution

European Tire Recycling and Sustainable Commodity Manufacturing Company Announces $46 Million Plan to Build First U.S. Facility in Louisiana

RESERVE, La. – Life for Tyres Group Limited, Europe’s largest end-of-life tire recycling company with manufacturing facilities for sustainable commodities, announced it will invest $46 million to establish its first U.S. processing facility on 10 acres at the Port of South Louisiana.

The recycling and manufacturing plant, L4T Louisiana LLC, will convert end-of-life tires into high-quality sustainable commodities such as advanced biofuel feedstock, recovered carbon black and scrap steel. L4T expects to create 46 direct new jobs in St. John the Baptist Parish. Louisiana Economic Development estimates the project will result in 151 indirect new jobs, for a total of 197 potential new jobs in the Southeast Region.

“This new project is a perfect example of the power of the ports to drive investment and job creation in Louisiana,” Governor Jeff Landry said. “In addition to the tremendous impact this foreign investment will have on the state and local economies, L4T will support Louisiana-based oil and gas and petroleum chemical companies with high-quality sustainable commodities that help them achieve their carbon management goals.”

Life for Tyres Group’s patented technology enables it to manufacture high-quality secondary raw materials such as recovered carbon black, green oil and steel, which are then used in industrial processes. The company says its approach reduces up to 90% of greenhouse gas emissions when compared with conventional tire recycling processes.

“We are very excited about expanding our operations in the U.S. in the state of Louisiana and being part of its energy transition,” L4T CEO Tilen Milicevic said. “A strong industrial ecosystem, the availability of qualified personnel and suppliers, excellent connectivity, abundance of feedstock and proximity of our final clients are just a few of the many reasons why L4T Group, following a thorough market study, decided for Louisiana to be home to our first investment in the U.S. We are looking forward to a long and fruitful partnership with the Port of South Louisiana and to being good corporate citizens for the state of Louisiana.”

L4T’s Louisiana facility is part of a broader global expansion plan by the company, which is headquartered in Ireland and recently opened a plant in Puertollano, Spain.

“At the Port of South Louisiana, we have made environmental sustainability a pillar in our mission as we seek private investments that not only create jobs for River Region families, but are also safe for our community,” Port of South Louisiana CEO Paul Matthews said. “The first of its kind in the nation, L4T Louisiana will be a world-class, carbon positive facility where Louisiana’s workers will produce high-quality totally sustainable commodities. This project will be a welcome addition to Globalplex, making it a greener and more efficient facility with room to grow.”

To secure the project, the state of Louisiana offered a competitive incentives package that includes the comprehensive workforce development solutions of LED FastStart. It also includes a Performance-Based Grant of $1 million to be used for reimbursement of company expenditures for site improvements. The company is also expected to participate in Louisiana’s Industrial Tax Exemption and Quality Jobs programs.

“We are thrilled to welcome Life for Tyres to the Greater New Orleans region, creating economic growth and new jobs in St. John the Baptist Parish,” said Michael Hecht, president and CEO of Greater New Orleans, Inc. “The company’s innovative process not only helps put discarded tires back into commerce, it transforms them into sought-after biofuel products that help prove that Louisiana will be the all-of-the-above energy state of the future.”

About Life for Tyres Group
Life for Tyres Group specializes in manufacturing high-quality sustainable commodities from waste tires. L4T’s main activities include the development, investment, construction and operation of state-of-the-art upcycling facilities for waste tires. Headquartered in Ireland, the company was founded in 2017 and owns the largest upcycling facility of its kind in Europe. L4T possesses intellectual property (five patents) in respect to its industrial process, which consists of depolymerization of ELTs into a number of sustainable commodities comprising advanced biofuel feedstock (which is certified by ISCC ED renewable component) and circular depolymerization oil (non-renewable component certified by ISCC PLUS); recovered black carbon (certified by ISCC Plus); scrap steel; and syngas. For further information, visit L4TGroup.com.

About LED
Louisiana Economic Development is responsible for strengthening the state’s business environment and creating a more vibrant economy. In 2023, LED attracted more than $25 billion of capital investment resulting in the creation of 19,000 potential new and retained jobs. Explore how LED cultivates jobs and economic opportunity for the people of Louisiana and employers of all sizes at OpportunityLouisiana.gov.

About the Port of South Louisiana
Founded in 1960, the Port of South Louisiana [PortSL] is a 54-mile port district on the Mississippi River between New Orleans and Baton Rouge, encompassing the parishes of St. Charles, St. John the Baptist, and St. James. The Port of South Louisiana is the largest port in Louisiana and No. 2 in the Western Hemisphere. It ranks as the No. 1 U.S. grain exporter and No. 2 U.S. energy transfer port. Port SL is home to seven grain transfer facilities, four major oil refineries, 11 petrochemical manufacturing facilities and several other facilities, including the Executive Regional Airport

Hartsfield-Jackson surges in 2023. Here’s how many passengers it saw

Hartsfield-Jackson International Airport said it handled 104.7 million passengers in 2023, marking its continued recovery from the effects of the COVID-19 pandemic on air travel.

The passenger count marks an 11.7% year-over-year increase. But it still falls short of the record 110.5 million passengers the Atlanta airport handled in 2019, before the pandemic hit.

Atlanta Mayor Andre Dickens in a written statement called the airport’s performance “a testament to our city’s resilience and the airport’s pivotal role in the economic recovery.”

Atlanta Journal Constitution

Florida Chamber Foundation Economists Predict Another Year of Positive Economic Growth for the World’s 15th Largest Economy in 2024

The Florida Chamber Foundation unveiled its 2024 economic and demographic predictions during the 2024 Florida Economic Outlook & Jobs Solution Summit. The Florida Chamber Foundation team, leading economists, industry experts, and lawmakers shared a glimpse into the opportunities and challenges Florida’s economy and businesses are facing on the road to 2030. The Solution Summit featured a 2024 Florida economic forecast, a national economic outlook, and valuable insight into Florida’s evolving workforce needs, housing trends, population growth, research and development potential, and more.

“Florida leads the nation in several important categories and has become the national model for economic growth,” said Florida Chamber Foundation President & CEO Mark Wilson. “As Florida continues to experience extraordinary economic and population growth, it is essential our job creators continue uniting around the right long-term solutions to secure Florida’s Future.”

Under the leadership of Governor Ron DeSantis, Senate President Kathleen Passidomo, and House Speaker Paul Renner, Florida is creating 1 in every 13 U.S. jobs, is growing by 1,000 people per day, and has the lowest debt per capita of any state.

Florida Chamber of Commerce

Kaseya to Create 3,400 Jobs in Miami

TALLAHASSEE, Fla. – Kaseya has announced it will create 3,400 new direct jobs in Miami over the next three years with a capital investment of more than $16 million. Kaseya, a global IT management software firm, made its initial move to Miami in 2018.

“Kaseya’s monumental announcement further solidifies Florida as a leading technology hub,” said Laura DiBella, Florida Secretary of Commerce and President & CEO of Enterprise Florida. “As talent development is crucial to the growth and vitality of Florida companies, Enterprise Florida worked diligently with our partners at CareerSource Florida to offer Kaseya up to $6.8 million in Quick Response Training funds. We believe this investment will create essential workforce development opportunities that will benefit the Miami-Dade community for years to come.”

The 3,400 new direct jobs will have an average salary of $107,000, an unprecedented investment in the tech industry in Miami-Dade County.

SelectFlorida.org

Va. Beach makes economic development head permanent

Charles E. “Chuck” Rigney Sr. has worked in economic development all over Hampton Roads; in Norfolk, Portsmouth and Hampton.

Last February, he joined Virginia Beach’s economic development team as a business development administrator and since June 2023, he has been the department’s interim director. Now he’ll keep the job permanently. The city announced his promotion Feb. 2 and Rigney will start his new role Thursday.

Rigney graduated from Old Dominion University, where he studied political science. He started his career in banking, then worked in commercial real estate for Virginia Beach-based The Breeden Co. and Virginia Beach-based Armada Hoffler. He was tapped as Virginia Beach’s interim director after the city’s previous economic development chief, Taylor Adams, left for a job in Nevada.

Virginia Business

Arkansas Receives Deal of the Year Impact Award for Westrock Coffee Project

Arkansas has been spotlighted for one of its 2023 projects by a leading economic development publication.

Industry publication Business Facilities has awarded Arkansas with a 2023 Deal of the Year Impact Award in the Social Impact category in recognition of its Westrock Coffee announcement. The Deal of the Year Impact Awards are meant to “recognize project investments that will have significant impact in their new or expanded locations, focusing on a specific aspect of the project,” according to Business Facilities.

“Thank you to Business Facilities for recognizing the Westrock Coffee announcement as one of its 2023 Deal of the Year Impact Award winners,” said Clint O’Neal, executive director of the Arkansas Economic Development Commission. “This project truly impacts lives for the better, and we are proud to see a great Arkansas company like Westrock Coffee and a great Arkansas community like Conway be recognized nationally for this economic development announcement.”

Westrock Coffee announced its plans to increase its investment in Arkansas in June 2023. The company announced that it would be expanding its development, production, packaging, and distribution facility in Conway, Arkansas. As part of this expansion, the company will be investing more than $300 million and creating 600 new jobs in Central Arkansas.

AEDC

New details emerge for Disney’s massive $60B spending plans for theme parks, cruises, more

More details have come to light on the timing and distribution of the $60 billion investment The Walt Disney Co. (NYSE: DIS) has planned for its Disney Parks, Experiences & Products division over the next 10 years — and first fruits from the capital spending plans may not be too far off.

The investment plans for the Burbank, California-based entertainment giant have important economic implications for Central Florida, as the Experiences division oversees the company’s theme parks, cruise lines and more.

During an earnings call Feb. 7 for the first quarter of fiscal-year 2024, Disney CFO Hugh Johnston noted 70% of the $60 billion is “earmarked for incremental capacity-expanding investments around the globe.”

Orlando Business Journal