JAA: Hermeus is the company exploring Cecil Airport for multimillion-dollar expansion

Hermeus, an Atlanta-based hypersonic aircraft company, is exploring Cecil Airport as a location for a new engine test facility, according to the Jacksonville Aviation Authority.

The Mayor’s Budget Review Committee on Monday approved a proposal for incentive supporting the expansion of an aerospace and defense technology company under the codename Project Heat.

The incentives proposal will now be reviewed by City Council.

The Project Heat company, which JAA identified as Hermeus, aims to expand its operations in Jacksonville, city records show.

Hermeus, which was founded in 2018, plans to set up a test facility for hypersonic engines at a Cecil Airport hangar for the Department of Defense.

The company intends to make a $135 million capital investment, with $37 million in tangible personal property, to test, develop and manufacture the hypersonic engine. The project would create 100 full-time jobs, with an average annual wage of more than $100,000.

Jacksonville Business Journal

Kennametal resumes operations at Arkansas facility after tornado

Kennametal’s Rogers, Arkansas plant is back online.

After sustaining tornado damage from a May 26 storm, Kennametal Inc. was forced to temporarily shut down the Arkansas facility, which produces engineered carbide wear components used primarily in the energy and engineering industries. The facility also produces rods used in the manufacturing of certain round tools of the company’s metal cutting business.

Kennametal said that the facility, which is located at 205 N. 13th St. in Rogers, was closed for the Memorial Day holiday weekend at the time the tornado hit, and no employees were on-site at the time.

Pittsburgh Business Times

Local artisan saving treasures for Hadley Pottery, more (PHOTOS)

Sunlight filtered in through the curtainless windows of Juliet Ehrlich’s Louisville living room. Bas-relief sculptures and other of her creations filled her bright yellow walls.

More light is needed to really see the work, so the artist fetched a small lamp and shined it around the carved clay protrusions.

Shadowy details emerged in the brightness.

Smoke from a relief molding of French painter Claude Monet shimmered as if taking to the breeze. Swirls of a Spanish door segment deceived the eye, the painted lows and highs of the sculpture mimicking metal.

For a half of a century, Ehrlich’s artwork has evolved. Pottery, first. Then, clay and tiles and carved etchings leading to the bas-reliefs that fill this space; painting and sculpting and watercolors all a part of her artist’s journey.

“One exploration engenders another,” Ehrlich said. “It builds another door of curiosity.”

But new paths continue for the 68-year-old.

In a corner, near an antique Italian chair and a flowering bonsai tree, Ehrlich employs all her artistic skills to mend broken antiques and contemporary art.

Her enterprise, Restoration Conservation, deals mostly in decorative porcelain, stone ware and earthenware, but also metal and wood.

This venture is a natural outgrowth of her lifelong creative endeavors.

“I’ve been doing this for decades, and now I’m putting them all together, in a path, whose sort of side streets I’ve already walked on many, many times,” Ehrlich said. “And now they’re coming together for this purpose of restoration and resurrection and reanimation, and people have been tickled pink.”

Louisville Business First

Stanley Black & Decker to lay off 224 workers in Kannapolis as Fort Mill closure looms

Stanley Black & Decker Inc. (NYSE: SWK) is making another move here that will reduce its presence and workforce in the Charlotte area.

The toolmaker recently disclosed to state and local officials that it will close its Kannapolis Distribution Center at 1000 Stanley Drive by next year, laying off about 224 workers The company said the closure is expected to occur in five phases starting on Aug. 5 this year and ending on Oct. 10, 2025, according to its Worker Adjustment and Retraining Notification received by the N.C. Department of Commerce on June 7.

“As part of Stanley Black & Decker’s business transformation strategy launched in 2022, and in an effort to optimize its footprint and better serve customers, Stanley Black & Decker in 2023 announced changes to its manufacturing and distribution network – this included U.S. site expansions, site transformations into manufacturing centers of excellence, and site consolidation,” the company said today in a statement to CBJ.

Triad Business Journal

Constellation Real Estate Partners buys land for first Charlotte project, talks growth potential

Constellation Real Estate Partners has acquired a site in southwest Charlotte for its first industrial development here.

The Texas-based developer last month bought just over 41 acres off Continental Boulevard for $11.75 million, according to Mecklenburg County real estate records. The site will be home to Constellation 485 South, a 374,220-square-foot industrial building. Constellation will break ground on the project next month and plans to deliver the building in August 2025.

Constellation bought the land from an entity affiliated with Somerset Properties and Waterfall Asset Management. The seller also recently sold the adjacent Premier Distribution Center, which includes 1.4 million square feet of industrial space at the former Continental Tire plant site.

Charlotte Business Journal

EV partnership with BMW, Mercedes, GM brings 200 jobs to North Carolina

An electric vehicle charging company backed by several car manufacturing powerhouses has selected North Carolina for a major investment.

IONNA — a joint venture created by BMW, General Motors (NYSE: GM), Honda (NYSE: HMC), Hyundai (HYMTF), Kia, Mercedes-Benz, and Stellantis (NYSE: STLA) — picked Durham for a $10.1 million investment that will create 203 jobs over the course of five years. Those jobs will pay a minimum average wage of $128,457.

According to the North Carolina Department of Commerce’s Economic Investment Committee — which approved a performance-based JDIG grant of $4.1 million during a meeting Tuesday — the joint venture is planning to build “a state-of-the-art network environment to house corporate functions alongside a customer experience and research lab.”

Triangle Business Journal