Hotel near Toyota campus will be unlike anything else in North Texas

How Japanese design, Texas culture influence upcoming Miyako Hotel near Toyota HQ

An upcoming grand and unique hotel in Plano has generated significant buzz around how exactly the project will fuse Japanese sophistication with big Texas, Southern-style charm.

The Miyako Hotel, located on the south side of Campus at Legacy near Toyota’s North America headquarters, aims to not only cater to Japanese employees visiting the company, but also to a broader public looking for a special and authentic experience. It is expected to deliver in mid-2027.

Garfield Public-Private LLC was recently announced as the developer for the hotel — five years after the project was first announced. The Dallas-based firm will be responsible for finalizing designs and permits to bring the hotel closer to the construction phase.

Dallas Business Journal

Troubled Southwest Virginia draws promise of help from Youngkin, lawmakers

RICHMOND — Gov. Glenn Youngkin announced plans for an economic development initiative in Southwest Virginia, a region still struggling with the loss of the coal industry and where Democratic House Speaker Don L. Scott Jr. (Portsmouth) has also mounted a new push to address lingering problems.

Youngkin unveiled his “Accelerate Southwest Virginia” initiativelast week at an economic forum at the University of Virginia’s College at Wise. Though he was short on specific policy offerings, Youngkin touted a list of state-funded improvement projects related to transportation, education and health care, then announced a new $10 million small-business loan fund targeting the area through the Tobacco Region Revitalization Commission.

The commission was formed in 1999 to award economic development grants and loans in parts of the state that once benefited from the tobacco industry, using money from the national settlement with tobacco manufacturers over smoking-related health-care costs.

“I believe that we need to go faster and we need to accomplish more” in Southwest Virginia, Youngkin told the audience atthe forum. His initiative is “all about locking arms. This is all about focus, and this is about results.”

Scott, meanwhile, created a temporary, bipartisan legislative committee during this year’s General Assembly session and tasked it with recommending solutions to the lack of health care in rural communities, such as Southwest Virginia. The committee held its first meetings at the end of April and early May in Tazewell County, near Wise, and plans to tour health-care facilities in other rural parts of the state before recommending legislative solutions next year.

The Washington Post

Va. went all in on solar. Then its powerful utility changed the rules.

Four years ago, Fairfax County announced a landmark clean energy plan to install solar panels on more than 100 buildings including schools, community centers and government facilities. But progress on that goal — which the county estimated would save $60 million in utility costs over 25 years — has stalled after the state’s biggest utility imposed expensive grid connection requirements that solar proponents say make those midsize projects not viable.

Fairfax had completed six projects before Dominion Energy changed the requirements for midsize solar in December 2022. Since then, the county has downsized two projects to fall below the requirements’ parameters, while five others — including a police station, stormwater complex and library — are on hold. Fairfax is moving ahead with a five-megawatt installation at its landfill complex in Lorton despite an increase of $1.7 million to connect to the grid.

Across the state, the company began requiring upgrades for a “direct transfer trip,” which automatically disconnects a system, on some projects. That includes laying a dark fiber optic transmission line to a substation at a cost of $150,000 to $250,000 per mile and in some cases adding a relay panel that runs $250,000 for projects exceeding 250 kilowatts, raising costs by 20 to 40 percent.

The Washington Post

Former Northern Va. economic official sentenced in embezzlement case

HARRISONBURG, Va. — The former director of a local economic development authority in Virginia who was accused of embezzling $5.2 million through an array of bogus transactions was sentenced Wednesday to 14 years in federal prison — ending a legal drama that featured the death by suicide of a county sheriff who was also implicated in the crimes.

Jennifer R. McDonald wore a blank expression inside the Harrisonburg District Court as a judge chastised her for using her position as director of the Front Royal-Warren County Economic Development Authority to siphon the money between 2014 and 2018 to buy properties, pay bills and gambling debts, and enrich relatives and friends.

“This was the community that she purports to love and she betrayed that community,” said Judge Elizabeth Dillon, who also ordered that McDonald pay $2.7 million in restitution to the economic development authority, which gained possession of some properties from McDonald. The Washington Post

Miami jumps in rankings of world’s top startup ecosystems, report says

South Florida is among the Top 20 markets in the world for technology startups, according to a new report from Startup Genome and the Global Entrepreneurship Network.

The Miami metro area ranked No. 16 in the Global Startup Ecosystem Report 2024, an analysis of more than 300 ecosystems across the globe. It looks at factors such as venture capital funding, talent attraction and other trends to identify the best locations for early-stage startups.

That’s up seven places from 2023, when Miami came in at No. 23.

The report looked at performance, funding, talent and experience, market reach and knowledge to devise an overall ranking. Miami scored best for market reach (8), performance (7) and funding (7), but lagged in talent and experience (3) and knowledge (1).

The talent and experience category considers factors such as the number of STEM university students, the size of the life sciences market and software engineer salaries. The knowledge category looks at metrics such as the number of patents and research publications coming out the ecosystem.

South Florida Business Journal

Connor Industries locating operations in Coahoma County, Miss.

Boat manufacturer Connor Industries is locating operations in Clarksdale. The project represents a corporate investment of at least $8 million and will create 56 jobs.

Connor Industries’ new location will enable the company to manufacture and test boats year-round on the Mississippi River. The project involves the construction of a new 48,600-square-foot facility to house Connor Industries’ new Clarksdale operations, as well as public infrastructure improvements in north Coahoma County, including the construction of a new road over the Mississippi River levee and a river dock landing.

The Mississippi Development Authority is providing assistance for site development and infrastructure improvements. Substantive additional support is being provided through grants from the U.S. Economic Development Administration and Delta Regional Authority.

Based in Canada, Connor Industries’ product line includes welded aluminum commercial, luxury and emergency response vessels. The company expects to complete construction next year and plans to fill the 56 jobs shortly after completion.

Mississippi Development Authority

Blue Delta Jeans expanding in Lee County, Miss.

Custom blue jean manufacturer Blue Delta Jeans Company is expanding at its location in Lee County. The project is a $1,500,000 corporate investment and will retain 55 jobs.

Blue Delta currently leases 15,000 square feet of its facility in Shannon. The company is purchasing the facility, which will allow it to expand to fill its entire 25,000 square feet. Blue Delta plans to renovate the facility, as well.

The Mississippi Development Authority is providing assistance for building improvements.

Founded in 2012 in Tupelo, the bespoke denim company, whose clients include artists and athletes, creates custom-fit, tailored blue jeans to each client’s specific measurements, operating by its motto “one size fits one.” Today, Blue Delta products are sold online and carried by more than 400 wholesale partners across the U.S., Canada and the UK.

Mississippi Development Authority

Anduril Industries expanding operations in Stone County, Miss.

Anduril Industries is expanding its operations in McHenry. The project represents a corporate investment of $75 million and will create 60 new jobs. Anduril is a defense technology company on a mission to transform U.S. and allied militaries with advanced technology. Anduril combines modern software expertise with a rapid and differentiated approach to hardware development and manufacturing.

The company, based out of Costa Mesa, California, acquired Adranos, Inc. last year, along with its solid rocket motor production site in Stone County. The expansion will enhance the capabilities of that facility to increase the propellant mixing and solid rocket motor annual production capacity from 600 to more than 6,000 tactical-scale solid rocket motors. The expansion supports growing demand from Anduril’s customers.

Mississippi Development Authority

S&W Foods Announces $21 Million Investment to Expand Hammond Headquarters, Retain More Than 100 Tangipahoa Parish, La. Jobs

HAMMOND, La. – S&W Wholesale Foods, a Louisiana-based leading independent foodservice supplier, announced it is investing $21 million to acquire a new facility that will increase operational capacity and allow the company to fill orders for customers across the Gulf Coast more effectively and efficiently.

The company is expected to retain more than 100 existing jobs in Tangipahoa Parish. The project is estimated to create 60 construction jobs at peak construction.

“Louisiana’s world-class food scene extends beyond our many great restaurants to the locally-owned businesses that support this wide-ranging sector,” LED Secretary Susan B. Bourgeois said. “There are success stories just like S&W Foods in every corner of Louisiana and LED is committed to supporting these businesses as they grow and export Louisiana’s food expertise far and wide.”

S&W Foods opened in Hammond in 1978. Since then, the company has secured partnerships ranging from local companies, such as Cajun Chef and LA Fish Fry, to globally recognized brands, such as Kraft Heinz and Nestlé, to supply customers with top quality products.

Louisiana Economic Development