Nucor adding $20M fabrication affiliate to its new, $350M mill in North Carolina

Posted on by Michael Randle

The fabrication and installation affiliate of Nucor Corp. is setting up a rebar facility near the steel mill the Charlotte-based company is building near Lexington, a $20 million investment expected to employ 25.

The project was announced yesterday by Gov. Roy Cooper and the N.C. Department of Commerce. Nucor Rebar Fabrication is the beneficiary of a $50,000 grant from from the One North Carolina Fund, which helps local governments attract economic investment and employers. The state grants require a matching grant from local governments.

Pay for each of the new jobs will vary but will average $65,000, exceeding the Davidson County average of $51,201, for an annual potential payroll impact of $1.6 million, according to the Commerce Department.

Charlotte Business Journal

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Beer distributor to add 65 jobs in $32M Alabama project

Posted on by Michael Randle

A beer distributor’s project in South Alabama is expected to create dozens of jobs.

Gulf Distributing Co. plans to acquire and renovate the former Mobile Press Register building, according to a news release from United Bank, which was involved in funding the project. Gulf Distributing plans to move its existing Mobile workforce of 257 to the new facility, which will be a warehouse and office, and add 65 jobs as part of the move. It’s a $32.5 million project and is slated create 40 more jobs than previously expected.

“This move will play a key role in the revitalization of downtown Mobile as we strive to recruit more back-office operations to our downtown area,” Mobile Chamber President and CEO Bradley Byrne said.

Birmingham Business Journal

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Gov. Beshear: Thermo Fisher Scientific To Invest Nearly $48 Million, Create 69 Kentucky Jobs With New Facility in Covington

Posted on by Michael Randle

FRANKFORT, Ky. (June 27, 2024) – Today, Gov. Andy Beshear highlighted further momentum within the state’s health care industry as Thermo Fisher Scientific Inc. announced plans to locate a new lab operation in Covington, investing nearly $48 million and creating 69 additional Kentucky jobs.

“The commonwealth is seeing tremendous growth in its health care and life sciences sectors, providing high-paying, quality jobs for Kentucky residents across the state,” said Gov. Beshear. “I am thrilled to see Thermo Fisher once again choosing Kentucky to locate and expand its business. I look forward to the company’s continued success here in the commonwealth as this investment adds to Northern Kentucky’s economic growth.”

The company plans to expand its central laboratory operations in Kentucky dedicated to accelerating pharmaceutical and biotech customers’ delivery of safe, effective medicines to patients. The PPD clinical research business of Thermo Fischer Scientific will expand its sample management and biorepository operations in a new 65,000-square-foot space in Covington, enabling further capability expansion at its existing site in nearby Highland Heights. Thermo Fisher’s $47.8 million investment is expected to create more than 250 new jobs across the two sites over the next eight years, with renovation and construction anticipated to begin later this year.

Team Kentucky

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Heirloom Carbon Technologies Announces $475 Million Investment to Establish North America’s Second Direct Air Capture Facility in Louisiana

Posted on by Michael Randle
·         The company is expected to create 81 direct new jobs at the Port of Caddo-Bossier.
·         Heirloom’s technology enhances the power of limestone to capture CO2 directly from the air.
·         Construction on the new facility is expected to begin by the end of the year.

SHREVEPORT, La. – Heirloom Carbon Technologies, Inc. announced it is moving forward with the first phase of a decarbonization project that combines public and private investment to create two direct air capture (DAC) facilities at the Port of Caddo-Bossier.

During the first phase, the company plans to invest $475 million to establish its first DAC facility in Louisiana and second in North America. Heirloom expects to create 81 direct new permanent jobs with an average annual salary of more than $56,000. Louisiana Economic Development estimates the project will result in 188 indirect new jobs, for a total of 269 potential new jobs in the Northwest Region. The company also estimates that the project will support more than 1,000 construction jobs.

The anticipated second facility would be built as part of Project Cypress, which would utilize up to $550 million of U.S Department of Energy (DOE) funding to create one of the world’s largest Direct Air Capture hubs in Louisiana.

“Louisiana is well positioned to become America’s leader in safely storing carbon dioxide,” Gov. Jeff Landry said. “Heirloom’s expansion into the Port of Caddo-Bossier means even more growth and more jobs for our State and is another example of how we are leading the race to drive the nation’s energy future. The expansion of Project Cypress Direct Air Capture Hub across the State represents the best of Louisiana – cutting-edge technology at the forefront of the energy economy, powered by innovation and a broad base of highly skilled workers.”

The first facility is expected to begin construction by the end of the year. The company estimates it will remove around 17,000 tons of CO2 from the atmosphere annually beginning in 2026.

Opportunity Louisiana

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