Danish Counter-UAS Company MyDefence Chooses Oklahoma City for Second U.S. Location

The Oklahoma Department of Commerce (Commerce) is pleased to announce that Danish counter Unmanned Air Systems (c-UAS) company, MyDefence, has selected Oklahoma City for its second U.S. based offices. The company is planning an initial investment of more than $1.2 million. The expansion, which was facilitated by Commerce, will create 48 new jobs and provide military and defense companies with counter-drone technology to combat Improvised Explosive Devices (IEDs) and other threatening drone technology.  

“From an overall perspective, it is great news that MyDefence sets up its second US-based facility less than a year after its first,” said Defense Industry Attache, His Royal Highness brigadier general Prince Joachim. “Having chosen Oklahoma City to expand production, MyDefence will find itself at the heart of innovation and R&D in the field of counter-UAS. This move will undoubtedly inspire other Danish high-tech defence-industries.” Oklahoma Department of Commerce

Georgia Power lands federal grant to modernize its electric grid

Georgia Power, the state’s largest electric utility, will receive a $160 million federal grant to help fund transmission upgrades the company says will allow its system to better withstand extreme weather and allow for smoother integration of renewables, like solar.

The grant money announced Friday comes from the U.S. Department of Energy’s Grid Resilience and Innovation Partnerships Program, which was created by the Bipartisan Infrastructure Law passed in 2021. Georgia Power’s slice is part of a larger, $10.5 billion pot of funding set aside by the law to help modernize the country’s electric infrastructure.

White House National Climate Advisor Ali Zaidi said in a statement last week that recent hurricanes have illuminated the urgent need for electricity infrastructure upgrades. In the immediate aftermath of Hurricane Helene’s pass through Georgia, more than 1.7 million electricity customers statewide, including those served by not-for-profit cooperatives, were left without power. “We need our grid better adapted to storms like hurricanes Helene and Milton and other extreme climate disasters like the wildfires out west,” Zaidi said. “We need our grid better wired to accelerate America’s manufacturing renaissance and leadership in artificial intelligence. We need our grid better able to bring online cheaper, cleaner power.” Atlanta Journal Constitution

Lockheed Martin in Marietta to build ‘hurricane hunter’ aircraft for NOAA

As hurricanes become more severe and dangerous, Lockheed Martin in Marietta will play a role in improving research for forecasts by building more advanced “hurricane hunter” aircraft.

The National Oceanic and Atmospheric Administration has tapped Lockheed Martin to build C-130J Super Hercules aircraft that will be specially-equipped as hurricane hunters to fly straight into storms with specialized instruments to gather data.
“Our climate is changing significantly. Severe weather is happening more frequently, and as a result, we need more capabilities,” said U.S. Deputy Commerce Secretary Don Graves, who toured the Lockheed Martin plant in Marietta on Tuesday. The research from hurricane hunter aircraft “gives us the ability to understand how these storms form, how they develop, and the impact that they have on communities.” Atlanta Journal Constitution

Anderson-Dubose Company to establish distribution center in Tennessee

NASHVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart C. McWhorter and The Anderson-DuBose Company officials announced today the company will invest nearly $40 million by locating its first operations in Tennessee.

Anderson-DuBose will locate a new distribution facility in Jefferson City, which will house 80 new jobs upon completion of the project.

This is the first location Anderson-DuBose will have in Tennessee. The company is a major distributor for McDonald’s, and this new facility is expected to support up to 450 restaurant locations throughout the region.

The Anderson-DuBose Company started in 1991 with the acquisition of a McDonald’s distribution center. Since then, the company has experienced significant growth globally.

Since 2020, TNECD has supported more than 50 economic development projects in East Tennessee, resulting in approximately 10,000 job commitments and more than $3 billion in capital investments. Tennessee Department of Economic & Community Development

Reconext to establish presence in Memphis

NASHVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart C. McWhorter and Reconext officials announced the company will invest more than $9 million to expand its operations and establish its first location in Tennessee.

By expanding into Memphis, Reconext will create approximately 200 new jobs to better support the company’s client base across the Southeast, including engineering, administrative and production positions.

Based in Texas, Reconext is a global aftermarket electronics company that was founded in 1983 as a TV repair shop in Frankfurt, Germany. Today, the company’s capabilities range from testing and grading, full repair and cosmetic renewal to value recovery with more than 20 locations worldwide.

Since 2020, TNECD has supported more than 50 economic development projects in Shelby County, resulting in approximately 5,500 job commitments and more than $1.1 billion in capital investments. Tennessee Department of Economic & Community Development

Fort Worth considers tax breaks for potential $429M Bell helicopter component plant

The City of Fort Worth is proposing tax breaks for Bell Textron Inc. as the company considers locating a new plant on the city’s north side and negotiates with the governor’s office for state incentives.

Bell is eyeing a $429 million plant in far north Fort Worth, inside a building previously occupied by Stanley Black and Decker Tooling at 15100 North Beach St.

The site is one of several the aerospace and defense manufacturer is considering to produce components for its newest attack aircraft for the U.S. Army, the V-280 Valor.

The Fort Worth-based company in February applied for a 10-year tax abatement via the state’s new school property tax incentives program.

In a statement, Bell said it regularly assesses sites that will meet its future business needs but stressed that a final decision has not been made.

The three adjacent solar farms are in Buckholts, in Milam County northeast of Austin. They have the capacity to produce 875 megawatts of power — nearly the output of a nuclear power facility. Dallas Business Journal

Huge solar farm in Central Texas fuels Google’s data centers in Dallas area

Renewable energy company SB Energy Global LLC has turned on a trio of Central Texas solar plants that will send energy to Google data centers in the Dallas area.SB Energy announced Oct. 18 that its Orion Solar Belt projects — called Orion I, Orion II and Orion III — have reached commercial operation, officially opening as one of the largest solar projects in the country. Dallas Business Journal

Empty office space in Nashville to escalate amid massive dump of new supply

There could be a lot of empty office space in Nashville starting next year.

More than 2 million square feet of office space is set to deliver by the end of 2025, which is expected to increase overall vacancy across the market, according to JLL’s Q3 office report.

Office vacancy was just above 20% at the end of last quarter, which was slightly down from the same time last year. But that percentage will likely climb towards the end of this year and into the next.Asurion listed a three-floor sublease this quarter which caused Midtown to see its first increase in vacancy in a year-and-a-half, according to Cushman & Wakefield’s Q3 office report. AT&T also dropped three floors of office space in the “Batman Building” as part of a recent lease renewal. Nashville Business Journal

New manufacturing facility to create up to 500 jobs in Alabama

A window and door manufacturing facility is expected to create several hundred jobs in Alabama.

A ribbon cutting was held Oct. 22 for the Sierra Pacific Windows Manufacturing Campus at 300 Colin L. Powell Parkway in Phenix City. Once fully operational, that project is expected to create 300 to 500 new jobs. It represents a $60 million investment in the state.Sierra Pacific Windows manufactures wood and vinyl windows and doors. The BBJ reported the company’s plans last year to build the 610,000-square-foot facility on a 113-acre campus. It is a division of Sierra Pacific Industries, a family-owned forest products company based in California. Birmingham Business Journal

Georgia in talks to land battery manufacturing innovation center in Atlanta

Georgia leaders are attempting to recruit a battery manufacturer to open an innovation center in Atlanta, a deal that could involve a Fulton County agency granting the company hundreds of thousands of dollars in tax incentives.

The Georgia Department of Economic Development is trying to woo a “state-of-the-art global innovation center” with 110 workers by an undisclosed battery company, according to a Development Authority of Fulton County meeting agenda. The agency, rebranded as Develop Fulton and commonly known as DAFC, will consider whether to approve a nearly $870,000 tax break to the battery company during its scheduled Tuesday meeting.

Using the code name “Project Phoenix,” the innovation center recruitment effort is shrouded in mystery with few public details, but it would add another battery-related project to Georgia’s fast-growing e-mobility and electric vehicle sector. Atlanta Journal Constitution.