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

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.

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

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

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

Elon Musk’s xAI seeks 550+ acres of land in Memphis

An LLC affiliated with California-based xAI is seeking to enter into a long-term lease with an option to purchase a huge plot of land near its operations at the former Electrolux facility near Presidents Island.

The Economic Development Growth Engine (EDGE) for Memphis & Shelby County owns the property and has called a special meeting for Friday, Oct. 4, related to the potential deal. The lease and option to sell the EDGE property would require its board’s approval to transfer the land to the AI company.

The 552-acre property is located just to the southeast of the xAI facility at 3231 Paul R. Lowry Road. Memphis Business Journal

First Solar inaugurates $1.1 billion Alabama manufacturing facility

First Solar Inc. inaugurated its new $1.1 billion solar panel manufacturing facility in Lawrence County, which is expected to create more than 800 energy technology manufacturing jobs in Alabama.

The facility adds 3.5 gigawatts (GW) of fully vertically integrated nameplate solar manufacturing capacity in the United States. The project was announced in November 2022.“This represents a great day for First Solar and for Lawrence County because this production facility is destined to become a major player in the U.S. renewable energy market,” Alabama Gov. Kay Ivey said. Alabama News Center

Rural workers optimistic, innovative but lack tech and access to training: report

new report looks at the barriers and opportunities for rural workers to stay and thrive in their hometowns.

The Generating Rural Opportunities in the Workforce report, a joint effort by the University of Phoenix Career Institute and the Center on Rural Innovation, found that workers living in rural areas are more than twice as likely to feel limited in their employment opportunities, 35% compared to 14% for folks living in cities and suburbs.

Sixty percent of rural workers feel pursuing a career is out of reach.

Nearly 70% of rural workers would leave their community to pursue employment, compared to just over half of workers in urban and suburban areas.

And nearly two-thirds of rural Gen Z workers and over half of rural millennials feel held back in their careers because of where they live, according to the GROW report. ABC33/40

Oracle’s East Bank campus will prove its Nashville commitment, exec says

A pivotal theme of Oracle Corp.’s planned worldwide headquarters on the East Bank is connectivity. 

“The thing I think that excites me the most about the design that I’ve seen is really around: How do we create space?” said Clay Magouyrk, executive vice president of Oracle Cloud Infrastructure. “It’s really optimized for bringing teams to work together.”

Magouyrk, who recently relocated to Nashville from Seattle, shared his thoughts on Oracle’s (NYSE: ORCL) $1.35 billion investment on 70 acres the company owns on the East Bank along the Cumberland River during the Business Journal’s Growth of Nashville event on Sept. 26.

“My needs are pretty basic,” Magouyrk said. “One of the things that I think is interesting about this campus is that it’s not just a regional office building. It’s really focused on how do we bring people together to actually build products?”Oracle is relocating its headquarters from Austin, which the company designated as its corporate home in late 2020. The Business Journal asked Jason Maynard, one of Oracle’s top-ranking local executives, about the permanency of Nashville’s headquarters status. Nashville Business Journal

Toyota Alabama builds 10-millionth engine at Huntsville plant

Toyota Alabama announced that it has officially assembled its 10-millionth engine, an i-Force MAX 2.4-liter, to power an all-new hybrid Tacoma.

The engine plant, which broke ground in 2001, assembles a third of all Toyota engines in North America.

“We are thrilled to celebrate this milestone and look forward to seeing where the next 10 million engines will take us,” said Jason Puckett, president of Toyota Alabama. “I feel a great sense of pride knowing team members are powering the heart of some of the most popular, reliable and safest vehicles on the road.”

“When the plant opened with only one production line more than 20 years ago, I was a part of the team that helped start engine production in Alabama,” said Brandon French, senior manager of production at Toyota Alabama. “Since starting on the production line, Toyota has challenged me to learn many different roles. Alabama News Center