Gov. Beshear Joins Tyson Foods for Grand Opening of $355 Million Facility in Bowling Green, Creating Nearly 450 Full-Time Jobs

BOWLING GREEN, Ky. (Jan. 25, 2024) – Today, Gov. Andy Beshear joined local officials and leaders from Tyson Foods for the grand opening of the company’s new, state-of-the-art food production facility at Bowling Green’s Kentucky Transpark. The $355 million plant will create nearly 450 full-time jobs and is among the largest investment, job-creation projects announced in Warren County.

“The economic success we’ve seen in Warren County in the last several years has been impressive,” said Gov. Beshear. “Tyson Foods has played a key role in Bowling Green’s economy for years, and today’s grand opening marks an exciting next chapter in the company’s long history serving the commonwealth. I want to thank Tyson Foods and its leadership for their continued belief in this great state and look forward to their continued success in Kentucky.”

Spanning 400,000 square feet, the facility is dedicated to producing popular Tyson Foods brands – Jimmy Dean and Wright Brand bacon – as well as bacon for food service. The plant is expected to output over two million pounds of bacon products each week, meeting escalating demand in retail and food service. Equipped with industry-leading technology, the advanced production facility features high-tech robotics for increased efficiency and workforce safety.

The nearly 450 new jobs created by the project will contribute to the local economy and workforce development. Tyson Foods has partnered with Western Kentucky University and Southcentral Kentucky Community and Technical College (SKYCTC) to establish training programs that will equip the workforce with the skills needed in modern food production.

“We are excited to partner with the state of Kentucky to create jobs, improve workforce skills and contribute to the community of Bowling Green and Warren County,” said Donnie King, president and CEO of Tyson Foods. “We are grateful for the partnerships that made our advanced new food production facility possible.”

Tyson Foods Inc. is one of the world’s largest food companies and a recognized leader in protein production. Founded in 1935 by John W. Tyson and grown under four generations of family leadership, the company has a broad portfolio of products and brands, including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright Brand, Aidells, ibp and State Fair. Tyson Foods innovates continually to make protein more sustainable and affordable, meeting customers’ needs worldwide. Headquartered in Springdale, Arkansas, the company employs approximately 139,000 team members.

Warren County Judge/Executive Doug Gorman expressed his excitement for the project becoming operational: “The opening of Tyson Foods’ state-of-the-art facility is a landmark event for Warren County. It’s a symbol of economic growth and community development, promising a brighter future for our residents.”

Bowling Green Mayor Todd Alcott noted the economic impact this project will bring to the area: “Tyson Foods’ decision to build this advanced facility here is a significant vote of confidence in our community. This plant not only brings new jobs but also reinforces Bowling Green’s reputation as a desirable location for leading global companies.”

Ron Bunch, president and CEO of the Bowling Green Area Chamber of Commerce, expressed his enthusiasm for the project: “The grand opening of Tyson Foods’ facility is a landmark moment for Bowling Green. It’s more than just a new building; it’s a beacon of economic transformation and a testament to our community’s potential for growth and innovation.”

Tyson Foods’ investment and job creation build on the best four-year period for economic growth in state history.

Since the beginning of his administration, Gov. Beshear has announced more than 1,000 private-sector new-location and expansion projects totaling nearly $29.3 billion in announced investments, creating more than 51,700 jobs. This is the highest investment figure secured during the tenure of any governor in the commonwealth’s history.

The robust job creation has been accompanied by rising wages across the commonwealth. The average incentivized hourly wage in 2022 and 2023 topped $26 in consecutive years for the first time.

Gov. Beshear has announced some of the largest economic development projects in state history, which have solidified Kentucky as the electric vehicle battery production capital of the United States: Ford Motor Co. and SK On’s transformative $5.8 billion, 5,000-job BlueOval SK Battery Park in Hardin County; AESC’s $2 billion, 2,000-job gigafactory project in Warren County; Toyota’s $591 million investment in Scott County; and INFAC North America’s $53 million investment in Taylor County, among others.

The Governor’s administration also secured the largest General Fund budget surplus and Rainy Day Fund, as well as the most jobs filled in state history. Last year, Kentucky set the record for the longest period with the lowest unemployment rates in state history.

Kentucky also secured rating increases from major credit rating agencies Fitch Ratings and S&P Global Ratings, and Moody’s Investors Service upgraded Kentucky’s credit outlook from stable to positive.

Site Selection magazine placed Kentucky first in the South Central region and top 5 nationally in its 2023 Prosperity Cup ranking, which recognizes state-level economic development agencies for their success in landing capital investment projects.

Gov. Beshear announced a “Supply Kentucky” initiative with the goal of boosting job growth, reducing costs and providing more security in the supply chains of our Kentucky companies.

To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority in October 2021 preliminarily approved an incentive agreement with the company under the Kentucky Business Investment program.

Additionally, KEDFA approved Tyson Foods for further incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.

By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.

In addition, Tyson Foods can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.

For more information on Tyson Foods, visit TysonFoods.com.

A detailed community profile for Warren County can be viewed here.

Governor finalizes deal for second-largest economic development project in Mississippi history

Gov. Tate Reeves today signed legislation to finalize the second-largest economic development project in Mississippi history. The economic development project also represents the largest payroll commitment of any major project in state history.  “I was proud to sign legislation finalizing the largest payroll commitment of any major project, and second largest economic development project in Mississippi history,” said Governor Tate Reeves. “We’ve been laser-focused on attracting new companies and quality jobs to our state, and that’s what this project does. This is yet another massive win for Mississippi.”

A joint venture between Accelera by Cummins, the zero-emissions business unit of Cummins Inc., Daimler Trucks & Buses, and PACCAR, is locating advanced battery cell production operations in Marshall County. The company will manufacture battery cells for electric commercial vehicles and industrial applications, creating quality manufacturing jobs in the growing clean technology sector.

The project will include a $1.9 billion corporate capital investment and create 2,000 jobs. The average salary of these jobs is approximately $66,000. At $1.9 billion, it is the second largest capital investment in state history. The average annual salary expectations of the jobs are almost $20,000 more than the current average annual salary in the state.

MagnoliaStateLive

Georgia’s governor says more clean energy will be needed to fuel electric vehicle manufacturing

ATLANTA (AP) — Georgia, a capital for electric vehicle production, needs to increase its supply of electricity produced without burning fossil fuels in order to meet industries’ demand for clean energy, Gov. Brian Kemp told world business leaders Thursday.

Speaking as part of a panel focused on electric vehicles at the World Economic Forum in Davos, Switzerland, the Republican governor highlighted the construction of the Georgia Power’s two new nuclear reactors at Plant Vogtle, near Augusta — the country’s first new reactors in decades.

“We’ve done as much as anybody in the country … but we’re going to have to have more,” Kemp said, although he did not call for closing any current power plants that burn coal, natural gas or oil.

Associated Press

Seguin, Texas launches first economic plan to address the growth headed its way

Encroachment from San Antonio and Austin has put new pressure on Seguin to ensure it benefits from and is not engulfed by the increasing development activity headed its way.

 

The city of Seguin and the Seguin Economic Development Corp. are taking a critical step to harness that growth with the launch of the community’s first comprehensive economic development strategy.

 

The roughly 186-year-old city was at a tipping point, according to Joshua Schneuker, executive director of the Seguin Economic Development Corp.

 

San Antonio Business Journal

Defense giant Lockheed Martin leases 130K-plus square feet in Fort Worth

Defense and aerospace giant Lockheed Martin Corp. appears to be expanding in Fort Worth.

 

Lockheed Martin (NYSE: LMT) signed a lease for 136,165 square feet of industrial space at Fort West Commerce Center at 3101 NW Centre Drive in Northwest Fort Worth, according to Dallas-based real estate firm Holt Lunsford Commercial.

 

The newly built, three-building industrial park along Interstate 820 includes 531,601 square feet of space on about 32 acres.

 

The company said the new space will primarily be used as a storage facility.

 

The Maryland-based company has been pumping out aircraft from its Fort Worth factory about seven miles away at 1 Lockheed Blvd. since World War II.

 

The plant specializes in the production of the F-35 fighter aircraft and employs about 18,000 workers, according to a report last year from the U.S. Department of Energy.

 

A defense appropriations bill approved by the U.S. House in September included funding for production of 86 new F-35 aircraft out of the Fort Worth plant, according to the Fort Worth Star-Telegram.

 

Dallas Business Journal

Firearms manufacturer announces $30 million expansion of facility in Arkansas, creating 76 new jobs

FORT SMITH, Ark. (AP) — A firearms manufacturer on Thursday announced a $30 million expansion of its facility in western Arkansas, a project expected to create 76 new jobs over the next five years.

 

Walther Manufacturing said its expansion in Fort Smith will begin in the first quarter of this year and will add 40,000 square feet to its existing 185,000 square foot facility.

“Walther Manufacturing is making a substantial investment in our Fort Smith factory to facilitate the expansion of our research development and manufacturing of U.S.-produced firearms and accessories,” Tom Goike, Walther Manufacturing President and CEO, said in a news release.

 

Walther established its operations in Arkansas in 2012, making Fort Smith its U.S. headquarters. Walther Manufacturing is the fabrication entity that manufactures all U.S.-based products for the companies Walther Arms and Umarex USA. All three companies share a campus in Fort Smith.

Gov. Sarah Huckabee Sanders met with the company during her European trade mission last year. Walther is receiving $300,000 in incentives from the state, along with sales tax refunds and rebates based on the payroll for new employees, according to the state Economic Development Commission.

Associated Press

Some of Atlanta’s largest companies remain flexible with remote work

The news that Sandy Springs-based UPS will require employees to come into the office five days a week starting in March has sparked discussion about remote work policies in the post-pandemic era.

 

The policies on returning to the office versus working from home vary widely among different workforces and companies.

 

Here’s what a few of metro Atlanta’s largest and highest-profile companies have to say about their policies for returning to the office:

 

Coca-Cola Co.

 

“Our purpose, to refresh the world and make a difference, is best served when we are together in person, more often. We strive to cultivate a culture and environment that optimizes the synergy of in-person collaboration with the flexibility provided by remote work. To achieve this balance, our collective commitment is to come together in person a minimum of three days a week, either in the office, out in the market, or in face-to-face meetings with teams, customers, partners, suppliers or bottlers.”

 

Atlanta Journal Constitution

Dominion Energy buys 500 acres for huge North Carolina facility

One of the largest projects in northern North Carolina has taken significant steps forward with a land acquisition.

Dominion Energy North Carolina, a subsidiary of Dominion Energy Inc. (NYSE: D), acquired 504 acres in Person County in recent weeks, according to county deed records and confirmed by Dominion spokeswoman Persida Montanez. The total price for the land across different parcels comes out to more than $12 million. It will be used to build the Moriah Energy Center off Helena Moriah Road southeast of Roxboro.

Montanez said the company will break ground on the liquified natural gas storage facility some time in the first quarter of this year.

Triangle Business Journal

Qcells inks huge deal with Microsoft for Georgia-made solar panels

Qcells has agreed to supply the tech giant Microsoft with 12 gigawatts of solar panels that will be built at its second north Georgia factory, in what the companies say is the largest such deal in U.S. history.

 

Last year, Qcells announced it had reached a deal to provide Microsoft with 2.5 gigawatts of solar capacity, enough to power 400,000 homes. The new agreement, which runs through 2032, is a major expansion of that partnership: Counting the 2.5 gigawatts that was previously announced, Qcells will now provide Microsoft with enough solar modules to power 1.8 million homes annually over the next eight years.

 

The deal gives Qcells’ still-under-construction Cartersville plant a major customer for the panels it will build when it opens later this year.

 

Unlike its existing Dalton factory — which recently completed an expansion allowing it to crank out 30,000 panels a day — the Cartersville factory will boast a fully-integrated solar manufacturing supply chain, capable of producing everything from solar ingots and wafers to cells and finished panels. The company has said the new plant will create 2,000 jobs in and around Bartow County.

 

Atlanta Journal Constitution

Greater Memphis Chamber selected for workforce program to help justice-impacted workers

The Greater Memphis Chamber was recently selected to participate in a workforce development program with the goal of increasing credentialing for justice-impacted individuals.

 

The Greater Memphis Chamber is one of nine organizations chosen by the Association of Chamber of Commerce Executives (ACCE). The ACCE Equitable Credential Attainment Cohort will be made up of the Chamber and its partners, including the Shelby County Office of Re-Entry, Tennessee College of Applied Technology Memphis, and Southwest Tennessee Community College.

 

The cohort plans to work with Memphians who were convicted, incarcerated, detained, or otherwise affected by the justice system to earn industry-approved credentials that will qualify them for high-quality skilled careers.

 

Memphis Business Journal