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Posts Tagged ‘economic development’

State Investment in Electric Boat Bolsters Defense Manufacturing Sector

  • October 29, 2014
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The state of Connecticut will provide Electric Boat with a $10 million loan to support an expansion at its Groton facility that will add up to 200 jobs, Gov. Dannel Malloy (D) announced Wednesday. Electric Boat’s expansion, estimated to cost $31.5 million, is needed to accommodate additional engineers, designers and other professionals that the company requires as it completes work related to the Navy’s Virginia class nuclear submarines as well as the Ohio replacement program, the newest class of submarines. “Our state’s defense product and parts manufacturing sector is becoming increasingly important to the Pentagon’s supply chain and, ultimately, our national defense strategy as illustrated by the growing number and value of contracts awarded to Connecticut-based industry leaders like Electric Boat over the past decade …

$3M DOD Grant to Help Diversify NE Pennsylvania Defense Sector

  • October 28, 2014
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The Defense Department last week awarded Pennsylvania a $3.0 million grant to strengthen defense manufacturers in the northeastern portion of the state and help them diversify in the face of uncertain DOD budgets. The state will use the grant, awarded by the Office of Economic Adjustment, to launch the Northeast Pennsylvania Defense Transition Partnership Initiative, an effort to deploy a collaborative network of workforce and economic development organizations. The two-year initiative will help the region craft a customized economic development strategy and increase the global competitiveness of the region’s defense sector …

It’s Official, Monterey Is World’s Language Capital

  • October 20, 2014
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Monterey County has trademarked the slogan, the “Language Capital of the World,” as part of an effort to raise the profile of one of its most unique assets ahead of a looming BRAC round. The slogan, which was officially registered for the city of Monterey from 1997 to 2007, celebrates the Presidio of Monterey, home of the Defense Language Institute. The Monterey County Business Council opted to register the entire county this time to promote the whole region, reported the Monterey Herald. “[Local military institutions] bring critical national security capability to the United States, as well as enrich this community and make us what we are,” Monterey Deputy City Manager Danial Pick …

California Legislation May Provide Boost to Reuse Efforts at Closed Bases

  • October 6, 2014
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California Gov. Jerry Brown signed a series of bills last week designed to help municipalities promote economic development, including one allowing cities and counties to form an infrastructure financing district to finance projects at former military bases. The bills were needed to help municipalities continue to finance transit facilities, water systems and other infrastructure via tax-increment financing after the state dissolved its redevelopment agencies in 2011. Infrastructure financing districts are a similar tool to the redevelopment agencies previously used; however, they require a public vote before bonds can be issued. Brown dissolved redevelopment agencies to close the state’s budget deficit and preserve funding for local services …

Ft. McPherson LRA Approves Sale to Filmmaker Tyler Perry

  • August 10, 2014
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The LRA for the former Fort McPherson on Friday approved a memorandum of understanding with filmmaker Tyler Perry for the purchase of 330 acres, about two-thirds of the former post located on the southwest edge of Atlanta, for a movie and television production complex. Under the agreement, Perry, best known as the creator of the “Madea” film franchise, would purchase the property for $30 million to build up to 16 sound stages. “I am confident that this kind of development will bring hundreds of permanent jobs into the area, and attract robust additional investment into the Southside of our city,” said Atlanta Mayor Kasim Reed …

Dayton Partnership Seeks to Strengthen Ties to Wright-Patterson

  • August 7, 2014
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The Dayton Development Coalition is forming a regional collaborative to strengthen links between southwestern Ohio and Wright-Patterson Air Force Base as part of a broad effort to help the installation weather pending budget cuts. The Dayton Regional Military Collaborative will be aimed at a wide variety of issues, including shared infrastructure, health care, cyber, aerospace and workforce, said Maurice McDonald, the coalition’s executive vice president of defense and aerospace …

East Georgia Awaits Growth at Ft. Gordon following Standup of Army Cyber Command

  • August 5, 2014
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The Army’s decision to consolidate its Cyber Command at Fort Gordon is expected to bring a wealth of activity to East Georgia, with up to 4,000 military and civilian personnel moving to the Augusta region by 2019 and $225 million in planned construction scheduled. “Fort Gordon is in a unique position where it’s one of the few good news stories within the Department of Defense,” Thom Tuckey, executive director of the CSRA Alliance for Fort Gordon, told Georgia Trend. With the arrival of a new workforce, the region’s total population could jump by 10,000 …

Senate Appropriators Lend Support for Revising HUBZone Program

  • July 24, 2014
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A proposal to ease requirements for tenants at closed installations to qualify for the HUBZone program — a Small Business Administration (SBA) initiative offering preferential access to federal procurements to businesses in distressed areas — has picked up the endorsement of the Senate Appropriations Committee. The legislative change was added to the Senate version of the fiscal 2015 defense authorization bill before the Armed Services Committee approved the measure in May. The language would expand the geographic boundaries of HUBZones at BRAC sites to include the town or county where the installation is located, or census tracts contiguous to the installation …

Growth Lags behind BRAC Projections outside Aberdeen Proving Ground

  • July 24, 2014
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Optimistic projections that BRAC-fueled growth would bring more than 18,000 contractor jobs and create demand for dozens of office buildings outside of Aberdeen Proving Ground have not been met since the installation in northeast Maryland was identified as the destination of R&D activities from other locations nine years ago. “We just haven’t seen the transformation of Aberdeen itself that a lot of people thought we would see,” Scott Dorsey, CEO of Merritt Properties LLC, told the Baltimore Sun. In 2008, Merritt purchased land in Aberdeen for five buildings, but so far has completed only one; it currently is empty …

Ft. Meade Neighbor Growing, but Failing to Meet BRAC Expectations

  • July 18, 2014
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Following the 2005 round of BRAC, planners predicted Laurel, Md., would benefit from the influx of growth slated for nearby Fort Meade, and the city approved a number of apartments and housing developments to accommodate the surge. Nine years later, it’s clear that the projections missed the mark as Laurel’s population only climbed by 4,000 to 26,000 currently. The recession that took hold several years after the last BRAC played a major role in limiting new development in the city, but so did the decision by many personnel relocating to Fort Meade to commute rather than move closer to their new post …

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