image description

Posts Tagged ‘economic development’

Arkansas Legislature Endorses Incentive Package for Lockheed Martin

  • May 28, 2015
  • comments: 0

Arkansas lawmakers on Wednesday approved an $87 million bond issue to allow Lockheed Martin to build joint light tactical vehicles for the Army and Marine Corps at its facility in Camden. The Maryland-based defense contractor would only receive the incentive package if it wins a DOD contract, which is expected to be awarded this summer. The company is competing against Indiana-based AM General and Wisconsin-based Oshkosh Defense. The joint light tactical vehicle would replace the Humvee made by AM General. With the incentive package, Lockheed has said it would create 589 jobs and retain 556 at its plant in southern Arkansas …

Texas Legislature Expected to Provide $30M for Installations

  • May 21, 2015
  • comments: 0

Texas lawmakers are expected to include $30 million in the state’s next two-year budget to support military installations, reports the El Paso Times. The state’s compromise budget for the fiscal 2016-2017 biennium now includes $30 million for defense economic adjustment assistance grants to help communities support local installations, but the plan still needs to be adopted by a House-Senate conference committee, Reps. Marisa Márquez (D) and Joe Pickett (D) told the paper. The move comes as the prospect of a new BRAC round looms. The budget request submitted by DOD in February requested permission to hold a BRAC in 2017, the fourth straight year the Obama administration has asked for approval for additional base closures …

Community Attempts to Raise Profile of Ohio Manufacturing Facility

  • May 19, 2015
  • comments: 0

After the Joint Systems Manufacturing Center in northwestern Ohio was ignored in a report from a state commission outlining ways to boost federal and military jobs in Ohio, officials in Lima are looking at ways to get the attention of state leaders. The strategic plan released in April by the Ohio Federal and Military Jobs Commission primarily focused on Wright-Patterson Air Force Base and other installations in the state, reported “The JSMC didn’t figure prominently into that,” Lima Mayor David Berger said at a meeting Monday of Task Force LIMA, the local support organization for the Joint Systems Manufacturing Center, a government-owned, contractor-operated tank and military vehicle production facility. It’s not clear how the group should connect with state leaders, he said. “How we got ignored in this initial report is not very explainable at this point. We just have to continue to pursue this relationship,” Berger said.

Paper Questions Lack of Job Growth at Federal City Project

  • May 17, 2015
  • comments: 0

At the 10-year anniversary of the 2005 round of base closures, the Times-Picayune takes the opportunity to chronicle the history of the Federal City project, the redevelopment of the Naval Support Activity New Orleans, and question why it hasn’t achieved its goal of creating 10,000 jobs. The project was born out of the 2005 BRAC round when officials from New Orleans and Louisiana successfully lobbied the BRAC Commission to keep open the Naval Support Activity’s Algiers campus — located on the west bank of the Mississippi River — and move the headquarters for Marine Forces Reserve there from the Navy’s Bywater campus across the river. The state pledged $125 million to build a new facility for the Marines …

Marketing Blitz to Promote MacDill AFB

  • May 4, 2015
  • comments: 0

The Tampa Bay Defense Alliance is rolling out a campaign to promote MacDill Air Force Base at a time when DOD is facing budget constraints and pursues a new round of base closures. The initiative is intended to raise awareness of the installation among area residents and businesses, as well as in Washington. A central theme of the effort is showcasing the robust partnership between the community and MacDill, reported the Tampa Tribune. The initiative is centered on the “My MacDill” website, which provides residents and local organizations an opportunity to post photos, videos and personal memories about the base and its contributions to the Tampa region and the nation …

New Effort Advances to Ease HUBZone Requirements at BRAC Sites

  • May 3, 2015
  • comments: 0

The House Armed Services Committee last week added language to the fiscal 2016 defense authorization bill that would make it easier for tenants located at closed installations to qualify for the Small Business Administration’s HUBZone program, the first step in the most recent effort by Maine’s congressional delegation to support the reuse project at the former Brunswick Naval Air Station. Maine Rep. Bruce Poliquin sponsored the amendment which would allow a business to qualify for the HUBZone program — an initiative offering preferential access to federal procurements to businesses in distressed areas — if 35 percent of its employees live within a 25-mile radius of the closed installation. BRAC installations currently are designated as HUBZones for five years after they are formally closed. For a particular business to qualify for the program, however, 35 percent of its employees must live on the closed base, a threshold that is virtually unattainable …

San Antonio Fosters Cybersecurity Cluster

  • April 29, 2015
  • comments: 0

San Antonio is cultivating the largest military and civilian federal cybersecurity hub outside the Washington metro region, marked by growth in the number of companies serving the market and highly-rated university programs, according to the San Antonio Economic Development Foundation. The military components of the city’s cybersecurity cluster are anchored by the 24th and 25th Air Force at Joint Base San Antonio-Lackland, and the National Security Agency Texas. The 24th Air Force safeguards key components of DOD’s information networks and employs more than 1,300 people. U.S. Cyber Command officials last year said up to 1,000 additional personnel will be coming to San Antonio in the next three years to support the department’s cybersecurity mission. “The strength of San Antonio’s cybersecurity industry is evident in the community’s commitment to grow and foster a sector for which it is ideally suited,” said John Dickson, principal at the San Antonio-based Denim Group …

Northwestern Ohio Officials Develop Workforce Vision

  • April 20, 2015
  • comments: 0

Officials in northwest Ohio last week held a two-day workshop to generate ideas to expand job creation opportunities and assist businesses and workers harmed by defense cutbacks at the Joint Systems Manufacturing Center in Lima. The participants first learned that existing workforce development efforts in Allen County have a cohesive structure, according to Future iQ Partners, the consultant hired by the county through a $220,000 grant from the Office of Economic Adjustment. “You don’t have dysfunction here,” said David Beurle, the firm’s CEO. “You’re not broken … and you’re not starting at zero. You’ve got momentum …

Tourism Zone to Provide Development Incentives at Ft. Monroe

  • April 12, 2015
  • comments: 0

The Hampton City Council last week created a tourism zone at the former Fort Monroe, Va., a designation providing tax incentives and financing options for hotels, restaurants and other tourism-related projects. The council established two zones, covering multiple neighborhoods. “Those areas are ripe for tourism-related growth and development,” said Hampton Economic Development Director Leonard Sledge. The most significant incentive localities can offer a developer under the state initiative is a tax arrangement covering up to 30 percent of a project’s total construction cost …

Grissom Prepared for Takeoff

  • April 1, 2015
  • comments: 0

The newly formed Grissom Regional Defense Alliance has declared that the active and redevelopment missions at the north-central Indiana site are ready to grow. Grissom Air Reserve Base is prepared to take on more military personnel, while Grissom Aeroplex, the business park adjacent to the base, is poised to attract major defense and aerospace companies. The alliance was formed last month as a subcommittee of the Miami County Economic Development Authority. The alliance has started a campaign to increase activity at the base and the business park that could transform the area into a bigger economic powerhouse …

Page 3 of 1612345678910...
Array ( )