Archive for FDI
Foreign direct investment in Canada rose in 2011
TORONTO (Reuters) – Foreign direct investment in Canada increased by 3.8 percent to C$607.5 billion ($614.41 billion) in 2011 from 2010, boosted by interest primarily from the United States and Europe, Statistics Canada said on Thursday. Direct European investment in Canada rose 5.7 percent to C$184.2 billion, while U.S. investment climbed 2.4 percent to C$326.1 [...]
Thar Technologies creating incubator for energy startups, expanding and hiring
Thar Technologies, creators of sustainable, natural solutions for everyday living, is expanding to a larger space in O’Hara Township and adding 20 employees in the coming year, bringing the total count to 50. To top it off, the company has plans to create an incubator for energy-related startups, a place to mentor up-and-coming companies much [...]
GlaxoSmithKline building large solar array in York County
GlaxoSmithKline Consumer Healthcare will put what it says is the largest rooftop solar array in North America on top of its East Manchester Township, York County, distribution facility. The nearly 11,000 solar panels will cover an area on the roof about the size of seven football fields, according to the U.K.-based company. GlaxoSmithKline Consumer Healthcare [...]
Magna Establishes New Centre in US
Ontario-based automotive components firm Magna International has expanded its presence in the US electric vehicle market after its Magna E-Car Systems venture opened a new electric vehicle development and testing facility in Michigan. The 82,000 square foot facility centre employs around 200 people, working on new electric vehicle designs, alongside cells and battery packs. The [...]
Raymark Opens New Offices in Spain & France
Raymark Opens New Offices in Spain & France 17 September 2010 Quebec-based Raymark, a provider of advanced retail software solutions, has continued its international expansion by opening new offices in Spain and France. The Spanish office is based in Madrid and the French office in Paris. These new offices follow an expansion made last year [...]
Arizona Funding Opportunities – Program Descriptions
Arizona Funding Opportunities – Program Descriptions Arizona Department of Commerce (ADOC) Angel Investment Tax Credit Program offers an Arizona income tax credit to “qualified investors” who invest in early-state “qualified small businesses.” The income tax credit is equal to 30% of the investment amount, increasing to 35% for investments in “bioscience enterprises” and in companies located [...]
Rural Business Council Focused on Job Growth in Rural Areas
September 10, 2010 Governor Jan Brewer Establishes Rural Business Council Focused on Job Growth in Rural Areas Advisory Council Complements Arizona Commerce Authority Board Governor Jan Brewer established a new council focused on business opportunities and job growth in rural Arizona. The Rural Business Advisory Council will provide direct assistance to the Arizona Commerce Authority [...]
Mollertech Builds New Plant in Georgia
Germany-based plastics firm Möllertech GmbH & Co KG is investing $9.75 million in a molding plant in Elberton, Georgia. The plant will serve automotive customers in an existing 130,000 square-foot building that is already outfitted for plastics manufacturing and will employ 75. “It has been an exciting time for Möllertech to find a home and [...]
Magna to Expand Plant in Kentucky
Automotive supplier Magna Car Top Systems will invest more than $950,000 and add 30 jobs to expand its plant in Bowling Green, Kentucky. Magna Car Tops is an operating group of Ontario-based automotive firm Magna International Inc. The plant, which already produces convertible top systems for the Bowling Green-made Chevrolet Corvette, will retool and add [...]
Bombardier to Expand US Plant
3 August 2010 Bombardier Learjet, part of the Quebec-based train and aircraft firm Bombardier Inc, is to assemble its new composite Learjet 85 business jet aircraft in Wichita, Kansas, in exchange for $27 million in bond financing from the state. The company also agreed to not move any existing operations out of Wichita during the [...]