Economic Development: April 2014
Match Point: Sports manufacturing giant Prince Global Sports is moving its headquarters from New Jersey to Buckhead in Atlanta. The company cited the city’s thriving tennis community, a talented workforce and proximity to Hartsfield-Jackson Atlanta International Airport as reasons for the move.
Mixed-Use: Developer KDC is building a more than 2-million-square-foot mixed-use development on 17 acres near Perimeter Mall in Dunwoody. The project – one of the largest announced since the end of the recession – will include retail, multiple office towers and a 200-room hotel. Its first an-nounced tenant will be in-surance company State Farm, which is developing its na-tional operations center there.
Consolidating: Fishery Inc., a financial services tech provider, is consolidating its 2,000 employees across six metro Atlanta offices to one central campus in Alpharetta. The $41-million investment will add 500 jobs over the next five years.
More Flooring: IVC Group is expanding in Dalton, adding a second plant to produce luxury vinyl planks and tiles. The $80-million investment by the Belgium-based company will create 200 new jobs.
Gwinnett HQ: Denmark-based Power Stow is opening a U.S. headquarters in Gwinnett County in Norcross’s Opportunity Zone. The 20,000-square-foot facility will create 25 jobs and house sales and after-market support services for the manufacturer, which makes belt loader extensions for the airline and air cargo industry.
Bibb Expansion: Sunbelt Plastic Extrusions, which makes plastic signs, price-tag holders and displays for retail stores, is building a 16,000-square-foot manufacturing plant in Centerville, where it has been located for 32 years. The expansion will add six new production lines and 10 new employees.
Green Energy: Franklin, Tenn.-based Eco-Energy Inc. will be building a $10-million ethanol blending center in Augusta-Richmond County near the Augusta Regional Airport. The facility – one of nine in the state – will employ five and potentially double that after it is up and running.
Auto Ed: In Ringgold, the Technical College System of Georgia will be building a $10-million automated manufacturing technology facility at Georgia Northwestern Tech’s Catoosa County Campus to train workers for jobs at the Volkswagen plant in nearby Chattanooga, Tenn., which is expected to create 20,000 automotive-related jobs in the area.
Hall Expansion: Rotating Engineered Products is expanding in Gainesville into a new 40,000-square-foot facility on 10 acres.