Business Facilities - February 2008 - (Page A-7)

Austin has all the pieces to become a key center for the automotive industry. Time will tell if the road to success in this sector indeed goes through Austin. Kentucky: In the Fast Lane Kentucky’s automotive plants produce some of the nation’s topselling vehicles in three important segments—passenger car (the Toyota Camry, built in Georgetown, KY), SUV (the Ford Explorer, Louisville, KY), and premium sports car (the Chevrolet Corvette, Bowling Green, KY). Ford’s popular heavy-duty F-series pickup trucks also are made there. Kentucky ranks third in total light vehicle production, placing it at “the hub of Auto Alley,” the strip of middle America that stretches from Michigan into the Deep South. In fact, 9.8% of all cars and trucks produced in the U.S. are manufactured in Kentucky. Over one million cars and light trucks were assembled in Kentucky in 2006. Nearly 87,000 people work in Kentucky’s 471 auto-industry faciliToyota Motor Manufacturing Kentucky in Georgetown manufacturing the company’s first crossover vehicle, called the Venza, in the fall of 2008. With two large assembly plants in Louisville, Ford also has a long and satisfying history with Kentucky. The Kentucky Jobs Retention Act, a new incentive program passed by the 2007 General Assembly, will help ensure that Ford’s legacy in Kentucky continues to grow. This includes up to $60 million in incentives to Ford over a 10-year period to secure a $200 million investment at the automaker’s Kentucky Truck Plant. It will help pay for equipment and facility upgrades, new technology, and the purchase of new machinery Power Steering. O U T H C A R O L I N A is the perfect place to drive growth, with the International Center for Automotive Research, an established network of auto-related manufacturers, and Charleston– the largest container port in the South. The SC Power Team will connect you with strategically located sites and buildings, state and local incentives, workforce training, and the largest electric power system in the state. Let us drive your next facility location! ties. According to a University of Michigan study, Kentucky has the nation’s third-highest level of auto industry-related employment as a percentage of total state employment. Kentucky can now put another feather in its cap. Boosted by a new state law that provides tax credits to environmentally friendly companies, Toyota began producing its hybrid Camry at its 20-year-old Georgetown plant in the fall of 2006. The plant is also set to begin PHOTO CREDIT: TOYOTA MOTOR MANUFACTURING, KENTUCKY, INC. Contact Rusty Reed at Rreed@SCpowerteam.com www.SCpowerteam.com/bf 1201 Main St., Suite 1710, Columbia, SC 29201 I (803) 254 9211 Representing the Electric Cooperatives & Santee Cooper #1503 at www.BusinessFacilities.com A S P E C I A L A D V E RT I S I N G S E C T I O N O F B U S I N E S S FA C I L I T I E S A N D WA R D ’ S A U T O W O R L D A-7 http://www.SCpowerteam.com/bf http://www.SCpowerteam.com/bf http://www.BusinessFacilities.com

Table of Contents Feed for the Digital Edition of Business Facilities - February 2008

Business Facilites - February 2008 Contents First Word Snapshots Corporate Moves: Texas Capturing the Creative Class Green with Energy Automotive Opportunities in a Green Economy Corporate Moves: Wyoming Metro Spotlight: Overland Park, KS Metro Spotlight: Long Island, NY Get Ahead in Alabama Indiana: Sending Tech Messages How to Successfully Negotiate a Lease in Today's Real Estate Environment Legislation Spurring Innovation in Kentucky New Center will Propel Ontario's Automotive Future Virginia's Vital Signs Eating Well in the North of France Advertiser Index Ask the Expert

Business Facilities - February 2008

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