Business Facilities - December 2008 - (Page 16)

COVER STORY 2008 Economic Development Deal of the Year Awards Project Title: BMW Announces Plant Expansion Entered By: South Carolina Dept. of Commerce H Aerial view of MPI Research Plant in Mattawan, MI like this to locate in Michigan,” Gov. Granholm says. “This expansion demonstrates that we have the kind of outstanding workforce and competitive business climate that can win a project like this.” MPI is expected to create 3,330 direct jobs, in addition to 5,321 indirect jobs, for the state of Michigan. A mix of local, out-of-county and outof-state employees will fill these jobs, and the average annual salary will be $62,500. The project is expected to create $4.6 billion in personal income for Michigan workers during the next 15 years. Project Title: Procter & Gamble: “Growing Green” Entered By: State of Utah A 16 fter its comprehensive national search, Procter & Gamble, a worldwide consumer products company, selected Box Elder County in Utah as the location for its first new Greenfield manufacturing site in 34 years. The project’s direct, indirect and induced economic output is predicted to total more than $7.5 billion over 10 years, and the facility will be constructed and operated to meet LEED standards. Current projections anticipate more than 900 full-time jobs will be created by P&G in Box Elder County over 10 years, and more than 1,000 jobs over 20 years. As an incentive, Box Elder County offered an incremental property tax refund for up to 20 years based on the company’s performance. A geographic desert, Utah faced the challenge of securing large volumes of water to meet P&G’s manufacturing needs. But by bringing together municipal, county and state agencies, Utah’s economic development team was able to secure water rights to the Bear River Basin. ome to North America’s sole BMW assembly plant, Spartanburg County in upstate South Carolina is a hotbed for the automotive industry. This status was amplified in March of 2008 when BMW announced an additional $750-million investment into its existing facility, creating an operation worth $4.2 billion. Construction will take three years to complete, will add 1.5 million square feet to the facility and will increase production capacity to 240,000 units by 2012. In addition to the 5,400 workers currently employed at the Spartanburg site, 500 new direct jobs are expected. Indirect employment is estimated at 1,168, while 856 induced jobs will be created. Fifty-two key automotive suppliers currently operate in South Carolina, with more anticipated. “We expect to see new suppliers come to the state and existing suppliers grow as a result of this announcement and that means new jobs and lots of new supplier jobs all over South Carolina,” says the state’s Secretary of Commerce, Joe Taylor. “BMW is truly the nucleus of a jobcreating machine.” Governor Mark Sanford calls BMW’s decision “far more than an expansion,” citing South Carolina’s ability to meet the needs of an international corporation as a reason for BMW’s long history in the state. DECEMBER 2008 PHOTO CREDIT: MPI RESEARCH

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

Business Facilities - December 2008 Contents First Word Snapshots Corporate Moves: North Carolina Gold Award: New Engine for Growth in Virginia Silver Award: Tennessee Gets the Big Prize Bronze Award: Enrichment in Idaho Falls Honorable Mentions International Reach From America's Heartland Supply Chain Priorities Metro Spotlight: Greenville/ Spartanburg, SC The Magnolia State Has It All A Real Estate Mega-Merger State of the Year Ask the Expert Advertiser Index

Business Facilities - December 2008

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