Arkansas Unemployment Unchanged at 3.6 Percent

Arkansas’ unemployment rate was 3.6 percent in December and unchanged from the previous month, according to a report released Friday by the state Department of Workforce Services. But the U.S. jobless rate rose two-tenths of a percentage point to 3.9 percent between November and December. “Arkansas’ unemployment rate remained fairly stable throughout 2018, ending the year down one-tenth of a percentage point compared to January. While the U.S. jobless rate also trended down over the year, Arkansas is still three-tenths of a percentage point below the national rate,” BLS Program Operations Manager Susan Price said in a news release. Arkansas Business

Virginia Senate supports $550M in Amazon incentives

RICHMOND, Va. (AP) — The Virginia Senate has voted to support more than a half-billion dollars in incentives for Amazon.

The Richmond Times-Dispatch reports the bill passed 35-5 on Monday would create $550 million in “post-performance” incentives for Amazon, based on job creation.

The bill sponsored by Sen. Frank Ruff, R-Mecklenburg, would establish a fund for state incentive payments for 25,000 high-paying jobs Amazon has promised to create in Arlington County, as well as an additional $200 million if the company later adds 12,850 jobs, The company wouldn’t receive the state money until four years after the jobs are created.

The Virginian-Pilot

South Korea’s Miwon Specialty Chemical Plans Plant in Columbia, South Carolina

South Korea-based Miwon Specialty Chemical Co. USA, a specialty chemical manufacturer of raw materials and subsidiary of Miwon Specialty Chemical Co. Ltd., plans to invest $19.5 million in a new production operations in Columbia, South Carolina.

The company is a global company with manufacturing plants in South Korea and Spain, as well as research and development centers in Austria, China, South Korea and the United States. Miwon began serving the ultraviolet and electron beam markets in 1983. Miwon Specialty Chemical’s new, 65,000-square-foot production facility in Richland County is expected to come online in the third quarter of 2020.

Area Development

Germany-based Kion Group Reportedly to Expand Production at Summerville, South Carolina, PlantAccording to the Wall Street Journal, Germany-based Kion Group AG, a forklift truck manufacturer, plans to expand its production at its plant in Summerville, South Carolina. The move is designed to avoid the U.S’s 25% tariff levied on forklifts imported from China. According to an interview with Kion’s CFO Anke Groth in CFO Journal, WSJ’s newsletter, “about half of the 3,000 vehicles that the Frankfurt-based company sells in the U.S. each year come from China, where Kion operates two forklift manufacturing facilities.”

According to the Wall Street Journal, Germany-based Kion Group AG, a forklift truck manufacturer, plans to expand its production at its plant in Summerville, South Carolina. The move is designed to avoid the U.S’s 25% tariff levied on forklifts imported from China.

According to an interview with Kion’s CFO Anke Groth in CFO Journal, WSJ’s newsletter, “about half of the 3,000 vehicles that the Frankfurt-based company sells in the U.S. each year come from China, where Kion operates two forklift manufacturing facilities.”

Area Development

UPS creates 575 new jobs in Houston at new Willowbrook facility

HOUSTON — A new UPS package delivery facility in the Wilowbrook area will bring 575 new full- and part-time jobs to the Houston, the carrier announced Thursday.

Now operating at full capacity, the new facility will significantly increase UPS’s delivery fleet serving Houston.

“The new Willowbrook package processing facility is yet another key addition to the UPS® network that connects businesses of all sizes and consumers throughout the world,” said Deryl Hill, president of UPS’s Red River District that includes Texas and Oklahoma. “UPS continues to increase its capacity in Texas to meet the expanding shipping needs of our commercial and residential customers across this fast-growing state.”

Khou.com

New jobs coming to Richland County

COLUMBIA,  S.C – 25 new jobs are coming to Richland County.

The Governor’s office says a manufacturing facility is locating to Richland County,  creating the new jobs.

According to a release, Miwon Specialty Chemical Co. USA, a manufacturer of raw materials will locate new production operations in Richland County.

The company’s $19.5 million investment is projected to create 25 new jobs, according to the Governor’s office.

AbcColumbia.com

Governor: Smyth County Machine to add 35 new jobs, invest $2 million

Governor Ralph Northam brought good economic news to Smyth County, Virginia on Tuesday- expansion plans for an existing business.

Smyth County Machine, LLC, is planning a $2.1 million upgrade to their facilities in Atkins, resulting in the creation of 35 new jobs, the governor announced.

A $200,000 grant in assistance funding from the Virginia Tobacco Commission helped secure the project for the company which provides products for an array of industries. The manufacturer began as a one-man operation in 1977 and has evolved into a major manufacturer and fabricator for mining, automotive, medical and environmental customers, the report said.

Wcyb.com

Cybersecurity startup bringing 50 new jobs to Peachtree Corners

OneLogin, a cloud-based identity and access management provider, will create approximately 50 new jobs in a new East Coast Growth Center in Peachtree Corners. Newly created jobs include positions in sales, sales development, sales engineering, customer success, business development, field marketing, tech support, and implementation consultants.

“Atlanta is a fantastic market for world-class talent, and we’re thrilled to open our new Growth Center here,” said Brad Brooks, CEO and President, OneLogin. “We’re excited to support customers in the region who are embarking on their digital transformation journeys with our leading Unified Access Management solutions, connecting customers with a simple and secure login.”

Atlanta Journal Constitution

A Connection Between State Income Taxes And Public School Enrollment Growth?

There are seven states with no tax on any personal income: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming.

According to a recently updated National Center for Education Statistics projection, the eight states expected to see the highest growth in public and charter school enrollment in the 12 years from 2015 through 2027 are: North Dakota (27%); Florida (17%); Washington (17%); Texas (15%); Nevada (14%); Alaska (13%), Utah (13%) and South Dakota (12%). That means that six of the top eight states for public school growth don’t levy an income tax.

Forbes

Airbus starts building Alabama factory for U.S.-made A220s

Airbus has broken ground for a new factory in Mobile, Alabama, defying predictions by archrival Boeing that the plant would never be built.

By midyear, mechanics will begin assembling the first American-made A220, a single-aisle jetliner developed by Bombardier and taken over by Airbus last year. Delivery of the initial plane with a made-in-the-U. S. A. label is scheduled for next year.

The new factory caps a dizzying turnaround for the Canadian-designed aircraft formerly known as the CSeries, which Airbus rescued in 2018 after working for years to stymie sales of the 100- to 150-seat jets. Bombardier turned to the European plane maker after Boeing rejected overtures. The U.S. aerospace giant then waged a high-profile and ultimately unsuccessful campaign to slap duties on imports of the jets by Delta Air Lines.

Seattle Times