September 2023… TRISTATE TALKING NEWS – REGIONAL, NATIONAL AND GLOBAL SNAPSHOTS

YOUR September 2023 NEWS BULLETIN BRIEF

KENTUCKY

Bespoken Spirits Relocating Headquarters To Lexington: San Francisco-based Bespoken Spirits Inc. announced plans to relocate its headquarters and manufacturing operations to Greyline Station in Lexington. The $3.2 million relocation will create 16 new high-wage jobs paying an average hourly wage of $70.77, including benefits.

The relocation of Bespoken Spirits’ headquarters and manufacturing operations will include building improvements, equipment, start-up costs and other related expenses. The move will also enable Bespoken to move up the supply chain to include distillation, completing the characterization and recipe catalog from grain to glass.

SOURCE: CLICK HERE

Governor, Local Officials Join In Groundbreaking For OneNKY:

More than 30 years after the first groundbreaking for what has become the RiverCenter complex on Covington’s riverfront, there was a groundbreaking celebration Wednesday for another William Butler vision — the OneNKY Center.

Gov. Andy Beshear joined local and state officials and leaders to break ground on the new center, bringing Northern Kentucky growth groups together under one roof — right at the foot of the John A. Roebling Suspension Bridge.

“This project is a perfect example of what it means to be a part of Team Kentucky and what we can accomplish when we work together to do what is best for our families,” said Gov. Beshear. “With this investment, we can support the many life sciences and biotech companies already in the region and welcome new innovators and startup companies to create more high-wage jobs and cutting-edge treatments right here in Kentucky.”

SOURCE: CLICK HERE



TENNESSEE

Graphite Giant Mersen Invest $70 Million To Revitalize Past Union Carbide Site In Columbia: The Tennessee Global graphite-producing giant Mersen, based in France, will revitalize the previous Union Carbide plant in Columbia, Tenn., investing an estimated $70 million in the area economy and bringing 100 new employees on board to the expanded operations.



Mersen, a global leader in electrical power and advanced materials, will operate at the 60-acre site over 800,000 square feet across 10 buildings off Santa Fe Pike set to produce 120 metric tons of graphite. The plant once housed the operations of Union Carbide, dating back to the late 1990s, but most recently housed Graftech Advanced Graphite, which was recently bought by CRG LLC and then sold to Mersen in 2019.

SOURCE: CLICK HERE

10 Companies Headquartered In Tennessee Made Fortune 500 List: Ten companies with headquarters located in Tennessee earned a place on Fortune magazine’s 2020 list ranking enterprises with the 500 highest fiscal-year revenues in the nation.

This list of high-earning companies was the 66th such annual ranking published by Fortune. All companies in the top 500 had revenues of at least $5.7 billion, which is a 1 percent increase over the previous year’s threshold.

Overall, the Fortune 500 companies make up about 66 percent of the nation’s total gross domestic product, with a combined $14.2 trillion in revenues, according to the analysis. And the top 500 companies’ profits were up 8 percent over the previous year, Fortune reported. 

SOURCE: CLICK HERE



WEST VIRGINIA

Gov. Justice Announces $50 Million Investment For Food Packaging Facility In Berkeley County: West Virginia Gov. Jim Justice announced Thursday a $50 million investment by Treplar for a new food packaging facility in Berkeley County during the opening of the second day of the West Virginia Chamber Annual Meeting and Business Summit at The Greenbrier in White Sulphur Springs. Treplar President Murat Ogulcan said the company is focused on sustainability and environment-friendly food packaging solutions.

“Our journey began many years ago with a simple question. How can you imagine packaging could be both functional and environmentally responsible?”

SOURCE: CLICK HERE

Omnis Fuel Fires Up Pleasants Power Plant Again: Nearly three months since its smokestacks stopped, the Pleasants Power Plant has fired back up as California-based Omnis Fuel Technologies transitions the plant over to clean hydrogen.

Gov. Jim Justice announced Wednesday Pleasants Power is again producing electricity on the wholesale regional market. He made the announcement to fanfare and applause at the West Virginia Chamber of Commerce’s 86th Annual Meeting and Business Summit at the Justice-owned Greenbrier Resort.



“For the first time, maybe the first time in this country, the Pleasant’s Power Plant, a coal-fired power plant, is taking new life and it’s taking new life right in front of our eyes,” Justice said.

SOURCE: CLICK HERE

A SNAPSHOT OF WHAT’S HAPPENING NATIONALLY!

The Job Market Continues To Expand At A Healthy Clip As U.S. Heads Into Labor Day: The jobs market is holding steady as the country heads into the Labor Day weekend. Employers added 187,000 jobs last month, marking a modest pickup from the previous month, the Labor Department said on Friday, with healthcare, hospitality, and construction among the sectors that added the most jobs.

Average wages over the last year are up 4.3%, outpacing inflation. The data comes ahead of the Federal Reserve’s next policy meeting later this month. The Fed has been raising interest rates aggressively to cool down inflation, and Fed Chair Jerome Powell has said policymakers are ready to raise them more if needed.

SOURCE: CLICK HERE

Remote Work Is Harder To Come By As Companies Push For Return To Office:

With the pandemic declared over, much of America seems to have settled on the idea that at least some in-person time is beneficial — even necessary — for workplaces. But what remains under hot debate is how much time is needed and who gets to determine that.

According to Kastle Systems, which tracks security card swipes, building occupancy in San Francisco, Washington, D.C., and the New York metro area is barely breaking 40%. Houston tops a list of major U.S. cities with occupancy reaching 60%.

It’s a sign that many office workers who enjoyed greater autonomy while working from home are not readily giving up that up, even as their employers step up demands for them to come in.

SOURCE: CLICK HERE

NMSDC NEWS

Act Now. Accelerate Growth. Achieve Equity.

After disrupting our own status quo at our 50th Anniversary Conference & Exchange last year, we must now gather and focus our attention on the equity gap that has persisted in this country for far too long and expanded during the COVID-19 pandemic and our country’s recovery.

What will it take to close the equity gap? How will you contribute to the solution?

As part of our efforts to accelerate minority business growth and advance economic equity NMSDC and the Minority Business Development Agency (MBDA) are collaborating to bring this year’s NMSDC Annual Conference & Exchange and MBDA National Minority Enterprise Development (MED) Week to Baltimore.

We are collaborating to identify the barriers facing our community. It will take a coalition of organizations, industry leaders, business owners, and changes in policy to reach economic equity. We need innovative and transformative solutions, and that’s where you come in!

Join us in Baltimore for the 2023 NMSDC Annual Conference & Exchange and MBDA National MED Week!

Full Conference Registration Fee

SPONSORS

Facebook  Twitter  Linkedin  
NO LIMITS… JUST OPPORTUNITIES!
© 2021 TSMSDC. All Rights Reserved