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

YOUR October 2023 NEWS BULLETIN BRIEF

KENTUCKY

Supplier Toyota Boshoku America to Build “Smart Plant” in Hopkinsville, KY: Governor Andy Beshear joined representatives of Toyota Boshoku America, Inc. and local leaders in Christian County today to announce the establishment of a new automotive parts manufacturing facility in Hopkinsville, Kentucky.

The global automotive supplier will invest $225 million and create 157 jobs in the company’s first ever “smart plant” location. The new Kentucky factory will produce seat frame mechanism parts such as seat tracks, seat recliners and motor with gear. The 327,000-square-foot building will occupy 48 acres, with operation start planned for 2025. Located in the Hopkinsville’s South Park Development, construction began in June 2023.

SOURCE: CLICK HERE

WaWa Announces 7 Future Louisville Locations:

Wawa is coming to Louisville and surrounding areas in a big way.

On Tuesday, the gas station and convenience store chain announced four future locations in Louisville, as well as three additional sites in the Louisville area.Wawa is a popular east coast gas station chain known for its sandwiches and cheap eats.

The chain says it plans to open about 40 stores across the Kentucky region in the next 8-10 years. The first groundbreakings are expected in the middle of next year, with the first stores scheduled to open in 2025. So far, Wawa has more than 15 sites under contract (including some of the sites listed above) across Boone, Bullitt, Fayette, Hardin, Jefferson, Jessamine, Oldham, Scott, Shelby and Warren Counties.

SOURCE: CLICK HERE

TENNESSEE

Laminated insulation manufacturer to create more than 70 new jobs in Tier 4, Distressed Perry County: Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart C. McWhorter and Dutch Tech, Inc. officials announced today the company will invest $755,000 to expand its insulation manufacturing operations at the company’s headquarters in Southern Middle Tennessee. 

Dutch Tech will create 73 new jobs in Tier 4, Distressed Perry County three years after the company was founded in Lobelville. The additional staff will serve as shift managers, equipment operators and administrative assistants, allowing Dutch Tech to better meet its customer demands and increase production.

Founded in 2020, and headquartered in Lobelville, Tennessee, Dutch Tech, Inc. specializes in manufacturing durable, insulation technology. Through the expansion, Dutch Tech will employ nearly 100 people in Perry County.

SOURCE: CLICK HERE

DePre, LLC To Establish HQ, Manufacturing Operations In Tennesee: DePre, LLC — a joint venture comprised of DeRoyal Industries, Inc., Premier, Inc., and 34 Premier member health systems — will establish a healthcare products manufacturing facility in Powell, Tennessee. DePre will invest $10.3 million and create 26 new jobs at the company’s headquarters and manufacturing plant on West Beaver Creek Road.

DePre will manufacture medical isolation gowns, bringing the production of this product from overseas to the U.S. to support more than 4,350 hospitals in Premier’s customer portfolio, as well as other healthcare providers nationwide. To support the venture long term, health system co-investors signed multi-year commitments to purchase a portion of the isolation gowns used each year from DePre. Upon completion, DePre’s facility will use state-of-the-art automation to produce two gowns per second.

SOURCE: CLICK HERE

WEST VIRGINIA

Boscov’s Chose Bridgeport, WV: The decision to open a new location for Boscov’s, a 110-year-old family department store chain, did not come at random, according to Chairman and Chief Executive Officer Jim Boscov.

In fact, the brand only opens one new venue a year, taking into consideration the local market, consumer behavior and community values, he said.

food packaging solutions.

When Boscov’s announced it would open its 50th location — and its first West Virginia venue — in Bridgeport’s Meadowbrook Mall, it came with extensive planning and conversations with local stakeholders.

Now, with their opening week underway, store management hopes the brand’s message will resonate with shoppers from Harrison County and North Central West Virginia.

When picking where to expand, one of the first factors Boscov’s considers is brand recognition. With stores in Maryland, Ohio and Pennsylvania, moving to a nearby state like West Virginia makes more sense than crossing time zones or switching coasts, Boscov said.

SOURCE: CLICK HERE

A SNAPSHOT OF WHAT’S HAPPENING NATIONALLY!

A surge of Hiring in September Defies Predictions, Pointing to US Job Market’s Enduring Resilience: WASHINGTON (AP) — An unforeseen burst of hiring last month has lifted hopes that the economy will prove durable once again, even as an array of threats lie ahead.

Businesses across the U.S. economy ramped up their hiring in September, defying surging interest rates, financial market turmoil, the ongoing threat of a government shutdown and an uncertain outlook to add the most jobs in any month since January.



The hiring binge confounded expectations for a slowdown and added one more layer of complexity to the Federal Reserve’s high-wire effort to defeat inflation without causing a recession.

SOURCE: CLICK HERE

Auto Workers Stop Expanding Strikes Against Detroit Three After GM Makes Battery Plant Concession: The United Auto Workers union says it will not expand its strikes against Detroit’s three automakers after General Motors made a breakthrough concession on unionizing electric vehicle battery plants.

The United Auto Workers union said Friday it will not expand its strikes against Detroit’s three automakers after General Motors made a breakthrough concession on unionizing electric vehicle battery plants.

The announcement of the pause in adding factories to the strikes came minutes after GM agreed to bring workers at battery factories into the UAW’s national contract, essentially assuring they will represented by the union.

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

Acres: Cultivating Equity in Black Agriculture

The National Minority Development Council (NMSDC)’s Acres: Cultivating Equity in Black Agriculture program is a free, virtual 12-week experience that combines an enriching learning curriculum with strategic business support tailored specifically for Black farmers.

This program is sponsored by Walmart, Cargill, and UNFI, and is designed to help participants grow their capacity to take on major national contracts with large corporations and food brands. 

We’re seeking your assistance in connecting with Black farmers and Black entrepreneurs in the agricultural sector who would be interested in joining Acres Cohort TwoThe deadline to apply is Oct. 30. Please share this opportunity within your network.

Topics Covered in the Learning Program:  

  • Getting certified as a minority business enterprise (MBE) and how it can open opportunities for Black farmers.
  • Accessing capital, getting capital ready, and leveraging micro-loans.
  • Addressing issues of growth such as storage, putting acreage into production, and equipment management.
  • Building negotiation skills.
  • Developing a plan for and managing growth.
  • Reviewing opportunities and challenges shared by corporate members.

Program Criteria: 

  • Must be a farmer with an agriculture for profit enterprise and physically located in the U.S. or its trust territories with revenue of at least $25,000 per year. 
  • Minority businesses must be at least 51% Black–owned, managed, and controlled. Participants must meet the African American/Black definition as set by NMSDC.
  • Management and daily operations must be exercised by the Black ownership member(s).
  • Must have two years of farming experience. 
  • Must be registered with the Secretary of State in the state where business is conducted. 
  • Must have a business bank account.
  • Must have proof of United States Citizenship.

Apply To The Program

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