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

YOUR NOVEMBER 2023 NEWS BULLETIN BRIEF

KENTUCKY

NEO Industries expanding manufacturing operation in Beaver Dam with $12.4 million investment: Governor Andy NEO Industries Inc., a world leader in surface technology for work rolls in steel and aluminum manufacturing, announced an expansion of its current operation in Ohio County with a $12.4 million investment, creating 20 new full-time, quality Kentucky jobs.

The project will see the company expand its current manufacturing facility in Ohio County by over 30,000 square feet, bringing the total operating space to 47,000 square feet. The increased space will allow for additional capacity to chrome plate rolls and for installing a high-precision grinder and polisher. This additional equipment will help the company directly service the rapidly expanding electric vehicle battery industry.

NEO Industries’ $12.4 million investment will create 20 full-time jobs, bringing their total Kentucky employment number to 50.

“NEO Industries is excited to further the growth and economic success of Kentucky,” said Ladislav Halaj, NEO Industries’ service center operations vice president. “With this latest investment in the Blue Grass State, our expanding manufacturing capabilities in our plant will help support the growing EV battery market by supplying new technology and job opportunities for Ohio County. We greatly appreciate the support from our local leaders and the Kentucky Cabinet for Economic Development.”

SOURCE: CLICK HERE

Brothers Wright Distilling To Produce Coal Mine-Aged Bourbon in Pike County, Creating 28 Full-Time Jobs With Nearly $38 Million Investment: Gov. Andy Beshear announced an innovative addition to Kentucky’s signature bourbon industry, as Brothers Wright Distilling Co. will invest nearly $38 million and create 28 quality jobs in Pike County to establish a new distillery that will use a rehabilitated underground coal mine to age the company’s products.

“It is great to see the continued growth of our state’s bourbon sector, especially when we have companies that embrace Kentucky’s history the way Brothers Wright Distilling has with this investment,” Gov. Beshear said. “This is an incredibly innovative project that will use a once-forgotten coal mine to bring a great Kentucky product to market. I want to thank the company’s leaders for their commitment and for creating more great jobs for Kentuckians.”

Company leaders plan to construct a 12,000-square-foot distillery, rickhouse, welcome center, museum and restaurant on a 20-acre tract – part of a larger 1,200-acre property, along Kentucky Highway 292 in Pike County – with future plans for lodging and an underground visitor experience.

SOURCE: CLICK HERE

TENNESSEE

Smith & Wesson Officially MOves Headquarters To Tennessee: Firearm manufacturer Smith & Wesson officially moved its headquarters from New England to Tennessee, earning praise from the NRA. 

This move is a testament to their enduring legacy, their commitment to firearm excellence, and to the importance of preserving America’s gun industry and Second Amendment rights in a fair environment,” NRA Executive Director of Advancement Tyler Schropp told Fox News Digital in an exclusive comment. 

“Representing millions of NRA members and gun owners, the NRA was proud to be the tip of the spear for the passage and enactment of the Protection of Lawful Commerce in Arms Act that saved America’s firearm industry,” Schropp continued, citing the 2005 Protection of Lawful Commerce in Arms Act that prevents firearm manufacturers from being held liable if products are used to commit a crime. 

Smith & Wesson was established in 1852 in Connecticut before it soon moved its headquarters to Springfield, Massachusetts. Now, the firearm manufacturer calls Maryville, Tennessee, home after holding a ribbon-cutting ceremony Saturday at its new 650,000-square-foot headquarters. 

SOURCE: CLICK HERE

UAW strike: Just days after Spring Hill walks out, GM and union reach tentative agreement: Just two days after the United Auto Workers called on employees at General Motor’s largest assembly facility in Spring Hill to walk out, the union and auto manufacturers reached an agreement Monday.

After much speculation, UAW President Shawn Fain confirmed the deal Monday afternoon, suspending the stand-up strike in effect for the big three auto makers.

GM was the last to reach an agreement, following previous agreements reached by Ford and Stellantis over the weekend.

About 3,200 employees at the Tennessee assembly plant walked out suddenly on Saturday, GM spokesperson Allison May said.

The union and GM engaged in marathon sessions attempting to come to an agreement but were at a standstill ultimately prompting the Spring Hill walkout, an action announced Saturday on Facebook by Spring Hill UAW Local 1853.

SOURCE: CLICK HERE

WEST VIRGINIA

The recognition of upwards of $6 million in improvement upgrades were the focal point at the Charleston Amtrak station Thursday morning, all of which are helping to make train transportation more accessible to everyone.

Amtrak officials united with officials from the City of Charleston, congressional representatives, and U.S Senator Joe Manchin (D-WV) himself at the Amtrak station in Charleston to announce the most recent project pulling in approximately $6.4 million in accessibility improvements. A ribbon cutting ceremony was held at the Amtrak station Thursday to welcome in those upgrades.

“We want to ensure everyone has the opportunity to enjoy the benefits of passenger rail and be able to travel,” Amtrak Executive Vice President of Strategy Planning Dennis Newman told MetroNews.

SOURCE: CLICK HERE

West Virginia state leaders joined the top executives from Berkshire Hathaway Energy Renewables, Precision Castparts Corp. and Our Next Energy Inc. Saturday to break ground on a project they said would build the future of American manufacturing on a foundation of clean energy.

A groundbreaking event was held on more than 2,000 acres of land at the former Century Aluminum site in Jackson County.



The new titanium melt facility will employ about 200 people to manufacture titanium products for the aerospace and other industries.

Mitch Carmichael, secretary of the West Virginia Department of Economic Development, said this was all sparked by a letter Sen. Glenn Jeffries, R-Putnam, sent to Warren Buffet, chairperson of Berkshire Hathaway.



“Because Glenn (Jeffries) took the initiative, and has continued to work on this project and others for economic development, we are here today,” Carmichael said. “And we owe him a great Jackson County welcome for that incredible effort.”

SOURCE: CLICK HERE

A SNAPSHOT OF WHAT’S HAPPENING NATIONALLY!

Business Group Estimates Several Hundred Thousand Clean Energy Jobs in EV, Battery Storage and Solar: The nation’s employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market may be cooling but remains resilient despite high interest rates that have made borrowing much costlier for companies and consumers.

The nation’s employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market may be cooling but remains resilient despite high interest rates that have made borrowing much costlier for companies and consumers.

Last month’s job growth, though down sharply from a robust 297,000 gain in September, was solid enough to suggest that many companies still want to hire and that the economy remains sturdy. And job growth would have been higher in October if not for the now-settled United Auto Workers’ strikes. The strikes ended this week with tentative settlements in which against Detroit’s automakers granted significantly better pay and benefits to the union’s workers.

SOURCE: CLICK HERE

Auto Workers Stop Expanding Strikes Against Detroit Three After GM Makes Battery Plant Concession: A nonpartisan business group that advocates for clean energy estimates that 403,000 jobs will be created by the 210 major energy projects announced since the Inflation Reduction Act took effect in mid-2022.

At least $86 billion in investments have been announced, with the biggest job gains in expected in the electric vehicles, battery storage and solar energy sectors, said the report issued Wednesday by Environmental Entrepreneurs (E2).



The IRA, signed August 2022, contains $500 billion in new federal spending to lower healthcare costs, increase tax revenues and address climate change by offering incentives so clean tech companies innovate and manufacture in the U.S.

SOURCE: CLICK HERE

NMSDC NEWS

Congratulations to the 2023 Annual Award Recipients

NMSDC Annual Award ceremony and reception concluded the power-packed 2023 NMSDC Annual Conference & Exchange and MBDA National MED Week.

Conference attendees gathered in the Baltimore Convention Center for the event which recognizes the achievements of corporate members, minority business enterprises (MBEs), and other NMSDC partners who have shown exemplary leadership in the realm of supplier and business diversity.

The photo below was taken before our (presidents, MBEs, corporate members, lobbyists) departure from Washington back to Baltimore after meeting with legislators, and hearing a myriad of political speakers on current issues, i.e., affirmative action. 

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