intelligence360

SUBSCRIBE
About us
Video News Daily
Contact Us
Search Icon

intelligence360

The Intelligent News Source

Tag: Brinqa

Austin Texas based Brinqa is raising $39,999,996.00 in New Equity Investment.

Austin Texas based Brinqa is raising $39,999,996.00 in New Equity Investment.

June 29, 2021 Craig Etkin

Austin, TX – According to filings with the U.S. Securities and Exchange Commission, Brinqa is raising $39,999,996.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Amad Fida played a key…

Read More Read More

Subscribe for FREE!

intelligence360

Source: http://www.intelligence360.io/ and https://intelligence360.news/

Mitsubishi Electric US (MEUS) will repurpose an existing manufacturing facility in Maysville to produce highly efficient heat pump compressors, which will bring 122 new full-time jobs with a $143.5 million investment. As the second-largest employer in Maysville, Mitsubishi Electric has produced automotive components in Kentucky since 1995, in tandem with a long history of training Maysville’s next generation of workers through collaborations with Morehead State University and the Maysville Community and Technical College, among others. As the automotive landscape has diversified beyond the internal combustion engine, Mitsubishi Electric has worked diligently to identify a viable alternative for this manufacturing facility and maintain its commitment to Maysville.

In a statement, Mike Corbo, president and CEO of Mitsubishi Electric US said, “Mitsubishi Electric is grateful to the Commonwealth of Kentucky for providing incentives to ensure we maintain our manufacturing presence in the Bluegrass State.” “Creating technologies that support vibrant and sustainable societies is at our company’s core. This repurposed facility brings the production of compressors for our highly efficient heat pump systems here to the U.S., and with that new jobs and investments in technology that make American homes more comfortable, more sustainable and less expensive to heat and cool. This collaboration is a huge step toward many of our shared goals.” To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority has preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $7 million in tax incentives based on the company’s investment of $143.5 million.

Source: http://www.intelligence360.io/ and https://intelligence360.news/

Mizkan America has announced plans to expand their current facility in Owensboro with a $156 million investment creating 44 new jobs. Total operational space will increase by approximately 320,000 square feet. Mizkan will make building improvements and add new equipment and machinery, plus IT upgrades. In a statement, Koichi Yuki, CEO of Mizkan America said, “This project, which is in its design phase and will move to board approval early next year, would become a transformational project for Mizkan America.”

The Mizkan Group is a privately held, international food manufacturer, headquartered in Handa City, Japan, with a heritage that spans more than 200 years. The company is an industry-leading producer of pasta sauce and vinegar products, including brands such as Ragú and Bertolli. To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority has preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $950,000 in tax incentives based on the company’s investment of $156 million. Additionally, KEDFA approved Mizkan America for up to $1 million in tax incentives through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.

Load More... Subscribe

Categories

Categories

Recent Posts

Sacramento California Metro based Connected Care Living Systems LLC dba Modern Care has secured $1,164,000.00 in new commercial capital. September 11, 2024
Eau Claire Wisconsin Metro based Coating Tech Slot Dies, LLC has secured $1,000,000.00 in new commercial capital. September 11, 2024
City of Albuquerque to spend $12,500,000.00 to occupy 15,557 square feet of space in Albuquerque New Mexico. September 11, 2024
Citadel to spend $1 Billion for 54-Story HQ in Miami in Miami Florida. September 11, 2024

Archives

Archives

© 2024 Copyright SI360 Inc. All Rights Reserved.