Latest news with #EconomicDevelopment
Yahoo
9 hours ago
- Business
- Yahoo
New food-additive factory to open in Augusta area
A German manufacturer of pet-food additives has chosen the Augusta area to establish operations in North America. Mikro-Technik GmbH & Co. KG hopes to bring more than two-dozen employees to McCormick County, S.C., with an investment of $3.2 million. Mikro-Technik will lease and upfit a shell building maintained by the McCormick County Economic Development Authority at 8463 S.C. Hwy. 28/221 in Plum Branch. The completed project is expected to expand the company's production capacity for customers in the U.S. and Canada, officials announced Tuesday. Mikro-Technik refines plant-based cellulose fiber into a powder used as a binding agent in types of pet food, mainly dry kibble. Operations are scheduled to go online in the third quarter of 2025. "Establishing our first North American facility in McCormick County marks an exciting milestone for Mikro-Technik," CEO Kai Weingarten said in prepared remarks. "This investment allows us to better serve our customers across the American continent, while also contributing to the local economy. We are grateful for the support we've received at the state and local levels and look forward to growing our operations in South Carolina." South Carolina Gov. Henry McMaster called the project a "major boost" to the county's population of about 10,000 residents. The state's Coordinating Council for Economic Development awarded a $350,000 Rural Infrastructure Fund grant to McCormick County to help fund building improvements. "The people of McCormick County are hardworking and prepared for this opportunity, and I am confident Mikro-Technik will find a community that is fully committed to its success,' he said. This article originally appeared on Augusta Chronicle: New food-additive factory to open in Augusta area
Yahoo
a day ago
- Business
- Yahoo
$1.9 billion CHIPS grant denied for Kansas
COFFEY COUNTY (KSNT) – Coffey County Commissioners were told that their application for $1.9 billion in Creating Helpful Incentives to Produce Semiconductors (CHIPS) grant funds was denied; throwing the construction of a proposed Burlington computer chip factory into question. On May 19, commissioners heard from County Counselor Wade Bowie, II, about CHIPS funding. According to Bowie, the transition between the Biden and Trump administration likely resulted in the denial. In February 2023, Governor Laura Kelly announced that EMP Shield had plans to build a computer chip manufacturing facility in Burlington thanks to funding through the CHIPS Act. The governor said that the facility would create more than 1,200 jobs averaging $66,000 annually. Following the news, commissioners heard that decisions would need to be made regarding the future of the property at the location. According to the minutes from the meeting, the location is ideal for an industrial park with I-35 and Highway 75 near Kansas City and other locations. Economic Development Director Jenny Tatman showed commissioners a concept map of the proposed industrial park. He discussed a possible manufacturing facility built by a solar panel company. Bowie told commissioners that there will be an update on the potential future of the CHIPS grants at the next regular meeting on June 2. What will happen to the old JCPenney space at West Ridge Mall? As of August 2024, the CHIPS and Science Act had provided $30 billion in support for 23 projects in 15 states that would add 115,000 manufacturing and construction jobs, according to the Commerce Department. That funding helped to draw in private capital and would enable the U.S. to produce 30% of the world's most advanced computer chips, up from 0% when the Biden-Harris administration succeeded Trump's first term. The CHIPS Act called for every aspect of computer chip production to be brought back to the United States – specifically into rural areas of the Midwest, along with stipulations including private-public partnerships as well as the involvement of higher education institutions. For more Kansas news, click here. Keep up with the latest breaking news in northeast Kansas by downloading our mobile app and by signing up for our news email alerts. Sign up for our Storm Track Weather app by clicking here. The Associated Press contributed to this article. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
See - Sada Elbalad
a day ago
- Business
- See - Sada Elbalad
Al-Mashat Interview Panel for "Women Lead for Executives" Program at NTA
Israa Farhan Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, chaired one of the interview panels on Thursday for applicants to the 'Women Lead for Executives' program, organized by the National Training Academy (NTA) in partnership with the Ministry. This initiative is part of national efforts to qualify women for leadership roles and promote their economic, social, and political empowerment. Dr. Al-Mashat emphasized the importance of the 'Women Lead for Executives' program, which is one of the distinguished training programs provided by the NTA in cooperation with the Ministry of Planning, Economic Development, and International Cooperation. The program targets women in executive positions across various institutions, ranging in age from 22 to 50. She noted that with every round of interviews, she witnesses the advancement in the caliber of applicants and their eagerness to acquire the skills that will enable them to contribute to the prosperity and progress of our beloved nation. The Minister noted that Egyptian women have received significant attention under the leadership of H.E. President Abdel Fattah El-Sisi, President of the Republic. This has been reflected in the launch of the National Strategy for the Empowerment of Egyptian Women 2030 and the measures that have enabled women to hold leadership positions that were previously inaccessible. She added that empowering women economically, socially, and politically does not only benefit women themselves, but yields positive results across all aspects of life in Egypt. She further explained that women's empowerment is a key component of the state's efforts to invest in human capital and develop the skills of young men and women, enhancing their ability to assume leadership positions. The state is working to integrate gender equality and women's economic and social empowerment across all development plans. As such, women's empowerment has become a core component of the economic and social development plan, as well as various strategies and programs being implemented in cooperation with bilateral and multilateral development partners. Dr. Al-Mashat added: 'Empowering women economically, socially, and politically is a significant responsibility. Women are required to constantly prove their competence and capability to hold such positions. In addition, they bear a major responsibility in encouraging more women and girls to enter various fields of work, thereby increasing women's participation in the labor market.' Dr. Rasha Ragheb, Executive Director of the NTA, welcomed Dr. Rania Al-Mashat upon her arrival at the Academy headquarters in Giza Governorate. Dr. Al-Mashat and Dr. Ragheb toured the training sessions taking place under the Support for Improvement in Governance and Management (SIGMA) program. This program is part of the effective partnership between the NTA, the Ministry of Planning, Economic Development, and International Cooperation, the European Union, and the Organisation for Economic Co-operation and Development (OECD). The Minister took the opportunity to motivate the participants in the program, stressing the importance of the partnership between Egypt and the OECD. This partnership has resulted in the implementation of several programs that contribute to strengthening governance mechanisms and supporting development efforts in Egypt. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks
CTV News
4 days ago
- Business
- CTV News
‘Super Bowl of the tourism industry' underway in Winnipeg
Natalie Thiesen of Economic Development Winnipeg spotlights RVC, Canada's biggest tourism trade show, and why it's a game-changer for Manitoba.
Egypt Today
4 days ago
- Business
- Egypt Today
Egypt Set to Launch €1.8 Billion EU-Backed Investment Guarantee Initiative in June
Egypt will roll out a new Investment Guarantee Mechanism in June 2025, in partnership with the European Union, offering guarantees worth €1.8 billion, according to Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation. Speaking at the Egypt-Sweden Business Forum, Al-Mashat explained that the initiative is designed to attract private capital and channel impact investments into key sectors, including energy, infrastructure, digital transformation, water, agriculture, and climate adaptation. The guarantees are expected to unlock further financing from European and global development banks, bolstering Egypt's investment climate and expanding private sector opportunities—particularly for Swedish enterprises. Al-Mashat also outlined recent economic reforms undertaken since March 2024, aimed at reinforcing macroeconomic stability, improving the business environment, and driving sustainable growth. These reforms have led to a strategic pivot toward non-oil manufacturing industries, with a notable rise in private investments even as public investment spending has decreased. Additionally, she underscored the importance of encouraging more direct investment from Swedish companies and strengthening technical cooperation through Egypt's 'NWFE' platform. Al-Mashat further noted Egypt's proactive engagement with the Carbon Border Adjustment Mechanism (CBAM) to ensure its exports remain competitive while supporting the global shift toward lower emissions and green growth.
