Business Xpansion Journal: December - January 2026

2025-2026 INTERNATIONAL DIRECTORY OF ECONOMIC DEVELOPERS

December/January 2026 | bxjmag.com

IT MANAGEMENT DATA CENTERS

Undergoing Big – But Slow Transformation

Getting Bigger – And That’s Becoming a Problem

FINTECH Finding New Footing, More AI Assistance

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TABLE OF

CONTENTS

DECEMBER/JANUARY 2026

4

FEATURES INDUSTRY OUTLOOK: Data Centers Getting Bigger – And That’s Becoming a Problem Driven by the demand for more AI, data centers are using up more electricity, more water and more land, inciting community pushback while data center developers explore new options

ASSOCIATE PUBLISHER Alan Reyes-Guerra areyes@bxjmag.com 205-862-5175

FEATURES EDITOR David Hodes

By David Hodes

CREATIVE DIRECTOR

10

INNOVATION AND STRATEGIES: IT Management Undergoing Big – But Slow - Transformation Transitioning to a fully digital experience and becoming stewards of better usage of data are two of the new challenges facing IT managers

By David Hodes

Clint Cabiness clint@dialedinmediagroup.com 205-613-5910 EDITORIAL OFFICE King Publishing, Inc. 1000 Stafford Court Birmingham, Alabama 35242 Tel: 205-862-5175 ONLINE MEDIA ASSISTANT

14

Nick Boliek

INDUSTRY INSIGHT: Fintechs Finding New Footing, More AI Assistance After an initial surge in development, fintechs are digging deeper into customer convenience as AI changes the framework

By David Hodes

EXPANSION O P P O R T U N I T I E S 35 ARKANSAS: 18 VIRGINIA: Businesses Leading the Way in Virginia

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Where Ideas Grow Into Opportunities

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40 INDUSTRY N E W S 46 2025-2026 International Directory of Economic Developers 2 | BXJ | DECEMBER/JANUARY 2026 | bxjmag.com

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INDUSTRY

OUTLOOK

DATA CENTERS

One example of a massive data center is the Los Lunas data center in New Mexico. It covers 3.8 million square feet and runs on 100% renewable energy. Picture courtesy Meta

Data Centers Getting Bigger – And That’s Becoming a Problem BY: DAVID HODES

Driven by the demand for more AI, data centers are using up more electricity, more water and more land, inciting community pushback while data center developers explore new options

4 | BXJ | DECEMBER/JANUARY 2026 | bxjmag.com

T

he proliferation of data centers across the world, and especially in the U.S., continues to show no signs of slowing. The amount of data center supply under construction in North America’s top markets jumped by about 70% in 2023, according to CBRE Group research published by Reuters. ............................................................................................................................................................

DataCenter Maps reports there are 4,194 data centers in the U.S. alone, with the majority in Virginia (666), followed by Texas (411), California (321) and Illinois (244). The demand for newer facilities is likely to make smaller markets more desirable, including northern Indiana, Idaho, Arkansas, and Kansas, according to the CBRE report said.

But this increasingly fast development is beginning to face some backlash.

A March report by Data Center Watch, a data center research firm, found that $64 billion in U.S. data center projects have been blocked or delayed by a growing wave of local bipartisan opposition.

capital expenditures on data center infrastructure (excluding IT hardware) are expected to exceed $1.7 trillion by 2030, largely because of the expansion of AI, the proliferation of edge computing, and advancements in high-performance computing (HPC). “Over the next five years, data center campuses will have to expand from providing tens of megawatts (MW) of power to hundreds, even expanding to accommodate a gigawatt (GW) scale (a scale of one gigawatt or more),” according to the report.

The power needed to fire up all of these data centers to come is expected to be 1,400 terawatt-hours by 2030 (one terawatt is 1,000 gigawatts), according to McKinsey analysis, representing 4 percent of the total global power demand.

One example of high electricity demand is Amazon’s Project Rainier $11 billion AI compute cluster in New Carlisle, Indiana.

It will use enough electricity—over 2.2 GW—to power 1.6 million homes once fully built out.

Land use is also a growing issue for data centers. Project Rainier will use 1,200-acres of land for its planned 30 building cluster (7 are currently operational).

The 2,000-acre Quantum Loop data center in Maryland is nearing completion, expected to need 2.4 GW of power.

So now there is a search for data center options—with some technologically creative options on the drawing board.

NEW IDEAS IN DATA CENTERS

For example, in Cascade Locks, Oregon, voters recalled two port authority officials in June 2023 for supporting a $100 million data center project from Roadhouse Digital. And in Warrenton, Virginia, residents voted out all town council members in the November, 2024 election who supported Amazon’s proposed data center. The newly elected council, composed entirely of project opponents, now has the mandate to block the data center.

There are 13 delayed data centers projects in California, 10 delayed in Texas, with 21 blocked data center developments in other states across the country, according to the Data Center Watch Report.

But those actions have yet to put a serious dent in data center development in the U.S. and elsewhere. A study by McKinsey and Company, a business research company, showed that globally,

To reduce the carbon footprint of data centers and provide more operational efficiencies in water and power usage, the U.S. and China in particular are exploring underwater or barge mounted data centers.

China currently has two operational underwater data centers: One off the coast of Hainan that was launched in 2022 and is fully operational, and another one off the coast of Shanghai that is partially wind powered. The Hainan data center cluster is comprised of two capsules with a combined total of 1,200 servers.

Clients include China Telecom, Tencent, SenseTime and several other enterprise users operating AI or data intensive applications.

Microsoft recently ended their nine-year underwater experiment of two data centers sealed inside large cylinders, called Project Natick.

The first one, called Leona Philpot, was a sealed capsule sunk 30 feet underwater off the coast of California in August, 2015, for 105 days. The second one, called the Northern Isles deployment, a shipping-container sized sealed capsule, was sunk 117 feet off the coast of Orkney, Scotland for two years (2018 to 2020), and was powered by a cable linked to the Orkney grid which runs entirely on wind and solar energy.

When that capsule was raised for analysis, it showed high reliability and limited hardware degradation.

Nautilus Data Technologies, a data center infrastructure developer based in Stockton, California, experimented with the idea of floating data centers on barges, cooled using nearby natural water sources, that could be operated in ports or harbors.

It was launched at the Port of Stockton on the San Joaquin River

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INDUSTRY

OUTLOOK

DATA CENTERS

The future driver of data center development includes the use of the NVQLink shown here which is the gateway to uniting quantum and GPU computing to push the frontier of computability and unlocking new scientific discoveries. Picture courtesy NVIDIA

in 2021, and was used by government entities and a cloud storage provider, Backblaze.

Startup company Subsea Cloud, a Houston-based maker of data center modular units, followed Microsoft’s lead in 2021 with their underwater sealed high-pressure pod system that prioritizes modularity and cost efficiency. It is 30 feet underwater in the Pacific Ocean near Port Angeles, Washington, and holds 800 servers. Subsea is planning two more underwater data centers: One in the Gulf of Mexico to demonstrate deployment in warmer, deeper waters, and another one in the North Sea to be sunk 700-1,000 feet, and serviced by remotely operated vehicles.

DATA CENTERS OUT OF THIS WORLD

Microsoft’s Project Natick underwater tight steel tube data center with 864 servers, shown her after it was raised from the sea floor off the coast of Scotland in July, 2020.

Photo courtesy of Simon Douglas and Microsoft News

6 | BXJ | DECEMBER/JANUARY 2026 | bxjmag.com

Yet another option for data centers is building and operating them in Earth orbit.

Data centers in space offers three unique advantages: the coldness of space keeping operations cool, the huge expanse of space offering growth opportunities for data center physical expansion, and the use of direct 24/7 solar energy.

Axiom Space, a space infrastructure developer based in

Houston, building a commercial space station and developing orbital data centers in space for astronauts and researchers.

According to a press release from the company, the Axiom Orbital Data Center Node on the International Space Station, (AxODC Node ISS) will establish an optically interconnected, high-performance ODC node aboard the station enabling satellites, other spacecraft in low-Earth orbit (LEO), and astronauts and researchers to store and process data, with the ability to run AI workloads and other cloud computing applications.

Starcloud, a satellite communications service company based in Redmond, Washington, is another company working to develop data centers in space. Their white paper spells out the objective of their business: “Orbital data centers unlock next-generation clusters of a scale not seen yet on Earth, with power generation well into the GW range. They can be linearly scaled nearly indefinitely without the physical and planning constraints that

plague terrestrial projects of this size. If current trends continue, multi-GW clusters will be required from 2027 to train the largest LLMs. Consider a 5 GW cluster, which will be needed to train models like Llama 5 or GPT-6. This would exceed the capacity of the largest power plant in the U.S. and some of the largest operational power plants in the world.”

Starcloud founder Philip Johnston told BXJ that one of the key technical challenges they are trying to overcome is how to dissipate the heat in a vacuum. “For that, we’re building very large, low cost and low mass deployable radiators,” he said.

They are also testing the new Nvidia Blackwell chip for space operations, currently the world’s most powerful chip that enables breakthroughs in data processing, engineering simulation, electronic design automation, computer-aided drug design, quantum computing and generative AI. Johnston said that they just launched their first satellite with

Another example of a major data center is Meta’s AI-focused data center which recently broke ground in Beaver Dam, Wisconsin.

It can scale to a 1GW data center site. Picture courtesy Meta

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INDUSTRY

OUTLOOK

DATA CENTERS

S I D E B A R

about 100 times more powerful GPU or AI compute ability than has been in space before. Their second launch is coming up in October, 2026.

Shielding all the electronics in a data center in space is a big challenge as well, and they are working on solving that problem.

“We are putting these chips in the cyclotron proton beam accelerator in Knoxville, Tennessee, and in the heavy ion beam accelerator in Brookhaven National Lab in New York,” he said.

Cyclotron beam accelerator is a type of particle accelerator that uses magnetic and electric fields to speed up protons in a spiral path to high velocities to create a concentrated beam of protons.

“We are the only people in the world, I think, that know at what level of flux an (Nvidia H100 chip for high performance computing capability) fails at. So that informs our choice of shielding. You can shield for this type of radiation, but it’s a large mass that you need to put there.”

Johnston also addressed why building a data center in space is better than one underwater. “There’s two reasons to build data centers under the water. One is you think you might be able to

get some efficiency on the cooling. The other is you want to be connected to the trans-Atlantic and trans-Pacific cables before they hit land,” he said. “The saving on cooling is only 10 or 20% of total energy. The reason we’re doing what we’re doing is because we can save 100% on the energy, which is a much more appealing prospect. Number two is, I presume (Microsoft’s Project Natick) didn’t find a customer that cared enough about being two kilometers out to sea to make that an economically viable business.

Starcloud recently signed a contract with Crusoe, a large data center provider. Crusoe will become the first public cloud provider to run workloads in outer space. Under the partnership agreement, Crusoe will deploy their cloud on a Starcloud satellite scheduled to launch in late 2026, and plans to offer limited GPU capacity from space by early 2027. “Elon and Google both said that they’re going to be putting significant resources into (data centers in space), as well as Jeff Bezos, who is saying it’s inevitable,” Johnston said. X

In Montgomery County, MD, Talent Paves the Way for Global Technology Innovation Steps from the nation’s capital and with over 6,000 technology companies, Montgomery County, Maryland has emerged as one of the most innovative technology hubs in the nation. With an ecosystem supported by top-tier academic institutions, a highly educated and diverse workforce, and a long-standing culture of innovation, Montgomery County’s business community includes companies leading the way in quantum, AI/VR, advanced manufacturing, aerospace capabilities, cybersecurity, biotech, cleantech, medtech, robotics, CHIPS and advanced satellite and communications, that are accelerating the County’s position as a destination where technology companies thrive.

Companies here are fueled by the steady and robust talent pipeline, developed by programs at top-tier academic institutions like The Universities at Shady Grove and Montgomery College, Maryland’s leading community college, ranked 1st in the state and 17th nationwide, as well as one of the highest-rated public-school systems in the country. With more than 29,000 computer and mathematics professionals and over 90,000 technology workers, the Montgomery County is home to one of the strongest tech talent pools in the United States. Talent is in Montgomery County’s DNA—33 percent of adult residents age 25 and older have an advanced degree—and is nurtured through strong partnerships between the government, academic institutions, and local partners who are committed to creating a workforce that’s ready to meet the current and future demands of employers.

Here, entrepreneurs building the future of technology find support through partners like the University of Maryland Institute of Health Computing, which brings together world-class researchers

8 | BXJ | DECEMBER/JANUARY 2026 | bxjmag.com

from the University System of Maryland’s partner institutions prominent in artificial intelligence, machine learning and the virtual/augmented reality fields with researchers and clinicians.

Montgomery County’s proximity to the nation’s capital brings unparalleled access to federal agencies, and research institutions like the National Institute of Standards and Technology (NIST) and the National Cybersecurity Center of Excellence (NCCoE), giving companies a strategic advantage that few regions can match.

Maryland Governor Wes Moore recently announced a $1 billion investment over the next five years to cement the state as a global leader in quantum technology. As the most populous county in Maryland with over 1M residents, and already home to a thriving tech sector and the newly launched $3m University of Maryland Institute for Health and Computing, Montgomery County is poised to soon become the epicenter of the “Capital of Quantum.” Its robust infrastructure and supportive ecosystem nurture start-ups that are laser focused on cutting-edge innovation. The highly educated and diverse workforce available, alongside local and state incentives, can choose from a variety of privately-owned incubators and four county-run Business Innovation Centers that offer entrepreneurs access to vital resources, mentorship, and networking opportunities.

The Montgomery County Economic Development Corporation, the County’s official economic development agency, is a nonprofit public-private partnership that works in tandem with local and state government, academia, and community partners to attract, retain and expand businesses within key target sectors. Visit thinkmoco.com to learn more.

MONTGOMERY COUNTY, MARYLAND

Where Talent Shapes the Future

Near the Nation’s Capital Top Talent Defines What Is Next..

With 4,500+ satellite and advanced communications professionals across 121 companies, Montgomery County, Maryland is where the world's brightest minds choose to innovate.

THINKMOCO.COM | DECEMBER/JANUARY bxjmag.com 2026 |County.

BXJ | The Montgomery County Economic Development Corporation operates as a 501(c)(3) nonprofit public-private partnership funded by Montgomery

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INNOVATIONS & STRATEGIES

IT MANAGEMENT

IT Management Undergoing Big – But Slow - Transformation BY: DAVID HODES

Transitioning to a fully digital experience and becoming stewards of better usage of data are two of the new challenges facing IT managers

10 | BXJ | DECEMBER/JANUARY 2026 | bxjmag.com

M

anaging how, when and why information technology is collected and used within any company has become a game of keeping up with cultural trends and monitoring new technology developments that can often occur in a matter of months. The driving force today: Artificial intelligence (AI).

.........................................................................................................

There has been a profound change within the handling and use of IT in most corporations with the goal of accessing and using more AI. According to a report by Forrester Consulting, there is a growing interest in using AI to mitigate content management complexity, support knowledge work, and drive new value.

The report by Forrester revealed that 64% of decision makers report their organization has “significantly” or “completely” transformed its content management approach because of AI, a 21% increase since 2019. Additionally, 74% expect AI to have a large to significant impact on their ability to meet their priority content management objectives, up from 65% 12 months ago.

Additionally, according to the report, most are using, piloting, or planning to leverage AI in the near term with their enterprise content across a wide range of use cases.

not be dissuaded. Instead, they must advance boldly today to avoid becoming uncompetitive tomorrow. The history of major economic and technological shifts shows that such moments can define the rise and fall of companies.”

The McKinsey research found that business leaders must have a better understanding of their workforce when it comes to AI and IT developments.

For example, Millennials are the most active generation of AI users. Some 62% of 35-44 year old employees report high levels of expertise with AI, compared to 50% of 18-24 year old Gen-Zers and 22% of Baby Boomers over 65.

Many Millennials are managers and team leaders in their companies now, making them natural champions of transitioning to AI.

ALIGNING BUSINESS OBJECTIVES WITH TECHNOLOGY SHIFTS

THE IT MANAGER CHALLENGE But there continues to be a disconnect between the promise of AI and the development within corporations to use all of its power.

McKinsey and Company research found that the long-term AI opportunity to be $4.4 trillion in added productivity growth potential.

But the problem is that IT managers see short-term returns that are unclear.

Over the next three years, according to the McKinsey research, 92% of companies plan to increase their AI investments. But while nearly all companies are investing in AI, only 1 percent of leaders call their companies “mature” on the deployment spectrum, meaning that AI is not fully integrated into workflows to drive substantial business outcomes. “The big question is how business leaders can deploy capital and steer their organizations closer to AI maturity,” the report concludes. “AI could drive enormous positive and disruptive change. This transformation will take some time, but leaders must

“There’s been quite a few shifts,” Alan Thorogood told BXJ. Thorogood works with the Center for Information Systems Research at Massachusetts Institute of Technology, researching the IT operating model of the future. “One of them has been that the business units have become more IT literate over time.”

One CIO described how she used to have 100 people doing reports, he said. The business units would come along and say they wanted a new report. “They don’t do that anymore, because the business units have got their own reporting capabilities now. So the CIO still has as many people in that area, but they’re now looking after data. They’re making sure that the data platform, the reporting platform, is there so that the business units can start doing their own reporting. But with AI, what’s happening is that many of the business units are chomping at the bit to get on with applying AI, and they’re becoming quite competent at software development in that way. They become more able to do things. One of the factors that’s changing IT management and organizations is how to manage that as an IT function.”

Thorogood said he has seen what’s called “shadow IT” being developed within corporations, where business units create their own IT off on the side. “It’s fine to some degree. But you’re duplicating your costs, and you are lacking the ability to share data across the organization,” he said. “AI is the same sort of problem. You’re getting the business units that are using their own different versions of AI, and the data is not being shared. The data is, of course, now much more important, because the AI is using that data to make decisions. So if the data is not in good shape, you’re getting bad decisions.”

He said that IT managers today are wanting their workforce to learn about these techniques and technologies, and they’re doing that by enabling things like generative AI, which is allowing them to use AI and become familiar with it. “The challenge is that there’s no clearly identifiable positive cash flow coming out of it,” he said.

“We’re getting what I call shades of improvement in productivity. I bxjmag.com

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INNOVATIONS & STRATEGIES

IT MANAGEMENT

may save 10 minutes a day because my PowerPoint slides can be created faster with generative AI. Show that to the CFO and they’re going to ask where’s the cash flow? Where’s the business benefit of this?”

THE DIGITAL TRANSFORMATION There are four explosions that happen in the digital transformation, Thorogood said, and those explosions can derail management capabilities.

The first one that all transformations experience is a change in decision rights, he said. “You need to change who’s making which decisions,” Thorogood said. “You’re asking managers to give up some of their experience and the authority they had and take on new ones.

So that’s a very difficult change.”

The second one is adopting a platform mindset to thinking about more than just the technology, he said. “It used to be you think about a system, but now you’ve also got to think about the processes and the people that are managing the outcomes, and manage the whole thing rather than just one thing.”

It’s definitely a business capability as much as a technology capability, he said. “What we’re finding is that there is this blurring of the lines between business and technology that is really quite significant. And often these people are actually not business people

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who become technology capable. It’s the other way around. You find CIOs who ended up running parts of the business operations, and learn that way. So you end up with someone who can learn both business and technology issues, and in that way, they can do more than a team of two people, one being tech and one being business,”

THE PROMISE OF BETTER CONTENT MANAGEMENT The Forrester report found that decision-makers believe strong content intelligence capabilities would lead to several benefits, including an improved ability to boost data quality (58%), accelerate decision-making (55%), and deliver superior employee (50%) and customer (46%) experiences.

One of the bigger benefits is that content intelligence would improve the ability to innovate their products and services (61%).

Report respondents speak of using content intelligence in a variety of innovative ways that enable their organizations to be more responsive, efficient, and aligned with customer and business needs.

The problem is that only 33% of decision-makers say their company is already competent at analyzing extracted data and information for insight, but only 9% have acted on those insights to drive transformation and impact, according to the Forrester report.

“Most of the content intelligence opportunity still awaits those willing to harness it.”

Today, with the advent of distributed systems, cloud-native architectures, microservices, and mobile computing, the operational landscape has become increasingly dynamic, complex, and fast-paced. “Today’s IT teams must support near-continuous availability while handling critical business services that need frequent updates, real-time responsiveness, and seamless scalability,” according to an operations white paper by AAC, an IT service management provider based in Vienna, Virginia.

THE STEWARDSHIP OF AI/IT Another white paper, this time by the Information Technology Infrastructure Library (ITIL) managed through London-based PeopleCert, reminds the IT manager that AI is no longer a peripheral technology but an active participant in decision-making, service delivery, and organizational transformation. “While the opportunities of AI are immense, so too are the risks – ranging from ethical and compliance challenges to systemic failures that can undermine trust, reputation, and value creation,” according to the ITIL white paper.

The white paper also found that effective AI governance is not an optional add-on, but a core capability of corporate governance that

requires more than technical “guardrails” or isolated compliance exercises. “Governance must extend across four interdependent perspectives (decision authority and risk management, ethical principles, data governance, and regulatory compliance) while also being responsive to context, culture, and human impact.”

The white paper also found that by stress-testing current governance, defining new requirements, and embedding stewardship principles, organizations can adapt governance frameworks to keep pace with AI’s speed, scale, and complexity. “Crucially, this evolution must be dynamic, recognizing that AI systems learn and change, and so governance must also operate in cycles of continual monitoring, feedback, and improvement. AI governance is not simply about preventing harm; it is about enabling responsible innovation, creating trust, and aligning machine intelligence with human values.”

Success will depend on organizational readiness, cultural maturity, and inclusive participation, according to the ITIL white paper. “The path forward is clear: govern AI not as a tool to be restrained, but as a partner to be stewarded. This mindset enables organizations to capture the benefits of AI while safeguarding people, principles, and purpose.” X

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INDUSTRY INSIGHT

FINTECH

Fintechs Finding New Footing, More AI Assistance BY: DAVID HODES

After an initial surge in development, fintechs are digging deeper into customer convenience as AI changes the framework

14 | BXJ | DECEMBER/JANUARY 2026 | bxjmag.com

I

t’s no exaggeration to say that the financial technology (fintech) industry ten years ago was growing exponentially by the month, with more fintech methods for business-to-business banking, insurance, real estate and merchant payments popping up all the time. ...............................................................................................................................

Venture capital funding for fintech startups grew from $19.4 billion in 2015 to $33.3 billion in 2020, according to McKinsey and Company research.

Now the industry is in a period of pausing developments, as shown by the slowing down of fintech venture funding. Funding is down roughly 26% in 2025 compared to 2024, according to S&P Global Market Intelligence, a business research firm, as the current inventory of fintechs circle the wagons adjusting to what is happening globally.

Over the first nine months of 2025, fintechs raised $20.7 billion globally compared to $28 billion raised during the same period last year. “Venture capitalists and strategic investors are likely to remain cautious through the end of the year,” according to the S&P research.

THE DRIVE BY CONSUMERS Consumers want flexibility and convenience when it comes to making payments—a tap to pay, or a withdrawal or deposit using a digital wallet. This convenience is what Generation Z and Millennials demand.

The S&P research reported that 56% of Gen Z and 57% of Millennials—compared with 37% of consumers on average—say they have abandoned a purchase at least once in the past six months because their preferred fintech payment method was not offered at checkout.

Merchants have been responding with being fully onboard with fintech services. Increasing acceptance of alternative payment methods ranks as a top payment initiative that businesses say is most important for their organization, according to a customer experience study by S&P. It’s about access and speed.

“There’s a movement that everyone wants to go faster,” Kunal Datta told BXJ. Datta is the head of product at Unit 21, a global risk and compliance technology company. He is also a former product management at Paymentwall and MasterCard. “No one’s ever going to say that they want their money slower.”

AI AS FINTECH GAME CHANGER

Even with the assist of better collaborations with merchants, some fintech products are still trying to find their marketshare, working with an advantage that older fintechs didn’t have because today’s newer cloud wallets targeting guest checkout — including Bolt, Skipify, Stripe Link, Shop Pay, Click-to-pay, PayPal Fastlane, Paze and more — don’t have to worry about the device and point-of-sale hardware compatibility challenges in years past, according to the S&P research.

Many merchants offer the more established fintech methods, PayPal or Apple Pay. PayPal reportedly had 434 million active users as of December 2024, with 45% share of the global payments market; Apple Pay is available in over 85 countries.

The fintech newcomers are in a race to scale up in 2025 and 2026.

And a few of them have real momentum. Navan (business to business banking) and Ramp (business to business banking) are working with over $1 billion in funding each, according to Forbes. Chime (personal finance) and Stripe (payments) are working with over $2 billion in funding each.

AI has been a game changer as well, Datta said, writing in a blog about the steps business developers should take to make AI part of their fintech activity: Pilot AI using fintech in narrow workflows, question every hire to determine if AI can augment or replace the role, and unify data because fragmented information limits what AI can actually do.

The framework Datta uses in fintech product development is a friction versus frequency concept. “Traditionally in product management, across the board, it doesn’t matter what the industry is, whether it’s fintech or whatever,” Datta said. “The thing that you always look for as a product manager is for the jobs to be done, meaning that the things that people are doing which are high friction (having obstacles to overcome) and high frequency get done,” he said. “If you can solve the friction for a job that happens a lot, that’s much more valuable than solving the friction for the job that doesn’t happen that often.”

What has changed with AI is that rather than solving the friction associated with the job, someone can work in another dimension, which is the frequency of the job itself. “That means you can actually do the job rather than just solving the friction associated with it,” he said.

One example: His company works in fraud detection and prevention, and anti-money laundering (AML). “These are things that are monitored, like transaction monitoring, case management, and regulatory filings,” he said. “I’ll have a rules engine or a machine learning model or something like that to catch the AML activity as it’s happening, or at least as quickly as possible.”

On the fraud side, he said that he will have some case management system with human analysts reviewing the alerts that are coming up, and then making decisions on those alerts to unblock the activities on the fraud side so he can review it and then file something with FinCEN in the U.S. (U.S. Department of the Treasury’s Financial Crimes Enforcement Network) or FINTRAC in Canada (Financial Transactions and Reports Analysis Centre of Canada, which is Canada’s anti-money laundering and terrorist financing intelligence unit). bxjmag.com

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INDUSTRY INSIGHT

FINTECH

Fintech heavyweight PayPal recently launched its physical credit card, PayPal Credit, as an option for in-store purchases.

“A rules engine and case management system solve the friction associated with that,” Datta said. “Rules engine will break it down into stuff that’s worth looking at, so that a human can look at it. Then there’ll be some system with some investigation tooling maybe, like a web app or whatever, right on your screen that you look at. And maybe you look at the connections, you look at the transactions, and you write some stuff up.”

At that point, an AI agent can actually do the investigation. “The alert will pop up as normal. But now, instead of the human doing it, the technology is totally capable of doing that review. No other technology has really been able to do that,” he said. “Now it’s like that nuanced human judgment that we normally pride ourselves on as human beings can actually be done by a different system. The question then is no longer about technical capabilities. The question is now about trust.

Do we trust the AI to actually do that for us? It might be one person that trusts it, and others don’t. Maybe it’s in a process that someone trusts it, and in other processes, they don’t.”

This AI framework is directly applicable to any automation and any software, but especially in financial services. “Consider an alert review.

What goes into an alert review? If I’m a human, I look at transactions that are coming in. I’ll look at whatever data I have available to me, and do some sort of data review element. Then, if I’m an analyst, I’m taking that information and I’m creating some sort of a cohesive story around it.”

He gives the example of a person who brought money into a gambling app, who never actually place any bets and are moving the

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money out immediately. “That’s really interesting because, clearly, they’re not using the product as intended. This is probably just some way to funnel the money around, and make it look like it went through an app. This is most likely some form of money laundering that we’re seeing, especially if the amounts are over some threshold.”

AI can also create those stories of these sort of events, and it can present it in some form known as AI summaries, he said. “But is that good enough? So all the things that the human would do in an alert review can totally be done by AI. The question is, are you willing to do it or not?”

FINTECH TOMORROW This sort of technology adoption continues to accelerate, according to a white paper by the University of Cambridge Centre for Alternative Finance. Most of the fintechs surveyed for the white paper are implementing AI across multiple business domains, mostly in customer service and product automation.

Fintechs have also indicated that AI, regional interoperability, open banking and open finance as the most important topics for them to develop over the next five years.

Other findings from the University of Cambridge white paper include: •

Financial inclusion remains central to the fintech value proposition, with traditionally underserved segments comprising significant portions of customer bases.

•

•

•

Partnerships play a critical role in fintech strategies. Overall, 84% of surveyed fintechs are partnering with incumbent financial institutions, most commonly through application programming interface (API) integrations (52%), technology providers (41%) and funding agreements (36%).

Technology solutions and infrastructure (48%) are noted as the main motivators for collaboration, followed by enhanced credibility and trust (34%) and product and service innovation (34%).

Fintechs are generally satisfied with the regulatory landscape and approaches taken by regulators. In total, 62% of fintechs report that regulation in the regions where they conduct business is adequate for their operations, and 35% cite strong clarity of the regulatory approach.

Notable areas where challenges persist, however, include financial authority knowledge and capacity, coordination of financial authorities, and licensing and registration processes.

THE FINTECHS EFFECT Payments because of fintech have undergone profound transformation, according to findings by the World Bank Group.

Payments have become a stand-alone product, no longer just a supporting function typically offered only by banks as part of a bundle of services. They are now a separate, identifiable service offered by a growing number of providers. And the consumer purchase experience has been totally transformed—in cases such as ride-hailing or meal-ordering apps or “one-click” online ordering—by making the actual payment process “invisible” from the customer’s perspective. X

Apple’s digital ID capability evolved as another service from the Apple Pay fintech wallet development. Photo courtesy Apple

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VIRGINIA:

Photo by STEPHEN POORE on Unsplash

Businesses Leading the Way in Virginia

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irginia has placed in the top 5 states for eight years running. Major investments in education, infrastructure, business friendliness, quality of life, technology and innovation, and access to capital solidified Virginia's No. 4 spot. Virginia moved into the top 10 for the quality of life and technology and innovation categories, landed No. 2 for infrastructure and finished as the No. 1 state for education.

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Virginia’s premier talent base and world-class port, rail, road, and air transportation ecosystem make the Commonwealth an unbeatable business partner. In addition, the Virginia Business Ready Sites Program (VBRSP) has awarded more than $280 million in grants from 2024-25 to accelerate construction and deepen the inventory of shovel-ready sites for employers.

Virginia’s premier talent base makes for a world-class labor pool ready to meet business needs in all key employee profiles.

Across industries, Virginia’s workforce is one of the most educated populations in the country – nearly 42% of the population has a bachelor’s degree or higher, making the Commonwealth the most educated state in the South.

Virginia continues to raise the bar when it comes to talent development. Programs such as the Virginia Talent Accelerator 18 | BXJ | DECEMBER/JANUARY 2026 | bxjmag.com

Program and the Tech Talent Investment Program make sure Virginians are prepared for the jobs of today and the future.

Virginia’s central East Coast location and advanced infrastructure enable companies to get products to market quickly. Strategically located on the U.S. East Coast and adjacent to Washington, D.C., Virginia’s integrated transportation system of highways, railroads, airports, and seaports provide logistical advantages for companies in every industry.

The northernmost right-to-work state on the East Coast, Virginia is consistently ranked as a top state for business in the U.S. Ranked as A Top State for Business by CNBC, Virginia offers the right environment for business success. Since 1972, the Commonwealth has had a stable 6% corporate income tax, lower than the national median of 6.5%. Virginia has also maintained a AAA rating since 1938, longer than any other state.

Key industries in Virginia include Corporate Services; Food & Beverage; Information Technology; Life Sciences; Manufacturing; Offshore Wind; Supply Chain Management; and Unmanned Systems. Here is a look at a few of those.

Coporate Services: Top business process services (BPS) companies choose Virginia for its top talent, nationally recognized business climate, strategic

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TYSONS, VIRGINIA

THE NEW SPACE ECONOMY

LIFTS OFF HERE

EXPANSION

OPPORTUNITIES

location, and world-class infrastructure. BPS is a well-established, expanding sector; over the past decade, more than 25,000 jobs and $500 million in investment were announced in conjunction with nearly 200 BPS projects in Virginia, spanning sectors such as consulting, back-office services, and customer service.

Building on a rich history of federal investments in fiber optics as well as pioneering tax advantages, Virginia hosts the largest data center market in the world and Northern Virginia is home to more than 20% (100) of all known hyperscale data centers worldwide.

The last few decades have solidified Virginia’s position as America’s hometown for corporate headquarters. In just the past ten years, more than 500 companies have relocated to or expanded their headquarters offices in Virginia, attracted to its combination of diverse, world-class talent, exceptional quality of life, stable business climate, and competitive costs.

Food & Beverage: Virginia’s success in food and beverage processing is evidenced by the major global food products companies that have located here and continue to expand in the Commonwealth. Virginia’s accessibility to some of the country’s most populated metro areas makes it a prime location for companies that need to get product to market quickly.

As consumers’ increasing demand for safe, sustainable, locally grown food increases, Virginia provides the ideal home for controlled environment agriculture (CEA) companies. As a top state in the CEA industry, Virginia offers a mid-Atlantic location with strategic access to domestic consumer markets, access to plentiful natural resources and competitively priced electricity, a skilled talent pipeline, and exceptional partners like the Virginia Department of Agriculture and Consumer Services (VDACS).

Information Technology: Virginia has emerged as a national leader in cybersecurity and is at the forefront of talent development in the industry. The Commonwealth of Virginia is uniquely equipped to succeed in this sector, with close proximity to the federal government, unparalleled assets in information technology, and higher education institutions that are training the next generation of cybersecurity professionals.

Building on a rich history of federal investments in fiber optics as well as pioneering tax advantages, Virginia hosts the largest data center market in the world and Northern Virginia is home to more than 20% (100) of all known hyperscale data centers worldwide.

Over the last few decades, the Commonwealth of Virginia has become one of North America’s premier locations for the tech sector. Thousands of tech firms and tech industry leaders have been attracted to Virginia by its combination of diverse, world-class talent, exceptional quality of life, attractive business climate, and competitive costs.

Life Sciences: Top companies in the life sciences industry choose to locate in Virginia - and flourish here - because of the state's top talent, 20 | BXJ | DECEMBER/JANUARY 2026 | bxjmag.com

advanced culture of innovation, outstanding logistical advantages, competitive costs, and top-ranked business climate. Virginia's life sciences sector has gained significant momentum in recent years, with 20 life sciences industry projects announced in just the past three years, representing over 1,400 jobs and $1.2 billion in investment.

Manufacturing: Virginia has a long tradition of advanced materials manufacturing dating back to the early 19th century, when the Commonwealth emerged as a manufacturing leader in the United States. Today, a diverse array of adv anced materials companies continues to locate or expand in Virginia, drawn by its thriving industry base and strong manufacturing culture, outstanding logistical advantages, skilled workforce, competitively priced utilities, and top-ranked business climate.

With a thriving industrial and innovation ecosystem, a topranked business climate, and a highly skilled workforce, Virginia is an outstanding choice for aerospace companies. Top companies that have recently chosen to locate or expand in Virginia include Aery Aviation, Aurora Flight Sciences, Dynamic Aviation Group, MAG Aerospace, Raytheon, and General Dynamics.

For more information on Virginia, please contact the Virginia Economic Development Partnership at 804-545-5600 or visit www.vedp.org .

VIRGINIA: Fairfax County — Drives Aerospace

Growth, Innovation

By Fairfax County Economic Development Authority

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The next frontier of space commercialization is thriving in Fairfax NOVA. Rising start-ups and commercial space giants alike are flocking to the region, with 38 of the Top 100 Global Defense Companies operating out of Fairfax County. And the momentum is only growing – 60 of the county’s 125 aerospace companies have relocated to or expanded in Fairfax in the last three years. With more than 184,000 aerospace and defense-related workers, the region is filled with leaders driving the next chapter of aerospace innovation.

So what entices leading companies such as Northrop Grumman, Booz Allen Hamilton and Peraton to establish their headquarters in Fairfax County? For one thing, being at the doorstep of the nation’s capital provides access to key stakeholders involved with carrying out the nation’s critical space and defense missions. Along with proximity to federal decision-makers, Fairfax County is strategically located near several critical space assets, including the Mid-Atlantic Regional Spaceport at the NASA Wallops Flight Facility in Virginia, NASA headquarters in Washington, D.C., and the NASA Goddard Space Flight Center in Greenbelt, Maryland.

When Aireon expanded its Tysons headquarters in 2019, Chief Financial Officer Rich Nyren cited proximity to downtown Washington, D.C., the Federal Aviation Administration and the region’s airports as reasons for staying in Fairfax County versus choosing to relocate. The decision paid off – by August 2024, Aireon had doubled its revenue and

TRANSLOADING AND LOGISTICS

SKILLED & PROVEN WORKFORCE

SHIPBUILDING & REPAIR

SMART. STRATEGIC. PORTSMOUTH. Anchored by a legacy of shipbuilding and skilled maritime trades, Portsmouth, Virginia connects your business to a world of new opportunity, with easy, immediate access to markets and decades of unmatched technical expertise. It’s a smart, strategic hub for 757.393.8804 any company looking to grow – and power their business forward.

ACCESSPORTSMOUTHVA.COM 757.393.8804 | AccessPortsmouthVA.com

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OPPORTUNITIES

employees since 2018.

Another draw for companies investing and expanding in Fairfax County is being connected to the #1 tech hub in North America.

The region is home to a booming ecosystem of more than 20,000 tech firms, providing ample opportunities for partnerships and collaboration.

As the aerospace sector continues to grow exponentially – the global space economy is expected to triple to $1.8 trillion by 2035 – attracting and retaining talent remains a top priority for businesses of all sizes.

Fairfax County is home to a highly educated talent pool, with more than 64% of residents having a bachelor’s degree or higher, according to the 2022 U.S. Census Bureau. The region boasts the largest number of working-age veterans, a critical part of the country’s defense sector, and more than 60 colleges and universities that grant over 20,000 computer science, math and engineering degrees annually.

Fairfax County leaders frequently engage in partnerships with these higher education institutions, along with K-12 school systems, local businesses and government agencies to build a strong space talent pipeline.

One successful partnership is the Virginia Space Grant Consortium (VSGC), a coalition of five Virginia colleges and universities, NASA, state educational agencies, the Virginia Innovation Partnership Corporation and other institutions. The VSGC conducts cutting-edge aerospace research and leads an array of diverse aerospace education initiatives to ensure that the region and its workers are prepared to lead the country’s aerospace industry into the future.

For more information on why aerospace and defense companies are expanding their footprint in Fairfax County, visit www. fairfaxcountyeda.org.

VIRGINIA: Portsmouth — Maritime Strength, Strategic Growth, and Opportunity at Every Scale

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Few cities on the East Coast can match the maritime and defense depth of Portsmouth, Virginia. Located on the Elizabeth River within the world’s largest natural deep-water harbor and at Mile Marker Zero of the Intracoastal Waterway, Portsmouth has long been a critical hub for shipbuilding, ship repair, logistics, and national defense.

Today, the city is building on that foundation with a district-driven development strategy designed to support large employers, emerging industries, entrepreneurs, and a highly skilled workforce.

A Core Hub for Maritime and Defense Portsmouth’s maritime identity is anchored by the Norfolk Naval Shipyard, the nation’s oldest and one of its most complex naval shipyards. The shipyard supports thousands of skilled workers and a dense ecosystem of contractors specializing in ship repair, engineering, fabrication, logistics, and advanced manufacturing. This concentration of expertise has established Portsmouth as a natural home for maritime services, defense contractors, and port-centric industrial operations.

The city’s proximity to the Port of Virginia, coupled with direct rail

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access and a centralized interstate network, further strengthens its appeal for companies that depend on efficient movement of goods, materials, and people. For maritime and defense firms seeking an East Coast location with proven capacity, Portsmouth offers both operational depth and strategic access.

Three Major Development Initiatives Shaping the Future While maritime and defense remain central, Portsmouth is also investing in targeted development initiatives that expand opportunity across sectors and scales.

Waterfront Redevelopment at Crawford Bay Along the Elizabeth River in Downtown Portsmouth, the City is advancing planning for the Crawford Bay waterfront site, an approximately six-acre property with nearly 500 feet of river frontage. One of the few remaining large-scale waterfront redevelopment opportunities in the region, the site is being studied for a future mixed-use development that could include housing, hotel accommodations, dining, retail, entertainment, and publicly accessible waterfront spaces. Guided by the Downtown Master Plan and Waterfront Strategy, the City is currently refining site studies, engaging stakeholders, and preparing for a competitive developer solicitation process.

The LINC Innovation District Connecting areas along High Street, The LINC Innovation District is designed as a corridor for creativity, entrepreneurship, and small-scale production. The district supports a mix of residential, retail, small business, health-related, and light industrial uses, creating flexible environments where artists, makers, and entrepreneurs can launch and grow. The LINC honors the legacy of Lincolnville, Portsmouth’s first community for freed African Americans, while serving as a modern platform for inclusive economic development and reinvestment.

The Entertainment District Along Victory Boulevard, Portsmouth’s Entertainment District is anchored by Rivers Casino Portsmouth, Virginia’s first permanent casino, which opened in January 2023.

The casino has quickly become a regional draw, offering gaming, dining, live entertainment, and event programming. Momentum continues with the construction of The Landing Hotel Portsmouth, an eight-story hotel adjacent to the casino that is expected to open in early 2027. Together, these investments are helping diversify the city’s economy while supporting tourism, hospitality, and service-sector growth.

A Strong Environment for Small Business Beyond large-scale projects, Portsmouth places strong emphasis on small business as a driver of economic resilience. From creative enterprises within The LINC to local retailers, service providers, and suppliers supporting maritime and defense operations, small businesses play a vital role in the city’s economy. Portsmouth offers a cost-competitive environment, proximity to major employers, and access to regional markets, making it an attractive location for entrepreneurs looking to establish or expand operations.

Workforce and Quality of Life Underlying Portsmouth’s growth is a workforce shaped by

decades of experience in maritime trades, defense, logistics, and industrial operations.

Proximity to military installations, technical training programs, and highereducation institutions supports workforce development across skilled trades, engineering, and advanced manufacturing, providing employers with a reliable pipeline of experienced talent.

At the same time, Portsmouth offers a quality of life that supports attraction and retention. Historic neighborhoods, waterfront access, cultural amenities, festivals, and strong regional connectivity create a living environment that appeals to both established professionals and the next generation of workers.

Built for Expansion As companies reassess where to grow, Portsmouth stands out as a city with proven capability and clear direction. Anchored by maritime and defense, strengthened by targeted district investment, and supported by a skilled workforce, Portsmouth offers the space, access, and momentum businesses need to expand with confidence.

Key industries in Portsmouth include maritime, shipbuilding, defense, transportation and logistics, unmanned systems, advanced manufacturing, and small business.

For more information on opportunities in Portsmouth, Virginia, contact Portsmouth VA Economic Development at 757-393-8804 or visit www.accessportsmouthva.com.

VIRGINIA: Goochland County — A Rising Hub for

Advanced Manufacturing and Strategic Investment

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Goochland County, Virginia is rapidly emerging as one of the Mid-Atlantic’s most compelling locations for advanced manufacturing, logistics, and life sciences.

Long known for its quality of life and proximity to Richmond, Goochland County is now pairing these strengths with substantial infrastructure upgrades, strategic planning, and major capital investment—positioning itself as a serious contender for large-scale corporate projects.

Recent industrial activity has already set a strong foundation. Amazon’s upcoming 3.1-million-square-foot robotics fulfillment center will bring more than 1,000 jobs to the county. Projects such as Crescent Communities’ 335,000-square-foot Axial Rockville development, the activation of the I-64 Industrial Park, and infrastructure investments—including a $91 million redesign of the I-64/Ashland Road interchange into a diverging diamond—illustrate the county’s readiness to support both large logistics operations and small industrial businesses.

Smaller expansions across manufacturing, services, and agritourism reinforce a balanced growth strategy that keeps businesses of all sizes in mind.

The defining milestone in Goochland’s recent trajectory, however, is Eli Lilly and Company’s $5 billion announcement to construct a state-of-the-art biomanufacturing campus in West Creek Business Park.

Unveiled in September 2025, Lilly’s project will create approximately 650 high-wage jobs and 1,800 construction jobs. This facility will produce active pharmaceutical ingredients for drugs that support cancer and autoimmune therapies. The investment signals strong confidence in Goochland’s infrastructure, talent pipeline, and long-term competitiveness.

For site selectors and corporate executives, several advantages stand out: immediate access to I-64 and Route 288; strong coordination between local and state economic-development partners; and a workforce ecosystem strengthened by regional universities and programs aligned with advanced manufacturing and life sciences. Goochland’s 2035 Comprehensive Plan also ensures growth remains deliberate and infrastructure-supported, with only 15% of the county targeted for development.

With growing industrial inventory, proven capacity to support large-scale projects, and a marquee investment from one of the world’s leading life-science companies, Goochland County has moved beyond “emerging market” status. It is now a strategic option for companies seeking operational resilience, talent accessibility, and long-term scalability in the heart of Central Virginia. X

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OKLAHOMA:

Photo by Gerson Repreza on Unsplash

Ripe for Business

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klahoma is free from high costs and red tape, making it the most fertile land for business in America. While they’re grounded in energy and agriculture, They’re also a rising tide in aerospace, manufacturing, tech — and whatever comes next.

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Rich in infrastructure-ready sites, right there in the middle of it all.

Oklahoman operations glide smoothly from raw material to distribution thanks to an interconnected network of air, rail, road, and river and nearly 400 industrial parks.

From top research universities to a poster child technical education program, Oklahoma’s workforce pipeline runs deep. Hefty relocation incentives and skills training beginning as young as kindergarten mean our state fosters the best and most-prepped in the country. It’s why companies like Google and Goodyear trust their growth to Oklahoma talent.

From tax credits to cash rebates, the path to profitability just got a lot clearer. Oklahoma offers one of the most flexible, stackable incentive packages in the country for firms big and small.

You don’t have to choose between life and living when you live in Oklahoma. From championship basketball and bucket list eateries to more shoreline than the Gulf and Atlantic coasts combined, the state is bursting with color, culture, and career opportunities. The lowest cost of living in the country? Now that’s just the cherry on top.

Oklahoma’s industries are diverse, much like its landscape. Here you’ll find the world’s largest Department of Defense Maintenance, Repair and Overhaul (MRO) facility. Head northeast and there’s the world’s largest 24 | BXJ | DECEMBER/JANUARY 2026 | bxjmag.com

commercial airline MRO and Google’s 2nd largest data center. Out west you’ll see wind turbines on the horizon as you head toward Goodyear’s largest tire manufacturing facility. Companies that operate in Oklahoma find success, no matter the industry.

Not only is Oklahoma a right-to-work state with labor costs 25 percent below the national average, but we also offer a variety of business incentives like the Aerospace Industry Engineer Workforce Tax Credit and 21st Century Quality Jobs Program.

Oklahoma is a major force in the aerospace and defense industry, home to the two largest MRO facilities worldwide. As the state’s second largest and fastest-growing industry, it boasts a thriving ecosystem of over 1,100 entities, including manufacturers, MRO providers, research and development institutions, and military installations. This robust network positions Oklahoma at the forefront of aerospace innovation and a vital contributor to national security.

Oklahoma is the premier location for the ever-evolving unmanned systems sector. Key assets and test sites across the state are setting the stage for research and development, manufacturing and more.

With more than three-quarters of the state as farmland, it’s no surprise that agribusiness is big business here. Their farmers and ranchers grow and raise the state’s important commodities, including beef, canola, wheat, cotton, rye and more. But their expertise extends far beyond the fields, into research and development, packaging, food manufacturing and more.

With its low cost of doing business, abundant renewable energy resources and central location providing easy access to the automotive industry in both the Southeast and Midwest, Oklahoma offers a strategic advantage. The state’s inland ports further enhance its connectivity.

Moreover, Oklahoma’s business-friendly climate and openness to all

types of automotive manufacturing make it an attractive destination for automotive companies seeking to expand their operations.

Oklahoma’s biotech companies and public institutes are pioneering research and development in areas such as advanced materials, surfactants development, microscopy, drug-development and healthcare advances.

High-quality workforce, expansive renewable energy options and renowned incentives make Oklahoma a common-sense choice for data centers and back office operations.

Oklahoma’s central location and multi-modal transportation system ensure supplies get in and products reach customers, all at lower costs.

From food processing and aerospace to pipe and plastics, thousands of manufacturing companies have found success operating in Oklahoma.

Oklahoma’s energy expertise extends well beyond traditional energy to geothermal, solar, wind, and direct air capture/carbon sequestration, usage, and storage. They’re leading the way with a diverse energy plan.

It doesn’t get more central than Oklahoma. Their central location and robust transportation infrastructure make the state (and your business) an easily accessible profit center with streamlined connections to more than 92 million people within 500 miles.

OKLAHOMA: Broken Arrow

A Strong Economy, An Innovative Spirit

Broken Arrow is built on innovation. With a long history in manufacturing, their growing community of nearly 300 manufacturing companies and more than 6,000 employees produce products from heat exchangers and flight simulators to medical-grade glass and food manufacturing.

Over 300 Oklahoma-based companies provide parts and services to one of broken Arrow’s top employers, Flight Safety International, supporting the local economy with jobs. The New York based company designs and manufactures full-flight simulators for commercial, government, and military organizations.

Broken Arrow is home to a wide range of healthcare facilities and social services agencies, from full-service hospitals, primary doctors, specialty medicine clinics, nursing homes, home health care services and outpatient surgery centers. The primary hospital is Ascension St. John Broken Arrow, which was recently awarded a five-star rating.

Their growing retail sector not only creates new jobs in the community, but also provides a varied and modern shopping experience for their residents, ranging from downtown boutique shops to luxury shopping destinations.

For more information on the many opportunities in Broken Arrow, please contact the Broken Arrow Economic Development Corporation at 918-893-2100 or email to amber.miller@bachamber.com or visit their website at www.brokenarrowedc.com. X

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Broken Arrow has what your company needs to grow and thrive.

Thanks to a high concentration of higher education and technical training programs, they have a highly skilled workforce ready for jobs in manufacturing, technology, healthcare, and professional services. They can work with your team to identify business incentive programs managed locally or by the state, from retail development to manufacturing site construction.

Named “the most livable small city in America,” the City of Broken Arrow is located in the northeastern corner of Oklahoma, adjacent to the city of Tulsa. Broken Arrow has a residential population of over 119,000, making it the 4th largest city in the state. With over 1 million people within a 40-mile radius, Broken Arrow offers a vibrant city experience that lives as a suburban, family-oriented community. The city is home to a wide range of businesses and industries. In fact, Broken Arrow is ranked third in its concentration of manufacturers in the state, with over 300 companies engaged in that sector.

Broken Arrow partners with local companies, investing in win-win projects that create jobs and develop public infrastructure. The city recently invested over $6 million in a jobs creation package that helped local company Flight Safety International build a new, state-of-theart 375,000 square-foot facility that also included additional public infrastructure.

Broken Arrow offers easy access to transportation and distribution resources such as air service, highways, and port. The city is easily connected to the world via the Tulsa International Airport (TUL), just 20 minutes away with non-stop flights to over a dozen major airport hubs in the U.S., including Atlanta, Chicago, Dallas/Fort Worth, and Los Angeles.

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WYOMING:

Photo by Cora Leach on Unsplash

It's Better In Wyoming

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anked as the nation’s “Most Business-Friendly Tax Climate” since 2013, plus outstanding transportation options, top-ranked broadband connectivity, well-funded public education, safe neighborhoods, and abundant outdoor space and recreation opportunities, Wyoming businesses and people thrive. .............................................................................................

From Governor Mark Gordon: “As Governor of the great state of Wyoming, I want to share a few reasons why our state is such an incredible place for businesses to grow and innovate. Wyoming has long been recognized for its majestic open spaces and outdoor amenities that enhance our quality of life. We are equally proud of the opportunities we provide to businesses seeking a location where they can 30 | BXJ | DECEMBER/JANUARY 2026 | bxjmag.com

thrive. Wyoming consistently ranks among the most businessfriendly states in the nation, offering a competitive tax structure — including no corporate or personal state income tax — and a regulatory environment designed to support and encourage innovation, not hinder it. Whether your enterprise is rooted in energy, advanced manufacturing, technology, outdoor recreation, or some other sector, Wyoming provides the stability and flexibility to help your business succeed. In Wyoming, relationships matter. Local leaders continue to be proactive in enhancing business opportunities, prioritizing infrastructure investments and service improvements that make our communities welcoming to new businesses. One of our greatest strengths is the accessibility of state leaders and policy makers. As Governor, I take pride in maintaining an open-door policy and directly engaging with business leaders, large and small. Here, you won’t find layers of bureaucracy separating you from elected officials; instead, you will find

g in g a r u o c n e y B . s t s la t a W e in v es t in p r o g r es s t h cal lo r fo y it il b ta s e t a e r c e s u s ta in a b le e x pa n s io n , w a d n a , es s es in s u b w e n r fo b u s in es s es , o p p o r t u n it y t io n s . a r e n e g e r u t fu r fo y it r e la n d s c a p e o f p r o s p

L E A R N M O R E AT advancecasper.com/ncmeansbusiness

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a collaborative spirit and a willingness to listen, problemsolve, and partner for mutual success. Our central location in the Mountain West, combined with strong transportation infrastructure and a workforce that’s always committed to getting the job done, allows companies to reach markets across the country. Safe, welcoming communities and an extraordinary quality of life makes Wyoming a place where both businesses and families can thrive. I encourage you to visit our state, meet our people, and see firsthand why so many businesses are choosing Wyoming as their home. I join the Wyoming Business Council in standing ready to assist you in exploring opportunities and answering any questions you may have about relocating or expanding here. Thank you for considering Wyoming. We look forward to welcoming you to our state and working together to build a prosperous future.”

Relocating or starting your business in Wyoming is not just about tax savings—it’s about strategically positioning yourself in an environment where success is inevitable. With a low tax burden, including no corporate or personal state income tax, Wyoming has been identified by the Tax Foundation for well over a decade as having the most business-friendly tax climate in the nation.

Wyoming’s pro-business environment provides the perfect foundation for businesses and entrepreneurs to thrive.

The relocation of well-known brands like Microsoft, Meta, Weatherby, and Kifaru International has shone a spotlight on Wyoming’s business-friendly climate, proving that the state’s communities can successfully support these types of projects. Target industries include Advanced Manufacturing; AG Innovation; Blockchain Technology; Date Centers & IT; Firearms & Outdoor Products; and Nuclear.

Wyoming is home to a diverse range of businesses within the agricultural industry. From beef and lamb producers to local brewers and distillers, our rural communities help these businesses thrive. Innovative tech companies are cropping up across the state and working in close partnership with the University of Wyoming and other stakeholders to prepare the future workforce. With complementary, technology-focused companies in industries such as Controlled Environment Agriculture (CEA), Wyoming is experiencing growth in sectors like robotics, sensors, phenotyping, and plant sciences, among others.

Wyoming has seen a shift within the manufacturing sector in the last couple of years. Businesses such as Weatherby, TBC Manufacturing, Eagle Claw Fishing Tackle, UMC Technology Ltd, Wyld Gear, ISA, S Jennings Racing and more have all relocated or announced future expansions into Wyoming.

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and Kennon. And others like L&H Industrial and McGinley Orthopedics are finding ways to diversify their offerings into new manufacturing sectors such as Aerospace. $1 Billion+ capital investment by Microsoft. Since 2012, the tech giant has expanded at its original location in Cheyenne, WY multiple times and announced plans in 2021 that included two additional campuses spread throughout the community.

These newest facilities use adiabatic cooling, prioritizing the use of less water. With these recent expansions, Microsoft added 250 megawatts of electrical generation just in 2024 to the Cheyenne grid and load-serving substations.

META’S $800M AI-OPTIMIZED HUB TO BREAK GROUND. In July 2024, Meta announced plans to build an $800 million, 715,000 sq. ft. project on over 900 acres at the High Plains Business Park in south Cheyenne. The center will optimize AI performance for Meta’s online products, which include Facebook, Instagram, and Messenger. BLACK HILLS ENERGY POWERS DATA CENTER WITH RELIABLE SOLUTIONS. With over 10 years of successfully serving the energy needs of data centers in the Cheyenne area, Black Hills Energy has become well known for its costeffective energy and mission-critical reliability. The company uses innovative tariffs to support energy demands for their data center customers, including large energy demands that allow them to customize energy resources through a procurement model that protects existing customers from rate impacts.

Wyoming is known as the “Energy State,” and for good reason. Wyoming consistently ranks high in traditional, emerging, and renewable energy sources. In November 2021, TerraPower and PacifiCorp announced the selection of the Naughton Plant in Kemmerer, WY, as the site of the NatriumTM advanced nuclear reactor demonstration project.

For more information on Wyoming and its economic development opportunities, please contact the Wyoming Business Council at 307-777-2800, email info.wbc@wyogov or visit www.wyomingbusiness.org .

WYOMING: CASPER — At the Center Of It All: Why

Casper is a Strategic Hub for Business

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A Community Built for Growth Here in Casper, Wyoming we believe legacy is built through intentional growth while preserving what makes a place feel like home. That’s why our efforts aren’t just about building infrastructure or recruiting businesses. They’re about nurturing the character of our community, diversifying our economy, and intentionally expanding opportunity across Natrona County.

Strategic Location With Regional Reach For growing businesses, location matters. Situated in the heart of the Mountain West, our city serves as a natural hub for companies seeking efficient distribution, workforce mobility, and access to regional markets.

Casper benefits from direct access to the I-25 corridor with convenient links to I-80, enabling efficient movement of goods from Denver to Salt Lake City and beyond. Reliable freight rail service supports bulk shipping for energy, manufacturing, agriculture, and mineral industries. The Casper–Natrona County International Airport extends that reach, offering passenger and cargo flights to major hubs.

“Casper’s central location builds efficiency into operations reducing costs and expanding reach without sacrificing quality of life.”

A Business Climate That Supports Expansion Casper isn’t just about logistics - it offers meaningful financial and regulatory advantages too. Wyoming’s businessfriendly climate, which includes zero corporate and personal income tax, competitive property and sales taxes, and streamlined regulation, keeps overhead manageable and predictions reliable.

As the only designated Foreign Trade Zone in Wyoming, Casper also creates meaningful competitive advantages for importers, manufacturers, and global supply-chain enterprises — including reduced or deferred customs duties and easier pathways into international markets.

Workforce That Meets Industry Needs Business growth depends on people. Through institutions like Casper College and a strong network of career and technical education programs, Casper produces a skilled, adaptive workforce ready to support industries such as: energy, manufacturing, healthcare, and emerging tech.

The city has seen steady growth in professional talent driven by a combination of educational pathways, targeted training, and a lifestyle that attracts leaders and visionaries seeking balance.

Diversifying for Long-Term Stability Casper’s economic landscape has expanded significantly beyond its roots in energy. Today the area is home to: advanced manufacturing, logistics, healthcare, technology startups, and outdoor-recreation-oriented businesses.

A recent example includes Scottsdale Mint, which relocated much of its production to Casper, converting a former downtown facility into a 70,000-plus-square-foot

minting and vaulting operation. The move leveraged Casper’s FTZ designation and strategic location - adding jobs and reinforcing the city’s ability to support specialized manufacturing.

Quality of Life That Retains Talent For businesses thinking about their people, Casper offers a compelling equation. Affordable housing, safe neighborhoods, strong schools, access to healthcare, and immediate outdoor recreation create a clear quality-of-life advantage.

From fly-fishing on the North Platte River and skiing on nearby mountain terrain to indulging in the up-and-coming foodie scene, residents enjoy the work-life balance that strengthens both talent attraction and retention.

A Foundation for What’s Next If your company is evaluating where to locate, expand, or diversify, consider Casper. With strategic location, pro-business climate, developed infrastructure, access to talent, and a vibrant community ready to welcome you home; Casper offers a foundation to thrive.

At Advance Casper, we’re here to help build not just for today, but for generations to come.

WYOMING: Cheyenne — Your Best Life Starts Here .........................................................................................

Nestled in Wyoming’s scenic landscapes, Cheyenne offers a unique blend of Western charm and modern amenities that enrich the quality of life for its residents. With vibrant community events, recreational opportunities, and a robust economy, Cheyenne is an ideal place to live, work, and play.

Cheyenne’s rich heritage is part of its distinct character, shaped by Western values that continue to influence the city today. Events and festivals keep the community spirit alive, with Cheyenne Frontier Days, the world’s largest outdoor rodeo, as one of its premier traditions. This celebration of cowboy culture embodies Wyoming’s “Forever West” motto and is just one example of the city’s commitment to honoring its history.

Cheyenne’s strategic location 90 minutes north of Denver places it within the rapidly developing Front Range Urban Corridor. This allows residents access to the educational, cultural, and job opportunities of Colorado’s Front Range cities, while enjoying Wyoming’s tax-friendly, business-friendly environment.

Major employers like Microsoft, Sierra, and Lowes Distribution Center have established operations here, strengthening Cheyenne’s role within the Mountain Mega-Region and offering residents excellent career opportunities close to home.

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OPPORTUNITIES

Photo by Pete Alexopoulos on Unsplash

Cheyenne’s community continually invests in enhancing residents’ quality of life. The city boasts a well-maintained Greenway trail system with 47 miles of trails, the beautiful Botanic Gardens, and several parks perfect for family activities and relaxation. The historic downtown area is filled with unique shops, restaurants, and cultural sites, adding a vibrant touch to the city’s daily life.

CHEYENNE

WYOMING A great place to

grow your business and love your life.

The #1 most business-friendly tax climate in the US 90 minutes from Denver International Airport Crossroads of I-25 and I-80 An abundance of shovel ready business parks

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With a population of around 65,000, Cheyenne provides urban amenities with a small-town feel. Commuting within the city takes an average of just 14 minutes, making life more convenient and reducing daily stress. Local events like farmers’ markets, arts festivals, and outdoor concerts foster a strong sense of community and bring residents together. Cheyenne’s warm, welcoming culture makes it easy to feel at home, whether you’re a long-time resident or a newcomer.

Another major benefit of living in Cheyenne is its affordability. Wyoming’s favorable tax climate—no state income tax—and the low cost of doing business make Cheyenne an attractive place for professionals, families, and retirees. These financial perks, paired with Cheyenne’s strong infrastructure and services, make the city an appealing option for those looking to settle down.

Leisure and culture are plentiful in Cheyenne. From the symphony and ballet performances to museums, local markets, and national touring shows, the city offers an array of activities that enrich residents’ lives. Parks, weekly festivals, and the popular Greenway trails further add to the quality of life, creating a balance of outdoor and cultural activities that residents cherish.

Ultimately, Cheyenne’s quality of life is about more than just scenery or convenience. It’s about the unique lifestyle the city provides—one where people work hard, enjoy the outdoors, and participate actively in a warm, inviting community. Whether you're drawn by the charm of its Western heritage, the opportunities of a growing economy, or the friendly faces in your neighborhood, Cheyenne welcomes everyone to experience its exceptional way of life. X

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OPPORTUNITIES

ARKANSAS:

Photo by Claud Richmond on Unsplash

When You're In Arkansas, You're In Good Company

W

ith a location halfway between Mexico City and Montreal, Arkansas offers access to a market of 100 million people within a 550-mile radius of the state – about 40 percent of the total U.S. population. Arkansas’ transportation network is ideally suited to meet the needs of business and provides easy access to U.S. markets around the world. Highlights include 1,000 miles of navigable waterways, 2,542 miles of Class I railroads, and 16,418 miles of state and U.S. highways. ......................................................................................

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Strategically located in the middle of the United States, centered between Canada and Mexico.

Arkansas unemployment rate consistently ranks below the national average.

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44 campuses of higher learning result in an educated workforce enriched by long-term training and primed for 21st Century challenges.

Home to four Fortune 500 companies and more than 141 international corporations.

On any given day in Arkansas, they're curating the world's largest private database and operating one of the nation's largest truckload carriers, while commanding the world's dominant retail empire. The more you know Arkansas, the better the opportunity for your business.

Aerospace and aviation represent Arkansas' #1 export and they're home to nearly 170 well-known aerospace and defense companies that include MRO, component parts, completion centers, and defense contractors as well as the Little Rock Air Force Base. The state is also home to the Highland Industrial Park, one of the nation’s fastest growing defense corridor. bxjmag.com

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Arkansas has Tyson Foods, one of the largest food companies in the world, and numerous other food manufacturers, including ConAgra Brands, Frito-Lay, Gerber, Kraft/Heinz, Land O’Frost, Nestlé, Pilgrim’s Pride, Pinnacle Foods, Riceland Foods, and Simmons Foods. Arkansas is the nation’s: #1 producer of rice #2 producer of poultry and eggs #3 producer of catfish (food size) #3 producer of cotton, cotton lint, cottonseed #3 producer of food grains.

The second leading lumber producing state in the South and fourth in the nation, Arkansas has 18.9 million acres of productive timberland. The state’s forests include oak-hickory (39%), pine (33 %), bottomland hardwoods (16 %), oak pine (10%) and cedar (2%).

Arkansas is home to the world’s largest retailer – Walmart – and five other companies on Fortune magazine’s list of the largest 1,000 companies in the United States. Home to corporate leaders in retail, transportation, food processing and oil, our economy is as diverse as our workforce. Arkansas offers great assets to companies looking to establish or relocate a corporate operation.

With its central location and comprehensive transportation infrastructure, it’s not surprising that Arkansas has a large and growing distribution and logistics services sector. Arkansas is home to two transportation/trucking companies on Fortune magazine’s list of the largest 1,000 companies in the United States, based on annual revenue - J.B. Hunt Transport Services, Inc. and ArcBest International, Inc. Arkansas keeps the firearms and ammunition industry in its sights. From manufacturers to businesses involved in sales and distribution, the Arkansas firearms and ammunition industry is diverse. As a pro-second amendment state, Arkansas welcomes firearms and ammunition companies looking to start up, expand, or relocate. Arkansas has the 4th highest economic output in the US in the firearms & ammunitions industry. (NSSF, 2023).

Arkansas is home to accelerator programs in financial technology, life sciences, supply chain and cyber security.

Acxiom, in Conway, is the developer of some of the largest and most sophisticated business analytics and marketing databases in the world employing more than 8,000 Arkansans. Fidelity Information Services, one of the world’s topranked technology providers to the banking industry, also has significant operations in Little Rock, delivering a comprehensive assortment of solutions for a broad range of financial markets.

The metals industry employs 36,632 Arkansans (EOY 2022, DWS) with increases projected in the coming years. In fact, job growth in this high-demand industry has increased in Arkansas by 38% since 2009. Mississippi County is one of the largest steel producing counties in the nation.

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availability of workforce, competitive costs and proximity to several major American markets.

For more information on Arkansas, please contact the Arkansas Economic Development commission at 800-ARKANSAS or visit their website at www.arkansasedc.com .

ARKANSAS: Camden

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The historic town of Camden is located on the Ouachita River in the heart of the Arkansas’ timber basket in South Central Arkansas. Steeped in its heritage Camden offers plenty of exciting opportunities for the history buff or outdoor enthusiast. From their historic national registry properties including the McCollum Chidester House, to their nearby state parks-White Oak Lake and Poison Spring, Camden has plenty to see and do. Rich in Civil War history because of the Battle of Poison Spring, Camden also is home to one of the few remaining historic Freedman Bureau offices in existence.

Hunting and fishing are favorite pastimes in their area. If you prefer-take in a round of golf, a tennis match or simply a walk or bike ride on “The Trace”.

Their community offers some of the best restaurant possibilities in South Arkansas, from upscale dining at the Postmasters Grill, a restored historic post office, to Native Dog Brewing, a locally owned brew pub with a view of the Ouachita River.

Volunteers enjoy working with their local festivals which include the annual Daffodil festival, Hot Air Balloon Festival and Craft Fair and First Fridays downtown street festival.

The South Arkansas Intermodal Park in Camden is the regional distribution hub for South Arkansas. Intermodal facilities include: warehousing, land leasing, and rail interchange with two Class I Railroads-the BNSF Railway and Union Pacific Railroad. The Camden & Southern Railroad is the onsite shortline railroad providing loading/unloading services and railcar switching in the park.

Camden is proud of its Aerospace & Defense industry base which touts notable industries such as: Lockheed Martin, Aerojet Rocketdyne, General Dynamics, and Raytheon.

SAU Tech provides two-year associate degrees and partners with local industry on workforce training.

Ouachita County Medical Center offers excellent health care for their residents with a heart Cath lab, chemical dependency unit, ICU and ER in a setting recognized as one of Arkansas safest hospital X

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MONTANA:

Photo by Christopher Zarriello on Unsplash

Where Ideas Grow Into Opportunities

M

ontana is where ideas grow into opportunities.

Their spectacular nature and unparalleled access to public lands make for a one-of-a-kind backdrop to build and grow your business. The state provides confidential, streamlined business development consulting to support you during all phases of your corporate expansion/relocation project. ...................................................................................................

Montana’s skilled and educated workforce is one of the state’s greatest assets. Many state government programs help build on this strong foundation in areas of apprenticeship, worker training, and much more.

Montana ranks high in quality of infrastructure: from short average commutes to larger-scale transportation logistics. There are 15 commercial airports, 3 foreign trade zones, and more than 3,300 miles of rain infrastructure.

Montana consistently ranks as a state where business can thrive, thanks to pro-business state tax policies, competitive cost of doing business, and streamlined regulatory environment. There is no

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sales tax and the government and economic development leaders work together to ensure that the business climate remains favorable to companies of all sizes, including some of the nation’s leading corporations.

You probably know Montana as a scenic wonderland drawing nature-lovers and recreation enthusiasts to its majestic peaks and wide-open spaces throughout the year. What you may not know is the Big Sky State is also the most entrepreneurial place per capita in the country, according to the Kauffman Index of Entrepreneurship, with 540 residents for every 100,000 starting a business each month, nearly twice the national average. Also,there’s no traffic.

Montana is the 4th largest state by area, but the 43rd in population. Only Alaska and Wyoming have fewer people per square mile. (Thus, no traffic.) But what there is is so much more.

Home to 9 National Park Service Areas, including Glacier National Park, Yellowstone National Park, and Little Bighorn Battlefield National Monument, plus another 55 state parks, Montana boasts more than 147,000 square miles of spectacular unspoiled nature, 57,000 square miles of public land, and nearly 11,000 square miles dedicated to gaming. There are also over 400 miles of rivers and streams designated as blue-ribbon trout waters. And lots of skiing, even in the summer.

Other important business sectors include agriculture, timber, mining, healthcare, and high-tech, which is coming on particularly strong of late. According to the Montana High Tech Business Alliance, the state’s technology sector is growing at seven times the rate of the state’s overall economy, which itself has consistently out-performed the national economy over the past ten years. The tech sector in Montana now generates more than $1 billion in annual revenue.

Montana’s evolving workforce benefits from a stellar education system, which boasts one of the highest graduation rates in the country and a strong culture of cooperation between educators and employers to meet the needs of the state’s 21st Century economy.

For more information, please call the Montana Department of Commerce at 406-4310609 or visit www.choosemontana.com .

Development team is to help retain existing jobs in Montana, promote business expansion and recruit new businesses to the state. The economic development employees assist site selection consultants, economic development agencies, government agencies, existing businesses and potential new businesses. They are actively involved in economic development initiatives at the local, state, regional and

national levels. They can answer questions about utility rates, availability of utility distribution and transmission services, utility operations, power reliability, energy supply, and energy efficiency programs. X For more information on NorthWestern Energy please call (888) 467-2669 or visit their website at www.northwesternenergy.com

NorthWestern Energy

Economic vitality is crucial to Montana’s future, and for many years, NorthWestern Energy has held a strong commitment to the communities it serves. Community Works encompasses NorthWestern Energy’s tradition of funding community activities, charitable efforts and economic development within its service territory. In 2025, NorthWestern Energy’s Community Works programs provided nearly $2 million in funds for community sponsorships, charitable contributions and economic development organizations in its service territory. NorthWestern Energy is committed to serving as a meaningful and dedicated contributor to the economic development process, and they see their role as “energizing Montana’s economy.”

Their emphasis is on “Building Montana’s Future,” and the mission of the Economic

Powering Montana’s Business Community NorthWestern Energy is proud to have a rich heritage of providing utility services that contribute to the growth and economic prosperity in our communities.

The mission of our Economic Development team is to help retain existing jobs, promote business expansion, and recruit new businesses in the communities we serve. We are your partner in growth, development and success. To find out how NorthWestern Energy can assist your business, visit our website or call us at (888) 467-2669.

Connect With Us:

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INDUSTRY N E W S PHARMACEUTICAL GIANT LILLY PLANS $6 BILLION ADVANCED MANUFACTURING PLANT IN HUNTSVILLE, ALABAMA HUNTSVILLE, AL — Eli Lilly and Company plans to invest more than $6 billion in a new advanced manufacturing operation in Huntsville, where it will produce next-generation medicines, Gov. Kay Ivey announced today.

The global pharmaceutical giant also will bring 450 jobs to the region, including engineers, scientists, operations personnel and lab technicians.

The Huntsville site will be a synthetic medicine active pharmaceutical ingredient facility, the third of four new U.S. sites Lilly plans to announce, and will produce small molecule synthetic and peptide medicines.

It will be among those that will manufacture orforglipron, Lilly’s first oral, small molecule GLP-1 receptor agonist, which the company expects to submit to global regulatory agencies for obesity by the end of this year.

“Huntsville and our entire state have a proven legacy of innovation, and there is no better home for Lilly than right here in Alabama. Our roots in the biosciences industry run deep, and Alabama’s contributions to this burgeoning sector continue,” Gov. Ivey said. “We are proud to welcome Lilly’s new U.S. manufacturing facility, which we are thrilled is the largest initial investment in our state’s history.”

“No doubt, Alabamians will help Lilly do things that have never been done before, and we will ensure this great company achieves their mission of improving the health and wellbeing of people all around the country and globe.”

Construction is set to begin in 2026, with completion slated in 2032. In addition to the permanent positions at the facility, the construction phase is expected to generate 3,000 jobs.

“Huntsville’s track record of science and innovation, supported by advanced manufacturing expertise and a skilled workforce, makes Alabama an ideal location for Lilly to expand domestic manufacturing capacity for next-generation medicines,” said David A. Ricks, Lilly chair and CEO. “Today’s investment continues the onshoring of active pharmaceutical ingredient production, strengthening supply chain resilience and reliable access to medicines for patients in the U.S.” Based in Indianapolis, Lilly has operations in more than 110 countries and 40,000 employees spanning the globe. The company is a leader in treatments involving diabetes, obesity, oncology, immunology and neuroscience and is seeking to bolster its capacity for active pharmaceutical ingredient production for its highest priority therapies.

At the new Huntsville facility, Lilly plans to use state-of-the-art technologies, including machine learning, AI, digitally integrated monitoring systems and advanced data analytics. Digital automation will be embedded throughout the site to streamline operations and ensure a reliable supply of safe, high-quality medicines.

The site will be part of deepening U.S. expertise in advanced chemical synthesis and setting new standards for sustainable manufacturing, the company said.

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Ellen McNair, Secretary of the Alabama Department of Commerce, said Lilly’s announcement emphasizes the state’s reputation as a global leader in biotechnology.

“The competition for a manufacturing facility of this magnitude is extremely challenging, and this result shows Alabama’s pro-business climate, outstanding workforce and strong community support is a winning combination,” McNair said.

The annual economic impact of Alabama’s bioscience sector is estimated at $7.3 billion. The state is home to more than 1,800 bioscience enterprises, and more than 15,000 people work in the industry, according to Commerce data.

Huntsville Mayor Tommy Battle said Lilly’s plans represent a tremendous vote of confidence in the city and its workforce.

“Huntsville has long been a place where innovation thrives and hard, ‘impossible’ things get done,” the mayor said. “We’re proud to welcome Lilly to our community and excited to help shape the next era of breakthrough medicine.”

Lilly chose the Greenbrier South site from more than 300 applications, partly based on its proximity to the HudsonAlpha Institute for Biotechnology, an established bioscience campus that supports workforce training and research. Other advantages include ready access to utilities, transportation and favorable zoning and incentives.

The company plans to build a multi-building campus of more than 1 million square feet including manufacturing, logistics, packaging, lab and utilities space. The 260-acre site sits along Interstate 565 near Exit 3.

“Today’s announcement is the result of years of preparation in our life sciences sector with our partners at the city, state, HudsonAlpha, our schools and universities and the community as a whole that has embraced biotech the way we embraced space exploration,” said Lucia Cape, senior vice president of Economic Development & Workforce for the Huntsville/ Madison County Chamber of Commerce. “Huntsville continues to be a smart place for meaningful careers in all of our targeted industries.”

The project will be a boost for Huntsville’s economy. For every dollar Lilly invests, the company estimates up to $4 in additional local economic activity, and the facility’s manufacturing jobs also are expected to generate jobs in sectors including logistics, retail and supply chain.

GOV. KEMP: VIRGINIA TRANSFORMER TO CREATE 400 JOBS IN EFFINGHAM, GEORGIA EXPANSION

“I’m proud to join Governor Brian Kemp and leaders across Southeast Georgia in applauding Virginia Transformer’s expansion in Effingham County.

This investment comes at a critical moment as our region continues to face the fallout of recent mill closures and the loss of good-paying jobs,” said Speaker Jon Burns. “We are grateful for Virginia Transformer’s commitment to expanding their presence here in Georgia, and we look forward to welcoming the new job opportunities this project will create for the citizens of Effingham County.”

“Virginia Transformer is the largest U.S.-owned producer of power transformers in North America, and we’ve been able to grow by focusing on delivering for customers,” said Prabhat Jain, Virginia Transformer CEO. “We are known throughout the industry for being an engineering company that makes power transformers with the shortest lead times. This additional investment for our customers will further underscore that position. And, we plan to continue to grow to serve our customers.”

The Georgia Transformer production facility is located at 2789 GA-21 in Effingham County. Construction on the expansion is expected to begin in January 2026. Applications for positions in operations, maintenance, and assembly are being accepted now at Rincon Jobs on Indeed.com To learn more, visit www.vatransformer.com.

BIOTOUCH ADDING 480 JOBS IN COLUMBUS, GEORGIA

healthcare organizations and laboratories around the world.

The company’s Columbus operations specialize in manufacturing kits for medical testing and sample collection. Across its two facilities in Muscogee County, BioTouch currently employs approximately 390 team members.

“BioTouch has been proud to call Columbus home since 2005, and our commitment to this community remains strong. Expanding in Columbus has been a pivotal chapter in our growth story,” said Rob Coyle, CEO of BioTouch.

“The city’s skilled workforce, business-friendly environment, and strategic logistics network have enabled us to scale faster and serve our customers more efficiently. Columbus isn’t just where we operate – it’s where we fulfill our purpose: To touch lives and improve outcomes.”

BioTouch’s facilities are located at Corporate Ridge Business Park and Columbus East Industrial Park. Construction on and hiring for the expansion is currently underway, with full operations expected by 2028. Interested applicants can learn more and apply at biotouchglobaljobs.com.

STRYKER EXPANDS IN UTAH, STRENGTHENING THE STATE’S LIFE SCIENCES SECTOR

expansion reflects the depth of talent in our state and the strength of an industry that creates high-paying jobs while advancing technologies that improve care for people across the world.”

“We are proud to have been part of Salt Lake City for almost 25 years,” said Jim Marucci, president of Stryker’s Neurovascular division. “By expanding our presence in Utah, we’re supporting the creation of more jobs and driving innovation that improves patient outcomes in the U.S. and around the world. We’re pleased to continue our partnership with the Utah Governor’s Office of Economic Opportunity, which has been instrumental in supporting our growth and impact here.”

Recognized for its strong talent and culture, Stryker has consistently been ranked among the World’s Best Workplaces. Its Salt Lake City location houses advanced manufacturing, a state-of-the-art surgeon training center, and a hands-on bioskills lab. It is also home to many of the company’s neurovascular team members, who are advancing stroke therapy devices in collaboration with healthcare professionals to improve patient outcomes.

EFFINGHAM COUNTY, GA — Governor Brian P. Kemp announced that Virginia Transformer Corp. will invest $40 million to expand its existing manufacturing facility near Rincon Georgia, creating over 400 new jobs in Effingham County. The Rincon facility operates as Georgia Transformer.

“Along with state and local leaders in the coastal region, we’re proud to celebrate this major expansion and Virginia Transformer’s decision to double down on Georgia,” said Governor Brian Kemp. “This is just the latest testament to the impact of our partnership approach, and I want to congratulate Virginia Transformer on this exciting announcement. We look forward to the impact their decision will have on the Rincon and Effingham County communities.”

The Georgia Transformer facility in Rincon specializes in manufacturing custom-designed large power transformers for a wide range of industries, including utilities, data centers, and renewable energy sectors, among others.

The state-of-the-art, 250,000-square-foot facility produces transformers ranging from 30 MegaVolt-Amperes (MVA) to 500 MVA at up to 525 kilovolts.

This is the latest in a series of expansion investments at this facility since it became part of the company in 2015.

ATLANTA, GA — Governor Brian P. Kemp announced that BioTouch, a global healthcare logistics company, will invest $12.5 million to expand two existing facilities in Columbus, creating a combined 480 new jobs in Muscogee County over the next four years.

“BioTouch’s decision to double down on Georgia underscores how our approach to economic development is bringing opportunity to all parts of the state,” said Governor Brian Kemp. “I want to congratulate Muscogee County and the entire region on this exciting announcement and the jobs it will bring to this growing community.”

BioTouch is a single-source, global provider of healthcare kitting and logistics solutions. Its offerings include custom healthcare kitting, specialty courier services, printing and promotional solutions, end-to-end technology platforms, and advanced temperature-controlled logistics – supporting

SALT LAKE CITY, UT — The Utah Governor’s Office of Economic Opportunity (GOEO) awarded Stryker, a global leader in medical technology, a post-performance tax reduction for its expansion in Salt Lake County.

The corporate incentive is part of the state’s Economic Development Tax Increment Financing (EDTIF) program. Under the agreement, Stryker projects it will add 862 new high-paying jobs and invest $615,600,000 in Utah during the next 20 years.

Since expanding its presence at the Salt Lake City site with GOEO’s support in 2017, Stryker has created hundreds of high-quality jobs, helped grow Utah’s economy, and built a thriving local team. Utah’s strong talent pool and innovation-friendly environment make it the ideal location for Stryker to continue advancing technologies that improve and save lives while strengthening communities.

“Life sciences are a critical engine for Utah’s economy and the health of our communities,” said Jefferson Moss, executive director of GOEO. “Stryker’s

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INDUSTRY N E W S LEE LI TO INVEST $533 MILLION TO EXPAND FARM-TO-TABLE BEVERAGE MANUFACTURING IN ONTARIO​​​ Invest Ontario welcomes homegrown company’s milestone project that would strengthen Ontario’s agri-processing supply chain MISSISSAUGA, ONTARIO, CANADA — Invest Ontario is proud to support an anticipated expansion of over $533 million in the beverage manufacturing sector that would create 275 new jobs in Mississauga, Ontario.

This over half-billion-dollar investment by Ontario-based First Choice Beverage Inc., Global Beverage and Logistics Centre Inc. and Imperial Chilled Juice Inc. — subsidiaries of Lee Li Holdings — would deliver turnkey co-manufacturing and warehousing solutions for multinational brands and local retailers, strengthening the province’s beverage manufacturing sector and agri-processing supply chain.

As the market for healthy, non-carbonated beverages continues to grow, the company is capturing the strong opportunity driven by shifting consumer preferences. By growing high-tech manufacturing capacity in Mississauga, the expansion would bring more in-demand beverages made, filled and packaged in Ontario faster to consumers across Canada and North America.

“As consumers choose health-forward beverages and wellness concerns increase globally, our over half-billion-dollar investment in advanced manufacturing will ensure this great province is a global manufacturing and technology leader in the over US$200 billion non-carbonated beverage market, which includes juices, iced teas, sports drinks, water and much more,” said John G. Spiteri, Executive VP & CAO, First Choice Beverage Inc. “This new, cutting-edge, high-tech, environmentally sensitive production facility, with a multimillion-dollar investment in advanced manufacturing technology, will catapult Ontario into a leader in the rising global consumer market for low-sugar soft drinks. We are further accelerating consumer choice and global market growth with our Ready-to-Drink beverages, which can replace solid food.”

SPACE INFRASTRUCTURE STARTUP MANTIS SPACE SELECTS ALBUQUERQUE FOR HEADQUARTERS AND MANUFACTURING HUB Mantis Space’s facility will create more than 200 high-wage jobs and generate over $480 million in economic impact

ALBUQUERQUE, NM — Mantis Space, a space and advanced energy startup developing the first power grid in space, announced its selection of Albuquerque, New Mexico, for its headquarters and advanced R&D manufacturing facilities.

Founded in Kennesaw, Georgia, by space industry veterans and backed by venture studio partner Montauk Capital, the company is building orbital infrastructure to deliver power directly to on-orbit assets, such as satellites, habitats, and lunar operations. The announcement comes as the company prepares to fully emerge from stealth early next year.

Orbital infrastructure is expected to support space-economy growth well beyond the $1 trillion mark by the early 2030s and open the door to off-planet data centers and manufacturing, with significant global environmental benefits.

Mantis Space’s planned facilities, projects, and staff are estimated to generate over $480 million in economic impact for the City of Albuquerque and the State of New Mexico over the next decade. The company plans to create more than 200 local high-tech, high-wage jobs, averaging over $180,000 per year, helping attract additional space companies and highly skilled talent to the area.

The company’s selection of Albuquerque followed a highly competitive national search. In exploring options around the U.S., the Mantis Space founding

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The project would expand an existing plant and build a new facility in Mississauga, totaling over 100,000 square feet of new manufacturing capacity with state-of-the-art technology and equipment. This includes integration of AI-enabled production, automated warehousing and sustainable manufacturing practices that would reduce energy use, wastewater and plastic waste by more than 30%.

The new facility would focus on plastic bottle manufacturing for products including tea, coffee, sparkling water and flavored water. It would also introduce a white-label line that produces and bottles beverages for store-brand customers using locally sourced ingredients. The expanded plant, with the addition of latest-generation equipment, would continue to co-pack juices and dairy-alternative products in gable-top cartons.

By sourcing raw materials such as fresh-pressed apple and grape juice from within Ontario, this expansion would support the growth of local farms and agri-processors, while generating downstream benefits for distributors and logistics providers in the province.

Founded in Ontario in 1984, Lee Li began as a premium meat distributor and wholesale business. It has since grown into a diversified enterprise with a footprint spanning food and beverage manufacturing, cold storage, logistics, healthcare, real estate, and mining.

“Ontario is one of the largest food and beverage manufacturing jurisdictions in North America and this investment demonstrates the confidence global companies have in our agri-food sector. This investment is driving innovation, creating jobs and ensuring Ontario remains a top destination for food and beverage manufacturing,” said the Hon. Trevor Jones, Minister of Agriculture, Food and Agribusiness.

As Invest Ontario expands into the agri-processing sector, it is focused on attracting and supporting high-value, technology-driven projects that will build a more resilient supply chain and a stronger, more competitive economy in Ontario.

team evaluated quality of life, access to talent, proximity to potential customers and supply chain, and available economic incentives, with Albuquerque ultimately beating out the competition. The company will receive a $2.5 million LEDA award from the state and $500,000 from the city.

“We’ve been truly impressed by the hospitality, generosity, and hard work to support our decision we’ve experienced with the leadership of the State of New Mexico, the City of Albuquerque, and their respective economic development teams,” said Mantis Space CEO Eric Truitt. “Albuquerque exceeded nearly all our criteria for our highly competitive selection and offered an extremely competitive package that was ultimately the key. We look forward to working together to make New Mexico a national leader in both space and advanced energy innovation.”

New Mexico continues its ascent as a nationally recognized hub for cutting-edge technology and innovation, with high-profile companies like Pacific Fusion and Castelion making recent moves to the land of Enchantment.

“New Mexico is rapidly becoming an anchor for our nation’s most advanced industries, as today’s exciting announcement demonstrates,” said New Mexico Governor Michelle Lujan Grisham. “With our world-class research institutions, unmatched talent, and growing network of innovative companies, our state is literally shaping the future.”

“Albuquerque is once again showing that we’re a center of innovation and future-focused technology,” said Albuquerque Mayor Tim Keller. “Our investments in groundbreaking industries are creating an economy that works for everyone, and Mantis Space is helping lead the way with new high-paying jobs.”

Saronic Technologies Investing $300 Million to Expand Franklin Shipyard, Creating 3,200 Jobs in Louisiana’s Bayou Region

as we scale production of our autonomous vessels. Together, we’re creating high-quality jobs, growing the Gulf Coast’s maritime economy, and building the advanced maritime capabilities our nation needs.”

Saronic established its Louisiana operations with the acquisition of the former Gulf Craft shipyard in Franklin and has since advanced production of its autonomous vessels at the site. In August 2025, the company marked a major milestone with the keel-laying of its first 150-foot vessel, the Marauder, further demonstrating Saronic’s commitment to growth in Louisiana.

“Saronic’s expansion draws on Louisiana’s historic strengths — a world-class maritime workforce, generations of shipbuilders and unmatched technical expertise,” LED Secretary Susan B. Bourgeois said. “This project builds on that proud legacy by integrating new technology and innovation to ensure our state continues leading in the maritime and defense sectors for decades to come.”

Saronic broke ground on the expansion in November 2025 and expects construction to be completed by the end of 2026, with expanded operations beginning in 2027.

To secure the project in Franklin, the state of Louisiana offered Saronic Technologies a competitive incentives package that includes the comprehensive workforce development solutions of LED FastStart. It also included a $2 million performance-based grant and $3 million from the Economic Development Award Program (EDAP) to support facility and infrastructure improvements. The company is also expected to participate in Louisiana’s Quality Jobs Program.

“This project marks a significant step forward for St. Mary Parish and positions our community at the center of the Gulf Coast’s advanced manufacturing economy,” St. Mary Economic Development Director Evan Boudreaux said. “The scale of investment and the quality of jobs Saronic will create will have a generational impact: supporting our families, expanding career pathways for our residents, and reinforcing St. Mary’s position as a competitive destination for advanced industry. This opportunity is proof of Louisiana’s economic development comeback story, and I look forward to what’s next.”

LOUISIANA SECURES ELEMENTUSA’S $850 MILLION INVESTMENT DECISION, ADVANCING U.S. CRITICAL MINERALS SUPPLY CHAIN

its extraction process and guide the design of a future commercial-scale facility.

Since announcing its initial plans in 2021, the company has advanced its technology and development work to support domestic critical mineral production. Over the past several years, ElementUSA has refined its proprietary extraction process and evaluated the site’s bauxite residue resources, laying the groundwork for this next phase of investment.

“ElementUSA’s investment decision is another clear sign that Louisiana’s strategy is working,” LED Secretary Susan B. Bourgeois said.

“By strengthening our competitiveness, aligning agencies through a whole-of-government model, and listening directly to companies, we’ve built the conditions that turn interest into investment. This project brings high-quality jobs, new industry capabilities and long-term advantages for Louisiana and the U.S.” Construction of the demonstration facility in St. James Parish is expected to begin in mid-2027, with initial production targeted for the third quarter of 2028.

FRANKLIN, LA. —Saronic Technologies, Inc. is expanding operations in St. Mary Parish to increase production capacity at its autonomous surface vessels shipyard. The $300 million investment will strengthen Louisiana’s advanced manufacturing base and create new opportunities for skilled workers in one of the state’s most historic maritime communities.

The company is expected to create 1,500 direct new jobs with an average annual salary of $87,936 at full employment, which is 46% above the average St. Mary Parish wage. When Saronic acquired the shipyard in April, it retained the existing workforce of 35 employees and has since grown to more than 100. Louisiana Economic Development estimates the project will result in an additional 1,770 indirect new jobs, for a total of 3,270 potential new job opportunities in the Bayou Region.

“Saronic Technologies’ decision to invest in Louisiana speaks to the strength of our workforce and the state’s leadership in defense manufacturing,” Governor Jeff Landry said. “Louisiana has long built the ships and technology that keep America strong. This project shows that our people, our ports and our pro-growth policies are creating jobs and securing our state’s place at the forefront of America’s defense economy.”

The expansion will add more than 300,000 square feet to the company’s shipyard in Franklin, including construction of three new slips, a larger warehouse and a new production line dedicated to large-vessel assembly. These additions will expand Saronic’s shipbuilding capabilities and help meet rising demand for autonomous vessels in the defense and commercial sectors.

“Saronic’s shipyard expansion in Franklin represents a major step forward for American shipbuilding, and we’re proud to deepen our roots here in Louisiana,” Co-Founder and CEO of Saronic Dino Mavrookas said. “The strong support we have received from our state and local partners has enabled us to move quickly and confidently

ST. JOHN PARISH, LA — ElementUSA announced a $850 million investment to build a rare earth and critical minerals refining facility in St. John Parish, strengthening the U.S. supply chain for materialsessential to advanced manufacturing, national defense and energy technologies.

The company is expected to create 200 direct new jobs with an average salary of $90,000, which is 28% above the average St. John Parish wage. Louisiana Economic Development estimates the project will result in an additional 554 indirect new jobs, for a total of 754 potential new job opportunities in the Southeast Region.

ElementUSA will use its proprietary processes to extract gallium, scandium, iron and other critical minerals from more than 30 million tons of bauxite residue, the byproduct of the alumina refining process.

Supported by a $29.9 million U.S. Department of War grant, the company will first construct a demonstration facility in St. James Parish to validate

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INDUSTRY N E W S GOVERNOR MOORE AND ASTRAZENECA ANNOUNCE $2 BILLION INVESTMENT TO EXPAND MANUFACTURING IN MARYLAND, SUPPORTING 2,600 JOBS

environmental standards and leverage cutting-edge AI, automation, and data analytics.

“Today marks a landmark moment for Maryland and American patients,” said AstraZeneca Chief Executive Officer Pascal Soriot. “As the state’s largest biopharmaceutical employer, we are deepening our long-standing commitment to Maryland—supporting 2,600 jobs, catalysing economic growth and bringing our extensive rare disease portfolio onshore for the first time. This investment strengthens the resilience of the U.S. medicines supply chain and accelerates access to transformative therapies for patients across America and around the world.”

“AstraZeneca’s choice to deepen its footprint in Montgomery County is a powerful testimony to the strength of our highly educated and diverse workforce, the depth of our innovation ecosystem, and the quality of life that continues to attract and retain world-class companies,” said Montgomery County Executive Marc Elrich. “AstraZeneca represents the kind of partner we value: a multinational leader that understands the importance of talent, innovation, and community. We are proud of its workforce here in the County—proud of the scientists, researchers, engineers, and professionals whose work changes patients’ lives across the world. We are grateful to Governor Moore for his leadership and partnership with AstraZeneca’s to achieve this two billion dollar investment in our state.”

The announcement is part of AstraZeneca’s historic $50 billion investment announced in July and follows a series of U.S. commitments over the past six months, including unveiling a new $300 million cell therapy manufacturing facility in Rockville, which opened in May 2025.

The United States is AstraZeneca’s largest market by sales and is also home to 19 research and development, manufacturing, and commercial sites. The company’s workforce in the United States exceeds more than 25,000 people and supports more than 100,000 jobs overall across the country. In 2025, AstraZeneca created approximately $20 billion of overall value to the American economy.

WEATHERFORD INDUSTRIAL TRUST AND CITY OF WEATHERFORD, OKLAHOMA ANNOUNCE SALE OF 10.72 ACRES IN NORTH PARK TO AMAZON

last-mile delivery, improving delivery times for customers throughout the region and bringing even faster delivery to more rural communities. Construction is expected to begin early in 2026.

The City of Weatherford and the Weatherford Industrial Trust worked closely together to bring this project to fruition, underscoring their shared commitment to economic development and to making Weatherford a destination for business investment.

Amazon’s presence in Oklahoma has generated substantial economic benefits through multiple channels, investing over $7.2 billion in the state since 2010 in infrastructure and employee compensation and contributing $6.8 billion to Oklahoma’s GDP. The company has created 7,500 full- and part-time direct jobs in fulfillment, delivery, and related roles, while supporting an additional 7,000 indirect jobs in industries such as construction, logistics, and professional services through suppliers and partners.

Beyond employment and infrastructure, Amazon has committed to utility-scale renewable energy projects, including solar farms and wind farms that generate local economic activity while supporting clean energy goals.

The company’s platform has also empowered thousands of Oklahoma-based independent sellers who have sold over 9 million items and average $140,000 in annual sales.

The City of Weatherford is a growing community committed to supporting residents, businesses, and visitors through strategic investment, strong public services, and a pro-growth economic development approach. Weatherford prides itself on offering a high quality of life, a skilled workforce, and a welcoming environment

ANNAPOLIS, MD — Governor Wes Moore and AstraZeneca announced plans to invest $2 billion to expand AstraZeneca’s manufacturing footprint in Maryland, representing the largest private capital investment in the state in the last decade. The investment includes a significant expansion of AstraZeneca’s flagship biologics manufacturing facility in Frederick and construction of a new state-ofthe-art clinical manufacturing facility in Gaithersburg—supporting 2,600 jobs.

“AstraZeneca’s significant investment and expansion in Maryland underscores our state’s global leadership in life sciences and biomanufacturing,” said Gov. Moore. “This landmark investment strengthens the U.S. medicine supply chain and accelerates the development of life-saving therapies, while creating hundreds of good-paying jobs for Marylanders. We are proud to partner with AstraZeneca to grow our economy and build new pathways to work, wages, and wealth for all.”

The Frederick facility expansion will nearly double AstraZeneca’s commercial manufacturing capacity and restore their extensive rare disease portfolio within the United States for the first time. The facility will create 200 highly skilled jobs and 900 construction roles and is expected to be operational in 2029. The new clinical manufacturing facility in Gaithersburg, which will be fully operational by 2029, will create an additional 100 jobs, retain 400 roles, and support 1,000 construction-related jobs.

AstraZeneca—who employs more than 5,500 Marylanders through its existing facilities in the state—is investing an estimated $1.81 billion in capital expenditures for the expansion. In partnership with local jurisdictions, the state is supporting the expansion with an approximately 10% investment match of total project costs, anchored by a $116.5 million capital budget commitment over eight years as part of Governor Moore’s strategic economic growth investments. The expanded facility in Frederick and the new facility in Gaithersburg will meet the highest

WEATHERFORD, OK — The Weatherford Industrial Trust, in partnership with the City of Weatherford, announced the sale of 10.72 acres in the Weatherford Industrial Trust North Park to Amazon for the development of a new 30,000-square-foot last-mile delivery station.

The project is expected to bring approximately 100 new jobs to Weatherford and generate a significant economic impact for the community through new employment opportunities, local spending, and long-term investment.

“We are thrilled to welcome Amazon to Weatherford and to our Weatherford Industrial North Park for industrial development,” said Yolanda Creswell, Economic Development Director. “This project represents exactly the kind of high-quality investment we envisioned for this park. It will create jobs for our residents, expand our tax base, and reinforce Weatherford’s position as a business-friendly community.”

This transaction marks the first sale within the Weatherford Industrial Trust North Park, setting a strong precedent for future growth and development in the area.

“Having Amazon as the first company to invest in North Park is a major milestone for our community,” said Creswell. “It sends a clear message to other companies that Weatherford is ready to support new and expanding businesses with the infrastructure, workforce, and collaborative spirit they need to succeed.”

This new facility will drive the final stage of Amazon’s fulfillment process, helping ensure fast, everyday delivery to customers’ doorsteps. Starting at fulfillment and sortation centers, packages will be processed and prepared for

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NORBEC BRINGS ADVANCED MANUFACTURING, AND 70 JOBS TO STRATHROY IN MISSISSAUGA COUNTY, ONTARIO MISSISSAUGA COUNTY, ONTARIO — When Norbec needed room to grow, they didn’t just look for available land. They looked for a partner. The North American leader in insulated metal panels and walk-in cold storage solutions found that partner in Middlesex County. Their new 140,000-square-foot manufacturing facility in Strathroy-Caradoc represents more than a strategic expansion, it’s a $45 million vote of confidence in our region’s ability to support advanced manufacturing at scale.

Since 1982, Norbec has built a reputation across Canada and the United States for precision-engineered cold storage solutions serving food processing, pharmaceutical, and industrial sectors. As demand surged for their custom insulated panels and modular storage systems, the company faced a choice: where to invest in next-generation manufacturing capacity.

“Strathroy-Caradoc was a natural choice for us,” explains Simon Hogervorst, Plant Director at Norbec. “It provided us proximity to larger city centers, like Sarnia and London, with a skilled workforce, with a history of manufacturing industry.” Middlesex County delivered on all three.

The Strathroy site offers direct highway 402 access while maintaining the space and cost advantages that dense urban areas can’t match. Equally important: during construction and commissioning, Norbec found a regional ecosystem ready to support them.

Local trades, suppliers, and municipal staff treated the project as a shared priority; the kind of collaborative environment that turns site selection decisions into long-term commitments.

The new facility houses state-of-the-art panel fabrication equipment designed to increase production speed while maintaining the tight tolerances Norbec’s customers demand. Automated cutting systems, precision welding stations, and quality control technology

enable the plant to produce custom cold storage solutions faster and more efficiently than traditional methods.

The plant also reflects Norbec’s commitment to sustainable manufacturing, energy-efficient systems, waste reduction processes, and workplace safety standards that align with Middlesex County’s vision for responsible industrial growth.

Norbec is currently staffing up to 70 full-time positions across skilled trades, manufacturing, and technical roles: from plant managers to production operators, engineers, and maintenance staff.

The company is also actively partnering with local training programs to develop talent pipelines that will support continued expansion.

For a community like Strathroy, that means more than jobs, it means career paths in advanced manufacturing, opportunities for skilled trades, and the economic multiplier effect that comes when good industrial jobs put down roots.

Norbec isn’t treating this as a finished project. The Strathroy facility was designed with future capacity in mind, and the company sees Middlesex County as a platform for reaching new markets and scaling production as North American demand for cold storage infrastructure continues climbing. That forward-looking mindset is exactly what Middlesex County is building toward: a manufacturing sector where companies don’t just locate here; they invest here, grow here, and build their future.

Norbec’s decision reflects something they’re seeing across sectors: companies with options are choosing Middlesex County because they offer what matters most in today’s competitive landscape. Strategic location, yes, but also collaborative partnerships, realistic costs, available land, and a community that understands manufacturing isn’t just a process; it’s an economic engine.

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2025-2026

INTERNATIONAL DIRECTORY OF

ECONOMIC DEVELOPERS

ALABAMA

CALIFORNIA Tuscaloosa County Economic Development Authority

58 INC.

Amy Sturdivant 1126 County Services Drive Pelham, AL 35124 205-620-6658 asturdivant@58inc.org www.58inc.org .......................................................................

Justice Smyth Executive Director P.O. Box 2667 Tuscaloosa, AL 35403 205-349-1414 info@tcoeda.com www.tcoeda.com .......................................................................

Salt River Project (SRP) Karla Moran P.O. Box 52025 Phoenix, AZ 85072-2025 602-236-2396 Karla.moran@srpnet.com www.powertogrowphx.com .......................................................................

ARIZONA

Greater Irvine Chamber

Laura Perdew 36 Executive Park Suite 100 Irvine, CA 92614 949-502-4122 lperdew@irvinechamber.com www.irvinechamber.com .......................................................................

City of Surprise Cullman Economic Development Agency

Dale Greer P.O. Box 1009 Cullman, AL 35056 256-739-1891 daleg@cullmaneda.org www.cullmaneda.org .......................................................................

Arizona Regional Economic Develoment

Mignonne Hollis Executive Director 750 E. Bartow Drive Suite 16 Sierra Vista, AZ 85635 520-458-6948 hollism@aredf.org www.aredf.org .......................................................................

City of Flagstaff Economic Development

Gadsden-Etowah Industrial Development Authority

David Hooks Executive Director 1 Commerce Square Gadsden, AL 35901 256-543-9423 davidhooks@gadsdenida.org www.gadsdenida.org .......................................................................

Jeff McCormick Economic Development Manager City of Flagstaff 211 W. Aspen Avenue Flagstaff, AZ 86001 Office 928-213-2966 jmccormick@flagstaffaz.gov www.flagstaffaz.gov .......................................................................

Mesa Gateway Airport Authority

Elmore County Economic Development

Cary Cox P.O. Box 117 Wetumka , AL 36092 334-514-5843 cary.cox@elmoreeda.com www.elmoreeda.com .......................................................................

Northwest Alabama EDA

Tom Wisemiller 4020 U.S. Highway 43 Guin, AL 35563 205-468-3213 twisemiller@northwestalabameda.org www.northwestalabamaeda.org .......................................................................

Ryan Smith Director Communications and Government Relations 5835 South Sossaman Road Mesa, Arizona 85212-0919 Office: 480-988-7617 Cell: 480-550-1326 rsmith@gatewayairport.com www.gatewayairport.com......................... ..............................................

Pinal Alliance for Economic Growth

Patti King Executive Mgr. 17235 N. 75th Avenue Suite D-145 Glendale, AZ 85308 520-836-8686 pking@pinalalliance.org www.pinalalliance.org .......................................................................

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Mike Hoover 16000 N Civic Center Plaza Surprise, AZ 85374 623-222-3328 Mike.hoover@surpriseaz.gov www.surpriseaz.gov .......................................................................

ARKANSAS

Ouachita Partnership for Economic Development James Lee Sillman Executive Director 625 Adams Aveune Camden, AR 71701 870-836-2210 870-836-8899 (f) caidcark@yahoo.com www.teamcamden.com .......................................................................

City of Moreno Valley Economic Development

Mike Lee Economic Development Director 14177 Frederick Street Moreno Valley, CA 92553 951-413-3460 mike@moval.org www.morenovalleybusiness.com .......................................................................

City of Ontario Economic Development

Jennifer McLain Hiramoto Economic Development Director 303 East B Street Ontario, CA 91764 909-395-2295 JHiramoto@ontarioca.gov www.ontariothinksbusiness.com .......................................................................

Clarksville Economic Development 205 Walnut Street, Clarksville, AR 72830 479-754-6486 www.clarksvillear.gov .......................................................................

Port of Long Beach

Stephanie Montuya-Morisky 415 W. Ocean Boulevard Long Beach, CA 90802 562-283-7700 stephanie.montuya-morisky@polb.com www.polb.com .......................................................................

COLORADO Mississippi County Economic Development Clif Chitwood 4701 Memorial Drive Blytheville, AR 72315 870-532-6084 clif@cottontosteel.com www.cottontosteel.com .......................................................................

City of Canon City

Rick Harrmann 128 Main Street Canon City, CO 81212 719-276-5279 rlharrmann@canoncity.org www.canoncity.org .......................................................................

2025-2026

INTERNATIONAL DIRECTORY OF

ECONOMIC DEVELOPERS

.......................................................................

City of Fountain Economic Development Commission

Kimberly A. Bailey Economic Development/ Urban Renewal Director 116 S. Main Street Fountain, CO 80817 719-322-2056 kbailey@fountaincolorado.org www.fountaincolorado.org .......................................................................

Grand Junction Economic Partnership

City of Titusville

Nicholas Gow 555 South Washington Avenue Titusville, FL 32796-3584 321-567-3774 economicdevelopment@titusville.com www.YEStitusvilleFL.com .......................................................................

Greater St. Petersburg Area Economic Development Corporation

Curtis Englehart, Executive Director 122 N. 6th Street Grand Junction, CO 81501 970--245-4332 curtis@gjep.org www.gjep.org .......................................................................

J.P. DuBuque President and CEO 100 2nd Ave N Ste 130 St. Petersburg, FL 33701 727-388-2906 jpdubuque@stpeteedc.com StPeteEDC.com/BurgBiz .......................................................................

Town of Berlin

Haines City Economic Development Council, Inc.

CONNECTICUT

Chris Edge, Director 240 Kensington Road Berlin, CT 06037 860-828-7005 cedge@town.berlin.ct.us www.town.berlin.ct.us .......................................................................

DELAWARE

Indian River Chamber of Commerce

Mark Litten Economic Development Director 1216 21st Street Vero Beach, FL 32960 772-567-3491 mark@indianrivered.com www.indianrivered.com .......................................................................

Lake County, Economic Development

Orlando Economic Partnership

Hernando County Office of Economic Development

Osceola County

Dr. Cynthia Johnson, EDFP, Director 13805 58th Street North, Suite 1-200 Clearwater, FL 33760 727-464-7332 cyjohnson@pinellas.gov www.pced.org .......................................................................

PortMiami

Meg Brew, Director 315 W. Main Street Tavares, FL 32778 352-742-3925 megan.brew@lakecountyfl.gov www.businessinlakefl.com .......................................................................

Cyndi Jantomaso, MEDP President/CEO Post Office Box 3845 Haines City, FL 33845-3845 863-422-2525 863-206-0007 cell cyndi@hainescityedc.com www.hainescityedc.com .......................................................................

Pinellas County Economic Development

Destin Wells Senior Vice President, Economic Development 200 S. Orange Avenue, Ste. 200 Orlando, FL 32801 407-902-2420 Destin.Wells@orlando.org InvestOrlando.org .......................................................................

Suzy Trutie 1015 North American Way 2nd Floor Miami, FL 33132 305-347-4962 Suzy.trutie@miamidade.gov www.miamidade.gov .......................................................................

Santa Rosa County EDO

Shannon Ogletree Executive Director 6491 Caroline Street, Suite 4 Milton, FL 32570-4592 850-623-0174 Shannon@santarosa.fl.gov www.santarosaedo.com .......................................................................

Kent Economic Partnership

Linda Parkowski, Executive Director 555 Bay Road Dover, DE 19901 302-678-3057 info@ccede.com www.choosecentraldelaware.com .......................................................................

Wilmington Economic Development Sean J. Park 800 N. French St., 3rd Floor Wilmington, DE 19801 302-576-2128 sjpark@wilmingtonde.gov www.wilmingtonde.gov .......................................................................

FLORIDA Enterprise Florida, Inc.

800 North Magnolia Avenue, Suite 1100 Orlando, FL 32803 407-956-5600 www.enterpriseflorida.com .......................................................................

Valerie M. Pianta, MEDP, Economic Development Director 15800 Flight Path Drive Brooksville, FL 34604 352--540-6400 vpianta@hernandocounty.us www.hernandobusiness.com .......................................................................

Christina Morris, Economic Development Director 1 Courthouse Square, Suite 4400 Kissimmee, FL 34741 407-742-4207 (o) 407-687-8126 (c) christina.morris@osceola.org www.chooseosceola.com www.osceola.org .......................................................................

Holmes County Development Commission

Pasco Economic Development Council

Joe Rone Executive Director 106 E Byrd Avenue Bonifay, FL 32425 850-547-6154 jrone@holmesedc.com www.holmesedc.com

Bill Cronin, President/CEO 16506 Pointe Village Drive, Suite 107 Lutz, FL United State 33558 813-926-0827 bcronin@pascoedc.com www.pascoedc.com .......................................................................

bxjmag.com

City of St. Cloud

Antranette Forbes, Economic Development Direcrector 1300 9th Street St. Cloud, FL 34769 (407)957-7234 antranette.forbes@stcloud.org www.stcloud.org .......................................................................

GEORGIA

City of College Park

Ginger Melton 3667 Main Street College Park, GA 30337 404-305-2052 404-305-2057 (f) gmelton@collegeparkga.com www.collegeparkga.com/ .......................................................................

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INTERNATIONAL DIRECTORY OF

ECONOMIC DEVELOPERS

City of East Point

Maceo Rogers CEcD 2757 East Point Street East Point, GA 30344 404-270-7057 jmrogers@eastpointcity.org www.eastpointcity.org .......................................................................

Forward Forsyth

Alex Warner P.O. Box 1799 Cumming GA 30028 770-887-6461 770-842-1170 awarner@forwardforsyth.org www.forwardforsyth.org .......................................................................

Liberty County Development Authority

Brynn Grant, CEO 425 W. Oglethorpe Highway Hinesville, GA 31313 912-977-4147 brynn.grant@comegrow.global www.comegrow.global .......................................................................

City of Litchfield Ecnomic Development

Breann Vazquez 120 E. Ryder Street Litchfield, IL 62056 217-324-8151 cityadm@cityoflitchfieldil.com www.cityoflitchfieldil.com .......................................................................

Matt Poyner Econmical Devleopment Director 117 Putnam Drive, Eaton, GA 31024 706-816-8099 mpoyner@putnamforward.dev www.putnamforward.dev .......................................................................

Valdosta-Lowndes County Development Authority

Niki Ogletree, President/CEO P.O. Box 5185 Valdosta, GA 31603-1963 229-259-9972 nogletree@buildlowndes.com www.buildlowndes.com .......................................................................

Village of Arlington Heights Business & Economic Development Kim Biederman, Business Development Manager 33 S. Arlington Heights Arlington Heights, IL 60005 847-368-5220 kbiederman@vah.com www.vah.com/business .......................................................................

Ashley Lehman, VP of Business Development 719 S Kansas Ave. Suite 100 Topeka, KS 66603 785-640-4168 Ashley.Lehman@TopekaPartnership.com www.gotopeka.com .......................................................................

INDIANA City of Marshall

Laura Pearce Economic Development Director 201 S. Michigan Ave Marshall, IL 62441 217-826-2034 lpearce@marshall-il.com www.marshall-il.com .......................................................................

City of Vandalia Putnam Development Authority

Go Topeka

Latisha Paslay 431 W. Gallatin St. Vandalia, IL 62471 618-283-1152 618-335-9510 (Mobile) vandaliaed@vandaliaillinois.com www.vandaliaillinois.com .......................................................................

Illinois Economic Development Corp

Christy George,CEO 230 W. Monroe St. Chicago, IL 60606 312-667-6013 christy.george@illinoisedc.org www.illinoisedc.org .......................................................................

Adams County EDC

Colton Bickel 313 W. Jefferson Street, Suite 237 Decatur, IN 46733 260-724-2588 cbickel@adamscountyedc.com www.adamscountyedc.com ......................................................................

Russell County Eco Devo & CVB

Mike Parsons, Director 331 E. Witchita, Russell, KS 67665 785-483-4000 rced2@russellks.net www.russellcountyks.org .......................................................................

Carroll County EDC

Jake Adams, Exec Director P.O. Box 83 Delphi, IN 46923 765-564-2060 jadams@carrollcountyedc.com www.carrollcountyedc.com ......................................................................

Salina Economic Development Organization

D. Mitch Robinson, CEcD 120 West Ash Street Salina, KS 67401 785-404-3131 mrobinson@salinaedo.org www.salinaedo.org .......................................................................

Miami County Economic Development Auth.

Jim Tidd 1525 W. Hoosier Boulevard Peru, IN 46970 765-689-0159 jtidd@miamicountyeda.com www.miamicountyeda.com .......................................................................

KANSAS

Shawnee Economic Development

Ann Smith-Tate, President CEO 15100 W. 67th Street Suite 202 Shawnee, KS 66217-9344 913-631-6545 asmithtate@shawneekschamber.com www.shawnee-edc.com .......................................................................

ILLINOIS Southern Illinois Now Champaign County Economic Development Corporation

Carly McCrory-McKay Executive Director 1817 S. Neil Street, Suite 100 Champaign, IL 61820 217-478-0061 carly@champaigncountyedc.org www.champaigncountyedc.org .......................................................................

Deborah Barnett Executive Director 1239 East Main Carbondale, IL 62902 618-353-0100 director@southernillinoisnow.org www.southernillinoisnow.org .......................................................................

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Dodge City/Ford County Development Corporation

Joann Knight, Executive Director 101 E. Wyatt Earp Blvd.

Dodge City, KS 67801 620-227-9501 620-227-2957 (f) jknight@dodgedev.org www.dodgedev.org .......................................................................

Wyandotte Economic Development Council

Greg Kindle President 727 Minnesota Avenue Kansas City, KS 66101 913-371-3198 gkindle@wyedc.org www.wyedc.org .......................................................................

2025-2026

INTERNATIONAL DIRECTORY OF

ECONOMIC DEVELOPERS

KENTUCKY City of Pikeville

Jill Fraley Dotson, Executive Economic Development Director 243 Main Street Pikeville, KY 41501 606-437-5128 info@whypikeville.com www.whypikeville.com .......................................................................

Be NKY

Kimberly Rossetti VP of Economic Development 300 Buttermilk Pike, Suite 332 Ft. Mitchell, KY 41017 888-874-3365 krossetti@Be-NKY.com www.Be-NKY.com .......................................................................

South Western Kentucky EDC

Carter Hendricks, Executive Director 2800 Fort Campbell Blvd.

Hopkinsville, KY 42240 270-885-1499 chendricks@southwesternky.com www.southwesternky.com .......................................................................

LOUISIANA Louisiana Economic Development

Anya G. Hudnall 1201 N. Third Street, Suite 7-210 Baton Rouge, LA 70802 225-342-5396 Anya.hudnal@la.gov www.la.gov .......................................................................

SWLA Economic Development ALLIANCE

Scott Walker 4310 Ryan Street Lake Charles LA 70605 337-433-3632 swalker@allianceswla.org www.allianceswla.org .......................................................................

MAINE Bangor Community & Economic Development

Anne Krieg 262 Harlow Street Bangor, ME 04401 207-992-4280 anne.krieg@bangormaine.gov www.bangormaine.gov .......................................................................

Town of Richmond Community, Economic, & Business Development Darryl Sterling Director 26 Gardiner Street Richmond, ME 04357-0159 207-737-4305 x 331 207-737-4306 (f) director@richmondmaine.com www.richmondmaine.com .......................................................................

MARYLAND

Calvert County Economic Development

Julie Oberg, Director 205 Main Street Prince Frederick, MD 20678 410-535-4583 julie.oberg@calvertcountymd.gov www.choosecalvert.com .......................................................................

Carroll County Economic Development

Paige Sunderland Director 225 N. Center Street, Ste. 101 Westminster, MD 21157 410-386-2070 psunderland@carrollbiz.org www.carrollbiz.org .......................................................................

Cecil County Economic Development

Sandra Edwards Director 200 Chesapeake Blvd., Ste 2700 Elkton, MD 21921 410-996-8465 sedwards@cecilcountymd.gov www.cecilbusiness.org .......................................................................

Maryland Port Administration.

Richard Scher 401 E. Pratt Street Suite 200 Baltimore, MD 21202 rscher@marylandports.com www.marylandports.com .......................................................................

Dorchester County Economic Development

Susan Banks, Director 104 Tech Park Drive Cambridge, MD 21613 410-228-0155 sbanks@choosedorchester.org www.choosedorchester.org .......................................................................

Economic Development Alliance (EDA) of St. Clair County Dan Casey, CEO 100 McMorran Boulevard 4th Floor, Suite B Port Huron, Michigan 48060 810-982.9511 www.edascc.com stclairhotjobs.com .......................................................................

MINNESOTA Kent County Department of Economic & Tourism Development

Jamie L. Williams, CEcD, Director 400 High Street, 3rd Floor Chestertown MD 21620 410-810-2168 jlwilliams@kentgov.org www.kentcounty.com/business .......................................................................

Montgomery County Economic Development

Laurie Babb 1801 Rockville Pike, Ste. 320 Rockville, MD 20852 240-641-6704 laurie@thinkmoco.com www.thinkmoco.com .......................................................................

Queen Anne’s County Economic Development

Heather Tinelli, Director 425 Piney Narrows Road Chester, MD 21619 410-604-2100 htinelli@qac.org www.choosequeenannes.com .......................................................................

Talbot County Economic Development

MICHIGAN 300 N. Washington Sq. Lansing, Michigan 48913 888-522-0103 www.michiganbusiness.org .......................................................................

bxjmag.com

Tina Goodroad, Director 20195 Holyoke Avenue Lakeville, MN 55044 952-985-4421 tgoodroad@lakevillemn.gov www.lakevillemn.gov .......................................................................

MISSISSIPPI Madison County EDA

Joseph P. Deason, Executive Director 135 Mississippi Parkway Canton, MS 39046 601-605-0368 Jdeason@madisoncountyeda.com www.madisoncountyeda.com .......................................................................

Hinds County EDA

P.O. Box 248 Jackson, MS 39205-0248 601-353-6056 www.selecthinds.com ........................................................................

MISSOURI

Cassandra M. Vanhooser, Director 11 S. Harrison Street Easton, MD 21601 410-770-8000 Cvanhooser@talbgov.org www.talbgov.org .......................................................................

Michigan Economic Development Corporation

City of Lakeville Community & Economic Development

Sikeston Regional Chamber & Economic Development Corp.

Marcie Lawson 128 N. New Madrid Street Sikeston, MO 63801 573-471-2498 marcie.lawson@sikeston.net www.sikeston.net .......................................................................

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2025-2026

INTERNATIONAL DIRECTORY OF

ECONOMIC DEVELOPERS

NEBRASKA

NEW MEXICO

NORTH DAKOTA

Albuquerque Regional Economic Alliance Phelps County Development Corp.

Jeff HoFaker, Executive Director 502 East Avenue, Suite 201 Holdrege, NE 68949 308-995-4148 jeff@phelpscountyne.com www.phelpscountyne.com .......................................................................

NEVADA

Northeastern Nevada Regional Development Authority

Sheldon Mudd, Executive Director 1500 College Pkwy McMullen Hall #103 Elko, NV 89801 775-738-2100 775-738-7978(f) smudd@nnrda.com www.nnrda.com .......................................................................

NEW JERSEY

Choose New Jersey

Chad Matheson, CEcD President 201 Third Street NW, #1900 Albuquerque, NM 87102 505-705-3784 cmatheson@abq.org www.abq.org .......................................................................

EDC of Lea County

Jennifer Grassham, CEO 200 E. Broadway Street Hobbs, NM 88240 573-397-2039 jennifer@edclc.org www.edclc.org .......................................................................

Roswell-Chaves County EDC

Michael Espiritu 220 North Main Roswell, NM 88201 575-622-1975 mespiritu@chavescounty.net www.chavescounty.net .......................................................................

NEW YORK Allegany County Industrial Development Agency

Bill Noonan, Craig Clark, Executive Director Chief Business Development Officer CrossRoads Center 11-43 Raymond Plaza W, Suite 1420 6087 State Route 19N, Suite 100 Newark, NJ 07102 Belmont, NY 14813 609-297-2200 585-268-7472 wnoonan@choosenj.com 800-893-9484 www.choosenj.com clarkcr@alfredstate.edu ....................................................................... www.acida.org .......................................................................

City of Vineland Economic Development

Sandy Forosisky 640 E. Wood Street, Fourth Floor Vineland, NJ 08362 856-794-4100 sforosisky@vinelandcity.org www.business.vinelandcity.org .......................................................................

New Jersey EDA

Pat J. Rose 36 West State Street Trenton, NJ 08625 609-858-6705 prose@njeda.com www.njeda.com .......................................................................

Erie County Redevelopment Authority Bismarck Mandan Chamber EDC

Noah Vroman 1640 Burnt Boat Dr., Bismark, ND 58503 701-223-5660 nvroman@bmcedc.com www.bismarckmandanedc.com .......................................................................

Grand Forks Region Economic Development Corporation

Keith Lund, Pres/CEO 120 N 4th St., Grand Forks, ND 58203 701-746-2722 keithl@grandforks.org www.grandforks.org .......................................................................

OKLAHOMA

Ardmore Development Authority

Andrea Anderson 410 West Main Ardmore, OK 73402 580-223-6162 aanderson@ardmore.org www.ardmoredevelopment.com .......................................................................

Bartlesville Development Authority

Jared Patton, Vice President 201 SW Keeler, Bartlesville, OK 74003 918-337-8086 918-337-0216 (f) jpatton@bdaok.org www.bdaok.org .......................................................................

Broken Arrow Economic Development Corp.

Amber Miller 210 North Main, Suite C Tori J.E. Riley, VP Broken Arrow, OK 74012 517 Broadway #203 918-893-2103 Saratoga Springs, NY 12866 518-587-0945 amber.miller@bachamber.com www.brokenarrowedc.com toririley@saratogaedc.com ....................................................................... www.saratogaedc.com ......................................................................

Saratoga EDC

County of Chautauqua IDA

Jason Sample 201 W. 3rd Street, Suite 115 Jamestown, NY 14701 716-661-8302 samplej@chqgov.com www.choosechq.com .......................................................................

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PENNSYLVANIA

Cleveland County Economic Development Coalition

Lawrence McKinney, CEcD, CCE, IOM President and CEO 425 West Main Street Norman, Oklahoma 73069 P: 405-573-1900 C: 405-881-0456 Lawrence@SelectClevelandCounty.com www.SelectClevelandCounty.com .........................................................................

Tina M. Mengine 1314 Griswold Plaza Erie, PA 16501 814-480-0337 x 101 Tmengine@ecrda.net www.ecrda.net .......................................................................

Horsham Township Economic Development

Larry Burns 1025 Horsham Road Horsham, PA 19044 215-643-3131 x 234 lburns@horsham.org www.horsham.org .......................................................................

Penn’s Northeast

John L. Augustine III 1151 Oak Street Pittston, PA 18640 570-883-0504 jaugustine@pennsnortheast.com www.pennsnortheast.com .......................................................................

RHODE ISLAND

Quonset Development Corporation

Steven J. King, Managing Director 95 Cripe Street North Kingstown, RI 2852 401-295-0044 sking@quonset.com www.quonset.com .......................................................................

SOUTH CAROLINA

Charleston Regional Development Alliance Megan Fink 4401 Belle Oaks Drive, Suite 420 North Charleston, SC 29405 843-760-3351 mfink@crda.org www.crda.org .......................................................................

Lexington County Economic Development

Garrett Dragano, Director 212 South Lake Drive Lexington, SC 29072 803-785-6818 gdragano@lexingtoncounty.sc.gov www.LexingtonCountyUSA.SC.gov .......................................................................

2025-2026

INTERNATIONAL DIRECTORY OF

ECONOMIC DEVELOPERS

South Carolina I-77 Alliance

Christopher Finn 3200 Commerce Drive, Suite D Richburg, SC 29729 803-789-3467 chris.finn@i77alliance.com www.i77alliance.com ........................................................................

City of Lebanon

Sarah Haston Economic Development Director 200 North Castle Heights Ave. Lebanon, TN 37087 615-443-2839 EXT. 2120 Sarah.Haston@lebanontn.org www.lebanontn.org .......................................................................

City Development Corp of El Campo Carolyn Gibson, Executive Director 707 Fahrenthold, P.O. Box 706 El Campo, TX 77437 979-543-6727 979-320-7727 cell cgibson@elcampoeco.org www.elcampoeco.org .......................................................................

Kay Maxwell 1750 Jackson Street, Suite 100 Barnwell, SC 29812 803-541-0023 kmaxwell@southerncarolina.org www.southerncarolina.org .....................................................................

Conroe Economic Development Council

TENNESSEE

Big Spring Economic Development Corporation Teresa Morris 215 W. 3rd Street Big Spring, TX 79720 432-264-6032 info@bigspringtx.com www.bigspringtx.com .......................................................................

Blount Partnership

Bryan Daniels CEcD, CCE, IOM President and CEO 201 S. Washington Street St. Maryville, TN 37804 865-983-2247 865-984-1386 bdaniels@blountpartnership.com www.blountchamber.com .......................................................................

Bristol Tennessee Essential Services April Eads Business Development Manager 2470 Volunteer Parkway Bristol, TN 37620 423-793-5532 423-793-5545 (f) aeads@btes.net www.btes.net/index.php/economic-development .......................................................................

Chattanooga Chamber of Commerce Jeremy Henderson 811 Broad Street, #100 Chattanooga, TN 37402 423-763-4347 jhenderson@chattanoogachamber.com www.chattanoogachamber.com .......................................................................

Bonham Economic Development Corp.

William Myers, Executive Director 514 Chestnut St, Bonham TX 75418 903-640-0717 (O) 940-312-3398 (C) wmyers@cityofbonham.org www.cityofbonham.org/163/BEDCO .......................................................................

Cameron Industrial Foundation

Ginger Watkins, Executive Director 102 E. First Street, Suite A Cameron, TX 76520 254-697-4970 254-482-1119 (c) gwatkins@cameronindustrialfoundation.com www.cameronindustrialfoundation. com .......................................................................

Clyde Economic Development Corp.

Rodger Brown 222 Oak Street Clyde, TX 79510 325-386-4444 rodgerbrown@clyde-tx.gov www.clyde-tx.gov .......................................................................

Orlando Campos, CEO 2424 Boxwood St, Ste 125 Harlingen, TX 78550 956-216-5085 ocampos@harlingenedc.com www.harlingenedc.com .......................................................................

Jacksboro Economic Development Corporation

TEXAS SouthernCarolina Regional Alliance

Harlingen Economic Development Corp.

Laura Lea Palmer, Deputy Director 300 W Davis St, Ste 510 Conroe, TX 77301 USA 936-522-3014 palmer@conroeedc.org www.conroeedc.org .......................................................................

Brenda Tarpley, Executive Director 302 S. Main Street Jacksboro, TX 76458 940-567-3151 btarpley@jacksboroedc.com www.jacksboroedc.com ..................................................................

Laredo Economic Development Corporation

DeSoto Economic Development

Matt Carlson, CEO 211 E. Pleasant Run Road DeSoto, TX 75115 Ph: 972-230-9611 mcarlson@desototexas.gov www.dedc.org .......................................................................

Edinburg Economic Development Corp.

Raudel Garza, Executive Director 3111 W Freddy Gonzalez Drive Edinburg, TX 78539 956-388-8914 raudel@edinburgedc.com www.edinburgedc.com .......................................................................

David A. Stedman, Sr. 302 S. Main Street Laredo, TX 78044 956-722-0563 / (800) 820-0564 info@laredoedc.org www.laredoedc.org .......................................................................

Marble Falls EDC

Christian Fletcher 801 Fourth Street Marble Falls, TX 78654 830-798-7079 cfletcher@marblefallseconomy.com www.marblefallseconomy.com .......................................................................

McKinney Economic Development Corporation Gainesville Economic Development Corp.

311 S. Weaver Street Gainesville, TX 76240 940-665-5241 info@gainesvilletxedc.com www.gainesvilletxedc.com .......................................................................

Michael Kowski, President/CEO 7300 SH 121 SB, Ste 200 McKinney, TX 75070 972-547-7687 mkowski@mckinneyedc.com www.uniquemckinney.com .......................................................................

Mineola Economic Development Corp

Hamilton Economic Development Corp.

Kayla Schraub 108 North Bell Street Hamilton, TX 76531 254-386-5954 edc@hamiltontexas.com www.hamiltontexas.com ....................................................................... bxjmag.com

Cindy Karch, Executive Director 300 Greenville Highway Mineola, TX 75773 903-569-6183 ckarch@mineola.com www.mineola.com .......................................................................

| DECEMBER/JANUARY 2026 | BXJ | 51

2025-2026

INTERNATIONAL DIRECTORY OF

ECONOMIC DEVELOPERS

WEST VIRGINIA Mount Pleasant EDC

Nathan Tafoya, Executive Director 1604 N. Jefferson Ave. Mount Pleasant, TX 75455 903-572-6602 nathan@mpedc.org www.mpedc.org .......................................................................

Tomball Economic Development Corp.

Fairfax County Economic Development Authority

Kelly Violette Executive Director 29201 Quinn Road, Suite B Tomball, TX 77377 281-401-4086 kviolette@tomballtxedc.org www.tomballtxedc.org .......................................................................

Victor Hoskins President/CEO 8270 Greensboro Drive, Suite 850 Tysons, VA 22102 703-790-0600 vhoskins@fceda.org www.fairfaxcountyeda.org .......................................................................

Whitesboro Economic Development Corp.

County of Gloucester

Odessa Economic Development Corporation

Tom Manskey 700 N. Grant Ave. Odessa, TX 79761 432-333-7880 tom@odessaecodev.com www.only-odessa.com .......................................................................

Palestine Economic Development Corp.

Christophe Trahan, Director 100 Willow Creek Parkway, Suite A Palestine, TX 75801 903-731-8412 edcdirector@palestine-tx.org www.palestinetexas.net .......................................................................

Pflugerville Community Development

Jerry Jones, Executive Director 3801 Helios Way Suite 130 Pflugerville, TX 78660 512-990-3725 director@pfdevelopment.com www.pfdevelopment.com .......................................................................

Plainview Economic Development Corporation

Kristi Aday, Executive Director 1906 West 5th Plainview, TX 79072 806-293-8536 kaday@plainviewtx.org www.plainviewedc.org .......................................................................

TexAmericas Center

Eric Voyles, Executive Vice President Chief Economic Development Officer 107 Chapel Lane New Boston, TX USA 75570 903-223-9841 (0) 903-306-8923 Cell Eric.Voyles@TexAmericasCenter.com www.TexAmericasCenter.com .......................................................................

Lynda Anderson, Director P.O. Box 340 or 111 W. Main Whitesboro, TX 76273 930-564-3311 landerson@whitesborotexas.com www.whitesborotexas.com .......................................................................

UTAH

Eagle Mountain Economic Development

Evan Berrett, Economic Development Director 1650 E. Stagecoach Run Eagle Mountain, UT 84005 801-789-6645 eberrett@emcity.org www.eaglemountaincity.com .......................................................................

VIRGINA

Sherry A. Spring Director of Economic Development 6489 Main Street Gloucester, VA 23061 804-693-1414 sspring@gloucesterva.info www.gloucesterva.info .......................................................................

Kelly Martin 601 Prince Street Alexandria, VA 22314 703-739-3820 703-739-1384 (f) martin@alexandriaecon.org www.alexandriaecon.org .......................................................................

Bedford County Office of Economic Development

Pam Armstrong, CEcD, Director of Economic Development 122 East Main Street, Suite 202 Bedford, Virginia 24523 540-587-5670 (O) 540-598-2390 (C) parmstrong@bedfordcountyva.gov www.bedfordeconomicdevelopment.com .......................................................................

52 BXJ | DECEMBER/JANUARY 2026 | bxjmag.com

Leasha Johnson, Executive Director 1657 East Fourth Avenue Williamson, WV 25661 304-235-0042 304-235--0043 (f) ljohnson@developmingo.com www.developmingo.com .......................................................................

WISCONSIN

New North, Inc

Barb LaMue, President & CEO 2740 W. Mason Street Green Bay, WI 54303 920-676-1960 barb.lamue@thenewnorth.com www.thenewnorth.com .......................................................................

Goochland County Economic Development

Sara Worley Director P.O. Box 103 Goochland, VA 23063 804-556-5862 sworley@goochlandva.us www.goochlandva.us .......................................................................

PortsmouthVA Economic Development Alexandria Economic Development Partnership

Mingo County Redevelopment Authority

Brian Donahue Director 200 High Street, Suite 200 Portsmouth, VA 23704 757-393-8804 donahueb@portsmouthva.gov www.accessportsmouthva.com .......................................................................

WASHINGTON

City of Lakewood Economic Development

Becky Newton Manager 6000 Main Street SW Lakewood, WA 98499 877-421-9126 bnewton@cityoflakewood.us www.buildyourbetterhere.com .......................................................................

Portage County Business Council, Inc. PCB

Michael Witte, Executive Director 5501 Vern Holmes Drive Stevens Point, WI 54482 715-344-1940 715-344-1940 (f) michaelw@portagecountybiz.com www.portagecountybiz.com .......................................................................

WYOMING

Advance Casper, Wyoming

Justin Farley, CEO 139 W. 2nd St., #1D Casper, WY 82601 307-577-7011 justin@advancecasper.com www.advancecasper.com .......................................................................

Cheyenne LEADS

Betsey Hale, Chief Executive Officer One Depot Square 121 W. 15th St. Suite 304 Cheyenne, WY 82001 307-638-6000 betseyh@cheyenneleads.org cheyenneleads.org .......................................................................

2025-2026

INTERNATIONAL DIRECTORY OF

ECONOMIC DEVELOPERS

CANADA

NEW BRUNSWICK

ALBERTA

Ignite Fredericton

City of Guelph

Imagine Chaleur

Christine Chapman 1 Carden Street Guelph, Ontario, Canada N1H 3A1 519--822-1260 ext. 2823 Christine.chapman@guelph.ca www.guelph.ca/business .......................................................................

Calgary Economic Development 500 Centre Street S, 32nd Floor Calgary, Alberta, Canada T2G 1A6 403-221-7831 info@calgaryeconomicdevelopment.com www.calgaryeconomicdevelopment.com .......................................................................

Town of Vegreville

Jamieson Brown 4829-50 Street P.O. Box 640 Vegreville, Alberta T9C 1R7 587-790-0919 jbrown@vegreville.com www.choosevegreville.com .......................................................................

MANITOBA

City of Brandon

Gerald Cathcart Director Main Floor, 410 9th Street Brandon, Manitoba, Canada R7A 6A2 204-729-2131 g.cathcart@brandon.ca www.economicdevelomentbrandon.com .......................................................................

Paula Lehr 40 Crowther Lane, Ste. 100 Fredericton, NB E3C 0J1 506-282-0624 paula.lehr@ignitefredericton.com www.ignitefredericton.com .......................................................................

Shirley de Silva 702 Principale Street, Ste. 2 Petit-Rocher, NB E8j 1V1 506-542-2688 shirley.desilva@csrchaleurrsc.ca www.csrchaleurrsc.ca .......................................................................

Expansion Dieppe

Louis Godbout 333 Acadia Avenue Dieppe, NB E1A 1G9 506-877-7850 louis.godbout@dieppe.ca www.expansiondieppe.ca .......................................................................

ONTARIO

City of Kawartha Lakes Economic Development Lindsey Schoenmakers 180 Kent Street West Lindsay, Ontario, Canada K9V 2Y6 705-324-9411 lschoenmakers@kawarthalakes.ca www.kawarthalakes.ca .......................................................................

Carolyn Krahn, Manager Economic Development And Tourism 450 Sunset Drive St. Thomas, Ontario, Canada N5R 5V1 519-631-1460 ext. 133 ckrahn@elgin.ca www.progressivebynature.com .......................................................................

Christina Kakaflikas, Ec. D. Director, Economic Development 300 City Centre Drive, Mississauga, ON L5B 3C1 Canada 905-615-3200 x 5014 christina.kakaflikas@mississauga.ca www.investmississauga.ca .......................................................................

Town of Aurora Economic Development

Andrew Poray 100 John West Way, Box 1000 Aurora, Ontario, Canada L4G 6J1 905-727-1375 aporay@aurora.ca www.aurora.ca .......................................................................

Vaughan Economic and Cultural Development Middlesex County

Elgin County

Invest Mississauga

Cara A. Finn, BBA, M. Ad.Ed. Director of Economic Development 399 Ridout St. North London, ON N6A 2P1 519-434-7321 cfinn@middlesex.ca www.investinmiddlesex.ca .......................................................................

Raphael Costa Vaughan City Hall, Level 200 2141 Major Mackenzie Drive Vaughan, Ontario, Canada L6A 1T1 905-832-8526 ext. 8891 raphael.costa@vaughan.ca www.vaughan.ca/Business .......................................................................

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Michigan Econ Dev Corp

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37

36

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Fairfax County Goochland County Portsmouth

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WYOMING

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39

39

25 26

25 27

Middlesex County

bxjmag.com

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20 23 22

31 34

32 33

BC

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