Lockheed Martin reaffirms its commitment to Kentucky with a $26 million investment at Lexington’s Bluegrass Station

Gov. Steve Beshear today announced Lockheed Martin is reaffirming its commitment to Kentucky with a $26 million investment at Lexington’s Bluegrass Station. The global security company was recently awarded a major contract for Logistics Support Services that will result in securing its statewide presence, as well as add 224 new, full-time jobs in Lexington over the length of the contract. When asked why Lockheed Martin chose Lexington over any other place, Linda Pyfrom, Lockheed Martin’s Manager of Operational Excellence, noted that it was Lexington’s fantastic workforce.
Full press release below.

Watch: “KY Governor Steve Beshear Details Expansion of Lockheed Martin in Lexington, KY” http://www.youtube.com/watch?v=UUFuHhTUvww&feature=player_embedded & “Why did Lockheed Martin choose Lexington, KY? Its Exceptional Workforce” http://www.youtube.com/watch?v=UUFuHhTUvww&feature=player_embedded

LEXINGTON, Ky. (March 2, 2011) – Gov. Steve Beshear today announced Lockheed Martin is reaffirming its commitment to Kentucky with a $26 million investment at Lexington’s Bluegrass Station. The global security company was recently awarded a major contract for Logistics Support Services that will result in securing its statewide presence, as well as add 224 new, full-time jobs in Lexington over the length of the contract.

“”This $26 million investment by Lockheed Martin sends a strong and clear message that Kentucky is a true partner with its existing businesses,”” said Gov. Beshear. “”Not only will this project enhance Lockheed Martin’s existing footprint in Kentucky, it will add 224 new jobs in the Lexington community. This is a win-win situation for everyone.””

The logistics contract is supported by 1,856 full-time Lockheed Martin and partner company employees across Kentucky, including Bluegrass Station, Fort Campbell and the Blue Grass Army Depot in Richmond. Lockheed Martin’s investment will entail numerous improvements to existing state-owned facilities, as well as equipment costs that will increase the performance and longevity of the operations.

“”This investment will improve the existing equipment, tools, and facility infrastructure as well the overall efficiency and quality of work to position us as a world-class sustainment operation within the Commonwealth of Kentucky,”” said Howard Yellen, Lockheed Martin vice president. “”Our joint vision is to develop the existing workforce while making strategic investments in equipment and infrastructure for the long-term growth into a Sustainment Center of Excellence.””

The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved Lockheed Martin Corporation for tax incentives up to $15 million through the Kentucky Business Investment program. The performance-based incentive will allow Lockheed Martin to keep a portion of its investment over a 10-year period through corporate income tax credits and wage assessments by meeting job and investment targets.

KEDFA also approved the company for tax benefits up to $415,000 through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.

“”Lockheed Martin is ranked 44th on the Fortune 500 list and is an international leader in the aerospace and defense industries,”” said Lexington Mayor Jim Gray. “”These are good jobs with a future. We’re extremely pleased that Lockheed Martin is remaining and growing jobs in our community.””

“”Many people don’t realize it, but from an employment standpoint, the military’s impact is felt throughout the Bluegrass. Together, Bluegrass Station in Fayette County and Bluegrass Army Depot in Richmond account for an annual economic impact of more than $400 million within our region,”” said Bob Quick, president & CEO of Commerce Lexington Inc. “”Lockheed Martin has certainly contributed to that figure, and we appreciate its commitment to our community by retaining and creating new jobs for our economy. We are excited about Lockheed Martin’s expansion effort, and we look forward to a great partnership for many years to come.””

http://news.locateinlexington.com/

H&A Client UnitedHealth Group announces multimillion-dollar investment in City of Roanoke

Governor McDonnell Announces 125 New Jobs in City of Roanoke
– UnitedHealthcare Planning Multimillion-dollar Virginia Expansion –

RICHMOND – Governor Bob McDonnell announced that UnitedHealthcare, a UnitedHealth Group (NYSE: UNH) company, is making a multimillion-dollar investment to expand its operations in the City of Roanoke.  UnitedHealthcare’s expansion is expected to create 125 new jobs over the next two years.

Speaking about today’s announcement, Governor McDonnell said, “We are pleased UnitedHealthcare is expanding its operations in Roanoke. Adding more than 100 jobs during a tough economic time is excellent news for the City of Roanoke and all Virginians. Healthy collaboration and the strength of our work force in the region has made this expansion possible.”

In addition to adding jobs, UnitedHealthcare is expanding and upgrading its leased office space in Roanoke. Improvements, including a complete remodeling of employee work spaces, will begin early this spring and continue into the fall.

Virginia Secretary of Commerce and Trade Jim Cheng said, “Keeping UnitedHealthcare thriving in Roanoke by gaining this expansion was a priority.  Not only does the region gain up to an additional 125 jobs, it also retains several hundred employees already working for the company in Roanoke. This project is a win for both the City of Roanoke and the Commonwealth.”

UnitedHealthcare’s Roanoke employees support the customer care and sales functions of the insurer’s Medicare & Retirement business, which serves one-in-five of the nation’s Medicare beneficiaries.

UnitedHealthcare provides a full spectrum of consumer-oriented health benefit plans and services to individuals, public sector employers and businesses of all sizes, including more than half of the Fortune 100 companies. The company organizes access to quality, affordable health care services on behalf of approximately 25 million individual consumers, contracting directly with more than 650,000 physicians and care professionals and 5,000 hospitals to offer them broad, convenient access to services nationwide.

UnitedHealthcare Medicare & Retirement CEO Tom Paul said, “UnitedHealthcare’s expansion in Roanoke reflects the Commonwealth’s and the City’s commitment to fostering a positive economic environment for employers.  The decision to enhance our operations in Roanoke reaffirms the dedication of our existing Roanoke employees in strengthening our business and serving our customers over the past several years.”

The Virginia Economic Development Partnership worked with the City of Roanoke and the Roanoke Regional Partnership to secure the expansion for Virginia. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance (VDBA) will provide funding and services to support the company’s recruitment and training activities.

City of Roanoke Manager Chris Morrill said, “The retention and expansion of a true leader in the healthcare market is a great opportunity for the City of Roanoke.  The addition of up to 125 new jobs in this economy is a testament to the excellent management practices of UnitedHealthcare and to the City of Roanoke’s ongoing efforts of attracting a broad range of healthcare, insurance and life science companies.”

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http://www.governor.virginia.gov/news/viewRelease.cfm?id=613

President Obama’s “Better Building Initiative”

President Obama’s
“”Better Buildings Initiative””

The President’s Budget will propose to make American businesses more energy efficient through a series of new initiatives:

  • New tax incentives for building efficiency: The President is calling on Congress to redesign the current tax deduction for commercial building upgrades, transforming the current deduction to a credit that is more generous and that will encourage building owners and real estate investment trusts (REITs) to retrofit their properties. These changes could result in a ten-fold increase in commercial retrofit take up, leveraging job- creating investments.
  • More financing opportunities for commercial retrofits: The Small Business Administration is working to encourage existing lenders to take advantage of recently increased loan size limits to promote new energy efficiency retrofit loans for small businesses. The President’s Budget will also propose a new pilot program through the Department of Energy to guarantee loans for energy efficiency upgrades at hospitals, schools and other commercial buildings.
  • “”Race to Green”” for state and municipal governments that streamline regulations and attract private investment for retrofit projects: Propose new competitive grants to states and/or local governments that streamline standards, encouraging upgrades and attracting private sector investment.
  • The Better Buildings Challenge: Challenging CEOs and University Presidents to make their organizations leaders in saving energy, which will save them money and improve productivity. Partners will commit to a series of actions to make their facilities more efficient. They will in turn become eligible for benefits including public recognition, technical assistance, and best-practices sharing through a network of peers.
  • Training the next generation of commercial building technology workers: Using existing authorities, the Administration is currently working to implement a number of reforms, including improving transparency around energy efficiency performance, launching a Building Construction Technology Extension Partnership modeled on the successful Manufacturing Extension Partnership at Commerce, and providing more workforce training in areas such as energy auditing and building operations.

http://www.whitehouse.gov/the-press-office/2011/02/03/president-obama-s-plan-win-future-making-american-businesses-more-energy

2012 LEED Rating System Development Highlights

Wednesday, January 26, 2011

2012 LEED Rating System Development

The United States Green Building Council (USGBC) has released their initial draft version of the LEED 2012 Rating System.  There have been two comment periods released for the public to offer their input towards the LEED 2012 draft version and for future LEED rating systems.  The two comment periods are from November 8, 2011 to January 14, 2011 and from July 1, 2011 to August 15, 2011.  Due to the open comment periods, the current draft version will be subject to modifications and is a work in progress.

According to the USGBC, “future LEED updates will focus on increasing the technical rigor of the rating system, and expanding the market sectors able to use LEED.”[1]  Overall, there are three main categories which differentiate LEED 2009 and LEED 2012 draft version: new credit categories, changes to technical content, and revised point distribution. 

Within the draft version, there are currently three new credit categories: Integrated Process (IP), Location and Transportation (LT), and Performance (PF).  These new categories strive to accomplish two goals: provide a better understanding as to which credits help best optimize important issues, and synchronize organization of the LEED commercial rating and LEED for Homes rating system.  Further explanation of each new category is as follows:

  • ·         Integrated Process (IP)[2]: highlights the importance of the use of iterative, inclusionary process in the   design, construction, operations and maintenance of green projects Location and
  • ·        Transportation (LT)[3]: reorganizes project location, planning and transportation issues into a new category to highlight the importance of and increase dialogue about these issues.  Most of the credits in the new LT category previously existed (in some form) in the Sustainable Sites category.
  • ·       Performance (PF)[4]: highlights the importance of on-going operational performance in LEED projects.  Credits that deal with performance measurement and verification will be reorganized into this category and are intended to be a natural link to USGBC’s Building Performance Partnership (BPP).  The scope of this category includes, but is not limited to: Metering, Commissioning, Utility consumption data reporting, and Occupant comfort/satisfaction surveys.

The point values of the credits will also change and will be weighted as they were for LEED 2009 by using the U.S. Environmental Protection Agency’s Tool for the Reduction and Assessment of Chemical and Other Environmental Impacts (TRACI) categories.  The point allocation was not included in the LEED 2012 draft version for the first comment period but will be completed before the second comment period commences. 

Additional comment periods may be opened as needed for LEED 2012.  The scheduled release of LEED 2012 is set for November 7, 2012.



USGBC, LEED Rating System FAQ, https://www.usgbc.org/ShowFile.aspx?DocumentID=8447

H&A Invited to Testify Before Minnesota Senate Tax Committee

Mark Beattie, a Principal at Hickey & Associates, LLC, will be testifying before the Minnesota Senate Tax Committee on Wednesday, January 26, 2011 as part of a three day series of hearings. The Chair of the Committee, Julianne Ortman, invited Hickey & Associates, LLC to provide testimony using the expertise they have gained through years of experience in corporate real estate, corporate job growth and retention, and economic development. The focus of the hearing on January 26 will be on global competitiveness.

The hearings consist of a three part series from January 25-27, 2011 from 8:30 a.m. – 10:00 a.m. All hearings will be held in the State Capitol Building, Room G-15.

Please contact the Minnesota Senate Tax Committee for further details at (651) 296-4837.

Site Selection Magazine Online: State of the States

SoS_HeaderThe pages which can be accessed through the link below highlight recent corporate facility projects, new laws and incentives policies, wages, employment, demographics and infrastructure facts in one easy-to-digest compendium.   

http://www.siteselection.com/issues/2011/jan/cover/

The status of the U.S. as a nation owes much if not most of its character to the livelihoods of its individual members. And things can change fast: Witness how quickly high-speed rail plans were either derailed or boosted in a total of 14 states following the December decisions by new governors in Ohio and Wisconsin to rebuff federal funds.
That same week, Ohio and Wisconsin were named along with leader Illinois, North Carolina and Missouri as the top states in public disclosure of incentives in “”Show Us the Subsidies,”” a report on economic development transparency from Good Jobs First that studied 245 major incentive programs. A number of states, most recently Massachusetts, have enacted legislation or simply improved their transparency. A dozen others (plus D.C.) have no disclosure at all. Which is better for economic development remains a much-debated question in statehouses across the land.
As it happens, Massachusetts, followed by Washington, Maryland, New Jersey and Connecticut, topped the 2010 State New Economy Index, released in November 2010 by the Information Technology Innovation Foundation and the Kauffman Foundation. The report uses 26 indicators to assess states’ efforts to succeed in the innovation economy, and we present several of them here.

Adam Bruns

A note on the layout: Our business plan for this project offered exclusive sponsorship to advertisers allied with particular states, up to a full page. States supported by a half-page or less of advertising are represented here by half-pages of data.

WEB TOOLS YOU CAN USE: As you wind your way across a nation’s worth of data, take note of the extra navigation built into each state’s data page by clicking on the state economic development or commerce department’s Web address to visit that agency directly.

 
Data Sources: The editors wish to thank Jason Hickey, president of Minneapolis-based Hickey & Associates LLC, for granting access to his firm’s thorough State Incentives Database. Also: BLS; BEA; NBER; Nat’l. Ctr. for Education Statistics; Census Bureau; Conway Data; National Conference of State Legislatures; Nat’l. Right to Work Legal Defense Foundation; Entertainment Software Association; AAPA; Pew Charitable Trusts; Milken Institute; Beacon Hill Institute; Pollina Corporate Real Estate; Deloitte; U.S. Chamber; Tax Foundation; state chambers of commerce, economic development agencies and associations; press reports; governors offices; government relations law firms; and legislative documents.