Numerous Business Expansions Move Lincoln’s Economy Forward
Monday, October 08, 2018
As 2018 nears its conclusion, the economy continues to boom in the Lincoln area. With September drawing to a close, big announcements of expanded facilities and operations highlighted some notable success stories in the manufacturing and retail areas of business.
From sporting goods to natural pet foods, aerospace products and renewable energy pursuits, these expansions show that business in Lincoln is enjoying incredible success and reaching for more. This continued and substantial investment in areas such as research and development, workplace renovation and in some cases, brand new buildings, sends the message that companies can extend their successes and carry forward with ambitious plans for their companies.
On the heels of successful trade missions and the 50th Annual Midwest U.S.-Japan Conference, Japanese officials were in Lincoln in September to see Kawasaki put the finishing touches on completed cargo doors for Boeing aircraft. The new Aerospace Division at Kawasaki has announced plans to not only spend upwards of $12 million on renovating areas of its Lincoln plant, but to also increase production at its new Aerospace Division, which has been operating since May 2017.
With a solid and quite successful trade relationship established between the two countries, Nebraska continues to reap the benefits of Japanese investment in the state. Kawasaki Lincoln serves as the company’s largest plant in the United States, with increased employment opportunities and better jobs awaiting Lincolnites as a result. As the growth continues with cargo door production and other aerospace ventures, Lincoln will remain a key area for Japan’s investment.
For the second straight year, Nebraska has been awarded the Governor’s Cup by Site Selection Magazine. The cup is awarded to the state that has the most economic development projects per capita in the country and once again, companies with a footprint in Lincoln helped the state keep claim to this prestigious honor. With Governor Pete Ricketts on hand, Monolith Materials showed off its new Research & Development Center in west Lincoln on September 25. Monolith, which develops innovative, cost effective and environmentally sustainable technologies by converting natural gas into chemicals and materials, is a pioneer in the field of carbon black production.