Lincoln Business Roars Towards End of 2018
The economy continues to boom in the Lincoln area as 2018 nears its conclusion. Big announcements of expanded facilities and operations highlighted some notable success stories in the manufacturing and retail areas of business.
The 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.
For the second straight year, Nebraska has been awarded the Governor’s Cup by Site Selection Magazine. 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.
Carbon black’s use in products such as cell phones, tires and other plastic goods, highlights Monolith’s partnership with Nebraska Public Power District and the goal of creating energy through renewable means. The plans call for an investment of nearly $100 million in the project and more than 100 jobs for the area.
Nature’s Variety is also expanding with the addition of a Lincoln-based manufacturing facility. Producing premium, natural pet foods, the St. Louis-based company rolled out the red carpet for its new 26,000-square-foot site on September 26 in southwest Lincoln.
This is the first of the company’s planned expansions with more groundbreaking phases of new construction to continue as the demand for freeze-dried food for dog and cat owners steadily grows in the U.S., Canada and 18 countries around the world.
“This direct investment into the community illustrates the high-functioning, public-private partnerships that continue to be the best foundation for building a great community,” according to Lincoln Mayor Chris Beutler.
SCHEELS opened its brand new, 220,000-square-foot retail shopping store on September 27 with great fanfare, oohs and aahhs from the public. A collection of entertainment venues, specialty shops, boutiques and Nebraska’s largest selection of sports, fashion and footwear under one roof will remain a local attraction for many years to come. SCHEELS continues to invest in the Lincoln economy and provide great jobs to a city that definitely loves its sports related pursuits.
The increased investment by companies in Lincoln businesses shows that there’s confidence in not only our city, but especially in the talented and hardworking people of the Capital City. A bright 2019 is just around the corner and Lincoln continues to provide a great scene for business expansion and prosperity for years to come.
The Chamber’s mission is to improve the lives of Lincoln residents by providing increased economic opportunity and can only be accomplished together. For more information on the Lincoln Chamber of Commerce, (www.lcoc.com) please contact Jaime Henning at email@example.com.