‘Project Underground’ eyes $10M investment to bring 100+ jobs to Northwest Jacksonville
Read full article: ‘Project Underground’ eyes $10M investment to bring 100+ jobs to Northwest JacksonvilleProject Underground could bring a $10 million investment and 100–120 manufacturing jobs to Northwest Jacksonville; city offers a five‑year REV tax grant up to $275,000 to keep the expansion local.
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US manufacturing improves in July, future clouded by virus
Read full article: US manufacturing improves in July, future clouded by virusThe Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. The index dipped below 50 in March, indicating a recession in manufacturing as the coronavirus pandemic shut down factories. Timothy Fiore, chair of the ISM manufacturing survey committee, said it was encouraging that positive comments from survey participants were running two to one ahead of more cautious comments. Of 18 manufacturing industries, 13 reported growth in July led by wood products and furniture and related products. We expect manufacturing to grow gradually ahead with botched management of the pandemic and ongoing virus-related uncertain set to constrain activity.
