News

Is Labor Availability Still a Concern in 2020?

We are starting a new year and a new decade with the benefit of an economy continuing to break record numbers. GDP is growing; manufacturing companies continue to onshore; interest rates are at record lows; and, inflation has stayed in check. What a great environment for business! Well, there is

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World’s Largest Horizontal Casting Facility Acquired

Service Center Metals, a homegrown Virginia company and one of the fastest-growing industrial assets in the Commonwealth, has been acquired. Richmond businessman William H. Goodwin, Jr.’s Riverstone Group LLC bought majority ownership in Service Center Metals, an aluminum extruder and recycler, through its SCM Industries LLC investment entity for an

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SCAPA Healthcare Has Ribbon Cutting Ceremony at New Knoxville Facility

On June 3rd, SCAPA Healthcare officially marked the opening of their newly constructed, medical device manufacturing and development facility developed by The Hollingsworth Companies in Knox County, TN. The project included an economic development incentive package from the State of Tennessee and Knox County, and the purchase of land from

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New Life for an Old Friend

The Hollingsworth Companies has been in the industrial building business for over 30 years. Unlike most industrial developers, we maintain ownership of the buildings we build wherever possible. That has allowed us to grow our portfolio of industrial customers across the Southeast and Midwest. With that long run of success comes some interesting challenges. After a

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Rock, Paper, Scissors

Everyone knows the game. Rock beats scissors, Paper covers rock. But in the real world wouldn’t you rather have a rock than a piece of paper? Well in the real world a piece of paper called a mortgage can take your “rock” of a house, so maybe there is some

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Foundation Innovation Saves Time and Money

The Hollingsworth Companies invest millions of dollars in getting prepared to meet the high-speed demands of our industrial clients.   We have researched ideal geographies with great interstate highway access and bought hundreds of acres of land, installed infrastructure, designed and permitted buildings and even pre-graded the sites to bring them

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SouthPoint Business Park in Alabama Welcomes Its New Neighbor, Toyata/Mazda

When The Hollingsworth Companies built the SouthPoint Business Park Huntsville, Alabama in 1999, little did they know that BOCAR would locate across the street; and, this would be  the closest industrial park to a future Toyota Mazda plant. In November 2017, BOCAR announced a new plant on Bibb Garrett Road. In January, Toyota Mazda announced

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“7,000” – The Answer to Your Labor Concerns?

7,000 every year…remember that number! If you are one of the many companies looking to expand or relocate and you cannot align all of the industry factor stars, most importantly the labor pool star, then Fayetteville could be your Universe. Why does Fayetteville currently have the highest “Metro” unemployment rate in North Carolina (of 5.1%), with

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