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One more LNG plant proposed in Southwest Louisiana; no, not the $1 billion dollar one from last week
Venture Global may have a neighbor on the Calcasieu Ship Channel. Waller Marine Inc., a Houston-based engineering and contracting company, is looking to build an LNG liquefaction and export plant on about 175 acres near the ship channel’s entrance. Published reports have indicated that the estimated $200 million facility, Waller Point LNG, would consist of up to five 500,000-gallon-per-day trains capable of exporting 1.25 million metric tons of LNG to free trade agreement countries over a 25-year period. The proposed facility would also export up to 1.5 million metric tons of LNG to non-FTA countries. AmericanPress.com
Submitted 3 days ago

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Final straw? Birmingham City Council assails Birmingham Business Alliance over UAB football and representation
BIRMINGHAM, Alabama -- Members of the Birmingham City Council this evening didn't pull any punches when it came to their opinions about the region's largest business advocacy agency. Council members said they are outraged by the Birmingham Business Alliance's decision to select UAB President Ray Watts as its chairman elect. At the same time, the council expressed support for the UAB Faculty Senate's planned vote of no confidence in Watts' leadership. Council members also assailed BBA for what they called poor advocacy for the needs of Birmingham and the Birmingham region. AL.com
Submitted 3 days ago

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Toyota Alabama praised as 'model plant for environmental sustainability' in 2014 North American report
HUNTSVILLE, Alabama -- Toyota Alabama was praised as a "model plant for environmental sustainability in the region" in the company's recently-released 2014 Toyota North American Environmental Report. Toyota Motor Engineering & Manufacturing North America spokesman Victor Vanov said the Huntsville engine plant has implemented several programs "to enhance its environmental performance, implement innovative technologies and strengthen community partnerships." In October, the facility won five awards for environmental excellence, including one from the EPA, three from Toyota and another from the city of Huntsville for air pollution control. AL.com
Submitted 3 days ago

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Auto parts supplier Iljin Alabama plans $15.8 million expansion to Phenix City facility, adding 60 jobs
PHENIX CITY, Alabama -- South Korean auto parts supplier Iljin Alabama is investing $15.8 million in a second expansion to its Phenix City facility. The latest addition will add 60 jobs by 2016, the Ledger-Enquirer reported. Engineering is currently underway for this expansion and construction has started on the expansion announced in March. Iljin Alabama is located at 14 Downing Drive, in Phenix Industrial Park off U.S. Hwy. 431. The facility makes wheel bearings for Hyundai's Montgomery plant and Kia in West Point, Ga., and Iljin recently secured contracts with General Motors and Ford. AL.com
Submitted 3 days ago

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NC Rules Review Commission approves fracking standards
RALEIGH -- North Carolina’s proposed fracking safety standards sailed through a rules review Wednesday despite a staff attorney’s warning that several rules failed to meet state standards and should be put out for public hearing. The Rules Review Commission’s approval means the fracking rules won’t be delayed by several months for extra reviews and hearings. Instead, the rules, written by the Mining and Energy Commission, are now headed to the state legislature, which is expected to lift North Carolina’s fracking moratorium in a matter of months. The Rules Review Commission approved 117 rules in all, covering such items as chemical disclosure, well shafts, water storage, water testing and buffer zones. Charlotte Observer
Submitted 3 days ago

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Georgia movie complex announces deal with Penny Marshall for two films
A company related to Effingham County’s Moon River Studios has announced a two-picture deal with director Penny Marshall, saying photography for the first film will start in January in Savannah. The film will tell the story of Effa Manley, the first woman to be inducted into the Baseball Hall of Fame, according to the announcement. Manley managed the National Negro League’s Newark Eagles in the 1930s and 1940s. Moon River CEO Jake Shapiro declined Thursday to detail specifics about how the two films and the company formed to make them – Studioplex City LLC – are related to Moon River. He said more details will be announced soon, possibly as early as next week. Savannah Morning News
Submitted 3 days ago

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South Florida busineses may gain from revised U.S.-Cuba policy
As the United States takes steps to normalize relations with Cuba, South Florida businesses centered on banking, shipping, trade, telecommunications and travel are positioned to reap benefits — over time. “The immediate implications aren’t anything other than just hopeful watching towards an environment that ultimately becomes a democratic transition,” said Adolfo Henriques, chairman and chief executive of Gibraltar Private Bank & Trust, based in Coral Gables. “It’s going to take awhile before the actual requirements, opportunities and so on develop and materialize. It’s not anything that will develop overnight.” Miami Herald
Submitted 3 days ago

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Dominion Virginia Power customers could see bills rise 30 percentby 2025 to meet EPA plan
Dominion Virginia Power customers would see their electricity bills go up about 30 percent by 2025 under proposed federal carbon emission regulations, state lawmakers learned Wednesday. That would amount to about $400 a year in higher electricity bills for a typical residential customer using 1,000 kilowatt-hours a month. Richmond-based Dominion Virginia Power is the state’s largest electric provider with 2.4 million customers. The U.S. Environmental Protection Agency has proposed rules cutting carbon emissions from existing power plants 30 percent below 2005 levels by 2030 in an effort to fight climate change, improve public health and provide affordable energy. Richmond Times-Dispatch
Submitted 3 days ago

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Giarratana sees 60-story Paramount transforming Nashville's skyline
Developer Tony Giarratana's planned 60-story residential high-rise at the southwest corner of Fifth and Church will be called Paramount, a $225 million project he expects to redefine downtown's skyline and Nashville's regional identity much like the L&C Tower did more than five decades ago. At 750 feet tall, the 884,533 square foot Paramount will out-rank the 333 Commerce St. Building, nicknamed the "Batman Building," as the state's tallest skyscraper. The overall project is expected include 630 units — a mix of apartments, condos, penthouses and townhomes that should help to fill demand for more residential dwellings downtown, though some analysts are generally concerned about a glut depending on when they come online. The Tennessean
Submitted 3 days ago

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Jeff Vinik's $1 billion plan for downtown Tampa finally revealed
TAMPA — Roads that don't meet. An incomplete skyline. An empty crater at the heart of the city. For decades, downtown has been an unfinished work in progress. Jeff Vinik wants to fix that. The Tampa Bay Lighting owner on Wednesday rolled out his long-awaited $1 billion "vision plan" to build nearly 3 million square feet of development along the city's waterfront. "What we're doing is completing the plan city planners dreamed up long ago," Vinik told an approving throng of VIPs who gathered at his Tampa Marriott Waterside Hotel & Marina for the glitzy unveiling. Tampa Bay Times
Submitted 3 days ago

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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