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Houston named as one of nation's highest manufacturing job hubs
Amid a year of job cuts and oil slump ripple effects, Houston just made the high-end of an encouraging list. Houston was ranked as the fifth-highest city in net growth in manufacturing sector employment, according to data prepared by Headlight, a data information system. According to the data, 5,200 new manufacturing jobs came to the Bayou City between 2014 and 2015. Houston Business Journal
Submitted 5 minutes ago

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Fed: S.C.’s stagnant jobless rate could fall in 2nd half of year
Jobs are being created in South Carolina at record rates, just not fast enough to keep up with the influx of people into the labor force at more than three times the national rate. Post-Courier
Submitted 11 minutes ago

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Energy Department Announces $32 Million To Boost Solar Workforce Training, Drive Solar Energy Innovation
Today, the Energy Department is announcing $32 million in funding to help train American workers for the solar energy workforce and to further drive down the cost of solar by developing innovative low-cost concentrating solar power collectors and increasing access to critical solar data. The Department is making up to $12 million available to develop a diverse, well-trained solar support workforce, including professionals in the insurance, real estate and utility industries, who consumers rely on when they choose solar. An additional $5 million will fund projects aimed at increasing market transparency and access to key solar energy datasets, and $15 million will fund projects to develop new designs for concentrating solar power (CSP) collectors, the most expensive component of CSP systems. Altogether, this funding will help make solar energy more accessible and affordable for American families and businesses. Breakingenergy.com
Submitted 35 minutes ago

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Solar as fastest growing U.S. power source rivals shale boom
Move over shale. The sun is now the fastest growing source of U.S. electricity. Solar power capacity in the U.S. has jumped 20-fold since 2008 as companies including Apple Inc. use it to reduce their carbon footprint. Rooftop panels are sprouting on homes from suburban New York to Phoenix, driven by suppliers such as SolarCity Corp. and NRG Energy Inc. Giant farms of photovoltaic panels, including Warren Buffett’s Topaz array in California, are changing power flows in the electrical grid, challenging hydro and conventional generators and creating negative prices on sunny days. The surge comes after shale drilling opened new supplies of natural gas, contributing to the 47 percent drop in oil since June. Fuel Fix
Submitted 41 minutes ago

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Hope fades for Atlanta-Chattanooga bullet train
Sad news, bullet train dreamers. The 17-year-old plan to build high-speed rail between Atlanta and Chattanooga is probably not going to happen. How is Atlanta's new energy efficiency policy working out? So far, so good, according to city officials. Metro Atlanta police officers are weighing the potential positive and negative aspects of body cameras. Will they bring about the change demanded in the wake of rising police shootings? Will the Atlanta Citizen Review Board make enough reforms to stop large numbers of complaints from being dismissed? Clatl.com
Submitted 47 minutes ago

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Could the Chattahoochee River become Atlanta’s waterfront?
Atlanta is a rarity among big cities for its lack of a waterfront. Well, it has one in the Chattahoochee River, which forms a healthy chunk of the city's northwest border. And that part of the vital waterway south of the popular Chattahoochee River National Recreation Area isn't an area many people venture to in order to relax. Clatl.com
Submitted 53 minutes ago

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Omnitracs Opens $10 Million Dallas, Texas, Headquarters
Omnitracs, a global pioneer of fleet management solutions to transportation and logistics companies, opened its new headquarters at the KPMG building in downtown Dallas, Texas. The company’s $10 million capital investment brings more than 450 new jobs to the Metroplex. Area Development
Submitted 2 hours ago

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Spain-Based Ficosa North America Invests $58 Million In Cookeville, Tennessee, Manufacturing Center
Spain-based Ficosa North America will expand its presence in The Volunteer State by building a new state-of-the-art facility at the Highlands Business Park in Cookeville, Tennessee. The automotive supplier will invest $58 million in the Putnam County facility and create 550 jobs. Area Development
Submitted 2 hours ago

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Kubota Tractor Plans Major Expansion At Its Gainesville, Georgia, Manufacturing Plant
Kubota Tractor and Japan-based Kubota Manufacturing of America Corporation plans to increase production capacity for Kubota equipment in the U.S. by building a 502,000 square foot manufacturing plant and expanding its existing operations in Gainesville, Georgia. Area Development
Submitted 2 hours ago

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Economists say Georgia must work to stay competitive
After a gradual seven-year climb out of the recession, Georgia’s future economic development will see fierce competition from surrounding states, economist Roger Tutterow said Thursday. Augusta Chronicle
Submitted 2 hours ago

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 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     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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