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After layoffs, ads appear in Texas for Wever fertilizer plant construction jobs
Nearly 1,700 workers are out of a job after being laid off from construction work at the fertilizer plant in Wever, Iowa. A few weeks ago, the main subcontractor was terminated. Now, ads for these Iowa jobs are popping up out-of-state, particularly in Texas. “New, good jobs for Iowans,” said Senator Tom Courtney, D-Burlington. He says that’s what he was told when the project first started. “There will be 2-3 thousand new good jobs for Iowans building the place and then when its built it’ll be somewhere just south of 200 new, good jobs for Iowans.” Kwqc.com
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Window biz tries to lock up $300K in incentives
VENICE, FL — PGT Inc. has moved ahead with a plan to receive up to $300,000 in performance-based sustainable energy incentives. The Venice-based impact-resistant window and door firm, one of the largest private employers in Sarasota County, applied for the incentives, from the Sustainable Energy Economic District (SEED) Incentive Program, earlier this year. The SEED funds stem from the Florida-run Energy Economic Zone pilot program. That program is designed to help communities cultivate green economic development, encourage renewable electric energy and promote manufacturing of products that contribute to energy conservation and green jobs. Businessobserverfl.com
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Mebane approves incentives for proposed German grocery distribution center
MEBANE – The Mebane City Council joined the Alamance County Board of Commissioners in approving its $1.8 million share of $5.4 million in incentives for a proposed grocery distribution center in the N.C. Commerce Park. “You have our blessing, and we hope your final decision will be to come to the Mebane area,” Mayor Glendel Stephenson said after the unanimous vote. Thetimesnews.com
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SOPAKCO expanding Marion County operations
COLUMBIA, S.C. – SOPAKCO, a world-leader in the design, processing and packaging of processed foods, is expanding its Marion County operations. The company is investing $4.5 million to install a new fitment pouch line at its headquarters in Mullins, S.C. The investment is expected to create 56 new jobs. SC Commerce
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Louisiana ranks No. 2 nationally for economic development performance
Site Selection magazine has ranked Louisiana's economic development efforts No. 2 in the U.S. in its annual list of Top Competitive States for 2014. Louisiana jumped two spaces from last year, and for the 6th consecutive year, is placed in the top seven states for economic development. NOLA.com
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Falling oil prices may cause 'squeeze' in Louisiana energy boom
The large decline in oil prices that's causing many in the petrochemical industry to panic has them worried that it may also stall growth of the impending Louisiana energy boom. "If crude oil prices fall too far, for too long, concurrent with any slight upward movement in natural gas, there could be some project development 'squeeze.'" Said David Dismukes, LSU Center for Energy Studies executive director. NOLA.com
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Entrepreneurs Thriving, Adding Jobs in St. Louis
Entrepreneurs in the St. Louis area are thriving — and they’re bringing job growth with them. The Entrepreneurs’ Organization, which is a network of entrepreneurs worldwide, produces a biannual survey that measures a variety of business metrics in each of the regional chapters. The report shows that St. Louis businesses are doing well. More than 67 percent of companies have seen an increase in their revenue in the past six months. increased and more than 64 percent have improved their profits during that same time period. Tetley.com
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Ford unveils the CNG F-150 that will be modified in Dallas
Westport Dallas could be adding workers and shifts to keep up with demand for the new compressed natural gas F-150, said Paul Shaffer, vice president and managing director for the West Dallas conversion company. Dallas Business Journal
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Does European attraction hold a key to the Astrodome's future?
For years, Ed Emmett has been trying to figure out what to do with the Astrodome, one of the world's grandest and wackiest-looking civic arenas. This week, he is on an expedition to see another of the world's wacky wonders, a massive blimp hangar at a former Luftwaffe airfield in Germany that has been converted into the world's largest indoor rainforest. Houston Chronicle
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Fresno to South Bend to Louisville: The Elusive Elements of Civic Success
Earlier today I mentioned a video that a public-private alliance in Fresno, California, has produced to explain why they want to bulldoze a historic, artsy downtown pedestrian mall and re-open it to cars. Described that way, naturally the project sounds like a sacrilege. But I said that I’d become convinced of the logic behind their plan, in part based on what we’d seen in a number of other revived-downtown cities across the country. The Atlantic
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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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