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100 jobs the goal of drive in Arkansas
Fort Smith-based Staffing Association of Arkansas joined Tuesday with Gov. Asa Hutchinson at the Arkansas State Chamber of Commerce to announce a drive to place 100 Arkansans in permanent jobs over the next 100 days. The jobs, listed and managed on the association's website, include everything from construction workers and bank clerks to legal assistants and factory managers. Both full- and part-time jobs are being offered. Temporary jobs offered on the site will have the possibility for permanent placement. Arkansas online.com
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Cheniere Energy approved for more LNG exports from Southwest Louisiana facility, newspaper reports
Cheniere Energy has received federal approval to expand its Cameron Parish liquefied natural gas export facility, the Houston Chronicle reports. The report says the Energy Department is allowing Cheniere to ship super-cooled LNG from two additional production units at its Sabine Pass export facility to countries without a free-trade agreement with the U.S. The planned units would expand Cheniere's total capacity about 50 percent to 3.58 billion cubic feet per day. Cheniere has already started construction on four liquefaction units and will make a final investment decision on the additional units in coming months, the report says. NOLA.com
Submitted 2 days ago

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Army Corps board approves final report for Charleston Harbor deepening project
The Charleston Harbor Post-45 Deepening Project is one step closer to construction after receiving approval from a U.S. Army Corps of Engineers board in Washington, D.C. The Civil Works Review Board unanimously approved the deepening project’s Final Integrated Feasibility Report and Environmental Impact Statement (.pdf) today. "Today was a big step in the process for Charleston Harbor to be deepened,” Lt. Col. John Litz, Charleston District commander, said in a statement. “Having the approval from the Civil Works Review Board allows us to stay on track with our timeline and move forward with our deepening recommendation.” Charleston Business Journal
Submitted 2 days ago

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20,000 sq. ft. sewing factory planned for Nashville; 1,000 jobs proposed
Nashville will soon have a new, roughly 20,000 square-foot apparel manufacturing factory, a previously missing but much-needed piece of infrastructure for clothing designers looking to launch a business here. Dean Wegner, owner of Omega Apparel, a private apparel manufacturing plan in Smithville, has signed a lease at 5225 Harding Place, in the Airpark Business Center, located just south of the airport. Wegner had originally scouted areas closer to the urban core, including the Wedgewood-Houston neighborhood, for a 10,000 square-foot facility, but decided to nearly double his footprint. As we reported in April, Wegner plans to hire up to 1,000 people at the new factory over the next five years. Nashville Business Journal
Submitted 2 days ago

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Nike opens North American Logistics Center in Memphis
After its original distribution facility was the trunk of the car of the company’s founder, Nike Inc. has opened its $301 million, 2.8 million-square-foot Memphis distribution center, a project that has taken five years from conception to reality. The North America Logistics Campus, as it will be known, represents the largest investment Portland, Oregon-based Nike has made outside of its home state, according to Tennessee Gov. Bill Haslam, who joined Memphis Mayor A C Wharton, Shelby County Mayor Mark Luttrell, Nike chief operating officer Erik Sprunk, Willie Gregory, Nike’s senior director of global community affairs and Marcus Buford, the facility’s general manager at the event. Memphis Business Journal
Submitted 2 days ago

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Florida exports continue upward trek in April
The latest international trade numbers show that $4.79 billion worth of goods left Florida for international markets in April, an increase of 1.8 percent from March, according to Durham, N.H.-based e-forecasting.com. The April data is the most recent available. Exports of manufactured goods contributed significantly to the state's international trade, accounting for 73 percent of all state exports in April. Exports from state manufacturers increased in April by 0.3 percent from the previous month to $3.51 billion. Jacksonville Business Journal
Submitted 2 days ago

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What Tennessee's economy stands to gain from same-sex marriage
Now that gay marriage is the law of the land, Tennessee could see an economic boost of nearly $40 million in total spending. That's according to a study from The Williams Institute at UCLA, which broke down the amount of money same-sex weddings bring to a state. In Tennessee, the first three years of legalized gay marriage should yield 5,449 marriages, $36.7 million in total spending, $3.5 million in tax revenue and 111 new jobs, according to the report. Nationally, the estimated boost would be $2.62 billion. Memphis Business Journal
Submitted 2 days ago

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How Alabama closed the deal on Google's $600M project
Greg Canfield had a tall order to fill over the past 10 months. The secretary for Alabama's Department of Commerce not only had to lobby the Alabama Legislature for a complete overhaul of the state's economic incentives offered to companies locating or expanding in the state, but behind the scenes, he was helping to court one of the world's most powerful corporations to the state. In the end, he and the commerce department were able to accomplish both. Birmingham Business Journal
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Like Mercedes, Google could be gateway to growing new jobs sector in Alabama
When Mercedes Benz made the decision to build its U.S. manufacturing facility in Tuscaloosa County during the 1990s, no one could have predicted the impact that project would have on the state's automotive sector. In fact, until Mercedes arrived, the state had no automotive sector to speak of. Since then, auto manufacturers like Honda, Hyundai and Toyota have followed Mercedes to the state, along with automotive suppliers, making Alabama U.S. automotive hub. Birmingham Business Journal
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Tyson Foods to Hire 90, Spend $8M to Expand Kentucky Plant
Tyson Foods Inc. of Springdale said Tuesday that its poultry plant in Robards, Kentucky, will hire 90 additional workers as the meat processor spends more than $8 million to install a new freezer and work stations. "This investment will help us meet growing demand for our products," said Noel White, president of poultry for Tyson Foods. "We’re very proud of our team members in Robards and are pleased to bring additional jobs to the community." The Robards plant produces individually quick frozen chicken packaged under the Tyson brand for sale to retail customers. Arkansas Business
Submitted 2 days 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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