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A Kentucky business becomes a poster child for the power of Google
Louisville-based tour company Mint Julep Tours is featured in an economic impact report put together by Google Inc. (NASDAQ: GOOG). The report, which estimates the impact that Google advertising and search tools have on Kentucky businesses, can be found here. It includes a feature on Mint Julep Tours, a company that provides bus tours to bourbon distilleries, horse farms and other attractions in the state. Business First
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Update the resume: 3,000 Austin-area tech jobs to filled annually, report says
Austin companies need to fill an average of 3,000 technology jobs per year through 2024, according to a report. Employers indicate that they are filling most openings with local workers instead of recruiting outside the area. Yet Austin tech worker wages are lower than most other tech regions in the United States, the Austin Technology Council reported Thursday. Austin Business Journal
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Construction kicks off for hydroelectric plant near Houston
Houston is oil and gas country, but hydroelectric power is coming to the region through Lake Livingston. The East Texas Electric Cooperative, or ETEC, broke ground Wednesday on the new 24-megawatt hydroelectric plant will power about 12,000 eastern Texas homes and generate about $1 million annually for the city of Houston for the right to use city facilities at the lake. Fuel Fix
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UAW Rival At VW Represented By 'Union Avoidance' Expert
NASHVILLE, Tenn. (AP) — The rival group to the United Auto Workers union at the Volkswagen plant in Tennessee brands itself as local, independent and free of outside influence or political agenda. But the American Council of Employees won't divulge how it is funded, and the lawyer who recently filed the group's overdue disclosures with the U.S. Department of Labor touts his expertise in "union avoidance." Mbtmag.com
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The Assault On LGBT Rights In The Texas Legislature Failed
This legislative session, Texas state Republican lawmakers proposed a record number of bills that would limit LGBT equality, but with the session about to end, almost all of those bills have failed to advance. Still, the lawmakers managed to find a way to voice their disapproval before the session runs out. Think Progress
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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
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Health Care Of Millions Hangs In The Balance
The Supreme Court is expected to issue a decision in a major new lawsuit against Obamacare this June, and the health coverage for millions hangs in the balance. This challenge to the Affordable Care Act, called King v. Burwell, came from longtime Obamacare opponents who claim that, because of a key phrase in the law, the federal government may provide tax credit subsidies only in states that operate their own health insurance exchanges. Thirty-four states declined to establish these marketplaces, and instead left that responsibility in the hands of the federal government. Huffington Post
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Underfunding of Research Offers States an Economic Opportunity
When trying to grow the economy, it's really tempting for elected officials to spend the public's money on things that have an immediate impact on jobs and wages. What better way to endear yourself to your constituents than to be the driving force behind a new shopping center or luxury hotel that not only brings jobs but also increases local spending? It's certainly a lot sexier than spending money on research for some scientific mumbo-jumbo that most people haven't heard of -- especially when you can't guarantee that research will yield any significant results. Governing.com
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EPA’s new rules on river pollution outrage the usual suspects
The Environmental Protection Agency Wednesday released a long-awaited and long-debated rule for interpreting the Clean Water Act. The EPA has regulated rivers since the Clean Water Act was passed in 1972, but Supreme Court decisions in 2001 and 2006 reduced the scope of government authority to protect water against pollution. Since that time, it has been unclear what the government is allowed to regulate. A New York Times article in 2010 suggested that this rollback was allowing pollution that previously would have been illegal: Grist.org
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Clinton Stumps Where Her Party Said to Be in "Shambles"
COLUMBIA, S.C. -- Hillary Clinton concluded a half-hour campaign speech here Wednesday when a longtime Clinton friend, standing in the wings, offered predictions to a reporter about the presidential race: The former first lady will win the South Carolina Democratic primary in a landslide, securing 75 percent or more of the black vote; she will likely lose the Palmetto State and much of the South in a general election contest as the Democratic nominee; and she and her husband will shake off controversies involving the Clinton Foundation’s benefactors and her State Department emails. Realclearpolitics.com
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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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