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Edison Chouest Offshore Invests $68 Million To Locate Shipbuilding Facility In Gulfport, Mississippi
Edison Chouest Offshore, an offshore energy service and supply company, is locating shipbuilding operations at the Port of Gulfport in Gulfport, Mississippi. The project represents a $68 million corporate investment and will create 1,000 full-time jobs. Area Development
Submitted yesterday

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TMM USA Inc. To Locate Manufacturing Plant In Simpson County, Kentucky
In a move that will create 42 jobs with an investment of $5.6 million, TMM USA Inc., a subsidiary of Japan-based Toyo Tire & Rubber Co. Ltd., will locate its manufacturing campus in Simpson County, Kentucky. The plant will supply its parent company with stamped and welded components. Area Development
Submitted yesterday

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Fort Hood Looks to Renewable Energy as Part of Larger Military
Determined to cut its global electricity bill, the Army has embarked on an experiment at Fort Hood to pull in more power from renewable sources. Officials broke ground late last month at the Army installation 75 miles north of Austin on a massive solar farm -- 63,000 panels covering 132 acres, or roughly the size of 100 football fields. Military.com
Submitted yesterday

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Dominion Virginia Power, SunEnergy1 to Install Largest Solar Facility in Hampton Roads
Dominion Virginia Power will soon add more solar power to its generation portfolio. The company is partnering with SunEnergy1 to install 91,803 solar panels at a new solar farm in Chesapeake– enough to power 5,000 homes. SunEnergy1, a North Carolina-based company, will lease the 250 acre site, located off Ballahack Road and U.S. Highway 17. Dominion will purchase the output of the facility, including energy, capacity and renewable energy credits, under a 20-year power purchase agreement. PRnewswire.com
Submitted yesterday

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If you thought solar was going to hurt utilities, get a load of solar+storage
As I wrote in my previous post, power utilities are pushing back against rooftop solar, but by doing so they are only accelerating the development of solar+storage, which may prove to be an even bigger threat. Residential solar+storage (my main focus in this post, rather than commercial or utility-scale versions) refers to a) an array of rooftop solar panels connected to b) some means of energy storage, usually a battery or batteries, controlled by c) smart software that enables the system to communicate with the grid. Vox.com
Submitted yesterday

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Investment Expected to Create More SC Jobs
COLUMBIA, SC (AP) — More than $4.2 billion in business investment was recruited in South Carolina during 2015 investment expected to create more than 17,000 jobs. The South Carolina Department of Commerce announced Wednesday that 150 capital investment projects were recruited across the state. ABCcolumbia.com
Submitted yesterday

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North Carolina's biggest issue facing tech industry growth is 'recruitment,' report says
A recent report has North Carolina ranking sixth when it comes to technology employment growth – and, while that’s a good thing, it’s a ranking that brings in its own challenges. Ted Abernathy, managing partner of Economic Leadership, LLC, was the lead researcher for the North Carolina State of Technology Industry Report, and says the biggest challenge facing the sector in the state is recruitment. Triangle Business Journal
Submitted yesterday

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U-Haul report: North Carolina top 'U.S. Growth State'
U-Haul's orange and white moving trucks made the most trips into North Carolina last year, according to a recent report by the do-it-yourself moving and self-storage company. U-Haul put the Tar Heel State at No. 1 on its list of U.S. Growth States in 2015, as North Carolina posted the biggest net gain of one-way U-Haul truck rentals entering the state as opposed to leaving it during last year. Trailing North Carolina are, in order, Virginia, Ohio, Florida and California. Charlotte Business Journal
Submitted yesterday

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Federal Court Says North Carolina’s Gerrymandered Maps Are Unconstitutional
No state has done more in the post-Jim Crow era to restrict voting rights than North Carolina. Just weeks after the Supreme Court gutted a key provision of the Voting Rights Act, the state enacted a comprehensive voter suppression law that pulled together many different provisions used to restrict voting in other states. Meanwhile, its congressional maps offer only the illusion of a democracy. During the last presidential election, Republican candidate Mitt Romney received just over 50 percent of the popular vote in North Carolina. Nevertheless, Republicans won 9 of the state’s 13 seats in the U.S. House under North Carolina’s gerrymandered maps. Think Progress
Submitted yesterday

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Slower Job Growth Doesn’t Mean We’re Headed For A Recession
If the U.S. is headed for another recession, there isn’t much evidence of it in the latest jobs numbers. Employers added 151,000 jobs in January, the Bureau of Labor Statistics said Friday. The figure fell short of economists’ expectations and represents the slowest pace of hiring since September. Fivethirtyeight.com
Submitted yesterday

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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 Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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