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Norfolk reported out, then back in, for Stone Brewing
UPDATE: Stone Brewing responded late Thursday to confirm that no decision has been made. "(A)ll three cities are still being considered," wrote Sabrina LoPiccolo, spokeswoman for Stone Brewing. EARLIER: Whoops. Style Weekly in Richmond reported Thursday that radio comments by Gov. Terry McAuliffe implied that Norfolk had been eliminated as a contender for a large craft brewery. The publication later issued a clarification. "I had to sit and drink beer with these guys at the mansion the other night," McAuliffe said Thursday morning on WRVA's "Ask the Governor" show. "It's between us and Ohio. We've got to get it here in Virginia. This is where Stone ought to be." Style Weekly reported McAuliffe's comments along with information from anonymous sources inside Richmond City Hall who said Stone appeared to have eliminated Norfolk. Virginian-Pilot
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Gov. McAuliffe touts economic development before Asian Chamber
Gov. Terry McAuliffe on Thursday touted the state’s economic development accomplishments so far under his administration and assured members of the Virginia Asian Chamber of Commerce that he is working to provide more state contracting opportunities to small businesses owned by women and minorities. “We are off to a very fast start,” McAuliffe said at a Virginia Asian Chamber of Commerce meeting in Chesterfield County. “There are 68,667 more jobs in Virginia today than when I took the oath of office,” McAuliffe said, adding that the state has landed 163 economic development deals and $4.4 billion in investments. Richmond Times-Dispatch
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Lynchburg, Va. seeks input on canal’s future
LYNCHBURG, Va. (AP) - For 40 years on Lynchburg’s riverfront during the 19th century, the Kanawha Canal was a transportation system that took travelers from Richmond to the Hill City by boat. Teams of horses and mules would pull canal packet boats along the towpaths of the canal as regular traffic flowed from Richmond to Lynchburg and as far west as Buchanan. After the rise of railroads and flooding ended the canal era in 1880, only remnants can be seen today at the 9th Street stone bridge and areas in Riverfront Park. The city of Lynchburg is planning to reuse the area and is inviting the public to weigh in on the canal area’s future. Cheree Taylor, project manager of downtown revitalization, said the canal is a “civil engineering landmark” and fits in with overall plans for attracting more people downtown. “This is part of the downtown revitalization master plan, to build out the space,” she said. The Washington Times
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West Virginia business index points to healthy growth
West Virginia’s economy should continue growing at strong pace through early 2015, according to the latest state business index from researchers at West Virginia University. The Mountain State Business Index, a measure of state business activity compiled by WVU’s Bureau of Business and Economic Research, grew at a 0.5 percent pace in August, its fifth consecutive month of strong growth. Over the past year, the index has increased 2.3 percent, but looking at the last six months, the index has grown at a faster, 4.7 percent pace. Bureau director John Deskins said that paints a positive outlook for the state’s economy. Charleston Daily Mail
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‘Make in India’: Prime minister envisions manufacturing hub to rival China
Seeking to put some muscle behind his promise to revamp and revitalize his nation’s economy, Indian Prime Minister Narendra Modi will unveil a sweeping “Make in India” campaign Thursday just ahead of his highly anticipated trip to the U.S. The aim of the campaign will be to turn India, which has lagged behind rival China in the international economic sweepstakes, into a global manufacturing hub and generate major job opportunities across the country, officials said. The campaign will be presented to executives of some 3,000 companies and will be publicized in world capitals, according to a report by New Delhi Television Ltd. The Washington Times
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One Good Sign the Economy Is Staying Strong: Your Payroll Tax Withholdings
The U.S. economy grew at a 4.6% annual rate in the second quarter, according to the latest report from the Commerce Department. But leaves are turning brown now and this morning’s report describes what happened from April to June. How has the overall economy performed since then? Here’s some evidence the strength has continued. One gauge of economic activity goes all the way through this week: payroll tax withholdings. Every day the U.S. Treasury reports the amount of revenue received from withholdings. This creates a handy, real-time gauge of the economy because the tax payment is typically collected from each paycheck. When people get raises, payroll-tax revenue rises the moment an increase goes into effect (and, of course, vice versa). The Wall Street Journal
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U.S. Economy Grew at 4.6% Rate in Second Quarter
The U.S. economy grew in the spring at the fastest pace since late 2011, another sign the recovery is regaining steam after a rough start to the year. Gross domestic product, the broadest measure of goods and services produced in the U.S., expanded at an annual rate of 4.6% in the second quarter, the Commerce Department said Friday in its third estimate of the gauge. The agency previously pegged April-through-June growth at 4.2%. The economy last grew at a 4.6% pace in the fourth quarter of 2011 and hasn't exceeded that rate since the first three months of 2006, during the last economic expansion. The Wall Street Journal
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State financing for Alabama’s public colleges has declined, but is that good or bad?
Public universities in Alabama have seen the share of their revenue that comes from state funding drop by an average of 15.4 percent over the past 25 years, according to data compiled by the Chronicle of Higher Education. Only one public university in Alabama has seen its percentage of revenue from state funding increase over the last quarter century — Alabama A&M, which has seen a 12.5% bump in the share of their revenue that comes from state support. yellowhammernews.com
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Teachers union sues Louisiana to block $60 million in charter school funding
The Louisiana Association of Educators has sued the state of Louisiana to block it from using its main school budget to fund certain types of charter schools, saying such funding is unconstitutional. A decision in the association's favor could pull $60 million from about 25 schools, including Belle Chasse Academy, the International School of New Orleans and Jefferson Chamber Foundation--East, requiring the state to find another way to fund them. NOLA.com
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10Best: Ways to make the most of Asheville, N.C.
Asheville, NC, has become the artisanal DIY center of the South, making it a premier destination for visitors to experience unique food, art, and music. And its location along the Great Smoky Mountains makes it an unbeatable destination for nature lovers, lending the perfect backdrop for experiencing the culture Asheville has to offer. USA Today
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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 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     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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