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Aleris Corporation Begins Construction On $350 Million Aluminum Rolling Mill In Hancock County, Kentucky
Aleris Corporation started construction on its $350 million expanded aluminum rolling mill in Hancock County, Kentucky. Area Development
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Appalachian Biofuels Invest $3.5 Million In Russell County, Virginia, Biodiesel Production Facility
Appalachian Biofuels will invest $3.5 million to establish its headquarters and enzymatic biodiesel production facility in Russell County, Virginia. The project will create 40 new jobs in the Commonwealth. Area Development
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Could a robot do your job?
As a personal care aide, Marcia Olson spends 35 hours a week cooking, cleaning, giving insulin shots or just spending time with her elderly client. "Anybody can do this job, but it isn't for everybody," says the 61-year-old Olson, who has been a care aide for 23 years. It's a hard job, but rewarding, she says. USA Today
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Intertex Transloading Services Establishes Transloading Facility In Berkeley County, South Carolina
A company specializing in the distribution of synthetic rubber, carbon black and process oils, Intertex World Resources will invest $3.2 million to open its Intertex Transloading Services in Moncks Corner, South Carolina. This new Berkeley County facility, a more than 100,000-square-foot building located at 164 Spring Grove Road, will specialize in the transloading of carbon black. Area Development
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Offshore wind energy taking the next steps in South Carolina
CONWAY — The next step in North Myrtle Beach’s years-long drive to become the offshore wind energy capital of South Carolina will begin next month, when Coastal Carolina University, the University of South Carolina and others begin the work to label areas in the Atlantic Ocean off South Carolina as good and not-so-good for the development of wind energy farms. Paul Gayes, director of the Burroughs & Chapin Center for Marine and Wetland Studies at Coastal Carolina University, said Wednesday the study will use $750,000 from the U.S. Bureau of Ocean Energy Management with a match from the state to narrow down a broad swath of ocean to areas that can then be studied further by private companies that might build the farms. Myrtlebeachonline.com
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North Carolina Cigarette Plant to Switch to Producing Batteries
Former Phillip Morris cigarette plant in Concord, North Carolina will produce batteries to store energy for wind and solar farms, Fortune reports. The Swiss owned startup Alevo, which manufactures batteries, bought the 3.5 million square foot plant. The batteries are lithium-iron-phosphate and can be charged within 30 minutes, run 24/7 and last for 40,000 charges. Triplepundit.com
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Bitter Senate fight divides North Carolina
Sen. Kay Hagan (D-NC) took her campaign for re-election to friendly territory on Wednesday, urging an African-American audience to get out and vote early in her election showdown with Republican Thom Tillis, as the tenor of the race in the Tar Heel State became even more strident in its final days. wsbradio.com
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Duke Plant Needed Or Not?
As environmentalists petition to have Duke Energy shut down its coal-fired power plant in South Asheville, the utility says that is not reasonable. A Duke Energy spokesman told Asheville City Council Tuesday night that shutting down the plant would be "irresponsible." wwnc.com
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In Georgia, a State Divided Into Red and Blue
ATLANTA—In the red state of Georgia, a razor-tight Senate race between Democrat Michelle Nunn and Republican David Perdue is catching some conservative voters by surprise. “Why is it so close?” asked Margaret Eidson, 77, of Monroe. “I can’t imagine why it’s so close.” Newsweek
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US ECONOMY BEATS EXPECTATIONS
GDP growth was much stronger than expected in Q3. According to the BEA's advanced estimate, GDP grew at a 3.5% pace. While this was down from 4.6% in Q2, it was well ahead of the 3.0% expected by economists. Business Insider
Submitted yesterday

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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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