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Businesses add 212,000 jobs in February
Private employers hired 212,000 workers in February, adding more muscle to the frame of a growing U.S. labor force. Payroll processor ADP's survey released Wednesday morning showed the seasonally adjusted number of new positions added in February. USA today
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Specialty Polymers, Inc. expanding Chester County operations
COLUMBIA, S.C. – Specialty Polymers, Inc., a privately held manufacturer of water-based emulsion polymers and adhesives, is expanding its existing Chester County operations. The $5.5 million investment will significantly increase the plant’s capacity and generate five new jobs. Founded in 1969 in Salem, Ore., Specialty Polymers is known for its state of the art innovations, environmentally friendly emulsion polymers and outstanding customer service. The Company has more than 300 active products with customers around the world. In 1999, Specialty Polymers broke ground on its Chester, S.C. plant, the company’s first East Coast facility. Today, the firm boasts more than 100,000 square-feet of combined production space between its South Carolina and Oregon facilities. SC Commerce
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The FCC Has Ruled on Net Neutrality; Do States Get a Say?
Among the many details of the FCC's net-neutrality plan that remain vague is the role of states in implementing the regulations, setting in a modern context one of the oldest debates in American politics: the overlapping and sometimes conflicting roles of state and federal government. The Constitution affords the federal government jurisdiction over commerce that bleeds over state lines. State governments have the authority to regulate what's left over: activities that take place within the borders of the state. That distinction is enshrined, with a few exceptions, in the Telecommunications Act of 1996, which gives the FCC the authority to regulate interstate trade and under certain circumstances preempt state regulations. National Journal
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Jobs Alone Aren't The Answer
GIVE THEM A JOB now, and they’ll stay. That’s the assumption many states make about their younger citizens, especially states that have been losing population, like Illinois and Vermont. Local politicians take pride in the internships or starting positions they come up with, confident that a good offer will keep their young people from straying. Forbes
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Jobs or Quality Jobs?
If the economic predictions offered by MarketWatch in January come to fruition, 2015 should be a good year--economically speaking. Supported by an unemployment rate that has plunged from 5.7% in January from 8.6% three years ago, MarketWatch predicted the following upbeat news: Huffington Post
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Company looks to relocate to Tamarac, gets incentives
Even as Coral Springs finalizes plans for the revamp of its corporate park, neighboring Tamarac seems to be going all out to attract new companies to its commerce park. At a recent meeting, the Tamarac City Commission approved providing economic incentives to an aerospace manufacturing company that plans to relocate to the commerce park. In 2013, the city had successfully wooed Unipharma, a multi-national pharmaceutical company that was based in Venezuela. Sun-Sentinel
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Mecklenburg commissioners approve Frito-Lay tax incentives
Mecklenburg County commissioners on Tuesday approved their portion of nearly $3.3 million in tax incentives for an expansion project by snack giant Frito-Lay, but not without some fireworks on the fairness of incentive grants. The company plans to spend $74 million to expand an existing southwest Charlotte warehouse and distribution center, generating 30 to 35 jobs with an average $50,000 a year salary. Under the agreement with Mecklenburg and the city of Charlotte, Frito-Lay will be refunded 90 percent of the new property taxes it pays over five years until the total reaches $3.3 million. Charlotte Observer
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Bill would double NC fund for economic incentives
A state House Finance committee today voted 30-9 in favor of a Republican-sponsored bill on economic development that would double to $45 million the largest pot of annual state incentives available to Gov. Pat McCrory and Commerce officials. House Bill 117 goes to a House Appropriations committee that could address the bill today after the House session ends. An equivalent bill has not been filed in the Senate. Journal now.com
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How do Louisiana's filmmaking tax incentives stack up to those in other states?
As Louisiana legislators consider changes to Louisiana's much-discussed filmmaking tax incentive program, it's only natural for locals to be curious about how the local incentives match up to those in other states. The problem is, with 36 states plus Puerto Rico and the District of Columbia all dangling a carrot of one form or another in front of filmmakers -- ranging from rebates to tax credits to grants -- getting one's arms around it all is a daunting task. NOLA.com
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BEST INDUSTRIES 2015 The 6 Best Industries You've Never Heard of
Sometimes the key to identifying a market opportunity requires looking where everyone else isn't. As a part of Inc.'s annual look at the best industries for starting a business, we decided to shine a light on some of the promising but lesser-known niche sectors that aren't getting the attention they deserve. Here (in alphabetical order) are the six best industries for starting a business that you've probably never heard of. We made these selections from IBISWorld's exhaustive list of U.S. sectors, which takes into account everything from revenue data to competition to barriers to entry. Inc.com
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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 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
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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