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NASA names budget, schedule manager for Space Launch System in Huntsville
HUNTSVILLE, Alabama – Kathleen Pollard of Huntsville has been named to a top management position in NASA's Space Launch System program under way at the Marshall Space Flight Center. Pollard is the new manager of the Program, Planning and Control Office for the new deep-space rocket. Pollard will be responsible for managing budget and schedule for SLS with its annual budget of $1.6 billion. The rocket is one of NASA's top three big priorities, and NASA recently committed to having it ready to fly no later than December, 2018. "I am excited and honored to have the opportunity to be part of the team that's working to launch a safe, sustainable vehicle like SLS to missions unlike we've ever done," Pollard said in a statement. AL.com
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Nashville economy officially above $100B
The Nashville economy is now a $100 billion economy, according to a new report by the U.S. Commerce Department’s Bureau of Economic Analysis According to the BEA, Nashville gross domestic product in 2013 was $100.8 billion, up from $97.3 billion in 2012. That figure makes Nashville the 34 th largest metro region in the country. Nashville’s economy grew 3.6 percent in 2013, according to the BEA, more than double the collective growth pace of all metro areas throughout the United States. Nashville Business Journal
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Shipping at Charleston port reaches pre-recession levels
Shipping at the port of Charleston has reached its highest level since the beginning of the Great Recession, according to Jack Ellenberg, senior vice president of the S.C. Ports Authority. Also, the authority is spending $2 billion over the next decade for improvements to terminals, the harbor and transportation systems to grow business and prepare the port to better handle a new generation of super-sized cargo ship, Ellenberg told members of the Columbia Rotary Club on Monday. Once dredging is completed, scheduled for late 2018, Charleston would be the only Southeastern port capable of handling the super ships around the clock. The ships are long and deep enough to carry New York’s Empire State Building, Ellenberg said, and can transport up to 7,000, 40-foot-long shipping containers. The State
Submitted 2 hours ago

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Xerox to add more than 1,200 Kentucky jobs
Xerox will add more than 1,200 jobs — including 400 permanent positions — in its Lexington call center to handle increased demand. With the growth, the Norwalk, Connecticut-based company (NYSE: XRX) could become Lexington's second-largest private employer, WAVE-TV reported. Xerox plans to complete the hiring by the end of the year. The 800 full-time seasonal positions will support annual open enrollment for health care-industry clients. Business First
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Global technology company plans Louisville operation with up to 250 jobs
Computershare Inc., a financial and technology services company in the securities industry, plans to open a Louisville operation with as many as 250 workers. At a specially called meeting Monday afternoon, the company received preliminary approval from the Kentucky Economic Development Finance Authority for $2.5 million in tax incentives. The incentives are based on the company's plans to invest a little more than $12 million and create 250 jobs in the next 10 years, according to the KEDFA filing. The jobs would have an average hourly wage of $20. Business First
Submitted 2 hours ago

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Report: NC among states most tied to income tax
RALEIGH, N.C. — The income gap that's been growing for years increasingly is undermining public treasuries in North Carolina and other states, a new report by the investment rating agency Standard & Poor's says. North Carolina is among the 10 states most reliant on income tax revenues, the S&P report released Monday said. The increasing flow of wealth to top earners is likely to force policy-makers into a choice between raising tax rates on the rich or cutting spending, the report said. The report builds on an analysis the firm released last month about how inequality is hampering the U.S. rebound from the Great Recession. That report advised against politicians taxing the rich to narrow the gap and instead increasing education access to help individuals compete for higher wages. But the growing gap between rich and poor also has implications for how states will be able to afford education, medical care and road maintenance in the future, the study said. Raleigh News & Observer
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Bill Clinton to Kentucky's McConnell: "What about 9/11?"
WASHINGTON - Former President Bill Clinton just made an ad for Alison Lundergan Grimes. Well, not really, but it sure sounded like the kind of attack that would make Democratic ad copy against Grimes' opponent, Senate Minority Leader Mitch McConnell, R-Ky., who is seeking election to a sixth term. Campaigning Sunday for Democratic candidates in Iowa, Clinton declared: "You will not have to worry that if you elect them, 30 years from now they will actually stand up with a straight face before a bunch of rich, out-of-state donors and say, 'The saddest day of my life was when I couldn't take it all from you and keep it a secret.'" Louisville Courier-Journal
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56 downtown Augusta businesses launch marketing campaign to lure patrons, curb reputation for crime
With new measures in place to curb street violence and illegal vendors, downtown Augusta businesses have again pooled their resources to launch a grassroots movement aimed at reclaiming the entertainment district as a safe, fun and thriving area. The most prominent aspect of the new, six-month “We are Downtown Augusta” campaign is a 20-foot tall billboard on John C. Calhoun Expressway, the last one visitors see before entering the city center from the west. The four-word phrase dominates the light blue sign, and smaller storefront banners have been made to highlight the 56 businesses involved in the project. Contributing partners pay $10 a month for the advertising and are listed in smaller red lettering around the campaign’s slogan, which is set in bold letters in front of a 1950s photograph of downtown Augusta. Augusta Chronicle
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US wealth gap putting the squeeze on state revenue
WASHINGTON — Income inequality is taking a toll on state governments. The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard & Poor's. Even as income for the affluent has accelerated, it's barely kept pace with inflation for most other people. That trend can mean a double-whammy for states: The wealthy often manage to shield much of their income from taxes. And they tend to spend a lower percentage of it than others do, thereby limiting sales tax revenue. As the growth of tax revenue has slowed, states have faced tensions over whether to raise taxes or cut spending to balance their budgets as required by law. AJC.com
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US labor board orders Atlanta-based CNN to rehire fired workers
WASHINGTON — The National Labor Relations Board ruled against the CNN cable television network on Monday in an 11-year-old labor dispute, ordering the network to rehire or compensate about 300 former workers. The NLRB agreed with a November 2008 ruling by one of its administrative judges that CNN improperly replaced a unionized subcontractor, Team Video Services (TVS), with in-house non-union staffers, claiming "anti-union" bias. "We agree with the judge, essentially for the reasons he states, that CNN committed each of these violations," the board wrote. AJC.com
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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     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 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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