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NC Rules Review Commission approves fracking standards
RALEIGH -- North Carolina’s proposed fracking safety standards sailed through a rules review Wednesday despite a staff attorney’s warning that several rules failed to meet state standards and should be put out for public hearing. The Rules Review Commission’s approval means the fracking rules won’t be delayed by several months for extra reviews and hearings. Instead, the rules, written by the Mining and Energy Commission, are now headed to the state legislature, which is expected to lift North Carolina’s fracking moratorium in a matter of months. The Rules Review Commission approved 117 rules in all, covering such items as chemical disclosure, well shafts, water storage, water testing and buffer zones. Charlotte Observer
Submitted 12 hours ago

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Economic ties bind Savannah, Israel
Opher Aviran is bullish on Savannah. So is the country he represents. Aviran is the Israeli Consul General to the Southeastern United States. He was in Savannah last week to give a public lecture sponsored by the Savannah Jewish Federation, tour Caesarstone, the Israeli custom quartz surfaces manufacturer that is building a plant in Richmond Hill, and visit with Savannah Mayor Edna Jackson, with whom he has developed a fast friendship. Aviran, who was recently promoted to the rank of ambassador, met Jackson in 2012 when the Savannah Jewish Federation sponsored her trip to Israel to attend an international conference of mayors. Savannah Morning News
Submitted 12 hours ago

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Georgia movie complex announces deal with Penny Marshall for two films
A company related to Effingham County’s Moon River Studios has announced a two-picture deal with director Penny Marshall, saying photography for the first film will start in January in Savannah. The film will tell the story of Effa Manley, the first woman to be inducted into the Baseball Hall of Fame, according to the announcement. Manley managed the National Negro League’s Newark Eagles in the 1930s and 1940s. Moon River CEO Jake Shapiro declined Thursday to detail specifics about how the two films and the company formed to make them – Studioplex City LLC – are related to Moon River. He said more details will be announced soon, possibly as early as next week. Savannah Morning News
Submitted 12 hours ago

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La. could benefit from increased trade with Cuba
Louisiana — already the country’s leading outlet for limited exports to Cuba — could benefit down the line from plans to re-establish diplomatic relations and expand the types of goods U.S. companies are allowed to sell to the communist country, several Louisiana officials said Wednesday. Former Gov. Kathleen Blanco, who led a four-day trade mission to Cuba in March 2005, said Louisiana is in a unique position to take advantage of Cuba opening up to trade. During her trip with 17 business people, Cuba and Louisiana signed a $15 million trade deal in which Louisiana sold the island nation foodstuffs. “It was a one-way street. We sold; Louisiana businesses were advantaged,” she said. Blanco said she found Cuba was a poor country, dependent on Russia. Now that the Russians are becoming more aggressive on the world stage, she said it might be wise for the U.S. to reach out to Cuba. Baton Rouge Advocate
Submitted 12 hours ago

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South Florida busineses may gain from revised U.S.-Cuba policy
As the United States takes steps to normalize relations with Cuba, South Florida businesses centered on banking, shipping, trade, telecommunications and travel are positioned to reap benefits — over time. “The immediate implications aren’t anything other than just hopeful watching towards an environment that ultimately becomes a democratic transition,” said Adolfo Henriques, chairman and chief executive of Gibraltar Private Bank & Trust, based in Coral Gables. “It’s going to take awhile before the actual requirements, opportunities and so on develop and materialize. It’s not anything that will develop overnight.” Miami Herald
Submitted 12 hours ago

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Dominion Virginia Power customers could see bills rise 30 percentby 2025 to meet EPA plan
Dominion Virginia Power customers would see their electricity bills go up about 30 percent by 2025 under proposed federal carbon emission regulations, state lawmakers learned Wednesday. That would amount to about $400 a year in higher electricity bills for a typical residential customer using 1,000 kilowatt-hours a month. Richmond-based Dominion Virginia Power is the state’s largest electric provider with 2.4 million customers. The U.S. Environmental Protection Agency has proposed rules cutting carbon emissions from existing power plants 30 percent below 2005 levels by 2030 in an effort to fight climate change, improve public health and provide affordable energy. Richmond Times-Dispatch
Submitted 12 hours ago

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Government regulations hamper hiring, economic growth, manufacturers group president says
American manufacturers are longing to invest and create new jobs to fuel American growth but are being held back by costly regulations coming from Washington and uncertainty about what lies ahead, the head of the nation’s biggest manufacturing trade group said. National Association of Manufacturers (NAM) President and CEO Jay Timmons said the regulatory burden that amounts to a $2.02 trillion charge on the U.S. economy was built up over several presidencies and by both parties, but Obama administration policies on taxes, health care and ozone and carbon emissions have only added to the problem. The Washington Times
Submitted 12 hours ago

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Downtown Oklahoma City is booming
Downtown is booming, and Oklahoma City’s skyline is set to grow at a pace not seen since … the Great Depression. Let that thought sink in for a moment. If all plans proceed as expected, by 2016 work will be underway on five new high-rise towers. Chicago-based Clayco wants to start construction this spring on a 25-story corporate headquarters for OGE Energy Corp. and an adjoining 26-story residential tower. The company also is set to build a matching multitenant office tower and a second apartment tower. Houston-based Hines, meanwhile, is set to start construction of a 27-story tower. In terms of filling out the skyline, these newest buildings are not the tallest nor the shortest to be added, but will instead hover in size between the Oklahoma Tower and SandRidge Tower. Daily Oklahoman
Submitted 12 hours ago

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Interactive report on Kansas City's downtown development boom
Want to keep track of Kansas City’s downtown renaissance? Today, The Kansas City Star unveils an interactive report on KansasCity.com that displays about 70 downtown projects totaling more than $1.7 billion that either have been announced, are in progress, or have been completed since the start of 2012, with the exception of some major civic projects. Readers can access the project on their desktop computer and any mobile device, and it will be updated as projects progress. You might be surprised by the scope of the development that dots all areas of greater downtown — an area that includes Crown Center, the Crossroads Arts District, the Downtown Loop and River Market. It also happens to be the geography linked by the new 2.2-mile streetcar line expected to be completed next year. KansasCity.com
Submitted 13 hours ago

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Giarratana sees 60-story Paramount transforming Nashville's skyline
Developer Tony Giarratana's planned 60-story residential high-rise at the southwest corner of Fifth and Church will be called Paramount, a $225 million project he expects to redefine downtown's skyline and Nashville's regional identity much like the L&C Tower did more than five decades ago. At 750 feet tall, the 884,533 square foot Paramount will out-rank the 333 Commerce St. Building, nicknamed the "Batman Building," as the state's tallest skyscraper. The overall project is expected include 630 units — a mix of apartments, condos, penthouses and townhomes that should help to fill demand for more residential dwellings downtown, though some analysts are generally concerned about a glut depending on when they come online. The Tennessean
Submitted 13 hours ago

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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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