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Koch Brothers Are The Largest Land Owners Of Canada’s Tar Sands
The Koch Brothers are known for many things — their vast financial empire, their conservative political ideology, their active political involvement, their support of the Keystone XL pipeline — but their Alberta, Canada land ownership has not been as widely discussed. A Washington Post feature has brought this subject back to attention as the Keystone XL debate heats up and discussion over the relationship between the Koch Brothers and their Republican allies. Think Progress
Submitted 1 years 239 days ago

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The EPA Just Gave President Obama Cover To Reject The Keystone XL Pipeline
If President Obama was looking for an official reason to conclude that the Keystone XL pipeline was not in the national interest of the U.S., the Environmental Protection Agency just delivered it to him in the form of a letter. The EPA told the State Department, which has handled the decision of whether or not to approve the pipeline because it would cross an international border with Canada, that the tar sands oil transported by the pipeline would pose a number of risks. These include: potential spills, a “significant increase in greenhouse gas emissions,” and due to global oil price volatility, an increased likelihood that much more tar sands oil would get burned if Keystone gets the green light. Think Progress
Submitted 1 years 239 days ago

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Texas startup plans $2B La natural gas liquification plant
LAKE CHARLES, La. (AP) — A Texas startup plans a $2 billion natural gas liquification plant and export terminal near Lake Charles, Gov. Bobby Jindal said Tuesday. Mysanantonio.com
Submitted 1 years 239 days ago

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No Keystone, No Problem for Canadian Oil Seeking Ports
While the debate intensifies over whether TransCanada Corp.’s Keystone XL pipeline should be approved, traders are quietly setting up alternative routes to ship Canadian oil from U.S. ports. Bloomberg
Submitted 1 years 239 days ago

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New LNG Project to Create Nearly 500 U.S. Jobs
Governor Bobby Jindal and Live Oak LNG Chairman Martin Houston announced the company will invest $2 billion to develop a liquefaction facility and liquefied natural gas export terminal near Lake Charles. The plant will be constructed on the Calcasieu Ship Channel, which connects the Lake Charles industrial region to worldwide markets via the Gulf of Mexico. Maritime-Exuctive.com
Submitted 1 years 239 days ago

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Obama 2016 Budget Seeks $21M To Deepen Savannah Harbor
SAVANNAH, Ga. — President Barack Obama is asking Congress for big money to help Georgia pay for deepening the Savannah harbor. The fiscal 2016 White House budget request released on Monday includes $21.05 million for dredging the river channel cargo ships use to reach the Port of Savannah. It's Washington's first major request for construction funding for the $706 million project since it won final approval in 2012.GPB.org
Submitted 1 years 239 days ago

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VIDEO: Advanced Industries Are the Center of America's Economic Future


Brookings.edu
Submitted 1 years 239 days ago

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Haslam's Medicaid-Expansion Bill "Hanging by a Thread"
NASHVILLE— Imagine: A governor overwhelmingly reelected without real opposition only three months ago is still so popular that his first appearance of his new term before a General Assembly composed almost entirely of his own party members draws such prolonged and hearty applause that he has difficulty persuading them to cease so he can speak. Memphisflyer.com
Submitted 1 years 239 days ago

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EDGE Board, PILOT Arrangements to Get Lookover by County Commission
Even as Governor Bill Haslam’s “Insure Tennessee” plan headed toward a showdown in Nashville, in Memphis another pent-up controversy was also headed for some overdue reckoning. On Wednesday's committee agenda of the Shelby County Commission is a call for open discussion of the future of the Economic Development Growth Engine (EDGE), which guides industrial and business expansion and awards economic incentives toward that end. Memphisflyer.com
Submitted 1 years 239 days ago

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Well-Designed Incentives: Not a Zero-Sum Game
Whether it be the book The Great American Jobs Scam, the DaimlerChrysler Corp. v. Cuno case in 1998, or the series of New York Times articles by Louise Story, the practice of using tax credits, grants, and other breaks to lure corporate investment has received a great deal of external scrutiny. The press and public alike have engaged in a legitimate debate over whether incentives are in fact good public policy. Area Development
Submitted 1 years 239 days ago

 

 

 

Features & Opinion

 Randle Report - Business News in the South

For those who still languish over "losing to China" or believe that the economy is still in recession, wake up and smell the data. Economic development in the South was about as good as it gets in calendar year 2015 according to the data. And as for China, borrowing a quote from the late football coach Bear Bryant that he made in the half-time locker room down 15-0 to Georgia Tech in 1960, "We got 'em right where we want 'em." For those of you who don't know the rich history of Alabama Crimson Tide football, Bama scored all of its 16 points in the fourth quarter, kicking a field goal on the last play of the game to beat Tech 16-15.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
Today, factories in the U.S. make twice as much product as they did in 1984. And they are doing it with one-third of the manufacturing workforce. In fact, the output of durable goods in 2015 was the highest in the nation's history. So, we do have a strong manufacturing base, at least in the South, much of the Midwest and parts of the West, and it is getting stronger because on a cost-basis, we can compete with any major manufacturing nation in the world.  
 

 Randle Report - Business News in the South

FEATURE     
The argument for or against a minimum wage hike continues between the reds and the blues, as well as within the economic development community in the South. Should we stay the course with a minimum wage under $8 an hour to better compete with Mexico, the South's biggest competitor for jobs, or set a minimum wage just over $10 an hour, a wage floor most centrists support? That $10 per hour is, according to the MIT Living Wage Calculator, about right in most states in the South for one adult to be able to cover basic expenses plus all relevant taxes.
 
 Randle Report - Business News in the South
Recent data from the Computing Technology Industry Association (Comp TIA) showed that the technology industry is one of the fastest growing job generators in the South and the nation. The report also indicated that technology job compensation is growing faster than any other sector.
 


 

 

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