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Toyota Ups Commitment to $1 Million for Early Childhood Education in Kentucky
Lexington, Ky – Toyota Motor Manufacturing Kentucky, Inc. (TMMK) and Toyota Motor Engineering & Manufacturing North America are providing funding to United Way of Kentucky to expand the Toyota bornlearning Academies, which launched last fall at 10 Kentucky elementary schools. The academies will be established at 62 Kentucky schools through 2016, Toyota announced at a press conference in the state Capitol in Frankfort, Ky. The academies work with parents and caregivers of children from prenatal to five years in preparation for kindergarten. Business Lexington
Submitted 1 years 284 days ago

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Florida Governor Signs Law to Rein in FL's Nuclear 'Tax'
Late last Friday, Florida Governor Rick Scott signed SB 1472 into law. The new law attempts to clamp down on the state's controversial nuclear cost recovery payment scheme that allows utilities to charge customers in advance for proposed new nuclear power generation. The original anti-consumer legislation, now commonly referred to as Florida's "nuclear tax," was passed by the state legislature in 2006. Dr. Stephen A. Smith, executive director of the Southern Alliance for Clean Energy, issued this statement about the bill's signing: "We welcome the Governor's signature on this modest bill, which is an important step in reining in unbridled utility access to consumers' wallets. We remain concerned, however, that the Governor's appointments to the Public Service Commission continue to be captive agents of the large power companies in Florida. This bill will not work if the Public Service Commission does not work. Energybiz.com
Submitted 1 years 284 days ago

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Labor Dispute Highlights Coal’s Darkest Days
Most Americans realize that coal companies have been contesting the decisions of federal regulatory agencies. But many do not see the infighting that has occurred between mining executives and their labor unions, which have a long and painful history that centers on working conditions and job security. The two separate dynamics have converged in what is known as Patriot Coal versus the United Mine Workers of America. In this case, the company is trying to emerge from bankruptcy and is asking workers for a $150 million in concessions, which include cuts in fringe benefits, especially health care-related ones to retirees; at least 1,700 current employees and 23,000 former workers and their dependents would be affected. Those promises, they say, were rewarded to them after working in underground mines and after taking numerous risks. Energybiz.com
Submitted 1 years 284 days ago

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Boeing Confirms Plan for Longer Dreamliner
LE BOURGET, France — Boeing said on Tuesday that it had formally committed to building a stretched version of its flagship 787 Dreamliner jet after receiving firm orders for 102 of the planes from five airlines and aircraft leasing companies. The announcement gives the American plane maker orders for the new version worth more than $29 billion at list prices, a welcome bit of news for the Dreamliner program after troubles with its lightweight but volatile lithium-ion batteries grounded the entire 787 fleet for three months this year. “Our team and our customers are excited about growing the product line and expanding our presence with this family of airplanes,” said Raymond L. Conner, the chief executive of Boeing’s commercial aircraft division. “Our ongoing investment in the 787 family is well founded.” The New York Times
Submitted 1 years 284 days ago

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Report: Biggest 787 Dreamliner to be built exclusively in SC?
Suspicion that the largest version of the 787 Dreamliner might only be assembled in North Charleston, not in Washington, seemed to move closer to truth Sunday at the Paris Air Show. According to The Seattle Times, Boeing’s commercial airplanes chief Ray Conner was “surprisingly noncommittal” when asked whether the longer fuselage sections of the double-stretch 787-10 could be transported by Dreamlifter to Everett, Wash. like those for the 787-8 and -9. “We’re still looking at that,” Conner reportedly told a group of journalists at the biggest aerospace event of the year. “We haven’t made the determination on that yet.” Washington officials have “worried for some time” that the logistical issues unique to the 787-10 could mean it will be built exclusively in South Carolina, according to the article. Post and Courier
Submitted 1 years 284 days ago

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Bobby Jindal Has Completely Lost Touch With Reality
Last November, Louisiana Gov. Bobby Jindal (R) wrote a list of seven prescriptions for Republicans. These included "Reject identity politics," "Stop being the stupid party," and "Stop insulting the intelligence of voters." Apparently he's forgotten. Business Insider
Submitted 1 years 284 days ago

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States Scramble to Attract Suddenly Hot Cybersecurity Firms
As data dragnets and information breaches dominate the news, states are scrambling to cash in on a rapidly expanding business sector by offering tax incentives to firms that protect sensitive information from outside attacks. Pew States
Submitted 1 years 284 days ago

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Malloy: Don’t mess with Connecticut
Texas isn't all it's cracked up to be, at least according to the Connecticut governor. On the eve of the Texas governor coming to poach Connecticut jobs and on the heels of a legislative session attacked by the business community, Gov. Dannel P. Malloy is making it clear companies are better off sticking with the Nutmeg State. "It is amazing how short people's memory is," Malloy said. "Connecticut has its strengths, and Texas has its strengths." Hartfordbusiness.com
Submitted 1 years 284 days ago

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For Some Areas, the Fed Taper Already Has Begun
As investors prepare for the Federal Reserve's slow exit from its extraordinary easing measures, it is emerging markets that are taking perhaps the biggest hit. CNBC
Submitted 1 years 284 days ago

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Amarillo Economic Development Corp. proposes $1M grant for Western Life/AIG
Amarillo Economic Development Corp. wants to invest $1 million for an eventual return of at least $4.7 million a year. amarillo.com
Submitted 1 years 284 days ago

 

 

 

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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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