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Study: More SC kids living in poverty
South Carolina ranks near the bottom – 43rd among the 50 states – in a ranking of children’s well being. That is according to the newly released Kids Count report, a project of the Annie E. Casey Foundation, that assesses the overall health of the nation’s children, including their economic health, family situation and education. The State
Submitted 1 years 266 days ago

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Study: Sequestration Could Wipe Out as Many Jobs as Recovery Has Created
The Aerospace Industries Association released a study on last week estimating that if the sequestration provisions of the Budget Control Act are triggered on Jan. 2 as currently legislated, the number of jobs lost would be about as great as the number created during the time President Obama has been in office. IndustryWeek
Submitted 1 years 266 days ago

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Why We Shouldn't Work More Than 40 Hours Per Week [INFOGRAPHIC]
There's been a lot of talk lately about how Americans are ridiculously overworked and that the extra hours actually harm productivity over the long run. No wonder a growing number of Americans hate their jobs. The site OnlineMBA.com published this infographic to explain why Americans should be working less: Businessweek
Submitted 1 years 266 days ago

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LA Gov. Jindal, Methanex Announce $550 Million Methanol Plant
GEISMAR — Governor Bobby Jindal and Methanex Vice President of Corporate Development Gary Rowan announced the company will relocate a methanol production plant from Chile to a 225-acre site in Geismar. Canada-based Methanex Corp. will spend $550 million on the project, which will give the company its first U.S.-based methanol production facility in more than a decade. The new plant will create 130 new jobs, with an average salary of $56,250, plus benefits. The project will result in 996 new indirect jobs. Southern Governor's Association
Submitted 1 years 266 days ago

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MO Gov. Nixon: Carbon Fiber Manufacturer to Expand Operations
ST. PETERS -- A St. Louis-area company that manufactures carbon fiber material for use in a variety of products is expanding its operations and plans to create 155 new jobs, Gov. Jay Nixon announced. Zoltek Corp., which already has two locations in the St. Louis area, is making a capital investment of $15 million in the area's economy by locating its new research and development and manufacturing facility in St. Peters. Southern Governor's Association
Submitted 1 years 266 days ago

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Charlotte-area small business owners tell Obama: Yes we did
DENVER Nicole Goolsby, 48, started her small business, the Cornelius, N.C.-based Rion Homes, 12 years ago after taking out a $15,000 loan on her credit card and setting up a desk in her bedroom. She says she did not rely on the federal government for help – reacting to recent comments by President Barack Obama that “if you’ve got a business – you didn’t build that; somebody else made that happen.” Charlotte Observer
Submitted 1 years 266 days ago

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Haley’s daughter gets state job; questions of nepotism
Gov. Nikki Haley’s 14-year-old daughter is working in the State House gift shop, raising questions about nepotism that the governor’s office declines to answer. The shop is run by the S.C. Department of Parks, Recreation and Tourism, a state agency whose director, Duane Parrish, is appointed by Haley. The State
Submitted 1 years 266 days ago

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Homestead, Fla.’s City Labs creates first commercial battery that can last 20 years in extreme conditions
The NanoTritium can travel into enemy territory, plunge to the bottom of the ocean and even settle into the human heart. And it keeps going, even through extreme temperatures and vibration, for 20 years or more. Just the size of an adult’s thumb, NanoTritium is a different kind of battery — and now it’s available commercially. Homestead-based City Labs, the small high-tech company that created NanoTritium, says it’s the first time such a power source has gone on sale to end-users — most likely companies — that don’t have specialized training or separate regulatory approval. Florida International University alum Peter Cabauy and University of Miami alum Denset Serralta say their low-power battery can be used to run micro-electronics anywhere that’s hard, dangerous or expensive to reach. Miami Herald
Submitted 1 years 266 days ago

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Chinese maker of U.S. Olympic uniforms baffled by backlash
DALIAN, China — If Horatio Alger had spoken Mandarin he would have loved the rags-to-riches tale of garment maker Li Guilian. A farmer's daughter who got her start stitching aprons in the countryside, she has built a $300-million company that's listed on the Shanghai Stock Exchange. Now 66, Li employs 10,000 workers sewing fine clothing for some of the world's most famous brands and powerful people. Los Angeles Times
Submitted 1 years 266 days ago

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Bob Higgins resigns from Baldwin County Economic Development Alliance
The Baldwin County Economic Development Alliance said today that Senior Vice President Bob Higgins has resigned effective Aug. 1, planning to spend time on several local and statewide initiatives in which he is currently involved. Mobile Press-Register
Submitted 1 years 266 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Reshoring manufacturing capacity from primarily Asia to the South and Mexico is now a common thing to do and it's all about money. When China joined the World Trade Organization in 2001, the average manufacturing wage in China's Pearl River Delta (PRD) was about 58 cents an hour.

 Randle Report - Business News in the South

 FEATURE  
By Dr. Glen Fenter
Desperation sometimes masks itself in acceptance. Such was the case for Takelia Carter of Marion, Ark. For Carter, the mother of six school-age children in a low paying job, desperation was normative existence. This was her life in Crittenden County, Ark., deep in the Delta where unfortunately one in four families lives well below the poverty level.
 

 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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