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Exxon: Energy revival will stay
NEW YORK — Exxon says the energy renaissance in the U.S. will continue and predicts that North America will become a net exporter of oil and natural gas by the middle of the next decade. The company’s annual long-term energy outlook, released Tuesday, says the rapid growth of production in the U.S. and Canada, along with improved energy efficiency, will lead to more oil and natural gas being sent overseas. The Advocate
Submitted 1 years 290 days ago

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Four La. governors recall their terms
In a rare gathering, all four former governors of Louisiana on Wednesday afternoon discussed the ups and downs of their time in office. Former Govs. Kathleen Blanco, Mike Foster, Edwin Edwards and Buddy Roemer appeared for a 65-minute discussion as part of the Council for a Better Louisiana’s 50th anniversary. Roemer, who served from 1988-92, recalls being overwhelmed at times by problems of unemployment, the state’s low bond rating and major problems in the state’s oil and gas industry. “I would sit on the edge of my bed crying” at the end of another 17-hour day, he told the group. Blanco said her three predecessors grappled with “amateur crises” compared to Hurricane Katrina and its aftermath. “To see our people so terribly wounded was one of the most powerful things that I had to do,” Blanco said. The Advocate
Submitted 1 years 290 days ago

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Monitor: Ga. nuclear plant delayed at least 1 year
Building the first in a new generation of nuclear power plants could take at least a year longer than expected and involve hundreds of millions of dollars in extra costs. Atlanta-based Southern Co. planned to have the first of its new reactors at Plant Vogtle (VOH'-gohl) built by April 1, 2016. A second reactor in eastern Georgia was supposed to start operating the following year. A nuclear engineer hired by Georgia's Public Service Commission, William Jacobs Jr., says he believes the first plant will not be completed earlier than June 2017. He says longer delays are possible. Atlanta Journal-Constitution
Submitted 1 years 290 days ago

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Correction: Energy Incentives story
JACKSON, Miss. (AP) — JACKSON, Miss. (AP) — In some versions of a Dec. 11 story about state aid to alternative-energy companies, The Associated Press erroneously reported that the state of Mississippi gave economic aid to GreenTech Automotive without a contract. The Mississippi Development Authority signed a loan agreement with GreenTech before loaning the company $3 million. A corrected version of the story is below: Alternative energy start-ups got $227M in loans from Miss., have produced fewer than 500 jobs Businessweek
Submitted 1 years 290 days ago

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Regardless How They're Counted, Incentives Do Nothing for Economic Development
Last Friday, I wrote here on the "uselessness of economic development." Using The New York Times’s new database on state and local economic development incentives, I found no association between these incentives and key measures of economic performance and found virtually no association for the fifty states. One thing is clear about this topic: it gets people talking. The Times’s series itself sparked an onslaught of debate, and my analysis here on Cities prompted a lively debate in the comments as well as some illuminating email exchanges from various experts in the field. Atlantic Cities
Submitted 1 years 290 days ago

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Incentives vs Jobs: City council concerned about solar plant deal


Submitted 1 years 290 days ago

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Scott touts economic incentives, but lawmakers skeptical
Fresh off a trade mission to Colombia last week, Gov. Rick Scott emphasized the importance of economic incentive deals and claimed they are essential in bringing jobs to Florida. Scott and the Cabinet heard a presentation Tuesday from Gray Swoope, president and CEO of Enterprise Florida, the state's public-private economic development arm, highlighting the 160 incentives deals that were inked this year, a 23 percent increase from last year, and pledged capital investments of $1.7 billion, an increase of 32 percent over 2011. The Florida Current
Submitted 1 years 290 days ago

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Savannah, Chatham elected leaders have to act for job growth
My jaw dropped as I passed through West Point, Ga., on Interstate 85 in Troup County. There on the right, stretching for almost a mile, was the massive $1.2 billion Kia Motors manufacturing plant. In this rural area of west Georgia, on the Alabama line, Kia has created thousands of jobs over the past three years. It helps to understand why Kia selected rural West Point as a location. It is an important part of the discussion. Kia is a Hyundai Motors brand and like all efficient manufacturers, the two share suppliers whenever possible. Hyundai has a plant one hour away in Montgomery, Ala., and Georgia’s business climate and QuickStart program played a vital role in getting the plant in Georgia. Savannah Morning News
Submitted 1 years 290 days ago

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SR Commission approves deals to bring 130 jobs
Two companies may soon announce plans to bring a combined 130 jobs to Santa Rosa County. The Santa Rosa County Commission unanimously approved incentive packages for the two companies on Thursday at the urging of Shannon Ogletree, the county’s acting economic development director. The larger package commits the county to spending up to $260,000 over the next five years to secure a company that is considering purchasing an existing facility in the Santa Rosa County Industrial Park in East Milton. The company would hire 100 people to construct prefabricated building components. Pensacola News Journal
Submitted 1 years 290 days ago

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America’s Most Favored Industry
In the history of American business, it’s difficult to find an industry that has enjoyed more political favoritism than the wind-energy sector now enjoys. The wind industry gets subsidies, mandates, and a de facto exemption from prosecution under some of America’s oldest wildlife laws. And the wind-energy lobby is doing all it can to make sure that this favoritism is maintained. National Review
Submitted 1 years 290 days ago

 

 

 

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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