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Henrico, Va.,-based ODEC to build new 1,000-megawatt gas-fired power plant in Maryland
Henrico County-based Old Dominion Electric Cooperative plans to build a 1,000-megawatt gas-fired generating plant on an existing site in Maryland. This means the electric cooperative will not, at least for the foreseeable future, build its proposed Cypress Creek power plant in Southside Virginia. Preliminary estimates put the cost of the plant, called the Wildcat Point Generation Facility, at $675 million. That estimate does not include certain startup and financing costs, ODEC said. Old Dominion planned to use locations it owns in Surry and Sussex counties for the coal-burning Cypress Creek plant, which had an estimated price tag of $4 billion to $5 billion. Richmond Times-Dispatch
Submitted 1 years 285 days ago

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Perry 2016?
The situation in Austin suggests that a Texas icon may be shifting his focus from state to national politics. Governor Rick Perry seems increasingly unlikely to run for reelection — and increasingly interested in taking another gander at the presidency. National Review
Submitted 1 years 285 days ago

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Bernanke to Congress: I’m Not the Problem. You Are.
Heading into today’s testimony before the Joint Economic Committee of Congress, Ben Bernanke was expected to get grilled on the danger presented by the Fed’s $85 billion-a-month bond-buying program, its plans to wind down that “quantitative easing” and the broader challenges facing an economy that’s growing only moderately. The Fiscal Times
Submitted 1 years 285 days ago

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STOCKS STAGE REMARKABLE COMEBACK: Here's What You Need To Know
Nikkei plunge versus good U.S. economic data puts markets in a tug of war. First, the scoreboard: Dow: 15,296.88, -10.29, (-0.07%) S&P 500: 1,650.73, -4.62, (-0.28%) Nasdaq: 3,459.34, -3.96, (-0.11%) And now, the top stories: Business Insider
Submitted 1 years 285 days ago

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Alabama auto production rises 8 percent so far this year
Auto production in Alabama rose 8 percent during the first four months of this year, as the industry continues to benefit from growing new vehicle demand in the U.S. and abroad. al.com
Submitted 1 years 285 days ago

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AIDT: Airbus Mobile recruitment, hiring 'will happen very quickly'
MOBILE, Alabama – Be patient. Lee Hammett knows these are the last two words anyone eager to land one of the anticipated 1,000 direct jobs with Airbus’ final assembly plant in Mobile wants to hear, but he is confident the outcome will be worth the wait. al.com
Submitted 1 years 285 days ago

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Van-Rob expanding in Manchester TN, adding 100 jobs
Van-Rob Manchester, a supplier for major automobilemanufacturers, will be adding more than 100 jobs as part of a $16.8 million expansion in Manchester, Tenn. The Tennessean
Submitted 1 years 285 days ago

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New Report Reveals The 10 U.S. Areas Facing The Highest Climate-Related Risk Of Water Shortages
A new report from the Columbia University Water Center, in conjunction with Veolia Water and Growing Blue, reveals that businesses and cities in some of America’s most iconic regions are now under even greater risk of water scarcity. Business Facilities
Submitted 1 years 285 days ago

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A 2-step plan to end the failed War on Drugs: Expand Medicaid and end marijuana prohibition
Republicans don’t mention this as they’re busy pretending to repeal ObamaCare 37 times, but they’re voting to take health insurance away from millions of working Americans. Medicaid expansion will insure those who earn up to 133% of the poverty level and previously earned too much to qualify for Medicaid — at least in the states that are smart enough to accept it. eclectablog.com
Submitted 1 years 285 days ago

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A look at the highly skilled guest workers of Alabama
The Senate Judiciary Committee on Tuesday reached a deal on skilled guest workers, raising the limit on visas for foreign professionals who make an average of $49.65 per hour in Alabama. al.com
Submitted 1 years 285 days ago

 

 

 

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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