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Birmingham meets federal air quality standards for first time in 30 years
The air in Birmingham just got a lot cleaner. For the first time in 30 years, the U.S. Environmental Protection Agency reports that Birmingham will be classed as “in attainment” of the six primary air quality standards measured by federal officials. al.com
Submitted 1 years 342 days ago

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That's The Randle Report for Wednesday, January 9, 2013
Join us again tomorrow morning for all of the American South's business, economic development and political news in real time and in one place. Use the sort buttons or the search window above to find your favorite stories from yesterday, last week, last month or last year. Also, click on the Sports tab above for all of the South's sports news in real time. Click on the headline to access Southern Business & Development magazine.
Submitted 1 years 343 days ago

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Nashville’s Latest Big Hit Could Be the City Itself
NASHVILLE — Portland knows the feeling. Austin had it once, too. So did Dallas. Even Las Vegas enjoyed a brief moment as the nation’s “it” city. Now, it’s Nashville’s turn. Here in a city once embarrassed by its Grand Ole Opry roots, a place that sat on the sidelines while its Southern sisters boomed economically, it is hard to find a resident who does not break into the goofy grin of the newly popular when the subject of Nashville’s status comes up. Mayor Karl Dean, a Democrat in his second term, is the head cheerleader. “It’s good to be Nashville right now,” he said during a recent tour of his favorite civic sites, the biggest of which is a publicly financed gamble: a new $623 million downtown convention center complex that is the one of the most expensive public projects in Tennessee history. The New York Times
Submitted 1 years 343 days ago

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Why Wall Street loves the Crimson Tide
There's no doubt that the University of Alabama's victory in the BCS championship game is good business for the state - look no further than the line to purchase commemorative t-shirts at your neighborhood sporting goods store. But is it also good for the U.S. economy? Yes, according to Wall Street trading history. In the 14 previous years when Alabama reigned as national champion, the Dow Jones Industrial Average gained an average 1.95 percent, according to the New York-based Bespoke Investment Group. al.com
Submitted 1 years 343 days ago

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Fracking Pushes U.S. Oil Production to Highest Level in 20 Years
U.S. oil production exceeded 7 million barrels a day for the first time since March 1993 as improved drilling techniques boosted exploration across the country and reinforced a shift toward energy independence. The Energy Department reported today that weekly average output rose to 7.002 million barrels a day in the week ended Jan. 4, a 1.16 million-barrel increase from the same week last year. The country met 83 percent of its energy needs in the first nine months of 2012, on pace to be the highest annual rate since 1991, department data show. Production grew by the fastest pace in U.S. history last year as horizontal drilling and hydraulic fracturing, or fracking, unlocked crude trapped in formations such as North Dakota’s Bakken shale. The state boosted production 40 percent last year through October, Energy Department data show. Texas was up 23 percent, and Utah rose 11 percent. Bloomberg
Submitted 1 years 343 days ago

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2013 Nissan Leaf now being built in Tennessee
NASHVILLE, Tenn. (AP) — The 2013 Nissan Leaf is now being produced in Tennessee. Nissan announced in a news release on Wednesday that production of the all-electric car had begun in Smyrna, next door to the company's lithium-ion automotive battery plant. The new Leaf features faster charging and what will likely be an extended driving range, although that will be determined by Environmental Protection Agency testing. In addition, 2013 will see a new lower priced entry-level Leaf S grade. Meanwhile, the SL grade will see enhancements like leather-appointed seating and 17-inch aluminum-alloy wheels. Knoxville News-Sentinel
Submitted 1 years 343 days ago

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Missouri tax credit for amateur sports events proposed
There’s a lot of money to be made around amateur sports, and in past years, St. Louis has won its share by playing host to everything from college basketball’s Final Four to the U.S. Gymnastics Championships. Now Missouri taxpayers are being asked to help keep the games coming. A bill that has been pre-filed ahead of this spring’s legislative session would set up a new tax credit program designed to help bring more amateur sporting events to Missouri. It would dedicate up to $3 million a year to draw Olympic, college and youth events and — supporters say — give Missouri a new weapon in what they call an escalating arms race around sports-related tourism. St. Louis Post-Dispatch
Submitted 1 years 343 days ago

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With Super Bowl a month away, New Orleans is torn up
On Tuesday morning, the city of New Orleans announced the closing of the intersection of Loyola and Howard avenues, in front of the bus station and post office. This is of a piece with the cornucopia of public works the city has undertaken to spruce up for Super Bowl XLVII. It seems a long shot it will all get done before kickoff. A photo by Catherine Threlkeld on NOLA.com shows workers in the sunken intersection. Long-time residents looking at the picture and measuring it against their experience with New Orleans' street projects will probably peg the completion date for sometime in late summer or fall of 2014. Times-Picayune
Submitted 1 years 343 days ago

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Louisiana residents to pay $400 million more in taxes under fiscal cliff deal: revenue department
The highest-earning Louisiana residents will pay a total of roughly $400 million more as a result of federal tax increases included in the deal that averted the fiscal cliff, according to the state Department of Revenue. The income tax increase, which will fall almost entirely on the state's highest earners, will also lead to a $20 million decrease in state revenue, because those taxes can be deducted from state income returns. The analysis was conducted based on Internal Revenue Service data from 2010, the most recent set of data available. Times-Picayune
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Why Ga. has so little to show for being so ‘business friendly’
In November, Georgia was ranked 4th in the nation for its pro-business environment by Site Selection magazine, which specializes in corporate relocations. The Georgia Department of Economic Development was understandably quick to seize on that happy news, giving it prominent play on the department’s website. Such rankings appear to validate a concerted, decade-long effort by Georgia’s leadership to make the state as business-friendly as possible. Our state and local business tax burden, for example, ranks eighth lowest in the country, according to a 2012 analysis by Ernst & Young. And as Site Selection noted approvingly, the 2012 Legislature continued that effort by eliminating the sales tax on energy used in manufacturing, enhancing tax incentives and “strengthening” open records laws by delaying public release of economic development deals. AJC.com
Submitted 1 years 343 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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