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Hollister Incorporated Invests $29.6 Million To Expand Augusta Co., VA Facility
Hollister Incorporated, a global company that develops, manufactures and markets medical devices, will invest $29.6 million to upgrade machinery and expand its manufacturing plant in Augusta County, Virginia. The company will add 50,000 square feet of warehouse space and new equipment to automate processes with robotics and high-technology equipment, enhance products, and increase production volume. Area Development
Submitted 1 years 343 days ago

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Payroll tax hike doomsday: Stocks, real estate buffer impact
Economists predicted catastrophe: As workers started taking home paychecks in January that were 2 percent lighter – thanks to the expiration of the payroll tax cut – they thought consumer confidence and spending would tank. So far, it hasn’t. today.com
Submitted 1 years 343 days ago

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NC Casino finishes $650M expansion
CHEROKEE -- They’re calling it the “Masterpiece in the Mountains.” Harrah’s Cherokee Casino Resort recently completed a $650 million expansion that doubled the amount of hotel rooms and gaming space. The casino also brought in live table games; built a spa; added 10 restaurants, including a Ruth’s Chris Steak House, Paula Deen’s Kitchen and a 600-seat buffet; and spruced up the decor, giving it a sleek, contemporary feel. Winston-Salem Journal
Submitted 1 years 343 days ago

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Wake Forest ranked No. 1 for academic quality
Wake Forest University’s undergraduate business program was ranked No. 1 in the nation for academic quality by Bloomberg BusinessWeek. Charlotte Business Journal
Submitted 1 years 343 days ago

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Perry-UT power struggle intensifies
On the weekend of Super Bowl Sunday, Gov. Rick Perry's chief of staff called Sen. Judith Zaffirini, D-Laredo, to share some disturbing news. The University of Texas regents planned to meet in a special telephone emergency session to discuss a new report that assistant football coach Major Applewhite had sexual relations with an adult student during the team's trip to the 2009 Fiesta Bowl. Houston Chronicle
Submitted 1 years 343 days ago

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Kentucky politicians scramble to find last-minute fix to state's pension crisis
FRANKFORT — House and Senate leaders were scrambling Monday night to come to an agreement on a fix for Kentucky's ailing pension system after spending most of the day trading proposals. Monday was the 29th day of the 30-day legislative session. Lexington Herald-Leader
Submitted 1 years 343 days ago

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Nashville's Saint Thomas Hospital breaks ground on $110 million expansion
Saint Thomas Hospital announced today the groundbreaking of a $110 million project to build a new inpatient tower and renovate its existing facilities, the latest in a series of large construction projects undertaken by area hospital systems in recent years. The Tennessean
Submitted 1 years 343 days ago

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Miami Dolphins offer to repay portion of public costs to renovate stadium
The Miami Dolphins have offered to repay Miami-Dade County for a portion of the public costs of renovating Sun Life Stadium, and to pay millions of dollars in penalties should the team fail to bring major events to South Florida, including four Super Bowls over the next three decades, The Miami Herald has learned. The Dolphins have told the county they will repay Miami-Dade for the initial share of the renovation costs in about 30 years, but the rebate would not include the debt payments that will likely come with the deal, according to a source familiar with the Dolphins’ offer and a draft term sheet obtained by The Herald. Miami Herald
Submitted 1 years 343 days ago

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Beer industry contributes $14.2B annually to Florida economy
A new economic impact study commissioned by the National Beer Wholesalers Association shows that the beer industry — including brewers, beer importers, beer distributors, brewer suppliers and retailers — contributes $14.2 billion annually to Florida's economy. Orlando Business Journal
Submitted 1 years 343 days ago

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Energy boom begins to ripple through US economy
The boom in new oil and natural gas flowing through U.S. pipelines is beginning to ripple through the wider American economy. Just ask Edrick Smith. NBC News
Submitted 1 years 343 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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