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Investing in the Human Capital of Immigrants, Strengthening Regional Economies
The approaches to investing in the human capital of immigrants discussed in this paper share the characteristic that they are intentionally aimed at the resident immigrant workforce. They fall into two broad groupings, with some overlap in objectives. The first set of programs is exclusively geared toward high-skilled immigrant professionals who were trained abroad and who face a number of formal and cultural obstacles to getting jobs commensurate with their skills. The second set of programs target middle-skilled immigrants—but also reach native workers—who are in a good position to advance into better jobs after appropriate training. Brookings
Submitted 1 years 344 days ago

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Businesses Race to Best Practices in Green through the NASCAR Green/E3 Challenge
Economy, Energy, Environment; the Environmental Protection Agency; and NASCAR Green are working together to encourage businesses to operate in a green and sustainable fashion by creating the NASCAR Green/E3 Challenge. Local manufacturers participating in the North Carolina E3 program (NC E3) will be eligible to compete by demonstrating the changes each has implemented to become more sustainable. Participating manufacturers will compete for the NC E3 Sustainability Award to be bestowed in spring 2013. Currently, more than 30 manufacturers throughout the state of North Carolina qualify for this unique challenge. The NC E3 program assists manufacturers in operating in a more efficient, competitive and sustainable manner, ultimately resulting in a more profitable business. E3 manufacturers participate in assessments and training and are provided with recommendations on how to reduce their environmental impact, improve efficiency, generate measurable cost savings, and support sustainability education and awareness. ncsu.edu
Submitted 1 years 344 days ago

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Coal no longer king in TVA region as more gas-fired plants used to generate electricity
While TVA's half-century-old Allen Fossil Plant in Memphis continued consuming piles of coal to make electricity, agency officials gathered on the other end of the state last week to dedicate a sleek, $775 million facility that represents a quantum shift in how the Mid-South gets its power. With the new John Sevier Combined Cycle plant near Rogersville, Tenn. -- and several other recently added facilities burning natural gas -- the Tennessee Valley Authority now is producing only one-third of its power with coal-fired generating units. That's a sharp decline from fiscal 2011, when coal-fired boilers produced 52 percent of TVA's power, and it's the first time in decades that coal hasn't fueled the majority of the electricity generated by the agency. Energybiz.com via Memphis Commercial Appeal
Submitted 1 years 344 days ago

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Pension shortfall costs TVA ratepayers
When investment markets tanked in 2008 and TVA's pension fund took a nearly $2 billion dive, the tab for making sure there was enough money to cover commitments to 24,000 retirees fell to electric ratepayers. Fully funded, TVA's retirement plan should total $11.5 billion. Instead, it now stands at $7 billion. TVA has infused it with almost $1.3 billion since 2009 -- ratepayer money. But this year, the federal utility didn't add money, and Chief Financial Officer John Thomas says the fund's $3.5 billion gap could be made up through market gains in 10 to 15 years. Energybiz.com via Chattanooga Times Free Press
Submitted 1 years 344 days ago

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Help Wanted 2012: Addressing the Skills Gap
One key to thriving in a competitive global economy is a properly skilled workforce that can innovate, create new products and services, and bring them to market quickly and efficiently. America remains a leader in innovation, but its workforce is falling behind. Education and workforce development systems have not kept pace with the demands of the 21st century, and we all bear the costs of this failure. American businesses spend billions of dollars each year training their employees and pour billions more into education. Despite these substantial investments, employers continue to report that too many job seekers are unqualified for modern jobs. Basic training programs alone cannot bridge the skills gap. As a result, more than 3 million jobs continue to go unfilled despite high, persistent unemployment. By allowing these jobs to sit vacant, the United States is missing crucial opportunities to grow the economy and strengthen the recovery. U.S. Chamber
Submitted 1 years 344 days ago

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In U.S., Trust in State, Local Governments Up
PRINCETON, NJ -- Americans' trust in their state and local governments has increased this year, with 74% expressing a great deal or fair amount of trust in local government and 65% in state government. Trust in state government has now essentially returned to levels seen before the financial crisis, after falling to as low as 51% in 2009. The results are based on Gallup's annual Governance survey, conducted Sept. 6-9. Americans' trust in the federal government's ability to handle international and domestic issues and their trust in the three branches of the federal government are all up at least marginally this year. Gallup.com
Submitted 1 years 344 days ago

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Banks Will Always Suck At Trading, Badly Need A Volcker-Like Rule: Study
Science has spoken: Banks are doomed to suck at trading forever and should be stopped before they crash the global economy again. A new study by economists Arnoud Boot at the University of Amsterdam and Lev Ratnovski at the International Monetary Fund finds that recent blow-ups in the banking sector -- JPMorgan Chase's $6.8 billion "London Whale" losses and that whole financial-crisis thingy, to name two -- are not isolated events, but "a sign of deeper structural problems in the financial system." The only prescription? Less trading by big dumb banks. The Huffington Post
Submitted 1 years 344 days ago

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Next-generation NASA rocket booster to be developed at Alabama's Marshall Space Flight Center
HUNTSVILLE, Alabama -- The core booster for NASA's next-generation rocket will be developed at the Marshall Space Flight Center in Huntsville. This morning, ATK -- which will be utilizing the center's facilities and engineers -- announced it's won a $50-million contract from NASA as part of a 30-month contract. The total contract is valued at $137.3 million. The purpose of NASA's efforts is to get feedback on high-risk areas in order to work on solutions or mitigation strategies before the advanced booster is designed around 2016, according to Paul Karner, program manager for the advanced booster development effort. That way the project can avoid having "money pits." Karner said ATK also plans to identify technological advances that have come about since the last booster was designed four decades ago. Huntsville Times
Submitted 1 years 344 days ago

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Pre-Airbus aerospace industry already packs powerful Gulf states punch, excitement builds
MOBILE, Alabama - With the October issue of "Gulf Coast Business" magazine less than one week off the presses, we know readers have brought themselves up to speed on the rapid growth of the region's aerospace corridor and delved deeper than they ever imagined into the anticipated supply chain surrounding Airbus' entry into the local market. What they missed, however, were some of the nifty tidbits we simply didn't have the space to include, most of which center on the Interstate-10 aerospace corridor's claim to be the fourth largest in the world. al.com
Submitted 1 years 344 days ago

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Firestone Plant in Prescott, Ark., Plans $36 Million Expansion, 100 New Jobs
PRESCOTT, Ark. - A factory in Prescott that makes roofing materials marked the opening Monday of its $36 million expansion and addition of 100 new jobs. Firestone Building Products Co. consolidated work from a plant at Kingtree, S.C., with its modernized factory in Prescott. The company has operated the Prescott plant for more than 40 years and it specializes in producing a type of synthetic rubber roof covering known as EPDM, or ethylene propylene diene monomer. The factory had about 400 workers prior to the expansion, which added 52,500 square feet to the plant and updated equipment to help it save on energy costs and reduce waste. Arkansas Business
Submitted 1 years 344 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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