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Haslam defends stance on VW breaks
Gov. Bill Haslam defended his administration's decision to tie new economic incentives for Volkswagen to the outcome of the automaker's labor talks, saying political and legal questions could have sunk the deal. The Republican governor on Wednesday told reporters that the Department of Economic and Community Development did not issue a "threat" to Volkswagen that it would withdraw $300 million in incentives if UAW won a vote to organize workers at its Chattanooga plant. But, he added, his administration did tell the German automaker that the outcome had to be "satisfactory," legally and for Tennessee state legislators, many of whom oppose unionization. The Tennessean
Submitted 1 years 314 days ago

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Gov. Haslam denies using $300 million incentive as threat against VW over union plan
NASHVILLE — Gov. Bill Haslam today rejected assertions he was threatening Volkswagen over a proposed $300 million incentive package by tying the offer to "satisfaction" of state officials about company plans to set up a works council at its Chattanooga plant. "It wasn't a threat at all. It was just a statement of reality," Haslam told reporters today. The governor has been on the defensive since the disclosure this week of the state's formal incentives of grants and tax credits offered to Volkswagen to help nab a new SUV line of production in Chattanooga. The Tennessean
Submitted 1 years 314 days ago

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Report: Tennessee offered incentives tied to VW vote
Citing new evidence that the Haslam administration attempted to improperly influence a recent union election at the Volkswagen plant in Chattanooga, lawyers for the United Auto Workers have filed an extensive supplement to a petition asking that the election results be thrown out. In a five-page filing with the National Labor Relations Board, the UAW cited internal state documents and emails that union lawyers claim show that the state threatened to withdraw $300 million in promised incentives to Volkswagen of America if the vote to unionize was successful. The Tennessean
Submitted 1 years 314 days ago

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Some VW workers oppose delay in UAW hearing
Attorneys for five Chattanooga Volkswagen workers today opposed the United Auto Workers request to delay an April 21 National Labor Relations Board hearing on the appeal of VW’s union vote, saying the UAW is using “false evidence.” “That the UAW resorted to filing a false declaration that could be so easily disproved to attempt to show the existence of a grand and secret conspiracy being waged against it smacks of the desperation and paranoia increasingly gripping the union,” said attorneys for the National Right to Work Legal Foundation. Chattanooga Times Free Press
Submitted 1 years 314 days ago

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TN officials say businesses may be skirting taxes
Republican officials in Tennessee say a widening hole in the state budget may have been caused by companies exploiting loopholes to avoid paying taxes. Gov. Bill Haslam, other leaders in his administration and several state lawmakers say they have started to look into whether companies have found a new way to shift money or assets out of state and avoid their tax bill. The plunge in business tax revenue comes even as stock prices have surged and the economy has improved. Meanwhile, the state’s franchise and excise taxes — the third-biggest revenue source for Tennessee after the federal government and sales taxes — have missed projections by 20 percent, or more than $200 million. The Tennessean
Submitted 1 years 314 days ago

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Fort Worth is a top city for ‘Wallet Wellness’
Fort Worth is a top 10 city for financial health and Arlington is right behind it, according to WalletHub’s new ranking of the best places for “Wallet Wellness.” Giving Cowtown a decided boost to its No. 9 ranking was its recent selection by the personal finance social network as the No. 1 city to find a job. Arlington was No. 4 and Dallas was No. 5 in the jobs survey. For the financial health survey, WalletHub compared the 150 largest cities in the United States using eight metrics measuring how consumers manage both their finances and lifestyles. It also calculated how local dynamics promote wealth creation and upward mobility. Star-Telegram
Submitted 1 years 314 days ago

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Alabama targets aerospace industry ascent with Airbus suppliers, new technologies (video)
MOBILE, Alabama – With aerospace executives in Alabama for an industry conference, the state’s top economic developers are moving forward with plans to target the Airbus supply chain and pursue projects that involve advanced materials and additive manufacturing, also called 3-D printing. Alabama Secretary of Commerce Greg Canfield said expanding the state’s already robust aerospace/aviation sector is a top priority as the Airbus A320 family Final Assembly Line comes closer to completion at Mobile Aeroplex. The $600 million project will make Alabama a major center of passenger jet production in North America. MadeinAlabama.com
Submitted 1 years 314 days ago

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Giant Roars to Full Blast
Christian Dohr was CEO of ThyssenKrupp Steel USA — the massive steel mill in north Mobile County — when we did this interview on Feb. 17. Three weeks later, he was out of that job, replaced by new owners. Acquisition of the carbon rolling mill by a joint venture of the world’s two largest steel companies — ArcelorMittal Group and Nippon Steel & Sumitomo Metal Corp. — was made final Feb. 26, after clearing antitrust review, and the new owners quickly announced a new plant manager, Chris Richards, president of the plant, which has been renamed AM/NS Calvert. Business Alabama
Submitted 1 years 314 days ago

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Nissan settles worker's labor practice charge in Mississippi
JACKSON, MISS. — Nissan Motor Co. says it has settled an unfair labor practice charge with a pro-union worker at its assembly plant in Canton, Miss. The charge focused on a dispute over when Willard "Chip" Wells, a United Auto Workers supporter, could hand out union literature at the 5,200-employee plant north of Jackson. The UAW is trying to organize workers to seek union representation. No petition for a union election has been filed. Wells remains an employee and Nissan spokesman Justin Saia said the company denies wrongdoing. "Filing charges with the NLRB is a common tactic in an organizing campaign," he said in a statement. "These charges are unsubstantiated and there has been no finding of fault or admission of guilt." Biloxi Sun-Herald
Submitted 1 years 314 days ago

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Former Louisiana governor laments slow growth in Louisiana
ALEXANDRIA — Louisiana is disappearing, former Gov. Buddy Roemer said Thursday in a speaking engagement in Alexandria, and he wasn’t just talking about the state’s shrinking coastline. Roemer was the guest speaker to local Exchange, Kiwanis, Lions and Rotary club members at the Cenla Civic Club Luncheon at Louisiana State University of Alexandria. “When I was governor 25 years ago, there were eight congressmen from Louisiana,” Roemer said. “Ten years later, there were seven. Ten years after that, there were six. It’s pretty straightforward — we’re disappearing.” Since 1973, Roemer said, Louisiana has grown slower than any other Southern state. Its 23.6 percent growth in that time is a sharp contrast to booms in states such as Florida (176 percent growth), Texas (125 percent) and Georgia (109 percent) and lags behind even slow movers such as Mississippi (37 percent) and Kentucky (36 percent). The Advertiser
Submitted 1 years 314 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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