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That’s The Randle Report for June 18, 2012
That's a wrap on The Randle Report for today. Feel free to use the sort buttons above or the search window to find your favorite stories from today, last week, last month or in the last year. If you are looking for more information on economic development in the South, click on the headline above to read Southern Business & Development magazine. If you want to keep up with the South's growing automotive industry, go to www.SouthernAutoCorridor.com.
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South Carolina Governor Nikki Haley Speaks At Bluestar Silicones


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Gulf Coast refiners will stop light, sweet crude imports
Valero could stop importing light, sweet crude to its Gulf Coast refineries as soon as 2013 and fully rely on U.S. production, Chief Executive Officer Bill Klese said at a recent industry conference. With the rapid growth of domestic oil, Valero has projected that Gulf Coast refiners will soon run without foreign imports of light, sweet crude. Klese now says that moment could come by the end of 2013. “The amount of production coming on is huge,” Klese said during the conference this month. “They really are going to push out imports.” Houston Chronicle
Submitted 1 years 310 days ago

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In Its First Life, an Gulf of Mexico Oil Platform; in Its Next, a Reef?
AUSTIN, Tex. — The dormant oil platform known as High Island 389-A rises out of the Gulf of Mexico about 100 miles southeast of Galveston. Below the surface, corals, sea fans and sponges cover its maze of pipes. Schools of jack and snapper, solitary grouper and barracuda circle in its shadows. Dive boats periodically stop at the enormous structure, where dolphins, sea turtles and sharks are often spotted. Now, 30 years after it was built and months after it was abandoned, it is set to be demolished under Interior Department rules governing nonproducing ocean structures. And when it goes, the lush ecosystem that has grown around it will also vanish. There are now about 650 such oil and gas industry relics, known as idle iron, that may meet this fate. The New York Times
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East Coast ports scramble to dig deep, for supersize ships
The big ships are coming, and East Coast ports are scrambling to get ready for them. A growing number of supersize freighters, which up to now have relied mostly on West Coast ports to deliver goods from Asia to the USA because they couldn't fit through the Panama Canal, will be able to make the trip to the East Coast economically when an expansion of the canal is completed in 2014. Ports on the Atlantic and the Gulf of Mexico, whose harbors have been too shallow to accommodate these behemoths, are gearing up to spend more than $40 billion over the next five years to deepen their shipping channels and make other upgrades, according to Aaron Ellis, director of communications for the American Association of Port Authorities. USA Today
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Texas A&M to be site of multimillion-dollar biosecurity center
The U.S. government today designated Texas A&M University as one of three national biosecurity centers that will attract hundreds of millions of dollars in new investment and be a catalyst for the biopharmaceutical industry in Texas. Texas A&M joins sites in Maryland and North Carolina as centers working to develop and manufacture drugs to fight bioterrorist threats, pandemic influenza and other infectious diseases. The U.S. Department of Health and Human Services announced the award in Washington D.C. The announcement was broadcast to an Austin audience of Aggies that included A&M Chancellor John Sharp. The $285 million award includes about $175 million in federal grants over five years — and the potential for much more over the 25-year duration of the contract. Austin American-Statesman
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Manufacturing, jobs up in N.C.'s Triad
GREENSBORO — It’s not often that our part of the world comes in first in anything . But economist Don Jud has found an example. And it’s a biggie. In recent months, Jud says, the Greensboro-High Point metro area has far outpaced state and national averages for employment growth in goods production. That means companies in Guilford, Rockingham and Randolph counties, which make up the local metro area, are hiring people to make stuff. “That’s the best news I know,” Jud said. Greensboro News-Record
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What the future of news looks like in Alabama after Advance cuts staff by 400
To people who’ve never been to Alabama, it’s a single place, synonymous with the Deep South and whatever that means to you. Those who live in Alabama know it’s a long way — physically, mentally and culturally — from the 300-year-old city on Mobile Bay up to the home of “Letter from Birmingham Jail,” and on to Huntsville near the Tennessee border. Though the newspapers in those cities have been owned by Advance Publications for some time, for years each was the center of its own solar system. The only place they shared a home was online, a statewide news portal where the al.com brand eclipsed their nameplates. The New York Times
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Cummins Turbo Technologies expanding in Charleston County, S.C.
COLUMBIA, S.C. – June 18, 2012 – Cummins Inc. is expanding its Turbo Technologies operations in Charleston County with a $19.5 million investment that is expected to generate 76 jobs. Cummins Turbo Technologies, which designs and manufactures turbochargers for diesel engines, is adding a new building and expanding its office space at its campus in the Palmetto Commerce Park in North Charleston. As part of the expansion, Cummins is building a 125,000-square-foot warehouse. Another 10,000 square feet of new office space will be added to the existing building and 10,000 square feet of existing space will be renovated. South Carolina Department of Commerce
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Incentives were key as New Orleans was wooing Costco
Talks with Costco Wholesale Corp. were under way for more than a year before the major retailer made its commitment to come to New Orleans official, and incentives to deal with increased costs of building to federal flood elevation requirements were critical, city officials say. The store, which is expected to open in fall 2013, will be the first in Louisiana and will bring a much-needed big box store to New Orleans. Times-Picayune
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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Reshoring manufacturing capacity from primarily Asia to the South and Mexico is now a common thing to do and it's all about money. When China joined the World Trade Organization in 2001, the average manufacturing wage in China's Pearl River Delta (PRD) was about 58 cents an hour.

 Randle Report - Business News in the South

 FEATURE  
By Dr. Glen Fenter
Desperation sometimes masks itself in acceptance. Such was the case for Takelia Carter of Marion, Ark. For Carter, the mother of six school-age children in a low paying job, desperation was normative existence. This was her life in Crittenden County, Ark., deep in the Delta where unfortunately one in four families lives well below the poverty level.
 

 Business News in the South - Randle Report

FEATURE     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 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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