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Why Some State Incentives for Business Work—And Others Don't
Every state does it, to one degree or another: pays incentives to private companies to keep jobs in-state. Supporters say this is necessary for job creation, detractors call it corporate welfare, and nationwide it costs more than $80 billion a year. So when are such incentives sound economic policy, and when do they merely serve certain firms, lobbyists and politicians? Wall Street Journal
Submitted 1 years 349 days ago

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China Steps Up Buying in U.S.
The deals getting the green light so far are smaller. Last week, U.S. regulators approved the Chinese acquisition of a U.S. battery maker despite political resistance and an initially icy reception. Wanxiang America Corp., a unit of China’s Wanxiang Group, is paying $257 million to buy A123 Systems, AONEQ -3.57% a U.S. government-backed maker of lithium-ion batteries, after an early attempt at a purchase collapsed. Wall Street Journal
Submitted 1 years 349 days ago

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Future is bright for development in Oklahoma City's Plaza, MidTown districts
The Oklahoman's Steve Lackmeyer fielded questions on Oklahoma City development during his weekly online chat with readers Friday on NewsOK.com. This is an edited version of that conversation. The Oklahoman
Submitted 1 years 349 days ago

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Texas Power Giant Could Be Split Up
Energy Future Holdings Corp., the struggling Texas power company involved in a record leveraged buyout, could end up splitting as it faces significant choke points on debt and seeks counsel from Wall Street restructuring advisers. Wall Street Journal
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NASA awards $1.9B contract to Jacobs Technology Inc. of Tullahoma, Tenn.
TULLAHOMA, Tennessee -- NASA has awarded a major engineering services contract for its Johnson Space Center in Houston to Jacobs Technology Inc. of Tullahoma, Tenn. The contract, potentially worth $1.9 billion, with be managed in Houston. al.com
Submitted 1 years 349 days ago

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Next frontier for N.C. manufacturing: human organs
RALEIGH — Advances in manufacturing are expected to lead to standardized production of human skin, blood vessels and other organs, potentially establishing North Carolina as a national hub for automated generation of human organs. Medical researchers here have already custom-built bladders and urethras for their patients, and windpipes and other body parts are in the works, a pair of scientists from N.C. State and Wake Forest University said on Monday at the 28th annual Emerging Issues Forum in downtown Raleigh. News Observer
Submitted 1 years 349 days ago

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Documents: BP well-site leaders faced earlier indicment in spill case
Documents unsealed Friday confirm that two BP well-site leaders charged with manslaughter in the deaths of 11 workers in the 2010 Gulf of Mexico rig explosion and oil spill disaster originally were indicted more than a month before the case was announced. Fuel Fix
Submitted 1 years 349 days ago

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Closest Earth-like planet 'stroll across park'
CAPE CANAVERAL, Fla. (AP) — Earth-like worlds may be closer and more plentiful than anyone imagined. Astronomers reported Wednesday that the nearest Earth-like planet may be just 13 light-years away — or some 77 trillion miles. That planet hasn't been found yet, but should be there based on the team's study of red dwarf stars. Galactically speaking, that's right next door. hosted2.ap.org
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Ding Dong, is the Twinkie Dead? What the CEO who Closed the Company Thinks
“In terms of American icons, I would say they’re up there with Marilyn Monroe,” said Greg Rayburn, CEO of Hostess Brands, “because, the reaction has been one of ‘you can’t possibly take my Twinkies away.’” Twinkies, Ding Dongs, Sno Balls, Ho-Hos, Zingers, Suzy Q’s, Wonder Bread – all are staples of American childhood lunchboxes. They harken back to an innocent time when calories weren’t counted, and a dusting of fluorescent coconut flakes on a snack, was considered a delicacy. yahoo.com
Submitted 1 years 349 days ago

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For now, Gov. Deal making all the right moves
ATLANTA--Gov. Nathan Deal, who learned the art of legislating during nearly two decades in Congress and as a state senator before that, has put those lessons to work as Georgia’s chief executive. Florida Times Union
Submitted 1 years 349 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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