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Report champions tax credits for wind energy
More than 1,000 people already have jobs working on wind energy in South Carolina, and there's not an offshore turbine spinning yet. Twenty times that many could have jobs by 2030, and 30 percent of the electric power used in the state could come from giant wind turbines offshore, according to state and federal reports. That's the payback environmentalists and a state legislator say justifies extending federal tax credits for the fledgling industry. And that's the argument behind "The Turning Point for Atlantic Offshore Wind Energy," a status report released Thursday by the National Wildlife Federation. Wind power, like other "green" energy initiatives, has drawn criticism for relying on taxpayer subsidies. EnergyCentral.com
Submitted 2 years 11 days ago

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Feds give initial nod to company's plans to bring wind power to Mid-South
Although it's a place better known for stifling humidity than steady breezes, Memphis soon could feel an economic updraft from wind energy. The Federal Energy Regulatory Commission has granted an early but crucial approval needed for a $2 billion proposal to transmit wind power from the Great Plains to Memphis and the Southeast. Clean Line Energy plans to build a 750-mile-long transmission line delivering 3,500 megawatts of power generated by wind farms in northern Texas, western Oklahoma and southwestern Kansas. Although the exact route hasn't been set, the line would extend to just outside Memphis, in northeast Shelby County, where it would tie into the Tennessee Valley Authority's system. EnergyCentral.com
Submitted 2 years 11 days ago

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Gulf Power's CEO Stan Connally sees unique prospects for the Panhandle
He’s responsible for keeping 430,000 customers happy and 1,400 employees productive. That alone would appear to put enough on the plate of new Gulf Power Co. CEO Stan Connally. But that’s not all that’s expected of Connally, 42, a Georgia native and a 23-veteran of Gulf Power’s parent, Southern Co. Traditionally, Gulf Power’s CEO is expected to be a visible, key leader in fostering growth and economic development in the company’s 10-county Panhandle service area. “Gulf Power chooses to be a great citizen in our community, not just in economic development, but in all endeavors,” said Pensacola businessman Lewis Bear, the volunteer vice chairman of economic development for the Greater Pensacola Chamber. Pensacola News-Journal
Submitted 2 years 11 days ago

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Defense industry is reshaping itself in a multitude of ways
The defense industry is remaking itself in the face of changing technologies and shrinking budgets, with companies rushing to buy or sell vast lines of business to better position themselves for an uncertain future. Last week, London-based BAE Systems and Paris-based European Aeronautic Defense & Space said they’re considering combining into a behemoth that would dwarf traditional industry leaders, such as Lockheed Martin and Boeing. That’s just the latest — and biggest — of a whole series of recent moves. Last month, McLean-based Science Applications International Corp. announced it is splitting its company in two. Last year, Falls Church-based Northrop Grumman said it would spin off its shipbuilding company. The Washington Post
Submitted 2 years 11 days ago

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GM, VW may gain from anti-Japan protests across China
BEIJING (Bloomberg) -- Two years ago, Sherry Wang bought a Toyota Camry because it offered a comfortable way to commute to her job as a researcher in the Chinese city of Xi'an. Lately, she's been taking the bus. "I'm afraid that my car or I will become a target" of anti-Japanese protesters, who have thronged China's streets in recent days, Wang said. "I just hope life will get back to normal as quickly as possible." Wang illustrates why Japanese carmakers such as Toyota Motor Corp., Nissan Motor Co., and Honda Motor Co. are bracing for what may become a bigger crisis in China than last year's tsunami in Japan. Automotive News. For more information about the South's automotive industry, go to www.SouthernAutoCorridor.com.
Submitted 2 years 11 days ago

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GOP frets Romney is blowing race
Republicans are worried that Mitt Romney is blowing a presidential race he should be winning, following publication of his comment that 47 percent of Americans pay no income tax and are dependent on the government. Two GOP Senate candidates distanced themselves Tuesday from the remarks, revealed in a leaked video from a private fundraiser. And Republican strategists warned that the candidate’s words could fire up the Democratic base while alienating independent voters. The Hill
Submitted 2 years 11 days ago

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Post Poll: Democrat Tim Kaine opens first lead over George Allen in Va. Senate race
Timothy M. Kaine has jumped ahead of George Allen for the first time in their U.S. Senate race, according to a new Washington Post poll in Virginia, changing the complexion of a nationally watched contest that could help determine which party controls the chamber. Kaine (D) leads fellow former governor Allen (R) among likely voters by 51 percent to 43 percent in the poll, and Kaine is ahead among all registered voters by an identical margin in the hard-fought contest to succeed retiring Sen. James Webb (D). The Washington Post
Submitted 2 years 11 days ago

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Romney's missteps could cost party the Senate, strategists say
Republicans believe Mitt Romney’s mistakes could prevent them from winning back the Senate. Romney’s failure to close the gap with President Obama less than 50 days before the election, as well as a variety of high-profile gaffes, have raised concerns that the GOP nominee will strand candidates in close swing-states races. Polls show Obama leading Romney in Ohio and Virginia, two states where strategists think the top of the ticket will most affect the Senate contests. The Hill
Submitted 2 years 11 days ago

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Port of Gulfport host transportation secretary
GULFPORT, Miss. -- Transportation Secretary Ray LaHood, in his first visit to the Port of Gulfport, said he is pleased with the plans for development there.Ports create jobs, he said. "They're a real economic engine."LaHood, a former Republican congressman from Illinois, viewed the port Tuesday from a top office at Hancock Bank's One Hancock Plaza while meeting with U.S. Rep. Steven Palazzo, Mississippi Southern District Transportation Commissioner Tom King, Port Executive Director Don Allee and other port and transportation officials.That half-hour meeting was followed by a tour of the port in a Coast Transit Authority trolley. LaHood said it was good to see the benefits of the rail line from Gulfport to Hattiesburg, which was improved with a $20 million USDOT grant. Biloxi Sun-Herald
Submitted 2 years 11 days ago

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Tampa Bay Region selected for Brookings metropolitan export exchange
TAMPA BAY, FL (September 19, 2012) – Exports are leading the national recovery and having an outsized impact on job creation in the United States with metro areas driving export growth. Within this framework, the Brookings Institution has selected the Tampa Bay region as part of the first cohort of metropolitan areas to participate in the prestigious Brookings Metropolitan Export Exchange, which will help to create and execute strategies that increase the region’s exports. Other metro areas selected as part of the first cohort of the Exchange include Charleston, SC; Chicago, IL; Columbus, OH; Des Moines, IA; Louisville-Lexington, KY; and San Diego, CA. According to 2011 data released last week by the U.S. Department of Commerce, Tampa Bay was the 32nd largest merchandise export region in the United States with $9.6 billion exported from the Tampa Bay region – a $1.5 billion (18.4%) increase in exports compared to 2010. Tampa Bay Partnership
Submitted 2 years 11 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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