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Bill to end North Carolina film incentives early narrowly defeated
NEW HANOVER COUNTY, NC-- An amendment to a bill that would end film incentives one year earlier was narrowly defeated Tuesday. According to Representative Ted Davis, an amendment was attached to a finance bill that would have ended the incentives on Jan. 1, 2014 instead of Jan. 1, 2015. wect.com
Submitted 2 years 16 days ago

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Texas Offering $95 Million in TV and Film Incentives
The fight to lure film and television productions to the South has escalated, with Texas allocating $95 million over two years to its tax incentive program. backstage.com
Submitted 2 years 16 days ago

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Texas Goes Large, Triples Film & TV Production Incentive
The Lone Star State just ponied up some serious bucks to bring film and TV production to Texas. Last week the state Legislature voted $95 million for use by its Texas Moving Image Industry Incentive Program for the next two years. That’s a jump of $63 million from the program’s present level. Senate Bill 1 now moves to Gov. Rick Perry to sign into law. The state’s program was set to expire in August if it had not been refunded. deadline.com
Submitted 2 years 16 days ago

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Scott touts 500 new jobs, uses incentive deal inked months before trip to justify trade missions
Gov. Rick Scott highlighted the expansion of GardaWorld, a Canadian financial security services firm, in Boca Raton on Monday, using the 500 new jobs reported by the company to claim success in his trade missions abroad. thefloridacurrent.com
Submitted 2 years 16 days ago

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5 Maps That Show How Divided America Really Is
We've written before about why the American Community Survey is so valuable (and why periodic attempts by Congress to gut it are so foolish). The annual survey by the Census Bureau collects much more detailed information than the decennial census, yielding constantly updated statistics on how we commute to work, whether we have health insurance, and what kind of homes we live in. The resulting picture tells us a lot about the country – or, rather, how where we live influences our dramatically varied experiences of America. The Atlantic
Submitted 2 years 16 days ago

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Dayco Products LLC expanding operations in Barnwell County
COLUMBIA, S.C. –– Dayco Products LLC, a maker of automotive components, will expand its current operations in Barnwell County. The nearly $2 million investment is expected to generate at least 15 new jobs. SC Commerce
Submitted 2 years 16 days ago

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National Beverage Screen Printers Inc. expanding operations in Barnwell County
COLUMBIA, S.C. –– National Beverage Screen Printers Inc. (NBS) will expand its existing operations in Barnwell County. The $2.5 million investment is expected to generate 80 new jobs. “NBS is proud to call Williston home and we look forward to creating additional jobs and investing in Barnwell County. We are very blessed to be growing in a poor economy. I’d like to especially thank the Barnwell County EDC and the S.C. Department of Commerce for their support,” said National Beverage Screen Printers Inc. Director of Operations Will Roberson. SC Commerce
Submitted 2 years 16 days ago

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Secret Money Is Now Swaying State Judicial Elections, NC Included
Sam Ervin IV must have been feeling pretty good about his chances of winning a seat on the North Carolina Supreme Court last fall. He had name recognition—his grandfather was the legendary senator who led the Watergate investigation—and a poll released less than a week before Election Day showed him leading his opponent, incumbent Justice Paul Newby by 6 points, 38-32.
Submitted 2 years 16 days ago

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The Court Ruling That Could End Unpaid Internships for Good
he unpaid intern, that lowly, coffee-scalded creature of the modern office, might be about to become a thing of the past. For the last two years, media companies have been combating a series of lawsuits brought by interns claiming the right to a paycheck under state and federal law. Things began looking good for team management this past May, after a federal court scuttled the class action filed by a former Harper's Bazaar intern against Hearst Magazines. The Atlantic
Submitted 2 years 16 days ago

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Business Inventories Up, but Sales Slow
U.S. business inventories rose in April, but with goods taking longer to sell businesses could slow their pace of stock accumulation to prevent an unwanted piling up of merchandise. CNBC
Submitted 2 years 16 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 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     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 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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