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La. exports jump 3.8 percent during first quarter
Louisiana’s global exports increased by 3.8 percent in the first quarter compared with the same period in 2013, according to figures released Tuesday by the World Trade Center of New Orleans. At nearly $17.1 billion, the value of those Louisiana exports was the sixth-largest in the nation, behind Texas, California, New York, Washington and Illinois. At $2.58 billion, an increase of 29.26 percent over first-quarter 2013 purchases, China remained the biggest buyer of Louisiana’s exports, which includes goods that originate in and pass through the state. The Advocate
Submitted 1 years 350 days ago

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Honda reveals first production HondaJet in Greensboro, N.C.
Honda Aircraft Co. revealed the first production HondaJet today at an airshow in Geneva. It's a significant milestone for the company, which has been building jets at its manufacturing plant at Piedmont Triad International Airport, but has not shown the finished product. HondaJet reached another milestone this year, reaching 1,000 employees at its 600,000-square-foot headquarters and manufacturing campus at PTI, the company said in a news release. Honda expects to have 10 aircraft on its final assembly line in June, the company said. Greensboro News-Record
Submitted 1 years 350 days ago

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NC Senate committees pass bill that would lift fracking moratorium
RALEIGH — Two state Senate committees on Tuesday unanimously passed legislation that would lift the state's fracking moratorium next summer, with Senators assuring the measure could come before the full Senate this week. The bill would lift the moratorium on shale has drilling on July 1, 2015, allowing the state Department of Environment and Natural Protection to issue permits to energy companies for hydraulic fracturing and horizontal drilling. Fracking supporters said energy exploration would generate thousands of jobs and millions of dollars of revenue to the state's economy. Raleigh News & Observer
Submitted 1 years 350 days ago

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New federal water bill good news for both SC ports
CHARLESTON, S.C. — The multimillion-dollar deepening of Charleston Harbor as well projects at smaller ports like Georgetown will be helped by a federal water resources bill that is next up for a vote in the Senate, U.S. Rep. Tom Rice said Tuesday. The freshman lawmaker from South Carolina's 7th District served on the conference committee on the Water Resources Reform and Development Act and spoke with The Associated Press from his Washington office minutes after the U.S. House, by a 412-4 vote, approved the legislation. The bill is expected to be approved by the Senate later this week and then head to the president. Atlanta Journal-Constitution
Submitted 1 years 350 days ago

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House approves bill to deepen the Port of Savannah
WASHINGTON | The House passed the closest thing so far this year to an infrastructure bill — a $12 billion-plus bipartisan measure authorizing 34 water projects, ranging from flood protection in California and North Dakota to deepening the Port of Savannah and widening a Texas-Louisiana waterway that services the oil industry. The Water Resources Reform and Development Act passed Tuesday on a 412-4 vote. Lawmakers shook off criticism from conservative and watchdog groups like Heritage Action and Taxpayers for Common Sense that argued the bill should have done more to rein in wasteful government spending. Athens Banner-Herald
Submitted 1 years 350 days ago

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Experts give pros and cons of Tampa Bay-area economy
ECONOMISTS AT PNC FINANCIAL Services Group are bullish on the Tampa Bay economy, which includes the Sarasota-Manatee region, but they say a few weak spots remain. The regional economy will be an "above-average performer" in the long term, with many positives that were not diminished by the Great Recession, according to a report from a team led by chief economist Stuart Hoffman. "The Tampa Bay economy is set to climb more quickly than the U.S. in 2014 and 2015 on the back of service industries and with an end to the housing depression," PNC noted. Sarasota Herald-Tribune
Submitted 1 years 350 days ago

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Tourists flocking to the Sunshine State in record numbers
TAMPA — The number of tourists flocking to Florida continues to surge. Gov. Rick Scott will announce Thursday at Busch Gardens that a record number of tourists came to the Sunshine State during the first three months of this year. Preliminary numbers show 26.7 million tourists came to Florida during that time period. That's a 2 percent jump over the first quarter of 2013. According to Visit Florida, it's the state's highest quarterly total. Pensacola News-Herald
Submitted 1 years 350 days ago

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Mitch McConnell Is No Longer the King of Kentucky
FRANKFORT, Ky.—The headquarters of the Republican Party of Kentucky occupies the corner of a leafy neighborhood about a half-dozen blocks north of the Capitol. There are two signs out front. One, in gold lettering, identifies the facility as the party headquarters. The other reads: “MITCH McCONNELL BUILDING.” And so it has been. For three decades, Mitch McConnell, the Senate minority leader and the state’s senior senator, has been the face, heart, and brains of Kentucky Republicanism. And although he is expected to dispatch his tea-party primary opponent, Matt Bevin, with ease on Tuesday, the campaign has put on display a simple fact: McConnell is no longer the singular force here he once was. National Journal
Submitted 1 years 350 days ago

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Former Gov. McDonnell, wife will stand trial together; judge doesn't dismiss charges
RICHMOND — A federal judge declined to dismiss charges Tuesday against former Gov. Bob McDonnell and his wife, Maureen, or to separate their trials, according to orders filed here in U.S. District Court. That leaves the case moving toward a late July start, and the McDonnells will stand trial together. A jury will decide whether the more than $165,000 they received in gifts and loans from a Virginia businessman, plus the weight they threw behind his experimental dietary supplement, amounted to corruption. The former governor has apologized for taking these gifts and maintains he didn't do anything illegal. Star Scientific, the company in question, did not receive government contracts or the research money it sought. Daily Press
Submitted 1 years 350 days ago

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Huntington Ingalls agrees to acquire energy firm with 1,500 employees
NEWPORT NEWS —Huntington Ingalls Industries has agreed to acquire a Houston-based firm that provides a variety of engineering and management services to energy markets worldwide. HII, the parent of Newport News Shipbuilding, will take over UniversalPegasus International Holdings, a privately held company with 1,500 employees and a track record of working in the energy industry more than 50 years. Daily Press
Submitted 1 years 350 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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