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Chiquita says N.C. incentives mostly offset moving costs
Chiquita Brands said Tuesday that relocating its headquarters from Cincinnati to Charlotte will cost $30 million, but most of that will be offset by $24 million worth of state and local incentives. The company announced last year that it was moving to Charlotte for access to a busier airport, a more bilingual workforce and government incentives. Chiquita said it will recoup the $24 million over the next 12 years, as incentives such as tax rebates are awarded by North Carolina, Charlotte and Mecklenburg County. Charlotte Observer
Submitted 3 hours ago

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Clemson study shows some S.C. counties fared better during downturns
CLEMSON — South Carolina has weathered two recessions since the new millennium. A detailed economic study of the Palmetto Sate between 2000 and 2008 by Clemson University Economic Development shows clearly that certain counties and regions fared better than others. Clemson University
Submitted 4 hours ago

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Perdue adds 2,000 NC Pre-K slots
RALEIGH -- Gov. Bev Perdue said today she would create 2,000 slots in the state's pre-kindergarten program within weeks – the latest move in her confrontation with the legislature over pre-K for at-risk four-year-olds. "We've chosen to do this," she said, speaking at Happy Face Preschool in Raleigh this morning. "I'm sure there will be a gnashing and grinding of teeth, but at the end of the day, regardless of what (legislators') reaction is, there will be 2,000 children who by Aug. 15 will have the preparation they need to start kindergarten prepared....That's a fight worth having." News Observer
Submitted 4 hours ago

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This Is The Memo That Could Have Saved The US Economy
Noam Scheiber, author of the hot new book, Escape Artists, has revealed a great new nugget today. It's a memo written in 2008 by Obama econo advisor Christy Romer. The gist: The size of the stimulus needed to be around $1.8 trillion to actually accomplish the goal of closing the massive output gap. The full memo is here, but here's the key part. Business Insider
Submitted 4 hours ago

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THE TRUTH ABOUT GAS: Here's How Much Of Your Life Every Year Just Goes To Filling Your Tank
As long as everyone is talking about gasoline prices, here's another way to think about it: How long does the average American worker have to work in order to buy one gallon of regular gas? We'll answer that in two steps. Business Insider
Submitted 4 hours ago

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Kentucky offers grants to help small-business exports
The Kentucky Cabinet for Economic Development is accepting applications from Kentucky small businesses for grant money through the State Trade and Export Promotion program. Business First
Submitted 4 hours ago

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LCRA approves Texas water management plan
The Lower Colorado River Authority passed its water management plan today. The new plan, detailing stricter guidelines for releasing water to rice farmers and nearly doubling water reserves for cities and power plants, will now be sent to the Texas Commission on Environmental Quality for a technical review that will be completed within a year. Austin American Statesman
Submitted 4 hours ago

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Gaming is back in South Carolina
Video poker-style gaming is back, say state law enforcement officials, and they’re looking for help from lawmakers to stop the illegal activity. “Gaming is back in South Carolina. It’s proliferated in the last couple of years to every county,” said SLED Chief Mark Keel, head of the state’s top law enforcement agency. The State
Submitted 4 hours ago

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How the Virginia GOP Could Tank Bob McDonnell's Political Fortunes
State mandated-transvaginal probes! Well Virginia, you certainly know how to get a gal's attention. This weekend I went home to Virginia, partly to give my parents their granddaughter fix but partly to survey the political landscape. My home state has suddenly become the focus of national attention due to extreme anti-woman legislation that looks ready to be passed by the Republican legislature and could yet be signed into law by Republican Governor and vice presidential hopeful Bob McDonnell. The truth is that Virginia's lady problems go way beyond what I like to call PAP (Probes and Personhood). The Atlantic
Submitted 4 hours ago

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What Whaling Can Tell Us About Industry Today
One hundred and fifty years ago, around the time Herman Melville was completing Moby Dick, whaling was a booming worldwide business and the United States was the global behemoth. In 1846, we owned 640 whaling ships, more than the rest of the world put together and tripled. At its height, the whaling industry contributed $10 million (in 1880 dollars) to GDP, enough to make it the fifth largest sector of the economy. Whales contributed oil for illuminants, ambergris for perfumes, and baleen, a bonelike substance extracted from the jaw, for umbrellas. The Atlantic
Submitted 4 hours ago

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Features & Opinion

 
OPINION
By Mike Randle
 

In December, the National Labor Relations Board dropped its lawsuit against Boeing and the Chicago-based company’s nearly $1 billion investment in a 787 Dreamliner plant in North Charleston, S.C. The lawsuit was dropped after the aircraft giant agreed to produce its 737 Max jetliner with union labor in Washington state where the company employs tens of thousands or workers.

 

 

 FEATURE  
By Rick Farmer
 
When Jay Schwedler, president and CEO of the Sumter Development Board, found out what the project required, he knew he had the site, the speed and the determination to make Sumter a viable contender.
 
 
 

Everyone is predicting a surge in manufacturing and we are sure most of that is sourced from Boston Consulting Group's widely publicized report titled "Made in America, Again." No industry sector in the South represents that expansion better than the Southern Automotive Corridor. Activity in the Southern Automotive Corridor has been off the charts the past 18 months.

 
 
 OPINION
by Mike Randle
 

I have traveled more in the last six months than I have in any six month period since the good old days. You remember the good old days, when economic development in the South was fun? That was most of the 1990s and a short period from 2004 to 2006. Those were the days. Those were the days when the South dominated this nation's economy (it still does, but let's act for now that it doesn't).

 


 


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