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Va. beats out Tex. for $150 million Capital One project
Capital One Financial Corp. will create a $150 million data center in Virginia, which beat out Texas for the project, Gov. Robert F. McDonnell announced Wednesday. The data center, to be built in Chesterfield County, will create at least 50 jobs, McDonnell said. Capital One, founded and headquartered in McLean, Va., is the country's sixth-largest bank based on deposits, employing more than 14,000 in Virginia. It is the ninth-largest private sector employer in the commonwealth and the largest bank headquartered in Virginia. McDonnell, who approved a $500,000 grant from the Governor's Opportunity Fund for the project, called the data center a “tremendous investment.” The Washington Post
Submitted 2 years 117 days ago

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Charlotte Douglas to open new terminal wing Saturday
Charlotte Douglas International Airport officials on Tuesday showed off an expanded international arrivals area, five additional security lanes at a new checkpoint, and what’s likely to be a more energy-efficient model for the rest of the terminal. The new 60,000-square-foot, $23 million wing of the terminal is set to open on Saturday. Funded with airport revenue bonds, it extends from the terminal’s east side, next to Checkpoint D. Officials say the building will reduce congestion at existing checkpoints, especially at peak times and for international passengers who have to catch domestic connections. Charlotte Observer
Submitted 2 years 117 days ago

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Capital One to build data center in Chesterfield, Va., add 50 jobs
Capital One will invest more than $150 million to build a data center in Chesterfield County, bringing with it at least 50 new jobs, the county announced today. The county said Virginia successfully competed against North Carolina and Texas for the center operated by the McLean-based financial corporation. "We are proud that the company will make this tremendous investment to enhance its IT infrastructure and establish a new data center in Chesterfield County," Gov. Bob McDonnell said. The center will be built on about 60 acres in Meadowville Technology Park, a county official said. Richmond Times-Dispatch
Submitted 2 years 117 days ago

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Could the Shell cracker wind up in WV after all?
COULD the multi-billion dollar ethane cracker that Shell Oil has said it wants to build in Pennsylvania end up in Ohio or West Virginia after all? On Tuesday The Associated Press reported that Pennsylvania Gov. Tom Corbett said he has heard that Ohio and West Virginia are trying to lure away the cracker Shell said in March it wants to build near Monaca, Pa. Corbett's comment came as he tries to get the Pennsylvania Legislature to approve a $1.7 billion state tax credit for the project. Charleston Daily Mail
Submitted 2 years 117 days ago

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Hey, Aaron Sorkin: Your Lame Show Got the BP Spill Backward
Like a knight with my banners now bravely unfurled, I hurl down my gauntlet to thee, Aaron Sorkin, and your preposterous, sanctimonious, Man of La Mancha–quoting HBO drama Newsroom. And I basically agree with the show’s basic critique of dumbed-down, he-said-she-said, eyeball-driven journalism! I just hated the pedantic lectures disguised as rat-a-tat-tat dialogue in the first episode, and our awesome Jim Poniewozik says the coming episodes are even worse. I don’t have much to add to Jim’s TV criticism, but I want to gripe about Sorkin’s first example for his journalism-bashing thesis, the BP spill. He seems to think it was the ultimate undercovered story. It was actually an overcovered story. Time
Submitted 2 years 117 days ago

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Recycling biz plans 75 jobs in Charleston Co., SC
CHARLESTON, S.C. (AP) - A company that recovers and sells component materials is planning to create 75 new jobs in Charleston County. The South Carolina Department of Commerce announced on Wednesday that PyroTec Inc. is planning to spend $10 million to set up its domestic and global corporate headquarters. wmfbnews.com
Submitted 2 years 117 days ago

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Va. beats out Tex. for $150 million Capital One project
Capital One Financial Corp. will create a $150 million data center in Virginia, which beat out Texas for the project, Gov. Robert F. McDonnell announced Wednesday. Washington Post
Submitted 2 years 117 days ago

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The South's Best Economic Development Law Firms
If your company is undergoing a site search in the American South, this digital magazine of the South's best economic development law firms is a valuable asset. Southern Business & Development magazine recently conducted a survey of the region's economic development community and the results of the survey can be found in this digital magazine. Find out which law firms are considered the best in the practice of economic development. Click on the headline above. SB&D
Submitted 2 years 117 days ago

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Florida’s Scott Says U.S. Voter Purge Challenge Rejected
Florida’s governor said a U.S. government request to block the state from removing non-citizens from voter rolls was rejected by a federal judge. Businessweek
Submitted 2 years 117 days ago

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America Realizes It Likes Federal Spending After All
There’s about to be a big change in the federal budget debate. In the end, the big winner will be the part of the budget that supposedly is so unpopular — federal spending — that a candidate for office this year cannot currently say he or she supports it without risking massive political condemnation and reprisals. Nation of Change
Submitted 2 years 117 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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