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Arkansas EDC's Grant Tennille on Taxes and Industrial Recruiting


Submitted 2 years 117 days ago

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American Queen arrives at its new home port of Memphis
From Dinstuhl's chocolates placed on guests' pillows to former "American Idol" contestant Keia Johnson's voice, the American Queen has Memphis written all over it. The paddlewheel steamship rolled into home port Thursday carrying 400-plus tourists and down payment on its $89 million annual impact on the region. The 436-passenger ship, with a 174-person crew made up mostly of Memphians, docked in the city for the first time since a previous owner pulled the plug in 2008. Passengers sipped mimosas and bloody Marys, Captain John Sutton ordered the ship whistle blown in welcome, and the calliope played "Tennessee Waltz" and "Rocky Top." Memphis Commercial Appeal
Submitted 2 years 117 days ago

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Tennessee inheritance tax phaseout, sales tax cut on grocery food en route to governor
NASHVILLE – Tennessee’s inheritance tax -- currently levied at rates from 5.5 to 9.5 percent on estates greater than $1 million -- will be phased out by 2016, and the state sales tax on food will be cut by a quarter of a percentage point July 1, under bills approved by the state Senate today. The bills passed the House of Representatives April 12 and now head for Gov. Bill Haslam’s signature. Haslam proposed smaller cuts in both taxes and negotiated with Republican legislative leaders – who wanted total repeal of the inheritance tax – for the final versions. Memphis Commercial Appeal
Submitted 2 years 117 days ago

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U.S. sales help Volkswagen results race forward
Bolstered by rising U.S. market share, Volkswagen AG reported Thursday that global sales revenues climbed 26.3 percent in the first quarter over a year ago. "Particularly strong demand was recorded for the Passat" in the U.S., the company said in an earnings report Thursday. The German automaker said VW outperformed the overall American car market with a 34 percent jump in sales in the quarter. VW reported it sold more than 124,000 vehicles in the U.S. in the period, and its share of the market grew to 3.6 percent from 3 percent. Chattanooga Times Free Press
Submitted 2 years 117 days ago

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Spirit AeroSystems to hire 200 mechanics, technicians in Tulsa
Spirit AeroSystems Inc. is hiring 200 mechanics and skilled technicians to meet increased demand for aircraft components, company executives said Thursday. Spirit will hold a job fair Tuesday through Thursday to interview qualified composite mechanics, sheet metal mechanics, logistical support technicians, painter processors and experienced first-level operations managers, company officials said. "Our goal is to attract and retain the right people in the right positions to meet the needs of our customers around the world," said Mark Walker, senior manager of public affairs and communications. "Spirit needs to fill these positions to address rate increases and account for normal attrition rates. Tulsa World
Submitted 2 years 117 days ago

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White House defends EPA in wake of attack by Oklahoma Sen. Jim Inhofe
WASHINGTON — The White House on Thursday rejected Sen. Jim Inhofe's charges that the Environmental Protection Agency has sought to crucify oil and gas companies and said an EPA official was “inaccurate” when he likened the agency's enforcement approach to Roman crucifixions. White House spokesman Jay Carney said the rise of domestic oil and gas production in the last few years proves that the administration is not targeting exploration companies for violations of environmental laws. Daily Oklahoman
Submitted 2 years 117 days ago

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Mississippi budget negotiators close to final product
(AP) Negotiators at the Mississippi Capitol said Friday that they were close to agreeing on a $5.6 billion state budget for the year that begins July 1. House and Senate leaders were trying to work out some final details, and they were hoping to file final budget proposals by Friday evening. That would be a full day ahead of the Saturday evening deadline to file the final version of 104 budget bills, covering everything from education to public health to prisons. "At this point, we're cleaning up some small items," said Senate Appropriations Committee Chairman Buck Clarke, R-Hollandale. "It's amazing. Every hour, something new pops up." Clarion- Ledger
Submitted 2 years 117 days ago

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New Orleans Jazz Fest returns hotels to 'sold out' status
As the New Orleans Jazz Fest opens today, hotels are booked to capacity, and any available rooms are selling briskly. But hotel operators say they are prepared for the crush of business that the two-weekend event brings. "We are expecting what has now become a typical high-demand weekend," said Al Groos, general manager of the Royal Sonesta hotel on Bourbon Street. Long removed from the minds of local hotel operators are concerns that festival occupancy will fall anywhere below sold-out status because of visitor worries about hurricane recovery efforts or economic strain caused by the recession of a few years ago. "All indications are that it's going to be a really, really special year," said Louis Edwards, associate producer of the festival. "It's just a charmed year from a programming standpoint, and we know it's going to be a charmed year for the tourism industry." Times-Picayune
Submitted 2 years 117 days ago

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Criminal charges on BP engineer are a welcome step in federal investigation of oil spill: An editorial
The arrest this week of a BP engineer on allegations that he destroyed evidence related to the 2010 oil spill is a significant development and a good sign that the Justice Department intends to aggressively pursue criminal violations related to the disaster. Prosecutors in New Orleans charged Kurt Mix with obstruction of justice for allegedly deleting hundreds of text messages about the rate at which oil was escaping the Macondo well. These are serious charges, and Mr. Mix faces up to 20 years per count in prison if convicted. Times-Picayune
Submitted 2 years 117 days ago

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Miss. U.S. Sen. Thad Cochran opposes farm bill
WASHINGTON — The Senate Agriculture Committee passed a five-year, half trillion-dollar farm bill on Thursday that would cut spending by $25 billion, slashing subsidy payments in favor of new crop insurance programs despite opposition from Southern lawmakers concerned it would hurt growers in their region. The approval by a 16-5 vote marks the start of a daunting challenge for lawmakers to implement new farm legislation before the current law expires on Sept. 30. Sen. Thad Cochran withheld his support for the measure, citing inadequate coverage for important crops produced in Mississippi. Cochran, a Republican who serves on the Senate Agriculture, Nutrition and Forestry Committee and is a former chairman of the panel, was among five senators who voted against adopting the bill. Clarion Ledger
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     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 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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