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Is There A Better Way To Pay For America's Schools?
Here's what school districts spend per student in each state. Each dot represents a school district in a given state. Greater distance between dots indicates greater disparities in funding. NPR
Submitted 5 hours ago

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Incentives are necessary evil
I respect Tom Humphrey, and through the years, I have agreed with about 95 percent of his opinions about the state Legislature. His comments relative to "corporate welfare," however, are in the 5 percent with which I differ. If state and local governments do not offer incentives to new and expanding industries, new companies will locate in states that do offer incentives. The upside of offering incentives and securing additional jobs and capital investment from new industries (and expanding resident companies) is more than any governor or legislator can oppose. Almost everyone understands that new companies and expanding resident industries in our state help all of us. Knoxnews.com
Submitted 8 hours ago

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Texas’ high-speed train will provide economic development, jobs and extra revenue for communities along the North Texas-to-Houston passenger line
In response to Mr. Marty Hiles’ press release posted April 25, 2016, I wanted to share with you and your readers the facts about the high-speed rail project coming to Texas and correct some of his inaccurate statements. While Mr. Hiles claims, without any evidence, that the train won’t provide any economic benefits, a recent independent research study found that the North Texas-to-Houston railway will, in fact, have a dramatic economic impact on the communities along its path. This report estimated the high-speed train will add $36 billion in economic benefits over the next 25 years. Localnewsonly.com
Submitted 9 hours ago

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Florida could lose ground in economic development race, researcher says
Florida needs to fight the national rumors that it's "out of the economic development business," public policy researcher Dale Brill said during an interview Wednesday. "They can't do that fast enough. Competitors are telling everyone we're closed for business," he said. The state legislature in its spring session refused to give Gov. Rick Scott the $250 million in economic development funds he requested to attract companies to the state and create jobs. Enterprise Florida director Bill Johnson has since resigned. Sun-Sentinel
Submitted 9 hours ago

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Editorial: Norfolk Southern deal — a terrible waste of taxpayer money
Last month we noted with some asperity Gov. Terry McAuliffe’s attempt to take credit for 165 new jobs in Norfolk — when those jobs were simply being moved from Roanoke, where the railroad company Norfolk Southern was closing an office. Richmond.com
Submitted 10 hours ago

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US politics is badly infected with economic nostalgia
The current state of American politics has led to a rediscovery of working-class philosopher Eric Hoffer. Probably Hoffer’s most well-known work is “The True Believer: Thoughts on the Nature of Mass Movements,” published in 1951. As a recent Daily Beast story on his new found relevance explains, “Hoffer’s big insight was that the followers of Nazism and Communism were essentially the same sort of true believers, the most zealous acolytes of religious, nationalist, and other mass movements throughout history.” Ael.org
Submitted 3 days ago

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Florida's small businesses still optimistic - but less than last year
A new survey of Florida small business owners finds seven in ten (71%) plan to grow their business over the next six months -- which is good, but is down significantly from last year's 81%. More than one quarter of Florida business owners (27%) are planning to hire within the next six months, down dramatically from last spring (40%). In terms of paying themselves a salary, 62% of Florida small business owners do pay themselves - a stat unchanged from last spring. But that 62% is much higher compared with business owners in the south (48%) and U.S. businesses overall (51%). Floridatrend.com
Submitted 3 days ago

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Why Cities Are So Well-Suited to Renewable-Energy Growth
Last week, 175 countries signed onto a global agreement to significantly reduce carbon emissions in the face of the threat of climate change. Many of those same countries—particularly India, China, and Nigeria—are simultaneously experiencing major urbanization trends that will move billions of people into cities over the next several decades. In fact, according to the United Nations, approximately 2.5 billion people will likely join the world’s urban population by 2050, almost entirely in Asia and Africa. By that time, two-thirds of the world’s population is projected to be living in urban areas, according to the United Nations. Wall Street Journal
Submitted 3 days ago

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Electric cars will cause the next oil bust, and there will be no recovery: Bloomberg
A supply glut on the global market led to oil prices plummeting below the $30 per barrel range last year, with ripple effects reaching Louisiana where thousands of jobs in the energy sector have been lost. Oil prices have since rebounded to reach $50, but the next nosedive will come within a decade and there will be no recovery, according to an analysis from Bloomberg. The reason: More automakers are investing big time in electric cars. NOLA.com
Submitted 3 days ago

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Should cities subsidize sports facilities? It depends.
The owners of professional sports teams have become very comfortable over the past 20 years in asking for government help and incentives as they plan the construction of their next stadiums or arenas. While the focus has increased on the requests for — and expectation of — such help by the teams, this is not a concept that has just popped up. Any city, county or state which is asked to help fund a sports facility project should leave their jerseys and logoed hats at the door of the negotiations and bring sharp pencils and calculators instead. The numbers will sometimes work to create a great result for both sides in such a partnership. Often, they will not. Dallas Morning News
Submitted 3 days ago

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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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