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VA Region Gets $41.5 Million in Stimulus Bonds

Prince George’s County in Virginia has been awarded $41.5 million in stimulus recovery bond financing for private economic development projects and is looking for private developers and bankers with projects in need of the funds. Part of the Recovery Zone Facility Bond program, the financing extends tax-exempt status to private development activities, targeting areas with declines in employment. The bonds a ...

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Dubuque Wins Federal Economic Development Award

U.S. Assistant Secretary of Commerce John Fernandez presented city officials in Dubuque, IA today with the highest national award for economic development excellence. The Iowa city was awarded the 2009 Economic Development Administration's Excellence in Economic Development in Historic Preservation-led Strategies citation for the redevelopment of the Roshek Building as a new home for IBM's Global Informatio ...

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Pennies From Heaven

They’re cleaning up another mess on Wall Street today, but this time it’s not Goldman Sachs’ fault. The center of the financial universe served up another heart-attack special yesterday, but the usual suspects were blameless. That’s not to say that a Himalayan-sized mountain range of debt in Greece, Portugal and Spain is no longer casting a shadow over the global recovery. The Euro-contagion and its evil tw ...

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Phoenix Packaging to Open HQ in Virginia

Phoenix Packaging Operations, LLC, a subsidiary of Phoenix Packaging Group, will invest more than $20 million to establish its first U.S. operation in Pulaski County, VA. The company will manufacture thermoformed rigid plastic packaging for customers in the U.S., and also establish its North American headquarters in Pulaski. The project will create 240 new jobs. Virginia successfully competed against Georgi ...

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O’Malley Named BIO Governor of the Year

The Biotechnology Industry Organization (BIO) announced its selection of Maryland Governor Martin O’Malley as Governor of the Year this week in recognition of his leadership and support of the biosciences industry. Gov. O’Malley received the award during the Wednesday Keynote Luncheon at the 2010 BIO International Convention in Chicago, IL. “Governor O’Malley has done an exemplary job enhancing and expandin ...

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Gore Issues Moral Challenge on Climate Change

Former Vice President Al Gore directly challenged his critics and threw down a moral gauntlet on the issue of climate change in a keynote address to the BIO 2010 convention in Chicago this week. “What we are facing is unprecedented in human history,” Gore said. “If you confuse unprecedented with improbable, the exceptions can kill you—and climate change is one of those exceptions.” The former U.S. vice pres ...

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BIO 2010: Biotech Now Supports 8 Million U.S. Jobs

The BIO 2010 International Convention was kicked off this week in Chicago with the release of the BIO/Battelle State Biosciences Initiatives report. The report, which is issued every two years, indicates that total employment in the U.S. bioscience sector has exceeded 1.42 million, with another 6.5 million jobs indirectly supported by biotech. The annual growth in the biotech sector registered a healthy 1.4 ...

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United, Continental Announce Merger

UAL Corp.'s United Airlines announced on Monday it will merge with Continental Airlines in a deal worth $3.2 billion, creating the world's largest airline. The combined company, which will fly under the United name and Continental logo, is now larger than Delta Air Lines which became the country's largest airline when it merged with Northwest Airlines in 2008. It is expected to serve more than 144 million p ...

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Mississippi Sets its Priorities: Business is Number One

Incentives and initiatives in a supportive business climate—along with an obvious geographic advantage—will prove once again that Mississippi is a business force to be reckoned with. In his state of the state address, Mississippi Gov. Haley Barbour said “2010 is the year we will help lead America out of this global recession; the year when we pick up where we left off before this recession sidetracked our g ...

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Louisiana to Site Seekers: What Recession?

Louisiana's economy and job creation have been outpacing the nation throughout the past two years. Come see how this Southern state can boost your business. Louisiana is bucking the national recession by having an economy that currently is outperforming both the South and the nation. Unemployment rates in 2009, according to Louisiana Economic Development (LED) officials, was down about one percent since Jan ...

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