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The Crimson Tide is rolling, big time, and now it’s brought in our top honor: Alabama is BF’s 2015 State of the Year.
Nine states and Washington D.C. lead the pack in electricity grid modernization. Navagant Research forecasts that the global Smart Grid as a Service (SGaaS) market, estimated at $1.7 billion in 2014, will grow to $11 billion in 2023.
Development of oil and gas fields, the use of the Northern Sea Route as the shortest cargo transit route between Europe and Asia and the development of industrial, transport and tourist infrastructure.
The world's most expensive stadium will anchor a new 300-acre, $2.6-billion entertainment district in L.A.
The New Jersey Economic Development Authority (NJEDA) has found a novel way of expanding this toolset: NJEDA has made a series of "limited partnership" investments in an NJ-based private venture-capital fund that targets growth-stage tech businesses. The NJEDA is investing more than $40 million in venture capital funds, leveraging investment in NJ businesses to more than $2.5 billion.
When the project was announced nearly 10 years ago, the new-and-improved 77-kilometer waterway through the narrow Isthmus that connects North and South America was expected to reopen for business in time for the 100th anniversary of the Canal in 2014. But the daunting engineering challenge of building a third set of new locks—and a toxic combination of legal and labor issues—rendered that deadline unrealistic almost from the get-go.
Dow and DuPont have apparently agreed that they would be in a stronger position as a merged company with powerful synergies to successfully navigate an eventual breakup into more specialized units. The tentative deal also may signify the next step in the evolution of the global plastics industry, a shift in focus to specialty and advanced engineered plastics from oil-based petrochemical mainstays like polyethylene. Both companies have realized the need to get bigger before they can get smaller.
Proposition 6 created an initial SWIFT fund of $2 billion, which the TWBD expects to leverage into a total of $27 billion in financing over the next 50 years to implement the state water plan, with about half of that coming from state financial assistance. State officials said TWDB was able to approve a large number of projects in the first round because a majority of entities applying for funds requested long-term financing, which enabled the board to stretch the available funds. TWBD allocates funding for water projects based on a ranking system it developed that takes into account the length of time it will take to implement a project and the overall long-term improvement the project represents. For example, a seawater desalination plant proposed by the Guadalupe-Blanco River Authority received seed funds from TWDB even though it will take much longer to build than other, higher-priority projects. TWDB must by law spend up to 20 percent of Prop 6 funds in the next five years on water conservation or re-use projects.
The VA appears to have mismanaged the health records of nearly a million veterans; about 900,000 veterans are still waiting to get on the VA's backlog for health services; and—brace yourself—as many as 300,000 veterans may have died awaiting access to health services they were promised but never received.
Organizations in Pittsburgh, Detroit, northern Michigan, St. Louis, Alaska, Wisconsin and Nevada, have embraced business idea competitions; rewarding dozens of new ventures with grants ranging from $5,000 to $50,000. The 43North competition, said to be the largest such prize pool in the nation, offers $5 million in prize money to entrepreneurs who agree to move to (or retain their start-ups in) the city.
Geoengineering will be a growth sector in the age of climate change. The latest global warming "miracle cure" for the big CO2 problem is a new technology said to be able to extract carbon from the air and condense it into fibers that could be used as building materials or to produce components for electronics, cars, clothing and other manufactured goods.