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Ohio Corporate Moves

Howard Hanna Moves Real Estate HQ to Cleveland Howard Hanna Real Estate will move the regional headquarters of its 21-county operation in Ohio from Seven Hills to Cleveland. It will consolidate its operations in the downtown Warehouse District at 800 West St. Clair, the former location of recently acquired Realty One. “With the help of Councilman [Joe] Cimperman, the Downtown Cleveland Alliance and the City ...

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Tennessee Corporate Moves

Hemlock Semiconductor to Build $2.5 Billion Plant in Clarksville The Hemlock Semiconductor Group will invest up to $2.5 billion to locate a polycrystalline silicon (polysilicon) manufacturing operation in Clarksville, TN at the Commerce Park megasite in the northeastern edge of the city. If plans are fully implemented, it will be the largest corporate capital investment in Tennessee history. After a two-yea ...

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60 Seconds with Steve McKenna, Allied Van Lines, Vice President of Pricing and Contracts

BF: What economic advantages does Texas offer that have kept the state atop Allied's relocation destination list for the last four years? SM: Texas is often at the top our list due to a number of factors. First, it's a large state with a large population; therefore, it's likely to have a greater percentage of activity. The large metropolitan areas in Texas have diversified their economies over the last 20 y ...

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California Boosts Its Bond Program

The California Enterprise Development Authority (CEDA) has praised the State Treasurer’s office for increasing the funding allocation  from approximately $120 million to $150 million for the 2009 Industrial Development Bond (IDB) program. This annual IDB issuing volume, which funds projects for California manufacturers, is established by the State Treasurer and represents a $30-million, or a 25%, increase, ...

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Blago gets the boot

The tawdry saga of Gov. Rod Blagojevich concluded on schedule this week, when the Illinois State Senate unanimously ousted the helmet-haired governor after a brief trial in which Blagojevich was the most damning witness against himself, courtesy of wiretaps provided by a federal prosecutor. U.S. attorney Patrick Fitzgerald's impulsive decision two months ago to publicly reveal Hot Rod's efforts to peddle Ba ...

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Fighting Back Against Job Slashing

After yesterday's employment massacre--more than 70,000 job cuts announced across various U.S. industries--the role of economic development and the importance of economic developers, have reached new heights. Before slumping my shoulders in response to the crush of job losses, I was emboldened by news out of North Carolina. EDGE4, a five-year economic development program designed to benefit Raleigh, Wake Co ...

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Where the pain is (and isn’t)

A state-by-state breakdown of unemployment, budget deficit and foreclosure statistics, jointly produced by CNN, Fortune and Money magazines, clearly illustrates which states are getting hit the hardest by the recession. Here are the states that appear to be in the worst shape, economically, according to an aggregate of these indicators: California -- 8.4 percent unemployment, $14 billion deficit, 3.9 percen ...

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Wind Farms Whistle Across North America

Valero Energy Corporation, one of the largest oil and gas refiners in North America, has begun its Phase I operation of a 50-megawatt (MW) windfarm located in McKee, TX. Just north of Amarillo, the McKee Windfarm will be constructed in two phases. Initiated in December 2008, energy production from six General Electric (GE) 1.5-MW wind turbines of Phase I has been commissioned for startup.  Phase II will con ...

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