President Obama put his stamp of approval this week on the reemergence of nuclear power in the United States, announcing that the Energy Department will back the construction of two reactors in Georgia with $8.3 billion in loan guarantees. The Southern Company and two partners will build the twin reactors, which will be located in Burke County. If it is completed, the project will be the first successful nu ...

The 2010 Index of Silicon Valley paints a gloomy picture of California’s recession-battered high-tech hub and warns that rapid economic growth in other countries coupled with the Golden State’s legislative gridlock is “draining the lifeblood of funding and foreign talent” from the Valley. Reclaiming Silicon Valley’s prosperity and prominence as a technology leader is not a given, argues the report released ...

Wisconsin is moving to make use of $238 million in economic development bonding provided under the federal stimulus program. Gov. Jim Doyle recently signed legislation enabling the state to pool its federal recovery zone bonds to fund job-creation projects statewide. “By pooling these resources together, we will make sure we take full advantage of this opportunity and move forward job-creating projects acro ...

As the winter Olympics unfold in Vancouver, B.C., the quadrennial guessing game has begun. Speculation is rampant, but not about which competitors will take home the most medals. Possibly the biggest question mark hanging over western Canada right now is whether the Games will turn a profit. Even before the festivities of the opening ceremonies began, Canadian newspapers were debating the accuracy of offici ...

A $700 million renewal of Ohio Third Frontier — the 10-year, $1.6 billion project to re-energize Ohio’srneconomy by investing in emerging technologies — will be decided by voters inrnreferendum on the state’s May 4 ballotGov. Ted Strickland praised a bipartisan agreement reached inrnthe state legislature to renew the Third Frontier. “This bipartisan agreementrnis the stron ...

One of the world’s first cellulosic ethanol demonstration plants has opened near Vonore, TN, marking what Gov. Phil Bredesen calls “an important step forward” in the race to reduce dependency on fossil fuels. The $50 million facility is expected to have an output of 250,000 gallons of ethanol annually and serve as a testing ground for new technologies that can be used in larger scale production. A partnersh ...

The city of Linden, NJ has cleared the way for the construction of a $5-billion clean coal plant to be constructed on the banks of the Arthur Kill river. The Linden City Council unanimously approved a memorandum of understanding to resolve development rights to a 106-acre property on the banks of the Arthur Kill, property the city had previously tried to condemn for a redevelopment plan in 2005. The council ...

Gov. Bobby Jindal, Aeroframe Services President and CEO Roger Porter and Lake Charles, LA Mayor Randy Roach have announced that Aeroframe will undertake an expansion of its operations at Chennault International Airport. Headquartered in Lake Charles, Aeroframe, which specializes in maintenance, repair and overhaul (MRO) of aircraft, will add at least 300 new, direct jobs this year with an average salary of ...

The Dow Chemical Company has announced that Midland, MI has been identified as the preferred site for the first full-scale production facility for its new DOW™ POWERHOUSE™ solar shingles, subject to finalizing local, state and federal funding.  In her State of the State address this week, Michigan Gov. Jennifer Granholm spoke of the site selection, which could bring more than 1,200 jobs to the region by 201 ...

The New York State Economic Development Power Allocation Board (EDPAB) officially authorized the New York Power Authority (NYPA) to utilize net revenues from the Niagara Power Project for an expedited funding package and Industrial Incentive Award to the Erie Canal Harbor Development Corporation (ECHDC). These funds will help support future waterfront redevelopment efforts in the Western New York region, in ...