From the Desk of the Editor in Chief
NUCLEAR RESET The ongoing crisis at the Fukushima Daiichi nuclear power plant in Japan has prompted several countries to rethink their plans for expanding nuclear power. Three of the six reactor containment facilities at the Fukushima station were damaged by the earthquake and tsunami that took place in northeastern Japan on March 11. At press time, engineers at the plant were struggling to stabilize tons of spent reactor fuel at the crippled facility. The plant workers can only work in brief shifts due to intense radiation. A few days after the crisis erupted, German Chancellor Angela Merkel announced that Germany would reconsider extending the lifespan of its nuclear power plants. “The events in Japan have shown us that even things that seem all but impossible scientifically can in fact happen,” Chancellor Merkel said at a news conference held in Berlin. Tennessee Valley Authority executives, meanwhile, reassured utility customers that TVA reactors in East Tennessee and North Alabama are in areas “not prone to frequent or extremely large earthquakes” and have numerous safety features. Radiation that has seeped out of the Fukushima plant has been detected as far as Sweden. This month, Memphis is hosting the global Airport Cities Conference & Exhibition. We asked Mr. Perl about recent developments at the Memphis Aerotropolis. BF: Will the recent consolidation of Memphis economic development efforts under the EDGE program include the Memphis Aerotropolis? AP: The EDGE program is an umbrella organization where someone who is looking for economic development incentives for expansion or a new facility will go before a single board. Our Aerotropolis is not part of EDGE. BF: What are the latest developments at the Memphis Aerotropolis? AP: We recently received a seven-figure grant from the U.S. Department of Housing and Urban Development. Part of the funding from that grant will be used to develop a formal master plan for the Aerotropolis that will embrace the transportation assets [of the area] and the connectivity of the multi-modal Aerotropolis hub. BF: Memphis is widely recognized as the leading Aerotropolis in North America. Was that achieved without a master plan? AP: We’ve never had a formal master plan for Aerotropolis. Everything was done rather independently, with expansion of the various entities including the airport, the rail, the river and the roads. There wasn’t a formal game plan linking to these different assets. Ever since the Aerotropolis steering committee was created, a need for a master plan was identified. This HUD grant will enable us to do that. BF: What is the timetable […]
Texas continues to outperform the rest of the nation in job creation, creating more jobs in 2010 than any other state and achieving job growth nearly double that of other top 10 states.
In the wake of the earthquake and tsunami in Japan, everyone is taking a closer look at risk assessment. The Expert tells you how to assess your project’s exposure.
Memphis, TN, the original Aerotropolis (according to the professor who coined the term), is hosting the global 2011 Airport Cities Conference & Exhibition, held last year in Beijing.
A report prepared by the Los Angeles County Economic
Development Corp. (LAEDC) puts Southern California at the top of U.S.
manufacturing hubs, employing 389,300 workers.
Illinois boasts a $590-billion economy, the fifth largest in the nation, and a talented workforce that numbers more than six million.
Jersey City, NJ and Charlotte, NC continue their steady march to the top of the list of financial services centers.
The U.S. alternative energy industry has seen enormous growth over the past few years. Although the U.S. has a lot of catching up to do to match to global leaders, states across the country are in the process of aggressively investing in the development of renewable energy resources, spurring economic growth and creating jobs.