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Feds Aid Fremont, CA Effort to Convert NUMMI Plant

The U.S. Economic Development Administration is providing a $330,000 grant to the city of Fremont, CA to study how to reuse the New United Motor Manufacturing Inc. plant, which shut down on April 1 after operating for 25 years. U.S. Deputy Assistant Secretary of Commerce Brian McGowan said in a statement, "The NUMMI site closure in Fremont is representative of the need to diversity and strengthen the San Fr ...

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Ontario Awards 184 Mega-Projects for Renewable Energy

Ontario is awarding 184 renewable energy projects that will create a total of 2.5 gigawatts of alternative energy support under its feed-in tariff program for projects of more than 500 kilowatts in size, according to The Street.com. The largest number of contract awards in solar were made to a Canadian solar company, Northland Power Solar, a company listed by the Ontario Power Authority (OPA) as Ontario Inc ...

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Gore, Bush, Clinton to Speak at BIO 2010

Two former U.S. presidents and a former U.S. vice president will be headlining the keynote sessions at this year’s BIO International Convention, to be held May 3-6 at McCormick Place in Chicago. President Bill Clinton and President George W, Bush will be on the stage for a panel discussion on domestic and foreign policy issues at Tuesday’s keynote luncheon on May 4. The Wednesday, May 5 keynote luncheon at ...

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Nova Scotia Power to Build Biomass Plant

Nova Scotia Power and NewPage Port Hawkesbury have reached an agreement to develop a $200-million facility to generate electricity by burning biomass. They are planning a 60-megawatt biomass project that could produce three per cent of the province's electricity to supply 50,000 homes. This proposal is similar to one rejected by the Nova Scotia Utility and Review Board last year. But this version is promisi ...

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Worldcolor Expands in Kentucky

Gov. Steve Beshear and officials in Simpson County, KY have announced the expansion of Worldcolor’s facility in Franklin, Ky.  The Franklin expansion will create 135 new full-time jobs and entail a capital investment of more than $9.7 million in the Commonwealth. “I’m delighted that Worldcolor has chosen to make such a significant investment in its Franklin plant, creating 135 new jobs,” said Gov. Beshear.  ...

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More Carbon = More Jobs?

California’s ballot initiatives, which permit voters to make sweeping changes in state laws by passing statewide referendums, have sometimes had long-lasting and unintended consequences for the nation’s most populous state. Perhaps the most profound impact from these annual edicts from Golden State voters came in the late 1970s, when Proposition 13 placed a ceiling on the state’s tax structure. Unfortunatel ...

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Science/Tech Park Planned for Western NY

The Genesee County Economic Development Center is laying the groundwork for the creation of  the Western New York Science and Technology Advanced Manufacturing Park (STAMP), a megaproject that could create an estimated 9,000 jobs for the region. The county is looking at a 1,336-acre site in Alabama township for the proposed science and tech park, according to Buffalo News City & Region. In a development ...

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Angels of Wall Street

Nearly 20 months after the fiscal collapse they engineered almost destroyed the global economy, the movers-and-shakers on Wall Street have had an epiphany. At a press conference held this morning at a soup kitchen in Manhattan’s downtrodden Bowery, a dozen of the most powerful investment titans announced that billions of dollars in bonuses they have siphoned from federal bailout funds will be donated to a n ...

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Cape Wind Inks Deal With Siemens Energy

Although it still is awaiting a federal permit to build a controversial offshore wind farm in Nantucket Sound, Boston-based Cape Wind has signed an agreement to buy 130 wind turbines for the project from Siemens Energy Inc. Siemens concurrently announced it will open an office in Boston for U.S. offshore wind projects. Asked why Cape Wind made the agreement now, before the federal government’s permitting de ...

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