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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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Rebuilding Haiti to Cost $3.9 Billion

The Haitian government this week presented to international donors at a special United Nations conference in New York a $3.9-billion plan to rebuild the country, which was devastated by a Jan. 12 earthquake that killed more than 300,000 people. The plan calls for shifting economic development away from the Haitian capital of Port au Prince to a series of new economic development zones linked to new roads, a ...

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Tampa, Atlanta Least-Expensive for Business

Very competitive labor costs along with moderately-low office/industrial leasing and sales tax costs help make Tampa the least-costly place to do business among 22 U.S. cities/locations with populations exceeding 2 million, according to a study by KPMG LLP, the audit, tax and advisory firm. Atlanta was the second most cost-competitive location in the large-cities category, followed by Miami and Baltimore, r ...

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Utah Wants to Grab Federal Land

Utah Gov. Gary Herbert has authorized the use of eminent domain to take some of the U.S. government-owned land in the state and turn it over to economic developers. Federal-owned land accounts for more than 60 percent of the acreage in Utah. Herbert has signed a pair of bills into law intended to level the playing filed for economic development on energy-rich parcels that currently are owned by the federal ...

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NY OKs $279M for Small-Scale Energy Projects

New York State’s Public Service Commission has approved a $279-million funding package for small-scale renewable energy projects over the next five years. The plan approved yesterday will help thousands of homeowners and businesses to install solar panels, fuel cells, wind turbines and other renewable energy devices, the Commission said. The $279 million funding package will come from the state’s Renewable ...

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