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Aeroframe Expands at Chennault International Airport

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 ...

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Dow Eyes Midland, MI for Site of Solar Shingle Plant

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 ...

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Niagara Power to Boost Erie Canal Harbor Development

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 ...

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Louisiana Marching in Saints Parade

Louisiana Economic Development is maximizing the positive impact of the New Orleans Saints' appearance in the Super Bowl by taking out full-page ads in major newspapers portraying the Saints as a metaphor for other good things happening in the state. "This is really a huge win for our state, not just for the Saints and fans that supported them for so long, but it is a big economic win for the state of Louis ...

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Report Projects 7,000 Renewable Energy Jobs in Utah

A new study concludes that new renewable energy and energy efficiency investments in Utah could yield 7,000 net ongoing jobs, $310 million in net annual earnings, and a $300 million net annual increase in gross domestic product by state (GDPS) by 2020, according to alternative energy organization AWEA. The report, “Building the Clean Energy Economy: A Study on Jobs and Economic Development of Clean Energy i ...

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Bluegrass Region Attracts $47.5 Million in Venture Funds

Entrepreneurial companies in the Bluegrass Region attracted $47.5 million in venture funding, including angel and venture capital investments, in 2009, according to the annual survey by the Lexington Venture Club. The 88 Central Kentucky early-stage companies that participated in the survey reported 386 people hired and 804 people employed with an average full-time salary of $69,900. “This is another sign t ...

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Experian Adding 300 Jobs in Allen, TX

International credit information firm Experian plans to increase the size of its Allen, TX operation by almost a third, according to a report in the Dallas Morning News. Experian signed a deal this week with the city of Allen to expand its operations by 300 people in exchange for increased economic incentives, the Allen Economic Development Corp. said. Experian plans additional business operations at its 30 ...

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OK Governor Urges Funding for EDGE

Gov. Brad Henry is asking state lawmakers to develop a permanent funding source for a planned $1 billion endowment to help fund research projects in Oklahoma. Henry last week urged the Legislature to dedicate a revenue stream for the Economic Development Generating Excellence, or EDGE, fund. The Legislature voted to create the endowment in 2004, but only $150 million has been deposited so far. Interest from ...

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Where The Grass is Getting Greener

State approval of the use of marijuana for reducing nausea in chemotherapy patients and other medical applications is spreading like, well, marijuana. Fourteen states now have approved the possession of up to six ounces of pot for medical purposes, the latest being New Jersey, which passed a medical marijuana bill early last month that was signed into law by outgoing Gov. Jon Corzine. Numerous other states ...

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U.S. Economy Surges by 5.7%

The U.S. economy grew by its fastest pace in six years in the fourth quarter of 2009, according to the latest government statistics. The government estimates that the nation’s gross national product surged by a 5.7 percent annual rate. The economy expanded by an annual rate of 2.2 percent in the third quarter of 2009, the first positive jump since the recession took hold at the end of 2007. At its nadir, th ...

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