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Maryland Streamlines Development Process

Gov. Martin O’Malley has launched “Business in Maryland Made Easy,” an economic development initiative and part of the governor's ongoing efforts to improve the conditions that allow businesses to grow and create jobs. “Maryland Made Easy”includes specific strategies for state agencies to help improve Maryland’s business environment by streamlining processes, simplifying regulations and improving communicat ...

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Rising tide of red ink

Anyone who thought state budget deficits were confined to one or two regions of the United States had a sobering wake-up call in the form of a report issued this month by the Center on Budget and Policy. The report indicates that the sea of red ink has now washed over no less than 44 states. Nevada, Illinois, New Jersey, Texas and California lead the list of states in arrears, each compiling current deficit ...

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IA Governor Unveils Public-Private Agency

Gov. Terry Branstad plans to unveil details Monday about a new economic development authority that would replace the existing agency, according to a report in the Des Moines Register. Gov. Branstad is expected to introduce the new Iowa Partnership for Economic Progress at his weekly press conference. He campaigned on a plan to scrap the existing Iowa Department of Economic Development, saying it was dysfunc ...

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Auto Parts Supplier Expands in Troy, MI

Automotive parts supplier ArvinMeritor will invest $23 million in facility and equipment upgrades to its headquarters in Troy, MI. The company got approval from the Troy City Council this week for personal and real property tax abatements that will total $2.4 million, $454,457 which will be city taxes, over a 12-year period. ArvinMeritor, which specializes in heavy duty truck, defense and industrial drive t ...

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Alaska Expands Development Incentives

Alaska Gov. Sean Parnell submitted four pieces of legislation to encourage increased investment in Alaska’s resource development and create job opportunities for Alaskans. "We continue to focus on legislation that will create economic opportunities and jobs for Alaskans,” Governor Parnell said. The governor transmitted a bill to establish a 20 percent tax credit for qualified research and development conduc ...

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SC, GA Issue Joint Resolution on Ports Dredging

Representatives of development agencies in two states whose ports are competing to become the go-to destinations from an expanded Panama Canal appear to be pooling their resources. South Carolina’s Lowcountry Economic Alliance reportedly has joined the Georgia Ports Authority and the Savannah Economic Development Authority signing a joint resolution in support of deepening both the Savannah and Charleston h ...

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Biofuel Will Help Boligee and the Environment

Coskata Inc. plans to build a new ethanol plant at the Crossroads of America Industrial Park in Boligee, Alabama. The Illinois-based company has secured a $250 million loan guarantee from the U.S. Department of Agriculture and will seek additional funding for the plant, which will turn wood and plant waste into ethanol. After the rest of the money is raised, the company can outline a construction schedule t ...

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UMass Biotech Manufacturing Project Moves Forward

A tentative agreement has been reached to build UMass Dartmouth's proposed $22-million biomanufacturing facility in Fall River on land that had more recently been offered as a site for a casino, university and city officials told SouthCostToday.com. A final decision will be made after additional review at the state level. The $22 million facility, which would be funded with a mix of state and university mon ...

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Delta Power Equipment Plans Facility in SC

The South Carolina Department of Commerce and Anderson County announced that Delta Power Equipment Corporation, a maker of power tools, will establish its new operations in Anderson County. The company will invest more than $3.6 million and expects to generate 40 new jobs. “The new facility will allow Delta Power Equipment to continue its tradition of providing top-notch woodworking equipment to our custome ...

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Eating our lunch

When Japan, Inc. flexed its muscle in the U.S. auto and consumer electronics markets in the 1980s, there was a lot of hand-wringing in America that the Land of the Rising Sun posed an existential threat to U.S. manufacturing. Our friends in Japan responded to this concern, particularly in the automotive sector, by building huge assembly plants in the United States. The message was clear: Japan understood th ...

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