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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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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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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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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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EnerDel Plans Lithium Battery Plant in Indiana

Lithium battery-maker EnerDel is planning a new manufacturing plant at the Mount Comfort Business Park in Hancock County, IN. The company says it expects to employ 1,100 people at the facility over the next five years. The company expects to invest $277 million in the plant. EnerDel also is seeking a $480 million federal loan from the Department of Energy to underwrite its expansion. EnerDel will receive st ...

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Colorado Adopts 30% Renewable Energy Standard

Colorado Gov. Bill Ritter has signed a bill mandating that the state generate 30 percent of its electricity from renewable sources by 2020. Ritter said the bill, which also requires that at least 3 percent of electric power come from solar projects, would create “thousands” of new jobs and 100,000 new solar rooftops over the next decade. “Today we continue to chart a new course for Colorado’s New Energy Eco ...

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Ohio Approves 348-Megawatt Wind Farm

The Ohio Power Siting Board (OPSB) has approved agreements that  will allow two wind energy developers to construct up to 227 wind turbines in the Hardin County, OH the Ada Herald reports. Up to 348 megawatts will be generated from the turbines, which will make the Hardin Wind Energy Farm the largest in the state. Construction is projected to begin later this year on the developments, undertaken by JW Great ...

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