Guest blog post by Matt Erskine, Acting Assistant Secretary of Commerce for Economic DevelopmentOver the last three and a half years, President Obama has been committed to investing in efforts that strengthen rural economies, create jobs, support business growth, and expand opportunity for rural Americans.Today, the administration announced the 13 winners of a key component of this goal, the Rural Jobs and Innovation Accelerator Challenge. Economic development partnerships and initiatives in Alaska, Arkansas, Connecticut, Illinois, Kansas, Louisiana, Mississippi, New Hampshire, North Carolina, South Carolina, Virginia, and West Virginia will receive awards ranging from nearly $200,000 to more than $1 million. The projects will promote job creation, accelerate innovation, and provide assistance to entrepreneurs and businesses in a wide range of industrial sectors, including advanced manufacturing, agribusiness, energy and natural resources, technology, and tourism. They range from the Bristol Bay Jobs Accelerator in Alaska, a job training initiative put together by a consortium of 31 Alaskan tribes that will support a fisheries and seafood processing industry cluster; to the I-20 Corridor Regional Accelerator, a project involving the collaboration of institutions in Louisiana and Arkansas to promote science and technology clusters in these states; to the “Project 17: Together We Stand,” a 17-county business development effort led by Kansas State University.
I find it interesting: even now so many punches get pulled and so many reporters are unwilling to even note specifics of the enormous gap between Brownback's promises and reality.
That media failure is certainly one of the things that's wrong with Kansas:
Amazon.com Inc. (AMZN) is planning to shut down its distribution facility in Kansas in February, according to a statement made by the officials of Montgomery County in a press conference on Wednesday. As per the press update, the Kansas Department of Commerce has been in talks with Amazon whereby it offered an intensive competitive incentive plan to restore the facility and jobs.
T. Marc Schober submits:The overall Rural Mainstreet Index (RMI) climbed to a 17-month high, according to Creighton University’s November survey of bank CEOs in an 11-state region. The RMI rose to 40.9, which is the highest since July 2008 but is still considerably below growth neutral of 50.0.
This post America’s Shale Boom is Not Dead appeared first on Daily Reckoning.
America’s shale boom is not dead.
Knowing that simple fact — and bucking the mainstream media oil bash — is our ticket to a few extreme bargains. In fact, you’ll have the opportunity to profit from the U.S. oil production for multiple decades. Below I’ll give you two of my favorite oil plays, too.
CHARLESTON, W.Va. (AP) — Former President Bill Clinton says struggling rural regions like coal-dependent southern West Virginia should be the focus of new energy investments and infrastructure improvement.Clinton's 41-minute speech at the state party's Jefferson-Jackson Dinner Friday night focused more on rural issues than on promoting his wife, presidential hopeful Hillary Rodham Clinton.He questioned why there aren't assembly companies for windmills and solar plants investing in the state's coal-dependent reaches.
The recent crash in oil prices has set the stage for the most-anticipated OPEC meeting in years on Thursday. As oil-producing power brokers prepare to gather in Vienna, the Financial Post and Calgary Herald this week present Oil Pressure — a look at the forces shaping a new world order of cheap, plentiful oil. Today, a look at how the boom in hydraulic fracturing, or fracking, is shaking up Western Canada’s economy.
This post A Proven Operator, a Boom in the Making appeared first on Daily Reckoning.
It was originally an American who struck oil near the port town of Tampico, Mexico.
Wisconsin-born Edward Doheny was an oil tycoon who drilled a successful well in Los Angeles in 1892. It set off an oil boom, and Doheny sold out in 1902, making a fortune.
Think you’ve made a lot of money from the U.S. oil and gas boom?
You ain’t seen nothing yet…
By now, you’ve heard much about the shale boom. Drilling technologies have allowed us to extract oil and gas directly from the source rocks, or shale… and reversed a nearly 40-year decline in oil production.
In 2008, the United States produced 1.8 billion barrels of oil. In 2013, we produced 2.7 billion barrels… a 50% increase in five years.