Showing posts with label Could. Show all posts
Showing posts with label Could. Show all posts

Thursday, May 3, 2012

Budget Plans Could Stimulate Job Opportunities, Says reed.co.uk

LONDON, April 30, 2012 /PRNewswire/ --

Corporation tax cuts and future infrastructural and transport projects could bolster employment opportunities in Manufacturing, Engineering and Energy sectors, says job site.

Last month the Chancellor of the Exchequer, George Osborne, delivered his latest Budget to the House of Commons, which revealed numerous tax cuts, an obstinate commitment to deficit reduction, and a promise to increase business-focused investment throughout 2012 and beyond. All encouraging stuff, says reed.co.uk, but how will the budget announcements affect short-term job growth across industry sectors in the UK?

Firstly, the Chancellor announced that over one million more jobs would be created in the UK over the next five years. (This projection was based upon the Independent Office for Budget Responsibility's economic forecast, which estimated sustained growth over the next four years.) Yet it was Mr Osborne's commitment to small business growth and infrastructural re-development, which reed.co.uk believes could consequently boost the amount of job opportunities created in 2012.

The job site believes thousands of manufacturing, engineering and energy jobs could become available across the UK, after the chancellor supported planned infrastructural projects in the North-west of England; 'major changes' in tax packages to boost oil and gas exploration in the North Sea, and an overall reduction in corporation tax (by 1 percent to 24% from next month) to aid small business growth.

It's hoped planned upgrades to the TransPennine rail service will yield jobs in Manchester, Sheffield and the surrounding area, after Network Rail were given the green light to upgrade several rail routes in the North-west of England.

However reed.co.uk believe the most encouraging announcements concerned the government's commitment to business development and growth, with a plan to cut corporation tax by 1% next month and to invest a further £270m in to the Growth Places fund, which aims to boost economic growth and create further job opportunities in local areas.  

"We hope the government's plan to invest an extra £270m into local economic growth will create thousands of job opportunities right across the UK,"  said a spokesperson for reed.co.uk. "However, the cut in corporation tax will not only continue to support reported business development, especially for those in the Manufacturing and engineering sectors which have been creating more job opportunities in recent months; but also includes measures to review the tax system to aid smaller businesses."



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Friday, April 27, 2012

Europe Could Receive Renewable Energy From Iceland via Submarine Cable - msnbc.com

REYKJAVIK, ICELAND — The Icelandic energy provider, Landsvirkjun, one of Europe's leading renewable energy companies, may help supply Continental Europe with renewable energy via a North Atlantic submarine power cable.

Iceland currently holds a unique position amongst European nations in its potential to increase reliable electric energy production from renewable energy resources. This increased energy production could be used to conduct business through an interconnector -- a submarine cable to Europe across the North Atlantic seabed.

Hörður Arnarson, CEO of Landsvirkjun, stated, "Providing sustainable energy to Europe through a submarine power cable offers an interesting business opportunity for the nation of Iceland and at the same time presents a partial solution to Europe where they are looking for an increased supply of renewable energy. Numerous countries in Europe have already expressed interest in the possibility to connect with Iceland's clean energy resources."

Laying a submarine cable will be a well suited addition to the ongoing industrial development of the country. Arnarson went on to emphasise that Landsvirkjun will continue to support further growth of its current customers, as well as new greenfield Data Centers and industrial customers.

Landsvirkjun proposed additional analysis and research over the next few years into the potential impact on social, environmental, legal, and technical issues which will be undertaken in cooperation with interested parties including the Icelandic authorities, universities, interest groups, and energy and transmission companies.

Oddný Harðardóttir, the Icelandic Minister of Finance, announced that a working group will be appointed to research the feasibility of laying a submarine cable between Iceland and the British Isles and or mainland Europe.

Visit www.landsvirkjun.com to learn more about renewable energy in Iceland.

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Wednesday, March 14, 2012

East Anglia: Energy supply chain could be worth £271bn to region’s economy

EEEGR chief executive John Best EEEGR chief executive John Best

By Duncan Brodie, EADT Business Editor
Friday, March 9, 2012
3:49 PM

BUSINESS opportunities worth more than £271billion for the energy supply chain in East Anglia have been mapped out in a new report commissioned by the Norfolk and Suffolk Energy Alliance.

The report highlights “enormous” benefits ahead for the region, with the potential to create thousands of new jobs and secure many more within the low carbon sector which is said already to employ around 19,000 people at 1,100 companies across the two counties.

It outlines the current energy generation mix and future energy opportunities, and assesses the capability of businesses to realise the economic benefits on offer.

With renewables, natural gas and nuclear power all set to continue to play a major role, it says Suffolk and Norfolk have a strong platform on which to build.

But the report adds that greater levels of support and guidance are essential, so that companies are aware of emerging opportunities in the energy sector and know how to access them.

The Norfolk and Suffolk Energy Alliance is a public and private sector coalition which includes Suffolk and Norfolk county councils, Suffolk Coastal, Waveney and Great Yarmouth district/borough councils, Suffolk and Norfolk chambers of commerce, the East of England Energy Group (EEEGR) and the New Anglia Local Enterprise Partnership.

Judy Terry, portfolio holder for Greenest County, Economy and Skills at Suffolk County Council, said: “The energy industry in our two counties offers such significant opportunities for businesses.

“We are already positioning Norfolk and Suffolk as key drivers for the UK’s green economy building on the area’s rich history in nuclear and offshore operations, innovation and technology, coupled with world class credentials in automotive design, engineering and manufacturing which give us a unique offering.”

John Best, chief executive of EEEGR, added “Nowhere in the UK has a broader energy mix or provides as much business potential as Norfolk and Suffolk.

“The area’s offshore gas industry is still growing after 50 years and the region sits at the heart of the world’s largest market for offshore wind. Nuclear power facilities are being decommissioned and a new site at Sizewell is planned for development.

“With a growing bio-fuels market and plans for the storage of gas and captured carbon in the Southern North Sea, the area has an energy business worth billions.”

The report identifies that limited levels of manufacturing and engineering capability in terms of key component manufacture and construction is a key weakness of the UK supply chain across the energy industry and its sub-sectors.

However, it says that the Enterprise Zone for Great Yarmouth and Lowestoft can play a key role in stimulating investment in new facilities and business growth to meet this challenge

And the report says this is further enhanced by the announcement in December that the two towns are one of only five Centres of Offshore Renewable Engineering, ensuring support from Government to attract key engineering manufacturing businesses to setup and locate in the area.

Chris Starkie, programme director at the New Anglia LEP, said: “Given our close proximity to the offshore energy markets, and the breadth of experience within our business community, it’s no surprise that energy is one of our two top priorities for economic growth, along with the tourism sectors.

“With more than £271 billion pounds worth of new business prospects across the UK, of which £30bn is projects within Norfolk and Suffolk over the next 10 years, there are significant opportunities that we must ensure we are ready to deliver on.”


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Saturday, March 10, 2012

East Anglia: Energy supply chain could be worth £271bn to region’s economy

EEEGR chief executive John Best EEEGR chief executive John Best

By Duncan Brodie, EADT Business Editor
Friday, March 9, 2012
3:49 PM

BUSINESS opportunities worth more than £271billion for the energy supply chain in East Anglia have been mapped out in a new report commissioned by the Norfolk and Suffolk Energy Alliance.

The report highlights “enormous” benefits ahead for the region, with the potential to create thousands of new jobs and secure many more within the low carbon sector which is said already to employ around 19,000 people at 1,100 companies across the two counties.

It outlines the current energy generation mix and future energy opportunities, and assesses the capability of businesses to realise the economic benefits on offer.

With renewables, natural gas and nuclear power all set to continue to play a major role, it says Suffolk and Norfolk have a strong platform on which to build.

But the report adds that greater levels of support and guidance are essential, so that companies are aware of emerging opportunities in the energy sector and know how to access them.

The Norfolk and Suffolk Energy Alliance is a public and private sector coalition which includes Suffolk and Norfolk county councils, Suffolk Coastal, Waveney and Great Yarmouth district/borough councils, Suffolk and Norfolk chambers of commerce, the East of England Energy Group (EEEGR) and the New Anglia Local Enterprise Partnership.

Judy Terry, portfolio holder for Greenest County, Economy and Skills at Suffolk County Council, said: “The energy industry in our two counties offers such significant opportunities for businesses.

“We are already positioning Norfolk and Suffolk as key drivers for the UK’s green economy building on the area’s rich history in nuclear and offshore operations, innovation and technology, coupled with world class credentials in automotive design, engineering and manufacturing which give us a unique offering.”

John Best, chief executive of EEEGR, added “Nowhere in the UK has a broader energy mix or provides as much business potential as Norfolk and Suffolk.

“The area’s offshore gas industry is still growing after 50 years and the region sits at the heart of the world’s largest market for offshore wind. Nuclear power facilities are being decommissioned and a new site at Sizewell is planned for development.

“With a growing bio-fuels market and plans for the storage of gas and captured carbon in the Southern North Sea, the area has an energy business worth billions.”

The report identifies that limited levels of manufacturing and engineering capability in terms of key component manufacture and construction is a key weakness of the UK supply chain across the energy industry and its sub-sectors.

However, it says that the Enterprise Zone for Great Yarmouth and Lowestoft can play a key role in stimulating investment in new facilities and business growth to meet this challenge

And the report says this is further enhanced by the announcement in December that the two towns are one of only five Centres of Offshore Renewable Engineering, ensuring support from Government to attract key engineering manufacturing businesses to setup and locate in the area.

Chris Starkie, programme director at the New Anglia LEP, said: “Given our close proximity to the offshore energy markets, and the breadth of experience within our business community, it’s no surprise that energy is one of our two top priorities for economic growth, along with the tourism sectors.

“With more than £271 billion pounds worth of new business prospects across the UK, of which £30bn is projects within Norfolk and Suffolk over the next 10 years, there are significant opportunities that we must ensure we are ready to deliver on.”


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Tuesday, February 28, 2012

Proposed Corporate Tax Cut Could Mean More Business For Small Firms - msnbc.com

FORT WAYNE, Ind. (Indiana's NewsCenter) -- The corporate tax cut proposed by President Obama last week could mean more business opportunities for small firms across the country.

The proposed tax cut, which takes the tax rate from 35% to 28%, is aimed at more job creation and keeping jobs from leaving the country.

One University of Saint Francis professor says those cuts could benefit businesses of all sizes.

University of Saint Francis Professor Doug Meador, Ph.D. says, “Mega-corporations pick up their buying. Some of that is going to purchased from the very small corporations.”

Meador says small business will have a tougher time getting tax shelter however.


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Saturday, February 25, 2012

Euro Debt Crisis Could Cripple U.S. Business Travel

The economic climate abroad has potentially severe ramifications to U.S. business travel as owners lose interest in European business opportunities.

Shutterstock

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According to a new report by the Global Business Travel Association Foundation (GBTA), if the European debt crisis deteriorates any further it could have a significantly damaging impact on U.S. business travel, which in turn could greatly impede the economic recovery in the States that’s just now seeing progress.

The U.S. business travel industry has seen considerable gains over the past three years, which Michael W. McCormick, executive director and COO of the GBTA, attributes to the growth of outbound international travel. Last year alone saw business travel spending up 7.6 percent to $251.9 billion.

However, the current economic condition in Europe could cause business travel from the U.S. to Europe to pull back, resulting in a possible slump for top-line growth that's been fueled by "putting people on the road to find new business opportunities." Not to mention the Euro slid to a one-month low earlier this week after Moody's Investors Service put several European financial firms up for review, spelling bad news for the European banking system, as well as outbound international travel.

“There’s a strong correlation between business travel growth as a leading indicator for the overall health of the economy and for employment figures here in the U.S.,” McCormick says. “If there’s not a speedy resolution to the European debt crisis, then what we could see is a domino effect that could reach across the waters and start to have a deep effect on the economy in the U.S.”

How deep of an effect? The GBTA’s report paints three possible scenarios:

Baseline/Current Scenario: The situation in Europe reaches a point of moderate stability, with continued growth in U.S. business travel reaching $263.5 and $277.3 billion in 2012 and 2013, respectively.Moderate Scenario: A drawn-out crisis causes business travel to plateau and eventually decline by $40 billion or 7 percent between 2012 and 2013.Severe Scenario: Far-reaching defaults, bank failures, and possibly a dissolved European Union would cause a sharp plummet in business travel spending by as much as $88 billion or 16 percent between 2012 and 2013.

With the frangible European crisis far from being resolved, McCormick fears a “very concerning environment” is on the immediate horizon. “Right now we’re seeing a 25 percent chance of moving to a moderate scenario and a 10 percent chance of moving to a more severe scenario–those are, unfortunately, very significant odds,” he says.

Despite the ubiquitous headlines that depict a less than favorable view of the crisis abroad, not everyone in the business travel industry is worried just yet. “Clearly clients are concerned with what trends might exist and what might be happening with the European crisis, but we haven’t had anyone say they want to modify their travel program in any way,” says Brian Hace, vice president of client service for business travel management company Carlson Wagonlit Travel. “There are still enough unknowns about the European crisis that there isn’t an immediate need to react.”

Should the GBTA’s predictions become a reality, Hace goes on to cite previous setbacks in the business travel industry, such as the Sept. 11 attacks and the 2010 volcanic ash eruptions in Iceland, as prime examples of how the system has been able to calibrate itself even in moments of crisis. “I think as an industry we have an infrastructure of people and talent to address whatever the need might be on behalf our client, whether it’s an immediate security situation or a more long-term economic situation,” he says.

Although the GBTA’s findings do indeed portray quite the extreme worst-case scenario, McCormick’s urge for business owners and travel agents to err on the side of caution is justifiable given the volatile economic climate in Europe. He says, “We certainly don’t want to be the bearer of bad news, but it's one of the those situations now where we have to watch it very closely because it could have a very dramatic impact on business travel and business in general.”

KC Ifeanyi is a freelance contributor for Inc.com and Fast Co.Create and has worked as writer, editor, and social media manager for Fortune Small Business, Time, Inc. Content Solutions, and Howcast. He lives in Brooklyn. @kcifeanyi


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Saturday, February 18, 2012

Euro Debt Crisis Could Cripple U.S. Business Travel

The economic climate abroad has potentially severe ramifications to U.S. business travel as owners lose interest in European business opportunities.

Shutterstock

posinitiator();resizeFrame();

According to a new report by the Global Business Travel Association Foundation (GBTA), if the European debt crisis deteriorates any further it could have a significantly damaging impact on U.S. business travel, which in turn could greatly impede the economic recovery in the States that’s just now seeing progress.

The U.S. business travel industry has seen considerable gains over the past three years, which Michael W. McCormick, executive director and COO of the GBTA, attributes to the growth of outbound international travel. Last year alone saw business travel spending up 7.6 percent to $251.9 billion.

However, the current economic condition in Europe could cause business travel from the U.S. to Europe to pull back, resulting in a possible slump for top-line growth that's been fueled by "putting people on the road to find new business opportunities." Not to mention the Euro slid to a one-month low earlier this week after Moody's Investors Service put several European financial firms up for review, spelling bad news for the European banking system, as well as outbound international travel.

“There’s a strong correlation between business travel growth as a leading indicator for the overall health of the economy and for employment figures here in the U.S.,” McCormick says. “If there’s not a speedy resolution to the European debt crisis, then what we could see is a domino effect that could reach across the waters and start to have a deep effect on the economy in the U.S.”

How deep of an effect? The GBTA’s report paints three possible scenarios:

Baseline/Current Scenario: The situation in Europe reaches a point of moderate stability, with continued growth in U.S. business travel reaching $263.5 and $277.3 billion in 2012 and 2013, respectively.Moderate Scenario: A drawn-out crisis causes business travel to plateau and eventually decline by $40 billion or 7 percent between 2012 and 2013.Severe Scenario: Far-reaching defaults, bank failures, and possibly a dissolved European Union would cause a sharp plummet in business travel spending by as much as $88 billion or 16 percent between 2012 and 2013.

With the frangible European crisis far from being resolved, McCormick fears a “very concerning environment” is on the immediate horizon. “Right now we’re seeing a 25 percent chance of moving to a moderate scenario and a 10 percent chance of moving to a more severe scenario–those are, unfortunately, very significant odds,” he says.

Despite the ubiquitous headlines that depict a less than favorable view of the crisis abroad, not everyone in the business travel industry is worried just yet. “Clearly clients are concerned with what trends might exist and what might be happening with the European crisis, but we haven’t had anyone say they want to modify their travel program in any way,” says Brian Hace, vice president of client service for business travel management company Carlson Wagonlit Travel. “There are still enough unknowns about the European crisis that there isn’t an immediate need to react.”

Should the GBTA’s predictions become a reality, Hace goes on to cite previous setbacks in the business travel industry, such as the Sept. 11 attacks and the 2010 volcanic ash eruptions in Iceland, as prime examples of how the system has been able to calibrate itself even in moments of crisis. “I think as an industry we have an infrastructure of people and talent to address whatever the need might be on behalf our client, whether it’s an immediate security situation or a more long-term economic situation,” he says.

Although the GBTA’s findings do indeed portray quite the extreme worst-case scenario, McCormick’s urge for business owners and travel agents to err on the side of caution is justifiable given the volatile economic climate in Europe. He says, “We certainly don’t want to be the bearer of bad news, but it's one of the those situations now where we have to watch it very closely because it could have a very dramatic impact on business travel and business in general.”

KC Ifeanyi is a freelance contributor for Inc.com and Fast Co.Create and has worked as writer, editor, and social media manager for Fortune Small Business, Time, Inc. Content Solutions, and Howcast. He lives in Brooklyn. @kcifeanyi


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Sunday, January 29, 2012

Pa. tax legislation could attract Shell refinery - CNBC

PITTSBURGH - New legislation in Pennsylvania could help the state compete with Ohio and West Virginia for a huge petrochemical refinery by offering millions of dollars in tax breaks for big businesses.

A bill would expand Keystone Opportunity Zones, which grant broad tax cuts and exemptions to spur economic development, the Pittsburgh Tribune-Review (http://bit.ly/yNHPc3) reported Saturday.

Businesses that invest at least $1 billion and create at least 400 permanent, full-time jobs would get an extra five years of tax breaks — 15 years in all — under provisions in the bill.

The bill is moving toward passage as state officials court Shell Oil Co., the paper reported. Shell plans to spend as much as $4 billion to build a plant known as an "ethane cracker" to process natural gas from the region and turn it into such products as plastics.

Offering a sweetened Keystone Opportunity Zone is probably the best way to compete with Ohio and West Virginia, several former state economic officials told the paper.

West Virginia's Legislature on Wednesday passed Gov. Earl Ray Tomblin's proposal to slash property taxes for 25 years for any business that invests at least $2 billion toward building a cracker in that state. Tomblin signed it into law before heading to Houston on Thursday to promote West Virginia in the cracker chase. Ohio is also believed to be offering major incentives.

The Opportunity Zones have "been the most powerful tool we have had in competing for business," said state Sen. John Blake, D-Scranton, a co-sponsor of the bill and former acting secretary of the Department of Community and Economic Development. "The benefits of the KOZ are powerful enough that they'll drive a business decision."

The legislation awaits a vote by the House Appropriations Committee, and leaders plan to bring it up when they resume work next month, said House Republican spokesman Stephen Miskin.

Industry estimates suggest the ethane cracker would generate thousands of construction jobs and attract many smaller manufacturers to the region.

Shell officials have said they plan to announce their site choice in the next month or two.

___

Information from: Pittsburgh Tribune-Review, http://pghtrib.com

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Sunday, January 8, 2012

Momentis Energy - Could Momentis Turn Your Life Around

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Momentis Energy - Could Momentis Turn Your Life Around

Momentis Energy at http://www.joinwith.mymomentis.biz/

Momentis and How to Market your Business Online is by working with your Team of Leaders that will be there to help you grow your Momentis Business online. Momentis is the marketing division for Just Energy, the largest energy provider in North America. Momentis is a company that is providing an economic opportunity with the deregulation of energy.

At Momentis we offer a buffet of home and business essential service that people are spending money on every month. We have Momentis TV, Momentis Energy, Momentis 4G Internet Service, and we also have just add Momentis Digital, Momentis Mobile and there are more coming soon.

If your looking for the best and fastest ways to MAX out the Comp Plan? The new Reps will get all the training and support that you would need to market your business online and offline. We offer everyone the Internet Marketing Training to take your Momentis Business to the next level !

Call Mike With Any Questions - (781) 964-4391

Or

http:wwwJoinWith.MyMomentis.Biz

http://www.youtube.com/watch?v=wve6pHy6wkk

Momentis Energy


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