October 2021 Posts

Oct
12
2021

Rescue Plan Showers States and Localities with $350 Billion; Tax Cuts or Building Back Better?

In addition to aid like unemployment insurance and business loans, Uncle Sam is disbursing hundreds of billions to help the economy recover from impacts caused by a global pandemic and widespread economic shutdown. The Delta variant has sparked renewed hardships. 

Oct
7
2021

Ford Announces Giant Electric Vehicle Plant in Western Tennessee

On September 27, Ford Motor Company announced plans to invest $5.6 billion at the Memphis Regional Megasite in Stanton, Tennessee, to build an electric vehicle (EV) assembly and battery plant, jointly with SK Innovation. The facility, dubbed “Blue Oval City” by Ford (in a reference to its corporate logo), is projected to employ 5,800 people as Ford makes its first big foray into EV production. The same week, Ford and SK Innovation revealed plans for two more battery plants in Glendale, Kentucky, south of Louisville, at an estimated cost of $5.8 billion.