Walden Asset Management's efforts to have filtration and packaging company Clarcor report in much more detail on its sustainability efforts has failed for the second year in a row — but the firm has picked up some support in the past 12 months. At Clarcor's recent annual shareholders' meeting, 17.4 million shares were cast in favor of Walden's proposal, while 21.1 million shares were cast against the plan. A year ago, those numbers were 14.3 million and 21.5 million, respectively.
The Rutherford County Industrial Development Board approved Monday $18 million in tax incentives for an unnamed company bringing 1,000 jobs to Smyrna.
The Daily News Journal reports that the manufacturing company will invest $100 million and create 1,000 jobs with an average wage of $38,000.
The incentive plan cuts property taxes for the company over a 20-year period and is expected to additionally create 1,672 indirect jobs.
Noranda Aluminum executives this week said they have crafted (with various consumer groups) a new plan to lower the cost of the massive amounts of electricity it uses at its Southeast Missouri manufacturing plant. The Franklin-based company and utility Ameren have been at loggerheads over the cost for years and Noranda last year cut 125 people after a previous rate cut plan was voted down. The new compromise proposal would have Noranda pay $34 per megawatt hour, down from the $41 it is now paying Ameren and up more than 10 percent from the $30 for which it was pushing last summer.
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