Marion County sees surge in economic development, bringing hundreds of new jobs

MARION COUNTY, S.C. (WMBF) – This summer, it was announced the Beneteau facility in Marion would close after 33 years in operation.



a sign on the side of the road: Marion economic leaders believes new industry and expansion will positively impact the community


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Marion economic leaders believes new industry and expansion will positively impact the community

As one door closed, residents didn’t have to wait long for another door to open as a new company, Leisure Pools, announced it would be taking over the Beneteau site.

The good news didn’t end there. In recent weeks, two companies already present in Marion County, DMA Holdings and Maxwood Furniture, announced they’d each be building new facilities in the county.

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Dr. Julie Norman, Executive Director of the Marion County Economic Development Commission, said it’s unheard of to see so many of these announcements in such a short time period.

Norman said these companies will have a major economic impact on the area.

“These projects are

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Thin and ultra-fast photodetector sees the full spectrum

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IMAGE: Close-up photo of the photodetectors.
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Credit: RMIT University

Researchers have developed the world’s first photodetector that can see all shades of light, in a prototype device that radically shrinks one of the most fundamental elements of modern technology.

Photodetectors work by converting information carried by light into an electrical signal and are used in a wide range of technologies, from gaming consoles to fibre optic communication, medical imaging and motion detectors.
Currently photodetectors are unable to sense more than one colour in the one device.

This means they have remained bigger and slower than other technologies, like the silicon chip, that they integrate with.

The new hyper-efficient broadband photodetector developed by researchers at RMIT University is at least 1,000 times thinner than the smallest commercially available photodetector device.

In a significant leap for the technology, the prototype device can also see all shades of light between

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ExxonMobil Expands Agreement with Global Thermostat, Sees Promise in Direct Air Capture Technology

  • Joint development effort advances breakthrough technology and ways to bring it to scale

  • Technology removes carbon dioxide from the atmosphere

  • Direct air capture technology recognized as an important tool to achieve negative emissions

ExxonMobil and Global Thermostat have expanded their joint development agreement following 12 months of technical evaluation to determine the feasibility and potential scalability of Global Thermostat’s technology that captures carbon dioxide (CO2) directly from the air.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005247/en/

“ExxonMobil’s scientists continue to research technology options aimed at reducing emissions at scale, which are key to achieving the goals of the Paris Agreement,” said Vijay Swarup, vice president of research and development for ExxonMobil Research and Engineering Company. “Our work with Global Thermostat has shown promising signs in the development of direct air capture technologies that could be brought to scale. We look forward to seeing how

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Fed Sees Rates Near Zero Through 2023 to Boost Jobs, Prices

(Bloomberg) — Federal Reserve officials held interest rates near zero and signaled they would stay there for at least three years, vowing to delay tightening until the U.S. gets back to maximum employment and 2% inflation.

The U.S. central bank “expects to maintain an accommodative stance” until those outcomes are achieved, it said in a statement Wednesday following a two-day meeting that beefed up its description of future policy.

The fresh guidance is the Fed’s first step in an evolving communication strategy, after it unveiled a new long-term policy framework last month to allow inflation to overshoot its 2% target after periods of under-performance.



a screenshot of a video game: The Fed's New Dot Plot


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The Fed’s New Dot Plot

Announced by Chair Jerome Powell at the Fed’s Jackson Hole conference, officials expect to refine their approach to economic projections later this year and they may also reach consensus on how to talk about their balance sheet.

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50,000 jobs in London’s retail sector at risk as coronavirus pandemic sees drop in overseas visitors



a group of people walking down a street in front of a store


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Tory MP Nickie Aiken has warned that as many as 50,0000 jobs could be lost in London’s West End due to the lack of visitors.

The MP for Westminster said the loss of international visitors had majorly impacted London’s economy.

Aiken said: “Almost half of the £10 billion annual spend in the West End is from overseas travellers and then the lack of office workers who have not been back at their desks since March, that has a huge effect on the overall turnover of West End shops and hospitality.

“Between about 70-80% – you’re basically looking at about 50,000 job losses retail job losses in West End retail alone.”

Aiken added that she suspected a “huge fall off in confidence” regarding the perceived safety of public transport was partly behind the drop in shoppers.

She continued: “We’ve got to get that back, we’ve got

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