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The Number of Jobs the Inflation Reduction Act Could Create in Mississippi | Mississippi

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www.thecentersquare.com – By Samuel Stebbins, 24/7 Wall St. via The Center Square – 2023-07-27 09:09:29

After narrowly passing through a Democratically controlled Congress along party lines, President Joe Biden signed the Inflation Reduction Act into law on Aug. 16, 2022. The law allocates $500 billion in new spending. While it may marginally reduce inflation over the long term, its largest impact will likely be on the U.S. energy grid, as most of the money in it is slated for clean energy initiatives.

Through a range of federal subsidies, including rebates, loans, and tax credits, the IRA provides incentives to households, businesses, and state and local governments to invest in clean energy while moving away from fossil fuels. With nearly $370 billion in clean energy funding, the act marks the most significant action the U.S. has ever taken toward addressing climate change.

Not only could the IRA result in a 40% to 50% reduction in America’s greenhouse gas emissions, as Democrats in Washington have argued, but it could also be a boon for the job market — particularly in hard-hit sectors, like manufacturing. According to the independent, nonprofit clean energy advocacy group, Rocky Mountain Institute, the IRA could create over 1.3 million new jobs in 2030 alone.

Based on data from the Rocky Mountain Institute, Biden’s Inflation Reduction Act could create as many as 9,628 jobs in Mississippi in 2030 — or one job for every 307 people, the second fewest among the 48 contiguous states.

As of 2022, 49,142 Mississippi residents were unemployed, according to the Bureau of Labor Statistics. Based on these most recent annual unemployment figures, the number of potential new jobs the IRA could bring in 2030 would reduce joblessness by 19.6% in the state.

All data on the number of potential new jobs created by the IRA in 2030 is from the Rocky Mountain Institute’s report, The Economic Tides Just Turned for States. Alaska and Hawaii were not included in this analysis.

 

Rank State Num. of state residents per job created by the IRA in 2030 Potential new jobs created by the IRA in 2030 New jobs in 2030 as pct. of 2022 unemployed pop. (%)
1 Utah 251.3 13,423 33.2
2 Idaho 253.9 7,457 29.5
3 Texas 257.5 116,280 20.4
4 North Dakota 257.7 3,106 35.6
5 Nevada 260.0 12,251 14.6
6 Colorado 260.4 22,742 23.4
7 Washington 261.0 30,273 18.0
8 Florida 261.1 84,592 27.0
9 Arizona 268.4 27,209 19.7
10 South Carolina 271.9 19,187 24.9
11 Oregon 272.1 15,873 17.5
12 Georgia 272.2 40,112 25.2
13 Delaware 273.1 3,692 16.5
14 Montana 275.1 4,011 26.8
15 North Carolina 275.4 38,568 20.5
16 South Dakota 277.1 3,252 33.1
17 Tennessee 277.1 25,348 22.3
18 Virginia 280.2 31,255 24.6
19 Minnesota 281.1 20,588 24.9
20 Nebraska 281.7 7,060 28.4
21 Massachusetts 281.8 25,290 18.0
22 Maryland 282.9 22,117 21.5
23 California 285.7 140,005 17.3
24 New Jersey 287.2 32,689 18.6
25 Oklahoma 287.6 13,914 24.4
26 Alabama 288.9 17,557 29.6
27 Iowa 290.2 11,092 23.6
28 Indiana 290.5 23,568 23.1
29 New Hampshire 290.5 4,784 24.7
30 Rhode Island 291.8 3,792 20.8
31 New York 291.8 69,790 17.0
32 Kentucky 293.2 15,482 19.4
33 Wisconsin 293.9 20,196 22.4
34 Arkansas 295.1 10,271 22.6
35 Kansas 296.1 9,978 24.9
36 New Mexico 296.6 7,179 18.8
37 Missouri 296.8 20,848 27.1
38 Vermont 296.8 2,178 24.1
39 Louisiana 296.9 15,771 20.7
40 Maine 297.6 4,601 23.1
41 Pennsylvania 298.2 43,801 15.5
42 Wyoming 298.3 1,943 18.7
43 Ohio 298.5 39,702 17.2
44 Michigan 299.6 33,761 16.6
45 Connecticut 303.4 11,904 14.8
46 Illinois 307.2 41,694 14.1
47 Mississippi 307.4 9,628 19.6
48 West Virginia 318.9 5,587 18.2

 

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News from the South - Oklahoma News Feed

Senators propose bill to curb drug smuggling at southern border | Arizona

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www.thecentersquare.com – By Liam Hibbert | The Center Square contributor – (The Center Square – ) 2025-02-21 18:45:00

(The Center Square) – A bipartisan group of U.S. senators has introduced a bill to use image technicians to ebb the flow of drugs smuggled into the United States from the southern border. 

The Border Enforcement, Security and Trade Facilitation Act of 2025 comes amid increased conversation around border security in President Donald Trump’s second term, and in response to high-profile drug busts on the southern border. It would create technician jobs in border security for five years, but with no clear plan for the future.

The bill is sponsored by U.S. Sens. Mark Kelly, D-Arizona; James Lankford, R-Oklahoma, and John Cornyn, R-Texas.

“Customs and Border Protection needs more trained personnel to stop illegal drugs, weapons and human smuggling from entering our country,” Kelly said in a statement this week. “By adding image technicians to identify threats at ports of entry, we’re giving law enforcement another essential tool to secure the border while keeping trade flowing.”

It is unclear exactly what impact the technology would have on smuggling of drugs or other illicit goods. The bill also left out the program’s cost. Kelly’s press office did not respond to a request for comment from The Center Square on either of these issues. 

Nearly 1,000 pounds of fentanyl – the drug that has become the center point of the substance abuse issue in the U.S. in recent years – was seized along the southwestern border in January 2025. It was the month’s lowest tally since 2022.

“Adding more personnel at ports of entry will immediately provide our country with another layer of security to prevent traffickers from smuggling weapons or drugs across the border,” said Lankford. “Border law enforcement has repeatedly asked for more support to analyze cargo images in real time, so this bill also gives them tools they need to catch criminals and secure our border.”

The program would run for five years, starting from when the bill is passed. No details have yet come out about next steps for the program or the image technicians it would employ. 

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News from the South - North Carolina News Feed

Voluntary retirement plans healthy, among nation’s largest, lowest cost | North Carolina

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www.thecentersquare.com – By David Beasley | The Center Square contributor – (The Center Square – ) 2025-02-20 18:01:00

(The Center Square) – While the pension plan for North Carolina state employees remains underfunded, the same can’t be said for a separate, voluntary 401(k) style programs for public employees, according to a report Thursday.

There are 294,625 employees enrolled in NC 401(k) Plan, and another 57,413 in the NC 457 Plan. Both plans are designed to supplement public pensions. State Treasurer Brad Briner chairs the board that oversees the two programs.

Briner has expressed concern that the state’s pension plans are underfunded by about $16 billion and rank near the bottom nationally in investment performance.

However, the 401(k) and 457 programs are “among the largest and lowest-cost public plans in the country,” the treasurer’s office said in a release.

The 401(k) plan allow public employees to make contributions with pretax payroll deductions. The 457 plan, also through payroll deductions, is a deferred compensation program.

Michael McCann, managing director of Empower, which manages the North Carolina plans, provided an upbeat report to the state’s Supplemental Retirement Board of Trustees.

“From a plan health perspective, everything is looking really good in terms of the trend line,” McCann told the board. “Average participant balances are continuing to increase. The active participation rate is above its historical norm. The active average employee deferral continues to set higher and higher trends in terms of what participants are contributing.”

Even with an aging population and increased retirements, the plans continue to grow, McCann added.

“We’re also replenishing that population, where total unique participant balances continue to increase,” he said. “Last year, was our second best year ever, beating 2023 in terms of total enrollment.”

Another sign of stability of the plans is loan activity – participants borrowing from their accounts – remained consistent in 2024, despite the heavy damage from Hurricane Helene in the western part of the state.

About 2,000 plan participants did take advantage of the Qualified Disaster Relief distributions that were approved by the board last fall. Participants who lived in the disaster areas were allowed to withdraw up to $22,000 without penalties, and can later recontribute some or all of the amounts withdrawn if they choose.

A waiver extension of the board’s administrative fee for 12 months was approved unanimously. A release says the action will save participants $1.7 million over the next year.

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News from the South - Tennessee News Feed

Grant program for artificial intelligence weapons detection in schools proposed | Tennessee

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www.thecentersquare.com – By Kim Jarrett | The Center Square – (The Center Square – ) 2025-02-20 15:17:00

(The Center Square) – The Tennessee Senate will consider legislation that establishes a pilot program for an artificial intelligence weapons detection system.

One of the grant requirements is a loss of life on campus due to gun violence during the 2024-25 school year, which makes Metro Nashville Public Schools the only system eligible, said Sen. Todd Gardenhire, R- Chattanooga, the bill’s sponsor.

A 17-year-old student at Antioch High School killed one student before committing suicide with a gun in January. Another student was injured.

Metro Nashville Public Schools is implementing the Evolv weapons detection system in its schools.

“The system uses low-frequency radio waves and AI technology to scan individuals as they walk through,” the school system said on its website. “If an item is flagged, school staff will conduct a quick secondary check, making the process faster and less invasive than traditional metal detectors.”

The artificial intelligence system can differentiate between other metals such as cellphones and keys and weapons, the school system said.

Antioch High School began testing the technology just days after the shooting.

The Metropolitan Nashville Board of Public Education approved $1.25 million to place the system in all high schools.

The pilot program begins with the 2025-26 school year. The cost to the state for the start of the grant program is $17,000, but the amount of grant funding is unknown, according to the bill’s fiscal note.

The Senate Education Committee approved the bill unanimously on Wednesday. The full Senate will consider it on Monday.

A companion bill in the House of Representatives sponsored by Rep. Antonio Parkinson, D- Memphis, is assigned to the House Education Administration Subcommittee.

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