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Display, packaging firms merge, get incentives for staying in Kannapolis
A Charlotte company and a Kannapolis company are merging and moving most of its operations into a larger building in Cabarrus County. In the process, the new company will bring 20 jobs to Kannapolis as it spends $2.75 million to combine the firms. The new staff members will be added over the coming three years to a current staff of 42 full- and part-time employees. Charlotte Business Journal
Submitted 1 minute ago

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How big is Koch Industries’ impact in Georgia?
Are you apt to vilify Koch Industries Inc. due to politics? You may change your mind when you learn about the impact the company has in the Peach State. Georgia is the No. 2 state in the maligned -- mostly by the politically left-- company’s geographic footprint in terms of jobs and salary. Atlanta Business Chronicle
Submitted 3 minutes ago

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Here's why ADP chose Central Florida for major expansion
Payroll-processing giant ADP is bringing at least 1,600 new jobs to the region as professional-services job growth jumps across the state. The big hiring plan comes on the heels of similar large expansions locally for firms Deloitte and Verizon, both of which opened new facilities with more than 1,000 employees each in the past two years. Orlando Sentinel
Submitted 4 minutes ago

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Why Texas-Mexico Trade Corridors Keep on Trucking
DALLAS – Uncertainty over the future of the North American Free Trade Agreement has not stopped Texas from continuing to invest in freight routes across the Rio Grande, including two corridors seen as competitors for the Panama Canal. Bondbuyer.com
Submitted 8 minutes ago

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Eurotranciatura USA To Expand Paris, Tn. Operations
Eurotranciatura USA officials announced Tuesday the manufacturer is investing $12.6 million to expand its operations in Paris, Tn. over the next five years. Eurotranciatura, a subsidiary of the world’s largest steel lamination company for electrical rotating machines, will create more than 170 new jobs as part of the expansion. Chattanoogan.com
Submitted 9 minutes ago

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Research underway for SA to Austin 'bullet train' with 15-minute commute
SAN ANTONIO -- San Antonio to Austin in 15 minutes? A local company says it can be done using a bullet train going up to 600 miles an hour, costing you less than $10 a ride. Khou.com
Submitted 13 minutes ago

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CSX to host informational meetings on new rail hub
Anyone interested or concerned about the new CSX trains-to-trucks terminal coming to Rocky Mount is invited by the railroad company to a pair of open houses this week. The public will be able to talk directly with railroad representatives and ask questions about the terminal during the events scheduled from 6-8 p.m. Wednesday in the Edgecombe County Administrative Building Auditorium on Saint Andrew Street in downtown Tarboro and from 6-8 p.m. Thursday in the Brown Auditorium at Nash Community College. Rocky Mount Telegram
Submitted 18 minutes ago

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Amtrak talks come to Alabama where one crucial city is without a station
The ongoing talks about restoring Amtrak service along the Gulf Coast will make their way this week to the largest city along the rail line without a train station: Mobile. But before a federally formed working group meets Thursday to discuss a return of the trains to the region, the Mobile City Council is scheduled to vote Tuesday on a resolution to cheer Amtrak on. AL.com
Submitted 23 minutes ago

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Slim Chickens Continues Expansion in the Lone Star State, Brings Better Chicken, Jobs to Plano
Fayetteville, AR --Slim Chickens, a leader in the “better chicken” segment of fast-casual restaurants, will be bringing fresh chicken tenders and wings with unrivaled flavor to Plano, Texas. Restaurant development and operations veterans Courtney Lindley and Bob Gregg have assembled a team to develop 15 locations within the next eight years across North Texas. Restaurantnewsrelease.com
Submitted 28 minutes ago

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Specialty food retailer buys new Virginia headquarters site for $1.85 million
Taste, a specialty food retailer, paid $1.85 million for its recently announced new corporate headquarters in Virginia Beach. The commercial real estate firm Cushman & Wakefield | Thalhimer said Taste is acquiring the Bayside Commerce Center in Airport Industrial Park at 1391 Air Rail Avenue. Virginiabusiness.com
Submitted 33 minutes ago

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Features & Opinion

 Randle Report - Business News in the South

For those who still languish over "losing to China" or believe that the economy is still in recession, wake up and smell the data. Economic development in the South was about as good as it gets in calendar year 2015 according to the data. And as for China, borrowing a quote from the late football coach Bear Bryant that he made in the half-time locker room down 15-0 to Georgia Tech in 1960, "We got 'em right where we want 'em." For those of you who don't know the rich history of Alabama Crimson Tide football, Bama scored all of its 16 points in the fourth quarter, kicking a field goal on the last play of the game to beat Tech 16-15.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
Today, factories in the U.S. make twice as much product as they did in 1984. And they are doing it with one-third of the manufacturing workforce. In fact, the output of durable goods in 2015 was the highest in the nation's history. So, we do have a strong manufacturing base, at least in the South, much of the Midwest and parts of the West, and it is getting stronger because on a cost-basis, we can compete with any major manufacturing nation in the world.  
 

 Randle Report - Business News in the South

FEATURE     
The argument for or against a minimum wage hike continues between the reds and the blues, as well as within the economic development community in the South. Should we stay the course with a minimum wage under $8 an hour to better compete with Mexico, the South's biggest competitor for jobs, or set a minimum wage just over $10 an hour, a wage floor most centrists support? That $10 per hour is, according to the MIT Living Wage Calculator, about right in most states in the South for one adult to be able to cover basic expenses plus all relevant taxes.
 
 Randle Report - Business News in the South
Recent data from the Computing Technology Industry Association (Comp TIA) showed that the technology industry is one of the fastest growing job generators in the South and the nation. The report also indicated that technology job compensation is growing faster than any other sector.
 


 

 

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