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OUT to LUNCH
The Randle Report is breaking for lunch and making way for a new editor shift. Click on the headline above to access Southern Business & Development's Web site for more detailed information on economic development in the South. Posts will resume at 1:30 pm CDT.
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Is Dramatic Increase in Number of Jailed Americans a Warped Version of Job Creation?
One of Republicans’ favorite refrains is that “government doesn’t create jobs.” Well, government incarceration policies, it turns out, do create jobs and they don’t always show up on a jail’s payroll. Allgov.com
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EXCLUSIVE: Coca-Cola Consolidated leases Charlotte building for call center, plans to add jobs
Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE), which is in the midst of an expansion, has leased a 71,280-square-foot industrial building in north Charlotte for its call-center group and plans to relocate 160 employees there this fall and add 140 more workers at the facility over time. Charlotte Business Journal
Submitted 3 minutes ago

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South Carolina Senate votes to banish Confederate flag to museum
South Carolina's Senate passed legislation Tuesday to remove the Confederate battle flag from the state house, where it has flown for five decades despite being viewed by many as a symbol of slavery. A bill to banish the flag from the Capitol grounds to a museum easily passed a third and final vote in the Senate by a 36-3 margin and is now headed for debate in the state's House of Representatives. Reuters
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Raleigh Is Top Spot In The U.S. For Business
The U.S. economic recovery has been an uneven one. Overall, the recent numbers look great. The Bureau of Labor Statistics announced U.S. employers added 288,000 jobs in June. The unemployment rate fell to 6.1%, the lowest it has been since the financial crisis peaked in the fall of 2008. A total of 1.4 million jobs were added in the past six months, which marks the best showing since 2006. The stock market has continued its meteoric rise, with the Dow Jones topping 17,000 for the first time on the news. Forbes
Submitted 14 minutes ago

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Affordable Housing, Always
AUSTIN, Tex.—Not long ago, inner cities were riddled with crime and blight and affluent white residents high-tailed it to the suburbs, seeking better schools, safer streets, and, in some cases, fewer minority neighbors. But today, as affluent white residents return to center cities, people who have lived there for years are finding they can’t afford to stay. The Atlantic
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Virginia Republicans aim to broaden party appeal with ethnically diverse candidates
Chuong Nguyen, the Republican state delegate candidate in Virginia’s 87th District, left his native country of Vietnam in a small fishing boat and found refuge in Malaysia before coming to the United States. His father had been imprisoned in a re-education camp, and his wife’s family was broken up when they were arrested and imprisoned after trying to flee. Washington Times
Submitted 26 minutes ago

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10 states where people drink the most beer
U.S. beer shipments, used to capture consumption levels, fell slightly from 28.3 gallons per drinking-age adult in 2012 to 27.6 gallons in 2013. Despite declining across the U.S., beer consumption remains quite high in some states. According to a recent study from Beer Marketer’s Insights, a brewing-industry trade publisher, residents in the state that drank the most beer consumed 43.6 gallons of beer per drinking-age adult in 2013. Marketwatch.com
Submitted 32 minutes ago

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MPW establishing Georgetown County operations
COLUMBIA, S.C. – MPW Industrial Services, a company that provides a variety of industrial cleaning, water purification, facility management and environmental management services, is building an industrial water regeneration plant in Georgetown County. The company’s $10 million investment is expected to result in 32 new jobs in Andrews, S.C SC Commerce
Submitted 38 minutes ago

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Titan Stainless establishing operations in Chesterfield County
COLUMBIA, S.C. – Titan Stainless, a custom stainless equipment manufacturer, is establishing manufacturing operations in Chesterfield County. The $2.6 million investment is expected to create 50 new jobs in Pageland, S.C. over the next five years. SC Commerce
Submitted 44 minutes ago

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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