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Houston energy hiring far exceeds past two years
The Houston area added about 5,000 energy jobs in June and July, making the period the most active two consecutive months of hiring since the shale boom began. The Houston, Sugar Land and Baytown region has now added about 8,700 energy jobs in 2014 through July, more than 7,700 in 2012 and the 4,700 added in 2013, according to U.S. Department of Labor statistics. The Houston region now counts 115,400 energy jobs, which includes 63,000 in oil and gas and 52,400 in energy support services, according to the data. In comparison, in 2005 at the end of July, there were 65,400 total energy jobs in the region. Houston Business Journal
Submitted 2 minutes ago

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Mexican energy reform means these new jobs in Houston
Mexico's energy reforms that were legally finalized in August will open the country up to much greater oil and gas exploration and new international investments. But, as the nation opens up to private energy exploration for the first time in 75 years, what does it mean for job opportunities for those in the Houston region? There will be lots of job creation and work for those in southern Texas, but it will come in phases and slower than many expect as the new Mexican laws and rules are implemented, said Rich Russo, Korn Ferry (NYSE: KFY) global knowledge manager for the energy, chemicals and process manufacturing practices. Korn/Ferry is an executive recruiting and talent management company with a major presence in Houston and Mexico. Houston Business Journal
Submitted 7 minutes ago

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Texas must invest in infrastructure to support oil boom
Crumbling infrastructure is threatening to slow the oil boom in South Texas and curtail the economic benefits to the region, warns Mark Plummer, CEO and founder of Dallas-based Chestnut Exploration & Production. While the oil boom has brought jobs and increased tax revenues to the area, it has also brought increased usage of the roads and bridges which are essential to the success of these operations. Roads used for transportation to drilling sites are beginning to crumble and deteriorate causing road closures, accidents and delayed production. Oil-and-gas producers are being drawn to the area by the prolific Eagle Ford Shale geologic region. San Antonio Business Journal
Submitted 12 minutes ago

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$130M plant coming to Pine Bluff, Ark.
Pine Bluff, Arkansas, is getting a $130 million plant that will create 35 new jobs. Highland Pellets LLC, which makes wood pellets, is building the facility, which is expected to be operational by March 2016. In addition to the 35 jobs, officials anticipate the plant could create 482 indirect jobs in the Pine Bluff area. Ground will be broken on the facility in October. Highland Pellets’ parent company is based in Boston. “While this plant is the first built under the Highland brand, our colleagues Mike Ferguson and Scott Jacobs bring decades of industry leading experience in the engineering and operating of industrial wood pellet plants,” said Tom Reilley, chairman of Highland Pellets. “Together with Highland’s leadership team, who are veterans of Cargill, Black River, JP Morgan and EnerNOC, we are excited to complete our Pine Bluff facility and expand our footprint.” Memphis Business Journal
Submitted 17 minutes ago

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Corker: Union vote would have killed VW's Chattanooga expansion
U.S. Sen. Bob Corker reiterated his stance Wednesday that Volkswagen would not have expanded its operations in Chattanooga if a UAW election in February had been successful. "What I know for a fact ... the announcement would not have occurred for a lot of reasons," Corker said, according to The Chattanooga Times Free Press. "Plenty of people in Germany understood the impact." Corker in particular cited the state Legislature's opposition to providing incentives for a unionized plant. Leading up to the February vote, which the union lost 712 to 626, Corker said Volkswagen would quickly announce an expansion at the plant if the union was defeated. Nashville Business Journal
Submitted 22 minutes ago

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SpaceX gets 10-year county tax exemption for commercial launch site in Texas
BROWNSVILLE — Cameron County commissioners have agreed to waive 10 years of county taxes as part of an agreement bringing the world’s first commercial site for orbital rocket launches to the southernmost tip of Texas. The county’s governing board Thursday also approved a draft of an economic agreement with Space Exploration Technologies Corp., also known as SpaceX. County Judge Carlos Cascos tells The Brownsville Herald details of the agreement that also includes the Cameron County Spaceport Development Corp. are being withheld until it’s signed by SpaceX. He expects that to happen next week. Dallas Morning News
Submitted 27 minutes ago

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AllianceTexas development still growing 25 years later
When you drive down Interstate 35W north of Fort Worth, it’s easy to see when you’ve arrived at the sprawling AllianceTexas development. Huge concrete warehouses are going up on both sides of the highway just south of Texas Motor Speedway. “There’s 3.5 million square feet under construction in those three buildings — 1 million square feet of it is preleased,” said Mike Berry, president of developer Hillwood Properties. Berry has been working on the project since he was hired by businessman Ross Perot Jr. and started on the day of the groundbreaking in 1988. “It was quite a memorable first day on the job.” Dallas Morning News
Submitted 32 minutes ago

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UPS to open distribution facility at Alliance, add 350 jobs
FORT WORTH — UPS plans to open a large distribution facility at Alliance in far north Fort Worth in November, creating 350 jobs. The Atlanta-based shipping company said Thursday that it has leased a 495,000-square-feet building on 27 acres at 13700 Independence Parkway from Alliance developer Hillwood Properties. The building, formerly used by LG Electronics, is being modified and should be ready in November, the company said. UPS will also open a 215,000-square-foot distribution facility in McKinney at about the same time. That facility will create 120 jobs and primarily serve UPS customers in Collin County. Star-Telegram
Submitted 37 minutes ago

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Bill Clinton's Little Rock library plans 10th anniversary event
The presidential library honoring Bill Clinton in Little Rock, Arkansas, is planning for a major event in November to honor its tenth anniversary, sources familiar with the planning said Thursday. The event is expected to fall on Nov. 14, according to emails circulating among potential attendees. That’s four days before the anniversary of the Nov. 18, 2004, unveiling. It was not immediately clear if the event would be limited to one day. The library is part of a network of Clinton-related projects in Arkansas, where the former president served as governor. There is also a Clinton School of Public Service at the University of Arkansas. Politico
Submitted 42 minutes ago

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Atlanta Fed sees prospects for continued growth in Nashville
In a recent blog, the Federal Reserve Bank of Atlanta reported “positive sentiment” and "solid growth in customer demand" among business contacts in Middle and East Tennessee. The continued prospects for growth in the Volunteer State “could possibly also signal continued improvement” in the national economy, according to the central bank. Both commercial and residential real estate markets continue to perform well in the Nashville area, writes the Atlanta Fed. Those sectors have benefited from low interest rates, strong in-migration and growing household income. A growth in household income also stems from an improving employment picture in the region. Atlanta Fed business contacts “indicate that manufacturing is expanding robustly, with the sector running at nearly full capacity, especially the auto industry.” Employment in construction, hospitality and professional services are “outpacing growth in other industries.” Nashville Business Journal
Submitted 47 minutes ago

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 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     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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