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Report: Lockheed to move F-16 production to South Carolina after four decades in Texas
Lockheed Martin has finally decided where it will move its production of F-16 aircraft, according to a report from the web site Defense One. Greenville, S.C., is the location chosen for the future f-16 assembly line, the site said, quoting Orlando Carvalho, executive vice president of Lockheed Martin's Aeronautics business area. Carvalho said the last F-16s will roll out of the Fort Worth factory in September, then after a two-year break, production will resume in South Carolina. Dallas Morning News
Submitted 10 hours ago

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SpaceX signing lease for rocket refurbishing center in Port Canaveral
Port Canaveral commissioners are set to vote on a lease agreement for SpaceX to r enovate a building and reuse it for its rocket refurbishment center. SpaceX and Port Canaveral have been in talks since last year about a lease for the former 53,360-square-foot SpaceHab building at 620 Magellan Road in Port Canaveral, but commissioners will discuss and vote on the agreement on March 22. The port's five-year lease agreement with SpaceX will cost $426,880 per year, and the estimated capital improvements for the building, which SpaceX will cover, is $516,000, according to Port Canaveral documents. Orlando Business Journal
Submitted 10 hours ago

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China Ramps Up Charm Offensive With U.S. Business Leaders
BEIJING— Apple Inc.’s Tim Cook and Jon McNeill of Tesla Motors were among dozens of western executives who spent a long and unseasonably warm weekend here strolling the grounds where Mao Zedong once lived, surrounded by blooming magnolia trees and gliding swans. The message they heard from top Chinese officials at the annual China Development Forum was as temperate as the weather: China remains open and eager for business, no matter the trade-war clouds that might be gathering. “China will push for a higher level of economic opening-up,” Vice Premier Zhang Gaoli said. The Wall Street Journal
Submitted 11 hours ago

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This Texas oilfield is messing with OPEC
Texas is once again making life difficult for OPEC. The Permian Basin of Texas and New Mexico has emerged as the new poster boy of the U.S. shale oil revolution. Land prices in the Permian have skyrocketed, drilling activity has tripled since last year and production there is poised to soar despite cheap oil prices. Some are even predicting this hotbed of shale activity could eventually surpass the colossal Ghawar field in Saudi Arabia as the world's biggest oilfield. CNN Money
Submitted 11 hours ago

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Here’s How Long It Will Take for Each State to Give Women Equal Pay
Florida may be the first state to close the gender wage gap. Women in Wyoming, however, may have to wait until year 2153 until they make as much as their male counterparts. That’s according to projections released by the Institute for Women’s Policy Research on Wednesday. Julie Anderson, a senior research associate with IWPR, used Census data to measure how wages for full-time, year-round working men and women have changed in each state since 1959. Then she used these historical trends to predict how much longer it will take to close the pay gap between the sexes. The answer, to say the least, is depressing. Fortune
Submitted 12 hours ago

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Alabama Small Business Development Center has big impact
The Alabama program is an accredited member of America’s SBDC, the largest and most comprehensive business assistance network in the U.S. Nationally, SBDC Day is set for Wednesday. “Alabama fosters an environment that allows small business enterprises to put down roots and thrive,” said Greg Canfield, secretary of the Alabama Department of Commerce. “The Alabama SBDC Network leverages resources from Alabama’s higher education institutions and is a vital part of the state of Alabama’s support system to help small firms succeed. “Their programs for capital access, government contracting, and international trade are important for small business growth and help sustain the state’s entrepreneurial culture.” Madeinalabama.com
Submitted 12 hours ago

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15 States With The Most Telecommuting Jobs
Nowadays, in a lot of industries and with more and more types of jobs, commuting every day to an office is optional. In some cases you don’t even have to be in the same state or time zone as your employer. Why is this? Technology, silly. Company networks and the proliferation of the fiber-optic wire that’s become the arterial makeup of the modern world make it possible to put in eight hours or more of high-salary work for an employer on the other side of the country while seated in your kitchen wearing a pudding-stained robe, pink bunny slippers and sipping orange juice from the carton. Forbes
Submitted 12 hours ago

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AMERICA FIRST? TRUMP BUSINESSES KEEP HIRING FOREIGN WORKERS
In speeches and tweets, President Donald Trump insists it's time to put "America first," but when it comes to his family's vast empire of successful businesses, foreign workers apparently make attractive hires. Trump Vineyard Estates, owned by Eric Trump, is seeking permission to hire 29 foreign workers through the federal H-2A visa program to cultivate grapes at its Virginia winery, the Associated Press reported Tuesday. The immigration program lets agricultural employees temporarily hire foreign workers to do the jobs Americans don't want or can't do. Newsweek
Submitted 12 hours ago

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If Trump restricts skilled immigrants, the U.S. could lose jobs to other countries
President Trump’s recent executive order on immigration, which restricts immigration from six Muslim-majority countries, has dominated headlines. But much less publicized is that he is reportedly considering an overhaul of the H-1B visa program, which provides visas to highly skilled foreign workers. We do not know what exactly this overhaul might entail, but companies that rely on these visas are nervous. Social science research shows that restricting visas for highly skilled foreign workers could prompt high-tech firms in the United States to shift operations overseas in search of skilled labor. Restrictions might also affect hospitals, universities and other service industries. Washington Post
Submitted 12 hours ago

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The Economy Is Changing And So Is The American Dream
Since the rise of the internet, the world has witnessed more impressive levels of technological innovation than was ever thought possible. While this progress was quick to transform the American economy, government policy has struggled to keep pace. Forbes
Submitted 12 hours 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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