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United Launch Alliance hints at new rocket line at Decatur plant and possible engine plant in Alabama
DECATUR, Ala. - A new partnership between United Launch Alliance and Blue Origin, the rocket company founded by Amazon CEO Jeff Bezos, could mean production of a new rocket at ULA's massive plant in Decatur and a new rocket engine somewhere in North Alabama, ULA President and CEO Tory Bruno said this week. In an interview with AL.com, Bruno said the Decatur plant that employs about 1,000 people now will continue to be ULA's "primary assembly and integration site" for rockets including its Atlas and Delta lines. "Decatur is just a great place," Bruno said. "For Atlas, for Delta, which will go on for years, and for whatever (the) product line looks like in the future, I anticipate it being here." AL.com
Submitted 8 hours ago

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Regions No. 1 in small biz satisfaction for the South
Regions Bank ranked the highest in the South for small business banking consumer satisfaction, according to a new study from J.D. Power and Associates. The Birmingham-based banking giant received a score of 803 on a 1,000-point scale and five power circle ratings (among the best customer satisfaction). That's up from its spot at No. 4 with 768 points and three power circle ratings a year earlier. Nashville Business Journal
Submitted 9 hours ago

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High stakes, no sweat: Behind the Under Armour deal
Mt. Juliet shouldn't have even been in the game. The site pitched to retail giant Under Armour for its new distribution hub was the least ready of the company's final three choices, and it was the most expensive. That's where size and speed became a gamechanger. The Baltimore-based company was looking to build a distribution center in the Southeast starting at 1 million square feet — but with room to double in size when the time was right. Nashville Business Journal
Submitted 9 hours ago

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Bass Pro will channel Grand Canyon Skywalk at top of Pyramid
Bass Pro Shops plans to enclose the top of the Pyramid in glass and will build a glass walkway around the top similar to the Grand Canyon Skywalk, according to the latest project status update. The retailer plans to put a restaurant and aquarium inside the glass, and two cantilevered glass balconies outside, with "spectacular panoramic views" of Downtown and the Mississippi River, the Sept. 24 report said. The $190 million project, which will include 22,000 square feet of retail space and a 101-room hotel, is on time and on budget, the report said. Memphis Business Journal
Submitted 10 hours ago

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Ready for the next round of the Tennessee whiskey war?
Get set for the next round of the Tennessee whiskey war. The dispute involves Louisville-based Brown-Forman Corp. (NYSE: BF-B) — owner of Jack Daniel's Tennessee Whiskey — and rival Diageo plc (NYSE: DEO), which makes George Dickel Tennessee whiskey. Brown-Forman helped the Tennessee General Assembly create a 2013 law that defined specific parameters of what can be labeled as Tennessee whiskey. The rules relate to the corn content, filtering and barrel-aging process. Dickel meets the requirements, but Diageo contested the definition, saying it hinders innovation. Louisville Business First
Submitted 10 hours ago

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Luxury high-rise to break ground in downtown Houston
Developers have set a groundbreaking date for a luxury residential tower in downtown Houston. Catalyst Houston, at 1423 Texas Ave., is set to break ground on Nov. 5. The 28-story, 361-unit apartment project is expected to be complete in summer 2016. The development is a joint venture between Naperville, Illinois-based Marquette Cos.; El Paso, Texas-based Hunt Cos. and Los Angeles-based Ares Management LLC. This is Marquette's first development in Houston and the second Catalyst project, modeled after one in Chicago. Houston Business Journal
Submitted 10 hours ago

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Vote draws closer on $450M Fort Worth arena project
Next week, Fort Worth voters will decide whether to spend $450 million on a new multipurpose arena next to the Will Rogers Memorial Center. Event Facilities Fort Worth, led by Fort Worth billionaire Ed Bass, has pledged $225 million in private money to the project. The other half of the funding would come from taxes on those who use the facility, and a parking tax that may be assessed after it opens. No increases are expected in property, sales or hotel occupancy taxes, and no money will be taken from the city's general or public events funds. Dallas Business Journal
Submitted 10 hours ago

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Waggoner Ranch: Snapshot(s) of a $725M piece of Texana that's on the market
You can describe the Waggoner Ranch in many ways. Giant. Big. Enormous. Huge. You can also describe it as scenic, majestic, vast and picturesque. Staff Writer Candace Carlisle takes a look at Waggoner Ranch this week in our print edition and in the Subscriber Content section of the website. You can read more about the history of the ranch and the colorful cast of characters associated with it. The 165-year-old operation is the largest Texas ranch within one fence and covers roughly 510,527 acres spread across six West Texas counties. It sits roughly 175 miles northwest of Dallas-Fort Worth. Dallas Business Journal
Submitted 10 hours ago

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Duke Energy CEO: Shale gas is speeding change for power industry
Duke Energy CEO Lynn Good says the proposed Atlantic Coast Pipeline represents Duke's preparation for a future that may be dominated by natural gas for producing electricity. Speaking at the North Carolina CEO Forum in Raleigh on Thursday, she said Duke would like to be able to consider new nuclear-plant construction, as its first Oconee Nuclear Station retires around 2030. But that remains uncertain. "Nuclear is a great asset ... but it's hard and it's expensive to replace," Good said. "There's going to be a lot of homework and review of the complex issues before we make that plan to go forward." Charlotte Business Journal
Submitted 10 hours ago

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AWEBA Group puts North American HQ in Georgia
German die maker AWEBA Group will open its first North American headquarters in Dublin, Ga., creating 52 jobs and investing $6 million over the next five years. The company will lease a 30,000-square-foot building where they will produce tools and dies for the NAFTA region. The new location will need tool setters and production workers. Atlanta Business Chronicle
Submitted 11 hours 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     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 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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