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Alabama ranked in bottom half of states for gender pay gap
Women looking to make as much as their male counterparts at work may want to steer clear of some states, including Alabama. Expert Market recently compiled a map of each state, ranked by gender pay gap, and the results showed that Alabama is in the bottom half of states when ranked on the gender pay gap. Birmingham Business Journal
Submitted 20 minutes ago

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Shale Oil & Gas Development Changing the Way the Nation Does Business
In 2014 several states were considering rolling back or banning hydraulic fracturing (“fracking”). Since that time, several states have taken action. Maryland completed their study of health and environmental impacts and determined that they can be managed satisfactorily, and the moratorium on hydraulic fracturing is expected to be lifted soon. North Carolina, Illinois, and California have all found a path forward; their respective legislative and judicial processes having defeated measures intended to place a moratorium or ban on hydraulic fracturing. Area Development
Submitted 33 minutes ago

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Oklahoma manufacturing jobs pay $1.68 more an hour than other jobs
Full-time manufacturing jobs for non-college degree workers pay a wage premium of more than $3,700 annually over jobs in other economic sectors and have a significant positive impact on the U.S. economy, according to a new report issued today by the Economic Policy Institute. In Oklahoma, the report shows, the average manufacturing worker makes $17.13 an hour compared to $15.45 an hour for other workers, an annual wage difference of $3,494.40 for the usual 2,080 hours of full-time work per year. Ardmoreite.com
Submitted 56 minutes ago

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Unions in talks with US Steel representatives over potential for 1,600 layoffs
The three local unions who represent workers at the US Steel plant in Fairfield are in talks with company officials over the notices sent to 1,600 workers warning of potential layoffs. AL.com
Submitted 1 hour ago

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Alabama automakers built nearly 1 million cars in 2014, setting a new state record
Alabama automakers set a production record last year. The Economic Development Partnership of Alabama says Honda, Hyundai and Mercedes-Benz combined to manufacture 997,270 vehicles in the state in 2014. That's 80,000 more vehicles than the previous high set in 2013. AL.com
Submitted 1 hour ago

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Oklahoma Fracking Earthquake Responsibility Case Goes to Court
Oklahoma’s Supreme Court will hear a potential landmark case that may further validate a linkage between fracking and earthquakes. Two oil companies are being sued for causing an earthquake that caused the plaintiff, Sandra Ladra, to be injured. The case has serious ramifications for the oil and gas industry, which could be forced to stop using the controversial drilling procedure if the two companies are found liable. Allgov.com
Submitted 1 hour ago

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Dream Come True for Oil Companies: Obama Expected to Approve Drilling off Atlantic Coast from Virginia to Georgia
In a move likely to delight the oil and gas industry and upset environmentalists, the Obama administration plans to open up the Atlantic coast to drilling. Allgov.com
Submitted 1 hour ago

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Is Volvo looking to manufacture cars in South Carolina?
COLUMBIA, SC — Volvo Cars, said to be eager to rebuild sales in the U.S., might be looking to build an automobile manufacturing plant stateside, and South Carolina reportedly is among a handful of states under consideration. Three states – South Carolina, North Carolina and Kentucky – leapt into discussion as possible locations for a North American Volvo plant last week when a Financial Times report cited anonymous sources they said tipped them off that Volvo had made inquiries at the state Legislature level about those states’ specific economic development incentive packages. The State
Submitted 17 hours ago

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SpaceX, Boeing manned launches from Cape Canaveral set to take off in 2017
SpaceX and Boeing said Monday they are on track to launch their first manned test flights from Cape Canaveral to the International Space Station in 2017, News 13 reports. The two companies were selected last September to transport astronauts to the space station. Once operational, the new manned launches will be the first since the retirement of the space shuttles in 2011. The launch program is expected to boost Central Florida's commercial space growth as Boeing brings spacecraft manufacturing for the first time to Florida. Space Coast officials expect that to lure other aerospace-related companies to Florida's east coast. Orlando Business Journal
Submitted 17 hours ago

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Obama to open Atlantic to oil drilling off Virginia and the Carolinas
WASHINGTON — The Obama administration is expected to open the Atlantic Ocean to oil drilling on Tuesday, according to people familiar with the planning and a draft map viewed by McClatchy. The proposal appears to allow drilling in areas off Virginia and the Carolinas, while excluding Florida, Maryland and Delaware. The Interior Department is expected to release details of the five-year lease plan, covering 2017 to 2022, on Tuesday afternoon and isn’t commenting on the specifics in the meantime. It would mark the first time in decades that oil drilling is allowed off the East Coast, and is sure to be highly controversial. The decision does not require Congressional approval but Charles Ebinger, a senior fellow in the Energy Security and Climate Initiative at the Brookings Institution, said he expects court battles and environmental groups file lawsuits over the plan. News & Observer
Submitted 17 hours ago

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 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
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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