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Editorial: Missouri bond issue would create jobs, invest in the future
Three decades ago, at the urging of Gov. Christopher “Kit” Bond, Missouri invested in its future. Voters in 1982 narrowly approved a constitutional amendment put before them by the Legislature and endorsed by the Republican governor that called for spending $600 million to build roads, parks and public buildings. St. Louis Today
Submitted 2 years 250 days ago

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Vehicle Transaxle Company Invests $7.5M in SC Plant
Vehicle parts giant Transaxle Manufacturing of America announced Tuesday plans to further invest $7.5 million in their South Carolina based-plant over the next five years. The company will be adding new equipment to their plant, based in the Waterford Industrial Park in York County, to advance their operations. wtma.com
Submitted 2 years 250 days ago

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Dam is key to river development, Tulsa group says
Improving Zink Dam is the key action the city of Tulsa can take to encourage development of the Arkansas River corridor, according to a task force formed to study the issue. “The Task Force believes that maintaining ‘water in the river’ is the single most important element for sustained economic development along the corridor,” according to the River Development Task Force’s final recommendations. “Toward that end, we believe that an improved Zink Lake dam may be the most effective catalyst to drive future development.” Tulsa World
Submitted 2 years 250 days ago

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New N. Ky. campus for Gateway ambitious; to cost $81.5 million
COVINGTON, Ky. — A northern Kentucky community college is investing an ambitious $81.5 million into a new urban campus in the hopes it will become the foundation for urban economic development in Covington. The new Gateway Community & Technical College campus itself will be nestled in roughly a six-block area in Covington's Central Business District. The Republic
Submitted 2 years 250 days ago

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Mississippi port project draws criticism — and hope
GULFPORT, Miss. — It was billed as the "Port of the Future" — a half-billion-dollar expansion of this city's port that would draw massive Asia-bound container ships, generate thousands of high-paying jobs, and ignite the area's economy. USA Today
Submitted 2 years 250 days ago

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Chuy’s to hire more than 165 for new San Antonio restaurant
Having tackled the North Central and far Northeast sides of San Antonio, Austin-based Chuy’s has now set its sights on Northwest San Antonio. San Antonio Business Journal
Submitted 2 years 250 days ago

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KMA Manufacturing, Mitsubishi and Angelica Textile seek incentive changes
After receiving approval for a four-year payment-in-lieu-of-taxes benefit in September, KMA Manufacturing is opting to buy a new building to expand its Memphis operation. The company is seeking an alteration of its previous PILOT for the expansion. Memphis Business Journal
Submitted 2 years 250 days ago

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Poll: Pols will act like 'spoiled' kids on fiscal cliff
Americans expect to deal with some bratty behavior from D.C. pols in the coming weeks. Two-thirds of Americans believe that politicians will act like “spoiled children” during negotiations on the fiscal cliff, while only 28 percent think elected officials can be counted on to behave as “responsible adults,” according to a CNN/ORC poll released Monday. Politico
Submitted 2 years 250 days ago

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Houston No. 1 mobile-shopping city on Black Friday
Houston was the No. 1 city for mobile shopping through PayPal on Black Friday. Following Houston was Chicago, Los Angeles, Miami and New York to round out the top five cities for the most mobile purchases made through PayPal, the website said in a Nov. 24 blog entry. Houston Business Journal
Submitted 2 years 250 days ago

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Some Hostess brands worth hundreds of millions, but may not fetch that much
Some of the iconic brands of Irving’s Hostess Brands are worth quite a bit, but may not fetch as much in bankruptcy auctions, according to one analyst. Dallas Business Journal
Submitted 2 years 250 days ago

 

 

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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