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Composite Tool-Making Business To Bring Up to 80 Jobs To Manatee
Cape Coral-based JRL Enterprises Inc. plans to purchase the former Wellcraft manufacturing facility in South Manatee County to expand the composite tool-making business of JRL Ventures Inc. Patch.com
Submitted 2 years 211 days ago

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Servosity expanding operations in Greenville County SC
COLUMBIA, S.C. –– Greenville-based Servosity Inc., a developer and provider of data backup and disaster recovery solutions to managed service providers and IT resellers, today announced plans to expand its operations in Greenville County. The company expects to generate 30 new jobs over the next 12 to 18 months. SC Commerce
Submitted 2 years 211 days ago

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Automotive Equipment Manufacturer Chooses North Carolina
RALEIGH – Gov. Bev Perdue today announced that Nussbaum Lifts, a manufacturer of automotive service equipment, will locate a new facility in Gaston County. The company plans to create 83 jobs and invest $7.6 million dollars over three years in Gastonia. The project was made possible in part by a $137,000 grant from the One North Carolina Fund. NC Commerce
Submitted 2 years 211 days ago

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BP expresses 'significant uncertainty' about settlement for 2010 Gulf spill
The British oil firm BP on Tuesday warned it might be unable to reach a settlement with the U.S. government over the 2010 Gulf of Mexico spill. “BP is in ongoing discussions with the DOJ [Justice Department] and other federal agencies regarding a possible settlement of these claims and whilst it is ready to settle on reasonable terms, a number of unresolved issues remain and there is significant uncertainty as to whether an agreement will ultimately be reached,” BP said Tuesday in its third-quarter earnings report. The Hill
Submitted 2 years 211 days ago

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Romney’s Misleading Ad Causes Auto Workers To Think They’re Losing Their Jobs
Mitt Romney’s misleading new advertisement is causing auto workers to fear they’re losing their jobs. The ad falsely claims car company Chrysler is moving its Jeep production to China, when in fact the company is opening up additional production there, not shifting American jobs overseas. But some auto workers have been calling their union, worried that they’re about to be out of work: Think Progress
Submitted 2 years 211 days ago

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New Tam Airlines flight brings dollars to Orlando
A new Tam Airlines flight from Rio de Janeiro landed at Orlando International Airport Monday evening, but it was carrying more than just 223 passengers from Brazil. Orlando Business Journal
Submitted 2 years 211 days ago

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Sandy pushes Wells Fargo, Bank of America, other banks into crisis mode
Wells Fargo, Bank of America and other major banks scrambled Monday to shut down branches and prepare for Hurricane Sandy as it bore down on the East Coast's most densely populated cities. Jacksonville Business Journal
Submitted 2 years 211 days ago

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Atlanta ranks high for Gen Y jobs
Atlanta is among the best cities for Gen Y workers to find job opportunities, according to a report from PayScale.com. Atlanta Business Chronicle
Submitted 2 years 211 days ago

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Donald Trump gives Obama more time
Leave it to Donald Trump to find a way to get publicity from Sandy. Because of the devastating hurricane, the mogul tweeted Tuesday that he is extending his offer to President Barack Obama to donate $5 million to charity if the president produces his college records and passport application. Trump said last week that the deadline for an answer from Obama was Wednesday at 5 p.m. Now he’s extended it until Thursday at noon. On Twitter, the offer was panned, and Barbara Walters, Trump’s friend, made a plea for him to stop. On “The Tonight Show with Jay Leno” last week, Obama joked that Trump’s beef with him stemmed from a childhood feud in Kenya. Politico
Submitted 2 years 211 days ago

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Georgia money could help jumpstart harbor deepening
Some of the first components of the Savannah Harbor expansion, including a $32.2 million fish passage structure on the Savannah River near Augusta, might be financed by Georgia money to avoid the wait for congressional appropriations. After 13 years of study, a formal “record of decision” was issued Friday by the Army’s assistant secretary for civil works that affirms federal approval for the $652 million dredging plan. Before it can start, however, several mitigation projects to lessen environmental damage – including fish passage at New Savannah Bluff Lock and Dam – must be completed. Augusta Chronicle
Submitted 2 years 211 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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