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NC unemployment rises to 9.6%
North Carolina’s statewide unemployment rate rose to a seasonally adjusted 9.6 percent in July from 9.4 percent in June, according to the N.C. Department of Commerce. Charlotte Business Journal
Submitted 2 years 97 days ago

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Judge approves $10M incentive package for River Trace Golf Course in Gadsden AL
Etowah County Circuit Judge Billy Ogletree has approved the $10 million incentive package passed in November 2011 by the Gadsden City Council for the development of the River Trace Golf Course. Gadsden Times
Submitted 2 years 97 days ago

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Company to build air separation plant at Lewisville, 34 new jobs
LITTLE ROCK, Ark. — A New Jersey company announced Thursday plans for a new air separation plant in southern Arkansas. Linde North America said it would break ground Wednesday in Lewisville, about 35 miles east of Texarkana in Lafayette County, on a facility that will initially employ 24 workers and will produce liquid nitrogen and liquid oxygen for markets in Arkansas, Louisiana and Texas. Arkansas News Bureau
Submitted 2 years 97 days ago

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Bill could save 800 jobs at Ala.'s Maxwell
Seven airplanes and up to 800 jobs could remain at Maxwell Air Force Base thanks to defense budget language crafted by Alabama’s congressional delegation. Montgomery Advertiser
Submitted 2 years 97 days ago

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Bond defaults such as by Alabama county more likely than once thought, Federal Reserve study finds
Federal Reserve researchers say Jefferson County has more company than previously thought among municipalities that defaulted on their bonds. The Birmingham News
Submitted 2 years 97 days ago

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TVA CEO Tom Kilgore announces he will retire at year's end, utility will not increase rates for 2013
Tom Kilgore, the first president and CEO of TVA, announced today he will retire at the end of the year. The announcement came at the TVA board's August meeting, according to a news release. TVA also announced it will not increase its power rates for fiscal year 2013 which begins in October. Kilgore joined TVA in 2005 and took the helm of the organization which had been operated by a three-member board for most of its history. "I look forward to working more on my farm," Kilgore said, who is from Ider in DeKalb County. "And I am proud of TVA'S focus on low rates, clean, realiable energy and enhancing the economic growth in the Tennessee Valley." Huntsville Times
Submitted 2 years 98 days ago

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'Cliff' Hanger: Corporate America Puts Everything on Hold
Company executives are postponing decisions such as hiring and plant-building until they can get some clarity from Washington on the looming “fiscal cliff” and possible higher taxes, according to an analysis of earnings conference calls by Goldman Sachs. “Regulatory direction and political uncertainty remain key concerns to corporate leaders,” wrote David Kostin, a Goldman strategist, in the note. “Firms expressed a uniform desire for regulatory clarity.” After rallying since early June, stocks have stalled recently as companies gave little, if any, guidance on conference calls following their second-quarter earnings reports. CNBC
Submitted 2 years 98 days ago

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XCOR Aerospace landing in Florida
XCOR Aerospace will build rocket engines and potentially a suborbital spacecraft at Kennedy Space Center in a move that brings Brevard County 152 space industry jobs and a prominent place in the burgeoning space tourism industry. The Mojave, Calif., company will offer details in an announcement at 10 a.m. Aug. 23 at the Astronaut Encounter Theater at the KSC Visitor Complex. An invitation to the announcement says XCOR will establish its new business in Florida, and the only Florida site the company seriously scouted was KSC. Contacted Tuesday, an XCOR spokesman declined to comment beyond the invitation. Florida Today
Submitted 2 years 98 days ago

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U.S. factories, builders lift struggling economy
WASHINGTON — (AP) The U.S. economy looked more resilient Wednesday after reports showed factories produced more goods in July and homebuilders grew more confident in the housing recovery. At the same time, consumer prices stayed flat last month. Low inflation could boost consumers spending and lift growth in the second half of the year. Stocks finished mostly higher on Wall Street. The Dow Jones industrial average fell 7 points to 13,165, but the broader S&P 500 index was up 2 points at 1,406 and the Nasdaq composite rose 14 points to 3,031. Austin American-Statesman
Submitted 2 years 98 days ago

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Louisiana Economic Development Secretary could be LSU system president candidate
Louisiana Economic Development Secretary Stephen Moret didn't dispel rumors Wednesday that he could be a candidate for the LSU system president's job. Moret's name first began circulating as a possible candidate last year even before the LSU Board of Supervisors fired former President John Lombardi in April. Speculation about his candidacy arose again this week after interim President William Jenkins said LSU might tap a nontraditional candidate who didn't have traditional academic credentials. Shreveport Times
Submitted 2 years 98 days 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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