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South Texas earthquakes likely caused by shale boom, researchers say
Earthquakes in the Eagle Ford Shale region — including a 2011 quake felt in San Antonio — are likely being triggered by increased oil extraction, according to a new research paper from the University of Texas at Austin. A two-year survey of seismic activity links small quakes in South Texas largely to the upswing in the production of oil and brackish water that flows up alongside hydrocarbons. FuelFix.com
Submitted 3 years 35 days ago

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Two Mandeville, LA companies listed among nation's fastest growing
Two St. Tammany companies have been named to the Inc. 5000 list of fastest-growing firms in the country, according to the parish's Economic Development Foundation. Innovative Advertising, based in Mandeville, showed a three-year growth of 561 percent and revenue of $11.2 million, ranking it 806th on the list. NOLA.com
Submitted 3 years 35 days ago

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How Syria, a Hurricane, or Ben Bernanke Could Move the Debt Ceiling Deadline
Deadlocked over a deal to raise the debt ceiling, Congress and the White House are flirting with federal default. But that's not the worst of it: Because the exact date of default is uncertain, any number of unforeseen events could push our federal finances over the edge. Treasury Secretary Jacob Lew told Congress on Monday that the government is likely to default on its debts by mid-October unless the debt limit is raised. But mid-October could just as easily be early October. Or it could be late September. Or Treasury's extraordinary measures may, as some analysts are still predicting, stave off default until November. National Journal
Submitted 3 years 35 days ago

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Ark.-based Walmart Will Begin Offering Same-Sex Domestic Partnership Benefits In 2014
Walmart, the nation’s largest private employer, will begin offering domestic partnership benefits for same-sex couples, according to documents obtained by Towleroad. Benefits for same-sex partners, like same-sex spouses, would include “medical, dental, vision, life insurance, discount cards, family leave, 401K, and critical illness and accident insurance,” and be available in all 50 states and Puerto Rico. Think Progress
Submitted 3 years 35 days ago

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Austin regains first place in national economic rankings after 1-month slip
Austin is back in familiar territory after a one-month hiatus, once again occupying first place in the On Numbers Economic Index. Austin Business Journal
Submitted 3 years 35 days ago

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Jones: Is Georgia Power losing political clout?
ATLANTA — Recent developments have led political watchers to wonder whether Georgia Power has lost some of its mojo. The state’s largest electric utility, and its parent Southern Company, no longer seem to get everything they want at the Public Service Commission. Athens Banner Herald
Submitted 3 years 35 days ago

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Promises of Economic Growth Through Tax Cuts are Empty
Those pushing for the type of radical tax plans described in our new report say that deep income tax cuts are a sure-fire way to boost the state’s economy and create jobs. But these claims aren’t supported by research or the experience of other states. gbpi.org
Submitted 3 years 35 days ago

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Ideal place for nuclear waste? Talk of storage in Miss. emerges again
Mississippi could see thousands of new jobs and billions in investments from storing and reprocessing the nation's nuclear waste, an energy trade group told state lawmakers Monday. Clarion Ledger
Submitted 3 years 35 days ago

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Education, workforce both play role in decreasing economic disparities
Gaining equality is not a one-step process, a statement made apparent by looking at numbers reflecting the current workforce in America. It’s no secret that unemployment rates and salary levels are different for African-Americans in comparison to other races. The statistics show unemployment and underemployment is more of a reality for African-Americans than for other groups. African-Americans are also more likely to receive lower wages than their white or Asian counterparts. Gainesvilletimes.com
Submitted 3 years 35 days ago

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HP, Nordex Expected To Refund Incentive Funds After Failing to Meet Goals
Companies that take cash from the Governor’s Quick Action Closing Fund and then fail to deliver on the promises of jobs should expect to repay some of the incentive money. Since the beginning of this year, Allied Wireless of Little Rock, Nice-Pak of Jonesboro and Pinnacle Foods in Fayetteville have repaid the fund a total of $215,000 for missing promised employment goals after receiving a total of $8 million from the economic incentive account. Arkansasbusiness.com
Submitted 3 years 35 days ago

 

 

Features & Opinion

 Randle Report - Business News in the South

For those who still languish over "losing to China" or believe that the economy is still in recession, wake up and smell the data. Economic development in the South was about as good as it gets in calendar year 2015 according to the data. And as for China, borrowing a quote from the late football coach Bear Bryant that he made in the half-time locker room down 15-0 to Georgia Tech in 1960, "We got 'em right where we want 'em." For those of you who don't know the rich history of Alabama Crimson Tide football, Bama scored all of its 16 points in the fourth quarter, kicking a field goal on the last play of the game to beat Tech 16-15.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
Today, factories in the U.S. make twice as much product as they did in 1984. And they are doing it with one-third of the manufacturing workforce. In fact, the output of durable goods in 2015 was the highest in the nation's history. So, we do have a strong manufacturing base, at least in the South, much of the Midwest and parts of the West, and it is getting stronger because on a cost-basis, we can compete with any major manufacturing nation in the world.  
 

 Randle Report - Business News in the South

FEATURE     
The argument for or against a minimum wage hike continues between the reds and the blues, as well as within the economic development community in the South. Should we stay the course with a minimum wage under $8 an hour to better compete with Mexico, the South's biggest competitor for jobs, or set a minimum wage just over $10 an hour, a wage floor most centrists support? That $10 per hour is, according to the MIT Living Wage Calculator, about right in most states in the South for one adult to be able to cover basic expenses plus all relevant taxes.
 
 Randle Report - Business News in the South
Recent data from the Computing Technology Industry Association (Comp TIA) showed that the technology industry is one of the fastest growing job generators in the South and the nation. The report also indicated that technology job compensation is growing faster than any other sector.
 


 

 

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