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Entergy Gives Louisiana Economic Development a Digital Boost
BATON ROUGE, La. - All of Louisiana's state and regional economic development agencies are now taking advantage of an online tool from Entergy's Louisiana utilities that gives the state maximum visibility in the competitive arena of site selection. The Louisiana Site Selection Center website allows state, regional and local economic development agencies the opportunity to brand the site as their own using a customizable wrapper that provides end users with a seamless experience. 4-traders.com
Submitted 3 years 30 days ago

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13 Southern Sayings That The Rest Of America Won't Understand
Language discrepancies naturally arise in different geographic regions, like the raging “pop” vs. “soda” debate. But the South undoubtedly takes the cake. Conversations south of the Mason-Dixon line will befuddle anyone not born there. We chose 15 of the most ridiculous Southern sayings — and tried to explain them. BusinessInsider.com
Submitted 3 years 30 days ago

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Here's How Companies Are Using Their Massive Piles Of Cash
Cash is constantly flowing in and out of companies. Profitable companies who are able to collect from their customers will watch cash pile up on their balance sheet unless they use it. Public companies have five basic uses for the cash that they bring in: 1) share buybacks; 2) dividends; 3) acquisitions; 4) research and development; and 5) capital expenditures, which include spending on both growth and maintenance. "S&P 500 companies are directing 40% of their cash usage back to shareholders compared to less than 30% in the late 1990s," noted Goldman Sachs' Stuart Kaiser in a new note to clients. "More than half of that amount (22%) has been devoted to buybacks while 18% has been used to pay dividends. Since 2010, dividend payments have grown nearly 50% while buybacks are up 40% on a trailing four quarter basis." Businessinsider.com
Submitted 3 years 30 days ago

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There Are Some Signs That Friday's Jobs Report Could Be Much Better Than Expected
There will be some ugly numbers in the October employment report to be released on Friday. The unemployment rate will probably increase sharply, and the number of part time workers for economic reasons will also increase. Excerpts from the BLS on the impact of the government shutdown: Business Insider
Submitted 3 years 30 days ago

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DOW HITS RECORD HIGH: Here's What You Need To Know
There wasn't a whole lot going on today. Still, stocks rallied, with the Dow hitting new all-time highs. First, the scoreboard: Dow: 15,746.8, +128.6, +0.8% S&P 500: 1,770.4, +7.5, +0.4% NASDAQ: 3,931.9, -7.9, -0.2% And now the top stories: Business Insider
Submitted 3 years 30 days ago

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BOEING DISSES SC FOR 777X
Despite asking “how high?” whenever Boeing says “jump,” South Carolina got jilted by the Chicago-based aircraft manufacturer … again. For the second time in three years, Boeing has chosen Washington State over South Carolina for a key project. In 2011 it was the 737 MAX project … this year its the 777X, a revamped version of the company’s long range 777 series that is designed to compete with the Airbus A350. fitsnews.com
Submitted 3 years 31 days ago

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Manufacturing Jobs Remain At 60-Year Lows, But Profits Are Back To Pre-Crisis Highs
We've been hearing a lot about a "comeback" or even a "renaissance" in U.S. manufacturing this year. Is it real? Well, it depends on what you mean. Business Insider
Submitted 3 years 31 days ago

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Global conference heading to Houston for first event in southern U.S.
BG Group PLC’s chairman and a former president of Mexico are among the 70 speakers on the agenda for Indian Institutes of Technology’s 2013 Global Conference in Houston — the first Global Conference IIT has held in the southern U.S. Houston Business Journal
Submitted 3 years 31 days ago

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4 Reasons Sales of Small Businesses Are Booming
Cyclist Matt Holloway, 44, calls a mountain-bike race he rode in three years ago the “most expensive race of my life.” During the race, Holloway chatted with a fellow cyclist who mentioned that he owned a bike shop, which he was looking to sell. Holloway was working at the time as a bicycle technician at Eastern Mountain Sports, but had been thinking about striking out with a business of his own. The two men began working on a deal for Holloway to buy the bike shop. The Fiscal Times
Submitted 3 years 31 days ago

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Electric Vehicle Myths 3: Destroying Jobs To Create Them
Perhaps because they have often been accused of favoring the environment over jobs, many environmentalists love to point out the creation of “green jobs” as one of their goals and accomplishments. This has been true for electric vehicle proponents as well, such as former Michigan Gov. Granholm, who tells “Electric Vehicle Naysayers: Get Over It, Support American Jobs”then adds, “I know the only reason those jobs were even possible is because the federal government, led by our president, made a commitment to battery technology.” Forbes
Submitted 3 years 31 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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