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7 U.S. Cities with the Biggest Bang for Your Buck (4 in the South)
“Go where the jobs are” may be considered sound business and financial advice in the current economy, but what if “where those jobs are” costs more than twice the national average to live? In the New York City area, the average pay for full-time civilian workers is 28.51/hour, nearly $6/hour above the national average of $22.71. That might sound nice, but when you take into account that the cost of living in Manhattan is more than twice the national average (216 percent), things aren’t looking so pretty. On the flip side, Indianapolis has a cost of living that’s much lower than the national average (87 percent), but the average wage is equally low at $19.80/hour, meaning you’re only spending less because you’re making less. The Fiscal Times
Submitted 2 years 32 days ago

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Tech-savvy workers sought across Chattanooga, Tennessee, and the South
It could be time to ditch the bachelor's in basketweaving and toss out the master's in medieval literature. The work force of tomorrow needs to know how to program a robot, weld steel and do math, business leaders said Monday at a meeting of the Southern Growth Policies Board. There are plenty of jobs available right now for those with the right skills -- the problem is, graduates today don't have those skills, officials said. Chattanooga Times Free Press
Submitted 2 years 32 days ago

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Business fallout as Gov. Scott declares state of emergency
Tropical Storm Debby threatens the state of Florida with a major disaster, Gov. Rick Scott said in declaring a state of emergency, the Tampa Bay Business Journal reports. Scott’s declaration triggers activation of the state’s comprehensive emergency management plan and other responses needed to cope with the emergency. The order ensures state, regional and local governments can take necessary actions to protect the lives and property of people in threatened communities, Scott’s office said. Orlando Business Journal
Submitted 2 years 32 days ago

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Judge blocks Fla. law barring govt. contracts for companies that do business in Cuba or Syria
MIAMI — A federal judge on Monday temporarily blocked Florida from enforcing a new state law barring companies from bidding on state and local government contracts if they or any affiliates also do business in Cuba or Syria. U.S. District Judge K. Michael Moore issued the temporary injunction after hearing arguments in a lawsuit filed by a Florida-based subsidiary of a Brazilian conglomerate, which contended that the law is unconstitutional. The lawsuit by Odebrecht Construction Inc. claims the law runs afoul of the federal government’s sole powers to direct U.S. foreign policy. Washington Post
Submitted 2 years 32 days ago

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NC will rule quickly on Duke Energy-Progress Energy merger
After a brief hearing Monday, N.C. regulators are poised to rule on Duke Energy’s proposed $26 billion purchase of Progress Energy in a matter of days. Ed Finley, chairman of the N.C. Utilities Commission, said as the hearing ended that parties were free to file proposed orders in the case. But he said the commission will not wait for them. The commission will issue an order “as expeditiously as possible,” whether or not any additional filings are made. Charlotte Business Journal
Submitted 2 years 32 days ago

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New parent of O'Charley's, J. Alexander's moves HQ to Nashville
The holding company that recently purchased Nashville-based O'Charley's Inc. and that announced plans Monday to also purchase the J. Alexander's chain has quietly moved its corporate offices to Nashville, Nashville Post reports. American Blue Ribbon Holdings, a subsidiary of Fidelity National Financial, has moved its corporate offices from Denver to O'Charley's existing digs in the 100 Oaks area, the Post reports. Nashville Business Journal
Submitted 2 years 32 days ago

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Business boosters admit Atlanta in 'crisis' amid effort to boost city's economy
Atlanta is in crisis. That's not the message you'd expect to hear from the Metro Atlanta Chamber, the pro-business group that usually puts a cheerful face on the region's future. But it's at the heart of a plan the group unveiled Monday to jump-start the region's economy. Atlanta Journal Constitution
Submitted 2 years 32 days ago

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Contractors Say Defense Cuts Mean Layoffs and Chaos
With no guarantees that Congress will block deep new defense spending cuts scheduled to kick in early next year, major defense contractors and their suppliers are bracing for the worst. The Fiscal Times
Submitted 2 years 32 days ago

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Economist: Alabama job growth lacking
MOBILE, Alabama -- Don't ask if a recession is over, ask if the recovery has started. That was the advice Auburn University at Montgomery economist Keivan Deravi gave the more than 200 attendees at the Economic Development Association of Alabama's summer conference on Monday. Giving his yearly state and national economic update at the Grand Hotel Marriott Resort, Golf Club & Spa in Point Clear, Deravi said the United States is experiencing the slowest economic recovery in its history, and employment numbers are stagnant. The Press Register
Submitted 2 years 32 days ago

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Toyota will supply BMW with hybrid technology, reports say
TOKYO — Toyota Motor Corp. plans to supply BMW AG with hybrid drivetrain systems and hydrogen fuel cell technology, as the two partners deepen a green car development tie up they forged last December, media reports say. Under the plan, Toyota would achieve greater economies of scale for its gasoline-electric hybrid systems and win a trophy customer in the form of a German luxury carmaker. Specifics of the agreement were reported Monday by Japan's Nikkei business daily and over the weekend by Germany's Der Spiegel magazine. Toyota President Akio Toyoda and BMW CEO Norbert Reithofer will make an announcement this week, the Nikkei reported without saying how it learned the news. Automotive News. For more information on the South's automotive industry, go to www.SouthernAutoCorridor.com.
Submitted 2 years 33 days ago

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

In growth, companies find themselves in the dilemma of identifying capital to increase capacity and managing opportunity cost where capital may be deferred. This dilemma is amplified as capacity constraints drive a company to complete the site selection process for an expanding or new facility. 
 

 Randle Report - Business News in the South

 FEATURE  
By Dr. Glen Fenter
Desperation sometimes masks itself in acceptance. Such was the case for Takelia Carter of Marion, Ark. For Carter, the mother of six school-age children in a low paying job, desperation was normative existence. This was her life in Crittenden County, Ark., deep in the Delta where unfortunately one in four families lives well below the poverty level.
 

 Business News in the South - Randle Report

FEATURE     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 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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