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West Texas wind soon will light up the region
A 3,000-mile network of transmission lines designed to bring wind-generated power from West Texas to homes and businesses from Dallas to San Antonio should be fully operational by Tuesday, year’s end. “There is a vast amount of wind energy that will suddenly be accessible to cities across Texas,” said Jeff Clark, executive director of the Wind Coalition, a nonprofit association focused on wind resources throughout the state and the Midwest. FuelFix.com
Submitted 3 years 24 days ago

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We Urgently Need to Fix the Gas Tax
The Highway Trust Fund, America's primary source of transportation funding, is expected to go bankrupt by 2015. That makes 2014 a critical year for lawmakers to overhaul the busted gas tax system that populates the trust fund. Considering the pace of Congressional action, it's not too early to get that conversation going, and last week two leading newspapers did just that. The Atlantic Cities
Submitted 3 years 24 days ago

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North Carolina's surging population figure closing in on Michigan's total
North Carolina's population is on pace to pass Michigan’s in the new year, according to a U.S. Census estimate released Monday. That would lift it to ninth in state population rankings, just below Georgia, which itself slipped by Michigan in the estimates a year ago. News Observer
Submitted 3 years 24 days ago

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Boeing Contract Choice: Corporate Arrogance or Union Fantasy
SEATTLE-- The battle between Boeing (BA_) and the International Association of Machinists is a tough one to watch, matching corporate arrogance against union miscalculation. Boeing is among America's best companies. Part of a global duopoly, it produces great products: customers line up years out to buy them. It is America's leading exporter and a symbol everywhere of American ingenuity and competence. The Stree
Submitted 3 years 24 days ago

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Boeing Says Union Vote Will Decide Fate of Jobs
Boeing Co. told political leaders in the Puget Sound on Monday that this week's vote by Machinists will determine the fate of some jobs on the new 777X airplane. In a press conference, local politicians gathered in Everett to discuss the importance of approving the revised contract offer. Boeing executive Ray Conner told the government leaders earlier in the day that an accepted contract will ensure that the wing work stays in the Puget Sound, but a vote to reject the deal will ensure the jobs go elsewhere. ABC News
Submitted 3 years 24 days ago

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Industrial Site Selection & Economic Development in a Global Marketplace: An Interview with the German-American Chamber's Jim Blair
In the world of industrial site selection, the old adage "location is everything" has never been more apt. Companies recognize that being in the right place – at the right time, nonetheless – is essential to success. Though the number of actual manufacturing jobs in the United States has dropped over the last couple decades, manufacturing output and productivity has increased steadily. This statistic illustrates the importance of operating smartly in order to compete with the inexpensive labor available overseas. In an increasingly competitive global marketplace, site selection is an integral component of success. greshamsmith.com
Submitted 3 years 24 days ago

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Athens guitar maker to restore Elvis collection
Athens guitar maker Scott Baxendale will begin in February making trips to Memphis to repair, restore and document Elvis Presley’s guitar collection. Atlanta Business Chronicle
Submitted 3 years 24 days ago

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Florida’s population grows, but not enough to overcome New York
New York will hang onto its claim of being the third most-populous state in the nation — for now, at least. Some demographers had predicted that rapidly growing Florida would sail into the third-place spot in 2013. But the figures released Monday by the U.S. Census Bureau put the Empire State ahead of Florida by 98,267 people. That isn’t to say that Florida won’t eclipse New York soon. Miami Herald
Submitted 3 years 24 days ago

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13 major clean energy breakthroughs of 2013
While the news about climate change seems to get worse every day, the rapidly improving technology, declining costs, and increasing accessibility of clean energy is the true bright spot in the march toward a zero-carbon future. 2013 had more clean energy milestones than we could fit on one page, but here are 13 of the key breakthroughs that happened this year. Grist
Submitted 3 years 24 days ago

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Home Values to Log Best Year Since the Housing Bubble
With the help of favorable interest rates and low inventory levels, the real estate market has been one of the strongest areas of the economy in recent years. A rebound in home values has lifted millions of homeowners from underwater status and boosted confidence across the industry. However, the rapid pace should not be expected to last next year. wallstcheatsheet.com
Submitted 3 years 24 days ago

 

 

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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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