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Va. records best oyster harvest since 1987
This news should go down easy. Virginia’s oyster harvest rose nearly 25 percent last season, topping 500,000 bushels for the first time since the 1980s. State officials reacted with happiness and caution. “We are making tremendous progress,’’ said John M.R. Bull, commissioner of the Virginia Marine Resources Commission. “But oysters are still susceptible to disease and other environmental factors outside of our control.” The oyster harvest reached 504,000 bushels in 2013-14, up from 409,000 bushels the year before. Richmond Times-Dispatch
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Va. Gov. Terry McAuliffe orders more state contracts assigned to small businesses
RICHMOND -- Gov. Terry McAuliffe signed an executive order Tuesday requiring state agencies to award more than 42 percent of contracts to small businesses. The governor's order said the target would be the highest percentage of state contracts to go to businesses certified as small, women-owned and minority owned (SWaM status) since the state began tracking this data in 2004. The order creates a micro-business designation that will cover small businesses with fewer than 25 employees and less than $3 million in average annual revenue. The state's small business and supplier diversity department is ordered to submit recommendations for implementing the designation by Oct. 1. Richmond Times-Dispatch
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APM facility in Portsmouth, Va., to be sold, executive says
PORTSMOUTH--Just seven years after it opened and only four years after it was leased to the Virginia Port Authority, APM Terminals' state-of-the-art Portsmouth facility is about to be sold. The buyer is a partnership made up of affiliates of Alinda Capital Partners, a big U.S. infrastructure investment firm, and Universities Superannuation Scheme Ltd., or USS, the largest private-sector pension fund in the United Kingdom, according to an APM Terminals statement. The sale price was not disclosed. The deal is expected to close sometime in the third quarter. After that, the facility will be renamed Virginia International Gateway. Virginian-Pilot
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Chief Happiness Officer Is the Latest, Creepiest Job in Corporate America
Happiness isn’t something you find, or work toward—it’s something you buy and have delivered. Or at least that’s the premise of one of the newest jobs over in the C-suite. Now, alongside the CEO, CFO, and their ilk, we have the CHO, or chief happiness officer. As the name clearly suggests, the CHO is responsible for the contentment of individual employees, sort of like an h.r. manager, but on steroids; the theory goes that happy workers are productive workers, so happiness turns out to be in the company’s best interest. Perhaps unsurprisingly, many CHOs reside in Silicon Valley—both at start-ups and more blue chip tech companies. But it’s starting to spread: Southern restaurant company Hopjacks created the position in 2012 and the Quality of Life Foundation, an education nonprofit, created one in 2010. The New Republic
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Understanding the Workforce Innovation and Opportunity Act
Finally, a piece of legislation both parties agreed upon; and it's a bonus that it actually promises to be effective. The Workforce Innovation and Opportunity act is an amendment and reauthorization of the Workforce Investment Act of 1998, which supported the nation's primary programs and investments in employment services, workforce development, adult education and vocational rehabilitation activities. The new legislation is the product of a bipartisan, bicameral negotiation between the Senate Health, Education, Labor and Pensions Committee and House Committee. Huffington Post
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House Republicans Are Killing the Dream of Local High-Speed Fiber Internet
The conservative small government movement has gained momentum based on the principle that decisions are best made at a local level, because people know what they want better than the federal government does. So why is a contingent of small government-minded congressional representatives trying to dick over local governments when it comes to high-speed internet access? motherboard.vice.com
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Ultra High-Speed Internet Plan Headed to Louisville Metro Council
A Louisville Metro Council committee Tuesday voted to award three franchise agreements to companies to install the infrastructure needed for ultra high-speed internet access in the city. The measure now goes before the full Metro Council, which could consider it as early as Thursday. wfpl.org
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House Republicans Fight to Stop City-Owned Internet Providers
States should be able to block cities from offering their own high-speed Internet service, as far as Republicans in Congress are concerned. Cities such as Chattanooga, Tennessee, have become groundbreaking examples of what local governments can do to provide high-speed fiber optic networks to residents and local businesses. That city created its “Gig City” operation that’s at least 50 times faster than the national average for $70 a month. Allgov.com
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Why Delta Air Lines Is Fed Up With the "Bank of Boeing"
For decades, U.S. aerospace giant Boeing (NYSE: BA ) has benefited from the support of a little-known U.S. government-sponsored agency called the Export-Import Bank. The Export-Import Bank helps arrange financing for U.S. exports, and Boeing planes represent a large chunk of its financing volume. Motley Fool
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Georgia Lottery announces partnership with Kia Motors
ATLANTA — The Georgia Lottery celebrated its 21st anniversary with a new corporate sponsor Tuesday. Lottery officials traveled to Troup County to meet with West Point’s Kia Motors to announce their partnership. wsbtv.com
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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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