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Empire of Cotton
By the time shots were fired on Fort Sumter in April 1861, cotton was the core ingredient of the world’s most important manufacturing industry. The manufacture of cotton yarn and cloth had grown into “the greatest industry that ever had or could by possibility have ever existed in any age or country,” according to the self-congratulatory but essentially accurate account of British cotton merchant John Benjamin Smith. By multiple measures—the sheer numbers employed, the value of output, profitability—the cotton empire had no parallel. The Atlantic
Submitted 2 days ago

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Could cheap oil help fix U.S. roads?
Americans have seen a boost in their spending power this winter and it's thanks in part to the free fall in oil prices, which have plunged to a five-year low. And similar to individual consumers, entire countries are deciding how to take advantage of the massive savings on oil. Austin American Statesman
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The 5 Business Stories That Made 2014 A Memorable Year
As the year's end approaches, economists are looking back and assessing the news stories that shaped 2014. Though their lists may vary, most analysts are pointing to five developments that had very big impacts on the U.S. economy. These were the biggies for 2014: NPR
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6 industries that can’t find workers fast enough
Companies are clearly looking for employees — in the first nine months of 2014 alone, companies created roughly two million new jobs — but they aren’t always able to fill their open positions quickly. And that’s costing them big time — nearly $160 billion a year, according to research conducted by the Centre for Economic and Business Research and job site Indeed.com. Marketwatch.com
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Surging economy is best gift for Christmas
The gift millions of Americans would like for Christmas is a fast-improving economy. And it’s looking more and more like they are getting it. The latest batch of economic reports in a holiday-shortened week is likely to underscore the progress made by the U.S. as 2014 comes to a close. Consumer spending in November probably surged as the holiday season got underway. Business investment may have rebounded last month after hitting a soft patch in the early fall. Inflation is in retreat. And the third quarter may have grown sharply faster than previously reported. Marketwatch.com
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UTC Aerospace Systems Recognized as Gold Supplier by the Defense Logistics Agency
CHARLOTTE, N.C. -- UTC Aerospace Systems has been recognized as a Gold Tier supplier for the Defense Logistics Agency (DLA) as part of the Department of Defense's Superior Supplier Incentive Program (SSIP). The Gold Tier includes the DLA's highest performing suppliers for 2013-2014 measured in areas such as cost, schedule, performance, quality and business relations. UTC Aerospace Systems is a unit of United Technologies Corp. UTX, +0.91% Marketwatch.com
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How low can gasoline go?
HOUSTON — For nearly three months, consumers across the country have enjoyed a welcome site: fuel prices that decline daily. Nationally, the average price of unleaded gasoline has declined every single day for the last 82 consecutive days, according to a FuelFix analysis of data compiled by AAA. But that streak may be coming to an end. Fuel Fix
Submitted 2 days ago

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Missouri sees lowest jobless rate since 2008
The state's November unemployment rate reached 5.6 percent, according to a jobs report last week by the Missouri Department of Economic Development. That rate is three-tenths of a point below October's rate and according to a news release, the lowest since May 2008. The state gained 4,500 nonfarm payroll jobs in November and 42,200 in the past year. semissourian.com
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Missouri to increase minimum wage on Jan. 1
JEFFERSON CITY, Mo. (AP) - Missouri's low-wage workers are getting a small pay hike in 2015. Starting New Year's Day, the state's minimum wage will increase by 15 cents to $7.65 an hour. The minimum wage for tipped workers in Missouri will rise by 9 cents to $3.83 per hour. kshb.com
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Another company stops oil drilling in Mississippi due to falling prices
MCCOMB, Mississippi -- A second oil company is stopping drilling in the Tuscaloosa Marine Shale because of falling oil prices. Comstock Resources, based in Frisco, Texas, said Thursday that it would stop drilling in the oil region, which straddles the state line between southwest Mississippi and Louisiana's Florida Parishes. Gulflive.com
Submitted 2 days ago

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 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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