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Atlanta to revive idea of privatizing airport security screening, says mayor
Atlanta Mayor Kasim Reed, on the heels of dismissing the manager of the world’s busiest airport, said he wants to take a closer look at privatizing security screening at the Atlanta airport to address the issue of long lines. Reed said at a press conference discussing the removal of Miguel Southwell as general manager of Hartsfield-Jackson International that he was upset about the long lines at the airport, but added that it was a “layering” of factors contributing to his decision on the airport manager. Reed appointed the airport’s chief financial officer Roosevelt Council as the interim general manager at Hartsfield-Jackson. AJC.com
Submitted yesterday

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Mayor Reed: Long lines an 'element' in dismissal of Atlanta airport chief
Long security lines at Hartsfield-Jackson Atlanta International Airport were a factor – but not the sole reason – behind the firing of airport General Manager Miguel Southwell, Atlanta Mayor Kasim Reed said Monday. During an hour-long news conference to talk about the weekend dismissals of both Southwell and Jo Ann Macrina, commissioner of the Department of Watershed Management, Reed said airport lines at other major U.S. airports including LaGuardia Airport in New York City and Los Angeles International Airport aren’t nearly as long as what travelers are facing at Hartsfield-Jackson. Atlanta Business Chronicle
Submitted yesterday

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Louisiana's Calcasieu Ship Channel cost is skyrocketing
The Calcasieu Ship Channel drives Southwest Louisiana’s oil, gas and chemical industries. That means it drives Southwest Louisiana’s economy, said Port of Lake Charles Director Bill Rase. “Our area has over $40 billion in projects under construction to date — I don’t think a lot of people recognize that — and there’s a lot more to come,” he said. “Every bit of this new growth depends upon the ship channel being here and at its authorized dimensions of 40 feet deep by 400 feet wide.” Without the ship channel, Rase said, “none of this exists.” Rase said 46 percent of the Lake Area metro economy depends on the health of the ship channel. By 2023, the projected economic expansion tied to the channel is forecast to increase channel-dependent local revenue by nearly 80 percent. American Press
Submitted yesterday

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Texas Rangers, City of Arlington swinging for a $1B ballpark
The Texas Rangers and the City of Arlington are considering the development of a new $1 billion enclosed ballpark through a public-private partnership where the baseball club and the city would each pay for half of the sports complex. The deal is subject to city council approval and is slated for consideration at Tuesday's city council meeting. The public-private partnership would also need public buy in with a November election asking voters to extend an existing funding mechanism to publicly finance the project. Dallas Business Journal
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Manufacturer signs big lease in Fort Worth for headquarters expansion
Fort Worth-based Quorum International, a manufacturer of light fixtures and accessories, has decided to expand its North Texas headquarters and distribution center within an industrial park to accommodate its growing business. The company has been a longtime tenant of Fort Worth's Railhead Industrial Park and decided to expand its operations by 101,000 square feet at 400 Railhead Rd., which brings its total footprint in North Texas to 305,000 square feet. Dallas Business Journal
Submitted yesterday

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Dave Matthews Band weighs in on upcoming Charlotte concert as HB 2 battle continues
Ticket holders to an upcoming Dave Matthews Band concert in Charlotte can rest assured that the show will go on as planned, despite HB 2. The band released a statement this morning that said a portion of proceeds from the concert this Friday at PNC Music Pavilion will be donated to the American Civil Liberties Union, Lambda Legal, ACLU of North Carolina, Equality NC and Time Out Youth — the former four of which filed a federal lawsuit challenging HB 2 shortly after the law's passage in late March. Triad Business Journal
Submitted yesterday

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The productivity paradox: Why the US economy might be a lot stronger than the government is saying
High productivity growth is the key to higher living standards. But US productivity growth has been extremely slow coming out of the Great Recession. Since 2010, it’s averaged just 0.5% or so — only a fifth of the average postwar pace of 2.3%. The difference in those rates is the difference between the economic pie doubling every 31 years, notes IHS Global Insight, vs. every 144 years. And when combined with slow labor force growth, slow productivity is one reason some economists think America’s 2% economy might downshift into a 1% economy. Ael.org
Submitted yesterday

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Why a B-Minus Economy May Be Causing a Turbulent Election
The boring economy seems to be making this presidential race even more exciting. And uncertain. The economy has reliably been one of the most important factors influencing a presidential election. A strong economy helps to keep the party in power in power. A weak economy tends to cause voters to want to change the residents of the White House. But right now, the economy could be best described as moderately, perhaps deceptively, successful. New York Times
Submitted yesterday

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Coca-Cola marks 130 years in Atlanta with slideshow of its nine headquarters
The Coca-Cola Co. (NYSE: KO) in May marks its 130th anniversary as an Atlanta-based company. But where has it been based physically within the city for more than one century? Atlanta Business Chronicle
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The Battle Against Brain Drain in South Florida
Over 20,000 students received their undergraduate, graduate and professional degrees this spring from South Florida colleges and universities. Not all of these new degrees will wind up being put to work in South Florida’s job market. Some will go back to school. Some will leave and some will stay. Why? Wgcu.org
Submitted yesterday

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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