Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
21
Likes

Is Texas still a threat to land Tesla’s gigafactory?
Although Tesla Motors has already started work on at least one potential site, Texas is still “very much in the hunt” to land the company’s coveted battery manufacturing plant, an industry expert says. Tesla Motors’ plan to build the battery “gigafactory” has set off fierce competition for the country’s biggest economic development prize in years. As the five states under consideration intensify efforts to land the factory and its 6,500 jobs, speculation about who holds the lead is rampant and changes by the day. Tesla acknowledged last month it already has broken ground on a potential site in Reno, Nev., where crews have excavated earth for construction. But while Tesla has paid for the work in Reno, the company says it continues to evaluate sites in Texas, Arizona, California and New Mexico. Austin American-Statesman
Submitted 7 hours ago

7
Likes

GM to build Cadillac SRX, add engine in Spring Hill
GM confirmed Wednesday that the next-generation Cadillac SRX will be produced at the GM plant in Spring Hill. The Cadillac SRX is scheduled to begin production late next year and come to market as a 2016 model. GM announced last August that it would spend a total of $350 million and create or retain at least 1,800 jobs at Spring Hill to support expansion of the once-shuttered vehicle assembly line, adding two new midsize vehicles. Those vehicles for Spring Hill were included in negotiations with the UAW for a new contract in summer 2011. This is the first of the planned vehicle announcements. In addition, the company announced it will invest $185 million to make small gas engines at its Spring Hill manufacturing complex, retaining 390 jobs. The Tennessean
Submitted 7 hours ago

9
Likes

Ford has added 300 employees at Louisville assembly plant
Ford Motor Co. has added 300 new employees and invested $129 million in Louisville to build the 2015 Lincoln MKC. The announcement was made Monday afternoon at the Louisville Assembly Plant on Fern Valley Road. Some 4,700 workers now produce Escapes and the new Lincoln at the plant, which has been retooled to allow for flexibility to switch products without the usual down time. The compact luxury crossover is expected to compete with better known small SUV's built by BMW, Audi, Mercedes Benz and other manufacturers. Louisville Courier-Journal
Submitted 7 hours ago

16
Likes

Texas continues to lead in oil sector job growth
Texas has surpassed 300,000 jobs in the oil and natural gas sector as the energy boom drives job growth for a fourth straight year. According to data from the U.S. Bureau of Labor Statistics, Texas gained more than 20,000 oil and gas jobs since July 2013, its largest increase since April 2013. New drilling techniques have opened up vast reserves in South Texas’ Eagle Ford Shale region and starting salaries on rig crews can start around $70,000 a year, according to Houston-based Taylor Consulting Inc. In an effort to capitalize on this growth, Taylor’s real estate division, Third Avenue Development, has acquired a number of real estate properties in West Texas, including a 64-lot bulk purchase near the Clint Shale formation that can be used for temporary housing, public infrastructure or entertainment amenities. San Antonio Business Journal
Submitted 7 hours ago

12
Likes

Wal-Mart grant will help Sanford, N.C. company bring manufacturing back
More details are coming out about the Wal-Mart innovation grant awarded to N.C. State University's College of Textiles program last week. It turns out that a Sanford textile operator, Arden Companies, will be one of the direct beneficiaries of the program, set to receive more than $600,000 from the Walmart U.S. Manufacturing Innovation Fund. According to Sanford city leaders, Arden and the College of Textiles plan to use the grant funds to develop a new digital printing system that could bring Arden's soft goods production back to the United States. Triangle Business Journal
Submitted 7 hours ago

6
Likes

Sealed Air incentives to reach almost $43M in HQ move to Charlotte
Charlotte City Council members OK'd the city's portion of $4.4 million in local government incentives for the Sealed Air Corp. (NYSE:SEE) headquarters relocation Monday night. If all state and local incentives for the deal to bring nearly 1,262 Sealed Air jobs to the Queen City are approved and utilized to their maximum, the price tag for the taxpayers will be $42.9 million. That compares with a $57 million cost for Sealed Air to make the move to Charlotte. The incentives include $36 million over 12 years from the N.C. Jobs Development Incentives Grant program and $2.5 million from the One North Carolina Fund. Charlotte Business Journal
Submitted 7 hours ago

11
Likes

College Football Hall of Fame opens in Atlanta
College football got an early kickoff on Saturday in Atlanta. The new College Football Hall of Fame officially opened its doors to the public in downtown Atlanta at 250 Marietta Street. Dubbed the College Football Hall of Fame & Chick-fil-A Fan Experience, visitors got the first look at the state-of-the-art facility. Birmingham-based Brasfield & Gorrie served as the general contractor for the new facility, which features historic and contemporary artifacts, interactive multimedia displays, children's activities, a theater featuring an originally produced film by the HOF on the history of college football, a 45-yard football field, meeting facilities and special event spaces. Atlanta Business Chronicle
Submitted 8 hours ago

4
Likes

Report: Tech sector continues to fuel Austin's growth
The technology sector is fueling Austin’s rapid growth and it’s projected to continue to do so, according to a Tuesday report by Wells Fargo Securities LLC. The 12-page Texas Economic Outlook cites broad-based economic growth in Austin and a 4.1 percent unemployment rate. Although professional and business services coupled with leisure and hospitality are local strengths, it’s the tech sector that remains the major economic driver, the report states. Apple Inc. (Nasdaq: AAPL), IBM Corp. (NYSE: IBM) and National Instruments Corp. (Nasdaq: NATI) are adding tech jobs as they expand their local operations. Austin Business Journal
Submitted 8 hours ago

0
Likes

CalStar anticipating growth as it gets started in Columbus, Miss.
CalStar threw the switch on its brick and paver manufacturing plant in June to test equipment. In July, employees began making product. Since then, 28 employees have come aboard at the company's Columbus plant in the GTR Global Industrial and Aerospace Park. The 100,000-square-foot facility sits on 23 acres there. This is the Wisconsin-based company's second plant. CalStar Vice President of Manufacturing Michael Telischak said in the plant's infancy, all of the facing units and thru-wall units are being made to order. "There's not a whole lot in the yard, because it's pretty much been going out as fast as we could make it to this point," Telischak said. "We're not making any stock items. Everything is on a project basis until we get a feel for what we could keep in inventory." Columbus Dispatch
Submitted 8 hours ago

6
Likes

ExxonMobil contributed $84.4 million in East Baton Rouge Parish taxes, $144 million in state taxes last year, report says
LSU Economist Loren Scott likened ExxonMobil to a rock, which if dropped into the great pond of the state's economy, creates a ripple effect that could be felt far away in multiple areas. He used this analogy to illustrate the effect ExxonMobil has made on Louisiana's economy in 2013 in a presentation to several elected officials and industry players Tuesday (Aug. 26). "It's a big rock. It's a boulder being dropped into the economy," Scott said. ExxonMobil commissions the economic impact study from Scott every three years, and this year's study included all four plants in the Baton Rouge area, and the Port Allen lubricants plant. NOLA.com
Submitted 8 hours ago

1 2 3 4 5 6 7 8 9 10 ... 3242
 

 

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     
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.


 


 

 

Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2014 Randle Report
All of the South's Business News, Political News, and Economic Development News in One Place
Login