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Toyota puts its 2M SF California headquarters campus on the market
Toyota Motor North America Inc. has put its Los Angeles-area headquarters campus — which spans 2 million square feet on 110 acres in Torrance and Los Angeles — on the market, as part of its relocation to Plano. The Japanese automaker recently hired JLL to market the California campus. With the campus sitting near the airport and two major ports, JLL Managing Director Jeff Adkison said he expects to see significant interest from buyers attracted by proximity to the Ports of Long Beach and Los Angeles, as well as a high-educated workforce and a desirable southern California lifestyle. Dallas Business Journal
Submitted 15 hours ago

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HISTORY: Alabama auto production races past 10 million mark
For one thing, workers at the Alabama facilities of Mercedes-Benz, Honda and Hyundai combined to build more than 1 million vehicles for the second consecutive year and reached a new record high output. But another major milestone was achieved last year without notice. Alabama’s cumulative auto production — which started when Mercedes began producing the M-Class SUV in Tuscaloosa County 20 years ago this week – surpassed the 10 million mark. Yellowhammernews.com
Submitted 15 hours ago

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Gallup: Alabama has highest percentage of 'engaged' workers
A recent Gallup survey finds that Alabama has the highest percentage of employees nationwide who are engaged in their jobs. According to the survey, 37 percent of the state's employee workforce is classified as engaged, the highest percentage of any state surveyed. Delaware, Kentucky and Louisiana follow at 36 percent, while nine states have 35 percent employee engagement. Seven of those states are in the Southeast. AL.com
Submitted 15 hours ago

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Jobs are left behind as Texas oil fields turn to automation
MIDLAND -- In the land where oil jobs were once a guaranteed road to security for blue-collar workers, Eustasio Velazquez’s career has been upended by technology. For 10 years, he laid cables for service companies doing seismic testing in the search for the next big gusher. Then, powerful computer hardware and software replaced cables with wireless data collection, and he lost his job. He found new work connecting pipes on rigs, but lost that job, too, when plunging oil prices in 2015 forced the driller he worked for to replace rig hands with cheaper, more reliable automated tools. “I don’t see a future,” Velazquez, 44, said on a recent afternoon as he stooped over his shopping cart at a local grocery store. “Pretty soon every rig will have one worker and a robot.” Fort Worth Star Telegram
Submitted 15 hours ago

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Study: Immigrants vital to Tennessee economy
Tennessee is home to more than 322,000 immigrants with nearly $6 billion in annual spending power. That’s according to the bipartisan New American Economy, which released state-specific data Tuesday that highlights the economic contributions of immigrants in their communities. Nashville business and city leaders held a press conference Tuesday to unveil the data and urge state legislators to make Tennessee a welcoming place for immigrants. “First of all, immigrants fill workforce gaps in the economy that are important to maintaining our ongoing prosperity, said Ralph Schulz, CEO of the Nashville Area Chamber of Commerce. The Tennessean
Submitted 15 hours ago

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San Antonio airport sees continued lift in passenger traffic
More than 8.6 million passengers flew into or out of San Antonio International Airport in 2016. The 2016 figure represents a 1.3 percent increase over the 2015 passenger total — a previous record. More impressive is the fact that San Antonio’s airport has continued to see a rise in passenger numbers over seven consecutive years. In December alone, 730,551 passengers passed through the SAT terminals. That’s a new all-time record for the month. San Antonio Business Journal
Submitted 15 hours ago

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By the numbers: RDU starts 2017 with more passengers
Raleigh-Durham International Airport has seen increased traffic in 2017. As of the end of January, RDU had boarded more than 385,000 passengers. That’s nearly a 10 percent uptick from the same time period in 2016, according to the RDU Airport Authority. Of those passengers, nearly more than 9,000 were international travelers, a 27 percent boost over 2016 numbers, likely aided by the new RDU-Paris flight. Triangle Business Journal
Submitted 15 hours ago

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How bad is Orlando traffic? Here's where we rank
Metro Orlando ranks 28th out of 240 U.S. cities for the amount of time drivers spend stuck in heavy traffic. That's according to a new report from Inrix Inc., a Kirkland, Wash.-based tech company that provides traffic data for mobile apps. The company estimates that Orlando drivers spent an average of 31.7 hours last year in congested traffic. Orlando Business Journal
Submitted 16 hours ago

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Trump's Mar-a-Lago visits impacting small airport businesses, report says
President Donald Trump's frequent visits to Mar-a-Lago club in Palm Beach is costing nearby businesses money, reports say. The Secret Service on Friday closed the Lantana Airport for the third straight weekend because of Trump's return to his private club. The Sun Sentinel reported that security measures tied to his visit also shuttered a banner-flying company, maintenance companies and about two dozen other businesses tied to the airport, which is about six miles away from Mar-a-Lago. South Florida Business Journal
Submitted 16 hours ago

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Miami drivers on average spent 65 hours in traffic last year — but that's not as bad as LA
Miami ranks 11th out of 240 U.S. cities for the amount of time drivers spend stuck in heavy traffic. That's according to a new report from Inrix Inc., a Kirkland, Washington-based tech company that provides traffic data for mobile apps. The company estimates that Miami drivers spent an average of 64.8 hours last year in congested traffic. Inrix estimates that traffic congestion costs each Miami driver $1,762 a year, a calculation based on a driver's lost time, additional fuel expenses and the "social cost of emissions," among other factors. South Florida Business Journal
Submitted 16 hours 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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