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US factory output extended solid gains in March
U.S. factory output rose further last month, extending strong growth from February after harsh weather had caused production to tumble in January. Manufacturers produced more furniture, clothing, chemicals and aerospace products. The Federal Reserve said Wednesday that factory production rose 0.5 percent in March after a revised 1.4 percent surge in February. Manufacturing output has climbed a solid 2.8 percent over the past 12 months. CharlotteObserver.com
Submitted 11 hours ago

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Braves, Cobb detail stadium construction schedule
For the first time, the Atlanta Braves and Cobb County have spelled out a detailed schedule for building the team’s planned new stadium near Cumberland Mall. The schedule, included in a request for proposals from general contractors interested in managing the construction project, calls for site clearing to begin in mid-summer and stadium building to begin early next year. AJC.com
Submitted 12 hours ago

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Texas physicians generating billions of dollars in economic impact
Texas physician practices have a profound impact on the state’s economy. A new study released by the American Medical Association finds that there are more than 47,000 practicing physicians in Texas who support in excess of 522,000 additional jobs and generate $78.6 billion in economic activity annually. “The bottom line is that Texas’ physician practices, without a doubt, are good for the economic health of our communities and our state,” says Texas Medical Association (TMA) President Dr. Stephen L. Brotherton. BizJournals.com
Submitted 12 hours ago

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‘China Strategy’ puts Danville, Va., ahead
Danville is well-positioned to attract Chinese businesses and investments in existing businesses, according to consultants who have spent months studying the city’s strengths and China’s needs. David Iwinski Jr., managing director of Blue Water Growth, told Danville City Council on Tuesday night that China is poised to invest $1 trillion in the U.S. in the next year, and while Danville is certainly not the only city hoping to snag some of those dollars, it has done a lot toward getting a foot in the proverbial door. “You’re very early in the curve,” Iwinski said. “Most cities your size are worried about non-global issues.” Danville Register and Bee
Submitted 12 hours ago

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Chinese furniture maker that promised jobs in Danville, Va., closes for restructuring
DANVILLE— A Chinese furniture maker in Danville has closed for restructuring. GOK International has planned to bring 600 jobs to the city, with half of those filled by 2016. The Register & Bee reported that Linwood Wright of Danville's economic development department told local officials of the restructuring on Monday. Another company recruited by GOK's CEO will be taking over GOK's lease. Richmond Times-Dispatch
Submitted 12 hours ago

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Ten more Shining Examples of Economic Development that's working in the South
Each year SB&D uses its project capture data to feature markets in the South that are incredibly successful among their peers in job creation. Here are 10 markets in the South that were cited in our annual Ten Top 10s edition recently.
Submitted 12 hours ago

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FDI Surges in the South: Petrochemicals, automotive and aerospace lead the way
Foreign direct investment (FDI) and the incentives used to attract it played a huge role in the South's founding, as well as the nation's. Countries in Europe paid brave men and women over 400 years ago to hop onto leaky boats to sail to the New World in a quest for one thing: large financial profits. One of those ventures was the Virginia Company of London, a FDI venture launched by King James I who founded Jamestown. Today is no different than 400 years ago, except that there are a whole bunch of different countries investing in the American South. FDI has slowed somewhat since 2008, when foreign nations invested $310 billion, a record surpassed only by the $320 billion invested in 2000 in U.S.-based, foreign-owned business ventures. Southern Business & Development
Submitted 12 hours ago

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Ten exceptional Southern markets to locate your reshored traditional industry
One thing that has gone almost unnoticed in this reshoring event is that a large portion of projects coming back to the South and Mexico – the two preferred locations for reshored projects in North America – are less advanced manufacturing deals such as textiles, apparel, furniture and other general manufacturing. Here are 10 Southern markets that not only are outstanding locations for advanced manufacturing, their histories are also rich in some of the region's most traditional industries. Southern Business & Development
Submitted 12 hours ago

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Ensuring a resilient Delta Region by training a skilled workforce
Throughout the history of the Mississippi River Delta region, one thing has always been constant: a hard-working people ardently dedicated to the land they call home. Since its emergence as an American economic powerhouse in the 19th century, the Mississippi River’s Delta region has experienced economic booms but also many busts. Economic, natural and social hardships and catastrophes have dotted the Delta’s history, such as the Civil War and agricultural mechanization but most recently the growing exodus of manufacturing jobs from America, Hurricane Katrina and the 2008 financial crises. In the face of all these hardships, however, the Delta region and its constant -- the Delta people -- have proven resilient, identifying lessons learned from what was lacking before and during these catastrophes and looking to the future as an opportunity to bounce back and emerge not only alive but stronger. It is through this resilience that the Delta and its leadership have made stronger the necessary infrastructure, social capital and intellectual capacity to weather the next storm. Southern Business & Development
Submitted 13 hours ago

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The Most Southern Place on Earth
In August of 2012, I got lost in the American South's Mississippi River Delta region. I had just visited with Sue McGowan, who heads up economic development in Paragould, Ark., and Kirkley Thomas, who does the same with the Electric Cooperatives of Arkansas. After my Paragould visit, I headed east. It was early evening on Wednesday, August 29, 2012, but the sun was shining bright on that summer day. I was traveling from Paragould to Blytheville, Ark., where I planned to stay the night, and the route took me through part of the Missouri Bootheel. I made a wrong turn and ended up on a dusty road. Regardless, I kept driving since I knew I was at least headed in the right direction, which was dead south. After a few miles I got out of my rental car just to take in the magnificent view of the flat-as-a-board land filled with crops in perfect rows. As far as the eye could see in every direction were soybeans, I think. They were all around me. In fact, the crops and the farmland were so vast I felt consumed by them. I was in the most rural -- maybe the most Southern -- place on earth, I thought. After driving 10 miles or more, I finally found a paved road and I continued on my trek to Blytheville. Southern Business & Development
Submitted 13 hours ago

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Reshoring manufacturing capacity from primarily Asia to the South and Mexico is now a common thing to do and it's all about money. When China joined the World Trade Organization in 2001, the average manufacturing wage in China's Pearl River Delta (PRD) was about 58 cents an hour.

 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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