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Mississippi Gulf Coast casino revenues continue to swell as Poarch tribe seeks Florida casino
As the Poarch Band of Creek Indians seek to build a Las Vegas-style casino just over the Florida border, Mississippi’s Gulf Coast casinos continue to rake in the dough, according to a report. AL.com
Submitted 22 minutes ago

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Haslam: UAW decision could restart talks with VW
Tennessee Gov. Bill Haslam said the United Auto Workers's retreat on appealing the failed union vote at the Volkswagen plant should "help things move along in Chattanooga." He said he hopes to restart talks with Volkswagen soon for the first time since he last met with company executives in January. "I look forward now to the chance to sit down with Volkswagen and have face-to-face conversation and see if we can get another vehicle to be built in Chattanooga," Haslam said. "They haven't come back to us for sure and said, 'We want to build a car there,' so anything else is just speculation." The Tennessean
Submitted 16 hours ago

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UAW drops appeal to NLRB on Chattanooga union vote; talk turns to VW incentives
Assembly of a new vehicle at Volkswagen's Chattanooga plant is now more likely after the United Auto Workers backed off Monday on its appeal of the factory's union vote, an expert says. "Now, VW can plan," said Karl Brauer, a Kelley Blue Book senior analyst, adding that the company couldn't figure production costs on a new sport utility vehicle with uncertainty over the factory's union or nonunion status. The UAW abruptly pulled its appeal for a revote, saying just an hour before a National Labor Relations Board hearing was to begin in Chattanooga that the agency has a "historically dysfunctional and complex process" that could drag on for months or years. Chattanooga Times Free Press
Submitted 16 hours ago

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Toyota Mississippi begins exporting Corollas
BLUE SPRINGS, Miss. – The world’s best-selling car is about to find its way to even more customers. More than 41 million Toyota Corollas have been sold globally since the car’s debut in 1966, and soon, Mississippi-made Corollas will be landing in Central America, South America and the Caribbean. Toyota Motor Manufacturing Mississippi rolled out its first export-bound Corolla on Thursday, the first of 7,500 this year. “This is a significant milestone for us,” said TMMMS Vice President of Administration Sean Suggs. Essentially, this marks the plant’s third model in less than three years. When Toyota Mississippi began production in October 2011, it started with the last-generation Corolla. The latest generation was introduced last summer, and the export version – while sharing the same platform and many components – is tweaked for the new markets. Northeast Mississippi Daily Journal
Submitted 16 hours ago

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Tupelo in TVA Sustainable Communities Program
Tupelo has been accepted to participate in the Valley Sustainable Communities Program, joining 12 other cities in the two-year-old program. Sponsored by the Tennessee Valley Authority and managed by Boyette Strategic Advisors, the VSCP was initiated by TVA Economic Development in 2013. The program was designed in response to more corporations indicating interest in locations where there is an ongoing commitment to sustainable practices. “The goal of the program is to work with communities across the region to help them be ready to compete when economic growth opportunities occur,” said TVA Senior Vice President of Economic Development John Bradley. Northeast Mississippi Daily Journal
Submitted 16 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 16 hours ago

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Mississippi port awaits word on whether Chiquita will stay
GULFPORT -- State port executives and union members are anxiously waiting to find out whether one of four anchor tenants, Chiquita Brands International Inc., plans to stay after its lease expires July 15. Chiquita provides about 1/3 of the union's annual man hours at the port, said Darius Johnson, president of the International Longshoremen Association, Local No. 1303. The port's executive director, Jonathan Daniels, said Chiquita must decide by May 15 whether the company plans to extend its lease for two years. Chiquita recently announced a merger, to be completed later this year, with Irish fruit company Fyffes. Chiquita is analyzing all aspects of its logistics, Daniels said, from shipment points in Central America through distribution. Biloxi Sun-Herald
Submitted 16 hours ago

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Much support, few facts about study to redevelop Louisiana's Avondale Shipyard
The announcement that Huntington Ingalls Industries and Kinder Morgan Energy Partners have agreed to conduct a six-month study to determine a new use for Avondale Shipyard came with much fanfare Friday, but little actual information. Officials at Kinder Morgan, a Houston-based company that specializes in the transport of oil and gas via pipeline, declined to comment on the nature of the study, saying that it is "too early" to discuss specifics. Beci Brenton, a spokeswoman for Huntington Ingalls, which is based in Newport News, Va., but has its own Houston office, said that the study would evaluate the best use of the 75-year-old shipyard and make a determination as to its economic viability. Times-Picayune
Submitted 16 hours ago

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La. could gain as retailers look to build in oil, gas boom towns
A number of retailers are looking to build stores in oil-and-gas towns in Louisiana, North Dakota and Texas, thanks to the boom or expected boom in drilling activity, according to an article in The Wall Street Journal. Home Depot’s only new U.S. store this year is in Minot, N.D., “the heart of the American shale oil and gas boom,” the Journal says. Chief Executive Officer Frank Blake said the impact of shale oil development is one of the great stories happening now. The Advocate
Submitted 16 hours ago

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Is the U.S. Shale Boom Going Bust?
It's not surprising that a survey of energy professionals attending the 2014 North American Prospect Expo overwhelmingly identified "U.S. energy independence" as the trend most likely to gain momentum this year. Like any number of politicians and pundits, these experts are riding high on the shale boom -- that catch-all colloquialism for the rise of hydraulic fracturing and horizontal drilling that have unleashed a torrent of hydrocarbons from previously inaccessible layers of rock. But this optimism belies an increasingly important question: How long will it all last? Bloomberg
Submitted 17 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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