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Historic offshore lease near U.S./Mexico border to benefit South Texas
A historic offshore oil lease near the U.S./Mexico border is expected to benefit ports and cities along the Texas Gulf Coast. Earlier this morning, Mexico's Comisión Nacional de Hidrocarburos awarded BHP Billiton (NYSE: BHP) an offshore farmout for the deep water Trion oil field. Located in the Gulf of Mexico about 120 miles southeast of Brownsville, the Trion field is roughly 8,200 feet deep and is believed to contain 485 millions of barrels of oil equivalent in reserves. San Antonio Business Journal
Submitted 1 minute ago

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Historic offshore lease near U.S./Mexico border to benefit South Texas
A historic offshore oil lease near the U.S./Mexico border is expected to benefit ports and cities along the Texas Gulf Coast. Earlier this morning, Mexico's Comisión Nacional de Hidrocarburos awarded BHP Billiton (NYSE: BHP) an offshore farmout for the deep water Trion oil field. Located in the Gulf of Mexico about 120 miles southeast of Brownsville, the Trion field is roughly 8,200 feet deep and is believed to contain 485 millions of barrels of oil equivalent in reserves. San Antonio Business Journal
Submitted 6 minutes ago

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Louisiana ranked as top business climate for construction
Louisiana was ranked as the best place for commercial and industrial contractors to do business, according to ranking from the Associated Builders and Contractors. The report looks at a variety of factors, such as construction job growth over the past five years, the quality of career and technical education opportunities, workforce development, prevailing wage laws, public-private partnerships and data related to union membership. John Walters, ABC of Louisiana’s vice president of governmental relations, credited lawmakers with supporting right-to-work laws and workforce development initiatives. The Advocate
Submitted 8 minutes ago

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Verizon adding 300 jobs at Alabama call center
Verizon Wireless is planning to hire 300 new employees for its customer service call center at 475 Quality Circle facility in Huntsville. The move comes after the company announced in October it would be moving 175 positions from its government customer operations division, or GCO, in Huntsville to a facility in Hanover, Maryland. While that move is expected to take place in January, while the new Huntsville hires will occur over the next year. Employees affected by the GCO relocation are able to apply for the new customer service positions in Huntsville. Birmingham Business Journal
Submitted 16 minutes ago

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Nucor announces $130 million hollow-steel company acquisition
Continuing a string of recent acquisitions and targeted expansions, Nucor Corp. says it has agreed to buy Southland Tube of Birmingham, Ala., for $130 million. Charlotte Business Journal
Submitted 50 minutes ago

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What does St. Pete’s commitment to 100% clean energy really mean?
St. Petersburg recently became the first city in Florida to commit to 100% clean energy; on MidPoint we talk with members of the Suncoast Sierra Club about renewable energy. Emily Gorman and James Scott are co-campaign managers of the Suncoast Sierra Club’s Ready for 100% St. Pete campaign. Wmnf.org
Submitted 1 hour ago

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Verizon to add 300 full-time jobs at Huntsville call center
Verizon on Monday announced plans to hire up to 300 full-time employees throughout 2017 at its Huntsville call center. The wireless communication company will hold an onsite career fair Saturday at its Huntsville call center at 475 Quality Circle. According to the announcement, career fair attendees will have the opportunity to network with recruiters, leadership and employees from the customer service department and take a tour of the facility. AL.com
Submitted 1 hour ago

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Project at Madison Square Mall site could mean $250 million to Huntsville
The planned mixed-use development at the site of a downtrodden Huntsville mall is expected to net the city more than $200 million in tax revenue, according to a study. The revenue study of MidCity Huntsville, recently completed by Robert Charles Lessor & Co., said that the tax revenue would be generated over a 20-year period, according to Odie Fakhouri, director of RCP Companies, which is developing the project. AL.com
Submitted 1 hour ago

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Austin craft brewery booming, but threatened by distributor rule
Live Oak Brewing Company is a success story 20 years in the making, but a battle over distribution rights could hamper the Austin microbrewery and hundreds like it. Chip McElroy is on the cusp of making it big, small-business style. The owner of Live Oak is celebrating his company’s one-year anniversary in a big new facility after years of making due without one. “We started about 20 years ago on a shoestring budget, and we have bootstrapped our way along for about 18 years,” McElroy told Watchdog. Watchrdog.org
Submitted 1 hour ago

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Louisiana construction business climate ranks best in the nation
A recent study ranked Louisiana’s construction business climate as the best in the nation, allowing for healthy market-driven growth through workforce training incentives and bans on restrictive government programs. Americanpress.com
Submitted 3 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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