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La. Economic Development Launches 'Come Home, Louisiana' Campaign
MONROE, LA --- A new initiative is kicking off in Louisiana. It aims to spread the message to Louisianians around the country that good jobs are waiting for them, right here at home. Many have probably found themselves in Kristen Hickman's shoes right after college. "Kind of looking for a new adventure," she said. The Ruston native entered the working world after graduating from Louisiana Tech University ten years ago. She didn't want to leave home, but said she felt like she couldn't find the best opportunities at that time. MyArkLaMiss.com
Submitted 6 minutes ago

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Louisiana adds more jobs, though unemployment rate increases in September
Louisiana's workforce continued to set employment records in September, even as the unemployment rate rose, due to more new jobseekers entering the job marketplace. Recent figures from the Louisiana Workforce Commission show total seasonally adjusted nonfarm employment grew by 33,100 from last year to 1,987,900 jobs in September. Private sector employers added 38,900 jobs over the year, a growth rate of 2.4 percent that extended private employers' four-year unbroken streak of over-the-year job gains, according to the LWC. Nola.com
Submitted 11 minutes ago

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Construction labor shortage more severe in Southeast
Construction is rebounding in many states across the country, but labor is not following the resurgence. According to data released this week by the Associated General Contractors of America, 83 percent of firms that responded to a recent survey said they are having trouble finding qualified craft workers to fill open spots, and 61 percent are having trouble filling professional slots like project supervisors and engineers. According to the survey, the Southeast has been hit the hardest by this shortage, where 86 percent of the contractors polled said they had a hard time filling positions with qualified workers. Birmingham Business Journal
Submitted 31 minutes ago

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Mississippi scores another furniture manufacturer
Another furniture manufacturer is heading to Mississippi. Cerritos, Calif.-based Villa International, which makes luxury furniture for motor homes, is moving its manufacturing operations to Belmont, Mississippi, occupying space previously held by Falcon Products. The company is investing $250,000 in the project and will create 75 jobs in the next five years. Villa International provides original furniture to more than 30 motor home manufacturers including Airstream, Fleetwood, Foretravel, Forest River, Gulf Stream, Jayco, Newell, Newmar, Tiffin and Winnebago. Memphis Business Journal
Submitted 34 minutes ago

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Charlotte ranks No. 7 among Urban Land Institute's real estate markets to watch
The Charlotte market has been ranked No. 7 on a list of markets to watch in 2015, up from 16th place last year, according to the 2015 Emerging Trends in Real Estate report, released by the Urban Land Institute and PricewaterhouseCoopers. The rankings of markets to watch is based on how respondents view real estate prospects in each city for investment, development and homebuilding. Charlotte ranked seventh in all three categories and was the highest non-Texas market from the South in this year's survey. Charlotte Business Journal
Submitted 36 minutes ago

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From 80 to 800 -- New Orleans Biotech Company Rides Market Demand
When Renaissance RX was created just two years ago with 5 employees in the New Orleans BioInnovation Center, it might not have guessed that it would grow to employ 800 across the region. Earlier this month the company, whose laboratory offers pharmacogenetic testing and advanced toxicology, announced it will make an $8 million capital investment in a new headquarters location in the Central Business District of New Orleans. Currently the company employs 80 in the New Orleans area. The new expansion will add 425 new direct jobs and an additional 407 new indirect jobs – for a total of more than 800 new jobs in the greater New Orleans region. Industry Week
Submitted 51 minutes ago

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The South's economy rules! Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee -- Best Business States
Whatever Texas is doing, it should keep doing it. Since 1991 the state has held the No. 1 ranking as the top state to do business, according to an industry survey by Development Counselors International (DCI). The Lone Star state was chosen by 49.7% of those surveyed as having one of the most favorable business climates in the nation. The survey, "Winning Strategies”, talks to corporate executives and site selection consultants to get their perceptions of locations across the United States. Florida ranked second with 18.1%; and Georgia and North Carolina tied for third with 17.6% of the votes. South Carolina and Tennessee came in fourth and fifth place, respectively. Industry Week
Submitted 1 hour ago

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Onshoring assisting U.S. furniture industry turnaround
The U.S. furniture industry is starting to rebound from the recession in terms of sales and orders, according to a new report. Still, manufacturers and retailers continue to face challenges, including the sluggish economy, worker shortages, rising labor costs, and shifting consumer buying preferences, according to the report from Anderson Bauman Tourtellot Vos, a turnaround management firm based in Greensboro. The report also noted the trend of on-shoring among manufacturers, noting several reasons for bringing operations back to the U.S., including proximity to customers, access to skilled labor, transportation costs and supply-chain lead time. Triad Business Journal
Submitted 1 hour ago

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Lofty job goal for Houston area drew doubts
When the Greater Houston Partnership announced in 2005 that it was launching an economic development campaign to create 600,000 jobs over the following decade, there was some smirking among local economic observers. The goal, an average of 60,000 new jobs a year, was lofty. Between 1994 and 2004, the Houston had region generated, on average, just 41,800 jobs a year, according to the Texas Workforce Commission. Houston Chronicle
Submitted 2 hours ago

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Texas among 43 states to increase economic activity in September
Economic activity increased in Texas and 42 other states in September — the highest number since January, according to data released today by the Federal Reserve Bank of Philadelphia. Dallas Morning News
Submitted 4 hours ago

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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     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 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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