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New Boeing, SpaceX plan may launch space tourism industry in C. Fla.
Taking the everyday person into space. We've heard billionaire and Virgin Galactic founder Richard Branson talk about the possibility, but it always seemed too out of this world. Not so much anymore, folks. We are going to host a party on the moon ... maybe. NASA's announcement naming Boeing Co. and SpaceX as the agencies to transport astronauts to the International Space Station brings us one step closer to commercialized space tourism and the creation of new tourism business opportunities, said Frank DiBello, CEO with Space Florida. Orlando Business Journal
Submitted 2 days ago

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EDC wooing tech firm that may 'kick off' Orlando's Creative Village
The Metro Orlando Economic Development Commission hopes to announce a tech company expansion in Orlando soon that could spur the Creative Village project in downtown. Creative Village, the planned $1 billion, 68-acre high tech and education-focused development at the site of the old Amway Center, already could get the University of Central Florida and Valencia College as major tenants. At the Commercial Real Estate Women Orlando luncheon Sept. 18, Tracy Turk, director of business development for the Metro Orlando Economic Development Commission, said a possible deal for a tech company is in the works. Orlando Business Journal
Submitted 2 days ago

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Carolina Premium Foods to hire 700 in Siler City, N.C.
Carolina Premium Foods, a Moore County company establishing an antibiotic free chicken processing plant at a former Townsend Chicken facility in Siler City, hopes to hire 700 employees at full-scale production, with 200 anticipated hires by next summer. CEO Brian Thomsen says contracts to distribute antibiotic free chicken are in place with distributors across the country. “We have agreements with distributors to carry 2 million pounds of chicken per week,” he says. “The Siler City plant at full operation for us will generate 3.5 million pounds per week. That’s to distribute to the Northeast, West Coast and Southeast. Our biggest limitation is sourcing organic grain.” Triad Business Journal
Submitted 2 days ago

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Jacoby Development to seek approval for massive redevelopment of Norcross, Ga. plant into a mixed-use campus
Jacoby Development Inc. has filed plans to rezone 107 acres of the OFS Brightwave Solutions plant in Norcross and turn the campus into a giant movie studio and mixed-use project. Founder Jim Jacoby, whose projects have included the conversion of the Hapeville Ford plant into a new headquarters for Porsche Cars North America and a steel mill into Midtown’s Atlantic Station, is tackling another challenging redevelopment in the OFS site. Jacoby Development would seek zoning to redevelop up to 464,800 square feet for a movie studio, 298,870 square feet for a film school, a 310-room hotel and more than 1,000 multifamily units, according to the plans filed with Gwinnett County. The project would transform the current OFS Plant at Jimmy Carter Boulevard and Interstate 85 and have a broader effect on the entire area. Atlanta Business Chronicle
Submitted 2 days ago

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China Tells Domestic Companies -- Go Make Overseas Acquisitions
BEIJING -- China's outbound investment more than doubled in August to $12.62 billion, data showed Tuesday, far outstripping foreign direct investment (FDI) into the country, which fell to a four-year low. China has been actively acquiring foreign assets, particularly energy and resources, to power its economy, with firms encouraged to "go out" and make overseas acquisitions to gain market access and international experience. Officials have said overseas direct investment (ODI) could exceed FDI this year. The 112.1% year-on-year increase in ODI announced by the commerce ministry was a dramatic contrast to the 14% fall in FDI, which sank to $7.20 billion. Both sets of figures exclude investment in financial sectors. Industry Week
Submitted 2 days ago

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Investing in the US is the Rallying Cry of Energy Sector Companies
From 2011 to August 2014 U.S. investments totaled $124 billion, in the form of 196 announcements of new chemical plants or upgrades to existing plants. While it’s not news that the availability of cheap natural gas is attracting investment in the U.S, it is noteworthy to see just how large those investments really are. From 2011 to August 2014 investments totaled $124 billion, in the form of 196 announcements of new chemical plants or upgrades to existing U.S. plants. This is according to the American Chemistry Council as reported by Nanette Byrnes in the MIT Technology Review. Industry Week
Submitted 2 days ago

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Here's why HCL chose Cary - and it wasn't the incentives
HCL could have made more money by bringing those 1,237 jobs to New York. New York offered $56.9 million in incentives. Arizona offered $5.6 million and Texas offered $9.8 million. With state and local incentives, HCL could earn up to $21.37 million in incentives to move here. The candid take of Gov. Pat McCrory, speaking after Indian-based IT firm HCL, a new Global Development Center in Cary, is that the decision comes down to “synergy.” Basically, the more companies that are clustered in North Carolina, the more companies will pay attention to our state as an expansion destination. Triangle Business Journal
Submitted 2 days ago

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HCL: Here's what the 1,237 jobs will entail in Cary
New jobs created at HCL's Global Development Center will be across the spectrum, say HCL execs. Triangle Business Journal
Submitted 2 days ago

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V-Soft follows through on plan to expand headquarters, adding 25 jobs
V-Soft Consulting Group Inc. is following up on its plans to expand its headquarters in Louisville and add 25 jobs. Business First
Submitted 2 days ago

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Breaking News: Another New Zealand company brings U.S. HQ to Austin
A New Zealand software maker has opened a U.S. headquarters in Austin with plans to employ at least 80 workers within two years. Austin Business Journal
Submitted 2 days ago

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Features & Opinion

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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

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By Stacy Randle
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 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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