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German company to open $30M facility in Auburn
The Berghoff Group, a company specializing in mechanical machine processing, announced plans Wednesday for a $30M precision machining plant in Auburn. The facility is projected to employ roughly 100 people over the next five years and is scheduled to come online at some point in 2017. The company plans to manufacture parts for equipment fabrication, semiconductor and aerospace industries. Bergoff machines several high-performance metals in the high-mix, low-volume and high-complexity fields. Birmingham Business Journal
Submitted 2 days ago

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Austin's role in cleantech revolution highlighted in Secretary of State visit
Austin's clean technology industry got some national recognition Wednesday with a visit by Secretary of State John Kerry who said improved energy technology is lowering the price of alternative energy and increasing infrastructure investments. Kerry spent about 90 minutes at the University of Texas’ J.J. Pickle Research Campus where he met with energy industry executives and researchers after touring the laboratories in the Microelectronics Research Center. Several UT officials, including President Gregory Fenves, also attended. Austin Business Journal
Submitted 2 days ago

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Retrofitting Suburbia: Communities Innovate Their Way Out of Sprawl
The suburbs have lost a lot of luster in the past 70 years. What was once hailed as a refreshing alternative to the grittiness of city living has been tugged and pulled and paved into a series of brownfields and vacant parking lots that stretch for miles and miles. Public planners have been predicting “the end of suburbia” for at least a decade now, saying that peak oil will starve out those towns and subdivisions that subsist on sprawl. Yes Magazine
Submitted 2 days ago

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Mississippi Power and Silicon Ranch Corporation Begins Construction On Hattiesburg, Mississippi, Solar Farm
Mississippi Power and Silicon Ranch Corporation started construction on its $100-million solar farm facility that will generate enough electricity to supply 50 mw power to approximately 6,500 homes in Hattiesburg, Mississippi. Area Development
Submitted 2 days ago

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300 jobs to be available at hiring event in Lebanon
A job fair with 13 employers seeking to fill more than 300 positions will be held in Lebanon from 11 a.m. to 2 p.m., Tuesday, at the Jimmy Floyd Family Center, 511 N. Castle Heights Ave. The Tennessean
Submitted 2 days ago

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Hardee's parent to create 100 corporate jobs in Franklin
The parent company of burger chain Hardee's will create more than 100 jobs in Franklin through a relocation of its corporate headquarters from California. The Tennessean
Submitted 2 days ago

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Huntsville is the best city in America for STEM grads
HUNTSVILLE, Ala. — According to a recent analysis by NerdWallet, Huntsville, Ala. is the best city in America for graduates in the STEM fields. In garnering the top spot, the rocket city beat out well-known tech areas such as California’s Silicon Valley and North Carolina’s Research Triangle. Yellowhammernews.com
Submitted 2 days ago

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Aerospace and Defense Industry is vital for U.S. economy.
According to study commissioned by AIA from business information firm IHS Inc., aerospace and defense industry is a vital component of U.S. economy, not solely for the role it plays in national security, transportation, and technological innovation, but also because its influence spans many sectors and every state. Study estimates that industry supported 1.7 million jobs within businesses producing end-user goods and services and within supply chain, and generated $300 billion in economic value. Thomas net.com
Submitted 2 days ago

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Displaced Coal Miners Could Find Future in Aviation Industry
CLARKSBURG, W.Va. — Pierpont Senior Aviation Professor and Robert C. Byrd Aerospace Educator Center Director Tom Stose is thrilled to see a new class of aerospace graduates that have origins in the coal mines. “We all reached out to the displaced coal miners and are helping seven displaced coal miners and one displaced oil and gas worker and a young lady who was displaced from her career field to start a new career in aviation,” Stose said on Wednesday’s edition of “The Mike Queen Show” on the AJR News Network. Stose said the Aerospace Education Center, which trains students in flight technology and maintenance technology, has had a lot of success in placing it’s graduates into entry-level jobs to launch their careers. Wajr.com
Submitted 2 days ago

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SC senate approves $4 billion road-repair plan
The S.C. Senate gave final approval Wednesday to a $4 billion road-repair plan that includes fixing Malfunction Junction. State Rep. Gary Simrill, R-York, expects the Senate proposal, which also includes replacing nearly 400 bridges, to be approved by the S.C. House. Island Packet
Submitted 2 days ago

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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