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Botetourt approves incentives used to lure 190-job community college center
DALEVILLE — The Botetourt County Board of Supervisors gave final approval Tuesday to an incentives package that helped bring a community college services center — and up to 190 jobs — to Daleville. Roanoke.com
Submitted yesterday

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Mexico is not just “taking jobs” from the US. It’s also adding them
Republican presidential candidate Donald Trump repeatedly lamented the loss of jobs to Mexico during his facedown with Democratic nominee Hillary Clinton on Sept. 26. Putting aside the fact that some of his claims were untrue—the social media folks at Ford had to jump in on Twitter mid-debate to deny Trump’s claim that the car company is leaving the US—his views offer an extremely one-sided view of the relationship Mexico and the US have built under the North American Free Trade Agreement, particularly when it comes to jobs. He didn’t mention, for example, that as a partner under NAFTA, Mexico is also supporting employment in the US. QZ.com
Submitted yesterday

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New warehouse brings 340 jobs to La Vergne
MURFREESBORO, TN— A new regional distribution facility will bring 340 jobs with average wages to Rutherford County, according to discussions at the Industrial Development Board meeting Wednesday morning. Dnj.com
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Texas-Based Company Expands to Springfield Bringing New Jobs to the Area
A new business in Springfield is expected to create 50 new jobs in its first year with plans to add more in the future. According to the Missouri Department of Economic Development, Vital Farms, which specializes in pasture-raised eggs and butter, is expanding into the Springfield region. Ksmu.org
Submitted yesterday

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GG Distributing Co. plans to bring 160 new jobs; opening in former postal service building in Owentown
More than 160 new jobs could come to the Owentown area with the help of a tax abatement incentive. On Tuesday, the Smith County Commissioners Court set a public hearing on offering GG Distributing Co. a five-year, 80 percent tax abatement to set up shop in the former United States Postal Service building near the intersection of Farm-to-Market Road 3311 and Interstate 20. Tylerpaper.com
Submitted yesterday

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Offshore wind is finally — finally! — coming to the U.S. Here’s what you need to know.
A key moment for the future of clean energy in America will take place in the frigid waters of the Atlantic in two months. That’s when the country’s first offshore wind farm will start sending electricity through a submerged cable line to the mainland and into the electrical grid. Sitting three miles off the coast of Block Island, Rhode Island, the farm is supposed to generate enough energy to power 17,000 homes. That may be a tiny number compared to the 23 million homes that the feds want powered by offshore wind by the year 2050, but it’s the precedent that counts. Grist.org
Submitted yesterday

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Amid 170-job expansion, Proto Labs readies to debut Cary 3D manufacturing facility
Two years after entering the North Carolina technology scene with the acquisition of Raleigh-based FineLine Prototyping, Minnesota manufacturing innovator Proto Labs (NYSE: PRLB) is preparing for the grand opening of its new Cary facility. The company, which pledged last year to create 170 new jobs at the site within five years, has made a big bet on 3D printing with the new site, a one-story flex building it purchased last year for just under $5 million. Triangle Business Journal
Submitted yesterday

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Former GM plant in Oklahoma is now hub for aerospace jobs
Workers now assemble massive engines for F-16 Fighting Falcons and KC-135 Stratotankers in a plant that once assembled Chevy Malibus for General Motors. The Oklahoman
Submitted yesterday

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Listen: The Astrodome's $105 million future
An indoor park, a hotel, a pile of rubble - ever since major league baseball left the Astrodome more than 16 years ago, ideas of what to do with the stadium have abounded. Houston Chronicle
Submitted yesterday

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Crestwood to build, operate $180M Permian natural gas system
Houston-based Crestwood Equity Partners will build, own and operate a $180 million natural gas gathering system in Texas’ Permian Basin. As part of Crestwood’s deal with SWEPI, a subsidiary of Royal Dutch Shell, Crestwood has a long-term agreement to gather natural gas in a 100,000-acre swath of land covering Loving, Reeves and Ward counties in West Texas, Crestwood announced. Fuel Fix
Submitted yesterday

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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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