Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
0
Likes

ServiceSource touts 900 Nashville jobs since 2008
In 2008, a San Francisco-based tech company named ServiceSource expanded to Nashville with 20 employees in an office by the airport. Six years later, ServiceSource's 850 local employees take up eight floors in a downtown tower with the ServiceSource logo on it, and about 50 more employees are expected to join in the coming months. The Tennessean
Submitted 4 days ago

14
Likes

California takes on Texas in fight to attract and retain businesses
When California rolled out a $750 million plan this year to attract and retain businesses, many aspects mirrored longtime perks used by Texas, where officials love nothing more than stealing jobs from the Golden State. For more than a decade, Gov. Rick Perry has touted the “deal-closing” Texas Enterprise Fund and other cash incentives as a “job-creation machine.” A fifth of the companies that Texas attracted during the last funding cycle, in 2011 and 2012, were based in California. Now California is firing back. In the state’s first tax credit awards in June, more than 40 percent of the $29 million package went to companies that have gotten similar offers from Texas: Samsung, Petco and Amazon. But as California embarks on a major effort to woo businesses, a decade’s worth of experience in Texas raises questions about the wisdom of buying jobs from corporations with taxpayer dollars. Dallas Morning News
Submitted 4 days ago

18
Likes

Tesla Gigafactory price tag may be too high for California
Budget watchdogs are urging five states, including California, to not give away the store to lure the new Tesla gigafactory. The budget experts have written a joint open letter to the five states recommending they not offer too much in tax breaks or economic incentives to snag the large battery production facility, according to a story in the Contra Costa Times. "This process is so crazy. Tesla is in the driver's seat on this and five governors are falling over themselves," Chris Hoene, executive director of the California Budget Project, told the Times. "The gigafactory is a big fish to land, but it's a pretty high price to pay." Dallas Business Journal
Submitted 4 days ago

17
Likes

US economy grew at brisk 4.2 pct. rate in Q2
WASHINGTON After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly faster than it had first estimated. The upward revision supported expectations that the second half of 2014 will prove far stronger than the first half. The Commerce Department's second estimate of growth for last quarter followed its initial estimate of 4 percent. The upward revision reflected stronger business investment than first thought. The seasonally adjusted 4.2 percent annual growth rate for the gross domestic product — the nation's total output of goods and services — came after the economy had shrunk at a 2.1 percent annual rate in the January-March quarter. Charlotte Observer
Submitted 4 days ago

4
Likes

Lake Charles, La., leads nation in construction employment growth
Lake Charles added the highest percentage increase of construction jobs for metropolitan areas between July 2013 and 2014. The most recent figures released by the Associated General Contractors of America show Lake Charles posted a 27 percent increase in construction employment over the last 12 months. The city added 2,900 construction jobs to last year's 10,600 to make 13,500 employed in the construction field in Lake Charles by July 2014. The state of Louisiana added seven percent, or 9,000 jobs to its July 2013 figure making 139,900 construction jobs in July 2014. NOLA.com
Submitted 4 days ago

22
Likes

Kentucky's Mandy Lambert: Foreign investment, job retention among state's priorities
Mandy Lambert says the state of Kentucky has a multifaceted approach to the business industry. Lambert is the business development commissioner for the Kentucky Cabinet for Economic Development in Frankfort. Earlier this week, she told me that the state labors diligently to recruit new businesses and industries, but it works just as hard to nurture relationships with existing companies to retain them and their jobs and to promote expansion. Furthermore, she said, the cabinet is dedicated to helping startup companies expand their footprints while offering advice to budding entrepreneurs. I spoke to Lambert as part of a cover story for an upcoming Business First weekly edition that will examine the tax incentives that were preliminarily approved by the Kentucky Economic Development Finance Authority in the latest fiscal year. KEDFA is the overriding authority overseeing the state's incentive, grant and loan programs for businesses. Business First
Submitted 4 days ago

14
Likes

Texas economic activity improved in June
The Texas Economic Activity Index grew 1.1 percentage points in June, according to Comerica Bank. The index’s June reading of 111.9 is 40 points, or 56 percent, above the index cyclical low of 71.7. The index averaged 105 points for all of 2013, three points above the average for 2012. “Our Texas Index improved again in June, up 9 out of the last 10 months,” says Robert Dye, chief economist at Comerica Bank. “Steady gains in our Texas Index highlight the remarkable period of economic expansion that Texas is now enjoying. Payroll employment in Texas has increased for 46 consecutive months through this July. Austin Business Journal
Submitted 4 days ago

12
Likes

Interactions Corp. plans to hire 1,000 in major Austin expansion
Interactions Corp. plans to add 1,000 new workers in Austin by the end of 2015 to support its growing customer base, according to company officials. The Franklin, Massachusetts-based company provides services intended to ease frustration with automated voice and text customer service systems. Interactions Corp. claims clients that include Hyatt Hotels Corp., Humana Inc., and TXU Energy. Here in Austin, the company works out of the same office building near East Rundberg Lane and I-35 that Rackspace Inc. plans to vacate when it shifts operations to the redeveloping Highland Mall. Austin Business Journal
Submitted 4 days ago

8
Likes

PNC: Raleigh on the cusp of becoming music festival destination
This fall, a number of large and small music festivals will take over Raleigh, and PNC Bank - a main sponsor for some of these events - is feeling the momentum. Last year, when the International Bluegrass Music Association announced Raleigh as the new destination for the World of Bluegrass festival, PNC jumped at the chance to sponsor the event. “I didn’t wait for the proposal to come across my desk,” says Rebecca Quinn Wolf, foundation management and sponsorship executive at PNC. “We knew that it was something new and original to the city of Raleigh.” Triangle Business Journal
Submitted 4 days ago

2
Likes

New Atlanta airport master plan eyes new gates, sixth runway
New gates, a doubling of parking capacity and a sixth runway highlight a new master plan for Atlanta’s airport unveiled by airport officials Wednesday. Miguel Southwell, aviation general manager at Hartsfield-Jackson Atlanta International Airport, and the airport’s chief planner outlined a series of short- and long-term improvements recommended in the new 20-year master plan during a presentation to the Atlanta City Council’s Transportation Committee. Short-term projects, to be undertaken during the next two to three years, include replacing the north and south parking garages at the airport, built in the 1970s, with new garages. Increasing the number of floors in the new garages from the current four to eight or nine will allow the airport to double its on-site parking capacity, said Tom Nissalke, the airport’s planning director. Atlanta Business Chronicle
Submitted 4 days ago

1 ... 4 5 6 7 8 9 10 11 12 13 ... 3254
 

 

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     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 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.


 


 

 

http://www.cldlink.org
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2014 Randle Report
All of the South's Business News, Political News, and Economic Development News in One Place
Login