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Mississippi exports hit $11.4B in 2014
WASHINGTON – Merchandise exports from Mississippi hit $11.4 billion in 2014, new data from the U.S. Department of Commerce shows. The United States as a whole achieved a record high of $2.35 trillion for goods and services exports, according to the data released Thursday. Goods exports supported an estimated 51,000 U.S. jobs in 2013, according to the Commerce Department, contributing to the 11.3 million jobs nationwide that were supported by both goods and services exports that year. On average, jobs in these export-related industries pay up to 18 percent more than nonexport-related industries, the department said. Clarion-Ledger
Submitted 3 days ago

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Charleston, S.C.'s area’s aerospace cluster lifting wages, quality of life across the board
The Charleston area’s growing aerospace cluster, led by Dreamliner maker Boeing Co., is creating a “knowledge economy” that’s boosting employment and wages across the board at a level much higher than the rest of South Carolina, according to economists and employment numbers. “Regions of the country that are high-tech knowledge hubs have the highest wages and employment growth, and Charleston is a case study of that,” said Joey Von Nessen, a research economist at the University of South Carolina whose “Uncovering the Stealth Cluster” report examines the aerospace industry’s impact on the area. Post and Courier
Submitted 3 days ago

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VF Corp. to open jeanswear innovation center in Greensboro, N.C.
GREENSBORO − VF Corp. will open its Global Jeanswear Innovation Center in the Gateway University Research Center Park later this year. The center will focus on innovation in VF Corp.'s jeanswear brands, which include Wrangler and Lee. The Greensboro-based company plans to hire about 30 people, including chemists and engineers, to work at the center. VF Corp. announced last year that it had hired Sudhakar Puvvada as a vice president to lead the center. The company's space within the Gateway research park is about 8,000 square feet, said Craig Hodges, VF's spokesman. Greensboro News & Record
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Scott Safety plans $29M expansion in Monroe, N.C.
Scott Safety announced Friday it is planning a $28.7 million expansion in Monroe, a move that comes with more than $1 million in local, county and state incentives. The company is a division of Tyco International of Ireland. It makes respiratory protection and other life-safety products for police, military, firefighters and other first responders. Scott Safety also will add 67 jobs over five years to its workforce of 515 people. The financial commitment is one of the 10 biggest in Union County since 1996, said Chris Platé, executive director of Monroe-Union County Economic Development. “We’re very pleased,” he said. “They are growing their talent here and they are a great corporate citizen that benefits us in so many ways.” CharlotteObserver.com
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North Carolina officials hope to keep data centers coming
North Carolina is a big draw for data centers, those cavernous buildings filled with armies of computer servers that hold all the songs you download, movies you stream and all your cats-playing-piano videos. And state officials want to keep them coming. Apple, for example, spent $1 billion on one of the world’s largest data centers in the Catawba County town of Maiden. The iCloud may sound like some lofty world of floating data, but Apple’s 505,000-square-foot data center, which opened in 2009, is really where the cloud lives. Greensboro News & Record
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NC senators look to modify McCrory's jobs incentive plan
RALEIGH — Republican state senators voiced concerns this week about a jobs incentive program that Gov. Pat McCrory wants to see significantly expanded within weeks. Next week, the House will begin discussing a bill that doubles the cap on the Job Development Investment Grant, which is largely out of money to lure major employers to the state. The McCrory administration has worked closely with House Republicans to draft the bill, which was filed Tuesday. But the bill could prove a tougher sell in the Senate, where talk has already begun about “modifications” to the program. The House bill changes the name to Job Growth Reimbursement Opportunities, while leaving the incentive terms unchanged. The amount McCrory’s administration could promise by end of the year would increase from $22.5 million to $45 million. Raleigh News & Observer
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Deloitte's tech hiring in Orlando rapidly nears 500
Deloitte’s big hiring spree in Orlando has almost hit 500, or about halfway toward its original goal for its new IT center in Heathrow, according to the company. “Deloitte’s hiring of technology and other professionals is ahead of schedule,” the company said in a statement attributed to Bonnie Barnes, principal, Deloitte Consulting LLP. The world’s largest accounting firm, Deloitte opened its new U.S. Delivery Center in the Orlando region just a few months ago. The rapid hiring of tech professionals has made an impact on the job market, according to local recruiters. Orlando Sentinel
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Georgia exports total $39.4 billion in 2014
ATLANTA — Federal officials say Georgia exported a record amount of goods last year, which factored into the U.S. exporting roughly $2.35 trillion in merchandise total. U.S. Department of Commerce officials said in a statement Thursday that Georgia exports totaled about $39.4 billion in 2014. The announcement came as the Obama administration released data promoting the role of exports in the economic recovery. Commerce officials say Georgia exports supported roughly 202,000 jobs in 2013, and American exports supported about 11.3 million nationwide. Officials say data from the Department of Commerce International Trade Administration says machinery and chemicals were Georgia's leading exports in 2014. AJC.com
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Florida exports reached nearly $59 billion in 2014
Goods exports from Florida reached $58.6 billion last year, helping the U.S. set a record with $2.35 trillion in goods and services exports, the U.S. Department of Commerce reported. Officials said the state's exports helped support about 275,000 jobs. Computer and electronic products led Florida's exports with $14 billion, followed by transportation equipment with $8.7 billion and chemicals with $7.2 billion. Tampa Bay Times
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Texas goods exports reach record level
Goods exported from Texas, many of which travel through the Port of Houston, reached a record $289 billion in 2014. The three biggest sectors were petroleum and coal products ($59.1 billion), computer and electronics products ($46.6 billion) and chemicals ($46.1 billion), according to the Department of Commerce's International Trade Administration. Nationwide, goods and services exports hit $2.35 trillion in 2014, also a record high. Houston Business Journal
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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 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
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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