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"Sizeable share" of new Alabama jobs will be in low-wage sectors, report predicts
Alabama employment numbers saw a slight bump from June 2013 to June 2014 with the addition of 5,200 jobs, according to data from the Center For Business and Economic Research at the University of Alabama at Birmingham. Of the 5,200 new jobs around the state, 2,800 are in the goods producing sector and 2,400 are with service providing firms. The quarterly report also pointed out that Alabama’s construction industry has lost 1,100 employees over the last year, despite building construction and engineering construction firms adding 500 workers each. BizJournals.com
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NC jobless rate inches up to 6.5 percent for July
RALEIGH, N.C. North Carolina's unemployment rate has inched higher for July as the number of people with jobs dipped from the previous month. The state Commerce Department said Monday that the jobless rate increased by 0.1 percentage points to 6.5 percent in July after remaining flat for two months. North Carolina's unemployment rate is slightly higher than the national rate of 6.2 percent. The state rate is also 1.6 percentage points lower than it was a year ago. Charlotte Observer
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Yallywood vs. Hollywood: The battle for TV and film production
California is looking for ways to prevent filming from moving outside of Hollywood and into places like Atlanta. California legislators approved a 5-0 vote by the Senate Appropriations Committee on Aug. 14 that will quadruple tax subsidies for location shooting to $400 million a year and eliminate the lottery system that awards tax credits to TV and film produtions, despite its economic impact. The bill still needs to be passed by the state’s entire Senate and signed by Gov. Jerry Brown, according to the L.A. Times. From 2010 to 2014, The Golden State lost nearly $2 billion in production spending from projects that moved out-of-state, according to a California Film Commission study. Gov. Nathan Deal announced Aug. 5 Georgia’s movie and TV industries generated $5.1 billion in economic impact during the last fiscal year, up from $3.3 billion in fiscal 2013. Atlanta Business Chronicle
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N.C. State’s textiles college awarded first Wal-Mart grant for manufacturing study
N.C. State University’s College of Textiles has been awarded one of the first grants from a $10 million fund established by retail giant Wal-Mart to improve domestic manufacturing processes. Last week, Wal-Mart announced the winning school programs that will each get a cut of the first $4 million to be allocated in 2014. The purpose of the fund is to create new manufacturing processes and ideas that could lead to job creation among U.S. manufacturing plants, stated Michelle Gloeckler, Walmart’s executive president of consumables and U.S. manufacturing,. The fund will provide a total of $10 million in grants over the next five years. Triad Business Journal
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Stone Brewing confirms finalist cities in Ohio, Virginia
Following months of speculation over what city Stone Brewing Co. will choose for its eastward expansion, the California-based craft-beer maker has confirmed that no Carolinas cities are in the running. Spokeswoman Sabrina LoPiccolo said in an email Friday afternoon that Richmond and Norfolk, Va., and Columbus, Ohio, have been chosen as the finalists in the company's search for a location east of the Mississippi River. No further details are available at this time, she said, but a final decision will be announced in the next 30 to 60 days. Greensboro was among a long list of cities buzzing about the expansion when it was announced back in the spring. But as previously reported, Greensboro Mayor Nancy Vaughan said last month that Stone was zeroing in on the Northeast and Midwest, which "automatically locked North and South Carolina out of contention." Triad Business Journal
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IBM exec: An innovation center is coming to the Triangle
Bob Greenberg, site lead for IBM, says an Innovation Center is coming. And it's coming to the Triangle. "Probably not on the campus," he says, referring to Big Blue's sprawling presence in Research Triangle Park. "Maybe Raleigh." So I had to ask if he could share more details. "Not really," he laughs. But he does share some insights from innovation centers elsewhere in the company. He refers to IBM's work in core areas such as analytics. Charlotte Business Journal
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1,000 self-scheduled jobs coming to Mobile, Foley as Event Operations Group expands coastal Alabama presence
GULF SHORES, Alabama – With 1,000 local positions up for grabs, Event Operations Group is hopeful coastal Alabama residents looking for flexible employment might find exactly the right fit through its Gulf Shores regional office. "We've had our Gulf Shores office for some time, but because of new business opportunities in the surrounding area, we decided now was the time to expand to include the Mobile, Foley and Pensacola areas as well," said Katie Beck, a spokeswoman with the Birmingham-based event management, staffing and security firm. AL.com
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Kentucky jumps 45 places in national entrepreneurship rankings
A recent University of Nebraska-Lincoln study shows Kentucky's entrepreneurial environment is improving. The State Entrepreneurship Index ranked Kentucky No. 4 for its ability to create new businesses. Kentucky climbed 45 places from its No. 49 ranking in 2012. Business First
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Georgia-Pacific makes a move in Dallas, upgrades Georgia plywood plant
Atlanta-based Georgia-Pacific LLC (NYSE: GP) is expanding in Dallas, by acquiring a specialty paper packaging company from an investment group, which includes Dallas-based CIC Partners, for an undisclosed sum. Atlanta Business Chronicle
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End of tax credit in North Carolina could send filmmakers packing
The looming end of tax breaks that helped lure major film and television productions such as the Hunger Games and Sleepy Hollow to North Carolina has supporters fearing Hollywood will take its bright lights to states with more generous incentives. Reuters
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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.


 


 

 

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