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Obama's last big labor regulation could impact S.C.'s growing aerospace sector
One of the Obama administration's last workplace regulations takes aim at a material common in one of South Carolina's fastest-growing industries. The Occupational Safety and Health Administration published a rule this month that will sharply limit workers' exposure to beryllium, which is widely used in aerospace manufacturing. The new standards likely represent the Labor Department's last significant regulation under President Barack Obama. The metal is lightweight and strong, which makes it well-suited to make items like dental crowns and airplane parts. But when dust from grinding and cutting beryllium gets airborne, even low levels can cause a lung disease without a cure. Charleston Post and Courier
Submitted 4 days ago

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Continued growth sets another record year for San Antonio's housing market
San Antonio's residential market has maintained a steady rise in sale activity and prices and that has resulted in 2016 closing out as another record-setting year, according to the San Antonio Board of Realtors. Over the previous 12 months, the city's residential market posted across-the-board increases in sales activity, average sales price and median sales price — all of which added momentum to the record-shattering year San Antonio had in 2015. San Antonio Business Journal
Submitted 4 days ago

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If Middle Tennessee wants transit, it has to get these people on board
From Gov. Bill Haslam's highly anticipated gas tax proposal to Middle Tennessee's push for enabling legislation to raise local revenue for transit funding, transportation is one of the hottest topics of this year's legislative session. As a result, there might be no committee more powerful than the transportation committee, which was officially announced by both houses on Thursday. Those behind Middle Tennessee's push for enabling legislation could feel some optimism by both Speaker of the House Beth Harwell and Lt. Gov. Randy McNally's committee picks. Nashville Business Journal
Submitted 4 days ago

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Atlanta Fed CEO: ‘No return to normal’ for economy
The economy may be recovering, but the head of the Federal Reserve Bank of Atlanta is hesitant to call it a return to normal. In his 10th and final speech to the Rotary Club of Atlanta, Atlanta Fed President and CEO Dennis Lockhart, who plans to step down Feb. 28, said even though the economy is recovering from The Great Recession, he still feels “some need to resist” calling the current recovery a “return to normal.” Nashville Business Journal
Submitted 4 days ago

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Look all around, and up, for these Nashville developments to watch in 2017
At first blush, it sounded like a simple concept: Let's do a slideshow of the developments to watch this year. All I had to do was scan Crane Watch and Williamson Watch and ... Boy, there continues to be a ton going on in the region. And good luck whittling that down into a slideshow that isn't unwieldy. We did our best to condense Middle Tennessee's boom into this handy guide to what's coming in 2017. The NBJ weighed factors such as dollar amount, location, scale and the impact each project is poised to have on its surroundings. Nashville Business Journal
Submitted 4 days ago

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100 jobs coming to Monroeville, Ala. with MillenniumBlock
Gov. Robert Bentley today announced a $300,000 grant which officials say will be used to create 100 new jobs in the Monroeville area. The money will pay for site and drainage improvements for MillenniumBlok International, Inc., a Colorado-based producer of composite insulated concrete. The company manufactures lightweight, insulated, sound-resistant and fire-resistant products for use during construction. Bentley said the money, from a community development block grant, will help "vital" economic development in a rural community. AL.com
Submitted 4 days ago

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Louisville reportedly a finalist for NBA expansion
An online report says Louisville is "very much in the picture" for an NBA expansion team. According to the website 16winsaring.com, the league could add two teams as early as the 2018-19 season, although the 2019-20 season is more likely, as WDRB.com reports. The report says Seattle and Mexico City are the front runners for expansion. Louisville, Las Vegas and Vancouver also have been "mentioned prominently," according to the report, but "only Louisville is considered a serious contender as it stands right now." Louisville Business First
Submitted 4 days ago

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For KC area, 2016 proves to be an industrial-strength year
The Kansas City-area industrial real estate market set new records in 2016. According to a 2017 Commercial Real Estate Forecast Report from Colliers International’s Kansas City office, the market broke one old record by posting 6.1 million square feet of positive net absorption last year. Absorption, which takes new construction into account, reflects the net change in supply for a given period. The overall vacancy rate in the market climbed by year’s end to 6.9 percent, the highest since the third quarter of 2012. Kansas City Business Journal
Submitted 4 days ago

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TNT's 'Good Behavior' renewal to boost Wilmington, N.C.'s economy
The renewal of TNT’s “Good Behavior” means film crews will soon return to work in North Carolina. The series will continue to use EUE/Screen Gems Studios as it heads into its second season, says Bill Vassar, executive vice president of the Wilmington-based studio. An exact timeline wasn’t given, but he said the show would start production “in the next few weeks.” The show will use Screen Gems' stages, offices, construction shops and wardrobe and prop facilities, he said in an email. “This is great news for the local community,” Vassar said. Triangle Business Journal
Submitted 4 days ago

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North Carolina among states 'least likely to live paycheck to paycheck,' per report
North Carolina is among the states where residents are the least likely to live from paycheck to paycheck, according to a new report by GoBankingRates.com. The report ranks states based on three factors: The Tar Heel State ranks 17th among the 50 states, with median household income of $1,839.62 per paycheck and total leftover income of $805.42 after cost of living expenses. The percentage of leftover income is 43.78 percent. Triad Business Journal
Submitted 4 days ago

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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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