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That's The Randle Report for October 22, 2014
Join us again tomorow morning for all of the American South's business, economic development and political news in real time and in one place. Use the sort buttons or the search window above to find your favorite stories from yesterday, last week, last month or last year. Click on the headline to access Southern Business & Development magazine.
Submitted 21 minutes ago

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The South's economy rules! Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee -- Best Business States
Whatever Texas is doing, it should keep doing it. Since 1991 the state has held the No. 1 ranking as the top state to do business, according to an industry survey by Development Counselors International (DCI). The Lone Star state was chosen by 49.7% of those surveyed as having one of the most favorable business climates in the nation. The survey, "Winning Strategies”, talks to corporate executives and site selection consultants to get their perceptions of locations across the United States. Florida ranked second with 18.1%; and Georgia and North Carolina tied for third with 17.6% of the votes. South Carolina and Tennessee came in fourth and fifth place, respectively. Industry Week
Submitted 26 minutes ago

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The South's new No. 1 competitor for manufacturing jobs: Low-Cost Manufacturing Locales -- It's All About Growth in Mexico
Wholesale relocation to other parts of the world with lower labor costs is clearly a prominent and irreversible economic condition that changes how we manufacture and trade goods. At the same time, an equally important trend, that of expansion of production, deserves consideration as well, with a focus on growing the overall pie, rather than moving slices from one country to another in an effort to cut costs. Both relocation and expansion of manufacturing offshore have evolved greatly over the past 20 years or so. Because Mexico is our company’s area of specialization, we can use that country to illustrate effects of this shift. Industry Week
Submitted 31 minutes ago

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From 80 to 800 -- New Orleans Biotech Company Rides Market Demand
When Renaissance RX was created just two years ago with 5 employees in the New Orleans BioInnovation Center, it might not have guessed that it would grow to employ 800 across the region. Earlier this month the company, whose laboratory offers pharmacogenetic testing and advanced toxicology, announced it will make an $8 million capital investment in a new headquarters location in the Central Business District of New Orleans. Currently the company employs 80 in the New Orleans area. The new expansion will add 425 new direct jobs and an additional 407 new indirect jobs – for a total of more than 800 new jobs in the greater New Orleans region. Industry Week
Submitted 36 minutes ago

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Georgia poll: Races for governor, Senate too close to call
With just two weeks to go until Election Day, the race between incumbent Gov. Nathan Deal and Jason Carter, and the U.S. Senate race between Michelle Nunn and David Perdue are too close to call, according to a new poll conducted by Survey USA for Atlanta Business Chronicle broadcast partner WXIA-TV. The poll shows Democrat Senate hopeful Michelle Nunn with 46 percent of the vote, while Republican David Perdue has 44 percent, the station reports. Libertarian Senate candidate Amanda Swafford polled at 4 percent, not quite enough to determine if her presence in the race will force a runoff election, WXIA adds. Atlanta Business Chronicle
Submitted 41 minutes ago

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State Unemployment Rates Tilt In Favor of Colorado, Florida Governors
The campaign offices of Colorado Gov. John Hickenlooper and Florida Gov. Rick Scott received good news this morning: the unemployment rates in their states edged down last month, the final such measure before the Nov. 4 election. The health of the local labor market is an important issue in several closely contested governor’s races this fall. The Labor Department data released Tuesday will likely be touted by candidates seeking to woo voters in the final weeks of the campaign. The unemployment rate in Colorado fell to 4.7% last month from 5.1% in August. Mr. Hickenlooper, a Democrat, is locked in a close race with Republican candidate Bob Beauprez. In Florida, the jobless rate fell to 6.1%, the lowest reading since Mr. Scott, a Republican, was elected in 2010. The state’s economy is a key issue in his race against former governor and current Democratic candidate Charlie Crist. The state’s unemployment rate was 11% when Mr. Crist left office. The Wall Street Journal
Submitted 46 minutes ago

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Where Should Supply Management Report in a Manufacturing Organization’s Hierarchy?
A previous blog, “Should Procurement Have a Seat at the Table?” is directly related to the question of organizational structure. Consequently, the issue presented in the title to this blog is one that is loaded with emotion. Perhaps the best way to both defuse this emotion and determine manufacturing’s optimal procurement function reporting structure is by identifying and eliminating those functional areas that should definitely be avoided. Even if this process does not result in a “last man standing” scenario, it will certainly reduce the options. Industry Week
Submitted 51 minutes ago

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Louisiana’s Mary Landrieu Battles Red Tide in Senate Re-Election Bid
NEW ORLEANS—Louisiana Sen. Mary Landrieu , crucial to the Democrats’ aim of keeping control of the Senate, is spending the home stretch before November’s vote campaigning more like an anxious challenger than a seasoned lawmaker in her 18th year in office. In recent weeks, Ms. Landrieu has been pressing her main Republican opponent, Rep. Bill Cassidy, for more debates—a rare position for an incumbent. Most polls show Ms. Landrieu trailing Mr. Cassidy, a congressman and doctor from Baton Rouge, in a head-to-head race. Ms. Landrieu, 58 years old, is the only Democrat to hold statewide elected office in Louisiana. The GOP controls the state Legislature and all state executive offices. In the 2012 presidential contest, Republican Mitt Romney carried the state with nearly 58% of the vote, compared with President Barack Obama ’s roughly 40.5%. The Wall Street Journal
Submitted 56 minutes ago

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China’s Slowdown Raises Pressure on Beijing to Spur Growth
BEIJING—China’s economic slowdown is widely expected to continue into next year, increasing pressure on Beijing leaders to take more-strenuous growth-spurring measures and to continue moving slowly on their plans for fundamental economic reform. On Tuesday, China reported that gross domestic product expanded at 7.3% in the third quarter from a year earlier, the slowest rate of growth in more than five years, as deepening problems in the housing market, sluggish retail sales and expanding debt weighed on the economy. Many analysts were expecting weaker growth and greeted the results as positive news, but few predicted a pickup in the coming quarters. UBS economist Tao Wang said she expected growth to continue “decelerating” in the fourth quarter to 7%. She forecasts full-year growth at 7.3%—compared with 7.7% last year—and a decline to 6.8% in 2015. Monetary easing is unlikely to “rejuvenate corporate investment demand” or reverse the property slump, she wrote in an analyst note. The Wall Street Journal
Submitted 1 hour ago

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China GDP Growth Rate Is Slowest in Five Years
BEIJING—China’s economy in the third quarter grew at its slowest pace in five years as it battles a slumping real-estate market and weak domestic demand and industrial production. The results on Tuesday make it increasingly likely that China will miss its annual growth target for the first time since 1998, in the midst of the Asian financial crisis. Chinese leaders in recent months have at times emphasized that their target is an approximate one, of about 7.5%, and that a level slightly below that figure is acceptable to Beijing. The Wall Street Journal
Submitted 1 hour ago

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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     
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

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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