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China Moves Into U.S. Wind Sector
Chinese wind turbine maker Goldwind announced that it bought the Rattlesnake wind power project in Texas from Renewable Energy Systems for an undisclosed amount, making this the Chinese giant’s largest project in the United States and the a key to its future growth strategy. Oilprice.com
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American wind power sets sights on doubling in five years
By continuing to advance technology and lower costs, wind power, America’s fastest growing new source of electricity, will stay on pace to grow to supply 10% of U.S. electricity by 2020. That’s according to leading wind energy executives during this week’s American Wind Energy Association’s WINDPOWER 2016 Conference and Exhibition, as thousands of attendees continued to file into the Western Hemisphere’s largest wind energy industry event all year. Windpowerengineering.com
Submitted 5 minutes ago

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Help coming to Louisiana's laid-off oil, gas workers
An effort is underway in the Bayou Region of Louisiana to help workers affected by oil and gas industry downsizing to find training options and new jobs in south Louisiana. BayouOpportunity.com, a new website, will serve as a gateway to employment opportunities. NOLA.com
Submitted 10 minutes ago

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Atlanta economy a high mix of growth economies
I write all the time about what local communities are doing to improve their living and working environments. But it occurred to me last week that maybe it's time to step back and consider Metro Atlanta as a whole. Atlanta is home to the headquarters of 13 Fortune 500 companies and 4 Fortune 100 companies that include Home Depot, UPS, Coca-Cola and Delta Air Lines. The next 6 largest include Southern Company, Genuine Parts, First Data, HD Supply Holdings, SunTrust Banks and Coca-Cola Enterprises. It hosts 23 Fortune 1000 companies. Revueandnews.com
Submitted 15 minutes ago

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New Logistics And Distribution Center Bringing 110 Jobs To Georgia
Polymer Logistics, a retail ready packaging company, will create 110 new jobs and invest more than $4 million in a new 73,500-square-foot logistics and distribution center in Dublin, GA. Business Facilities
Submitted 20 minutes ago

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Sunrise clears way for $61 million city hall, water park
City Hall has a date with the wrecking ball. But first, Sunrise has to hire an architect and contractor to build a new municipal campus with a 100,000-square-foot City Hall, $10 million water park, expanded amphitheater and 800-space garage. Sun-Sentinel
Submitted 25 minutes ago

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Cocoa hopes to lure Walmart distribution center, jobs
Hundreds of jobs could come to Cocoa, as the city tries to strike a deal with Walmart. State Road 524 near Interstate 95 has long been seen by the city as an area ripe for commercial growth. The city is now putting millions of dollars of cash on the table, to incentivize retail giant Walmart build a distribution center at the location. Fox35orlando.com
Submitted 30 minutes ago

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Italian manufacturer plans new Bay Minette facility, creating 70 jobs
The U.S. subsidiary of an Italian company is investing $1.5 million in a manufacturing plant in Bay Minette, creating 70 jobs. Morganton Pressure Vessels, the North American arm of parent company, Italy-based Baglioni Group SPA, produces compressed-air systems. Globally, the company has 11 locations and 800 employees in Europe, North America and China. Alabamanewscenter.com
Submitted 35 minutes ago

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House Speaker Mike Hubbard made nearly $2.3 million off state position, prosecutors say
Prosecutors claimed Tuesday during opening statements in the ethics trial of Alabama House Speaker Mike Hubbard of Auburn that he illegally made nearly $2.3 million off his state position. The defense denied any wrongdoing and called the felony indictment "a bunch of mumbo-jumbo." AL.com
Submitted 45 minutes ago

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That's The Randle Report for May 24, 2016
Join us again tomorrow 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 to find any story you need to find from last week, last month, last year or several years ago. Click on the headline above to access Southern Business & Development's website, the economic development magazine of the American South; the fourth largest economy in the world.
Submitted 16 hours ago

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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