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That's The Randle Report for May 4, 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.
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Speculation about Florida Gov. Rick Scott as running mate increases
Most of the speculation around Gov. Rick Scott's political future has centered on a bid for the U.S. Senate in 2018, when incumbent Democrat Bill Nelson will be up for re-election and facing a Republican-friendly midterm electorate that helped Scott win two terms in the governor's mansion. But there are also growing rumors that Scott might be in the running for a higher-profile position than taking one of 100 seats in the U.S. Senate — that he could instead be the running mate for Donald Trump if the real-estate mogul clinches the GOP presidential nomination, as seems increasingly likely. Tampa Bay Business Journal
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New Orleans still shy of pre-Katrina tourist count, but visitors spending more than ever
New Orleans hosted 9.78 million visitors in 2015, marking yet another year of growth for the local tourism market. Overall tourist spending hit a record $7.05 billion. Stephen Perry, president and CEO of the New Orleans Convention and Visitors Bureau, joined Lt. Gov. Billy Nungesser and other tourism officials Tuesday (May 3) to announce the latest annual profile of the local industry, part of a celebration to kick off National Travel and Tourism Week. The University of New Orleans Hospitality Research Center completes the profile for the industry. NOLA.com
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Tampa Tribune's fate decided
The Tampa Tribune is no more. The paper has been sold to its biggest rival, the Tampa Bay Times, the Times announced on Tuesday. Starting Wednesday, Tribune subscribers will receive the Times, and the Times will honor all subscription and advertising announcements. The Tribune banner will be on the Times' local news sections published in Hillsborough County on Friday and Sunday, similar to the way the Times uses St. Pete Times on its local section in that city. Both websites, tampabay.com and TBO.com, will be maintained. Tampa Bay Business Journal
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Fallout from North Carolina LGBT law worries small business
Small businesses in North Carolina are already losing valuable business because of the new state law limiting protections for gay, lesbian, bisexual and transgender people. Companies that cater to travelers from out of state are already feeling an impact from canceled events or are seeing a drop in inquiries. The Raleigh area will lose an estimated $3.5 million because of four conferences canceled or scaled back since the state legislature passed the bill March 23, according to the Greater Raleigh Convention and Visitors Bureau, and more events might also be canceled. Travel is a big industry in North Carolina, bringing in more than $21 billion in revenue last year. Charlotte Observer
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New census report: D-FW second in U.S. homebuilding last year
It shouldn’t take a government report to say what you already know – we have a construction boom in North Texas. Last year, the Dallas-Fort Worth area had the second-highest residential construction total of any U.S. market, according to just-released data from the U.S. Census Bureau. Builders filed permits for more than 57,000 D-FW homes, apartments, condos and townhouses. Only New York City – with 86,424 building permits – had more residential construction last year. And most of that was new condos and apartments. Dallas Business Journal
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South Texas cities among top 5 best places for Hispanic entrepreneurs
Two South Texas cities ranked among the top five U.S. cities for Hispanic entrepreneurs, and San Antonio finished in the top 20, according to a new study by WalletHub. The study examined the 150 most populated cities in the country and weighed factors like highest median annual income for Hispanics and share of Hispanic owned businesses to come up with the list. Three Texas cities, Laredo, El Paso and Corpus Christi, topped the national list. San Antonio finished at No. 13. San Antonio Business Journal
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Orlando named the best U.S. city for working moms
With Mother's Day rapidly approaching on May 8, Realtor.com did an analysis to identify the best cities for working moms, and Orlando, well, let's just say it loud and proud: We're No. 1! The criteria for the rankings included: Career opportunity: Employment rate of women who have children; median women’s salary; women’s earnings as a percentage of men’s; ratio of female to male top executives; flexibility of work schedule, measured by the average length of women’s workday and the percentage of women working at home. Orlando Business Journal
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In Nashville's development frenzy, these nine projects rise to the top
A record-setting office building, downtown's new amphitheater and a revitalized boot factory are some of the new standard-bearers in a Nashville real estate market that continues to sizzle and siphon money that investors had been targeting to other cities. That's the message from the Urban Land Institute. On Monday night, the Nashville chapter of that industry nonprofit honored nine projects with its annual Excellence in Development Awards, including the three mentioned at the start of this story. Nashville Business Journal
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By the numbers: Mass layoffs in North Carolina slowed in April
While April pink-slip totals impacted more workers than in years past, it’s a decline from how 2016 has been tracking when it comes to overall North Carolina layoffs. As of Monday, a total of 37 notices resulting in 7,041 layoffs had been reported to the state. April alone brought 1,235 layoffs, including nearly 600 in eastern North Carolina — but the monthly layoffs are at the lowest level through four months this year. Charlotte Business Journal
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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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