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Fireworks business booming in Georgia
Demand for fireworks is blowing up in Georgia, where the explosive commodity just became legal. Jacksonville Business Journal
Submitted 2 days ago

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Yahoo Travel: N.C. has one of top 10 small-town 4th of July celebrations
Southport has one of the 10 best small-town Fourth of July celebrations in the U.S., according to Yahoo Travel. Charlotte Business Journal
Submitted 2 days ago

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MGM Resorts eyeing Atlanta for casino
MGM Resorts International is interested in building a $1 billion casino resort in downtown Atlanta that would create 3,500 permanent jobs, the General Assembly’s leading economic development policy maker said Thursday. Atlanta Business Chronicle
Submitted 2 days ago

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OUT to LUNCH
The Randle Report is breaking for lunch and making way for a new editor shift. Click on the headline above to access Southern Business & Development's Web site for more detailed information on economic development in the South. Posts will resume at 1:30 pm CDT.
Submitted 2 days ago

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N.C. wins $5.25M grant to train train job seekers
RALEIGH - A $5.25 million federal grant will help North Carolinians prepare for jobs in high-demand occupations, the N.C. Department of Commerce announced last week. The money will be used to create and implement a new program called NCWorks Certified Career Pathways, the announcement say. Fayobserver.com
Submitted 2 days ago

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The jobs report is missing something big
It's time the "sharing" workforce came out of the shadows. From the tax code to the monthly jobs report to the whole premise of "retirement," America's concept of work is dangerously stuck in the 20th century. CNBC
Submitted 2 days ago

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Alabama to receive $2.3 billion in BP oil spill settlement
Alabama will receive $2.3 billion in a settlement with BP for environmental ane economic damages resulting from the 2010 Deepwater Horizon Oil spill, officials announced today. Gov. Robert Bentley and Attorney General Luther Strange made the announcement at the State Capitol. AL.com
Submitted 2 days ago

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Bondi: Florida to receive $3.25 billion from BP over Gulf oil spill
Florida will receive more than $3.25 billion, as part of an $18.7 billion settlement that Gulf states reached with BP over damages from the 2010 Gulf of Mexico oil spill. Florida Attorney General Pam Bondi announced the settlement in a news conference today at the Port of Tampa. Tampa Tribune
Submitted 2 days ago

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BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill
NEW ORLEANS — The Gulf Coast states and the federal government have reached a tentative settlement with BP for the British oil company to pay $18.7 billion over 18 years, to compensate for damages from the 2010 Deepwater Horizon oil spill, state officials said Thursday. New York Times
Submitted 2 days ago

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UNEMPLOYMENT AT A 7 YEAR LOW
WASHINGTON (AP) — U.S. employers added a solid 223,000 jobs in June, and the unemployment rate fell to 5.3 percent, a seven-year low. The numbers reflect a job market moving close to full health and raise expectations that the Federal Reserve will start raising interest rates as early as September. Huffington Post
Submitted 2 days 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 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     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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