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Georgia unemployment rate ranked 50th
ATLANTA — Georgia now has the nation’s second worst unemployment rate, according to numbers released by the Bureau of Labor Statistics. Only Mississippi has higher unemployment than Georgia’s 7.8 percent -- much higher than the national average of 6.2 percent. wsbtv.com
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S.C. learns lessons from Stone Brewing finalists
Ending widespread speculation, Stone Brewing Co. has shared its official list of three finalists for its multimillion-dollar eastward expansion — a list that South Carolina isn't on but one that economic development leaders say they can learn lessons from. Greenvileonline.com
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Here's Why North Carolina Keeps Getting Poorer
Poverty is growing steadily in North Carolina. A recent Brookings Institution report found four North Carolina metro areas (Winston-Salem, Greensboro-High Point, Raleigh, and Charlotte) fell within the top 10 in the nation for both growth in poor population and growth of poor neighborhoods. From 2008 to 2012, the poverty rate within the state has grown from 14.6% to 18%, according to the Pew Charitable Trusts. University of North Carolina professor Gene Nichol — who has written extensively on poverty in North Carolina — has some interesting insights into why so many people in the southern state continue to be destitute. Nichol told us North Carolina "has suffered a double-whammy in a way that is uncommon." Business Insider
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N.C. to miss $51 billion in federal money
ASHEVILLE – North Carolina will miss $51 billion in federal payments over the next decade unless lawmakers expand Medicaid under Obamacare, according to a new report. Citizen-Times
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That's The Randle Report for August 18, 2014
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 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.
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Exclusive: Enterprise Florida’s Gray Swoope on the ins, outs of economic development


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NC Teachers Get Close-Up Look At German Work Education Model
North Carolina’s manufacturing story is old and complicated. In just the past decade, the state has seen many traditional manufacturing operations shut down, devastating tens of thousands of workers and their families. But this decade has also witnessed the growth of a new kind of manufacturing. Next Generation manufacturing is cleaner and more nimble and requires highly-skilled workers. And you have to start early building a talented workforce. Wunc.org
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Record investment comes to Tennessee Valley with cheaper TVA industrial power
While overall electric rates have gone up in the past year, the Tennessee Valley Authority has cut the average bill for its biggest industrial customers by an average 6.8 percent. The industrial power savings have come through cheaper fuel and a variety of incentive programs TVA created a couple of years ago to help it regain its competitive standing and attract more jobs to the Tennessee Valley. TVA is on pace this year for a record high of business investment and job creation, which utility officials say was boosted by new industrial incentives adopted two years ago. To sustain such growth, TVA is preparing to launch a major pricing study to revamp its charges for electricity by fiscal 2016. Chattanooga Times Free Press
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Cerner's $4.45B Kansas City campus plan, incentives head for final OK
A Kansas City Council panel on Wednesday endorsed the development and incentive plans for Cerner Corp.’s massive Three Trails campus on the former Bannister Mall and Benjamin Plaza sites in south Kansas City. The Planning, Zoning and Economic Development Committee voted 4-0 to recommend approval of the plans. The full council is scheduled to act on the recommendations on Thursday. The campus project, expected to create 16,000 jobs between 2017 and 2025, is projected to cost $4.45 billion, including $2.32 billion in construction costs and $2.12 billion in carrying costs. It will include 4.7 million square feet of structures, including about 3.7 million square feet of offices. Kansas City Business Journal
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Forbes examines how New Orleans culture encourages entrepreneur movement
In examining the amenities cities install in their quests to become hubs for entrepreneurs, a Forbes magazine article points to New Orleans' difficult-to-replicate factor: the appeal of the city's culture itself. Long-standing touchstones such as Mardi Gras and Jazz Fest help foster a more collaborative, cooperative startup culture, the article says. New Orleans has entrepreneurship support services in place, as do many cities, it says. But it also has something else. "What New Orleans has in its arsenal, however, is a tendency to bring people together, despite one's profession or background," writes Adriana Lopez in a Forbes article posted online Thursday (Aug. 14). NOLA.com
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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     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 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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