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Who’s winning the McDonnell trial?


MSNBC
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Federal-Mogul expands in Smyrna TN, 135 jobs
Federal-Mogul will invest $6.2 million to expand its current distribution facility in Smyrna, Tenn., and add 135 jobs in Rutherford County. Chattanooga Times-Press
Submitted 3 days ago

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Chattanooga's high-speed broadband brings high-stakes battle over EPB expansion
When Joyce Coltrin looks outside the front door of her wholesale plant business, her gaze stops at a spot less than a half mile away. All she can do is stare in disbelief at the spot in rural Bradley County where access to EPB's fiber-optic service abruptly halts, as mandated under a Tennessee law that has frozen the expansion of the fastest Internet in the Western Hemisphere. Chattanooga Times Free-Press
Submitted 3 days ago

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ServiceSource touts 900 Nashville jobs since 2008
In 2008, a San Francisco-based tech company named ServiceSource expanded to Nashville with 20 employees in an office by the airport. Six years later, ServiceSource's 850 local employees take up eight floors in a downtown tower with the ServiceSource logo on it, and about 50 more employees are expected to join in the coming months. The Tennessean
Submitted 3 days ago

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Nashville economy welcomes impact of foreign students
Vanderbilt employee Laxminag Mamillapalli has skills that make him a hot commodity in Nashville’s business world. A 2014 graduate of Vanderbilt’s Owen Graduate School of Management, he has a background in engineering and experience consulting with global firm KPMG — plus he has an MBA. Now, he works in data analytics with an emphasis on health care, building algorithms to determine evidence-based best practices for hospitals and health systems. He is just the type of problem-solver local health care companies need to hire. The Tennessean
Submitted 3 days ago

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The Most Effective Political Ad of 2012 Is Back
In 2012, Priorities USA, the biggest Democratic super PAC supporting President Obama, spent over $10 million to keep one particular TV ad on the air. The ad, "Stage," featured an Indiana factory worker sitting alone in front of the camera and telling the story of when his plant got shut down after Mitt Romney's firm bought the company. National Journal
Submitted 4 days ago

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That's The Randle Report for August 28, 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.
Submitted 4 days ago

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California takes on Texas in fight to attract and retain businesses
When California rolled out a $750 million plan this year to attract and retain businesses, many aspects mirrored longtime perks used by Texas, where officials love nothing more than stealing jobs from the Golden State. For more than a decade, Gov. Rick Perry has touted the “deal-closing” Texas Enterprise Fund and other cash incentives as a “job-creation machine.” A fifth of the companies that Texas attracted during the last funding cycle, in 2011 and 2012, were based in California. Now California is firing back. In the state’s first tax credit awards in June, more than 40 percent of the $29 million package went to companies that have gotten similar offers from Texas: Samsung, Petco and Amazon. But as California embarks on a major effort to woo businesses, a decade’s worth of experience in Texas raises questions about the wisdom of buying jobs from corporations with taxpayer dollars. Dallas Morning News
Submitted 4 days ago

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Tesla Gigafactory price tag may be too high for California
Budget watchdogs are urging five states, including California, to not give away the store to lure the new Tesla gigafactory. The budget experts have written a joint open letter to the five states recommending they not offer too much in tax breaks or economic incentives to snag the large battery production facility, according to a story in the Contra Costa Times. "This process is so crazy. Tesla is in the driver's seat on this and five governors are falling over themselves," Chris Hoene, executive director of the California Budget Project, told the Times. "The gigafactory is a big fish to land, but it's a pretty high price to pay." Dallas Business Journal
Submitted 4 days ago

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US economy grew at brisk 4.2 pct. rate in Q2
WASHINGTON After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly faster than it had first estimated. The upward revision supported expectations that the second half of 2014 will prove far stronger than the first half. The Commerce Department's second estimate of growth for last quarter followed its initial estimate of 4 percent. The upward revision reflected stronger business investment than first thought. The seasonally adjusted 4.2 percent annual growth rate for the gross domestic product — the nation's total output of goods and services — came after the economy had shrunk at a 2.1 percent annual rate in the January-March quarter. Charlotte Observer
Submitted 4 days 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     
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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