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The Stimulus Program Was a Smashing Success: It Erased Most Middle Class Income Losses in the Recession
Earlier this month the Congressional Budget Office published new estimates of income losses and gains in the Great Recession and in the recovery up through 2011. It is an update of earlier analyses, and it shows changes in pre-tax and post-tax incomes and in the distribution of federal tax burdens on low-, middle-, and high-income families. The report offers insight into the role of government tax and benefit policy in protecting family incomes during the nation’s worst post-war recession. By almost any measure the policy was a resounding success. For middle-income families, tax cuts and higher government benefits erased almost 90% of the market income losses caused by the recession. For Americans with lower incomes the combination of tax cuts and more generous benefits offset virtually all the market income losses. Brookings.edu
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$1.6B Wade Park development in Frisco gets expanded vision
Construction is underway on the $1.6 billion, 175-acre Wade Park mixed-use development in Frisco, but Atlanta-based developer Thomas Land & Development is ready to expand the project's plans. Dallas Business Journal
Submitted 2 days ago

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Quarter of Americans will work over holidays
Millions of Americans will work on Thanksgiving and Christmas this year, and many of them are not in the retail industry. USA Today
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ClearEdge Wholesale Relocates Manufacturing Facility To Baton Rouge, Louisiana
ClearEdge Wholesale Glass plans to expand the company’s manufacturing operations in Baton Rouge, Louisiana. The company is investing $2.65 million to renovate a 41,000-square-foot manufacturing facility in Baton Rouge, where it will relocate its current manufacturing operations from a 14,000-square-foot site in New Orleans. Area Development
Submitted 2 days ago

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The 15 Most Frustrating Airports For Travelers, See Which Are Southern
These days, flying commercially can sometimes be described as nothing more than a series of inconvenient events. According to a new study conducted by Bloomberg Businessweek, some airports are far more frustrating than others. Business Insider
Submitted 2 days ago

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Industrial Park Expanding Along I-85
Motorists on Interstate 85 southbound between Ga. Hwy. 154 and Bullsboro Drive have likely noticed the clearing alongside the interstate, just north of the Transco gas pipeline. Development company Pattillo has cleared 90 acres as an expansion of the Coweta Industrial Park. The company has also extended the road that serves the industrial park, Coweta Industrial Parkway, by about 3,000 feet, opening up more of the industrial property to development. Times-Herald
Submitted 2 days ago

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Georgia Heads For Supreme Court Water Fight With Florida
Georgia and Florida are preparing to fight the latest round of the water wars in the nation's highest court. Earlier this year, the U.S. Supreme Court agreed to hear Florida's lawsuit, challenging what it says is Georgia's overconsumption of water flowing through the state into Florida. Wabe.org
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Southern Champion Tray To Expand In Chattanooga, Creating 105 New Jobs
Southern Champion Tray (SCT) plans to expand in Chattanooga with an investment of $18.1 million creating 105 new jobs. SCT is a manufacturer of paperboard packaging primarily for the food industry, while also serving other industries including cosmetic, automotive, hardware and office. A third-generation family-owned company with a culture focused on wellness, SCT also provides graphic design and printing services to customers, and currently employs about 450 people at two facilities in the Chattanooga area. Chattanoogan.com
Submitted 2 days ago

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Election didn’t solve any of Georgia’s challenges
Yes, Georgia Republicans did well in the 2014 midterms, but now that the votes have been counted and the victories celebrated, they still preside over a state with the highest unemployment rate in the country. Atlanta Journal Constitution
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As incentive funds deplete, city tries to lure in company
CHARLOTTE, N.C. — Eyewitness News learned city leaders have been meeting about spending taxpayers’ money to attract a business to Charlotte and state money to help seal the deal, but the fund is just about tapped out. wsoctv.com
Submitted 2 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     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 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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