Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
37
Likes

Volkswagen site in Chattanooga could see 2,000 more supplier jobs, officials say
Some 300 acres that Volkswagen is freeing up at Enterprise South industrial park in Chattanooga for potential suppliers ultimately could add another 20 companies and 2,000 jobs, economic developers say. "We're seeing a lot of interest from auto suppliers," said Nick Wilkinson, the city's deputy administrator for economic development, in the wake of VW's planned $600 million investment to make a new vehicle and hire 2,000 more workers at its Chattanooga plant. Enterprise South emerged from the former Volunteer Army Ammunition Plant, which provided the U.S. Army with ammo going back to World War II. Nearly two decades ago, city and Hamilton County leaders crafted plans to acquire most of the remaining VAAP site with the intent of landing a major manufacturer such as VW to the property. Chattanooga Times Free Press
Submitted yesterday

28
Likes

Nashville economy advancing at a 'rapid pace,' PNC report says
A recent report from PNC Bank says the Nashville “economy is advancing at a rapid pace.” PNC also writes that “a diverse industrial structure, strong population growth, low business costs and high educational attainment elevate Nashville’s growth potential above the U.S.’s.” In its report, PNC tracked several economic metrics, from population growth, housing prices, and employment numbers. Here’s a quick breakdown of their assessment of Nashville. Nashville’s rate of job growth was 1.5 percentage points faster than the U.S. job growth rate in 2013 (3.2 percent in Nashville compared to 1.7 percent employment growth nationwide). More importantly, according to PNC’s report, payroll jobs in Nashville were up nearly 8 percent from their early 2008 peak (meaning Nashville recovered from the recession much faster than the nation at large). Nashville Business Journal
Submitted yesterday

19
Likes

Texas manufacturing shows stronger growth
Texas manufacturing increased again in July, according to a survey released Monday by the Federal Reserve Bank of Dallas. PRODUCTION: The production index — a key measure of manufacturing conditions — rose from 15.5 in June to 19.1. OTHER: Other measures of manufacturing activity reflected significantly stronger growth in July. The new orders index doubled from 6.5 to 13. The capacity utilization index rose to 18 from 9.2 in June. The shipments index rose 12 points to 22.8, reaching its highest level since January 2013. LABOR MARKET: The July employment index posted a second robust reading, although it edged down from 13.1 to 11.4. Twenty-five percent of firms reported net hiring, compared with 14 percent reporting net layoffs. Dallas Morning News
Submitted yesterday

27
Likes

New Jersey tech firm moving headquarters, 1,200 jobs to Allen, Texas
CVE Technology Group Inc., a New Jersey-based high-tech firm, plans to relocate its headquarters to Allen, with plans to employ 1,200 workers in North Texas by the end of next year. The company is an after-market service provider of cellular handsets and consumer electronics, with about 300 employees occupying about 40 percent of an office totaling 196,000 square feet of space at Enterprise Business Park at 915 Enterprise Blvd. in Allen. CVE plans to relocate its headquarters to Dallas-Fort Worth because the region is the epicenter of cell phone growth and activity, said Ruben Alvarado, the company's vice president. Dallas Business Journal
Submitted yesterday

24
Likes

Austin houses sell faster than anywhere in the country, ZipRealty study says
Homes are selling faster in Austin than anywhere in the country at the moment. That’s the conclusion of California-based ZipRealty Inc.(Nasdaq: ZIPR), an online real estate brokerage and research company. The survey, which crunched numbers from the Multiple Listing Service, indicates that half of all Austin houses on the market are selling in 10 days or less. The median number of days a house is on the market is different from the average days on the market, which is the matrix commonly cited by the Austin Board of Realtors. In ABOR’s most recent report, Austin single family houses are selling on average in 39 days. The large difference in the statistics likely indicates that certain types, price ranges or locations of houses are selling very quickly — perhaps as soon as they are entered in MLS, while other houses — probably high-end luxury homes — are taking much longer to sell. Austin Business Journal
Submitted yesterday

11
Likes

Exxon reportedly considering massive Beaumont, Texas refinery expansion
Exxon Mobil Corp. (NYSE: XOM) reportedly is considering a major expansion of its Beaumont refinery in response to the U.S. shale boom, according to Reuters. People with knowledge of the situation told Reuters a potential multibillion-dollar expansion of the 344,600-barrel-per-day refinery could expand it to at least 500,000 bpd or possibly as much as 700,000 bpd. The expansion could be complete by 2020 and would include adding a third crude distillation unit. Although an Exxon spokesman declined to comment to Reuters regarding the Beaumont refinery, he told the publication that the company regularly evaluates “opportunities for growth.” Dallas Business Journal
Submitted yesterday

15
Likes

Baton Rouge, New Orleans fare well for recession recovery
New Orleans and Baton Rouge were ranked in the top 25 of a new report that measures how the 150 largest cities in the U.S. have recovered from the Great Recession. New Orleans was ranked 15th in the WalletHub study, released Monday, while Baton Rouge was ranked 25th. The report found that Laredo, Texas, had the best recovery, while San Bernardino, California, was ranked 150th. The only other Louisiana city to make the list was Shreveport, ranked 67th. The Advocate
Submitted yesterday

-12
Likes

Ala. Gov. Robert Bentley said EPA 'trying to kill us in the South' with coal emission standards
POINT CLEAR, Alabama – Alabama Gov. Robert Bentley said the Environmental Protection Agency's proposed tighter restrictions on coal emissions are "trying to kill us in the South." EPA regulations that aim to reduce power plant carbon emissions by 30 percent will have a detrimental effect on the state's economy and hurt its efforts to recruit industry by driving the price of energy up, Bentley told those attending the Economic Development Association of Alabama's Summer 2014 Conference. "What you couldn't do with legislation, you're trying to do with regulation," Bentley said he told an EPA official recently. AL.com
Submitted yesterday

6
Likes

Expert: Alabama needs to focus on workforce to raise its economic development prospects
POINT CLEAR, Alabama – From population figures to the number of people with a doctorate degree, site selectors are taking a more detailed look at an area's workforce when deciding where the invest millions of dollars in a new factory or office. That was the main message from Jeff Forsythe, principal with Greenville, S.C.-based McCallum Sweeney Consulting site selection firm, when he addressed Alabama economic developers at the Economic Development Association of Alabama's Summer 2014 Conference. Among the Alabama projects McCallum Sweeney worked are the $100 million Dollar General distribution center in Bessemer and the expansion of the Austal shipyard in Mobile. AL.com
Submitted yesterday

4
Likes

After decade of change, where does Birmingham rank as a banking hub?
The growth of Birmingham banks, specifically Regions Bank, has helped the area maintain its status as a banking hub despite a decade of significant change for its bank scene. The Birmingham-Hoover metro area now ranks as the 12th largest banking center by assets in the nation. That’s according to first-quarter data compiled by Bancography, using the total assets of bank subsidiaries headquartered in the market. Local banks reported a combined $245.7 billion in total assets as of March 31, up 13.5 percent from the $181.9 billion they posted during the same period in 2004, when the metro ranked 11th due to the presence of the ‘Big Four’. Birmingham Business Journal
Submitted yesterday

1 ... 6 7 8 9 10 11 12 13 14 15 ... 9246

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

In growth, companies find themselves in the dilemma of identifying capital to increase capacity and managing opportunity cost where capital may be deferred. This dilemma is amplified as capacity constraints drive a company to complete the site selection process for an expanding or new facility. 
 

 Randle Report - Business News in the South

 FEATURE  
By Dr. Glen Fenter
Desperation sometimes masks itself in acceptance. Such was the case for Takelia Carter of Marion, Ark. For Carter, the mother of six school-age children in a low paying job, desperation was normative existence. This was her life in Crittenden County, Ark., deep in the Delta where unfortunately one in four families lives well below the poverty level.
 

 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.


 


 

 

http://www.columbusbusinesscenter.com
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2014 Randle Report
All of the South's Business News, Political News, and Economic Development News in One Place
Login