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Three Texas cities named in Top 10 Fastest Growing Small Cities in the U.S.
Zippia, a career and employment website, recently put together a list of the top 10 fastest growing cities in the U.S., and three of them are in Texas. The small cities – Zippia tracked more than 3,100 of them – were ranked according to data gathered from the American Community Survey. The survey specifically takes into account the growth rates between 2010 and 2014, and the cities with the highest growth rate index took away the top honors. For the purposes of this survey, Zippia defined a "small city" as a place with a population between 5,000 and 100,000 in 2010. San Antonio Business Journal
Submitted 23 hours ago

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New San Antonio EDF leader: Unity needed for transformational economic change
One of the knocks against the Alamo City from certain camps has been that there are far too many organizations engaged in economic development, but the new president and CEO of the San Antonio Economic Development Foundation said greater collaboration among those varied entities could have a transformative effect on local leaders’ recruitment of new companies and talent. “Right now, we’ve got different community players, different organizations, including some that have cropped up organically,” Jenna Saucedo-Herrera said. “Bringing all of these different stakeholders together will be one of the most significant challenges. But I believe that’s why the EDF exists, to be the master convenor, if you will." San Antonio Business Journal
Submitted 23 hours ago

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Tennessee's export economy outperforms U.S. average, says MTSU report
Tennessee’s export economy is in relatively good shape despite a tough global environment for U.S. goods producers, says a new report from the Business and Economic Research Center at Middle Tennessee State University. In the latest issue of "Global Commerce," a quarterly publication from MTSU’s Jones School of Business, researchers analyzed trade data from the first quarter of 2016 and found that the total value of Tennessee exports climbed to $7.83 billion from $7.76 billion in the year-ago quarter, a 0.66 percent increase. Nashville Business Journal
Submitted 23 hours ago

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Central Florida makes more than these countries' GDP
The Orlando-Kissimmee-Sanford region could follow Britain's lead and pull an Orlexit — at least based on their strong economic production. According to a recent survey of metropolitan statistical areas, metro economies are major drivers of the global economy. In fact, of the largest 100 world economies, 37 are U.S. metros. And the Orlando-Kissimmee-Sanford region is one of them, ranking No. 88 worldwide. Orlando Business Journal
Submitted 23 hours ago

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Birmingham-based Regions tops list of most reputable banks
Regions Bank has the best overall reputation among top U.S. banks and the best reputation among customers for the second consecutive year according to a newly released survey from advisory firm Reputation Institute and the American Banker Magazine. Regions received the highest overall score (73.9 out of 100 points) as well as the highest score among customers (85.7 out of 100 points) in the annual survey. Orlando Business Journal
Submitted 23 hours ago

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Metro Charlotte's jobless rate continues to decline, says state report
The Charlotte region increased its employment base by an estimated 2,500 jobs in May over the previous month, representing a smaller gain than the 9,200 local jobs added in April. That put metro Charlotte's net increase of nonfarm jobs over the month at second in the state, following the 2,800 jobs added to Raleigh payrolls in May, according to the latest jobs report released by the N.C. Department of Commerce. Charlotte Business Journal
Submitted 23 hours ago

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How HB 2 compromise is unfolding in N.C. General Assembly
Charlotte Mayor Jennifer Roberts said Wednesday morning she doesn’t know enough about possible changes to House Bill 2 to offer a response — but a source in the N.C. General Assembly told me a compromise could be unveiled within the next day. WBTV first reported the news Tuesday of efforts by some state lawmakers to make non-discrimination policies more palatable as part of an attempt to keep the NBA from relocating the 2017 All-Star Game from Charlotte. Charlotte Business Journal
Submitted 23 hours ago

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Global Payments confirmed as "Project Spinoza," will invest $220M in Atlanta and relocate headquarters to Buckhead
The Fortune 1000 payment processor eyeing Atlanta for a corporate headquarters is Global Payments (NYSE: GPN), economic development officials told members of Atlanta's City Council Finance Executive Committee on Wednesday afternoon. The economic development project had been codenamed Project Spinoza. On June 23, Atlanta Business Chronicle first identified Sandy Springs, Ga.-based Global Payments as Spinoza. The company did not return a call Wednesday. Atlanta Business Chronicle
Submitted 23 hours ago

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Report: Alabama's tax environment promotes small businesses and entrepreneurs
Small-business owners looking to undertake an entrepreneurial endeavor in a tax-friendly environment should consider Alabama, according to the Small Business and Entrepreneur Council's 2016 Small Business Tax Index. Alabama recently ranked seventh in the report, which compares all 50 states and grades them based on the costs imposed on small businesses by each state government's tax system. Birmingham Business Journal
Submitted 23 hours ago

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Formation of Birmingham-Jefferson County Port Authority approved
After the City of Birmingham introduced the idea last year, the Alabama State Port Authority Board on Tuesday approved the creation of the Birmingham-Jefferson County Port Authority. The city is looking into creating a partnership with a private company that would develop an inland port in the area. For local companies, the new riverside expansion will add transportation options and alternatives. Birmingham Business Journal
Submitted 23 hours ago

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Features & Opinion

 Randle Report - Business News in the South

For those who still languish over "losing to China" or believe that the economy is still in recession, wake up and smell the data. Economic development in the South was about as good as it gets in calendar year 2015 according to the data. And as for China, borrowing a quote from the late football coach Bear Bryant that he made in the half-time locker room down 15-0 to Georgia Tech in 1960, "We got 'em right where we want 'em." For those of you who don't know the rich history of Alabama Crimson Tide football, Bama scored all of its 16 points in the fourth quarter, kicking a field goal on the last play of the game to beat Tech 16-15.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
Today, factories in the U.S. make twice as much product as they did in 1984. And they are doing it with one-third of the manufacturing workforce. In fact, the output of durable goods in 2015 was the highest in the nation's history. So, we do have a strong manufacturing base, at least in the South, much of the Midwest and parts of the West, and it is getting stronger because on a cost-basis, we can compete with any major manufacturing nation in the world.  
 

 Randle Report - Business News in the South

FEATURE     
The argument for or against a minimum wage hike continues between the reds and the blues, as well as within the economic development community in the South. Should we stay the course with a minimum wage under $8 an hour to better compete with Mexico, the South's biggest competitor for jobs, or set a minimum wage just over $10 an hour, a wage floor most centrists support? That $10 per hour is, according to the MIT Living Wage Calculator, about right in most states in the South for one adult to be able to cover basic expenses plus all relevant taxes.
 
 Randle Report - Business News in the South
Recent data from the Computing Technology Industry Association (Comp TIA) showed that the technology industry is one of the fastest growing job generators in the South and the nation. The report also indicated that technology job compensation is growing faster than any other sector.
 


 

 

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