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Workforce programs like Marion Berry Center critical to Delta economic growth, officials say
Glen Fenter, president of the Greater Memphis Alliance for a Competitive Workforce (GMACW), has a passion for workforce education in Memphis and the Arkansas Delta region. Likewise, he is passionate about job creation. Not just any jobs, mind you, but the kind necessary to upgrade living standards and grow the area’s economy. Kasu.org
Submitted 19 hours ago

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$1.2M incentive for Mullican expansion officially on the table
Washington County commissioners on Monday voted to lay down $600,000 in a $1.2 million economic development partnership with Johnson City to keep Mullican Flooring’s expansion and new job creation local. Johnson City Press
Submitted 19 hours ago

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NY luxury fitness company expands to Tampa, estimates 400 new jobs
A new gym may be popping up on a block near you, which may mean good things for Tampa Bay's health. Blink Fitness, which promotes the emotional benefits of working out as opposed to just the physical, plans to open up to 20 gyms in the area. 83degreesmedia.com
Submitted 19 hours ago

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Convergys adds 200 new jobs in Laredo
Convergys Corp., a global leader in customer management, announced recently that it will add 200 new jobs at its contact center in Laredo. Convergys Laredo has secured a new line of business in the health care industry and is offering state licensing training to interested applicants. Lmtonline.com
Submitted 19 hours ago

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Wincore Windows announces plan to add 50 jobs
PARKERS BURG, W.Va. - Wincore Windows is adding 50 full-time jobs in the coming months as the Wood County Development Authority and the window and door builder spoke with the Wood County Commission Monday. News and Sentinel
Submitted 19 hours ago

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Metova partners with University of Central Arkansas to create Arkansas coding academy
Metova Inc, in partnership with the University of Central Arkansas, has opened the Arkansas Coding Academy, the company said. The Arkansas Coding Academy provides the education and real-world skills required for employment in jobs requiring coding talent in Arkansas and across the country. Arkansas Coding Academy students are immersed in a hands-on approach while learning skills including building flexible user interfaces for multiple device operating systems such as Android and iOS, developing and debugging applications. Financial-news.co.uk
Submitted 19 hours ago

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That's The Randle Report for July 25, 2016
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 to find any story you need to find from last week, last month, last year or several years ago. Click on the headline above to access Southern Business & Development's website, the economic development magazine of the American South; the fourth largest economy in the world.
Submitted yesterday

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U.S. emerges as safe haven amid chaotic world
Contrary to the ominous picture painted by Donald Trump, America has once again emerged as a port of safety for investors navigating the stormy world. The U.S. stock market is sitting near record highs and the Dow is up an incredible 3,100 points since the mid-February low. A big factor powering the move: the U.S. is looking like a haven of stability amid all the global turmoil. And investors are betting on that safety with their dollars. CNN Money
Submitted yesterday

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Debate Over U.S. Debt Changes Tone
No matter who wins the White House in November, don’t expect to hear new calls for reduced spending. Gone are the fights of yesteryear over striking a “grand bargain” to slash the debt. In their place a new debate has emerged over whether America’s borrowing capacity has gone up—and how the nation might take advantage of it. The top candidates from both major parties have made scant mention of addressing rising long-term deficits and are calling instead for an increase in federal stimulus. The Wall Street Journal
Submitted yesterday

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Alabama unemployment rate holds steady at 6 percent
The state unemployment rate again held steady in June at 6 percent, although Alabama still lags behind the national average of 4.9 percent. Jefferson County reported a 6.3 percent unemployment rate, up from 5.6 percent in May. Shelby County showed the lowest unemployment rate at 4.8 percent, with Wilcox County reporting the highest rate again at 15.1 percent. Birmingham Business Journal
Submitted yesterday

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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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