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Charlotte added thousands of jobs in March, per state report
The Charlotte metro area added the most employees to the state's labor force in March, according to a new N.C. Commerce Department report. Led by job gains in the leisure and hospitality sector, Charlotte tallied a net of 13,300 new nonfarm jobs(a 1.2% increase) from the previous month. On an annual basis, the Queen City's net employment grew by 30,000 jobs (a 2.8% increase), powered by professional and business services. Charlotte Business Journal
Submitted 3 days ago

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Google Fiber officially goes live in Nashville
The wait for Google Fiber is officially over — at least for a handful of Nashville customers. The gigabit internet service that first turned its eyes toward Nashville back in early 2014 and confirmed its intention to launch here in January 2015 will start serving customers in four apartment and condo buildings today, also the grand opening of Google's "Fiber Space," its retail hub in the Gulch. Nashville Business Journal
Submitted 3 days ago

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The Impossibility of Reviving American Manufacturing
Every election has its signature issues, which candidates ignore at their peril. This year, the Republicans have the border; the Democrats are making do with Wall Street. But at least one political subject inevitably demands attention from both sides—and in 2016, that’s American manufacturing. Democrats and Republicans seem to share the belief that America was better off when its citizens could count on a factory job as a reliable escalator into the middle class. Every candidate has a plan to revitalize U.S. industry; Trump alone promised to bring steel back to Pittsburgh and Carrier back to Indiana. The Atlantic
Submitted 3 days ago

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North Texas' Barnett Shale rig count hits a new low: zero
FORT WORTH -- It finally happened. After reporting only a handful of rigs working in the Barnett Shale for some time, industry publication RigData last week reported that it could not find any active rigs in the natural gas field that underlies about two dozen counties in North Texas. It was shocking news for an area that supported nearly 200 rigs a week less than a decade ago. “Sorry to inform you but there are no rigs currently working in the Barnett Shale,” said an email Friday from LuAnn Zellner, RigData editorial director. “The report produced zero results.” Fort Worth Star Telegram
Submitted 3 days ago

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Piedmont Triad International and HAECO's expansion will employ hundreds, cost millions
GREENSBORO — Piedmont Triad International Airport cleared the way Tuesday for a major expansion by one of its top employers, adding to the growth that is making the airport one of the key drivers of this region’s economy. The airport will soon begin grading a 24-acre site for HAECO Americas to build a fifth hangar to maintain, repair and overhaul large jet aircraft. HAECO said it will employ up to 400 people at the hangar by 2018. The $9 million grading project — the hangar itself will cost between $30 million and $40 million — is a small part of the hundreds of millions of dollars that government agencies and corporations are spending to transform the airport into what business leaders hope will be the heart of the region’s economic revival. Greensboro News & Record
Submitted 3 days ago

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Mississippi has a gambling problem
The state of Mississippi is the third-most gambling-addicted state in the U.S., according to a new study released by WalletHub. The rankings are based on the gambling friendliness of each particular state, which includes the number of commercial and tribal casinos per 100,000 people, number of gaming machines per 1,000 people, lottery sales and the availability of other gambling options such as the lottery, horse racing or sports betting. It also includes the percentage of adults over 18 with a gambling disorder, the number of gambling-related arrests and the presence of treatment programs. Memphis Business Journal
Submitted 3 days ago

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Derby watch: It costs HOW much to raise a Thoroughbred?!
Want to race your own Thoroughbred horse in the Kentucky Derby? Well, you can — for about $170,000 per year, according to a breakdown by Thrillist. That's the total cost to raise a Thoroughbred to race, including buying the horse, taking care of it, training it and hiring your silk-clad jockey to actually race it on the big day. Business First
Submitted 3 days ago

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By the numbers: The Kentucky Derby
The Kentucky Derby brings to mind many images: brightly colored hats, gorgeous Thoroughbreds and (we hope) beautiful sunny weather on the first Saturday in May. It's also about numbers — lots of numbers — from the odds on the tote board to the thousands and thousands who will crowd into Churchill Downs Racetrack on the day of the race (and the day before, and the day before). WalletHub, the website about all things related to personal finance, has created the infographic below with lots of facts and figures. We see these things every year, but this one had numbers that I've never seen before — 395,000 berries? Business First
Submitted 3 days ago

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Are there any hotel rooms left for Derby? And how much will they cost?
You've likely heard about the crazy prices for hotel rooms in Louisville at Kentucky Derby time — that is, if you can find one. Even ESPN's Kenny Mayne poked fun at the pricing for hotels during his keynote speech at the Kentucky Derby Festival Inc.'s They're Off! luncheon on Friday. He cited "the fact that you can charge $849 for a Days Inn. Congratulations, you've made it! This is America." We decided to check around to see where rooms are available and how much they would cost. And we found out that there are still rooms available for Oaks and Derby, but you will either have to pay or travel for them. Business First
Submitted 3 days ago

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Broken record on jobs: Yes, Missouri still beating Kansas in KC area
Sorry, Gov. Sam Brownback, but Kansas is still badly trailing Missouri when it comes to creating jobs in the Kansas City area. That’s what the new numbers show. Alas for Brownback, that is completely at odds with the contention that his 2012 income tax cuts would woo businesses over the state line to Kansas. It’s not happening. KansasCity.com
Submitted 3 days ago

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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