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Amendment 4 a boon for Florida
Florida voters will have an opportunity this primary election to encourage future solar production in the Sunshine State. Amendment 4 will provide Florida with more solar energy options by removing tax penalties and making solar energy more affordable. This amendment will significantly increase the number of solar jobs, preserve the environment for future generations and move forward with the added development of solar. Suns-Sentinel
Submitted yesterday

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Feeling Cornered, Coal Industry Borrows From Tobacco Playbook, Activists Say
Greg Zimmerman, an environmental activist, was scrolling through the website of a coal industry association when he came across a presentation that startled him: “Survival Is Victory: Lessons From the Tobacco Wars.” What surprised Mr. Zimmerman, the deputy policy director at the Center for Western Priorities, a conservation advocacy organization based in Denver, was that the coal industry was, at least in this presentation, deliberately drawing a comparison between itself and the tobacco companies. New York Times
Submitted yesterday

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Coal towns hit by layoffs getting money for growth
HUNTINGTON, W.Va. (AP) -- Officials say 29 projects in nine Appalachian states and in Texas are being funded by nearly $39 million from a federal initiative aimed at stimulating economic development in U.S. communities hard hit by coal industry layoffs. Officials for the Appalachian Regional Commission and other agencies announced the projects Wednesday at a news conference in Huntington. Wsaz.com
Submitted yesterday

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Jaipur Living Breaks Ground In Cherokee County
ACWORTH, GA -- Jaipur Living, an award-winning home decor company, on Tuesday turned dirt on its new 180,000-square-foot facility in southwest Cherokee County. Commemorating the development of the company’s future headquarters and warehouse space, the ceremonial ground breaking event took place at the Cherokee 75 Corporate Park, which sits along Highway 92 east of Interstate 75. Patch.com
Submitted yesterday

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Google yet to announce Jackson County data center construction date
Google is still advertising it will begin building its new Jackson County data center in 2016, but the company has kept quiet on its plans close to two-thirds of the way through the year. A company spokesperson tells Tech Alabama there is no further information to share beyond Google's original announcement in June 2015 for the planned data center, which will be located in Bridgeport. The Tennessee Valley Authority (TVA) said it would sell 350 acres of the Widows Creek Fossil Plant property to Google at the time of the announcement, and Google is expected to invest $600 million in the property. Waaytv.com
Submitted yesterday

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Obamacare is 'very near collapse' in one state
Tennessee's Obamacare market is in serious trouble, according to the person who runs the state's exchanges. Julie Mix McPeak, the commissioner for Tennessee's Department of Commerce and Insurance, told Nashville's The Tennessean on Tuesday that increases in premium prices and the dwindling number of insurers in the state are causing serious stress in the state's Affordable Care Act exchanges. Business Insider
Submitted yesterday

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Tennessee insurance commissioner: Obamacare exchange 'very near collapse'
Tennessee's insurance regulator proclaimed the state's Obamacare exchange "very near collapse" Tuesday, after signing off on hefty premium hikes in an extraordinary bid to keep the program afloat. Her remarks largely overshadowing the dramatic premium increases, Commissioner Julie Mix McPeak thrust the issue of preserving competition into the spotlight at a moment when states around the country are grappling with dwindling numbers of insurers willing to sell on the exchange. Wbir.com
Submitted yesterday

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Nashville's Health Care Giants Need Little Startups More Than They Realize, Researchers Say
Nashville needs to build better relationships between big health care companies and tech startups if it wants to remain a powerhouse in the health care industry, according to a new report by the Brookings Institute. Nashvillepublicradio.com
Submitted yesterday

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Report: Why Nashville's future health care dominance isn't a guarantee
The race is on. So say experts from the Brookings Institution's Metropolitan Policy Program, who've compiled a report on Nashville's nascent health information technology industry and how it stacks up to other cities' efforts. Health IT is becoming increasingly more important to the industry, the report argues, as health care reform drives the industry to accept the technological advances other sectors embraced long ago. Nashville Business Journal
Submitted yesterday

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Ateb Inc. Complete Expansion Of Raleigh, North Carolina, Headquarters
Ateb Inc., the industry's leading provider of pharmacy-based patient care solutions, completed expansion of its headquarters in Raleigh, North Carolina. According to company officials, “generating an additional 25 percent growth in the company's overall headcount in the capital city, Ateb expanded its headquarters to a 65,500 square foot office building, almost double its existing footprint. Located at 11125 Forest Pines Drive, the construction also stimulated more employment opportunities within the local community." Area Development
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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