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Duke Energy to assist with preparing North Carolina Triad region sites for development
Two potential industrial sites in the Triad have been added to Duke Energy's Site Readiness Program, with the utility to begin assisting in preparing the areas for future development. The Charlotte-based electric utility included a 200-acre parcel in an area south of Burlington that has seen significant activity in recent years and a 160-acre plot on the Guilford-Rockingham border within the new I-73 corridor. Duke touts the program as a success, saying it has led to landing 20 major projects on properties included in the program that have resulted in about 4,300 jobs and $3.5 billion in capital investment. Triad Business Journal
Submitted 4 days ago

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Alabama Gov. Robert Bentley's case moving toward grand jury investigation
The investigation surrounding Alabama Gov. Robert Bentley after his alleged extramarital relationship with his former aide Rebekah Caldwell Mason is moving toward a grand jury. Jonathan Ross, assistant U.S. Attorney for the Middle District, sent a letter to attorneys representing those questioned in the investigation with the subject line, "Re: Grand Jury Investigation." The letter informed parties that U.S. Attorney George L. Beck Jr. recused himself from his office and any matter related to the investigation. Birmingham Business Journal
Submitted 4 days ago

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WHOA: Did UAB researchers just cure diabetes?
BIRMINGHAM, Ala. — The University of Alabama at Birmingham is set to begin a groundbreaking clinical trial of the drug Verapamil that medical researchers at the school proved can reverse the effects of diabetes in mice. The study, which will be run by UAB’s Comprehensive Diabetic Clinic, will test to see if the drug can have the same effect on humans. The study aims to examine 52 volunteers between the ages of 19 and 45 years old and within three months of a Type 1 diabetes diagnosis. UAB says the study should be completed within two and a half years. YellowhammerNews.com
Submitted 4 days ago

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Iconic Miami office tower sold for $220 million
Miami Tower, one of the city’s most iconic properties, was sold to an affiliate of Sumitomo Corporation of America for $220 million. Acclaimed architect I.M. Pei built the 47-story office tower in 1987 for CenTrust Savings & Loan, at one time the state’s largest bank. The office tower was built atop a city-owned parking garage using an air-rights lease. After CenTrust went out of business, its signature tenant became Bank of America, and now TotalBank. South Florida Business Journal
Submitted 4 days ago

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Insurance giant adds 100 jobs in South Florida
Health care behemoth Humana Inc. (NYSE: HUM) announced Tuesday that it will add more than 100 telesales specialists at its Miramar outpost. The hundred-plus specialists will join Humana’s Direct Marketing Services Telesales workforce and will provide phone sales and enrollment assistance for Humana Medicare benefit plans, senior products and specialty products. South Florida Business Journal
Submitted 4 days ago

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Call center plans to hire as it relocates, expands HQ in South Florida
Call 4 Health relocated its headquarters and call center from Boca Raton to a larger facility in Delray Beach, where it plans to hire more than 100 employees over the next 12 months. The company was founded in Boca Raton 19 years ago. It fields calls for health care firms, including physician offices, hospitals, home care providers, hospices and pharmaceutical companies. South Florida Business Journal
Submitted 4 days ago

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Huntsville angles to be America’s R&D hub for decades to come
The city of Huntsville has unveiled a new master plan to make Cummings Research Park one of the most advanced research and development hubs in the country. The plans include a revitalization of the Research Park East area and will include new facilities for both corporate and start-up businesses, a number of new greenways, plazas, and activity hubs, as well as some new restaurants, retail shops, and even housing. The goal of the update is to attract new businesses to join the 300 companies and 29,000 employees that already call the park home. “We turned it into something that has more of what people are asking for greenways, pocket parks, urban infields, areas that you’re going to have more density in the park,” said Huntsville Mayor Tommy Battle. “When you put all those together, I think what you’re going to end up is a 21st-century park coming in.” Yellowhammer news.com
Submitted 4 days ago

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ATTENTION DOCTORS: Study ranks Alabama one of the best states to practice medicine
Alabama is one of the best states to practice medicine, according to a new study to which current and aspiring doctors around the country will likely be paying close attention. Medscape, a medical specialist site, studied some of the financial aspects of physicians, including compensation, cost of living, tax burden, and malpractice environment, and found that Alabama ranked high in each area and third overall. Yellowhammer news.com
Submitted 4 days ago

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Economy: Durable goods orders jump, jobless claims dip
WASHINGTON - Orders to U.S. factories for long-lasting manufactured goods rose in April by the most since January. But much of the strength came from a surge in the volatile category of commercial aircraft. A key category that tracks business investment fell for a third straight month, a sign that manufacturing remains under stress. USA Today
Submitted 4 days ago

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What Manufacturing Workers Want, Part 4
OK, let’s review what was covered so far in our series of articles on the ResourceMFG Manufacturing Employee Opinion Survey. Ready? Industryweek.com
Submitted 4 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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