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Alabama Launchpad expands reach with new regional competitions
BIRMINGHAM, Alabama — The startup competition that has pumped millions of dollars into innovative companies across Alabama is poised to accelerate its impact. Alabama Launchpad, a program of the Economic Development Partnership of Alabama, is looking for communities that want to replicate the statewide competition on a local level. EDPA is accepting requests for proposals for the Alabama Launchpad Regional Partnership Program through April 3 and will admit two regions per year over the next five years. The reason behind the move is simple: To help more high-growth potential companies start, stay and thrive in Alabama. Madeinalabama.com
Submitted 17 hours ago

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'India is infact creating new jobs in US'
After being discussed and debated by many, the new visa regulations for United States has now fetched a reaction from union IT minister Ravi Shankar Prasad. According to him, Indians are not impacting the employment of Americans. 'Rather, we are creating a new jobs in US' says the central minister, who's also holding Law and Justice Ministry. To back his point that Indian companies are a big boon to US, Ravi Shankar Prasad put forward the following stats while speaking at a media programme in Mumbai“ "the Indian IT companies exist in more than 200 cities across 80 countries, including the US. Alone in America, our firms paid out a massive USD 20 billion in the form of taxes last year. Also, they have provided close to 4 lakh jobs there and certainly, added more value to the foreign country.' Gulte.com
Submitted 17 hours ago

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Mercer County to receive more jobs over the next three years
PRINCETON, WV -- Some encouraging news from the Development Authority of Mercer County. The Board of Directors announced three expansion projects slated to create more than 100 jobs. During the next three years, over 10 million dollars in new capital investments is expected to be made. Plus these projects are expected to create at least 130 new jobs. Executive Director Janet Bailey is proud of the work that the Development Authority is accomplishing. Wvva.com
Submitted 17 hours ago

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Report: 40 initial new jobs with Exide restart
A restart of operations at the Exide Technologies plant in Bristol, Tennessee could result in more job opportunities later this year. A statement from the company issued to News 5 on Friday says the Georgia-based company has filed permit applications to resume operations in September 2017 and creating 40 new jobs with the potential of additional jobs as consumer demands increase. Wcyb.com
Submitted 17 hours ago

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Corinth Electronics Maker Adds New Production Line, 75 Jobs
CORINTH, Miss. (AP) — A contract electronics manufacturer plans to invest $500,000 in its Corinth plant, adding 75 jobs over three years. KeyTronicEMS, based in Spokane, Washington, announced Tuesday that it would add a new production line. CEO Craig Gates says the company will add millions of dollars in production equipment. Gates said KeyTronicEMS is investing in the plant's long-term future. The company, with 230 current employees, has already started expanding. US News & World Report
Submitted 17 hours ago

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New jobs promised in Loris over a year ago are finally here
LORIS, SC -- An international company is bringing good-paying jobs to the Grand Strand. The Canadian-based company, Accent Stainless Steel, announced it would be expanding into the Loris area over a year-and-a-half ago. The building was roughly halfway complete back in December 2015 and promised over 65 paying jobs. The vice president of the company, Barbir Sidhu, said they were delayed due to recent bad weather, but now, production is underway. Wmbfnews.com
Submitted 17 hours ago

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GE Healthcare launching $40 million expansion, creating 100 new jobs
FLORENCE, S.C. – GE Healthcare will be holding a groundbreaking ceremony Tuesday at their facility on 3001 West Radio Drive to initiate a $40 million expansion that will create approximately 100 new jobs. State and county leaders, along with GE Healthcare executives and other prominent figures in the Florence area, will attend the groundbreaking scheduled for noon on Tuesday. SCnow.com
Submitted 18 hours ago

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Update: Governor announces two expansions, 118 new jobs in McDowell County
Tuesday morning, Gov. Roy Cooper visited McDowell County and announced that the massive Baxter Healthcare plant in North Cove, which is the largest manufacturing facility in western North Carolina, will expand even more and create 90 new jobs. Cooper also announced that Taylor Stave, LLC, a small company in Nebo that makes wooden parts for wine and whiskey barrels, will expand and create 28 new jobs. This brings the total to 118 new positions in McDowell County. Mcdowellnews.com
Submitted 18 hours ago

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Governor announces nearly 30 new jobs in Suffolk
RICHMOND, VA. -- Virginia Gov. Terry McAuliffe said an industrial company is expanding its headquarters and will create nearly 30 new jobs thanks in part to a state-funded jobs program. The governor announced Tuesday that Allfirst, a general contractor and metal fabricator, is expanding its headquarters in the city of Suffolk. Ledger-Enquirer
Submitted 18 hours ago

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That's The Randle Report for March 21, 2017
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.
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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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