Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
-3
Likes

Is the US Economy Heading for Recession?
This past week the U.S. government announced the country’s economy rose in the January-March 2016 at a mere 0.5 percent annual growth rate. Since the U.S., unlike other countries, estimates its GDP based on annual rates, that means for the first quarter 2016 the U.S. economy grew by barely 0.1 percent over the previous quarter in late 2015. Counterpunch.org
Submitted yesterday

14
Likes

That's The Randle Report for May 2, 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

20
Likes

President Obama Weighs His Economic Legacy
Two months ago, across an assembly-room table in a factory in Jacksonville, Fla., President Barack Obama was talking to me about the problem of political capital. His efforts to rebuild the U.S. economy from the 2008 financial crisis were being hit from left, right and center. And yet, by his own assessment, those efforts were vastly underappreciated. “I actually compare our economic performance to how, historically, countries that have wrenching financial crises perform,” he said. “By that measure, we probably managed this better than any large economy on Earth in modern history.” The New York Times
Submitted yesterday

-9
Likes

Anemic Wage Growth Restraining Economy
Years of solid job gains are failing to produce a breakout in wages, suppressing the spark needed for a sustained pickup in economic growth. U.S. employers for the past four years created more than 200,000 jobs a month on average. That has driven the unemployment rate down to 5% last month from above 8% in early 2012. But wages have shown little progress. Wages and salaries for private-sectors workers advanced 2% in the first quarter from a year earlier, the Labor Department said Friday. The measure has grown near that rate, on average, since the start of 2012. The Wall Street Journal
Submitted yesterday

20
Likes

Apple has created over 2,000 Austin jobs since 2012
AUSTIN, Texas — Apple has created more than 2,000 new jobs in Austin since 2012 and is on track to meet the area hiring goals it promised in exchange for millions of dollars in public incentives, according to documents filed with the city. The technology giant is set to receive $35 million in tax incentives over the next several years from the city of Austin, Travis County and the state of Texas for an expansion of its operations in central Texas. Under the terms of the incentives package, which was signed in March 2012, Apple Inc. agreed to create more than 3,600 new full-time jobs in Austin in 10 years while retaining at least 3,100 existing full-time jobs year over year. Austin Statesman
Submitted yesterday

0
Likes

Texas has lost 84,000 oil and gas jobs in the oil bust
Texas lost 84,000 oil and gas jobs in just 16 months, according to the Texas Alliance of Energy Producers, which has been tracking the impact of the oil and gas bust across the state. Karr Ingham, the petroleum economist who authors the group’s Texas Petro Index (which has also been in decline for 16 months), announced the latest data at the Texas Alliance of Energy Producers annual meeting this week in Austin. An estimated 222,000 Texans remain on so-called “upstream” oil and gas industry payrolls – the part of the industry that includes exploration and production activity. That’s down 27.5 percent from a high of about 306,020 in December 2014. MySanAntonio.com
Submitted yesterday

6
Likes

JPMorgan Chase & Co. to start construction on 1M SF campus in Plano, Texas
Financial giant JPMorgan Chase & Co. (NYSE: JPM) has finished buying a total of 50 acres within the $3.2 billion Legacy West development to build its multi-building campus, which is expected to cost hundreds of millions of dollars. Construction on the 1 million-square-foot campus, which upon completion will house up to 6,000 employees, is expected to get underway in the next few weeks. The land deal closed Thursday afternoon. Dallas Business Journal
Submitted yesterday

7
Likes

Chattanooga leads Southeast in innovative crowdfunding campaigns on Kickstarter
In 2011, Matt Rogers, Tiffany Rogers and Shawn Clouse had a fizzy dream. Disappointed at the glut of mass-market sodas laced with chemical additives, they began thinking of ways to satisfy people's love of carbonated beverages while keeping the ingredients as natural as possible. When Pure Sodaworks was founded that July, the three co-founders initially sold their organic concoctions as fountain drinks at events around Chattanooga. The response from the public was overwhelmingly positive, and it wasn't long before people began clamoring to have the bubbly in bottles. Times Free Press
Submitted yesterday

5
Likes

Here's why Greenville, S.C. has a growing role in the Southeast's tech scene
Ask entrepreneurs why they move to and stay in Greenville, and you’ll likely get a variation on the same answer: The community. Greenville is not as large as Atlanta or North Carolina’s Research Triangle, nor has it had a significantly sized tech and startup community for as long, but the community is tight-knit, wrapped around twin pillars NEXT and the Iron Yard, both of which support and develop startups at different stages. Building that community and keeping businesses in town is key in growing a startup and tech community that could eventually rival regional hubs, some say. Greenville News
Submitted yesterday

16
Likes

Meet the Derby field with bios on every horse
The Kentucky Derby field is (mostly) set with the post position draw set for Wednesday and race on May 7 at Churchill Downs. So, yes, it's time to start picking your favorites. We're here to help with profiles of all 20 contenders, including looks at pedigrees, connections and past performances on the Derby trail. See the links below in order of Road to the Derby points earned through prep races. Louisville Courier Journal
Submitted yesterday

1 ... 8 9 10 11 12 13 14 15 16 17 ... 13093

 

 

 

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. 
 


 

 

http://www.expodisplays.com
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2016 Randle Report
All of the South's Business and Political News in One Place
Login