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Here are the 10 US companies with the most to lose from the Brexit vote
After the historic decision by the United Kingdom to leave the European Union on Thursday, markets are reeling. US stock indexes have erased all of their gains for 2016, and nearly every sector is in the red. Currencies are going wild and gold is soaring. Business Insider
Submitted yesterday

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Nissan impact on state economy continues to grow
Nissan’s automotive assembly plant at Canton continues to grow as a major economic player in the immediate area and statewide, according to a new study. Nissan’s direct and indirect contribution to the state’s gross domestic product averages $2.9 billion a year, up from $2.5 billion in a 2013 report from the National Strategic Planning and Analysis Research Center. Additional local and state tax revenue has reached $300 million a year, compared with $180 million in the 2013 report by the center, which is located at Mississippi State University. MSbusiness.com
Submitted yesterday

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The Best Performing Company In Every State, Ranked By Return
What’s the best performing company in your state? It’s likely not an iconic brand like Google GOOGL -4.10%, CVS or Walmart. The companies with the best returns in the past year are lesser-known corporations like public utilities and mining companies. Forbes
Submitted yesterday

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Nashville's Veterans Get A New Hub For Help With Jobs And Other Services
The Tennessee Department of Veterans Services has put together what it hopes will be a high-profile hub to help the more than 35,000 veterans in Davidson County. Nashville Public Radio
Submitted yesterday

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$800 Million Payoff Thanks To Tennessee Tax Structure
Tennesseans have good cause to kick up their heels – and, this time, it’s not just within the confines of a Nashville honky-tonk. The Volunteer State success story has been unfolding over the years, and recent announcements out of the Tennessee Finance Department show the financial benefits of a well-informed, sound tax structure. Forbes
Submitted yesterday

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Studio Center expanding in Virginia Beach, adding 20 jobs
Virginia Beach-based Studio Center is investing $3 million to expand in a new city location with plans to add 20 full-time jobs. The broadcast advertising production company currently employs 33, according to a news release. The average annual salaries will be $52,000. Daily Press
Submitted yesterday

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Manatee County’s incentives for LECOM paid off handsomely
It was not always a foregone conclusion that Lake Erie College of Osteopathic Medicine would locate in Manatee County. If anything, Pasco County appeared to be the early favorite, says John McKay, a Bradenton businessman and former president of the Florida Senate. Bradenton.com
Submitted yesterday

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Is it possible to bring the jobs back?
Partially as a result of the great recession and the housing debacle, many jobs have disappeared in the United States. Where did these jobs go and will they come back? Sarasota Herald Tribune
Submitted yesterday

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Keystone XL Company Sues Obama And US For $15 Billion Under NAFTA
The company behind the Keystone XL pipeline filed a $15 billion lawsuit Friday against the Obama administration under the North American Free Trade Agreement (NAFTA). TransCanada claimed that Obama spent seven years using “arbitrary and contrived” analyses and justifications to delay the pipeline for political reasons. TransCanada’s suit also says that the company had reason to believe that the pipeline would be approved before it was rejected by the Obama administration in November. Daily Caller
Submitted yesterday

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Prime development land in north Alabama sells at auction for $4.8 million
The future of three prime properties in north Alabama is unknown a day after the land sold at a hotel auction near Huntsville International Airport. The National Auction Group said more than 280 acres at the northwest corner of Huntsville Brownsferry Road and Mooresville Road, and the northeast and northwest sides of Interstate 65 at Exit 347 sold on Thursday for $4.8 million at an auction in the Four Points by Sheraton. AL.com
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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