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Graham touts BMW's S.C. success in light of Trump comments
Sen. Lindsey Graham fired off a series of tweets highlighting BMW's impact on South Carolina following comments from President-elect Donald Trump over the weekend. Trump reportedly took aim at German automakers BMW and Mercedes-Benz, threatening a 35-percent tax on vehicles imported into the U.S. by those companies. In an interview with a German publication, the President-elect questioned why so many Americans drive German vehicles while Germans aren't driving Chevys. On Sunday, Trump tweeted “Car companies and others, if they want to do business in our country, have to start making things here again. WIN!” Greenville News
Submitted 3 days ago

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TNT's 'Good Behavior' renewal to boost N.C. economy
The renewal of TNT’s “Good Behavior” means film crews will soon return to work in North Carolina. The series will continue to use EUE/Screen Gems Studios as it heads into its second season, says Bill Vassar, executive vice president of the Wilmington-based studio. Triangle Business Journal
Submitted 3 days ago

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Bushes' spokesman: George H.W., Barbara 'both on the upswing'
Former President George H.W. Bush and former first lady Barbara Bush are "both on the upswing," Bush family spokesman Jim McGrath said Thursday, adding, "they may not be out of the woods yet, but we can see the edge of the forest." CNN
Submitted 3 days ago

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Ace Cafe Orlando to hold job fair for 175 jobs
Ace Cafe Orlando, a motorcycle- and muscle-car themed diner-style eatery, finally is nearing its long-awaited opening date. Now under construction in three historic buildings on a three-acre parcel at the corner of West Livingston Street and Garland Avenue, Ace Cafe Orlando is on track to open this spring. The cafe in 2013 first announced its intentions to open here in late 2014, but parking and construction issues slowed down progress. See the slideshow for a look at the progress. Orlando Business Journal
Submitted 3 days ago

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Video: Daisy To Expand Rogers Plant, Create 25 Jobs
Gamo Outdoor USA and Daisy Outdoor Products, with Gov. Asa Hutchinson, announced on Wednesday plans to expand the Daisy plant in Rogers and create 25 full-time jobs over the next two years. The governor made the announcement via Facebook Live from the Shooting Hunting Outdoor Trade (SHOT) Show in Las Vegas, Nevada. The plant, at 308 W. Stribling Drive, will also be the headquarters of both companies. The New York firm that owns Gamo bought Daisy in July, and Gamo had been headquartered in Fort Lauderdale, Florida. The project received the following state incentives: Arkansasbusiness.com
Submitted 3 days ago

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Could a Rick Perry DOE Threaten Jobs, Increase Energy Bills?
When Rick Perry faces his Senate confirmation hearing on Thursday, the former Texas governor’s goal will be to convince all of us that he’s up to the task of running the U.S. Department of Energy (DOE). America has enjoyed years of incredible clean-energy progress, and its senators need to make sure this climate denier won’t hamper our nation’s clean-economy momentum, costing jobs and raising our energy bills. Triplpundit.com
Submitted 3 days ago

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Confirmation hearing cracks up at Perry, Franken exchange
January 19, 2017 12:07 PM EST - Questions from Sen. Al Franken (D-Minn.) to former Texas governor Rick Perry, President-elect Trump's nominee for energy secretary, drew laughter several times at Perry's confirmation hearing Jan. 19. Washington Post
Submitted 3 days ago

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Perry Faces Scrutiny Over Qualifications For Energy Secretary
Two more of President-elect Donald Trump’s Cabinet picks face questions today on Capitol Hill. Former Goldman Sachs banker Steven Mnuchin, Trump’s pick for treasury secretary, and former Texas Gov. Rick Perry (R), his choice to lead the Department of Energy, both face questions today. A slew of Trump picks faced confirmation hearings earlier this week, including Ryan Zinke to head the Department of the Interior; Betsy DeVos for secretary of education; Scott Pruitt to lead the Environmental Protection Agency; Tom Price for secretary of health and human services; Wilbur Ross to lead the Commerce Department; and Nikki Haley for U.S. ambassador to the United Nations. Huffington Post
Submitted 3 days ago

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Pizza Hut plans to open more stores, create 11,000 jobs
Pizza Hut is about to go on a hiring spree. The pizza chain said Thursday it will hire 11,000 new pizza makers, delivery drivers and store managers. "While we don't have a set deadline, we know we are headed into one of our more busy times of the year and our restaurants across the country are working hard to hire team members that will deliver a quick and reliable pizza experience for pizza lovers nationwide," Kelly McCulloch, Pizza Hut's senior director of human resources, told CNBC. CNBC
Submitted 3 days ago

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Grapevine: North Charleston gets high marks for economic rebound
While Charleston might grab all of the best-city and top-destination headlines, its neighbor to the north has the better economic ranking, according to a financial website. North Charleston is ranked No. 21 on WalletHub's list of cities that have seen the best recovery since the Great Recession, which started in late 2007 and officially ended in June 2009. Charleston finished at No. 27 on the list. Post-Courier
Submitted 3 days ago

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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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