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Intertex Transloading Services, Inc. establishes Berkeley County facility
COLUMBIA, S.C. – A company specializing in the distribution of synthetic rubber, carbon black and process oils is opening a facility in Berkeley County. Intertex World Resources, Inc. is investing $3.2 million to establish Intertex Transloading Services, Inc. in Moncks Corner, S.C. The investment is expected to create 10 local jobs. SC Commerce
Submitted yesterday

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Homeownership in America Has Collapsed—Don't Blame Millennials
The U.S. homeownership rate has fallen to a 19-year low. Why? Let's begin with the youths, as we must. It is a truth universally acknowledged that a journalist in possession of a negative statistic must find a way to blame Millennials for it. In 2012, Jordan Weissmann and I observed that young people were turning away from homes and cars, the twin engines of the economy. The Atlantic
Submitted yesterday

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How Kentucky became a rare Common Core success story
It hasn't been a good year for the Common Core. Onetime Common Core allies ranging from New York Gov. Andrew Cuomo, a Democrat, and Louisiana Gov. Bobby Jindal, a Republican, have backed away from the initiative. Public support is dropping, and even Common Core supporters acknowledge it's become a politically toxic brand. But one state has become a Common Core poster child: Kentucky. Vox.com
Submitted yesterday

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Mississippi, Burned
The first year of the Affordable Care Act was, by almost every measure, an unmitigated disaster in Mississippi. In a state stricken by diabetes, heart disease, obesity and the highest mortality rate in the nation, President Barack Obama’s landmark health care law has barely registered, leaving the country’s poorest and most segregated state trapped in a severe and intractable health care crisis. Politico
Submitted yesterday

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Alternative Economic Development in Coal Dependent Regions
In Kentucky, the fabulously muddy campaign between incumbent Senator and Republican minority leader Mitch McConnell and his Democratic challenger, Allison Lundergan Grimes, is coating the airwaves in coal dust. A group called Kentucky Opportunity Coalition, a dark money nonprofit, is running ads describing McConnell as a friend to coal and Grimes as having cashed checks from people and groups who are “anti-coal.” For her part, Grimes has pitched a “pro-coal plan” that is a “national energy policy that has a prominent role for abundant coal…and supports coal as an important export product.” Nonprofitquarterly.org
Submitted yesterday

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City OKs incentives, hopes jobs result
Mount Airy officials approved incentives Monday night which they hope will lead an existing local industry to create 75 new jobs — but now must play a waiting game to see if that occurs. The 5-0 vote on the incentive package, which could total $202,500 with state and Surry County participation being sought in addition to that of the city, occurred during a special meeting of the Mount Airy Board of Commissioners. Mtairynews.com
Submitted yesterday

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EDC efforts part of plan to enhance economic development
There’s been a lot of mention lately about economic development, particularly regarding sales-tax-funded economic development corporations, or EDCs, in Stephenville. Several readers have asked, “Why is there so much focus on EDCs at this time?” Yourstephenvilletx.com
Submitted yesterday

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Arkansas Supreme Court keeps minimum wage issue on the ballot
After several weeks of legal wrangling, a key component of the Democrats’ get-out-the-vote strategy will remain on the ballot this November. Billionaire businessman Jackson T. “Steve” Stephens’ legal challenge to a citizen-led petition to raise Arkansas’ minimum wage to $8.50 per hour will be voted on in the November general election as Issue No. 5, the Arkansas Supreme Court ruled Monday. Thecitywire.com
Submitted yesterday

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Mystery Man Buys Kentucky for the GOP
With the help of secret donors and a sketchy ‘social-welfare’ nonprofit, Karl Rove’s old crony has purchased 12,000 ads to save Mitch McConnell. Will it work? The Daily Beast
Submitted yesterday

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Gov. Bryant speaks on economic development
Gov. Phil Bryant spoke on economic development at the University of Southern Mississippi in Hattiesburg on Tuesday. Bryant said Mississippi will face challenges like any other state, but the fact that Mississippi surpassed a $100 billion gross domestic product for the first time in the state's history shows that good things are happening. wdam.com
Submitted yesterday

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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