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Governor announces company expansion into Union County
Raleigh, N.C. - Governor Pat McCrory, N.C. Commerce Secretary John E. Skvarla III and the Economic Development Partnership of North Carolina announced today that O’Neil Digital Solutions, LLC will open a new facility in Union County and create 250 new jobs over the next five years. The company plans to invest $90.7 million in the town of Monroe over the same period. JDnews.com
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300 new jobs coming to Chattanooga
A German company that handles and manages the auto parts used in Volkswagen's Chattanooga assembly plant plans to hire 300 more employees by the end of next year. Schnellecke Logistics USA, the company's American subsidiary which already employs about 350 workers in the city, is ramping up for the sport utility vehicle VW plans to produce in late 2016, said Jens Kappei, the company's chief executive in Chattanooga. Chattanooga Times Free-Press
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Bronto and NetSuite execs talk $200M buyout, integration plans, Durham jobs
Joe Colopy, CEO of Durham-based marketing automation firm Bronto Software, told his employees at the same time as “send” was pushed on the announcement: That California tech giant NetSuite (NYSE: N) was acquiring the company for $200 million. Triangle Business Journal
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Not about the money? Not sure I buy that
Georgia drivers will cough up about 7 cents a gallon more in gas tax to help pay for bigger and better roads under this year’s transportation bill. But the squeakiest wheels so far concern comparatively small provisions. One complaint is that the removal of a tax exemption for jet fuel was motivated more by political revenge against Delta Air Lines and its outspoken chief executive, Richard Anderson, than by money. This line of thinking was exemplified in a column last week by longtime Atlanta business journalist Maria Saporta, who wrote in part: Atlanta Journal Constitution
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BREAKING: eBay adding new facility, 191 jobs
eBay will expand its operations in Henry County, adding 191 full-time jobs with an annual payroll of more than $4 million and investing $5.8 million in capital improvements, officials announced Thursday. The expansion will make eBay the second-largest employer in the region after Eastman Chemical Company, according to Mark Heath, president and CEO of the Martinsville-Henry County Economic Development Corp. Martinsvillebulletin.com
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Printer to bring $140M investment, 250 jobs to Monroe NC
A printing firm will spend $140 million to bring 250 jobs to a former helicopter-engine plant in Monroe. Charlotte Business Journal
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Gov. Bobby Jindal makes opposing gay marriage a Republican litmus test: Jarvis DeBerry
Gov. Bobby Jindal, in a Thursday op-ed in the New York Times, lets us know why multiple corporations have expressed opposition to religious freedom laws that frighten gay-rights advocates. Those corporations, Jindal asserts, are being manipulated by left-wing radicals. "Liberals have decided that if they can't win at the ballot box," Jindal writes, "they will win in the boardroom." NOLA.com
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The United States of Smoking
At 12:01 am, Wednesday morning, it became illegal to light up a cigarette in a bar in New Orleans, a city famed for its nightlife. Orleans Parish, where New Orleans is located, had an adult smoking rate of 19.9 percent in 2012, the most recent year for which nationwide data is available. The median rate for all counties was 20.8 percent, according to CountyHealthRankings.org, which is published by the University of Wisconsin Population Health Institute. The tables below show the counties with the highest percentage of adult smokers and those with the lowest percentage of smokers in the United States for which numbers are available. TIME
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Specialty Crop Advancement Goal of Arkansas Agriculture Department Grants
The Arkansas Agriculture Department has approximately $307,000 up for grabs in grants to enhance the competitiveness of Arkansas specialty crops such as fruits, vegetables, floriculture and nuts. Due May 29 and made available as a result of the Agricultural Act of 2014, the grant money is provided by the Specialty Crop Block Grant Program administered by the Agricultural Marketing Service of the U.S. Department of Agriculture. SWTimes.com
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Gov. Rick Scott calls for special session, says tax cuts may be sacrificed to end stalemate
TALLAHASSEE — Blaming the federal government for Florida's financial woes, Gov. Rick Scott on Tuesday said he was prepared to call Florida lawmakers back for a special session to complete the budget — and even encourage them to pass a bare-bones budget if necessary. Tampa Bay Times
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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 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     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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