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OUT to LUNCH
The Randle Report is breaking for lunch and making way for a new editor shift. Click on the headline above to access Southern Business & Development's Web site for more detailed information on economic development in the South. Posts will resume at 1:30 pm CDT.
Submitted 3 days ago

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VIDEO: POLITICO Playback


Politico
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America has near record 5.6 million job openings
America might have too many job openings. There were 5.6 million job openings in December, just shy of the all-time record of about 5.7 million set in July, according to Labor Department data published Tuesday. CNN
Submitted 3 days ago

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Jobs With the Best (and Worst) Job Security
The U.S. unemployment rate reached 10% in October 2009, the highest since 1983, and the peak since the Great Recession ended in June 2009. Since then, unemployment has fallen steadily to its current level of 4.9%. Not all the nation’s industries have recovered at the same pace. Increased job opportunities and wage hikes have been far more common in some professions than in others. Just 0.1% of Americans who currently work or previously worked as dentists are unemployed, the lowest occupational unemployment rate in the country. By contrast, 26.1% of actors are out of a job, the highest unemployment rate in the country. 277wallst.com
Submitted 3 days ago

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Manufacturing plant to create 50 new jobs in Henrico
RICHMOND, Va. — A European company plans to open a manufacturing plant in eastern Henrico creating 50 jobs, the governor’s office announced. Polykon Manufacturing LLC, a joint venture between Seppic, Inc. and Schülke Inc., will spend $60 million to open the plant in White Oak Technology Park. Wtvr.com
Submitted 3 days ago

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Update: Mississippi Conti Plant Incentive Value May Reach $333 Million
After an aggressive two-year courtship, the state of Mississippi and Continental AG signed on the dotted line last week, completing a deal that will bring a $1.45 billion, 2,500-job tire plant to the state. It is the Magnolia State’s second tire plant win in five years, and will bring much needed good paying jobs to the state capital area. Tirereview.com
Submitted 3 days ago

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Dissecting right to work
Senate Majority Leader Mitch Carmichael recently defended the so-called “right to work” study as an “independent study by an academic (WVU) Ph.D. economist” and said he trusted “the independent analysis.” This assertion prompts several observations. In regard to independent, it was not. The basis of the study, funded by right-wing Charles and David Koch, is the same as what was developed by the American Legislative Exchange Council (ALEC), Mackinac Center, Americans for Prosperity, and similar Koch-funded think tanks to attack workers and labor organizations in Michigan, Wisconsin, Indiana, Ohio, and now West Virginia as well. The legacy of the Koch Family is significant. Fred Koch, the family patriarch, was one of the founders of the John Birch Society and helped the Nazis build a huge refinery that fueled the Luftwaffe until destroyed by the Allies in 1944. He penned an article for Adolph Hitler in 1938 that noted “the only sound countries in the world are Germany, Italy, and Japan.” Montgomery-Herald
Submitted 3 days ago

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Governor McAuliffe Announces 98 New Jobs in City of Suffolk
RICHMOND - Governor Terry McAuliffe announced today that Emser Tile, the leading designer, marketer and producer of the world’s finest tile and natural stone, will invest $16.25 million to establish an East Coast distribution operation in CenterPoint Intermodal Center in the City of Suffolk. Yessuffolk.com
Submitted 3 days ago

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Gov. Deal: Obama's Budget Underfunds Savannah Port Project
President Obama’s new budget includes more than $42 million in federal funding for the effort to expand Savannah’s port. But that’s less than half of what Gov. Nathan Deal was hoping for. Deal said, the state needs around $90 million this year to keep the five-year project on track. Wake.org
Submitted 3 days ago

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US: POLITICIANS DEMAND ANSWERS ABOUT SAVANNAH HARBOUR DEEPENING PROJECT
US Senators Johnny Isakson, R-Ga and David Perdue, R-Ga, along with US Representative Earl L 'Buddy' Carter, R-Ga.-01, have "demanded answers" from the Obama administration on its failure to include adequate levels of critical funding for the Savannah Harbour Expansion Project in the president’s fiscal year 2017 budget request to Congress. Sandandgravel.com
Submitted 3 days ago

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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 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. 
 


 

 

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