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American Woodmark Corporation Consolidates Headquarters In Frederick County, Virginia
American Woodmark Corporation, a major manufacturer of quality kitchen and bath cabinets for the home, will invest $30 million to consolidate headquarters operations in Frederick County, Virginia. The company plans to create 55 new jobs. Area Development
Submitted yesterday

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Coyote Hole Ciderworks Plans Production Operation In Mineral, Virginia
Coyote Hole Ciderworks, LLC will build a new cidery 38 miles east of Charlottesville in Mineral, Virginia. The company will invest $775,000 to build a new production cidery and tasting room in Louisa County. Area Development
Submitted yesterday

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How Donald Trump Can Grow the Economy and Keep His Promise
Many academic economists must be perplexed by the last three weeks’ financial news, having confidently opined that a Trump presidency would spell economic disaster. Let’s hope that they are feeling a little embarrassed by the stock market’s surge, by sharply rising inflation expectations, and by accelerating growth forecasts. Interestingly, many voters saw what economic “experts” did not: an utter contempt for economic growth by the Obama Administration and the Clinton campaign. That contempt was visible constantly over the past eight years – in the refusal to allow the XL Pipeline, in the shutting down of the coal industry in West Virginia, in the lack of any serious prioritization of tax reform. Obama and Clinton had a tin ear for anything but the priorities of the progressive elite, and consequently focused on redistribution, battling global warming, expanding health care coverage on unsustainable financial footings, and punishing bank lending. The Fiscal Times
Submitted yesterday

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How Made-In-America Battery Technology Can Help Make America Great Again
The U.S. is facing a tremendous, once-in-a-generation economic opportunity to seize an emerging $450 billion global market over the next 25 years in advanced energy storage manufacturing. At a time when our nation’s economic recovery is paramount, we cannot allow other countries to cement their position as the suppliers of the advanced energy economy while the United States drives market demand. Forbes
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Preparing for Growth in U.S. Manufacturing
With the extensive growth researchers are forecasting in U.S. manufacturing, manufacturers across the country are focusing on modernizing their plant floors. More than half of manufacturing leaders expect revenues to grow 5 percent or more each year over the next five years, according to a recent report from IndustryWeek, “The Future of Manufacturing: 2020 and Beyond.” As we look forward to 2017, there will be substantial opportunities for manufacturers and integrators to implement new automation technologies and revolutionize manufacturing processes that will be essential to ushering in the next era of American manufacturing. Automationworld.com
Submitted yesterday

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3.5M Manufacturing Jobs Need To Be Filled, But Will Millennials Step Up To The Plate?
Manufacturing has undergone a makeover. Today, manufacturing is modern. It is about adapting to new technological advancements, tackling big issues, and making the world a better place with the creation of products we use every single day. But manufacturing is facing a serious problem. Over the next decade 3.5 million manufacturing jobs likely need to be filled, and the skills gap is expected to result in 2 million of those jobs being unfilled. Manufacturing needs people, and reaching the next generation of workers is a top priority for those of us in the industry. Manufacturing.net
Submitted yesterday

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Virginia labor force showing new signs of life
Virginia’s employment pool — those gainfully employed or looking for work — has been steadily shrinking for years, mirroring a national decline that has reshaped the labor force. But in the Old Dominion, that might be starting to change. Between September and October, 27,000 new job seekers stepped back into the Virginia economy, by far the largest month-over-month increase in the size of the labor force since the survey began in 1976, according to seasonally adjusted government data recently released. Newsadvance.com
Submitted yesterday

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What the Robots are Doing to the Middle Class
The simplistic response to the impact of artificial intelligence (AI) on employment is that we've experienced this before, during the Industrial Revolution and beyond, and that the "market" will eventually provide plenty of jobs. The reality is that tens of millions of Americans will have to accept food service and retail and personal care jobs that don't pay a living wage. Truth-Out.org
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Ortec bringing 60 new jobs to Pendleton
A company that makes custom polymers is starting new manufacturing operations at its Pendleton plant, a move that will bring 60 jobs and a $20 million investment to Anderson County. For nearly a decade, Ortec has owned a building on Westinghouse Road. But that building has been used primarily for warehouse space and equipment storage, said Burriss Nelson, Anderson County's economic development director. Ortec's manufacturing work has been focused in Pickens and Greenville counties, where the company has a combined workforce of more than 200 at two separate plants. Those plants have also recently experienced growth. Independent Mail
Submitted yesterday

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Report: Publix to create 700 new jobs, in exchange for incentives
LAKELAND, Fla.-- Our partners at The Ledger are reporting Publix Supermarkets is applying for more than $4 million in tax refunds, exemptions and cash incentives in exchange for adding 700 jobs and a new, $28 million facility in Lakeland. The jobs would pay around $44,000 a year, according to the paper. Wtsp.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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