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There's a $13 trillion gorilla lifting the economy
Investors should buy select e-commerce and services stocks as the state of the US consumer is improving, according to Macquarie Research. "Macro data continues shows that the global economy's $13 trillion gorilla, the US consumer, is getting even stronger. Aggregate spending is rising by $500 billion per year and data for 2Q has been robust," Macquarie's David Doyle wrote in a note to clients Tuesday. CNBC
Submitted 3 days ago

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These Are The Companies With The Best Work-Life Balance
Finding a good balance between work and the rest of your life is a constant challenge for the connected employee—even when they’re in a dream job and have an empathetic supervisor. That’s due in part to fact that two to four extra hours have been added to the traditional workweek, and more of us work from home than ever before. Fast company.com
Submitted 3 days ago

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Looking for a Job? Best Hire Career Fairs Is Coming to Orlando August 4th from 11am - 2pm
Best Hire Career Fairs will be hosting a huge live hiring event in Orlando, Florida. Participants will get their chance to meet the hiring decision makers from the area's best employers in Orlando. They should attend the career fair; there will be hundreds of jobs available. All they need to do is dress professionally and bring lots of resumes to the job fair. Just walk in the event and start interviewing, it's that easy. It saves energy, money and time. Participants can just stick to one location where they will get a chance to interview with multiple companies. The companies offer several openings and are anxious to meet applicants. Applicants just need to be at the event and be the one to impress the decision makers. Benzinga.com
Submitted 3 days ago

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Florida Gov. Rick Scott falsely states the economy is not growing: RNC 2016 Fact Check
Florida Gov. Rick Scott asserted Wednesday during a speech at the Republican National Convention that the economy is not growing. Scott said, "Today, America is in terrible, world-record-high debt. Our economy is not growing. Our jobs are going overseas." Plain Dealer fact check: False Cleveland.com
Submitted 3 days ago

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Rural areas face long struggle to repair infrastructure
CHARLESTON - Residents in some southern West Virginia public service districts are still without water more than two weeks after severe flooding. The Kanawha Falls Public Service District, the utility service that provides water to Gauley Bridge, has been able to restore service to the main part of town, but a dozen homes and four businesses are without water because they are separated by the Gauley River, the Charleston Gazette-Mail reported. Weirton Daily Times
Submitted 3 days ago

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With New Build America Bureau, Government Wants to Streamline Road Repairs and Infrastructure
In an attempt to jumpstart repairs of U.S. roadways and begin addressing the huge backlog of infrastructure projects across the country, the U.S. Department of Transportation just announced the opening of the Build America Bureau. At a press conference earlier this morning, Transportation Secretary Anthony Foxx celebrated the opening of the Bureau, which seeks to streamline the application process for federal funding and help public and private investors obtain loans, support, and expertise. Curbed.com
Submitted 3 days ago

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How Florida's aging infrastructure may harm your business
The U.S. infrastructure grades are in and Florida got a C, based on a new report by the American Society of Civil Engineers (ASCE). The study compiled research on everything from water to bridges to roads to generate the ranking. But the Sunshine State's average grade could have more far-reaching implications than just sitting in traffic on Interstate 4 — the aging infrastructure could have effects on economic development. Jacksonville Business Journal
Submitted 3 days ago

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Plans revealed for 234-acre mixed-use project adjacent to Pinewood Studios
Fayetteville, Ga., civic leaders and Chick-fil-A Inc. CEO Dan Cathy on July 21 on Thursday detailed plans for a massive mixed-use development with three distinct districts adjacent to Pinewood Studios. The 234-acre new urbanism community, Pinewood Forrest, will have more than 1,200 residences and 270,000 square feet of office, restaurant and retail space. Atlanta Business Ch
Submitted 3 days ago

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Federal court strikes down Texas' voter ID law, orders fix before November
Texas' voter identification law, considered the strictest in the nation, was struck down Wednesday in a federal appeals court that ruled it discriminated against minorities and the poor. The court ruled it must be changed before the November elections. Christian Science Monitor
Submitted 3 days ago

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Court: Strict Voter ID Law in Texas Is Discriminatory
Texas’ voter identification law violates the U.S. law prohibiting racial discrimination in elections, a federal appeals court ruled Wednesday. Governing.com
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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