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Rural Media Group takes former GAC space on Nashville's Music Row
Rural Media Group is consolidating its operations in Nashville, bringing with it corporate jobs that were formerly based in Nebraska. Rural Media Group is the owner of RFD-TV, Rural TV and Rural Radio on SiriusXM, among other properties. According to a news release, it has reached a deal with Scripps Networks LLC to sublet the space previously occupied by GAC at 49 Music Square West. Rural Media Group's existing Nashville operation were previously based in NorthStar Studios on Dickerson Pike. “This option came along at the perfect time for our company as we have been looking for the right place to consolidate our operations and expand production for original programming,” Patrick Gottsch, founder of Rural Media Group Inc., said in a news release. Nashville Business Journal
Submitted 2 hours ago

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$130M plant coming to Pine Bluff, Ark.
Pine Bluff, Arkansas, is getting a $130 million plant that will create 35 new jobs. Highland Pellets LLC, which makes wood pellets, is building the facility, which is expected to be operational by March 2016. In addition to the 35 jobs, officials anticipate the plant could create 482 indirect jobs in the Pine Bluff area. Ground will be broken on the facility in October. Highland Pellets’ parent company is based in Boston. “While this plant is the first built under the Highland brand, our colleagues Mike Ferguson and Scott Jacobs bring decades of industry leading experience in the engineering and operating of industrial wood pellet plants,” said Tom Reilley, chairman of Highland Pellets. “Together with Highland’s leadership team, who are veterans of Cargill, Black River, JP Morgan and EnerNOC, we are excited to complete our Pine Bluff facility and expand our footprint.” Memphis Business Journal
Submitted 2 hours ago

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Texas must invest in infrastructure to support oil boom
Crumbling infrastructure is threatening to slow the oil boom in South Texas and curtail the economic benefits to the region, warns Mark Plummer, CEO and founder of Dallas-based Chestnut Exploration & Production. While the oil boom has brought jobs and increased tax revenues to the area, it has also brought increased usage of the roads and bridges which are essential to the success of these operations. Roads used for transportation to drilling sites are beginning to crumble and deteriorate causing road closures, accidents and delayed production. Oil-and-gas producers are being drawn to the area by the prolific Eagle Ford Shale geologic region. San Antonio Business Journal
Submitted 3 hours ago

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Mexican energy reform means these new jobs in Houston
Mexico's energy reforms that were legally finalized in August will open the country up to much greater oil and gas exploration and new international investments. But, as the nation opens up to private energy exploration for the first time in 75 years, what does it mean for job opportunities for those in the Houston region? There will be lots of job creation and work for those in southern Texas, but it will come in phases and slower than many expect as the new Mexican laws and rules are implemented, said Rich Russo, Korn Ferry (NYSE: KFY) global knowledge manager for the energy, chemicals and process manufacturing practices. Korn/Ferry is an executive recruiting and talent management company with a major presence in Houston and Mexico. Houston Business Journal
Submitted 3 hours ago

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Manufacturing jobs have changed
After months of hushed planning and work behind closed doors, Gov. Pat McCrory on Monday announced the arrival of a Quebec company to Scotland County, along with a $62 million investment and nearly 200 jobs that will bring a collective payroll of $3.2 million. It’s news that we like to report. But McCrory and state Commerce Secretary Sharon Decker’s assessment that rural North Carolina’s financial future lies in manufacturing still remains to be proven. LaurinburgExchange.com
Submitted 3 hours ago

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US factory activity expands at fastest pace in over 4 years in Aug: Markit
The U.S. manufacturing sector expanded in August, with the rate of growth exceeding expectations and moving at the fastest pace in more than four years, an industry report showed on Thursday. Financial data firm Markit said its preliminary or "flash" U.S. Manufacturing Purchasing Managers Index rose to 58 in August, which was its highest since April 2010, from 55.8 in July. Economists polled by Reuters expected a reading of 55.7. CNBC.com
Submitted 3 hours ago

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Alabama incentives for Opelika manufacturing plant expansion to top $5.1 million
Georgia Southern University made history Wednesday when the University System of Georgia's Board of Regents granted the university the first undergraduate manufacturing engineering degree program in the state and the Southeast. "Manufacturing is returning to the U.S., and the state of Georgia can now prepare its citizens for careers in this fast-growing field," said Mohammad Davoud, the dean of the Allen E. Paulson College of Engineering and Information Technology. StatesboroHerald.com
Submitted 3 hours ago

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BP, ConocoPhillips and others bid big for Gulf of Mexico drilling
Expanded oil and gas exploration in the Gulf of Mexico moved forward Aug. 20 with a western Gulf lease sale that netted $110 million in high bids. BP PLC (NYSE: BP), ConocoPhillips (NYSE: COP), Chevron Corp. (NYSE: CVX), BHP Billiton Ltd. (NYSE: BHP) and Venari Resources LLC were the most active bidders in the lease sale that drew high bids for 81 tracts covering 433,823 acres on the U.S. Outer Continental Shelf offshore of Texas. U.K.-based BP, which came off of its bidding suspension earlier this year, had by far the most high bids with 27, while the highest individual bid came from Houston-based ConocoPhillips in a $16.8 million bid for tract in the Alaminos Canyon in the western Gulf. Houston Business Journal
Submitted 3 hours ago

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Ark Group prepares for start of $165M Music Factory in Irving, Texas
Charlotte, N.C.-based Ark Group plans to begin its much-anticipated $165 million Music Factory Entertainment Center— meant to be Irving's entertainment destination — by the end of the month. The development firm plans to host a groundbreaking ceremony in the 300 block of West Las Colinas Boulevard near the Irving Convention Center at 7 p.m. on Saturday, Aug. 30. This is the kick-off of a project that will give Irving residents the world-class entertainment center they have long desired, said Noah Lazes, president of the Ark Group, who spoke to the Dallas Business Journal about the entertainment development in an exclusive interview in April. Dallas Business Journal
Submitted 3 hours ago

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Inc. magazine ranks Austin a top spot for fast-growing companies
With 87 companies on its 2014 list of the 5,000 fastest-growing companies in America, Inc. magazine ranks Austin as the No. 4 city in the nation for fast-growing companies. The magazine, which released both lists Wednesday, noted the area's constantly "replenishing talent pool out of the University of Texas," plus the presence of Round Rock-based Dell Inc. and other major technology companies. Austin also ranked the highest compared to the other Texas cities on the list. Houston, with 76 companies ranked on the Inc. list, ranked No. 6. Dallas, with 55 of the nation's fastest-growing companies, was ranked No. 8. Austin Business Journal
Submitted 3 hours ago

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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     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 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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