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Republican Elites Land in South Carolina With No Plan to Stop Trump
Republican elites are 0-for-2 in presidential nominating contests this year, a rare and panic-inducing outcome for the party's leadership. Yet their preferred candidates continue to fight each other, and have begun the march to the next battlefield in South Carolina without a plan to stop Donald Trump. Not only did the billionaire's 20-point blowout in the New Hampshire primary fail to cull the field enough to present a clear mainstream alternative, the three remaining establishment candidates—U.S. Senator Marco Rubio of Florida, Ohio Governor John Kasich and Jeb Bush, the former Florida governor—spent the following days going after one another, as they have throughout the nomination fight. Bloomberg
Submitted 2 days ago

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Down-ballot Republicans may see victory in a second place finish to Trump in S.C.
South Carolina might be Donald Trump’s to lose, but a new storyline is emerging that says finishing second or even third in the upcoming Republican primary can go down as a victory. With their long-term viability a growing concern in a nominating race that may not be decided until April, the lower-tier candidates arrived Wednesday but only a few mentioned the bombastic front-runner. Instead, they’re appealing to the thousands of undecided voters up for grabs. The State
Submitted 2 days ago

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Former President Bush making SC campaign debut for brother next week
Former President George W. Bush will make his 2016 presidential campaign debut to stump for his brother Jeb Bush on Monday in North Charleston, The State has learned. The Bush brothers will appear at a 6 p.m. rally at the North Charleston Coliseum, the Bush campaign confirmed. Jeb Bush, the former Florida governor, is hoping his family’s pedigree in South Carolina will translate into a top-tier finish after spending much of the campaign behind the front-runners. The State
Submitted 2 days ago

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D.C. region wins spot in Global Cities Initiative
A Greater Washington coalition of regional business, government and higher education leaders has been accepted in the Global Cities Initiative, a project pieced from the Brookings Institution and JPMorgan Chase. The goal is to create a unified regional export plan, as we told you in December. The Metropolitan Washington Council of Governments, the Greater Washington Board of Trade and the Consortium of Universities of the Washington Metropolitan Area are the regional forces behind the effort. Bob Sweeney, special assistant to the dean at American University’s Kogod School of Business and the former head of the Greater Washington Sports Alliance, has been tapped as managing director of the initiative. The Brookings Institution was impressed with the efforts. The Washington Business Journal
Submitted 2 days ago

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Why NASA plans $8.4B for human exploration operations next year
NASA is making a greater effort to escape its dependance on the Russian Federal Space Agency to shuttle astronauts to the International Space Station — and the solution comes at a high price. The space exploration organization that has a well-known launch site at Kennedy Space Center in Cape Canaveral, hopes to invest $8.4 billion in human exploration operations — the largest chunk of its proposed $19 billion budget for 2017. Orlando Business Journal
Submitted 2 days ago

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FanDuel laying off 55 workers in Maitland, Fla.
A New York-based firm that hosts fantasy sports leagues is laying off more than 50 workers at its office in Maitland. FanDuel, which expanded to Orlando last year and hired 38 former workers with Zynga in Orlando, filed a Workers Adjustment & Retraining Notification on Feb. 10, saying it was laying off 55 people. The layoffs will take effect April 10. The Maitland office will remain open with 19 workers who are part of FanDuel's customer support and talent team. FanDuel saw continued growth in 2015 with more than six million users registering. The company earned $57 million in revenue in 2014. However, states have been calling for fantasy sports firms like FanDuel and DraftKings to be regulated. Orlando Business Journal
Submitted 2 days ago

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Entrepreneurship growing faster among single women than married women, men
A new study by Georgia State University found self-employment is growing faster among single women who live in communities that support entrepreneurship and innovation than among men and married women. More of these women will continue to choose an entrepreneurial career path as their abilities, education, self-confidence and age at first marriage continue to rise, the study’s researchers said. Orlando Business Journal
Submitted 2 days ago

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No money for dredging Florida ports in federal budget proposal
With each having their own criticisms on the fact that Jacksonville was again passed over for dredging, both Congressman Ander Crenshaw and Congresswoman Corrine Brown have affirmed they are committed to helping the port of Jacksonville secure funding after the port — and all other Florida ports — were largely ignored in the president's budget proposal for the 2017 fiscal year. Jacksonville Business Journal
Submitted 2 days ago

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Charlotte speedway chief likes NASCAR's new direction
The start of a new NASCAR season next week comes with at least one major change: race team owners are finally making progress on more of a franchise partnership with the sanctioning body to help recoup their investment in the sport. An 18-month negotiating period ended Tuesday with the announcement of a nine-year agreement between the league office and the teams. The deal grants team owners a charter guaranteeing their entry in every race. Those charters will be awarded based on competition criteria from the past three years. NASCAR teams will also gain a larger portion of digital revenue and, as part of a new ownership council added to NASCAR’s governance, collaborate more on cost reductions and other changes in how the sport is run. Charlotte Business Journal
Submitted 2 days ago

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Manufacturers association head encourages presidential candidates to get back to important issues
As presidential candidates descend on South Carolina for primary voting, Jay Timmons, CEO of the National Association of Manufacturers, doesn’t like what he’s hearing. Timmons, who was in Charlotte Thursday for a NAM event with members and others, says the candidates have abandoned the issues like corporate tax reform in favor divisive issues such as barring Muslims from the United States. Charlotte Business Journal
Submitted 2 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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