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Manufacturers give thumbs up to Texas lawmakers; worry over 'diluted' incentives
The Texas Association of Manufacturers praised the work of the 84th legislative session, with an eye to environmental permitting, tax relief and transportation. Austin Business Journal
Submitted 1 years 235 days ago

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Rick Perry and Texas job gains
We've been checking job-gain claims by Rick Perry as long as there's been a PolitiFact Texas Truth-O-Meter. With Perry widely expected to announce for president this week, let's quickly cover a couple highlights. Politifact.com
Submitted 1 years 235 days ago

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Texas Puts Brakes On Telemedicine — And Teladoc Cries Foul
On a recent trip to Chicago, Patti Broyles felt like she was looking at the world from the bottom of a fish bowl. "This weather was really cold and rainy and I had a lot of pressure in my sinus areas," Broyles says. Since she was nowhere near her primary care doctor in Dallas, she called Teladoc, the largest telemedicine provider in the U.S., for advice. Patients whose employers or insurers have deals with the Dallas-based company can call any time, and be connected with a physician on duty within minutes. NPR
Submitted 1 years 235 days ago

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5 things to know about Austin's newest water park
Austin's tourism, sports and recreation industries got a hefty shake-up Monday with the news of a planned, massive water water park near Austin-Bergstrom International Airport in southeast Austin — with its 12-acre wave pool for surfboarding. Here's five essential takeaways you need to know: Austin Business Journal
Submitted 1 years 235 days ago

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Alabama construction employment grows in April
Alabama saw a 3 percent climb in construction employment year-over-year in April. According to new data released by the Associated General Contractors of America, Alabama was one of 40 states and the District of Columbia to see employment rise in the industry during the month. Birmingham Business Journal
Submitted 1 years 235 days ago

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Watch the most amazing wedding video featuring Nick Saban you've ever seen
Following this weekend's nuptials between Kristen Saban, daughter of University of Alabama coach Nick Saban, and Adam Setas, a teaser video has been released capturing moments from the wedding. The almost 2-minute video showcases footage of the bride's reveal to her groom, guests, including Coach Saban and his wife, Terry, dancing during the reception and the couple's firework-framed, Rolls-Royce exit from Bryant-Denny Stadium. AL.com
Submitted 1 years 235 days ago

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That's The Randle Report for June 1, 2015
Join us again on tomorrow morning for all of the American South's business, economic development and political news in real time and in one place. Use the sort buttons or the search window above to find your favorite stories from yesterday, last week, last month or last year. Click on the headline to access Southern Business & Development magazine.
Submitted 1 years 236 days ago

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Hyundai's winding road to expansion in Montgomery
Hyundai took a chance in 2008, and it paid off in years of plant expansions in Montgomery and record sales for the company. Now Hyundai may be ready to take a chance again, but Montgomery's role is still up in the air. Seven years ago, the company came up with a new concept design for its flagship Sonata, a look that some felt was too radical for the market. "That was a rather controversial car at the time," said former Hyundai Motor America CEO John Krafcik, now the president of TrueCar. "If you look at it through the eyes of the consumer in 2008-2009, for some buyers it was too much. (Hyundai Motor Co. Chairman Chung Mong-koo) green-lighted that design primarily with a focus to grow in North America." Montgomery Advertiser
Submitted 1 years 236 days ago

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Hyundai official: Expansion in Montgomery would 'burden the labor force'
Hyundai Motor America says it will make a decision on where to build a new auto assembly plant within 90 days, and that it fears there may not be enough trained workers in the Montgomery area to staff the plant if they built it here, according to a new report. State and local leaders said Wednesday they were surprised by the comments from HMA President and CEO Dave Zuchowski, who told Automotive News that an expansion "would really burden the labor force." South Korean news agency Yonhap reported in March that parent company Hyundai Motor Co. is considering building a new factory near its current Montgomery assembly plant, with roughly the same 300,000-vehicle capacity as the current plant. The report cited anonymous sources within the company. Montgomery Advertiser
Submitted 1 years 236 days ago

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Economic progress: 8 matters that could move Tampa Bay forward
Signs of progress, signs of stagnation and, yes, signs of idiocy abound in any regional economy like Tampa Bay's. Fortunately, there's more to celebrate than lament. A few important events are mired in ideology. Their outcomes could yet become a plus or minus to the pace of job and business expansion. Here are eight matters worthy of closer attention. Tampa Bay Times
Submitted 1 years 236 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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