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La. film tax credits in spotlight amid trial, budget crunch
A film production tax credit program lauded for making Louisiana home to productions including “NCIS: New Orleans” and “12 Years a Slave” is also lamented for its cost to a cash-strapped state government — and is at the center of a federal trial opening in New Orleans on Monday. The defendants are two film industry executives and a New Orleans attorney accused of taking part in a scheme to bilk the state out of more than $1.1 million in film tax credits. Neworleanscitybusiness.com
Submitted 1 years 237 days ago

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Dwindling oyster supply threaten’s town economy
APALACHICOLA, FL — Five generations of Philip Vinson’s family have labored using tongs to pull oysters from Apalachicola Bay’s shallow waters. He fears there won’t be a sixth. The local oyster industry is under threat from water-flow issues, environmental concerns, health and safety regulations and economic realities. Restaurants from New Orleans to Tampa and beyond tout Apalachicola oysters as the tastiest oysters around, but the annual harvest has been in decline. Apalachicola-based oyster houses have either stopped selling to restaurants on the wholesale market or have opted to supplement their supply with oysters from Texas and Louisiana. Highlands today.com
Submitted 1 years 237 days ago

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Missouri (Finally) Passes Data Center Tax Incentives
Missouri has approved data center tax incentives, following previous attempts that came up short. Governor Jay Nixon signed a bill passing the incentives thanks to some key differences this time around. Datacenterknowledge.com
Submitted 1 years 237 days ago

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Hundreds of New Jobs, Treatment Beds Planned for Hospital Desired for Covington
Hundreds of new jobs and a new answer to the lack of treatment beds for those struggling with drug addiction may soon land in Covington, according to an announcement. St. Elizabeth Healthcare, SUN Behavioral Health, and NorthKey Community Care have teamed up to develop a community-wide solution to the lack of access to inpatient behavioral health and chemical dependency resources for children, adolescents, and adults in Northern Kentucky. Rcnky.com
Submitted 1 years 237 days ago

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The Best Jobs For 2015
If you have an aptitude for high-level math, you relish the challenge of constantly changing assignments, you’re a strong communicator and you work well on a team, consider a career as an actuary, a job that involves calculating the probability and financial impact of illness and property loss, usually for a consulting firm or insurance company. The combination of healthy compensation, job satisfaction, manageable stress levels and robust growth land actuary in the No. 1 spot on job listing website CareerCast.com’s 2015 list of the best and worst jobs in the U.S. Next in the “best” ranking: Audiologist, a job that involves testing, diagnosing and treating hearing and balance problems. Forbes
Submitted 1 years 237 days ago

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The Electric Slide: States used to help people buy electric and hybrid cars. Now they’re punishing them for it.
uper-fuel-efficient cars have become political footballs. Supporters argue that investing in battery technology and the development of hybrid and electric cars will help reduce our dependence on fossil fuels. Meanwhile their critics rail against Department of Energy loans to battery and car companies while state legislatures have passed laws that ban Elon Musk’s Tesla from bypassing influential local dealers and selling its vehicles directly to consumers. This backlash reached a new level on April 2 when Georgia’s Legislature passed a big transportation law that would, among other provisions, end the state’s generous $5,000 tax credit for electric vehicles and slap a new $200 registration fee on people who already own them. Gov. Nathan Deal hasn’t signed the law yet but is expected to do so. Where his state once provided financial incentives to people who drive ultra-fuel-efficient cars, it will soon penalize them. Slate
Submitted 1 years 237 days ago

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Entergy Arkansas plans $62 million transmission project
Entergy Arkansas is planning a series of transmission investments aimed at boosting both reliability as well as attracting commercial and industrial investment in the state. The company expects to begin construction in the fourth quarter on a new transmission line which will cross parts of Drew and Desha counties, as well as making significant upgrades at Monticello Industrial Park. Utilitydive.com
Submitted 1 years 237 days ago

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Tulsa World Editorial: Petroleum job losses slow nation's economy
The national employment recovery slowed substantially last month, and we’re pretty sure we know why. Tulsa World
Submitted 1 years 237 days ago

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Top 5 Employers in Oklahoma: Which Companies Have the Most Jobs?
Businesses and organizations related to military, healthcare, and aviation are some of the largest employers in Oklahoma. The companies with the most jobs are located in Oklahoma's two largest cities: Oklahoma City and Tulsa. Here is a look at the top five employers in Oklahoma: Newsmax.com
Submitted 1 years 237 days ago

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Florida vs. California in 2015
My buddy, a former Floridian, lives in Long Beach, California, and last Sunday he had just finished mowing his lawn when he telephoned to catch up. Because of the much-publicized devastating drought there, the days of his green lawn — and mowing I would guess — soon could be numbered. The city is offering him a $2,000 stipend to replace his grass lawn with rock and drought-resistant plants like lemonade berry evergreens, deer grass and probably a cactus or two. Floridatoday.com
Submitted 1 years 237 days ago

 

 

 

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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