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NC officials tout rural manufacturing jobs
SHELBY, N.C. — Gov. Pat McCrory's administration said Friday that five companies plan to expand their manufacturing operations in North Carolina and hire up to 380 workers in the coming years. wral.com
Submitted 1 years 270 days ago

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Tools for growth: Toolmakers hold key to auto industry jobs, expert says
When leaders of a car-seat maker broke ground on a $37 million manufacturing facility in Montgomery this summer, their eyes were on the future. Montgomery Advertiser
Submitted 1 years 270 days ago

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What job creators think about economy now
U.S. small business optimism slipped in September as business owners worried about the economy's near-term outlook, but remained fairly upbeat on sales and expansion prospects. CNBC
Submitted 1 years 270 days ago

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5 things to know about government shutdown on Tuesday
The partial U.S. government shutdown is now a nervous watch on how close the world's largest economy comes to its first-ever debt default. What you need to know as the shutdown begins Day 8: USA Today
Submitted 1 years 270 days ago

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Can earnings season trump political gridlock?
NEW YORK -- Starting Tuesday, add the story line of third-quarter corporate profit reports to Wall Street's recent 24/7 fascination with the government shutdown and the countdown to a possible first-ever U.S. default. USA Today
Submitted 1 years 270 days ago

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Government Shutdown Is Costing The Economy $160 Million Per Day
Another day, another $160 million. That's how much the economy is losing every day on average, thanks to the government shutdown, according to data from global markets research firm IHS cited by Bloomberg. Closed national parks, a semi-spooked stock market, the stop to some government work and other factors related to the shutdown syphoned $1.6 billion from the U.S. economy last week, IHS found. Huffington Post
Submitted 1 years 270 days ago

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That's The Randle Report for Monday, October 7, 2013
Join us again 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 271 days ago

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Texas powers U.S. to top spot in oil and gas production
The United States will pass Saudi Arabia and Russia to become the world’s top oil and gas producer this year, according to a government report released Friday. Led by oil booms in Texas and North Dakota, the nation’s crude oil production hit 7.5 million barrels per day in July, a 45 percent jump over July 2008. The United States produced 2.5 trillion cubic feet of natural gas in July, a 16 percent jump from five years, boosted largely by shale gas production in the Northeast, according to data from the U.S. Energy Information Administration. Houston Chronicle
Submitted 1 years 271 days ago

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VW labor chief says Chattanooga model hinges on works panel
BERLIN, Oct 7 (Reuters) - Volkswagen's top labour leader lent weight on Monday to efforts by U.S. union UAW to represent workers at the German company's U.S. plant, an issue that has raised hackles among some politicians and UAW critics. Volkswagen wants German-style labour representation at the plant and has held talks with the UAW. The union is keen to boost its declining membership and get a toehold that could allow it to expand among all foreign-owned auto companies. In a sign of political opposition, Tennessee Republican Bob Corker was quoted by Handelsblatt on Monday as saying it would be one of VW's "biggest mistakes" to allow the UAW to organise workers in Chattanooga.
Submitted 1 years 271 days ago

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Car rental company Hertz begins headquarters relocation to Florida
NAPLES, Fla. — Executives at car rental company Hertz are moving to new headquarters in southwest Florida. Hertz Chairman and CEO Mark Frissora will be among the company executives starting work Monday at temporary offices in Naples. The company's vice president of corporate affairs tells The News-Press that it's an important milestone. Hertz plans to build a $68 million campus in Estero. Employees will work at the leased offices in Naples until the new headquarters is finished in 2015. Tulsa World
Submitted 1 years 271 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 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     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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