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Viva Health plans to hire 240 to manage Alabama Care Plan
Earlier this month, Gov. Robert Bentley announced the six regional care organizations that will manage Alabama's Medicaid patients, and Alabama Care Plan was selected as the RCO to oversee Region B, which includes most of metro Birmingham and other portions of eastern and central Alabama. Viva Health's parent Triton Health System, along with the University of Alabama at Birmingham and St. Vincent's Health System, is affiliated with Alabama Care Plan and Viva CEO Brad Rollow expects to hire more than 200 employees in Region B to manage the increase in patients. Birmingham Business Journal
Submitted 1 years 243 days ago

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Year in Review: Exxon Mobil campus changes Houston’s real estate landscape
Exxon Mobil's new campus was a "game-changer" for the Houston real estate market in 2014. The Irving, Texas-based energy giant is building a new corporate campus on 385 acres in Spring, north of Houston. It is one of the largest construction projects underway in North America. When finished by late 2015, the Exxon Mobil Corp. (NYSE: XOM) complex will boast about 20 office buildings and house more than 10,000 employees from Houston and Fairfax, Virginia. Plans also call for a 100,000-square-foot gym, an on-site daycare center for 300 children, town hall and auditorium, executive office and meeting rooms and an outdoor plaza that can host up to 3,500 attendees. Houston Business Journal
Submitted 1 years 243 days ago

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Why 2014 was a landmark year for high-speed rail in Texas
A decade from now, high-speed rail could be as commonplace in Texas as interstates and air travel. Commuters will hop on a 205-mph bullet train in downtown Dallas and find themselves in downtown Houston 90 minutes later. Trains could make 68 trips a day between the two cities. If this happens the way Texas Central Railway envisions, historians will look back at 2014 as the year privately funded bullet trains finally got on the fast track in the United States. Houston Business Journal
Submitted 1 years 243 days ago

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Oil slump hasn't hit related industries in Texas — yet
The fluctuation of oil prices has arguably been the story of the year for the energy industry, and it's had a big impact on Houston's oil and gas companies big and small. But even though some bigger companies are cutting budgets and jobs, the ripple effect for companies that supplement Houston's energy industry hasn't hit just yet. "No one has come in and said, 'We were planning on doing this; now we're not,'" said Doug Hubbard, managing partner of The Talance Group, a boutique Houston-based hiring firm that focuses on the oil and gas industry. Houston Business Journal
Submitted 1 years 243 days ago

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Legislature 2015: Push will soon be on at the Capitol to make manufacturing work in Texas
Business leaders have coined a name for the trend that is returning manufacturing plants to American soil after a lengthy absence: reshoring.The term, of course, is the opposite of offshoring. Offshoring was the siren's song for manufacturers of the past, the lure of cheap labor either across the ocean or south of the border. Some predicted offshoring would put a permanent end to American manufacturing. But recent economic numbers show a modest, but growing, uptick in manufacturing in many parts of the country — including Texas — albeit an industry with a technological upgrade. Dallas Morning News
Submitted 1 years 243 days ago

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San Marcos, Texas startup could add 350 jobs, depending on incentives
San Marcos City Council is looking to attract 350 new jobs to the city with a new economic incentive agreement with United WELD Operations LLC, reports the San Marcos Mercury. Under the terms of the agreement, the company is required to hire 350 new full-time employees by the end of 2019 and keep them on staff through 2025. The jobs are expected to have a medium wage of more than $40,000 per year. The metal fabrication company is expected to make a $15 million capital investment in its new space in a former factory, the report said. Austin Business Journal
Submitted 1 years 243 days ago

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Patriot Coal idles 2 Kentucky mines
Patriot Coal Corp. is idling two western Kentucky mining operations while it mulls the future of coal production there. The company said in a release Sunday that the Highland Mine near Henderson, Kentucky, and the Dodge Hill Mining Complex located near Sturgis, Kentucky, would be idled effective Monday. Those operations employ about 670 people and in 2013 produced 3.9 million tons of thermal coal, used to generate electricity. St. Louis Business Journal
Submitted 1 years 243 days ago

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Novozymes' new Research Triangle Park headquarters was once duckweed central
At a 16-acre campus, in a lab where investors had banked millions on a green, free-floating aquatic plant known as "duckweed," Novozymes is trying to change farming forever. When Novozymes nixed its Cary expansion plan for Research Triangle Park, the Danish enzyme giant paid $5.25 million for the building and campus that used to be occupied by another company trying to change the world: Synthon Pharmaceuticals. Novozymes, which is planning a move in the first part of 2015 to the site, initially planned to move to Cary, but undisclosed complications had it looking elsewhere, ultimately choosing the building at 108 T.W. Alexander Drive. Triangle Business Journal
Submitted 1 years 243 days ago

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When the ball drops, so will N.C. corporate tax rates
Beginning Jan. 1, North Carolina corporations will see another tax benefit as the corporate income tax is reduced to 5 percent. The reduction is a result of tax overhaul passed in 2013, but which takes effect over three years. The corporate tax rate was reduced from 6 percent, and could potentially come down even farther if net general tax collections in the year ending June 30 exceed $20.2 billion. Individuals will see income tax reduced to 5.75 percent from 5.8 percent. Although that drop isn't as much proportionately as the corporate income tax, individuals saw a bigger benefit last year. Triangle Business Journal
Submitted 1 years 243 days ago

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Economic hopes kindle as Florida puts New York in rear-view mirror
Hey New York, eat our dust. It's isn't every decade that the Sunshine State gets to overtake the Empire State. New York was a behemoth compared to us not so long ago. When my Florida-born father-in-law turned 11 — granted, more than a century ago — New York boasted 12 times the number of Floridians. This past year, Florida added nearly 300,000 new residents. New York gained just over 50,000, one-sixth the population pace. Not to dis New York. I spent a lovely millennium during my four years of college in cloudy, chilly upstate New York. I started my reporting career and got married in the heart of the Big Apple. But somebody's got to be fourth. It's New York's turn. Is that pecking order so important? Tampa Bay Times
Submitted 1 years 243 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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