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Redefining workforce development: 'Trainable' employee pool no longer enough
MOBILE, Alabama -- For decades, the universal mantra of economic development officials has been the availability of a “trainable workforce,” but a post-recession economy and increasingly global marketplace is systematically redefining this Holy Grail of recruiting tools. “When we say trainable now, what we mean is skilled, and not just basic skills. Those are expected. They’re pre-requisites,” said Troy Wayman, vice president of economic development for the Mobile Area Chamber of Commerce and chairman of the Southwest Alabama Workforce Development Council. al.com
Submitted 1 years 291 days ago

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Memphis City Council hears from critic of economic development incentives
Public incentives have become the costly new "war between the states," one that often pits neighboring communities against one another in a winner takes all competition for valuable jobs, an author and consultant critical of public incentives told a Memphis City Council committee Tuesday. "Too many of them have become deregulated and so they've just become either 'gimmes' or political pork," said Greg LeRoy, executive director of Good Jobs First, an organization that focuses on making government incentives more accountable and effective. "They don't really match the definition of incentive anymore, causing something to happen that isn't happening." Memphis Commercial Appeal
Submitted 1 years 291 days ago

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Savannah Firm Adding 150-200 Jobs
A machine company has announced plans for an expansion of its Savannah facility that is expected to add up to 200 jobs. K Machine Industrial Services LLC announced the expansion Tuesday at a meeting of the Savannah Economic Development Authority. Company officials said the firm will expand its existing Savannah facility by 20,000 square feet, adding larger machines and 150 to 200 new jobs when the project is complete in about two years. GPB News
Submitted 1 years 291 days ago

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BP expected to admit to criminal misconduct in 2010 spill
HOUSTON (Reuters) – BP Plc is expected to plead guilty to criminal misconduct in the 2010 Deepwater Horizon disaster through a plea agreement it has reached with the U.S. Department of Justice that may be announced as soon as Thursday, according to two sources familiar with discussions. The sources, who spoke to Reuters on condition of anonymity, said that BP will plead guilty in exchange for a waiver of future prosecution on the charges. BP and the Justice Department declined to comment.
Submitted 1 years 291 days ago

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Tampa, Hillsborough offer incentives to expanding companies
TAMPA -- Two financial services companies are asking Hillsborough County and the city of Tampa to help them expand their operations in the city. A third, unnamed company, has approached Hillsborough County and the city of Temple Terrace with the same request. Together, the three firms are seeking nearly $2 million in state and local aid over the next four or five years to add about 1,000 jobs to the local market. "They're careers," said Brandi Young, spokeswoman for Digital Risk LLC, an Orlando-based firm that vets mortgage documents. Tampa Bay Online
Submitted 1 years 291 days ago

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Hostess says it will liquidate if strikers don't return by Thursday afternoon
Irving-based Hostess Brands Inc. said Wednesday that it will seek to liquidate itself in bankruptcy if a sufficient number of striking employees fail to return to work by 5 p.m. Eastern (4 p.m. Central) on Thursday. “We simply do not have the financial resources to survive an ongoing national strike,” said Gregory F. Rayburn, the Irving company’s chairman and CEO, in a statement. That would entail the loss of nearly 18,000 jobs, Hostess’ statement said. Dallas Business Journal
Submitted 1 years 291 days ago

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Mayor Vincent Gray unveils economic development plan for D.C.
Mayor Vincent C. Gray unveiled a plan Wednesday that he said would create 100,000 jobs and generate $1 billion in revenue for the District over five years through initiatives that include developing McMillan Reservoir into a medical hub and attracting more foreign investors and tourists. The ambitious plan was created through a partnership with the business schools at George Washington, Georgetown, Howard and American universities, which had a combined 16 MBA students working on the project with the schools’ deans. The Washington Post
Submitted 1 years 291 days ago

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If Fla. doesn't pan out, Ga. GOP wants Allen West
All signs continue to point to a defeat for Rep. Allen West, R-Fla., in his bid for a second term, but the feisty conservative congressman is refusing to give up. West's campaign filed papers in St. Lucie County, Fla., requesting a recount of early ballots. If granted, this would be the second recount. A previous, partial recount has already occurred and its results showed West with 1,907 fewer votes than challenger Patrick Murphy. That gave Murphy a 0.6 percent lead, which is greater than the 0.5 percent threshold Florida requires for an automatic recount. CBS News
Submitted 1 years 291 days ago

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Texas Instruments to lay off 1,700
(CNNMoney) -- Chipmaker Texas Instruments said Wednesday that it will lay off 1,700 workers in an effort to shift focus away from its struggling mobile business. The job cuts represent about 5% of TI's staff, and they are part of a previously announced restructuring initiative aimed at cutting costs and increasing its presence in the burgeoning embedded device market. Shares of Texas Instruments (TXN, Fortune 500) rose about 1% in afterhours trading.
Submitted 1 years 291 days ago

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Out to lunch
The Randle Report is breaking for lunch and making way for a new editor shift. Click on the headline above to access Southern Business & Development's Web site for more detailed information on economic development in the South. Posts will resume at 2:00 pm CDT.
Submitted 1 years 291 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 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     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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