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Orlando tourism agency launches campaign to collect vacation memories
ORLANDO – Orlando’s chief tourism agency says it is launching a new marketing campaign centered on collecting the memories from tourists. The Orlando Sentinel reports Visit Orlando announced the global effort Sunday at the U.S. Travel Association IPW convention. The campaign began Sunday, but the agency won’t officially begin advertising for it until August. The website OrlandoStories.com is already live and will later begin accepting submissions from tourists. In April, Visit Orlando reported that more than 62 million visitors came to Orlando in 2014, making the theme-park mecca the most-visited tourist destination in the U.S. TBO.com
Submitted 1 years 236 days ago

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Clean-energy firm relocating to Greensville County, Va.
A green-energy com¬¬pany soon will make Greensville County its home. The company, 510Nano Inc., plans to move its headquarters from Durham, N.C., to the Greensville County Industrial Park during the next year. It will build a 100,000-square-foot manufacturing facility for the production of solar power systems. The $11 million project is expected to create 113 jobs within three years. Reginald Parker, CEO of 510Nano, says it develops energy power plants and develops clean technology. The company has a solar-energy farm in Garysburg, N.C. (which sells the electricity it generates to Richmond-based Dominion Resources) and two other solar farms in Los Gatos, Calif. Virginia Business
Submitted 1 years 236 days ago

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Louisiana isn't the only state debating its film tax credit program, according to Pew Trusts
The Louisiana Legislature is considering restrictions on its high-profile film tax credit program, but it wasn't the only state considering putting limitations in place this year, according to The Pew Charitable Trusts. The Alaska Legislature killed its film tax credit program last month. Massachusetts and Michigan also considering dumping their film tax credits, according to Pew. There was a push to get rid of them in Maryland as well. Film tax credits help lure high-profile motion picture, television and reality show productions to states like Louisiana, but several studies show (excluding those sponsored by the industry direction) the tax credits don't necessarily provide an large economic return on the investment. Louisiana state government spent $231 million on motion picture productions in 2011-2012 -- that's almost as much as it spent on TOPS, the widespread college scholarship program, this year. NOLA.com
Submitted 1 years 236 days ago

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Bobby Jindal responds to his low presidential poll numbers on ABC's 'This Week'
Gov. Bobby Jindal was asked about his presidential ambitions and poor showing in a recent Iowa poll during an interview on ABC's "This Week" Sunday Morning (May 31.) Jindal said he wasn't worried about being at the back of pack of would-be presidential candidates, because the GOP contender will have to earn his or her nomination. "On the Republican side, this will be an earned nomination, unlike the Democratic side, this is not a coronation," Jindal told "This Week" host George Stephanopoulos. NOLA.com
Submitted 1 years 236 days ago

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Miss. State finalizing R&D deal with Boeing
The Boeing Co. has chosen Mississippi State University as the host for a research center that will lead development on composites the company will eventually use to build its aircraft. The Stitched Resin Infused Composite Research Center will be housed within the university's Raspet Flight Research Laboratory. The company and MSU still have to finalize an agreement before the center opens. The school was selected through a competition with other universities. The University of Southern Mississippi will serve as a technology incubator of next-generation composite material systems. Clarion Ledger
Submitted 1 years 236 days ago

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Greg Word senior VP for Greater Jackson Chamber
Greg Word has accepted the position of senior vice president of the Greater Jackson Chamber Partnership. Word will lead the organization's economic development activities and facilitate the Greater Jackson Alliance, regional four-county economic development arm. Word has been with the Mississippi Development Authority as a bureau manager the past two years. He previously held positions with the North Mississippi Industrial Development Association and Mississippi State University. He is a graduate of Mississippi State University. Clarion Ledger
Submitted 1 years 236 days ago

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Georgia Power executives to testify on nuclear plant
ATLANTA (AP) — Georgia Power executives will face questions this week about the delays and expense of building a new nuclear plant. Utility regulators in Georgia will begin a new cycle of oversight hearings Tuesday delving into the company's progress in building two more nuclear reactors at Plant Vogtle in eastern Georgia. Ultimately, the state's elected regulators on the Public Service Commission must decide whether to give initial approval to Georgia Power's spending on the project during the six-month period ending Dec. 31. The facility is one of three nuclear plants under construction in the United States. Georgia Power, which owns a 46 percent stake in the project, originally expected to pay $6.1 billion on its share of construction costs. Delays have pushed that figure upward to $7.5 billion, according to the latest company estimate. NewsOK.com
Submitted 1 years 236 days ago

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Gov. Mary Fallin signs bill preventing Oklahoma cities from enacting drilling bans
Bans on oil and gas drilling by local governments in Oklahoma will be off-limits after Gov. Mary Fallin signed Senate Bill 809 on Friday. The legislation, which reaffirms the Oklahoma Corporation Commission as the primary regulator of oil and gas drilling, would prohibit cities from enacting drilling bans. It allows “reasonable” restrictions for setbacks, noise, traffic issues and fencing. The governor’s signature comes as Stillwater continues to update its city ordinances for oil and gas drilling. The city council is expected to review a revised version of the ordinance at its June 15 meeting. NewsOK.com
Submitted 1 years 236 days ago

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$1.2B tanker contract may hinge on Boeing sending more manufacturing to Korea
Korea might be ready to buy some Boeing (NYSE: BA) military planes. But in return, Korean aerospace contractors want in on the aerospace manufacturing action. Korean Consul General Moon Duk-ho said during a Thursday conference at Joint Base Lewis McChord just south of Tacoma that his country is considering an estimated $1.2 billion Boeing tanker purchase in June. But if Boeing wants to win that contract, the country wants the company to send some of its manufacturing work there as well. St. Louis Business Journal
Submitted 1 years 236 days ago

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Italian window manufacturer to add 122 jobs in Ste. Genevieve, Mo.
Italian window manufacturer Piva Group announced Friday that it plans to open a manufacturing facility in Ste. Genevieve, Missouri. It is expected to create 122 new jobs. The jobs will be in the manufacturing and distribution fields as well as IT, accounting, and customer service specialists, according to a press release. Piva Group’s only other production facilities are located in Italy and Spain, where the company employs a combined 400 workers. The facility is expected to cost approximately $6.47 million. It will be a 90,000-square-foot production facility capable of producing 300 windows per day. The Missouri Department of Economic Development did not immediately respond to a question about possible tax incentives for the company. St. Louis Business Journal
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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