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Company to Invest $18 Million, Create 100 New Jobs in Newport, AR
NEWPORT, AR (Press Release) – Southwest Steel Processing, a manufacturer of railcar and oil and gas components, today announced it is expanding its facility in Newport, Arkansas. The company plans to invest $18 million in the facility and add 100 jobs over the next two years. The addition of 100 jobs will bring total employment at the Newport facility to 220. The expansion will allow Southwest Steel Processing to develop a new forging line. Governor Asa Hutchinson joined local and company leaders at the announcement in Newport. Myarklamiss.com
Submitted 1 years 236 days ago

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Governor McAuliffe Announces 101 New Jobs in Henry County
RICHMOND – Governor Terry McAuliffe announced today that Monogram Food Solutions, LLC, a Memphis-based manufacturer of value-added processed meats, will invest $7.244 million to establish a warehousing and logistics operation in Henry County. The company has operated a meat snacks production facility in the Henry County Patriot Centre Industrial Park since 2009. Virginia successfully competed against two other states for the project, which will create 101 new jobs. Martinsvilledaily.com
Submitted 1 years 236 days ago

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Dramatic decline in mass layoffs in North Carolina
Layoffs – at least those reported to the state of North Carolina – drastically declined in May. That’s according to data obtained by the N.C. Department of Commerce. A total of 100 pink slips were reported to the state in May, all resulting from a Hospira plant closure in Clayton. Compare that to the more than 500 layoffs reported in April. Triangle Business Journal
Submitted 1 years 236 days ago

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San Antonio looks to strengthen economic development efforts
The San Antonio Economic Development Foundation has made a number of executive changes in an effort to retain and attract more companies and jobs. San Antonio Business Journal
Submitted 1 years 236 days ago

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RxCrossroads adding nearly 100 jobs in Louisville
RxCrossroads is looking to fill nearly 100 positions in its Louisville offices by the end of the month. The company serves the biotechnology and pharmaceuticals industries. Its services include supply-chain logistics, reimbursement assistance, financial assistance, compliance and adherence programs, trial offer programs and specialty pharmacy services. Business First
Submitted 1 years 236 days ago

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Georgia using training centers as tool for attracting industry and getting it working faster
ATLANTA --State leaders hope their expansion on a successful concept will continue to bear fruit, namely training centers dedicated to company employees. The first was built in West Point at the site of Kia Motors assembly plant, and the second has just begun operations new Athens. A third is in the planning stage for Pooler, near Savannah. Athens Banner Herald
Submitted 1 years 236 days ago

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Paper Mill Planning $270 Million Expansion At Cahoun, Tn., Facility
Resolute Forest Products U.S., Inc. will invest $270 million to undertake a major expansion at its pulp and paper mill located in Calhoun, Tn., Governor Bill Haslam and Economic and Community Development Commissioner Randy Boyd announced Monday. Chattanoogan.com
Submitted 1 years 236 days ago

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Fernandina Beach competing for $110 million plant expansion
Rayonier Advanced Materials is looking at a major expansion of its Fernandina Beach facility. The company has entered in a non-binding agreement with Borregaard ASA, a Norwegian firm, to build a new $110 million plant on the Rayonier property. If they go through with it, the venture would create a new company that would be owned 45 percent by Rayonier Advanced Materials, also recognized by its stock symbol, RYAM, and 55 by Borregaard. The companies will be seeking incentives from state and local agencies, though no figures have been released. Jacksonville.com
Submitted 1 years 236 days ago

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Volkswagen-Funded Study Determines Incentives Given To Volkswagen Are Good Business
No, you didn’t stumble onto the Onion website – that headline is for real. All Volkswagen needed was New Jersey Governor Chris Christie to chopper into Chattanooga, Tennessee to make the revelations in a press release this week seem even less credible. See, Volkswagen is touting a University of Tennessee study that determined controversial incentives from the state of Tennessee for the expansion of VW’s assembly plant in Chattanooga are, in fact, a damn good investment for the state. Portside.org
Submitted 1 years 236 days ago

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Tesla Batteries Behind Florida Solar Project
Tesla's highly-touted power storage system is being put to use by a new solar panel system in Florida. Duke Energy Florida and the University of South Florida's St. Petersburg campus last week announced the project, which placed a 100-kilowatt solar system atop a campus parking garage with help from a $1 million Duke grant. Manufacturing.net
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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