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Insure Tennessee a real test for Haslam
NASHVILLE — Gov. Bill Haslam faces what may be the biggest test of his political career this week as he attempts to persuade fellow Republicans in the GOP-dominated General Assembly to approve his proposed Insure Tennessee plan. Right now, the vote looks to be a squeaker in the special session that starts Monday. Columbiadailyherald.com
Submitted 1 years 239 days ago

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Finally. A national ranking in which the state of Alabama doesn't stink: Monday's Wake-Up Call
There has been a lot of talk about vaccines lately after an outbreak of measles was traced to unvaccinated children at Disney World. And while the debate over vaccinations rages, health officials in Alabama point to the state's high rates of inoculations as a positive thing. AL.com
Submitted 1 years 239 days ago

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Airbus hiring heats up: Is one of the latest positions in Mobile right for you?
Airbus posted Friday its latest round of open positions for its A320 final assembly line under construction at Mobile Aeroplex at Brookley. The process improvement manager is responsible for creating an environment managed by "lean methods, tools and concepts" to support the final assembly line. AL.com
Submitted 1 years 239 days ago

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1,600 layoffs at US Steel? Well, at least it's not totally shut down like the 1980s
When US Steel announced it might lay off up to 1,600 workers in Alabama this week, it warned this adjustment would be temporary. That number might change - 1,600 is a maximum. But even if it doesn't, at least it's not completely shutting down, like it did in 1980. And then again in 1982. AL.com
Submitted 1 years 239 days ago

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Economic Growth in 2014 Fastest Since 2010
WASHINGTON - The U.S. economy had its best year since 2010 last year, outpacing all of the other major developed countries as consumer confidence picked up, helped by sinking oil prices. Industryweek.com
Submitted 1 years 239 days ago

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That's The Randle Report for January 30, 2015
Join us again on Monday 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 242 days ago

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Music City creatives embrace new sides of Nashville
Nashville has become a national destination. Whether out-of-towners are visiting for the weekend, or young graduates and couples come to start their careers or families, they know they can expect two things: Southern charm and good music. Nashville lives up to its title as Music City, as it really is the place to be for artists, singer-songwriters and those aspiring to jump into the music industry and looking to collaborate, grow and create. The nature of the industry combined with the booming population of the city make for an even more competitive landscape, but Nashville knows how to make newcomers feel welcome. The Tennessean
Submitted 1 years 242 days ago

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Another year, another record for Kentucky Bourbon Trail
It was another record year for the Kentucky Bourbon Trail and the Kentucky Bourbon Craft Tour. Combined, the two tours had nearly 725,000 visits last year, and an all-time high of 18 participating distilleries, according to a news release. "Some of our distilleries are up 200 percent in attendance over the last five years, which is great news for local communities that are reaping the tourism benefits," Eric Gregory, president of the Kentucky Distillers' Association, said in a news release. "And that best news is that we keep adding more and more distilleries." The Kentucky Bourbon Trail tour, which features nine distilleries, was created by the KDA in 1999. The tour had 627,032 visits in 2014 — 10 percent more than the year before. Business First
Submitted 1 years 242 days ago

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Will bourbon boom follow craft beer craze in the Triad?
The Triad's thirst for craft beer is providing a boost to those interested in moving from home brew to full-scale brewing operations, with multiple new breweries in the works and those established craft breweries expanding their territories. And at the same time, craft distilling is gaining steam nationally, with bourbon in particular occupying more space behind the bar and on the menu. Now a local family is planning to launch what would become Greensboro's first distillery. Triad Business Journal
Submitted 1 years 242 days ago

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Kiawah Island tops list of resort spas in Southeast, Central America
Add another accolade to the Charleston area’s long list of top rankings. Kiawah Island, just outside the Holy City, won top honors from online real estate reviewer Real Estate Scorecard among its Top 10 spa resorts within master-planned communities in the Southeast and Central America. “Known as one of the top South Carolina destinations in the Lowcountry, Kiawah Island is often referred to as the ‘Hamptons of the South,’” Fort Lauderdale, Fla.-based Real Estate Scorecard said. Post and Courier
Submitted 1 years 242 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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