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Chinese solar manufacturer opening Jackson, MIss., facility
A Chinese solar module manufacturer will open a facility in Jackson by the end of 2015. Seraphim Solar Manufacturing USA says the assembly plant will employ 250 people within the first five years of operation. The project represents a $50 million investment with an annual payroll of up to $7.3 million. Phase 1 of the project will conclude by year's end. Phase 2 will begin sometime in 2016. Clarion Ledger
Submitted 1 years 230 days ago

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House to White House: Keep hands off oil and gas revenue sharing for Gulf states
WASHINGTON – The House approved by voice vote Thursday night a measure that would block President Barack Obama's budget proposal to divert up to $500 million a year in off-shore revenue sharing for Gulf states to national environmental needs. "My amendment today is simple -- to protect the clearly defined statute and prevent the president from using these revenue sharing agreements as a slush fund for politically driven environmental projects across the country," said Rep. Bradley Byrne, R-Ala., who offered the amendment to a pending Department of Interior spending bill. NOLA.com
Submitted 1 years 230 days ago

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San Antonio recognized for manufacturing excellence by feds
The Alamo Manufacturing Partnership was designated a “manufacturing community” through the Investing in Manufacturing Communities Partnership program through the U.S. Department of Commerce, U.S. Rep. Lloyd Doggett announced Wednesday. “San Antonio becomes the first city in Texas to achieve this well-deserved national designation,” Doggett said in a news release. “This recognizes past successes and provides tools to advance our strong economy. Expanding our skilled workforce is essential to expanding local manufacturing. This designation should be helpful in accessing federal funds for successful job training programs like the Alamo Academies to assist in filling well-paying manufacturing jobs.” San Antonio Business Journal
Submitted 1 years 230 days ago

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Biologics plans more jobs, more expansion after move into new Cary, N.C., HQ building
Less than two weeks after the executives and staff of Biologics Inc. began moving their headquarters operation into the company's new 76,000-square-foot office building on Weston Parkway in Cary, Biologics is already making plans for its next big expansion. The oncology services company plans to hire another 175 employees in 2015 with an additional 175 new hires in 2016, according to Biologics spokeswoman Allison Kenan. The expansion would bring the company's total employee count to more than 700 people. Triangle Business Journal
Submitted 1 years 230 days ago

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N.C.'s Golden LEAF Foundation hopes budget negotiations will restore funding
Dan Gerlach, president of the Golden LEAF Foundation, says a proposal in the General Assembly to restore millions of dollars in funding to the organization would greatly improve its ability to help create jobs in rural regions of the state. The Rocky Mount-based Golden LEAF Foundation was created after the 1988 settlement between tobacco manufacturers and the states. Its goal is to help rural communities fund infrastructure projects businesses need in order to expand or to relocate, thus bringing jobs to poorer regions of the state. It used to receive 50 percent of North Carolina’s portion of the national settlement, amounting to roughly $70 million each year. Triad Business Journal
Submitted 1 years 230 days ago

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Community demands bigger role in Atlanta's Turner Field redevelopment
They didn’t have an appointment. But, that didn’t stop about 60 concerned Turner Field neighbors from marching into Atlanta Mayor Kasim Reed’s office on Tuesday. The group called the Turner Field Community Benefits Coalition delivered a letter that demands the neighborhood have a bigger role in the redevelopment of the stadium, which will be vacated when the Atlanta Braves move to Cobb County in 2017. Atlanta Business Chronicle
Submitted 1 years 230 days ago

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Ben Affleck movie "Live By Night" to film in Atlanta
Warner Bros.' crime drama "Live By Night," starring Ben Affleck, will film in Atlanta this month, according to ComeTourGeorgia.com. The movie, set in the Prohibition Era, centers around a group's dealings in organized crime. It also stars Zoe Saldana, Sienna Miller and Elle Fanning, according to IMDb.com. Affleck wrote the film's screenplay, adapting it from Dennis Lehane's novel of the same name, and he is also producing and directing. Another of the film's producers is Leonardo DiCaprio. Atlanta Business Chronicle
Submitted 1 years 230 days ago

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Georgia’s Moon River Studios is now America’s largest film and television studio project
Georgia is No. 1 for growth in the film industry, and now it boasts America’s largest film studio project. After buying grip and lighting equipment house AppleBox Productions, Georgia-based Moon River Studios is now the biggest studio project in the United States. Moon River Studios, a division of Rincon, Ga.-based FONU2 Inc., is developing a 1,560-acre full service production complex in Effingham County, Ga. Atlanta Business Chronicle
Submitted 1 years 230 days ago

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Hollywood names Georgia a top rival in pilot production
January through April means pilot season for television shows, and Georgia is becoming a coveted spot for pilot production, according to a study released by FilmL.A. on July 7. During the 2014-2015 pilot cycle, Georgia tied for fourth with Toronto for the number of pilots filmed in a location. Of the 202 films surveyed by FilmL.A., 91 shot in California, 25 shot in New York, 16 shot in Vancouver, nine shot in Atlanta and Toronto and eight shot in Louisiana. No other location hosted more than five pilots. Atlanta Business Chronicle
Submitted 1 years 230 days ago

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Fort Campbell anxiously awaits news on job cuts
The U.S. Army will soon announce plans to cut 40,000 soldiers from its ranks. In Clarksville, the question now is how many of those cuts will happen at Fort Campbell. The military post has long been Clarksville's major economic engine, but it's one that's already faced recent cuts. The post's 159th Combat Aviation Brigade was deactivated earlier this year. That will reduce Fort Campbell's population to 26,500 by the end of the year, down from a high of more than 31,000 in 2013, The Leaf-Chronicle reports. Nashville Business Journal
Submitted 1 years 230 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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