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D-FW home foreclosures down almost 40 percent this year
So far in 2013, Dallas-Fort Worth area home foreclosure filings have dropped by almost 40 percent from where they were in the first six months of 2012. And the number of homes threatened for forced sale by lenders next month is 43 percent below year-ago levels. If the foreclosure activity continues to drop at current levels, 2013 could see the lowest number of home foreclosure filings in the 4-county area in almost a decade. Dallas Morning News
Submitted 1 years 284 days ago

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UAW-paid study says Mississippi on track to give Nissan more than $1.3 billion of incentives
JACKSON, Mississippi — Nissan Motor Co.'s Mississippi plant is on track to receive more state aid and tax breaks than what state and company officials have previously revealed, according to a study paid for by the United Auto Workers, which is questioning whether the state is getting enough for its money. The Republic
Submitted 1 years 284 days ago

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Big Data could generate millions of new jobs
FORTUNE -- With data analytics now one of the fastest growing fields in IT, it stands to reason that data scientists are in demand. That's great for people with the requisite skills. The problem, according to Peter Sondergaard, a senior vice president at IT research firm Gartner, is that there aren't enough of them. Fortune
Submitted 1 years 284 days ago

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Despite $35M In NC Incentives, NetApp to Layoff in RTP
Data storage giant NetApp has qualified for more than $35 million in state and local incentives during the past decade for hiring and expansion in Research Triangle Park. Those hiring incentives won’t spare the California technology company’s RTP site from the latest round of layoffs, NetApp officials said Tuesday. News Observer
Submitted 1 years 284 days ago

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General Machine of Anderson Expands Its Anderson County, South Carolina Manufacturing Facility
General Machine of Anderson will invest $800,000 to expand its metalworking and manufacturing operations in Anderson County, South Carolina. The company plans to add manufacturing space that will house additional equipment and allow the company to increase its machining fabricating, sheet metal and manufacturing capacity. Phase one of the two-phase expansion, the construction of an assembly building, is complete. Phase two of the expansion will be the addition of fabricating space, and should be completed by November. Area Development
Submitted 1 years 284 days ago

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Danos Invests $30 Million In Louisiana Manufacturing Facility and Gray, Louisiana Headquarters
Energy firm Danos said it will retain its headquarters in Louisiana and that Danos & Curole Marine Contractors selected a site in Gray, Louisiana, for its new $10 million corporate headquarters facility. In addition, Danos is evaluating multiple Louisiana port locations to select where it will build a new $20 million manufacturing and fabrication facility. Area Development
Submitted 1 years 284 days ago

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Automotive supplier Van-Rob Manchester Invests $16.8 Million To Expand Its Manchester, Tennessee, Production Facilities
Automotive supplier Van-Rob Manchester will invest $16.8 million to expand its manufacturing facility on Volunteer Parkway in Manchester, Tennessee. The Tier 1 supplier to auto industry will create 104 new jobs and invest $16.8 million in Coffee County. The expansion will take place in two separate phases. The first phase will allow Van-Rob to consolidate two plants, both located on Volunteer Parkway, under one roof. The 42,500 square foot addition will bring Van-Rob’s manufacturing space to 112,000 square feet at its Coffee County facility. This expansion is scheduled for completion in December. The second phase will add 36,000 square foot to the facility’s press shop. This addition, which will take place in the next two years, will allow for larger transfer presses for future growth. Area Development
Submitted 1 years 284 days ago

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Aerospace firm adding 80 AL jobs
ARDMORE, Alabama – An aerospace avionics company that opened last June in Dekko Industrial Park in Ardmore is expanding a year later by doubling its facility space and making plans to add 80 workers. al.com
Submitted 1 years 284 days ago

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State comptroller warns Memphis officials about city's fiscal condition
NASHVILLE — The state comptroller on Monday issued a stern warning to Memphis officials about the city’s fiscal condition, focusing on concerns about a debt refinance plan the city wants to undertake that defers debt to about 2025. Commercial Appeal
Submitted 1 years 284 days ago

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Poll: Tennesseans favor Haslam, Medicaid expansion, against Internet tax, 'Obamacare'
NASHVILLE — A growing majority of Tennesseans support expansion of Medicaid within the state though most at the same time have an unfavorable impression of the federal law that authorizes expansion, according to a Vanderbilt University poll released Tuesday. Commercial Appeal
Submitted 1 years 284 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 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     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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