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The Reason the Georgia Race Has Become a Dead Heat
One of the most startling developments in the fight for the Senate this year is that Michelle Nunn, the Democratic candidate in Georgia, has closed the gap with the Republican David Perdue. Her gains came after it was revealed that Mr. Perdue, a business executive, said in a deposition in 2005 that he was proud of his record of outsourcing. New York Times
Submitted 1 years 246 days ago

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Film studio to be built at former Atlanta Mall
A development firm plans to hold a ceremony today in Union City to mark the start of demolition of the former Shannon Mall and to announce the first phase of the project’s redevelopment — including a new movie studio facility. Atlanta Journal Constitution
Submitted 1 years 246 days ago

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Mike Hubbard lobbied Gov. Robert Bentley directly on behalf of company
CULLMAN, Alabama - Count 13 of the 23 count indictment of House Speaker Mike Hubbard charges he used his position for personal gain by lobbying the "office of the governor for the state of Alabama" on behalf of a private company. Hubbard's conversation was not with a staff member or anyone representing the governor. It was of Gov. Robert Bentley himself, according to several sources with knowledge of the state investigation into Hubbard. AL.com
Submitted 1 years 246 days ago

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The US Economic Expansion Could Continue Through March 2019
Despite the steady improvement in the Index of Coincident Economic Indicators (CEI) since the end of the last recession, there continue to be lots of downbeat assessments of the performance of the US economy during the current expansion. But there is potentially an important upside. Consider the following: Business Insider
Submitted 1 years 246 days ago

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That's The Randle Report for October 24, 2014
Join us again 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 249 days ago

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U.S. Executives Remain Bullish on American Manufacturing, Study Finds
Decision Makers at Large Manufacturers Expect the U.S. Share of Their Production to Rise an Average of 7 Percent in Five Years; Half Expect to Boost U.S. Factory Jobs by 5 Percent or More, According to Latest BCG Manufacturing Survey CHICAGO, October 23, 2014—U.S.-based executives at large companies remain bullish on American manufacturing, and their actions are starting to show it, according to new research by The Boston Consulting Group (BCG). The firm’s third annual survey of senior manufacturing executives at companies with sales of $1 billion or more found that the number of respondents who said that their companies are already bringing production back from China to the United States had risen 20 percent—from roughly 13 percent to 16 percent—in the past year. BCG.com
Submitted 1 years 249 days ago

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Researchers: Triangle startups will go 'on a rampage'
Optimism. That's the big takeaway word from the first installment of a quarterly North Carolina State University survey measuring the outlook of Triangle entrepreneurs. Initial results show optimism for increased revenue, spending and employment well into spring 2015. Almost 87 percent of the 199 Triangle-area entrepreneurs surveyed expect an increase in revenue over the next six months. "With a quarter of the sample reporting being pre-revenue and still 87 percent of the folks anticipating positive increases in sales, that could mean that the nascent or pre-revenue businesses we are cultivating in the Triangle are about to sort of go on a rampage," says Jeff Pollack. Triangle Business Journal
Submitted 1 years 249 days ago

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Private companies operate behind closed doors, make a big economic impact
There is a misconception that "private" means "small," according to Brian Hamilton, chairman of financial information company Sageworks. "In reality, private companies come in different shapes, sizes, varieties, and revenue figures. A lot of them have chosen to remain private, despite many opportunities to do otherwise," Hamilton said in a statement. The 100 largest private companies in Tampa Bay – those on our Tampa Bay Business 100 List – employ a combined 256,334 workers and posted a collective $52.8 billion in revenue in 2013, up 9.7 percent from 2012 revenue. Tampa Bay Business Journal
Submitted 1 years 249 days ago

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Senate must pass RAMI Act to keep manufacturing strong: reader opinion
Manufacturing has long been one of the premier cornerstones of the American economy. Across the country, one in six private sector jobs is supported by manufacturing and 12 million people are employed directly by manufacturers. Alabama is no different. Here, 13 percent of the population works in manufacturing. Alabama houses three internationally known car manufacturers in Mercedes, Honda, and Hyundai, and also was the staging ground for NASA's creation of the Saturn V rocket, playing a major part in putting the first man on the moon. AL.com
Submitted 1 years 249 days ago

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Birmingham's 5 most-wanted retailers: Can the Magic City land Ikea?
Trader Joe's was once one of Birmingham's most coveted stores. When the Birmingham Business Journal ran a poll last year of the most wanted brands in the Magic City, readers overwhelmingly said they wanted the boutique grocer. Now that Trader Joe's has responded to the demand by announcing a 12,000-square-foot store at the Summit, we decided to survey readers again to find out which store is now the most wanted in Birmingham. Birmingham Business Journal
Submitted 1 years 249 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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