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Federal waiver will save Kentucky employers about $112 million this year
FRANKFORT, Ky. — Gov. Steve Beshear today announced that Kentucky employers will save an estimated $112 million for the 2014 tax year, because the state has qualified for a waiver under the Federal Unemployment Tax Act (FUTA). Lane Report
Submitted 1 years 247 days ago

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HealthSouth to buy Texas home health company for $750M
HealthSouth Corp. has agreed to buy Dallas-based Encompass Home Health and Hospice for $750 million. The deal is expected to close before the end of the year. Birmingham Business Journal
Submitted 1 years 247 days ago

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Bowling Green, Louisville recognized as ‘World’s Best Cities’
BOWLING GREEN, Ky. — Bowling Green and Louisville were each recognized as a Top 10 All-American City by National Geographic in its book “World’s Best Cities: Celebrating 220 Great Destinations.” Lane Report
Submitted 1 years 247 days ago

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Raleigh-Durham airport plans final demolition work at Terminal 1 concourses
Raleigh-Durham International Airport is moving forward with the final phase of the Terminal 1 reconstruction: the tear-down of what's left of the old building. Triangle Business Journal
Submitted 1 years 247 days ago

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Israeli startup moving U.S. HQ to St. Louis
Kaiima Bio-Agritech, an Israeli startup that has raised nearly $100 million to date, is establishing its U.S. headquarters in St. Louis. St. Louis Business Journal
Submitted 1 years 247 days ago

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Katy master-planned community on pace for completion in 2015
Developers, including the one behind a master-planner community in the works in Katy, continue to move westward, offering up more homes on Houston's outskirts. Houston Chronicle
Submitted 1 years 247 days ago

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Florida in bottom 20 for commercializing technology and science
The Sunshine State has seen slight improvement in its score with a national index on commercializing technology and science. Florida ranked No. 37 of 50 overall, up from 38 in 2012 and 40 in 2010, but lower than an all-time high of 29th place in 2002, the index's first year, according to the 2014 Milken Institute state technology and science index. South Florida Business Journal
Submitted 1 years 247 days ago

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What's America's booziest state? Definitely not Tennessee
A new ranking of the Booziest States in America — using 10 criteria ranging from per-capita craft breweries to last-call hours — finds that Tennessee ... well, isn't very boozy. Memphis Business Journal
Submitted 1 years 247 days ago

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Obama's immigration order will ripple across Texas labor force
He worked as a construction finisher, earning $65,000 a year for the Marek Family of Companies. He was a great employee, a family man and the kind of longtime employee no company wants to lose. But Stan Marek, the company's president and CEO, said he had to fire his finisher several years ago when he learned his Social Security number was false after the employee tried to use his medical insurance. Houston Chronicle
Submitted 1 years 247 days ago

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Syngenta announces restructuring plan, including 1,800 global layoffs
Crop science giant Syngenta announced a plan to save $1 billion by 2018 – a plan that will include 1,800 global layoffs and relocations. Triangle Business Journal
Submitted 1 years 247 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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