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A GM Exec Admitted Google Can Be a "Serious Threat"
Google took a huge step yesterday by introducing its first self-driving car prototype, and the automotive industry has taken notice. General Motors Product Development Chief Mark Reuss admitted if Google keeps going with autonomous vehicles it could become a "serious competitive threat." Between Tesla, which some have said can turn the Big Three into the Big Four, and Google the car industry is starting to face serious competition from the sidelines. A study in January said all cars on the road will be autonomous after 2050, a prediction that certainly bodes better for Google than it does GM, Chrysler, or Ford (at least for now). Complex
Submitted 1 years 252 days ago

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That's The Randle Report for Thursday, May 29, 2014
Join us again tomorrow 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 253 days ago

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Boom offers economic growth, opportunities in La.
Methanex’s decision to relocate two methanol plants from Chile to Geismar demonstrates the advantages driving the industrial boom in south Louisiana: easy access to the Mississippi River, natural gas and large plots of land, said Jessica Kemp, vice president of policy and advocacy, Center for Planning Excellence. “If you drive down River Road, you’ll see a dozen similar sites and you’ll notice they all have these great big parking lots for these thousands of workers,” Kemp told attendees at the Connect Boom without Bust Policy Forum. TheAdvocate.com
Submitted 1 years 253 days ago

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GD Copper project showcases Alabama economic development support system
PINE HILL, Alabama – A $100 million, ultra-modern manufacturing facility near this small Wilcox County town has begun turning out copper tubing for heating and cooling systems, appliances, refrigeration units and plumbing. The GD Copper USA plant also is responsible for a completely different kind of product – renewed optimism in one of Alabama’s most economically distressed counties. Madeinalabama.com
Submitted 1 years 253 days ago

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Economic Growth, Texas Style
Texas has had four times the job growth of California, has an unemployment rate far lower than California’s, has income growth greater than California’s, and regularly ranks in the top five states for business climate while California consistently lands in the bottom 10. Is it any wonder that people are fleeing states like California and moving to Texas? For example, Toyota recently announced relocation of its U.S. headquarters, along with some 3,000 jobs, from Torrance, California, to Plano, Texas. PatriotPost.com
Submitted 1 years 253 days ago

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Joe Matthews: It’s no contest: California really is better than Texas
I pulled my rental car over to a curb in Plano, Texas, next to the site of Toyota’s future North American headquarters, to be staffed by thousands of workers transplanted from Southern California. I had flown in the previous evening on Virgin America, headquartered in Burlingame, California; I had driven here on a tollway long maintained by Jacobs Engineering Group (headquarters: Pasadena). I had a full tank of gas, from a Chevron (San Ramon) station down the road. WashingtonPost.com
Submitted 1 years 253 days ago

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Reform works in Texas, but there’s reason for concern
Texas’ economic prowess is common knowledge. We’re a beacon state for business investment and job creation, a credential recently burnished again by Chief Executive Magazine. For ten straight years, America’s CEOs have graded states on their business climate, considering a wide range of concerns from regulatory issues, tort reform, workforce, public health and cost of living. Texas was recently named the best state for business for the tenth straight year. Yourhoustonnews.com
Submitted 1 years 253 days ago

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Mississippi, home to federal government's official stash of marijuana
Walk along the narrow, brightly lit beige hallway, along the washed-out linoleum floor, around the corner to the imposing steel vault. As a scientist swings open the door, a familiar, overpowering scent wafts out. Inside, marijuana buds are packed into thousands of baggies filed in bankers boxes. Fifty-pound barrels are brimming with dried, ready-to-smoke weed. Freezers are stocked with buckets of potent cannabis extracts. Large metal canisters sit, crammed full of hundreds of perfectly rolled joints. LAtimes.com
Submitted 1 years 253 days ago

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Crude exports yield big economic benefits for Texas
WASHINGTON D.C. ─ A new state-by-state analysis shows that Texas could add up to 40,921 jobs and $5.21 billion to the state economy in 2020 if federal restrictions on U.S. crude exports were lifted, said API Vice President for Regulatory and Economic Policy Kyle Isakower. "The U.S. is poised to become the world's largest oil producer, and access to foreign customers will drive job creation in Texas and around the country," said Isakower. Kvue.com
Submitted 1 years 253 days ago

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Georgia-Pacific investing $40M in Arkansas plant
Georgia-Pacific said it will invest about $40 million to expand a Dixie paper products plant in Fort Smith, Ark. Construction currently under way will expand the plant’s plate manufacturing capacity, will include new technology and equipment. Start-up is expected next year. AJC.com
Submitted 1 years 253 days ago

 

 

 

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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