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Ireland-Based James Hardie Invests $80 Million To Expand Its Plant City, Florida, Manufacturing Center
Ireland-based James Hardie, global manufacturer of fiber cement siding and interior products, plans a nearly $80 million investment to expand its manufacturing facility in Plant City, Florida. The project is expected to create more than 100 new jobs by 2015 in eastern Hillsborough County. Area Development
Submitted 1 years 265 days ago

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Bridgestone hiring 200 machine technicians in GA
Bridgestone Americas started accepting applications Monday for 200 new machine technicians at its Aiken County facility. The company received nearly 2,500 applications on Monday, said Fran Jones, Bridgestone’s vice president of administrative services. Augusta Chroncle
Submitted 1 years 265 days ago

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Here's What The Minimum Wage Should Be In Every Major US City
In the last couple of weeks, national politicians have begun to talk seriously about economic inequality and increasing the income of the working poor. "It's well past the time to raise a minimum wage," President Obama said in an economic address last week. "It will be good for our economy. It will be good for our families." The Atlantic Cities
Submitted 1 years 265 days ago

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Utility rule changes may set AT&T, Google at odds
The city of Austin has proposed a change to rules governing how telecommunications providers share utility poles, and the shift may set some of the city's biggest providers at odds. Austin Business Journal
Submitted 1 years 265 days ago

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U.S. rooftop solar power shatters third quarter records, NC among top markets
More American homes than ever before — nearly 31,000 — had solar panels installed on their roofs in the third quarter of 2013, the Solar Energy Industries Association announced Tuesday. Combined with utility scale projects, the U.S. gained a total of 930 megawatts of photovoltaic solar capacity, a 35 percent gain from the previous year. And we’re set to nearly double that amount. Salon
Submitted 1 years 265 days ago

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The Answer, for Republicans on Tax Incentive, Isn't Always Blowing in the Wind
House Republicans hailing from the windiest of districts are coming out on different sides of the fight over the production tax credit, which the wind-power industry considers key to its growth—and which will expire at year's end unless Congress votes to renew it. "I have supported it in the past, and there are efforts being worked on now to try to maybe change, ramp it down," said Rep. Cory Gardner, R-Colo., whose district is the sixth-windiest in the country, according to data compiled by the American Wind Energy Association. After a pause, Gardner added: "But, I would support it, yes." National Journal
Submitted 1 years 265 days ago

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ALUMA-FORM Begins Construction On $6.7 Million Walnut, Mississippi, Manufacturing Facility
Power distribution products manufacturer ALUMA-FORM started construction on its new $6.7 million manufacturing facility and distribution center in the Walnut, Mississippi, Industrial Park. The project is expected to create 125 new jobs in Tippah County. Area Development
Submitted 1 years 265 days ago

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Stainless Technology Plans To Increase Its Springfield, Missouri, Production Center
Stainless Technology, a manufacturer of stainless steel tanks and vessels for the biopharmaceutical industry, is increasing the size of its Springfield, Missouri, manufacturing center. The approximately 75,000 square feet expansion project will see the company hire up to 88 additional employees, which will more than double its current workforce. Area Development
Submitted 1 years 265 days ago

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Two Informatics firms, Xcelerated Learning Dynamics and Clear Measures, Opens Covington, Kentucky, Operations Centers
Two informatics companies, Xcelerated Learning Dynamics and Clear Measures, opened production centers at the RiverCenter Office Complex in Covington, Kentucky. Gov. Steve Beshear’s Office said the openings, combined with expansions of the parent companies, will create 341 jobs in northern Kentucky during the next three years. Area Development
Submitted 1 years 265 days ago

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Israel-Based Spuntech Industries Invests $35 Million To Expand Its Roxboro, North Carolina, Manufacturing Center
Spuntech Industries, Inc., an Israel-based spunlace manufacturing company that develops and manufactures hydroentangled fabric products, will invest more than $35 million to expand its production center in Roxboro, North Carolina. The company also plans to add 60 employees to its 94 member workforce over the next three years in Person County. Area Development
Submitted 1 years 265 days ago

 

 

 

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     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 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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