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Regulators shake up Duke Energy: Rogers retiring, two execs replaced
Two top Duke Energy Corp. executives will be replaced by the end of the year, and Chairman, President and CEO Jim Rogers will retire from all his positions at the end of 2013 under a proposed settlement with N.C. regulators announced late Thursday. While Rogers is not required to retire until Dec. 31, 2013 — when his current contract expires — Duke’s board has agreed to attempt to name his replacement as early as July 1, says Sam Watson, the general counsel of the N.C. Utilities Commission. It is possible that the new CEO could take office before December 2013, he says. But that would be up to Rogers and the Duke board. Charlotte Business Journal
Submitted 1 years 290 days ago

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Study: Nashville still digging out of recession
Nashville is still crawling its way out of the Great Recession, while Knoxville is one of three major U.S. cities that has fully recovered, The Tennessean reports. Economic growth in U.S. cities is lagging behind their global peers, especially those in Asia and Latin America, according to a study by the Brooking Institution. The study ranked Nashville as 25th among U.S. cities and 128th worldwide for its economic and employment growth in the five years preceding the recession. But the recession was deeper in Music City than in 47 other U.S. cities, the study found. Nashville Business Journal
Submitted 1 years 290 days ago

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RGA planning new headquarters, 300 jobs
One of the St. Louis region’s eight remaining Fortune 500 companies is planning to build a new, $150 million headquarters complex in Chesterfield and add 300 jobs here, according to Chesterfield and St. Louis County officials. Reinsurance Group of America wants to expand in two new office buildings on a 17-acre site on Swingley Ridge Road in Chesterfield, about two miles from its current headquarters off Highway 40 (Interstate 64), according to documents filed with the St. Louis County Economic Council. Spokespeople for the company did not return calls seeking comment late Thursday. St. Louis Post-Dispatch
Submitted 1 years 290 days ago

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Mississippi River shutdown could cost 3,000 Missouri jobs
If water levels along the Mississippi River continue to drop, the nation's largest waterway could become impassable to barges. President Barack Obama and his administration are taking "every step to mitigate" the situation, according to a White House spokesman. The biggest obstacle is jagged rocks at the bottom of the Mississippi, making it impassable for barges, according to KMOX. If the river is not cleared, it would leave the waterway either extremely limited or completely shut down some time between Dec. 15 and Dec. 30. If that happens, it could put almost 3,000 Missouri jobs at risk. St. Louis Business Journal
Submitted 1 years 290 days ago

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Houston ranks as North America’s fastest-growing economy, Brookings says
Although the vast majority of North American metropolitan economies still fall blow pre-recession levels, a new report from the Brookings Institution found that Houston has the fastest growing metropolitan economy in North America. Brookings found the bulk of the fastest-growing metropolitan economies are in Asia, Latin America, the Middle East and Africa. North America and Western Europe had the slowest-growing metropolitan economies. Houston Business Journal
Submitted 1 years 290 days ago

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Newt Gingrich vs. Johnny Isakson on the fiscal cliff
One of two Republicans you know quite well is struggling with reality. Your job this evening is to decide which one. On Wednesday, former U.S. House speaker Newt Gingrich, in a speech at the Ronald Reagan Presidential Library in Simi Valley, Calif., declared the fiscal cliff to be a gross fiction, and urged House Republicans not to “cave” to President Barack Obama. From the Daily Caller: “There is no fiscal cliff. It’s absolute, total, nonsense,” Gingrich said. Atlanta Journal Constitution
Submitted 1 years 290 days ago

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Evaluating State Tax Incentives for Jobs and Growth
A report by the Pew Center on the States concludes that 13 states are leading the way in generating much-needed answers about tax incentives’ effectiveness. Twelve states have mixed results. Half the states have not taken the basic steps needed to know whether their incentives are effective. The study highlights a wealth of promising approaches states have taken to help lawmakers find those answers. Pew Center
Submitted 1 years 290 days ago

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Net Medicaid expansion cost to Florida: $4.1 billion - Kaiser study says
A new study by the Kaiser Commission on Medicaid and the Uninsured shows that if Florida accepts Medicaid expansion, it would cost the state $8.9 billion over 10 years to expand Medicaid enrollment by 1.6 million people. However, that would reduce to a net cost of $4.1 billion over 10 years due to reduced payments to hospitals and other health care providers to support their services to the uninsured. Jacksonville Business Journal
Submitted 1 years 290 days ago

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Health IT company awarded incentives for 30 jobs in Fort Lauderdale
Health care IT firm iCare.com was awarded a $120,000 public incentive package to create 30 jobs in Fort Lauderdale. The company leased 16,000 square feet at 401 East Las Olas Boulevard and will offer a cloud-based electronic medical records system designed for hospitals, clinics, government health agencies and medical practices. Its system was launched in February. South Florida Business Journal
Submitted 1 years 290 days ago

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Visa will add to Austin’s credit line
Visa Inc.’s proposal to put its new global information technology center in Austin will not only bring almost 800 new jobs to the Texas capital, but also add another internationally recognized brand to Austin’s business community. Call it the corporate snowball effect. Many of the world’s most recognizable brands have committed to major expansions here during the past couple of years, such as Facebook Inc., Apple Inc., AT&T Corp., eBay Inc., Samsung, Hewlett-Packard Co., General Motors Co. and Whole Foods Market Inc. Of course Dell Inc. remains the area’s power player, but its Central Texas headcount has declined by thousands ... Austin Business Journal
Submitted 1 years 290 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 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     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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