Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
1
Likes

W.Va. sees mix of good, bad, ugly
From a news perspective, West Virginia has had a case of "The Good, The Bad and The Ugly" over the last week. The Good: * A new report from the Federal Reserve Bank of Philadelphia showed the state's economy is one of the healthiest in the country. Each month the Philly Fed releases its "State Coincident Indexes" tracking economic growth among the states. The indexes use four monthly statistics -- non-farm payroll employment, average hours worked in manufacturing, the state unemployment rate and inflation-adjusted wages -- to measure state economic growth. West Virginia landed on the good end of the rankings, posting top-10 growth rates over the last three months and last year. Charleston Daily Mail
Submitted 1 years 266 days ago

0
Likes

Out to lunch
The Randle Report is breaking for lunch and making way for a new editor shift. Click on the headline above to access Southern Business & Development's Web site for more detailed information on economic development in the South. Posts will resume at 1:30 pm CDT.
Submitted 1 years 266 days ago

12
Likes

POLITICO Playback


Submitted 1 years 266 days ago

3
Likes

McCrory raises NC’s profile in offshore drilling push
DURHAM North Carolina is among a group of coastal states pressing the Obama administration to end a two-decade moratorium and allow offshore exploration for oil and natural gas. Advocates here are hoping to get North Carolina included on the federal list of ocean waters to be set aside for future exploration. Gov. Pat McCrory was recently made vice chairman of the two-year-old Outer Continental Shelf Governors Coalition, giving the state a higher profile in offshore drilling. McCrory described his involvement at an energy conference Wednesday organized by the N.C. Chamber, the state's influential business lobbying organization. Charlotte Observer
Submitted 1 years 266 days ago

18
Likes

Charlotte weighs bid for major Boeing plant
Charlotte officials are working to enter the multi-state competition for a manufacturing plant to build Boeing’s new 777X jetliner, a project that could potentially bring more than 8,000 jobs and a major aerospace industry player to the city. Boeing has sent requests for proposals to more than a dozen cities and states to see if they’re willing to put up the incentives to win its new factory. Many of the states are publicly touting their efforts. Charlotte Observer
Submitted 1 years 266 days ago

25
Likes

CEOS, Bring Your Manufacturing Back to the U.S.!
One thing that business could do to improve the business climate in the U.S. would be to bring more manufacturing back to America. U.S. manufacturing is growing again, albeit slowly, and is becoming more competitive. Over the past three years, more than half a million manufacturing jobs have been added to our economy. Most of this growth is in advanced manufacturing, which plays to America’s strengths. Wall Street Journal
Submitted 1 years 266 days ago

8
Likes

Deal: Mohawk Industries creates 420 jobs in Dalton and Rome
Gov. Nathan Deal announced today that Mohawk Industries will convert two manufacturing facilities in Dalton and Rome, creating 420 new jobs and investing about $85 million into the two conversion projects over the next two years. “Mohawk’s expansion in Georgia underscores how a premier flooring manufacturer helps Georgia’s entire floor covering industry remain competitive,” said Deal. “Mohawk’s presence here has been a magnet for flooring suppliers and customers, and this expansion reflects the resilience of an industry that supplies more than half of the world’s carpet and rugs.” Georgia.gov
Submitted 1 years 266 days ago

0
Likes

Allevard Sogefi Announces $28 Million Expansion, 250 Jobs In Prichard, WV
The Italian company, Allevard Sogefi, has announced it will soon be adding 250 jobs in a $20 million expansion at its Prichard location in Wayne County, WV. The company currently operates in a facility that is leased from Huntington Area Development Council (HADCO). HADCO was instrumental in bringing Allevard Sogefi to Wayne County in 2002. Business Facilities
Submitted 1 years 266 days ago

5
Likes

Using Regional Economic Development Strategies To Diagnose And Treat Skill Gaps
You know the feeling. A car alarm is going off in the parking lot and you’re sitting there thinking, “When is someone going to turn that thing off?!” That’s what the U.S. skills gap has become to many of us: a monotonous bother that we can’t seem to shut off. Eleven million unemployed (BEEP), an ever-increasing number dropping out of the labor market (BEEP), and companies desperate to find qualified people (BEEP). Why won’t those unemployed people just fill those positions? Forbes
Submitted 1 years 266 days ago

9
Likes

US Trade Deficit Decreases in October, Led by Increase in Exports
The U.S. trade deficit in goods and services decreased by 2.4 billion, to $40.6 billion, in October as compared to September. An improving global economy is increasing demand for U.S. goods and bodes well for U.S. domestic growth for the fourth quarter. The trade deficit in goods decreased by $2.2 billion due to the increase in exports, and the services trade surplus increased by $0.1 billion. (Rounding difference of $0.1 billion) Invest
Submitted 1 years 266 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.
 


 

 

http://www.edpsc.org
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2015 Randle Report
All of the South's Business News, Political News, and Economic Development News in One Place
Login