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Panasonic quadruples DFW footprint after acquiring digital sports firm
Shortly after acquiring TS Sports, Panasonic Corporation of North America has more than quadrupled its North Texas footprint to accommodate its growing digital sports business. The company, a subsidiary of the Japan-based Panasonic Corp., has signed a lease for 134,924 square feet of space at 330 S. Royal Lane in Coppell, which will move its operations within a 32,000-square-foot location on Esters Lane in Irving. Dallas Business Journal
Submitted 1 years 224 days ago

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Final cost for Duke Energy’s Sutton plant 18% below original estimate
Duke Energy says the final all-in cost for its 625-megawatt Sutton Combined Cycle Natural Gas Plant totaled just $551.4 million, more than $119 million below its original cost estimate. Duke (NYSE:DUK) filed information on the final costs of the project, which began operating at the end of 2013, with the N.C. Utilities Commission last week. The original cost estimate for the plant near Wilmington had been $670.8 when it was proposed in 2010. The final cost was 17.8% lower than that. Charlotte Business Journal
Submitted 1 years 224 days ago

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Lincoln Financial expands in Atlanta, will add 'substantial' number of jobs
Lincoln Financial Group will expand a key business unit in Atlanta, a move that could create hundreds of jobs over the next several years. Lincoln announced on Monday it’s expanding its group protection business. The company will house the unit in River Edge Summit, an office complex in Sandy Springs. Lincoln plans to open the new office by spring of next year. The announcement was expected. Atlanta Business Chronicle
Submitted 1 years 224 days ago

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What story did Atlanta Fed CEO Dennis Lockhart tell Atlanta Press Club?
Federal Reserve Bank of Atlanta President and CEO Dennis Lockhart told Atlanta press Club Monday the decision to begin raising interest rates is “impending” and the economy is now 8.5 percent larger than its pre-Great Recession peak, making him comfortable the economy can handle a gradually rising interest-rate environment. Lockhart detailed the economy’s progress since 2008, when the Fed’s policy rate reached zero and described how things have improved since the recession. He said he believes the time to start normalizing monetary conditions is close. His full speech follows: Atlanta Business Chronicle
Submitted 1 years 224 days ago

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Move to Allow U.S. Oil Exports Accelerates
Big voices in the oil industry and Congress now support a move that would have been unthinkable not long ago: opening the U.S. oil industry to exports. The U.S. has long pushed for liberalized trade, with U.S.-produced crude being the biggest exception since the shock of the 1973 Arab oil embargo led Congress to ban oil exports under nearly all circumstances. The only other U.S. products banned under the same regulations are a type of tree found in Western North America called Western red cedar and live horses for slaughter shipped by sea. The Wall Street Journal
Submitted 1 years 224 days ago

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How Atlanta Woos Companies to Call the City Their Home


Submitted 1 years 224 days ago

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Roanoke Electric Co-op backs Economic Development Alliance
Roanoke Electric Co-op has joined forces with the NCEast Alliance, a regional network of partners and investors leading the charge for major advances on the economic development front. The Alliance, serving more than 26 counties in eastern North Carolina, is spearheading efforts to recruit and retain business, support entrepreneurship and promote workforce development. The not-for-profit agency provides community capacity building, marketing/lead generation, and assistance to companies with site location and expansion evaluations. RRdailyherald.com
Submitted 1 years 224 days ago

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Rick Perry’s campaign details a path forward despite money woes
Beset by fundraising troubles, Rick Perry's presidential campaign sees a path forward by morphing into a skeletal operation and living off the land to keep the former Texas governor's candidacy alive through to the start of next year's caucus and primaries. The Perry team is confident that his economic record as governor for 14 years, coupled with his retail political skills on the stump, give him potential to rise at some point in what so far has proven to be a fluid and unsettled Republican primary campaign. Washington Post
Submitted 1 years 224 days ago

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Draining the talent pool? Construction sector adds 6K new jobs in July
The construction sector added 6,000 jobs in July — bringing employment in the industry to its highest level since 2009, the U.S. Bureau of Labor Statistics reported on Friday. Constructiondive.com
Submitted 1 years 224 days ago

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American Trucking Industry Could Lose 8.7 Million Jobs In Automation Revolution
The revolution in self-driving vehicles could see as many as 8.7 million Americans lose their jobs in the trucking industry alone. According to a report from BBC’s Rachel Nuwer, there are 3.5 million truck drivers in the U.S. and a further 5.2 million additional personnel in the sector. However, small towns and communities that rely on truckers for business could see a sharp fall in economic activity. Daily Caller
Submitted 1 years 224 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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