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Governor McCrory to highlight 25 year transportation vision, economic development at NC mayors meeti
Raleigh, N.C. - Governor Pat McCrory will address the North Carolina Metropolitan Mayors Coalition annual meeting tonight in Asheville. Governor McCrory will highlight a number of issues including economic development, his 25 year vision for transportation, the Historic Tax Credit and a partnership called “Art that Moves You, ” a transportation beautification program that will promote tourism and commerce through creative landscaping, artwork and lighting. jdnews.com
Submitted 1 years 249 days ago

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Manufacturing jobs increase in Missouri
Industrial employment in Missouri increased over the past year, according to the 2015 Missouri Manufacturers Register, a manufacturers database published by Manufacturers’ News, Inc. According to data collected by MNI, Missouri manufacturers added 1,592 jobs, or about a half percent, from August 2013 to August 2014, its third straight year of gains. However, that is less than the 1.3 percent national average gain as reported by the U.S. Department of Labor for the same time period. Joplinglobe.com
Submitted 1 years 249 days ago

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Big Win for Augusta Economic Development Authority's Website
The Augusta Economic Development Authority's website has been named one of the best economic development websites in the United States. The Development Authority received a “Gold Excellence in Economic Development Award” in the 2014 awards website category from the International Economic Development Council (IEDC). It is the highest award category in IEDC's Economic Development Awards Program. wjbf.com
Submitted 1 years 249 days ago

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How U.S. Tax Policy Gives Way Too Much Money to the Wrong People
One of the golden rules in economics is that you shouldn’t spend more than you make. If you do — if your outlays are larger than your inlays for any given period — then you are running a deficit. Repeat deficits turn into debt, and while there is such a thing as prudent use of credit, Americans generally seem unable to come to terms with this rule. At nearly every level, from households to the federal government, we are spending more than we earn, making debt one of the defining characteristics of the U.S. economy. Wallstcheatsheet.com
Submitted 1 years 249 days ago

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The 5 Worst Corporate Citizens in the U.S.
Corporate Responsibility Magazine regularly publishes a list of the top 100 Best Corporate Citizens. Using a robust set of data, CR Magazine identifies which corporations are the most socially, environmentally, and ethically responsible, as well as which companies hold themselves accountable for being good corporate citizens. Lists at the other side of the spectrum, however, are less common. Corporate Accountability International maintains a rundown of the top corporate offenders, and so does the International Labor Rights Forum, but generally these lists receive less attention from consumers and policymakers. Wallstcheatsheet.com
Submitted 1 years 249 days ago

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DuPont Invests $30 Million To Expand Kinston, North Carolina, Manufacturing Plant
E.I. du Pont de Nemours and Company, also known as DuPont, will invest $30 million to expand its operations in Lenoir County, Noth Carolina, with plans to create 18 new jobs over the next three years in Kinston. Area Development
Submitted 1 years 249 days ago

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Lamar Alexander lays out three keys for Tennessee’s automotive industry
While sharing anecdotes on bringing Nissan's first manufacturing plant to Tennessee during his time as governor, U.S. Sen. Lamar Alexander outlined Thursday three keys for the state to maintain its position in automotive manufacturing. Memphis Business Journal
Submitted 1 years 249 days ago

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What Houston must do to become a walkable utopia and why it should
Developers of high-rise residential projects say the legions of Houstonians moving downtown are attracted to a certain kind of urban lifestyle. Houston Business Houston
Submitted 1 years 249 days ago

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S.C. House speaker admits misconduct, resigns
COLUMBIA, S.C. -- South Carolina House Speaker Bobby Harrell pleaded guilty Thursday to misconduct in office charges and agreed to immediately resign, ending his run as one of the state's most powerful politicians. USA Today
Submitted 1 years 249 days ago

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J&J heads to Texas with its R&D farm system, scouting for biotech startups
Johnson & Johnson ($JNJ) is expanding its network of biopharma incubators, taking to Texas with a plan to host as many as 50 local biotech startups. Fiercebiotech.com
Submitted 1 years 249 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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