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St. Louis region records best month for job growth in 12 years
The St. Louis region's job market continued to bounce back in October, notching its strongest one-month gain in more than a decade. The region added 9,100 jobs in the month, according to figures from the Bureau of Labor Statistics, with improvements across nearly every sector of the economy. The region has added 23,000 jobs since the start of the year, and October's payroll employment figure of 1.31 million is the highest since Feb. 2009. The jobless rate remained the same, at 7.4 percent seasonally adjusted, which is a half-point below the national average. St. Louis Post-Dispatch
Submitted 1 years 291 days ago

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Keystone pipeline construction under way south of Cushing, Okla.
TransCanada has begun working in Oklahoma on the southern segment of its Keystone XL pipeline. "It's kind of like a slow-moving train," project spokesman Jim Prescott said. "Once it gets going, it takes a while to get up to speed with all the crews that have to fall in, one behind the other." Prescott said crews are working along the pipeline route from south of Cushing to the Texas border. They are relocating utilities and clearing right of way before the pipe is buried. Tulsa World
Submitted 1 years 291 days ago

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Small Towns Get Boost From Oil, Gas as Wealth Shifts Away From Cities
The Great Recession hit small towns hard. Many saw factories close and jobs dry up. But according to a new analysis, small-town America is actually experiencing an economic revival thanks to an oil and gas boom. According to government data analyzed by USA Today, inflation-adjusted income has increased 3.8% per person between 2007 and 2011 for the roughly 50 million Americans who live in small cities, towns, and rural areas. Compare that to almost the same percentage drop (3.5%) in metropolitan areas, and a shift in wealth begins to emerge, one flowing from cities to rural regions. Time
Submitted 1 years 291 days ago

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Miss. casino revenue close to 15-year low
JACKSON — Mississippi casinos stumbled through their worst revenue month since September 1998 in October, with gamblers losing 8 percent less than in October 2011. Statewide casino revenue fell to $167.4 million, according to Mississippi Department of Revenue figures. If poor results continue, the state's gambling halls could collect less money in 2012 than in 2011, even though the prior year saw Mississippi River casinos closed for much of May because of flooding. The 17 river casinos from Tunica to Natchez won $83.9 million, down 11 percent from the $93.9 million they won in October 2011. The 12 coastal casinos won $83.5 million from gamblers, down 5 percent from the $88.2 million they won in October 2011. Clarion Ledger
Submitted 1 years 291 days ago

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Alamance, N.C. site draws interest of a big fish
GREENSBORO — Graham, Mebane and Alamance County want to be ready if a major company comes looking for a place to build. So, the cities and the county are working on a joint agreement to provide utilities to 1,400 acres between Graham and Mebane if a company needs the land. A big fish — a swordfish — is nosing around the site already, with a plan to build a warehouse and distribution operation on 150 acres of it. Some people say it’s Wal-Mart, maybe a distribution center. Local officials have heard that, but they are deflecting the question right now. Greensboro News-Record
Submitted 1 years 291 days ago

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BP worker says he's a scapegoat
NEW ORLEANS — Standing outside the federal courthouse in New Orleans, Robert Kaluza said he was innocent of the charges stemming from the 2010 blowout of the Deepwater Horizon well and the deaths of 11 men in the Gulf of Mexico. “I think about the tragedy on the Deepwater Horizon every day, but I didn’t cause the tragedy,” Kaluza said, standing with his attorney Shaun Clarke as he and two other men who worked for British oil giant BP at the time of the rig explosion and oil spill face arraignment Wednesday. Kaluza, wearing a powder blue dress shirt and a navy blazer, appeared nervous as he proclaimed his innocence. “I put my trust, my reputation and my future in the hands of the judge and jury,” he said. Houston Chronicle
Submitted 1 years 291 days ago

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George W. Bush to team with Dallas Fed to host conference on immigration and economic growth
Former President George W. Bush — long one of the more outspoken Republicans in pushing an immigration overhaul — is teaming with the Federal Reserve Bank of Dallas next Tuesday to host a conference on immigration and economic growth. Bush is slated to give opening remarks at the daylong conference organized by his namesake public policy think tank, the George W. Bush Institute. The event will “spotlight the positive economic impact of immigration on U.S. economic growth,” according to a news release. Dallas Morning News
Submitted 1 years 291 days ago

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How the Virginia governor’s race just got very interesting
Virginia Lt. Gov. Bill Bolling’s decision to bow out of the race for the GOP gubernatorial nomination on Wednesday sets up a political junkie’s dream general election next year between former Democratic National Committee Chairman Terry McAuliffe and state Attorney General Ken Cuccinelli. Both men are already national figures, are expected to be able to raise tens of millions for the race and are the sort of quotable types that reporters love to cover. McAuliffe and Cuccinelli also have something else in common: Neither man could likely win a general election against anyone other than the person he is going to run against next year. The Washington Post
Submitted 1 years 291 days ago

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Savannah gets another movie, this one with Richard Dreyfuss
A story I wrote last summer that noted the frustration that some in Jacksonville feel that big-name movies are no longer being made in the city, which are instead going to places not too far up or down the road. Savannah, Ga., has been awfully busy, and it will get even busy, Variety says, with a new Richard Dreyfuss movie coming to town. Florida Times-Union
Submitted 1 years 291 days ago

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Triangle unemployment rate declines again
In another sign that the economy is slowly improving, the Triangle’s unemployment rate inched downward for a third consecutive month in October. The unemployment rate for the Triangle was 7.5 percent in October, down from 7.6 percent in September, according to data released Tuesday by the state Division of Employment Security and seasonally adjusted by Wells Fargo in Charlotte. The recent across-the-board improvement in the unemployment picture – nationally, statewide and locally – “suggests the economy has a little more momentum than was previously thought,” Wells Fargo economist Mark Vitner said. Raleigh News & Observer
Submitted 1 years 291 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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