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Scott pushes for $400M reduction in auto registration fee
Gov. Rick Scott is scheduled to appear in Tampa on Dec. 12 to announce a plan to reduce auto registration fees by $401 million in Florida. Jacksonville Business Journal
Submitted 1 years 266 days ago

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Billions of Dollars in Federal Contracts Go to Violators of Labor Laws
The federal government has come under criticism for awarding billions of dollars in federal contracts to companies that break U.S. labor laws. A new report (pdf) produced for Democrats on the Senate Health, Education, Labor and Pension Committee found 18 federal contractors out of the top 100 who violated wage or safety laws during a six-year period (2007-2012). Allgov.com
Submitted 1 years 266 days ago

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Repairing a hit to blue-collar Georgia
The final price tag for what was one of the state Capitol’s biggest economic blunders of 2011 – albeit an unintentional one — surfaced this week. Atlanta Journal Constitution
Submitted 1 years 266 days ago

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Houston to get professional women's soccer team
Due to positive interest from fans, the Houston Dynamo have decided to become the ninth team to join the National Women's Soccer League. Houston Business Journal
Submitted 1 years 266 days ago

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Don’t be seduced, N.C. job recruiters
She’s attractive and flashy, and she has suitors going ga-ga, whistling at her, showing her bling and offering her anything she wants. She’s Boeing, and she’s so desired that she can reject $9 billion in tax incentives from her current beau – Washington state – and set a dozen states off, each scrambling to outshine the others. North Carolina should resist the trophy-wife temptation and stick with its original love: A business-friendly environment, a sound education system, strong infrastructure and a diverse economy built in large part on small business. That’s not as sexy as Boeing and its 8,000 promised jobs, but it’s something you can grow old with. Charlotte Observer
Submitted 1 years 266 days ago

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Wanted: More Startups in St. Louis. Reward: $50,000
Move your startup to St. Louis, get $50,000, no strings attached. That’s the pitch from Arch Grants, a nonprofit there that has awarded $1.9 million in grants to 35 businesses since in 2012, when it launched its first competition to attract promising ventures to the city’s downtown. Businessweek
Submitted 1 years 266 days ago

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Want an IT job in N.C.? Here are the skills and certifications you need
Demand for IT talent in North Carolina may be slowing, but a new report released Wednesday shows what employers are looking for, both in skill set and in certification. Triangle Business Journal
Submitted 1 years 266 days ago

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IBM Baton Rouge expansion on target to meet goals, 800 jobs coming
IBM's lead talent development manager for its Baton Rouge services center said that although the company has only been operating in town for six months, its ahead of its hiring goals, and is continuing to establish partnerships throughout the city-parish and state and increase more STEM programs. Times-Picayune
Submitted 1 years 266 days ago

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The War Over Austerity Is Over. Republicans Won.
The main thing you need to know about today's budget agreement is that it's very modest. It repeals a little bit of the sequester cuts, and pays for it with a few small cuts in entitlements and some even smaller increases in user fees. Overall, the numbers are tiny enough that it's hard to see how anyone can get either too excited or too outraged over it. Mother Jones
Submitted 1 years 266 days ago

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El Paso Electric Reaches Deal on Proposed Power Plant
EL PASO — A West Texas utility giant can move forward on building a natural gas power plant in a low-income neighborhood following a settlement with a group of grassroots activists that had sought to halt the project. Texas Tribune
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.
 


 

 

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