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Hyundai's output to near 400,000 vehicles this year, another record for the state plant
Output at Hyundai's auto assembly plant in Montgomery may top 390,000 cars by the end of the year, another record for the Korean automaker's state operations. AL.com
Submitted 1 years 274 days ago

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Business, GOP establishment: tea party is over
WASHINGTON (AP) — A slice of corporate America thinks tea partyers have overstayed their welcome in Washington and should be shown the door in next year's congressional elections. In what could be a sign of challenges to come across the country, two U.S. House races in Michigan mark a turnabout from several years of widely heralded contests in which right-flank candidates have tried — sometimes successfully — to unseat Republican incumbents they perceive as not being conservative enough. The Oklahoman
Submitted 1 years 274 days ago

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United Methodist Bishop Melvin Talbert on gay wedding: 'Great day for the church'
BIRMINGHAM, Alabama - Retired United Methodist Bishop Melvin Talbert officiated at a gay wedding Saturday afternoon, sharply criticizing United Methodist church policy during the service. AL.com
Submitted 1 years 274 days ago

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Federal Judge Declares Texas Abortion Restrictions Unconstitutional
A federal judge has declared that recently passed Texas abortion restrictions, which are some of the strictest in the country, are unconstitutional, the Associated Press reports. Business Insider
Submitted 1 years 274 days ago

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Jacksonville's economic development efforts seen as lagging
As the executive managing partner of Holland & Knight LLP in Jacksonville, Dan Bean knows that the speed of business is getting faster and faster — his law firm has had to move faster, too, to keep up. Jacksonville Business Journal
Submitted 1 years 274 days ago

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Marco Rubio: The next John McCain
Sen. Marco Rubio is revving up his 2016 presidential campaign by abandoning the immigration reform bill he helped craft. Over the weekend his spokesman told Breitbart News that he no longer wants to see a House and Senate conference committee try to craft a comprehensive reform bill; he now favors a series of piecemeal steps that will beef up enforcement and border security and do nothing to create pathways to citizenship – since that’s the aspect of the Senate bill House Republican extremists just won’t accept. Salon
Submitted 1 years 274 days ago

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Army Fleet Service at Fort Rucker to lay off 300 workers by year's end
As many as 300 workers at Army Fleet Support at Fort Rucker could be out of a job by Christmas. AL.com
Submitted 1 years 274 days ago

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Beshear, Hal Rogers propose summit to revive Eastern Kentucky's economy
HAZARD, KY — Stung by the loss of nearly 6,000 coal jobs in Eastern Kentucky since mid-2011, Democrat Gov. Steve Beshear and Republican U.S. Rep. Hal Rogers announced Monday a summit to come up with ideas to improve the region's crippled economy. Beshear and Rogers also announced a planning committee of more than 40 people — many from the private and education sectors — to come up with topics and goals for the summit, which will be Dec. 9 at the Eastern Kentucky Exposition Center in Pikeville. Kentucky.com
Submitted 1 years 274 days ago

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Ga. Eyes Stake In Glades Reservoir
Georgia's state government is considering investing in a reservoir that could send water downstream during dry spells into a lake at the center of a three-state dispute. GPB.org
Submitted 1 years 274 days ago

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NC Research center critical of privatizing economic development
Gov. Pat McCrory and state economic officials remain strongly committed to their goal of privatizing economic development in North Carolina next year. journalnow.com
Submitted 1 years 274 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 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     
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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