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Miami is betting big that expansion of Panama Canal will bring in megaships
After a work stoppage earlier this year, the Panama Canal expansion is back on an around-the-clock schedule. Twelve of the 16 gates required to build new 11-story locks have arrived from Italy and much of the concrete for the massive walls has been poured. “We are full-speed ahead right now — finally,” said Ilya Espino de Marotta, executive vice president for engineering and programs management at the Panama Canal Authority and point person on the expansion. Miami Herald
Submitted 1 years 250 days ago

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How Climate Change Costs Could Soar to the Billions
Unabated global warming will have huge budget and economic consequences for the U.S., potentially draining state and federal coffers of hundreds of billions of dollars in the coming years. That was the dismal warning from White House Budget Director Shaun Donovan on Friday in advance of President Obama’s participation this week at the United Nations Climate Summit. The Fiscal Times
Submitted 1 years 250 days ago

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Obama tries Reagan touch on economy, but wages weigh
President Barack Obama, stumping for the Democrats ahead of November's congressional elections, has twice invoked Ronald Reagan's seminal campaign question: "Are you better off than you were four years ago?" Reuters
Submitted 1 years 250 days ago

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Rick Perry hints at 2016: ‘I know to be prepared this time’
Texas Gov. Rick Perry hinted at a presidential run in 2016 on Friday, saying he knows to be prepared this time. “I will make that decision probably next year sometime, so I know to be prepared this time — that preparation is a great deal of what this is all about,” Mr. Perry told Fox Business Network. Washington Times
Submitted 1 years 250 days ago

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Perry wants to go to Europe, prosecutor wants him at pretrial hearing
Lawyers for Rick Perry are asking a judge to excuse him from an Oct. 13 pretrial hearing, but special proseuctor Michael McCrum believes the governor should be present for all proceedings. Dallas Morning News
Submitted 1 years 250 days ago

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A look at Red Hat's newly expanded Massachusetts office that North Carolina lost (Photos)
Raleigh-based open-source enterprise software company Red Hat (NYSE: RHT) recently celebrated the completion of a $52 million, 100,000-square-foot expansion of its worldwide engineering and product headquarters in Westford, Massachusetts. Triangle Business Journal
Submitted 1 years 250 days ago

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Jaguars President: Stadium renovations are a "big revenue producer"
Jaguars President Mark Lamping Friday morning appeared on NFL Network’s “NFL AM” live from EverBank Field to discuss some of the stadium’s new features ahead of the team’s first regular-season home game of '14. Jacksonville Business Journal
Submitted 1 years 250 days ago

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Siemens to buy major Houston energy company for $7.6B
German industrial giant Siemens AG will buy Houston-based oilfield equipment company Dresser-Rand Group Inc. (NYSE: DRC) in a cash deal, valued at $7.6 billion with the assumption of debt. Houston Business Journal
Submitted 1 years 250 days ago

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New $6B LNG export facility could be built in Galveston
A local company reportedly is considering building a $6 billion liquefied natural gas export facility on Pelican Island, north of Galveston Island. Houston Business Journal
Submitted 1 years 250 days ago

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Lens distributor HOYA moves California hub to North Texas
Lewisville-based HOYA Vision Care has decided to move a California distribution hub to North Texas. Dallas Business Journal
Submitted 1 years 250 days ago

 

 

 

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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     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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