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Amazon tax coming for Georgians, state official says
Georgians using Amazon.com will soon pay taxes on their purchases, a spokesman for Gov. Nathan Deal said, but talks on the start date continue. Atlanta Journal Constitution
Submitted 1 years 286 days ago

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Airbus Abandons Plan to Use Controversial Batteries in New Jet
PARIS (AP) - Airbus abandoned its plans to use lithium-ion batteries for its new A350 airplanes due to the uncertainty surrounding the technology following the grounding of Boeing's 787, the company said. New York Times
Submitted 1 years 286 days ago

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That's The Randle Report for Thursday, February 14, 2013
Join us again tomorrow morning for all of the American South's business, economic development and political news in real time and in one place. Use the sort buttons or the search window above to find your favorite stories from yesterday, last week, last month or last year. Also, click on the Sports tab above for all of the South's sports news in real time. Click on the headline to access Southern Business & Development magazine.
Submitted 1 years 287 days ago

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Austin seeing interest from California companies ‘double or triple,’ chamber says
Greater Austin Chamber of Commerce officials, who sent a representative on Gov. Rick Perry’s recent California recruiting trip, report a spike in Golden State companies inquiring about relocating to Central Texas. Californians seem responsive to Texas’ low tax message, especially since the most recent state election in November, when income and sales taxes increases were approved by California’s voters in a measure called Proposition 30. “We have had a spike of double or triple the amount of normal (business relocation) activity since the November election in California,” said Dave Porter, senior vice president for economic development at the Greater Austin Chamber of Commerce. Austin American Statesman
Submitted 1 years 287 days ago

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Another record falls in the Texas wind
A cold front that blew through Texas late last week helped push Texas wind power generation to a record, the state’s main grid operator reported Wednesday. Wind turbines in the state generated 9,481 megawatts of power at 7:08 p.m. Saturday, according to the Electric Reliability Council of Texas, surpassing the previous record of 8,667 megawatts on Jan. 29. When it reached the new record Friday, wind generated almost 28 percent of the system’s total load at that point, the grid operator said. It estimates that one megawatt is enough to power 500 homes during periods of typical power consumption and 200 homes during peak demand periods. Houston Chronicle
Submitted 1 years 287 days ago

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Texas group backs less peak use of electricity
The Austin office of Public Citizen said Tuesday that its new study shows that paying electricity generators to add capacity is not the solution to meeting the state's growing demand for power. The consumer advocacy group instead proposes measures that reduce demand at peak times. Texas' deregulated market is an "energy-only market," meaning that generators get paid only when they sell electricity. But low wholesale power prices in recent years have discouraged new capacity. And the state's biggest power grid, the Electric Reliability Council of Texas, has said its margin of supply over projected demand could run uncomfortably short as early as this summer. Energybiz.com
Submitted 1 years 287 days ago

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Regions Bank creates $1 billion loan pool for Alabama economic development
BIRMINGHAM, Alabama -- In a formal partnership with state government, Regions Bank (NYSE: RF) has earmarked $1 billion in loans for the specific purpose of lending to companies and businesses that are adding jobs in Alabama. The result of Regions' new commitment is being called the Regions Economic Development Loan Pool. To lend those funds out, a dedicated team of Regions bankers will work with the Alabama Commerce Department to identify development candidates that satisfy several criteria: the business must either establish operations or already be located in Alabama, it must meet Regions Bank's existing credit standards, and it must have explicit plans to either expand or maintain its current number of employees. al.com
Submitted 1 years 287 days ago

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Kentucky Exports Set All-Time Annual Record in 2012
FRANKFORT, Ky. (Feb. 13, 2013) – Governor Steve Beshear today announced Kentucky’s 2012 exports set a new all-time annual record, with $22 billion in sales of Kentucky-made products and services. With exports to 199 nations, the record represents a 10 percent growth from 2011, more than double the U.S. average growth rate of 4.5 percent. Gov. Beshear applauded the record, saying it shows the efforts of the Kentucky Export Initiative (KEI) partners to encourage businesses to explore or expand their exporting opportunities have been paying off. “This is a tremendous record for Kentucky, with $22 billion in exports surpassing last year’s record by more than $2 billion,” said Gov. Beshear. “This shows we are on the right path. Expanding markets by selling internationally is important to our business community, to our economy and to all Kentuckians.” Kentucky Cabinet for Economic Development
Submitted 1 years 287 days ago

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International Paper seeks $57 million tax break in Memphis; would generate $225 million in new tax revenue
International Paper will seek $56.9 million in tax breaks over the next 15 years on Wednesday. In return, the company commits to retain 2,274 high-paying jobs in Memphis, add 101 new ones and invest $115.7 million, including construction of a fourth office tower at its East Memphis corporate headquarters. The company has filed its application for a retention PILOT, or payment in lieu of taxes. The Economic Development Growth Engine (EDGE) for Memphis & Shelby County is to vote on the application Wednesday. International Paper's application detailed the company's options if the EDGE board were to deny the tax break. Memphis Commercial Appeal
Submitted 1 years 287 days ago

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Wacker plant work, hiring ongoing in Tennessee
Wacker officials said today that work and hiring is still ongoing for the company’s $1.8 billion polysilicon production plant near Charleston, Tenn., and it’s aiming for its revised startup schedule of mid-2015. Last October, Wacker announced it was pushing back the startup of the plant by about 18 months, citing too much production capacity for polysilicon in the marketplace. Today, the company graduated 44 new lead chemical operators and technicians from its Wacker Institute at Chattanooga State Community College. Chattanooga Times Free Press
Submitted 1 years 287 days ago

 

 

 

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Features & Opinion

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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

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 Business News in the South - Randle Report

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This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
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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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