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Texas Democrats still wandering in the wilderness
Say this for Republicans: They didn’t waste a lot of time claiming victory on election night. After failing for the second time in a row to win back the Senate, Sen. John Cornyn took the road less traveled and told the truth. “We have a period of reflection and recalibration ahead for the Republican Party. … Clearly we have work to do in the weeks and months ahead,” said Cornyn. Austin Statesman
Submitted 1 years 289 days ago

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Texas Democrats See Path to Medicaid Expansion
Despite Gov. Rick Perry’s firm opposition to a key tenet of federal health reform — expanding the state’s Medicaid program for those with low incomes — Texas Democrats remain optimistic that the 2013 legislative session can yield a deal that brings in billions in additional federal dollars. It will be a tough sell: No Republican lawmakers have gone on record supporting the Medicaid expansion, which would add an estimated 1.8 million Texans onto the joint state-federal health plan by 2022. But state Sen. Rodney Ellis, D-Houston, said fiscal conservatives have an incentive to reach an agreement “because the alternative is going to cost us much more economically and dig a much deeper hole in our budget.” Some Democratic lawmakers have already proposed legislation that would help them circumvent Perry, or else produce a bipartisan compromise that might gain the Obama administration’s support. Texas Tribune
Submitted 1 years 289 days ago

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The number of failing Florida banks has fallen dramatically in the past two years, but Sunshine State customers still have reason to be wary.
TALLAHASSEE — Bad news and controversy are routine in the vast state government under Florida Gov. Rick Scott's control. But don't look for clues in Project Sunburst, Scott's program for email transparency. That's because Scott doesn't use email as a primary form of communication, and neither does his top aide, chief of staff Adam Hollingsworth. Workers at state agencies also are wary of using email to alert Scott's inner circle (and consequently the media) to impending trouble. Anyone can access the email of Scott and his top aides at www.flgov.com/sunburst. But if Sunburst were designed to end secrecy in state government, it hasn't. Tampa Bay Times
Submitted 1 years 289 days ago

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Florida leads the country with more than a third of its banks under severe enforcement action
The number of failing Florida banks has fallen dramatically in the past two years, but Sunshine State customers still have reason to be wary. Florida leads the nation in both the number and percentage of banks and thrifts operating under severe enforcement actions, according to an analysis by SNL Financial released Friday. Nationally, one in eight banks and thrifts are under severe enforcement action; in Florida it's more than one in three. Tampa Bay Times
Submitted 1 years 289 days ago

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Incentives can help Jacksonville attract international business
As our city prepares to take advantage of the global exposure provided by Jacksonville Jaguars games in London, a competitive array of state and local economic development incentives can play an important role in attracting international businesses to Northeast Florida. Although often portrayed as tax giveaways or “corporate welfare,” economic development incentives are neither: in fact, they are predominantly back-end tax refunds based on performance and aimed specifically at creating jobs. A win-win for taxpayers and businesses, they spur investment, generate employment and grow the tax base while reducing the amount of capital companies need to relocate or expand to our region. Jacksonville.com
Submitted 1 years 289 days ago

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Knoxville one of just three U.S. cities in recovery from recession
The Brookings Institution named Knoxville among just three U.S. cities that are experiencing an economic recovery in the aftermath of the recession, Reuters reports. Knoxville joins Dallas and Pittsburgh as metro areas deemed to be recovering; no U.S. cities were reported as being in recovery mode last year, the report indicated. The research analyzed employment levels and gross domestic product per capita to help calculate results. Memphis Business Journal
Submitted 1 years 289 days ago

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Austin ranks in world’s fastest-growing economies report
Austin is one of only five metropolitan areas in all of North America to rank in the top 70 of the 300 fastest-growing metropolitan economies worldwide, according to a Friday report. Austin ranks No. 61 after experiencing a major recession and partial economic recovery, according to the report by the Metropolitan Policy Program at the D.C.-based Brookings Institution. From 2011 to 2012, employment in the Austin metro area increased by 3.1 percent as real GDP per capita rose by 0.9 percent. Austin Business Journal
Submitted 1 years 289 days ago

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Delta flirts with buying a stake in Virgin Atlantic
America’s biggest airline, Delta, is reported to be bidding for a big stake in Sir Richard Branson’s Virgin Atlantic. The deal could lead to Branson giving up control of the carrier he founded. The British entrepreneur sold 49 percent of Virgin to Singapore Airlines in 1999, and it is this stake which Delta is said to be trying to buy. The purchase makes good commercial sense. Delta would gain an even bigger presence across the North Atlantic -- the world’s most lucrative route. Marketplace
Submitted 1 years 289 days ago

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Louisville is at the Forefront of Additive Manufacturing
Additive manufacturing is one of the hottest technologies to come along in the last 50 years. It uses three-dimensional printing to transform engineering design files into fully functional components created from glass, metal, plastic or sand. Leading manufacturers, such as Boeing, Caterpillar, Ford, General Electric, General Motors, Sikorsky and Toyota, are using additive manufacturing to produce a wide variety of prototype parts layer by layer. The University of Louisville’s Rapid Prototyping Center (RPC) has been at the forefront of this technology for almost 20 years. Assembly
Submitted 1 years 289 days ago

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MiMedx to add 100 jobs, double space in Georgia
MiMedx Group Inc. plans to add more than 100 jobs and expand manufacturing capacity to keep pace with demand for its implants. The Kennesaw-based biotech develops and manufactures regenerative biomaterials and bioimplants processed from human amniotic membrane, for use in wound care, burn healing, surgical and sports medicine, and other areas. Atlanta Business Chronicle
Submitted 1 years 289 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     
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?
 
 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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