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Tulsa's Future contributes to creation of 3,503 jobs, group says
A program that aims to bring high-paying jobs and capital investment to the region contributed to the announcement of 3,503 new jobs in northeast Oklahoma last year. More than 2,400 of those jobs were above a targeted annual income of $50,000 or greater. That was part of an announcement made Monday evening during the annual meeting for the Tulsa's Future economic development initiative, which is a collaborative effort between the Tulsa Regional Chamber and regional partners. Now in its second five-year phase, the initiative aims to create 10,000 primary jobs at an annual salary of $50,000 or greater over a period from 2011 to 2015, and at generating a capital investment of $1 billion. Those 10,000 primary jobs, in turn, ultimately would help create 16,000 additional jobs. Tulsa World
Submitted 1 years 289 days ago

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Mississippi Gov. Phil Bryant signs bill establishing Coast-wide tourism partnership
BILOXI, Mississippi -- Gov. Phil Bryant has signed a bill into law which establishes a new Coast-wide tourism partnership between Mississippi's three most southern counties. "This is an amazing, exotic place," Bryant said prior to signing the bill during a press conference in Biloxi Tuesday. "The whole world needs to come see it. Now we're going to come together to make that happen." House Bill 1716 creates the Mississippi Coast Regional Convention and Visitors Bureau to serve as the official tourism agency for the Gulf Coast. John McFarland, President of the Gulf Coast Regional Tourism Partnership, a group established to oversee distribution of funds resulting from the BP oil spill, noted the bill renames and reorganizes the Harrison County Tourism Commission and in the process gives it far more resources as a Coast-wide agency. Mississippi Press
Submitted 1 years 289 days ago

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SGL Carbon to Invest $26M in Ozark, Ark., Plant
SGL Carbon announced Tuesday that it will invest $26 million in its Ozark manufacturing facility, purchasing equipment for a new workshop it aims to complete by June 2015. SGL employs more than 90 people in Ozark, where it makes high-power graphite electrodes for the production of steel in electric arc furnaces. The company says graphite electrodes are used to recycle steel scrap. "SGL Group's significant investment in Ozark underlines our long-term commitment to this facility as well as our employees,” Scott Carlton, president of SGL Group North America, said in a news release. Arkansas Business
Submitted 1 years 289 days ago

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Imperium Health Management chooses Louisville for headquarters, 40 jobs planned
Imperium Health Management, a two-year-old health care company, will establish its headquarters on West Main Street in Louisville and create 40 high-paying jobs, Gov. Steve Beshear said in a news release Monday. Led by a former Humana executive, Imperium manages accountable care organizations, or ACOs, which are “groups of doctors, hospitals, and other health care providers who come together voluntarily to give coordinated, high-quality care,” according to the U.S. Centers for Medicare and Medicaid Services. Imperium CEO Gary Thompson was formerly vice president of clinical programs for Louisville-based Humana, according to Imperium’s website. Louisville Courier-Journal
Submitted 1 years 289 days ago

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Joint Ga.-S.C. port could save $1B
CHARLESTON, S.C. — A massive container ship terminal planned by South Carolina and Georgia is expected to cost a billion dollars less than an initial projection, but construction permits need to be applied for quickly, the joint board overseeing the project was told Tuesday. The board, comprised of members of both states, is working to build the 1,500-acre Jasper Ocean Terminal in Jasper County on the South Carolina side of the Savannah River just downstream from Savannah. While Savannah and Charleston are in heated competition for shipping business, the two states have agreed to work together on the new terminal. The panel Tuesday heard an update on an analysis done five years ago on the need for and cost of the terminal. The updated report concluded the terminal is viable based on projected demand, building costs and projected income. Savannah Morning News
Submitted 1 years 289 days ago

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WV unemployment rate drops
CHARLESTON, W.Va. -- West Virginia's unemployment rate fell three-tenths of a percentage point to 7 percent in March, a decline driven mostly by people leaving the labor force. The number of unemployed West Virginians fell by 2,500 to 56,200 last month, according to preliminary monthly data for Workforce West Virginia. While the number of employed state residents rose by 500 to 750,900 during the month, data showed 2,000 people left the state's labor force during the month. Charleston Daily Mail
Submitted 1 years 289 days ago

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VIDEO: POLITICO Playback


Politico
Submitted 1 years 289 days ago

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The 30 Fastest Growing Cities In America, See How the South Ranks
Yesterday, we brought you U-Haul's list of top U.S. destinations for movers. Houston won, followed by Orlando and Chicago. But U-Haul has also put out a list of cities with most in-moves as a percentage of overall moves in 2012. By this count, Pittsburgh saw the most growth, followed by Vegas suburb Henderson and Austin. That compares with 2011's ranking, which saw Santa Monica, Boise and Oakland on top. Here's the full 2012 list: Business Insider
Submitted 1 years 289 days ago

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Editorial: McCrory's plan for a new economic development arm would hurt transparency
Twenty-five years ago, the Democratic candidate for governor, Lt. Gov. Bob Jordan, proposed privatizing the economic development functions of the N.C. Department of Commerce. His opponent, Republican Gov. Jim Martin, said it was a bad idea. Martin was right then, and his position holds true today now that Gov. Pat McCrory is making a similar suggestion. He wants to set up a nonprofit to guide economic development. journalow.com
Submitted 1 years 289 days ago

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Proposed SC jellyfish plant looks for another site
BEAUFORT — A company that wants to open a plant to process jellyfish for Asian seafood markets is looking for another site in Beaufort County. GoUpstate
Submitted 1 years 289 days ago

 

 

 

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 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
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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