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Honeywell Completes $33 Modernization At Its Baton Rouge, Louisiana, Manufacturing Plant
Honeywell Performance Materials and Technologies completed a $33 million modernization project at its chemical and refrigerant gases manufacturing facility in Baton Rouge, Louisiana. Area Development
Submitted 1 years 246 days ago

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Why Three States Are Sparring Over Legal Weed
Just weeks before the one-year anniversary of legal marijuana in Colorado, the state's status as breaker of the green ceiling is under assault from an unlikely source: its neighbors. On Thursday, Oklahoma Attorney General Scott Pruitt announced that his state was teaming up with Nebraska to petition the Supreme Court to declare legal marijuana in Colorado "unconstitutional." TheAtlantic
Submitted 1 years 246 days ago

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Missouri sees lowest jobless rate since 2008
The state's November unemployment rate reached 5.6 percent, according to a jobs report last week by the Missouri Department of Economic Development. That rate is three-tenths of a point below October's rate and according to a news release, the lowest since May 2008. The state gained 4,500 nonfarm payroll jobs in November and 42,200 in the past year. semissourian.com
Submitted 1 years 246 days ago

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U.S.-Cuban relations could boost Missouri farm exports
Possible steps toward a U.S. agreement with Cuba could mean big things for Southeast Missouri farmers. Missouri was the No. 5 rice producing state in the nation in 2013, according to research by the University of Missouri Extension, and should the embargo with Cuba be lifted and trade begin between the two countries, rice exports could surge. semissourian.com
Submitted 1 years 246 days ago

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Missouri to increase minimum wage on Jan. 1
JEFFERSON CITY, Mo. (AP) - Missouri's low-wage workers are getting a small pay hike in 2015. Starting New Year's Day, the state's minimum wage will increase by 15 cents to $7.65 an hour. The minimum wage for tipped workers in Missouri will rise by 9 cents to $3.83 per hour. kshb.com
Submitted 1 years 246 days ago

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Another company stops oil drilling in Mississippi due to falling prices
MCCOMB, Mississippi -- A second oil company is stopping drilling in the Tuscaloosa Marine Shale because of falling oil prices. Comstock Resources, based in Frisco, Texas, said Thursday that it would stop drilling in the oil region, which straddles the state line between southwest Mississippi and Louisiana's Florida Parishes. Gulflive.com
Submitted 1 years 246 days ago

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Mississippi AG backs off Google investigation pushed by MPAA
It appears that Mississippi AG Jim Hood is making a strategic retreat in the wake of publicity about his investigation of Google. On Friday morning, Google sued Hood, saying that a 79-page subpoena he had sent to the company was "punitive," and violated Google's First and Fourth Amendment rights. The company also pointed to recent press reports that showed Hollywood studios had lobbied heavily for the investigation. Arstechnica.com
Submitted 1 years 246 days ago

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TVA backs off controversial tree-cutting policy
KNOXVILLE, Tenn. – The nation’s largest public utility is backing off an aggressive tree-cutting policy that led to a lawsuit in federal court. According to the Knoxville News Sentinel, the Tennessee Valley Authority said in a motion to dismiss the lawsuit that it has dropped a policy in its seven-state service area to remove any tree within its power line easements that could grow more than 15 feet high. The motion says the lawsuit is moot since the agency has “suspended use of the 15-foot rule and reverted to the right of way maintenance practices that were utilized prior to the introduction of the 15-foot rule.” journal.com
Submitted 1 years 246 days ago

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NC Supreme Court rules Duke Energy rates to remain same
CHARLOTTE, N.C. — Duke Energy's rates will stay the same after North Carolina's Supreme Court upheld the company's decision to raise rates by more than 7 percent. Attorney General Roy Cooper challenged that hike in 2012. Initially, the Supreme Court sided with Cooper, saying the Utilities Commission did not properly weigh the impact on consumers. wsoctv.com
Submitted 1 years 246 days ago

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McCrory to propose new NC road-building sources
RALEIGH, N.C. — (AP) Gov. Pat McCrory and North Carolina legislators praised each other for the new method they approved last year to fund transportation projects they say is based not on who you know but more on reducing gridlock and creating jobs. wsoctv.com
Submitted 1 years 246 days ago

 

 

 

Features & Opinion

 Randle Report - Business News in the South

For those who still languish over "losing to China" or believe that the economy is still in recession, wake up and smell the data. Economic development in the South was about as good as it gets in calendar year 2015 according to the data. And as for China, borrowing a quote from the late football coach Bear Bryant that he made in the half-time locker room down 15-0 to Georgia Tech in 1960, "We got 'em right where we want 'em." For those of you who don't know the rich history of Alabama Crimson Tide football, Bama scored all of its 16 points in the fourth quarter, kicking a field goal on the last play of the game to beat Tech 16-15.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
Today, factories in the U.S. make twice as much product as they did in 1984. And they are doing it with one-third of the manufacturing workforce. In fact, the output of durable goods in 2015 was the highest in the nation's history. So, we do have a strong manufacturing base, at least in the South, much of the Midwest and parts of the West, and it is getting stronger because on a cost-basis, we can compete with any major manufacturing nation in the world.  
 

 Randle Report - Business News in the South

FEATURE     
The argument for or against a minimum wage hike continues between the reds and the blues, as well as within the economic development community in the South. Should we stay the course with a minimum wage under $8 an hour to better compete with Mexico, the South's biggest competitor for jobs, or set a minimum wage just over $10 an hour, a wage floor most centrists support? That $10 per hour is, according to the MIT Living Wage Calculator, about right in most states in the South for one adult to be able to cover basic expenses plus all relevant taxes.
 
 Randle Report - Business News in the South
Recent data from the Computing Technology Industry Association (Comp TIA) showed that the technology industry is one of the fastest growing job generators in the South and the nation. The report also indicated that technology job compensation is growing faster than any other sector.
 


 

 

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