Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
6
Likes

Economic Phalanx
Recruiting jobs and industry is vital business for city and county governments, and many find themselves competing with their neighbors for the same economic development projects. For the past three years, three counties in Northwest Alabama have taken a different approach. By joining forces and creating a shared economic development agency, Fayette, Lamar and Marion counties have a richer product to promote and a wider array of successes under their collective belt. Business Alabama
Submitted 1 years 274 days ago

-4
Likes

Music City Center's impact falls short of 2010 forecast
The new downtown convention center has generated 18,751 hotel room nights and a $26 million economic impact, according to numbers released Thursday by the Convention Center Authority. Those numbers put the new center well below the original 2010 projections by HVS, the city’s consultant, which said at the time that Music City Center would generate 49 conventions and trade shows for 332,333 room nights in 2013. The study, however, predicted the center and its headquarters hotel would be open earlier in the year than what ended up happening, so the projections don’t align perfectly. The Omni Hotel had its grand opening on Monday and Music City Center opened in May. The Tennessean
Submitted 1 years 274 days ago

0
Likes

Warren Buffett predicts 11th hour debt deal
The Oracle of Omaha isn't ready to panic -- yet. Warren Buffett, the billionaire chairman of Berkshire Hathaway, said Thursday morning in an interview on CNBC that he expects Congress to resolve a stalemate over the U.S. debt ceiling before the nation suffers serious harm. USAtoday.com
Submitted 1 years 274 days ago

20
Likes

TN flexes automotive muscle in South
Tennessee leads the South as the supplier base for the automotive industry, and it has weathered the recession well, emerging with a stronger auto sector than it had before. Those are some of the conclusions of a new study, “Drive! Moving Tennessee’s Automotive Sector Up the Value Chain,” released today by The Brookings Institution, an independent public-policy think tank based in Washington, D.C. “More than 30 years ago, Tennessee’s economy was transformed by the arrival of Japanese automaker Nissan in Smyrna,” says the report’s summary. “Now, $30 billion in investment later and five years after the onset of the Great Recession, an exponentially larger and more intensely competitive Tennessee auto industry has begun to grow again under new conditions. The Tennessean
Submitted 1 years 274 days ago

-6
Likes

Jobs Report Becomes a Casualty of Shutdown
On the first Friday morning of almost any other month, from the trading floors of Wall Street to the hushed hallways of the Federal Reserve, all the attention would be focused on two numbers: the latest government estimates for unemployment and job creation. This Friday, much of the government will be closed. NYtimes.com
Submitted 1 years 274 days ago

0
Likes

Samsung's Top U.S. Mobile Executive Leaves The Company
Samsung confirmed his departure in a terse statement today: “Kevin Packingham has departed Samsung Mobile. We thank Kevin for his contributions and wish him well in his future endeavors.” Packingham’s exit was first reported in The New York Times earlier today, which said it was unclear if the Dallas, Texas-based executive had left voluntarily or not. Forbes.com
Submitted 1 years 274 days ago

60
Likes

Military Milestone: Retired F-16 remotely controlled from the ground in Florida


Submitted 1 years 274 days ago

0
Likes

Celebrity chef Jonathan Waxman plans Nashville restaurant
A restaurant linked to world-renowned celebrity chef Jonathan Waxman is planned for the vacant building off McGavock Street in the Gulch that was once occupied by Ultimate Tire & Car Care. Waxman, chef/owner of Barbuto restaurant in Manhattan's West Village and a host of the recent Music City Eats: Nashville Food, Wine & Spirits Festival, is among a number of celebrity chefs linked to new restaurants in Nashville. Waxman is known for specializing in California cuisine, although it’s still not clear what type of restaurant would open in Nashville. Tennessean.com
Submitted 1 years 275 days ago

19
Likes

Perry's Travels Yield No Jobs as Texas Governor's Rivals Seethe
Governor Rick Perry, working with a group of closely allied business leaders, has raised more than $2 million to finance his travels to lure jobs to Texas. So far, he hasn’t brought one back. Starting with a four-day trip to California in February, Perry has traveled to Connecticut, Illinois, Maryland, Missouri and New York to urge businesses and residents to move to the Lone Star state. Texas added more than 30 percent of the nation’s new jobs over the past decade because it doesn’t tax personal or corporate income and avoids excessive regulation and frivolous lawsuits, Perry tells broadcast audiences. Bloomberg.com
Submitted 1 years 275 days ago

0
Likes

BP trial finishes look at well-closing push, turns next week to tallying how much oil gushed into the Gulf
After BP witnesses spent the day backing the company's claim that it did everything possible to stop the jet of oil in the Gulf of Mexico in 2010 and opposing lawyers worked to puncture their accounts, the round of the BP trial dealing with the three-month campaign to regain control of the blown Macondo well ended Thursday. The proceedings will recommence Monday (Oct. 7) for a three-week examination of how to tally the barrels of oil that poured into the Gulf. NOLA.com
Submitted 1 years 275 days ago

 

 

 

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 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     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 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.
 


 

 

http://www.edpsc.org
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2015 Randle Report
All of the South's Business News, Political News, and Economic Development News in One Place
Login