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Roy Exum: How The UAW ‘Really’ Works
The United Auto Workers union put on a textbook show for Chattanooga’s Volkswagen employees of “how it really works” Tuesday afternoon. The union was holding its 36th Constitutional Convention at Detroit’s Cabo Center when finally the subject of the first dues increase since 1967 came up. Chattanoogan.com
Submitted 1 years 252 days ago

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Elon Musk Is Cooking Up Something Big for Tesla
Tesla Motors (TSLA_) held its annual shareholder meeting on Tuesday, and while there weren't a lot of surprises, the major takeaway is that CEO Elon Musk may do something radical with the company's patents to jumpstart his vision for electric vehicles. The Street
Submitted 1 years 252 days ago

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Musk considers three states for Gigafactory, estimates how long he'll be CEO at Tesla
At Tesla Motors’ annual shareholder meeting, held Tuesday at the Computer History Museum in Mountain View, company CEO Elon Musk said planning for the Gigafactory battery plant is on track. Austin Business Journal
Submitted 1 years 252 days ago

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SoPakCo to expand, create 120 new jobs in SC
COLUMBIA, S.C. - SoPakCo, a world leader in the design, production and packaging of shelf-stable, ready-to-serve foods, is expanding its Marion County operations. The company plans to invest $3.4 million to produce a new product line and create more than 120 new, full-time jobs. SC Commerce
Submitted 1 years 252 days ago

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TN Distillers warn of possible whiskey shortage as worldwide consumption increases
American whiskey is enjoying a resurgence at home and abroad, and distillers in Tennessee warn that they may not be able to keep up with the increased demand. AL.com
Submitted 1 years 252 days ago

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Cabela's to begin construction this fall on first Alabama store in Huntsville, 180 retail jobs coming
HUNTSVILLE, Alabama – Cabela's announced today it will open its first Alabama store in Huntsville. AL.com
Submitted 1 years 252 days ago

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That's The Randle Report for Tuesday, June 3, 2014
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. Click on the headline to access Southern Business & Development magazine.
Submitted 1 years 253 days ago

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The Reshoring Wave: It’s Taking America by Storm (video of BCG's Hal Sirkin)
There’s no doubt about it: The reshoring trend is rocking global business, with hundreds of companies working to bring their manufacturing operations back from China to North America. There are many factors fueling this move, including labor costs, transportation, quality issues and patriotism, among others. Hal Sirkin, a senior partner at Boston Consulting Group, has been examining this trend for years and admits that the recent surge in reshoring has shocked even experts and researchers. Knowledge@Wharton sat down with Sirkin to discuss the different elements contributing to the reshoring trend and how it affects global business dynamics, the labor market and even the U.S.-Mexico relationship. Wharton.upenn.edu
Submitted 1 years 253 days ago

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Theories of History: Joe Max Higgins and the Golden Triangle of Mississippi
The man you see above is Joe Max Higgins Jr, who is now in his mid-50s. He grew up in Arkansas as the son of a sheriff, and since the mid-2000s he has worked on economic-development programs for the part of Mississippi known as the "Golden Triangle." You'll see more about him and his colleagues here in coming days, and he will be part of a Marketplace radio segment next week. In this first installment I'd like to explain why I'm concentrating on him, and the larger trends he illustrates. Through most of my life as a writer and as a person, the big issue for me has been "the American question." That is: Is the country making it? How do its realities compare with its ambitions? Where has it set the balance between the creative chaos that is its secret, and just chaos? On the long arc of renewal and dissolution, where does it stand now? Most of my books have directly or indirectly addressed this theme. The Atlantic
Submitted 1 years 253 days ago

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Factory-Job Rebound Produces Winners, Losers
MOBILE, Ala.—The U.S. has added about 650,000 factory jobs since their numbers rebounded after the recession, putting manufacturing workers at 12.1 million and reversing a long decline in such jobs. But uneven growth has created regional disparities in the nation's overall economic recovery. Mobile County is among the winners. Shipbuilder Austal Ltd. 's facility here is busy seven days a week as workers piece together enormous aluminum sheets in a space the size of 13 football fields. It has added thousands of jobs since 2008 and plans more, thanks to huge U.S. Navy contracts. The Wall Street Journal
Submitted 1 years 253 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 Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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