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

 

 
11
Likes

That's The Randle Report for Friday, July 25, 2014
Join us again on Monday 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 309 days ago

38
Likes

Something New for U.S. Manufacturing: Stability
Has the number of American factories finally stopped its long, painful decline? One economist thinks so. Daniel Meckstroth, chief economist at the Manufacturers Alliance for Productivity and Innovation, a research group in Arlington, Va., regularly does his own calculation of the number of plants based on data from the Bureau of Labor Statistics that tracks factory openings and closings. Even in the darkest days of manufacturing’s long slide, there were factories being built—but their number was far outweighed by the rush to shutter operations. Millions of jobs were lost in the process. But Mr. Meckstroth says he thinks we’re at an inflection point. “After a steady decline that continued for over ten years, we’ve finally flattened out,” he says. From the peak in 1998—when there were 376,000 factories sprinkled across the U.S.—the number fell steadily until about two years ago. However, since late 2012, the number has hovered around 304,000. That’s by far the longest period of stability since before the sector fell on hard times. The Wall Street Journal
Submitted 1 years 309 days ago

14
Likes

Texas’ oil and gas industry expands to near-record levels
All signs pointed to a slowdown in the state’s oil and gas industry last year, but Texas production instead intensified to near-record levels, spurred by higher-than-expected oil prices driven by overseas turmoil, a new industry report shows. Statewide crude oil production is now poised to surpass its 1972 all-time high within two years, said Karr Ingham, an economist for the Texas Alliance of Energy Producers. “It looks to me you’d have to have a fairly dramatic set of circumstances to prevent that from happening,” he said in a presentation at the Petroleum Club in downtown Houston. Houston Chronicle
Submitted 1 years 309 days ago

9
Likes

East Tennessee auto supplier creates 1,000 jobs
Auto parts supplier SL Tennessee LLC officials said today the company will invest $80.5 million in Clinton, Tenn., outside Knoxville and create 1,000 new jobs. Located in Clinton since 2001, this will be the company’s fifth expansion. SL Tennessee was an early supplier to Chattanooga’s Volkswagen assembly plant. SL Tennessee will begin construction in August 2014 with a goal of being fully operational by April 2015. “I want to congratulate SL Tennessee on its latest expansion and thank the company for the 1,000 new jobs created in Clinton,” Tennessee Gov. Bill Haslam said. “SL Tennessee has been an outstanding corporate citizen in Anderson County for nearly 15 years, and we are grateful to the company for bringing us one step closer to our goal of making Tennessee the No. 1 location in the Southeast for high quality jobs.” Chattanooga Times Free Press
Submitted 1 years 309 days ago

-3
Likes

AP: State funded startups outside Texas
One of the businesses that received money from the Texas Emerging Technology Fund operates in California while others list out-of-state employees and short-term hires as being among the jobs they created, the Associated Press reported Friday. The controversial fund designed to bolster private-sector startups and research at public universities that was created by Gov. Rick Perry has backed startups that have forfeited their right to do business in Texas by not filing tax reports, according to the AP article. Targazyme Inc. is one example of a problematic startup that is chronicled. On paper, the San Antonio-based startup is developing stem-cell breakthroughs with 14 employees and the help of $1.25 million in state funds. But the rural address listed for its Texas headquarters is actually a weedy horse pasture. During a recent visit by a reporter, the ex-husband of the CEO was warning his guest to watch for rattlesnakes, according to the AP. Austin Business Journal
Submitted 1 years 309 days ago

14
Likes

Bridging skills gap, job training key to Texas' economic success, report shows
Greater investment in education and training along with bridging the skills gap are key to Texas' economic success and to keep pace with its rapidly changing employment landscape, The Texas Tribune reported based on a workforce study released Wednesday. The study, released by the Texas Comptroller of Public Accounts, highlighted the demographic challenges Texas faces as well as the significant steps lawmakers need to take to meet employer demands. In Texas, the under-18 population grew 17 percent from 2000 to 2010, 6.5 times the national rate, and its workforce is slated to grow much faster than the rest of the country between 2011 and 2040. This could prove to be an economic asset or a liability – it means education programs and job training are critical for the young workforce looking to replace retiring baby boomers. Austin Business Journal
Submitted 1 years 309 days ago

4
Likes

American Airlines, Southwest report record profit in 2nd quarter
U.S. airlines posted profit of more than $4 billion in the second quarter, as nearly everything worked in the industry’s favor. Fuel prices remained stable. A lot of people wanted to travel, particularly on domestic routes. Carriers kept down the supply of seats, keeping prices up. And there wasn’t any big event — terrorism, recession or other deterrent — to scare travelers away during the three months ending June 30. As a result, a number of carriers posted record profit — along with optimism about the rest of the summer travel season. Airline executives said they expect unit revenue to increase in the third quarter, although there are some sour points. One problem: With American Airlines, Delta and United Continental sharply reducing flights to Venezuela, their bottom lines will miss the revenue, particularly at American. Dallas Morning News
Submitted 1 years 309 days ago

11
Likes

Growing job demand in Gulf of Mexico to be met with new partnership between LMOGA, LED, and several Louisiana colleges
With an estimated 30,000 offshore jobs coming to the Gulf of Mexico over the next few years, Louisiana is jumping ahead of the curve and organizing a singular program to meet the demand. The Louisiana Mid-Continent Oil and Gas Association; Louisiana Economic Development; Louisiana Workforce Commission; University of Louisiana System and the Louisiana Community and Technical College System are partnering to create a curriculum and certification program aimed at deep-water exploration and production. Representatives from each entity signed a memorandum of understanding Thursday, agreeing to provide support in recruitment, curriculum development, general advisory, status reports and financial sources for training. NOLA.com
Submitted 1 years 309 days ago

14
Likes

NC senators push for new incentives to encourage relocating businesses
RALEIGH Three years ago, Republican lawmakers balked at a deal put forward by Democratic Gov. Bev Perdue to offer a company cash incentives to lure 1,300 jobs to North Carolina. Now, with a Republican governor at the helm, some GOP lawmakers want to expand state incentives and create a so-called “closing fund” that will allow cash grants to seal a deal with large corporations that promise to add jobs. The job development measures were tucked at the end of a bill to limit local governments’ authority to levy sales taxes and received little debate Thursday before passing the state Senate by a 32-16 vote that crossed party lines. But the new direction is clear. Charlotte Observer
Submitted 1 years 309 days ago

16
Likes

Poll: Do you favor using Alabama tax dollars set aside for education to pay cost for recruiting industry into state?
Gov. Robert Bentley on Wednesday kicked up a storm when he said he wanted to call a special session of the Legislature to have it approve a raid (my word) on tax dollars collected for schools and colleges. Bentley said he wanted to take school dollars and use them instead to help pay the cost of recruiting industry into the state. Bentley's reasons for doing this is that the kitty that is usually used to pay those costs is essentially broke. Bentley said the additional tax benefits that new businesses bring to Alabama mostly flow to the Education Trust Fund, the source of dollars for schools and colleges. "Who pays for the incentives? It's not education, but they benefit from it totally. ... You ought to eat what you kill," the governor said. AL.com
Submitted 1 years 309 days ago

 

 

 

Most Liked Stories (past 24 hrs.)


Most Disliked Stories (past 24 hrs.)


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. 
 


 

 

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

Copyright ©2016 Randle Report
All of the South's Business and Political News in One Place
Login