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Air Liquide to build $170 million unit to supply St. James Parish plant
Paris-based Air Liquide plans to invest about $170 million in a unit to supply oxygen for Chinese petrochemical giant Yuhuang Chemical's planned methanol manufacturing complex in St. James Parish. The Advocate reports the Yuhuang Chemical plant will produce about 5,500 tons of methanol per day at an overall complex to be built in three phases at an estimated $1.85 billion on the west bank. NOLA.com
Submitted 1 years 298 days ago

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House Passes Keystone Bill, Sending It To Obama For Veto
WASHINGTON -- The House of Representatives passed the Senate version of legislation approving construction of the Keystone XL pipeline on Wednesday, sending the bill to President Barack Obama's desk for an anticipated veto. Huffington Post
Submitted 1 years 298 days ago

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'Out of tricks:' How Louisiana Gov. Bobby Jindal has driven state to $1.6B budget deficit
Year after year, Louisiana didn't have enough money to cover its expenses, yet Gov. Bobby Jindal refused to roll back income tax cuts or ever-increasing corporate tax breaks. Instead, he raided reserve funds and sold off state property. Jindal suggested job growth from his economic development wins would replenish those assets once the recession ended. It hasn't — and money from the lucrative oil industry has taken a nose dive with crude prices. Now, the Republican is running out of short-term patches and is struggling to plug a $1.6 billion budget hole just as he tries to build support for a possible 2016 presidential run. The Advocate
Submitted 1 years 298 days ago

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South Carolina exporters post 5th consecutive record year: $29.7 billion in 2014
COLUMBIA, S.C. –For the fifth consecutive year, the state of South Carolina has set a record for total export sales. Today, Gov. Nikki Haley, the South Carolina Department of Commerce and the South Carolina Ports Authority announced that the state’s 2014 exports totaled $29.7 billion, according to data from the U.S. Department of Commerce. The figure represents a more than 13 percent increase over the 2013 total. SC Commerce
Submitted 1 years 298 days ago

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Here are renderings for 1st phase of Baton Rouge’s unique Water Campus
It’s all bare earth now, but a big future is envisioned for the property along River Road at Oklahoma Street in Baton Rouge. The Water Campus is expected to be a national and international hub for river, coastal and delta research, and on Wednesday, government and nonprofit officials gathered to mark the beginning of construction for the project. “We know it will take a comprehensive approach,” Gov. Bobby Jindal told the crowd at an official groundbreaking Wednesday. “The buildings are beautiful and exciting, but it’s the work that will take place within these buildings that is really important to our state.” The Advocate
Submitted 1 years 298 days ago

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Ben Affleck looking to shoot movie on Georgia coast
Actor/producer/writer/director Ben Affleck can now add environmentalist to the list as he poses with Alice Keyes and Jovan Sage from One Hundred Miles, a coastal advocacy group, in Brunswick. Savannah Morning News
Submitted 1 years 298 days ago

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Kentucky votes to raise minimum wage to $10.10 by 2017
LEXINGTON, Ky. — A bill to raise the state’s minimum wage to $10.10 by 2017 passed the House on Tuesday by a 56 to 43 vote. The bill now goes to the Senate, where a similar bill died last year. Lane Report
Submitted 1 years 298 days ago

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Kentucky ad campaign generated $270 million in tourism, $28 million in taxes
An ad campaign promoting Kentucky as a tourist destination generated $270 million in overall economic impact, according to Michael Mangeot, commissioner of travel and tourism for the state. A study by Strategic Marketing and Research Insights of a $1.8 million campaign touting bourbon and horses, conducted last year by advertising agency Scoppechio for the state, found that the ads also generated tourism worth $28 million in tax revenue, Mangeot said Wednesday. Overall, Kentucky tourism is a $12.5 billion industry that supports more than 175,000 jobs and generates more than $1.3 billion in taxes, according to the Tourism, Arts and Heritage Cabinet. Kentucky.com
Submitted 1 years 298 days ago

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Jindal won't 'evolve' on same-sex marriage
Louisiana Gov. Bobby Jindal won't join the ranks of politicians who have "so called evolved" on same-sex marriage, he said Tuesday. Jindal, a Republican who is considering a presidential run, suggested that politicians like President Barack Obama and former Secretary of State Hillary Clinton changed their views on gay marriage because of polling indicating more Americans in support of gay marriage. CNN
Submitted 1 years 298 days ago

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Jindal to leave Louisiana's next governor with budget mess
BATON ROUGE, La. (AP) — Year after year, Louisiana didn't have enough money to cover its expenses, yet Gov. Bobby Jindal refused to roll back income tax cuts or ever-increasing corporate tax breaks. Instead, he raided reserve funds and sold off state property. Yahoo.com
Submitted 1 years 298 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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