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Fed’s focus on jobs will not waver, officials say
(Reuters) – The Federal Reserve will not waver from its aggressive policy stance when one of its two bond-buying programs expires at year end, and it is prepared to do even more to get Americans back to work, two Fed officials said on Tuesday. The U.S. central bank, which last week launched a potentially massive policy-easing effort with no set end date, will closely watch the ailing labor market for meaningful signs of improvement, the Fed policymakers said.
Submitted 1 years 337 days ago

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The South's Best Economic Development Law Firms
If your company is undergoing a site search in the American South, this digital magazine of the South's best economic development law firms is a valuable asset. Southern Business & Development magazine recently conducted a survey of the region's economic development community and the results of the survey can be found in this digital magazine. Find out which law firms are considered the best in the practice of economic development. Click on the headline above. SB&D
Submitted 1 years 337 days ago

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China says U.S. auto trade complaint driven by election race
BEIJING (Reuters) – China said it has been made a victim of U.S. electoral politics after Washington launched an international trade case alleging that Beijing has been unfairly subsidizing automobile and auto parts exports. U.S. President Barack Obama announced the World Trade Organization (WTO) case against China over allegedly illegal subsidies for automobiles and auto parts during an election campaign stop in Ohio on Monday.
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Clint Eastwood Talks Gay Marriage, RNC Speech Controversy With Ellen DeGeneres



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That's The Randle Report for September 18, 2012
That's a wrap on The Randle Report for today. Feel free to use the sort buttons above or the search window to find your favorite stories from today, last week, last month or in the last year. If you are looking for more information on economic development in the South, click on the headline above to read Southern Business & Development magazine. If you want to keep up with the South's growing automotive industry, go to www.SouthernAutoCorridor.com. If you are looking for sports in the South, go to www.RandleSportsReport.com, or click on the "Sports" tab above.
Submitted 1 years 338 days ago

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VW: Mid-sized crossover to join U.S. lineup. Likely to be built in Chattanooga
As the Volkswagen brand strives to sell 800,000 vehicles in the United States by 2018 -- up from a projected 420,000 this year -- the focus will be the U.S.-made Passat sedan and the Mexico-built Jetta sedan and Beetle coupe and convertible. VW will add a crossover larger than the compact Tiguan that likely will be produced in Chattanooga. And it likely will try again with the Phaeton luxury sedan, but will price the flagship well below $70,000 to avoid the earlier Phaeton's flop a few years ago. That car was pulled from the United States in 2006 because of slow sales, attributed in part to a $65,000 price tag that topped $100,000 with the 12-cylinder engine. Automotive News. For more information on the South's automotive industry, go to www.SouthernAutoCorridor.com.
Submitted 1 years 338 days ago

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Could Chattanooga get another VW model?
CHATTANOOGA, TN (WRCB) -- Automotive News' web site is reporting Tuesday that Chattanooga-based Volkswagen will add a "crossover" type SUV larger than the small-ish Tiguan to the lineup. The new vehicle is expected to be produced in Chattanooga. Also listed as possibilities is the return of VW's flagship luxury sedan, the Phaeton, which is expected to be priced well below $70,000. The Phaeton didn't fare well in the U.S. market, as was considered be some to be a rare misstep by Volkswagen. VW is working to hit their goal of 800,000 vehicles sold in the U.S. markets by 2018, focusing on the Chattanooga-built Passat and the Mexico-built Jetta and Beetle models. WRCB
Submitted 1 years 338 days ago

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Vehicle production resumes at Spring Hill, Tenn., GM plant
After nearly three years, the General Motors plant in Spring Hill is producing vehicles again. Production on the Chevrolet Equinox began Sept. 4, with the first shipment to dealers heading out this week, said plant spokeswoman Lee Ann Williams-Maley. More than 1,800 are employed at the Spring Hill facility. The plant idled in November 2009 when production of the Chevrolet Traverse moved to Michigan. The Tennessean
Submitted 1 years 338 days ago

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Merged EADS-BAE Systems could take Airbus name
The name of a merged EADS and BAE group might be Airbus, according to a report in the Financial Times. The proposal for taking the name of the EADS unit has been mooted by the company despite the suggestion that such a name could inflame tensions with both the US and Britain, the paper reported. The French group has apparently suggested that the combined HQ should be in the UK to help assuage such sensitivities. However, the report says, BAE has opposed using the Airbus name as it would not be welcome in the US where Airbus is the biggest rival to Boeing. The report quotes an unnamed senior executive as saying: "This [the Airbus name] would be anathema to a lot of Americans." Airwise.com
Submitted 1 years 338 days ago

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State website Alabama.gov named Best of the Web
The state of Alabama’s website is a hit with those who rank governmental sites, taking the top awards from two national organizations. Alabama.gov was named the best state government website in the 2012 Best of the Web Awards, sponsored by the Center for Digital Government. It also won the 2012 Best Government Site award from the Web Marketing Association. It’s the first time the state has won the top award from either group. The state contracted Alabama Interactive to work on the site in 2002, and it redesigned the site based on feedback from residents. Mary Beth Walls of Alabama Interactive said that meant putting a priority on ease of use, a design that works across all types of devices and the ability to serve as a “one-stop shop” that offers the most important information to visitors. Montgomery Advertiser
Submitted 1 years 338 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 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     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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