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Goal: Put Winston-Salem among top 50 cities for job growth by 2020
Winston-Salem could find itself among the top 50 places for job creation by 2020 if it can generate some 7,500 more jobs than forecast, Winston-Salem Mayor Allen Joines said Wednesday in a presentation on “The State of the Community” hosted by the Winston-Salem Alliance. Journalnow.com
Submitted 1 years 292 days ago

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Polymer Solutions could bring more jobs and office space to Christiansburg in future
CHRISTIANSBURG — A nearly three decades old laboratory involved in materials testing brought 34 employees to the town this year, but it could create up to as many as 30 to 40 new jobs in the future. Roanoke.com
Submitted 1 years 292 days ago

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US Jobless Claims Falls to 15-year Low
New claims for U.S. unemployment insurance benefits rose modestly last week but the overall trend fell to a 15-year low, the Labor Department reported Thursday. Initial jobless claims, a sign of the pace of layoffs, rose by 3,000 to 265,000 in the week ending May 2, the department said. Industryweek.com
Submitted 1 years 292 days ago

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10 Best States for Working Mothers
If you’re a working mother, you may want to move to New England, where most states offer a more welcoming environment than in other regions of the country. Maine, Massachusetts and New Hampshire all made the list of the 10 best states for working mothers compiled by WalletHub and released Monday The Fiscal Times
Submitted 1 years 292 days ago

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What First-Quarter Earnings Reveal About the State of Corporate America
Nerves were on edge at the start of this first-quarter earnings season after fourth-quarter results were hit so hard by the drop in energy prices and the rise in the U.S. dollar, which pulls down the value of foreign earnings. With the bulk of the first-quarter earnings season now behind us, though, the good news is that earnings held up pretty well, thanks largely to accounting trickery and Wall Street’s usual game of managing expectations; but sales, which aren't as easily manipulated, suggest corporations remain under stress. The Fiscal Times
Submitted 1 years 292 days ago

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Common Cause’s Georgia Purge
Common Cause — “the original citizens’ lobby” — is “committed to . . . encouraging citizen participation in democracy.” Well, maybe not all citizens. Down in Georgia, where the nonpartisan, if generally left-leaning, Common Cause has been led by a balance of Left and Right, the national organization has just carried out a purge. National Review
Submitted 1 years 292 days ago

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Expanding opportunity through infrastructure jobs
In the face of dour news about stagnant wages, rising inequality, and a vanishing middle class, metropolitan areas are raising local minimum wages, experimenting with new apprenticeship programs, and considering a range of other development tools to tackle their workforce challenges. Collectively, these strategies represent crucial steps to boost incomes and improve economic mobility during the recovery. In the same way, infrastructure investment is supporting more and better jobs throughout the country, drawing from a variety of efforts across the public and private sector. Brookings.edu
Submitted 1 years 292 days ago

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Is It Worth Spending $111,000 to Create One Job?
Recent headlines and new research remind us that when state and local governments bet on specific industries or companies, taxpayers usually lose. In 2008, Massachusetts launched an initiative that authorized the state's Life Sciences Center to invest $1 billion over a decade ($500 million in grants, $250 million in loans and another $250 million in tax credits) to expand life-sciences-related employment and support research, development, manufacturing and commercialization. Governing.com
Submitted 1 years 292 days ago

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How Much Did States Spend Battling This Winter?
Transportation departments spent more than $1 billion since last October plowing highways, salting roads and coping with winter weather, according to a new survey. The tally of 23 states, conducted by the American Association of State Highway and Transportation Officials (AASHTO), put the total cost at more than $1.13 billion. The full costs are higher, as several snowy states did not provide figures for the survey. Governing.com
Submitted 1 years 292 days ago

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OUT to LUNCH
The Randle Report is breaking for lunch and making way for a new editor shift. Click on the headline above to access Southern Business & Development's Web site for more detailed information on economic development in the South. Posts will resume at 1:30 pm CDT.
Submitted 1 years 292 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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