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Southern Classic Food Group will invest $3.2 million to expand its production center, add 20 jobs
Southern Classic Food Group will invest $3.2 million to expand its production center and add about 20 members to its workforce in Brundidge, Alabama. Area Development
Submitted 1 years 286 days ago

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Court Gives Obama a Climate Change Win
WASHINGTON — A federal court on Tuesday dismissed a lawsuit by the nation’s largest coal companies and 14 coal-producing states that sought to block one of President Obama’s signature climate change policies. New York Times
Submitted 1 years 286 days ago

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Top Republican Donor To Spend $175 Million To Get His Party To Take Climate Change Seriously
Usually the news that a major Republican donor will be dropping hundreds of millions of dollars on a campaign to influence voters on energy and climate change would make environmentalists worried. But not when that donor is spending $175 million to get Republicans to talk about clean energy and the solutions to the climate crisis. Think Progress
Submitted 1 years 286 days ago

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Where There's Still a Middle Class
The size of our cities affects income inequality. Richard Florida has argued many times here at CityLab about how the “skills clustering” that happens in the nation’s largest cities—people with high education levels moving into a small number of highly specialized jobs—tends to produce greater income inequality: Citylab.com
Submitted 1 years 286 days ago

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The Hospitals That Overcharge Patients by 1000 Percent
Try to avoid breaking any limbs in Crestview, Florida. You might wind up in North Okaloosa Medical Center, which charges 12.6 times, or 1,260 percent, more than what it costs the hospital to treat patients. North Okaloosa, along with New Jersey’s Carepoint Health-Bayonne Hospital, tops the list of the U.S. hospitals with the highest markups for their services, according to a new study in Health Affairs. The study found that, on average, the 50 hospitals with the highest markups charged people 10 times more than what it cost them to provide the treatments in 2012. The Atlantic
Submitted 1 years 286 days ago

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Avis shifts Virginia Beach office for net loss of 70-90 jobs
Avis Budget Group, which employs 520 workers at a facility here, has decided to outsource part of its operation, affecting up to 150 workers in some way, the company said Tuesday. The Virginian-Pilot
Submitted 1 years 286 days ago

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Virginia’s Top Republican Beats Tea-Party Challenger and Vows to 'Work Together'
Virginia’s top Republican easily withstood a ­tea-party primary challenge Tuesday, signaling that a deeply fractured state GOP may be finding its footing at a crucial time when national Republicans are preparing for the 2016 presidential race. Governing.com
Submitted 1 years 286 days ago

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Elephant to expand staff, HQ
An insurance company has a major growth plan in the works for its Henrico County operations that would nearly quadruple its current headcount over the next three years. Richmondbizsense.com
Submitted 1 years 286 days ago

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Where Did All the Construction Workers Go?
There should be plenty of workers in hard-hats looking for jobs. From April 2006 through January 2011, nearly 2.3 million construction jobs–more than 40%–were wiped out. As of last month, the sector was still more than 1.3 million jobs shy of its bubble-era peak. But if workers are out there, builders can’t seem to find them. Wall Street Journal
Submitted 1 years 286 days ago

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Florida House, Senate reach deal on business incentives
The Senate added $5 million to its business-incentives offer late Monday after lawmakers cleared up a "misunderstanding" that earlier in the day put an unexpected halt to budget talks on transportation, tourism and economic-development issues. Jacksonville Business Journal
Submitted 1 years 286 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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