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Smokestacks fall at Duke Energy’s closed Cape Fear Plant (VIDEO)
Duke Energy used explosives Friday to topple the twin smokestacks at its shuttered Cape Fear Plant in Chatham County. Charlotte Business Journal
Submitted 1 years 309 days ago

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BHM may offer incentives to lure more flights
A two-hour drive from Birmingham sits one of the world's busiest airports. Hartsfield-Jackson Atlanta International is one of the busiest airports in the world, and it continues to grow. Birmingham Business Journal
Submitted 1 years 309 days ago

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Why is America's Manufacturing Job Loss Greater than Other Industrialized Countries?
The rapid decline of U.S. manufacturing employment demonstrate the severity of the challenges faced by America’s manufacturing industries. In July 2014, ITIF’s Stephen Ezell testified before the Senate Finance Committee regarding the importance of manufacturing to America’s economy and the role that U.S. trade and technology policy plays in supporting American manufacturing. Industryweek
Submitted 1 years 309 days ago

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Clinton urges Southern states to seek cooperation on R&D
LITTLE ROCK, Ark. (AP) -- Former President Bill Clinton is urging Southern states to find new ways to cooperate as they try and find ways to expand research and development (R&D) opportunities in the region. Accessnorthga.com
Submitted 1 years 309 days ago

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Vicinitas Cancer Care Invests $4 Million In Boca Raton, Florida, Headquarters
Vicinitas Cancer Care, Cancer Treatment Centers of America Preferred Provider Alliance, will invest $4 million to locate, renovate and equip its planned 45,000 square foot headquarters at 1200 North Federal Highway in Boca Raton, Palm Beach County, Florida. Over the next 5 years the company plans to have 200 full-time employees. Area Development
Submitted 1 years 309 days ago

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Spartan Light Metal Products Begins $17 Million Expansion At Its Mexico, Missouri, Manufacturing Plant
Spartan Light Metal Products, an automotive supplier, will begin an expansion to its facility in Audrain County, Missouri. The auto supplier’s expansion project includes the creation of 88 new jobs and a capital investment of $17 million to purchase new equipment and retool the company’s growing facility. Area Development
Submitted 1 years 309 days ago

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Rick Perry: Border Security Before Immigration Reform
In what resembled a presidential campaign speech, Texas Gov. Rick Perry called for increased federal controls against illegal immigration and stronger military action in Iraq. Before Congress considers comprehensive immigration reform, “how about we start with comprehensive border enforcement,” Perry said Thursday amid two dozen cameras at the headquarters of the Heritage Foundation, a conservative think tank in Washington, D.C. Governing.com
Submitted 1 years 309 days ago

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In D.C., defiant Rick Perry sounds off
Texas Gov. Rick Perry might be under indictment, but he sure isn’t shying away from the limelight. A defiant Perry appeared at The Heritage Foundation on Capitol Hill on Thursday to deliver a talk on immigration reform and border security. But the matter on everyone’s minds at the filled-to-capacity auditorium was the criminal case the likely 2016 hopeful is suddenly up against. And he did not skirt the topic. Politico
Submitted 1 years 309 days ago

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Bob McDonnell on the stand: His last campaign
RICHMOND, Va. — His expression was grim, his voice cracked at just the right times, and he appeared in genuine pain — all while describing his wife. As Bob McDonnell testified in his public corruption trial Thursday, it was easy to see why he was once regarded as one of the most talented Republican politicians in the country. He didn’t simply throw his wife, Maureen, under a bus to keep himself out of prison. He laid her down gently on the road, with a pillow and blanket. Politico
Submitted 1 years 310 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 310 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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