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Should Energy Companies Be Liable For Earthquake Damage?
The possible connection between disposal of fracking wastewater and earthquakes is the focal point of a lawsuit in Oklahoma. Jennifer Lin Cooper and her attorney Scott Poynter claim the November 2011 earthquakes in Prague, Oklahoma caused significant property damage. They allege that New Dominion LLC, Spess Oil Co., and 25 unnamed energy companies are to blame. Manufacturing.net
Submitted 1 years 298 days ago

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Take It From Freedom Industries: How NOT To Handle A Major Chemical Accident
It’d be a comedy of errors if it was funny. But for the former executives of Freedom Industries, there hasn’t been much to laugh about since the Jan. 9 2014 spill into the Elk River that catapulted them into the spotlight. Manufacturing.net
Submitted 1 years 298 days ago

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U.S. becomes hot spot for aerospace manufacturing
The aerospace industry is shifting more manufacturing investment to the United States after a decade in which production jobs in the sector flowed to China and other emerging economies, according to a new study. Reuters
Submitted 1 years 298 days ago

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Oklahoma legislators debate property tax exemption for manufacturing, wind farms
A study on the five-year ad valorem tax exemption for manufacturers and wind farms said the incentive has helped Oklahoma’s economy. The exemption, in place since the 1980s, has come under fire from some critics who say it has been too generous to the wind industry in recent years. Responding to proposed legislation to rein in the incentive, The State Chamber released a study Monday on the economic benefits of the ad valorem tax exemption used by Oklahoma wind farms and manufacturers. The Oklahoman
Submitted 1 years 298 days ago

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More than 100 manufacturing jobs coming to Comfort
KENDALL COUNTY, Texas - More than 100 jobs will be coming to the Hill Country area now that a manufacturing company has selected the town of Comfort at the site of its newest facility. The Boerne/Kendall County Economic Development Corporation made the announcement early Wednesday that AJW Architectural Products would be building a new warehouse in Comfort. news4sanantonio.com
Submitted 1 years 298 days ago

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Opinion: No, ‘truck driver’ isn’t the most common job in your state
You may have heard recently that “truck driver” is the most common occupation in many states. That’s a surprising fact unearthed by Quoctrung Bui, a diligent data analyst at NPR, and his story and chart were picked up uncritically by many other media outlets (including MarketWatch) and were featured on Facebook and Twitter feeds: “Why America is now a nation of truck drivers.” Marketwatch.com
Submitted 1 years 298 days ago

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Keystone Bill Passes As Veto Threat Lies Ahead
The Republican-led Congress gave final passage on Wednesday to a bill to approve the long-pending Keystone XL pipeline, a measure that next goes to President Barack Obama, who has vowed to veto it. The bill passed by 270-152 in the House of Representatives, with only one Republican voting against it and 29 Democrats for it. The legislation passed in the Senate in late January. The Fiscal Times
Submitted 1 years 298 days ago

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Louisiana officials try to keep state from credit downgrade
BATON ROUGE – Seeking to stave off a downgrade to Louisiana’s credit rating, state officials asked a national rating agency Wednesday to give Louisiana time to clean up its budget problems, Treasurer John Kennedy said. Thetowntalk.com
Submitted 1 years 298 days ago

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Boeing to send more 737 MAX, 777X work to South Carolina plant
Boeing Co (BA.N) will send more work to a new aircraft component plant in South Carolina than it had previously announced, company executives said on Wednesday, as the planemaker seeks to reduce labor costs. Boeing chose the new Propulsion South Carolina plant because of the state's "business-friendly" environment, said Beverly Wyse, the newly named vice president and general manager of Boeing South Carolina. Reuters
Submitted 1 years 298 days ago

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Giti Tire’s new Richburg plant by the numbers
Giti Tire officially breaks ground at 11 a.m. Thursday to start construction of its Richburg plant near I-77 and S.C. 9. The Singapore-based company, which announced plans to build the plant in June, expects it to open in 2017. Here’s a by-the-numbers look at Giti Tire and the Chester County plant. Heraldonline.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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