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VIDEO: POLITICO Playback


Politico
Submitted 1 years 292 days ago

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States' Shifting Reliance on Income Versus Sales Taxes
Where states derive their tax revenue has always varied significantly across state borders. Texas and Florida rely on sales taxes for the vast majority of tax revenues, while New York, Virginia and other states lean more on income taxes. A handful of states have slowly started to shift their reliance on various taxes in recent years. Much of the movement has occurred in states controlled by Republicans who’ve targeted income taxes for cuts and have looked to raise sales taxes to offset part of the difference. Governing.com
Submitted 1 years 292 days ago

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Minnesota-based Cirrus Aircraft to establish center in Knoxville area creating 170 jobs, invest $15 million
ALCOA-– Minnesota-based aircraft company, Cirrus Aircraft, announced a new location in East Tennessee that will create 170 jobs in the Knoxville area. Governor Bill Haslam and Economic and Community Development Commissioner Randy Boyd, along with Cirrus Aircraft Co-Founder and CEO Dale Klapmeier made the announcement on Wednesday at McGhee Tyson Airport. The new Cirrus Customer Experience Center, also called the “Vision Center,” will represent a $15 million investment. Wate.com
Submitted 1 years 292 days ago

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Isle of Wight announces new economic development director
Isle of Wight County has hired a new economic development director after being without a permanent director for nearly 10 months. Tom Elder, who has spent nearly two decades in regional and municipal economic development in Hampton Roads, in will start on June 1. Elder has spent the last three and a half years as the executive vice-president of the Hampton Roads Economic Development Alliance, which serves 15 localities including Isle of Wight. Dailypress.com
Submitted 1 years 292 days ago

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Economic development or community development?
An economic developer must also be a community developer. Some may not appreciate the distinction, as the terms “community development” and “economic development” often are used interchangeably. A successful community recognizes and understands the strategic relationship between these distinct but interrelated and interdependent roles. Centralkynews.com
Submitted 1 years 292 days ago

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Clock ticks down on highway funding
Congress has just weeks to sift through several options for short-term highway funding, as Republicans scramble to ensure that a shutdown of infrastructure projects doesn’t occur this summer. There’s little doubt among lawmakers that some sort of highway funding extension will materialize before the May 31 deadline, be it through July, September or the end of the year. The Hill
Submitted 1 years 292 days ago

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Reshoring Nets 10,000 New Jobs in 2014
Ten years ago, the US was losing 140,000 jobs each year to outsourced manufacturing. In 2014, the counter trend of bringing manufacturing back to the US has resulted in a net gain of 10,000 jobs, according to the Reshoring Initiative Data Report: Reshoring and FDI Boost US Manufacturing in 2014. Ebonline.com
Submitted 1 years 292 days ago

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Stephen Colbert shocks South Carolina schools by funding every single teacher-requested grant
Comedian Stephen Colbert announced Thursday that he would fund every existing grant request South Carolina public school teachers have made on the education crowdfunding website DonorsChoose.org. Dailykos.com
Submitted 1 years 292 days ago

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High-Profile Tennessee Republicans Lash Out at Koch Brothers Group: 'We're Aggravated By It'
The Koch Brothers are America's most powerful siblings, heavily funding both political campaigns and a network of right-wing propaganda. They reportedly plan to spend up to a billion dollars on the 2016 election. But there are signs the Kochs' influence is starting to produce a backlash even in the Republican Party they finance. Alternet.org
Submitted 1 years 292 days ago

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Songs About Your City, Mapped
Some people create music playlists to suit their mood, or the occasion, or their preferred genre. Others, myself included, organize their songs by city. Most of the songs on my city playlists are either ones I first heard when I lived in that city, ones that now remind me of my life in that city, or ones with lyrics explicitly about that city. My "Chicago" playlist, for example, contains the Sufjan Steven's song with the same name and the Andrew Bird song "Pulaski at Night." Citylab.com
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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