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Baxter International adding 200 new jobs in Opelika, Ala. by 2016
Baxter International Inc. recently announced plans to expand its dialyzer manufacturing facility in Opelika, Ala., to be able to keep up with a global need for the component used in hemodialysis therapy. The company will invest $300 million into the site, according to a release from the company, which will translate into a 230,000 square feet expansion with added production lines. The release also stated that the Opelika site currently employs around 170 workers, and the company announced that it would begin hiring for an additional 200 workers in 2016. ''Baxter’s expansion in Opelika will provide increased production of dialyzers, which are a critical component to the delivery of hemodialysis, a life-sustaining therapy for patients with end-stage renal disease,'' said Robert L. Parkinson, Jr., chairman and chief executive officer of Baxter. Birmingham Business Journal
Submitted 1 years 308 days ago

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Mica: 'The sky is not falling' for Orlando's simulation industry
If you’re worried about the modeling, simulation and training industry in Orlando, U.S. Rep. John Mica has a message for you: Don’t be. Mica issued a press release Aug. 20 that said not only are the military commands in Research Park not going anywhere, the much-ballyhooed TEACH contract — Train, Educate and Coach — wasn’t going away either. In an interview this afternoon, Mica clarified that the Warfighter Focus contract — the $11.2 billion parent contract to TEACH — would continue through 2016. “The components of the program would continue under a different name,” Mica said. “It would be the same level of support and the same activity under a different name.” Orlando Business Journal
Submitted 1 years 308 days ago

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Alabama biz taxes account for 47.5% of all state and local taxes
Alabama businesses paid $7.2 billion in state and local taxes in fiscal year 2013, according to an annual study prepared by Ernst & Young LLP in conjunction with the Council On State Taxation. That represented an 1.8 percent increase from the previous fiscal year, giving it the ninth lowest state and local business tax growth in the U.S. The state and local business tax estimates presented in the study reflect tax collections from August 2012 through September 2013. Of the $7.2 billion, $4.2 billion was in state business taxes and the remaining $3 billion was in local business taxes, the report showed. Birmingham Business Journal
Submitted 1 years 308 days ago

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Rural Media Group takes former GAC space on Nashville's Music Row
Rural Media Group is consolidating its operations in Nashville, bringing with it corporate jobs that were formerly based in Nebraska. Rural Media Group is the owner of RFD-TV, Rural TV and Rural Radio on SiriusXM, among other properties. According to a news release, it has reached a deal with Scripps Networks LLC to sublet the space previously occupied by GAC at 49 Music Square West. Rural Media Group's existing Nashville operation were previously based in NorthStar Studios on Dickerson Pike. “This option came along at the perfect time for our company as we have been looking for the right place to consolidate our operations and expand production for original programming,” Patrick Gottsch, founder of Rural Media Group Inc., said in a news release. Nashville Business Journal
Submitted 1 years 308 days ago

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$130M plant coming to Pine Bluff, Ark.
Pine Bluff, Arkansas, is getting a $130 million plant that will create 35 new jobs. Highland Pellets LLC, which makes wood pellets, is building the facility, which is expected to be operational by March 2016. In addition to the 35 jobs, officials anticipate the plant could create 482 indirect jobs in the Pine Bluff area. Ground will be broken on the facility in October. Highland Pellets’ parent company is based in Boston. “While this plant is the first built under the Highland brand, our colleagues Mike Ferguson and Scott Jacobs bring decades of industry leading experience in the engineering and operating of industrial wood pellet plants,” said Tom Reilley, chairman of Highland Pellets. “Together with Highland’s leadership team, who are veterans of Cargill, Black River, JP Morgan and EnerNOC, we are excited to complete our Pine Bluff facility and expand our footprint.” Memphis Business Journal
Submitted 1 years 308 days ago

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Texas must invest in infrastructure to support oil boom
Crumbling infrastructure is threatening to slow the oil boom in South Texas and curtail the economic benefits to the region, warns Mark Plummer, CEO and founder of Dallas-based Chestnut Exploration & Production. While the oil boom has brought jobs and increased tax revenues to the area, it has also brought increased usage of the roads and bridges which are essential to the success of these operations. Roads used for transportation to drilling sites are beginning to crumble and deteriorate causing road closures, accidents and delayed production. Oil-and-gas producers are being drawn to the area by the prolific Eagle Ford Shale geologic region. San Antonio Business Journal
Submitted 1 years 308 days ago

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Mexican energy reform means these new jobs in Houston
Mexico's energy reforms that were legally finalized in August will open the country up to much greater oil and gas exploration and new international investments. But, as the nation opens up to private energy exploration for the first time in 75 years, what does it mean for job opportunities for those in the Houston region? There will be lots of job creation and work for those in southern Texas, but it will come in phases and slower than many expect as the new Mexican laws and rules are implemented, said Rich Russo, Korn Ferry (NYSE: KFY) global knowledge manager for the energy, chemicals and process manufacturing practices. Korn/Ferry is an executive recruiting and talent management company with a major presence in Houston and Mexico. Houston Business Journal
Submitted 1 years 308 days ago

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Manufacturing jobs have changed
After months of hushed planning and work behind closed doors, Gov. Pat McCrory on Monday announced the arrival of a Quebec company to Scotland County, along with a $62 million investment and nearly 200 jobs that will bring a collective payroll of $3.2 million. It’s news that we like to report. But McCrory and state Commerce Secretary Sharon Decker’s assessment that rural North Carolina’s financial future lies in manufacturing still remains to be proven. LaurinburgExchange.com
Submitted 1 years 308 days ago

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US factory activity expands at fastest pace in over 4 years in Aug: Markit
The U.S. manufacturing sector expanded in August, with the rate of growth exceeding expectations and moving at the fastest pace in more than four years, an industry report showed on Thursday. Financial data firm Markit said its preliminary or "flash" U.S. Manufacturing Purchasing Managers Index rose to 58 in August, which was its highest since April 2010, from 55.8 in July. Economists polled by Reuters expected a reading of 55.7. CNBC.com
Submitted 1 years 308 days ago

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Alabama incentives for Opelika manufacturing plant expansion to top $5.1 million
Georgia Southern University made history Wednesday when the University System of Georgia's Board of Regents granted the university the first undergraduate manufacturing engineering degree program in the state and the Southeast. "Manufacturing is returning to the U.S., and the state of Georgia can now prepare its citizens for careers in this fast-growing field," said Mohammad Davoud, the dean of the Allen E. Paulson College of Engineering and Information Technology. StatesboroHerald.com
Submitted 1 years 308 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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