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Sequester Cuts Take Toll on Small Business
The sequester is taking its toll on small businesses across the country because of spending cuts to subsidy programs. It was estimated in February that the Small Business Administration's most popular loan program would be cut by $16.7 million, Politico reported Tuesday Newsmax
Submitted 1 years 347 days ago

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Charlotte's One Wells Fargo tower sells for $245 million
The One Wells Fargo tower uptown has been sold for $245 million, county records show. Starwood Capital Group and Vision Equities, real estate investment groups who have both been active in Charlotte, completed the deal several months after they had been said to be interested in the property. Once the headquarters of Wachovia Corp. and First Union Corp., One Wells Fargo had been on the market for several years. The building had been owned by Childress Klein, and will continue to be operated by the company after the sale. Charlotte Observer
Submitted 1 years 347 days ago

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Aiken diesel engine manufacturer finishes research and development center
A diesel engine manufacturer in Aiken County is now equipped to simulate the conditions of the North Pole, even if temperatures register into the minus-100-degree range. Augusta Chronicle
Submitted 1 years 347 days ago

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U.S. Infrastructure Is Actually Getting Better
Evan Soltas at Bloomberg View tries to debunk the notion that America isn't spending enough on its basic infrastructure. The argument is a bit unconvincing and amounts to showing that U.S. infrastructure spending is about average—"U.S. public investment has tracked the OECD average since at least 1970." It strikes me as extremely plausible that the average OECD country underspends on public investment. Slate
Submitted 1 years 347 days ago

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Stop Whining About Air Travel
Thanks to a visit to my in-laws in Texas, a trip to San Francisco to speak on a panel, and some poor scheduling, I’ve taken six airplane flights in the past seven days. It was bit grueling, but not nearly as grueling as reading the posts (1, 2, 3, 4, 5) by James Fallows at the Atlantic in which he and an array of readers dissect the failings of contemporary American aviation in general and United Airlines in particular. Flying as I was on United for all six legs, I reached the opposite conclusion: American commercial passenger aviation is pretty amazing. It’s time for the flying public to cut the airlines some slack and show a little appreciation. Slate
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Accelerating In Alabama
Like most of our friends from the Deep South, Gov. Robert Bentley speaks in a laid-back cadence that embraces a new acquaintance with neighborly warmth and welcomes a thoughtful conversation. Business Facilities
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Morici: Growing more jobs
The Labor Department announced the economy only created 88,000 jobs in March as many more adults quit looking for work than found jobs—for many Americans, good job remain tough to find. statesmanjournal.com
Submitted 1 years 347 days ago

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North Carolina JOBS Act of 2013 Enables Investment Crowdfunding
Morrisville, NC - Representative Tom Murry, working with local business owners and investors, has filed legislation to help local small businesses raise capital through crowdfunding. jobsnc.blogspot.com
Submitted 1 years 347 days ago

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Manufacturers Find New Life for Production in North Carolina's Northeast
Sailors call it “center of effort” – the point at which all the forces on a sail are concentrated. For Peter Johnstone, president and CEO of Gunboat International, the concept is equally applicable to marketing, which is why he recently moved one of the production facilities for his iconic luxury sailboats from South Africa to Wanchese in Dare County. Business Climate
Submitted 1 years 347 days ago

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SC House passes bill to keep guns from mentally ill
COLUMBIA — The South Carolina House unanimously approved a bill designed to prevent residents deemed mentally ill from buying guns. GoUpstate
Submitted 1 years 347 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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