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Milliken announces plans to close longtime Greenville textile plant
Longtime Greenville employer Milliken & Co. announced plans Wednesday to end operations at its Judson plant, which employs 200 people. Greenvilleonline.com
Submitted 1 years 298 days ago

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Massive ski, snowboard mountain planned for Florida resort
KISSIMMEE, Fla. - Developers on Wednesday announced plans for a $309 million resort near Kissimmee that would include 14-story ski and snowboard mountain, an indoor/outdoor skateboard park and a snowball fight arena. Xero Gravity Action Sports said it plans to build the Action Sports & Entertainment Resort near the intersection of U.S. Highway 192 and State Road 535 in Osceola County, about 4 miles east of Celebration. Clickorlando.com
Submitted 1 years 298 days ago

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Billion-dollar problem brewing for Medicaid in Florida
A potential problem is brewing in Florida for Medicaid patients. State lawmakers recently discovered a gaping, billion-dollar hole in the budget to cover those costs. A budget deficit of $1.3 billion will be created if Florida's "Low Income Pool" program is not extended. Florida's "Low Income Pool" program, or LIP, reimburses hospitals that treat large numbers of poor and uninsured patients. According to the Tampa Bay Times, the funds are set to expire on June 30 and there is no renewal in place. Baynews9.com
Submitted 1 years 298 days ago

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100 jobs, $3.4 million investment — Volkswagen to start importing though Jaxport
Volkswagen Group of America is moving its Southeast import and distribution facility to the Port of Jacksonville, Fla., making a $3.4 million capital investment in the project, Florida Gov. Rick Scott announced during a press conference Wednesday afternoon. Atlanta Business Chronicle
Submitted 1 years 298 days ago

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Volkswagen picks JaxPort as its Southeastern U.S. port, importing VWs, Audis and Bentleys
Volkswagen Group of America on Wednesday named the Port of Jacksonville, Fla., as its Southeastern port, including the export of most of its vehicles made in Chattanooga which go overseas. Chattanooga Times Free-Press
Submitted 1 years 298 days ago

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VW To Spend $10 Million On Electric-Car Charging Sites, Asks Governments To Step Up Too
Volkswagen plans to invest millions of dollars into U.S. electric-car charging infrastructure, but doesn't want to go it alone. The German carmaker plans to spend $10 million on charging infrastructure, but wants assistance from Federal and state governments in promoting electric cars. Greencarreports.com
Submitted 1 years 298 days ago

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Boeing set to open new propulsion plant in North Charleston
NORTH CHARLESTON — Boeing is expanding its footprint on the South Carolina coast with the opening of a new plant. Gov. Nikki Haley and top Boeing officials are among those attending Wednesday's dedication of Boeing's new South Carolina propulsion plant in North Charleston. Goupstate.com
Submitted 1 years 298 days ago

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Offshore drilling is divisive issue in Virginia
NORFOLK -- Environmental activists led by the Sierra Club will protest drilling for oil and gas off the Virginia and North Carolina coasts. Wednesday afternoon's demonstrations include a press conference and mock oil spill near the Sheraton Waterside Norfolk hotel in downtown. 13newsnow.com
Submitted 1 years 298 days ago

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Japan-Based San-J International Invests $38 Million To Expand Its Henrico County, Virginia, Production Plant
San-J International, Inc., a leading producer of tamari sauce, will invest $38 million to expand its operation in Henrico County, Virginia. With a significant rise in customer demand for gluten-free products, the Henrico facility will increase production volumes with state-of-the-art equipment and create 18 new jobs. Area Development
Submitted 1 years 298 days ago

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Delta-Energy Group Invests $45 Million To Establish Operations Plant In Natchez, Mississippi
Resource recovery company Delta-Energy Group, LLC will locate its operations center at the former International Paper facility in Natchez, Mississippi. The project represents a corporate investment of $45 million and will create 91 new jobs. Area Development
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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