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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

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AJW Architectural Products Chooses Comfort, Texas, As Site For Manufacturing-Warehouse Facility
As the site for their newest manufacturing-warehouse facility AJW Architectural Products, company that manufactures a complete line of Washroom Accessories, Washroom Partitions, Metal Lockers and Visual Display Products, selected Comfort, Texas. Area Development
Submitted 1 years 298 days ago

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Alorica is looking to hire 300 in San Antonio
Alorica Inc. is hiring 300 people to staff the company's new call center at the former Travelocity office in San Antonio. San Antonio Business Journal
Submitted 1 years 298 days ago

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Report: Tennessee No. 1 for megachurches per capita
Newsflash: Churches are kind of a big deal in Tennessee. A new report from Vox, cited by The Tennessean, found that the Volunteer State has 67 megachurches, putting it at No. 5 in the country. Memphis Business Journal
Submitted 1 years 298 days ago

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EastGroup Properties begins development on new $19.6M Texas industrial complex
National developer EastGroup Properties Inc. (NYSE: EGP), has begun construction of a new industrial complex in Flower Mound. The three Class A industrial buildings, which collectively will be called Parkview Commerce Center, will total 276,054 square feet of space at the southeast corner of Spinks and Gerault roads. The project is expected to cost $19.6 million to build. Dallas Business Journal
Submitted 1 years 298 days ago

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Bank of America’s layoffs hit Charlotte -- again
Bank of America Corp. (NYSE:BAC) is slashing more jobs in its mortgage-servicing unit, and this time the cuts are hitting the financial giant's headquarters city. Charlotte Business Journal
Submitted 1 years 298 days ago

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Florida firm acquires lease for 1,600-acre Effingham Co. movie studio site
Fonu2 Inc., a Fort Lauderdale, Fla.-based movie studio company says it has acquired a lease for 1,600 acres in Effingham County, Ga., from Moon River Studios. Atlanta Business Chronicle
Submitted 1 years 298 days ago

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Downtown tower breaks ground
A developer has broken ground on SkyHouse Main in downtown Houston, a residential tower catering to young professionals. The new 24-story building, SkyHouse Main, will have 336 apartments and 7,200 square feet of retail space on the ground floor. It will be a twin tower to the downtown’s first SkyHouse that recently opened just south of the site. Houston Chronicle
Submitted 1 years 298 days ago

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Home Depot hiring 1,600 in Houston; Lowe’s adding 525
It’s no coincidence that one of the busiest seasons for selling homes is also the peak season for home improvement stores. In preparation for spring as customers begin to spruce up their lawns and tackle home improvement projects, Home Depot is hiring 1,600 people in 40 stores in Houston. It is as part of an effort to add 80,000 nationwide. The jobs consist of permanent part-time and seasonal positions. Houston Chronicle
Submitted 1 years 298 days ago

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The paid sick leave battle continues, state by state
As the benefit gains adoption, so does a counter trend to ban local governments from instituting their own paid sick day mandates. There’s no doubt about it, the paid sick leave movement is on a roll. When residents of Massachusetts; Oakland, Calif.; and Trenton and Montclair, N.J. were asked if they wanted their local governments to require employers to offer workers paid sick leave on ballots in November, they voted yes in every instance. Fortune
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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