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The US Manufacturing Industry Is Growing; Here's How to Keep It Strong
While China and other countries face challenges to their once-burgeoning manufacturing sector, all signs in the US are pointing to a growing industry now seen as a "rising star" in the world market. Thanks to an abundance of natural gas cutting energy costs, an increase in auto sales, and a host of other factors, the US manufacturing industry is now growing at its fastest pace within the past three years. But there's one obstacle standing in the way of a full US resurgence and the improved job numbers that could come with it: a lack of skilled American workers. Huffington Post
Submitted 1 years 307 days ago

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Top 10 Countries for Foreign Direct Investment
For the second year in a row the US is the place that most FDI is flowing into. This rating comes from the Foreign Direct Investment Confidence Index, established in 1998 by ATKearney. It ranks countries based on how changes in their political, economic, and regulatory systems are likely to affect foreign direct investment inflows in the coming years. A full 49% of respondents have a positive view of the United States, the highest number recorded in the index’s 16-year history. OECD member states account for 17 of the top 25 likely FDI destinations (including 11 European countries), in what appears to be a flight to quality, according to AT Kearney. However a core group of developing economies—China, Brazil, and India among them—continues to enjoy widespread confidence among business leaders. Industry Week
Submitted 1 years 307 days ago

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Toyota supplier to open a plant in Kentucky
Toyota supplier Kowa Kogyosho plans to open an $8.6 million plant in southeastern Kentucky. The Japanese metalworking firm will employ 30 people at the facility in Corbin, The Associated Press reported. Through a subsidiary, Kowa Kentucky, it will work on pipes used in Toyota (NYSE: TM) vehicles to prevent fuel from corroding them. The plant is scheduled to begin production in January 2016. "Our purpose of founding Kowa Kentucky here in the U.S. is to serve many other companies that we will be asked to supply in the near future," said Kimihiro Nakano, vice president for Kowa Kentucky. Business First
Submitted 1 years 307 days ago

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Two NC towns among Money magazine’s top 50 best places to live in U.S.
Two North Carolina towns made Money magazine’s annual list of the 50 best places to live in the U.S. The magazine reviewed cities with populations of 50,000 to 300,000 and researched data that examined the local economy, the housing market, schools and health care among more than 50 categories. myfox8.com
Submitted 1 years 307 days ago

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USDA Announces $59 Million in Loans and Grants to Increase Economic Opportunity, Support Rural Microenterprise Development
PIKEVILLE, Ky.-– USDA Rural Development Acting Under Secretary Doug O'Brien today announced the selection of 85 utilities and development organizations for loans and grants to support rural business activities that will boost economic growth in rural communities. usda.gov
Submitted 1 years 307 days ago

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DuPont to put $100M in Texas plant
DuPont's existing Sabine River Works in Orange County can't keep up with worldwide demand for its materials in a reviving American economy fueled by cheap and abundant domestic oil and natural gas. Beaumontenterprise.com
Submitted 1 years 307 days ago

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Rights of same-sex military spouses vary by state
Last year's U.S. Supreme Court ruling striking down the 1996 Defense of Marriage Act ensured that federal military benefits extend to same-sex partners and their children. But about two-thirds of active-duty personnel in the U.S. are based in states that don't recognize gay marriages, leaving thousands of military families missing out on legal rights they would enjoy if Uncle Sam had stationed them elsewhere. seattletimes.com
Submitted 1 years 307 days ago

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Brevard aviation flying high
Here’s something to keep in mind when you look at all the activity at Melbourne International Airport these days. It didn’t have to happen. But it makes sense that it did. Floridatoday.com
Submitted 1 years 307 days ago

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Novartis dedicates $1B vaccine plant with VIP flu shots as NC exec who recruited the firm will watch
RESEARCH TRIANGLE PARK, N.C. — It's probably a safe bet that Gov. Pat McCrory has already received his flu shot for the 2014-5 season, but he and other VIPs can line up for vaccinations today as Novartis formally dedicates production at its mammoth $1 billion plant in Holly Springs. But there's also an interesting back story to the event: The N.C. Biotechnology Center exec who helped recruit Novartis to N.C. way back in 2006. wraltechwire.com
Submitted 1 years 307 days ago

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6 Reasons For The Solar Boom
Reduced cost is the most obvious reason solar energy has blossomed across the United States in the last five years, aided by improved technology, but many factors have contributed to the boom, system installers and manufacturers said in Chicago Tuesday. Forbes
Submitted 1 years 307 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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