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U.S. Oil Export Decision Opens New Potential Gateway for Industry
The U.S. Commerce Department quietly has cleared two Texas-based companies to export a type of crude oil, slightly easing decades-old restrictions and possibly opening the door for many other oil producers. National Geographic
Submitted 1 years 309 days ago

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Rulings on Oil Exports Roil Industry, Washington
The energy industry and Washington on Wednesday struggled to understand the potentially far-reaching implications of a break in the U.S. ban on oil exports. Wall Street Journal
Submitted 1 years 309 days ago

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US allows oil exports for 1st time since 1970s
WASHINGTON: The US will allow two companies to export unrefined oil for the first time in four decades, taking steps to break a ban on crude exports, The Wall Street Journal reported Tuesday. The Commerce Department will permit the two Texas-based companies to export the ultra-light condensate, which has grown in supply on the back of the boom in fracking-based exploration and production of natural gas. The Star
Submitted 1 years 309 days ago

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Dallas region sees growth in software and mobile app development talent
When content management startup ContentGuard decided to move from Southern California last year, its choice for a new headquarters came down to Seattle or cities in Texas. In the end, perhaps surprisingly, it picked Plano. Dallas Morning News
Submitted 1 years 309 days ago

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The Best Cities For STEM Job Openings Right Now
STEM occupations–described as those requiring a degree in science, technology, engineering, and math related subjects–currently account for more than 10% of jobs in the United States, and pay wages close to double the U.S. average, according to data from the Bureau of Labor Statistics. Forbes
Submitted 1 years 309 days ago

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Incentives crucial, film industry backers say
RALEIGH, NC-- Like a movie rushing to its climax, supporters of North Carolina’s film industry Wednesday mounted a last-ditch fight to keep the incentives they say make the state a favorite location for Hollywood. Losing them, one Wilmington lawmaker said, would amount to a “death knell” for the industry in North Carolina. Charlotte Observer
Submitted 1 years 309 days ago

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Bank of America lays off 540 in Charlotte
Bank of America is laying off 540 of its Charlotte employees as the bank slashes its division that handles troubled mortgages. It marks the largest single big-bank layoff in the city since 2009. The cuts announced Wednesday amount to nearly two-thirds of the local workforce in that division, known as Legacy Asset Servicing. Charlotte Observer
Submitted 1 years 309 days ago

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Mark Sanford’s Path of Most Resistance
It had been a 14-hour day of campaign-style barnstorming, but at nearly 11 p.m. there was something Mark Sanford felt compelled to show me. We were hiking across the Coosaw Plantation, an enviable slice of Southern landscape that Sanford’s family owns. Nestled in the marshy South Carolina coastline, it has ancient live oaks and twisting palmettos, cascading Spanish moss and views of the Coosaw River and the Atlantic beyond. But I could see none of it as we walked in the pitch black. New York Times
Submitted 1 years 309 days ago

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Thad Cochran’s Debt to Mississippi
The prospect of electing an intemperate Tea Party candidate who was openly nostalgic for Confederate days was so repellent to many black voters in Mississippi that they did a remarkable thing on Tuesday, crossing party lines to help give the Republican Senate nomination to Thad Cochran, in office for 36 years. Now it’s time for Mr. Cochran to return the favor by supporting a stronger Voting Rights Act and actively working to reduce his party’s extreme antigovernment policies. New York Times
Submitted 1 years 309 days ago

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How Mississippi Democrats and GOP bigwigs helped Thad Cochran win
JACKSON, MISS. — In an improbable ending to a wild race, six-term Sen. Thad Cochran (R) of Mississippi defeated tea party challenger Chris McDaniel in a primary runoff vote – and did so with a critical assist from Democratic voters, many of them African-American. Christian Science Monitor
Submitted 1 years 309 days ago

 

 

 

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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