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Study: EPA climate rule would create jobs
The Environmental Protection Agency's (EPA) plan to cut greenhouse gas emissions at power plants will end up creating more jobs than it cuts, according to a new analysis of the proposed rule. EPA's Clean Power Plan would require existing power plants to cut their greenhouse gas emissions and transition to a cleaner supply of energy. The EPA has previously estimated that the plan would create 120,000 jobs by 2020 but lead to 24,000 job loses as plants move away from fossil fuel energy sources. The Hill
Submitted 1 years 286 days ago

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Hydro-Gear To Expand Princeton Operations, Create 40 New Jobs
PRINCETON, Ky. ―– More jobs are coming to western Kentucky. Gov. Steve Beshear today announced that Hydro-Gear Limited Partnership is expanding its operations in Caldwell County. Hydro-Gear, a designer and manufacturer of precision drive systems, plans to add up to 40 new jobs and invest $2.6 million into the project.
Submitted 1 years 286 days ago

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Brundidge announces new company, 75 new jobs
BRUNDIDGE, AL—Chuck Caraway said he started the Southern Classic Food Group in Brundidge about 15 years ago with seven people. On Monday, he joined local and state officials to announce 75 additional jobs over three years with an expansion at Southern Classic – which now employs 200 workers – and the creation of Magnolia Vegetable Processors, a vegetable processing plant that is expected to be built near Southern Classic inside the North Industrial Park. Dothan eagle.com
Submitted 1 years 286 days ago

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200 new jobs coming with expansion to Nautique boat factory
Recreational boat maker Nautique said Tuesday it will add 200 jobs with an expansion to its Orlando headquarters and manufacturing facility. Orlando Sentinel
Submitted 1 years 286 days ago

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Exclusive: Conifer expands Frisco HQ; to add 660 new jobs
Frisco-based Conifer Health Solutions, a subsidiary of Dallas-based Tenet Healthcare Corp. (NYSE: THC), has significantly expanded its North Texas headquarters, with plans to add an estimated 660 employees to its corporate office. Dallas Business Journal
Submitted 1 years 286 days ago

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200 new jobs coming to Stephens County
STEPHENS COUNTY, Ga. —New jobs are coming to Georgia. Gov. Nathan Deal announced that NIFCO KTW, a German automotive supplier of high-quality injection molded components, will locate its U.S. operations in Toccoa, creating 200 jobs and investing $27 million within the first five years. Wyff4.com
Submitted 1 years 286 days ago

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Labor Department may extend overtime to more workers
As early as this week, the Labor Department will consider updating overtime laws. Currently, salaried workers are eligible for overtime only if they are paid less than $23,660 a year, or $455 a week. The new rules would bump that threshold to as much as $52,000. The new rules would affect workers with low salaries who now put in long hours with no overtime. Arindrajit Dube, associate professor of economics at the University of Massachusetts Amherst, points to the example of a shift supervisor at McDonald’s. Marketplace.org
Submitted 1 years 286 days ago

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BP CEO: Industry must live with lower oil prices
The oil industry should be prepared to live with lower oil prices, Bob Dudley, the chief executive of BP PLC, said Wednesday, suggesting oil prices won't return to levels above $100 a barrel any time soon. Crude oil prices have crashed over the past year amid a supply boom in North America and lackluster demand. Marketwatch.com
Submitted 1 years 286 days ago

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U.S. Ousts Russia as Top World Oil, Gas Producer in BP Data
The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields. Yahoo.com
Submitted 1 years 286 days ago

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Linde unveils $200 million investment in La Porte plant
Years after the fate of Linde Group’s La Porte plant seemed questionable amid skyrocketing natural gas prices, the German gases and engineering company Tuesday unveiled a $200 million expansion and revealed plans for more projects at the same site. It’s the latest sign of how the shale gale has reversed the fortunes for the region’s chemical companies and breathed new life into an industrial complex that hadn’t seen new investments in 15 to 20 years. After years of stagnation, East Harris County is roaring back to life, thanks to a swell of cheap shale gas that’s fueling a building spree along the chemical and refining corridor. Fuel Fix
Submitted 1 years 286 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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