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The Birth of a Louisiana Super Region
New Orleans has the Super Dome. Louisiana's got a super economy. In fact, Louisiana has led all Southern states in our annual SB&D 100 ranking each of the last five years in the value of projects announced on a per capita basis. Even more, Louisiana has led all Southern states in total value of corporate and industrial investments straight up in two of the last five years. Southern Business & Development
Submitted 2 years 20 days ago

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Arkansas: A real approach to economic development
There is something missing from Dennis Cuneo's email (view PDF) to me the morning of February 27, 2007, at precisely 8:58 am that is displayed here on this page. Note the time. It was two minutes before Cuneo took the stage with then Mississippi Gov. Haley Barbour to announce that Toyota had selected a site near Tupelo, Miss., for an assembly plant over two other short-listed sites in Chattanooga and Marion, Ark. Southern Business & Development
Submitted 2 years 20 days ago

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First 50 employees move into Memphis Electrolux plant
The front doors of Memphis's gleaming new Electrolux plant open to a guard desk and six turnstiles. Push through them and into the wide central corridor, you'll see on the left a showroom where the high-end ovens and ranges will be proudly displayed. To the right is the sunlit employee cafeteria. Keep walking and you see, through the glass doors at the end of the corridor, glimpses of the far bigger space still under construction. That's where the cooking appliances will be assembled starting next year. Memphis Commercial-Appeal
Submitted 2 years 20 days ago

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Updated: Billion-dollar Kia bond agreement could boost jobs, suppliers
An agreement with Kia Motors Manufacturing Georgia to issue $1.6 billion in bonds for potentially growing its supplier base could secure West Point and Troup County millions and additional tax revenue for the school system. Troup County Commission Chairman Ricky Wolfe said that officials with the county, West Point, state, and Troup County and West Point development authorities have been negotiating a deal over the last six months with Kia. The agreement they reached, spelled out in a memorandum on understanding presented Tuesday to the County Commission, Troup County Development Authority, Troup County Board of Education and West Point City Council, was approved by each. LaGrange News
Submitted 2 years 20 days ago

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GM adding temporary workers at Kentucky Corvette plant
General Motors plans to hire temporary workers to help with the launch of the next generation of the Corvette. Bowling Green Assembly plant spokeswoman Andrea Hales said Tuesday the automaker will need around 150 temporary workers, though the automaker is still finalizing the number of extra workers needed. She said they'll work at the plant from four to 18 months. GM is retooling the Bowling Green plant ahead of work on the all-new 2014 model of the Corvette. Hales says the new crew of temporary workers will allow current full-time employees to take vacations and ensure the launch of the new Corvette goes smoothly. Louisville Courier-Journal
Submitted 2 years 20 days ago

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St. Louis region records best month for job growth in 12 years
The St. Louis region's job market continued to bounce back in October, notching its strongest one-month gain in more than a decade. The region added 9,100 jobs in the month, according to figures from the Bureau of Labor Statistics, with improvements across nearly every sector of the economy. The region has added 23,000 jobs since the start of the year, and October's payroll employment figure of 1.31 million is the highest since Feb. 2009. The jobless rate remained the same, at 7.4 percent seasonally adjusted, which is a half-point below the national average. St. Louis Post-Dispatch
Submitted 2 years 20 days ago

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Keystone pipeline construction under way south of Cushing, Okla.
TransCanada has begun working in Oklahoma on the southern segment of its Keystone XL pipeline. "It's kind of like a slow-moving train," project spokesman Jim Prescott said. "Once it gets going, it takes a while to get up to speed with all the crews that have to fall in, one behind the other." Prescott said crews are working along the pipeline route from south of Cushing to the Texas border. They are relocating utilities and clearing right of way before the pipe is buried. Tulsa World
Submitted 2 years 20 days ago

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Small Towns Get Boost From Oil, Gas as Wealth Shifts Away From Cities
The Great Recession hit small towns hard. Many saw factories close and jobs dry up. But according to a new analysis, small-town America is actually experiencing an economic revival thanks to an oil and gas boom. According to government data analyzed by USA Today, inflation-adjusted income has increased 3.8% per person between 2007 and 2011 for the roughly 50 million Americans who live in small cities, towns, and rural areas. Compare that to almost the same percentage drop (3.5%) in metropolitan areas, and a shift in wealth begins to emerge, one flowing from cities to rural regions. Time
Submitted 2 years 20 days ago

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Miss. casino revenue close to 15-year low
JACKSON — Mississippi casinos stumbled through their worst revenue month since September 1998 in October, with gamblers losing 8 percent less than in October 2011. Statewide casino revenue fell to $167.4 million, according to Mississippi Department of Revenue figures. If poor results continue, the state's gambling halls could collect less money in 2012 than in 2011, even though the prior year saw Mississippi River casinos closed for much of May because of flooding. The 17 river casinos from Tunica to Natchez won $83.9 million, down 11 percent from the $93.9 million they won in October 2011. The 12 coastal casinos won $83.5 million from gamblers, down 5 percent from the $88.2 million they won in October 2011. Clarion Ledger
Submitted 2 years 20 days ago

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Alamance, N.C. site draws interest of a big fish
GREENSBORO — Graham, Mebane and Alamance County want to be ready if a major company comes looking for a place to build. So, the cities and the county are working on a joint agreement to provide utilities to 1,400 acres between Graham and Mebane if a company needs the land. A big fish — a swordfish — is nosing around the site already, with a plan to build a warehouse and distribution operation on 150 acres of it. Some people say it’s Wal-Mart, maybe a distribution center. Local officials have heard that, but they are deflecting the question right now. Greensboro News-Record
Submitted 2 years 20 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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