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Will ADP jobs, manufacturing show spreading weakness?
Wednesday's ADP private sector payroll report and a key manufacturing survey may show the lingering impact of the harsh winter weather that snuffed out first-quarter growth. CNBC
Submitted 1 years 328 days ago

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Left- and right-brained economic development
I feel like I need to see a shrink. A work shrink, that is, one that can help me address some deep-seated issues and conflicts I’ve accumulated through my years working in economic development. My right brain tells me that we need to take holistic approaches to development; that it´s futile to build marketplaces if there are no roads that lead farmers to them, to give traders microloans if they don’t have basic commercial skills, or to invest in primary education if we cannot tend to the children’s health. My right brain is full of ideas, but knows that there are no miracle cures, no silver bullets. It prods me to try different things and not lose faith that things can get better. Development is a process not of putting individual balls in motion, but of balls colliding in complex, reinforcing ways. Brookings.edu
Submitted 1 years 328 days ago

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The High Cost of Religious Freedom Laws
Today 37 states and Washington, D.C., offer marriage licenses to same-sex couples. Is it a coincidence that scores of bills have erupted in state legislatures in the name of "religious liberty," from those who oppose same-sex marriage? Nope. CNBC
Submitted 1 years 328 days ago

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Swiss-Based Adecco Group North America Relocates Corporate Headquarters To Jacksonville, Florida
A leading provider of staffing and recruitment services, Swiss-based Adecco Group North America relocated its corporate headquarters from New York to Jacksonville, Florida. The project has created 185 jobs and a capital investment of $3.4 million. Adecco’s renovated facility will house positions across a number of departments, including marketing, finance, and real estate operations. Area Development
Submitted 1 years 328 days ago

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McCrory signs new gas tax legislation; rate set through 2017
Gov. Pat McCrory has signed North Carolina's new gas tax into law, setting rates through 2017. Starting Wednesday, the tax dropped to 36 cents per gallon from 37.5 cents per gallon. It will drop another penny to 35 cents per gallon by Jan. 1, and then to 34 cents per gallon by July 1, 2016. Charlotte Business Journal
Submitted 1 years 328 days ago

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Bentley: Tax hike won't hurt business recruitment to Alabama
A key bill in Gov. Robert Bentley's incentives reform package passed the senate on Tuesday, moving Alabama away from its debt-based incentive system toward a pay-as-you-go program. Birmingham Business Journal
Submitted 1 years 328 days ago

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Raising the bar: NC must invest in Main Street businesses to promote community economic development
The past few years have brought a major shift in how the state of North Carolina approaches economic development. Legislation passed in 2014 eliminated the state’s seven economic development partnerships, and replaced them with eight Partnership for Prosperity Zones. These zones were placed under the umbrella of a new public-private partnership to manage North Carolina’s economic development efforts. Ncpolicywatch.org
Submitted 1 years 328 days ago

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Development firm could bring golf entertainment complex to southwest Charlotte
American Asset Corp. is looking to develop 19 acres it owns in southwest Charlotte at West Arrowood Road and Interstate 485, potentially for a 75,000-square-foot golf entertainment complex. Charlotte Business Journal
Submitted 1 years 328 days ago

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Mobinteg putting North American HQ in Atlanta Tech Village
Lisbon, Portugal-based mobile integration and app platform company Mobinteg will put its U.S. and North American headquarters at Atlanta Tech Village. Atlanta Journal Constitution
Submitted 1 years 328 days ago

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North Carolina Religious Freedom-Bill on Hold
RALEIGH, N.C.—House Speaker Tim Moore, a Republican, said a recently proposed “religious freedom” bill in North Carolina is on hold while sponsors research whether it would have unintended consequences. Wall Street Journal
Submitted 1 years 328 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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