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Perry, Cruz get warm receptions in South Carolina
A small throng of GOP presidential contenders descended upon South Carolina this weekend as some of the state's most involved Republican activists gathered in Columbia for their party's convention. White House hopefuls took the stage Saturday to give speeches that focused heavily on foreign policy -- a big issue for a state that has eight military installations. CNN
Submitted 1 years 323 days ago

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Governor McCrory Signs Bill to Support New Renewable Energy Projects
Governor Pat McCrory took action on Senate Bill 372 today, which extends the tax credit for renewable energy projects in the state. “I am pleased to sign Senate Bill 372 to bring new renewable energy projects online in North Carolina,” said Governor McCrory. “Renewable energy is an important part of an all-of-the-above energy policy that produces clean power, creates jobs and generates revenue in communities that need it most.” Realestaterama.com
Submitted 1 years 323 days ago

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Louisiana Spotlight: Gov. Bobby Jindal at odds with business after years as allies
Gov. Bobby Jindal spent the first seven years of his terms in office giving millions of dollars in tax breaks and subsidies to attract businesses to Louisiana, touting those efforts around the country as fueling job creation and an economic development boom. The Advocate
Submitted 1 years 323 days ago

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'Duck Dynasty' Keeps Tax Break as Jindal Cuts Louisiana Colleges
Louisiana Governor Bobby Jindal, a potential Republican presidential candidate, is trying to close a $1.6 billion budget hole without touching as much as $415,000 per episode in tax breaks that may be due to “Duck Dynasty.” The A&E television reality show takes part in the nation’s most generous entertainment-tax credit program. Jindal is proposing no changes, arguing that reducing such breaks is tantamount to raising taxes. The state approves enough incentives each year to make up at least $200 million in proposed cuts that led Louisiana State University to say that it may plan for insolvency. Newsmax.com
Submitted 1 years 323 days ago

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'Right to work' laws unfair, unnecessary in state
Over the last four months, there has unfortunately been a renewed effort to breathe life into a proposal that most economists declared dead long ago. Supporters call it "right to work"; the rest of us, with the facts on our side, call it "right to work for less." Those backing the concept claim it will cure everything but the common cold. Not embracing it, they say, has cost Kentucky countless jobs and limited worker choice. They're wrong on both counts. For those unsure of what "right to work" means, it allows new workers to avoid joining a union and paying dues while still being represented by the union. Imagine trying to join a civic club, a country club or even a Sam's Club without paying the membership fees, and you can better understand why this is not about choice; it's about ending unions and organized labor. Kentucky.com
Submitted 1 years 323 days ago

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More Than 1,200 Kentucky Coal Jobs Have Been Lost So Far This Year
Coal jobs in Kentucky declined sharply in the first quarter of this year, according to the state’s latest quarterly coal report. As of April 1, there were an estimated 10,356 people employed at Kentucky coal mines. That’s a decrease of 1,230 jobs—or 10.6 percent—from Jan. 1. And the job losses weren’t limited to Eastern Kentucky, where market conditions and power plant retirements have hit hardest. Western Kentucky coal mines shed 13.7 percent of coal jobs during the quarter, while the Eastern Kentucky coal workforce decreased by 8.7 percent. Wkms.org
Submitted 1 years 323 days ago

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Applaud McConnell for standing strong for coal, Kentucky jobs
With his letter to the nation's governors about the Environmental Protection Agency's proposed greenhouse gas regulations, Senate Majority Leader Mitch McConnell has succeeded in drawing criticism from the Obama administration, The New York Times editorial page, California Gov. Jerry Brown, anti-coal activists, and, with its April 14 editorial, the Herald-Leader. With these kind of critics, two facts are clear: McConnell is fulfilling his 2014 campaign promise of doing all he can to fight for Kentucky coal, and he is angering the right people: those completely out of step with the vast majority of Kentuckians. Kentucky.com
Submitted 1 years 323 days ago

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Production of HBO's "Bessie" generated $16M in Georgia
HBO Films' "Bessie," shot almost entirely in Georgia, pumped more than $16 million into the state's economy, HBO announced April 30. Atlanta Business Chronicle
Submitted 1 years 323 days ago

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Will a reptile win Georgia the $500M Volvo plant?
It is widely thought that Georgia and South Carolina are the two finalists for Volvo Car's first American assembly plant. Could a reptile give Georgia an edge in winning the $500 million development expected to bring up to 4,000 jobs? Atlanta Business Journal
Submitted 1 years 323 days ago

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Atlanta Has a Great Story to Tell
ATLANTA—Brian McGowan has only lived in Atlanta for four years, but he has become one of the region’s biggest fans. (Of course, as executive vice president and COO of the Metro Atlanta Chamber, he is paid to do just that.) McGowan enthusiastically painted a picture of the regions’ economic development prospects during his keynote remarks at RealShare Atlanta on April 30. “We have a great story to tell,” McGowan said. “I love selling Atlanta around the country.” Globest.com
Submitted 1 years 323 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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