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Redstone Arsenal accounts for 6 percent of Alabama's GDP, says new study
HUNTSVILLE, Alabama -- No one would be shocked to learn that the Army, NASA and other federal agencies on Redstone Arsenal lie at the heart of the area economy. But even Mike Ward, vice president for Government Affairs at the Huntsville-Madison County Chamber of Commerce, was surprised by the numbers in a new study of the arsenal's impact. Among the findings: Redstone Arsenal's annual economic activity in the region is valued at $11.47 billion and approximately 101,000 jobs. In Madison, Limestone, Lawrence and Morgan Counties alone it accounts for $10.57 billion and 90,500 jobs - approximately 6 percent of Alabama's total 2010 Gross Domestic Product. Huntsville Times
Submitted 1 years 337 days ago

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Alabama beach businesses gear up for Hangout Music Fest crowd
GULF SHORES, Alabama -- Ronnie Penton is hosting a three-day live music and food fest at his new restaurant, Rhythm & Ribs on East Second Street, a block from the Intracoastal Waterway, at the same time as The Hangout Music Festival May 18-20. "Why not?" asked the Louisiana native who expects about 150 or more at his smaller festival. "It's logical. The Hangout fest is promoted coast to coast." Local bars and restaurants have stocked up on the three B's -- booze, beer and big shrimp -- for the 35,000 outdoor music fans that will hit the streets and the beach for three days this weekend. Mobile Press-Register
Submitted 1 years 337 days ago

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Governor urges Oklahoma lawmakers to cut state's personal income tax rate
Now is not the time for the Republican-controlled Legislature to wilt in coming up with a significant cut in Oklahoma's personal income tax rate, Gov. Mary Fallin said Thursday. “Our members in the House and Senate — those who have gone out for years and talked about reducing our income taxes — need to not only talk the talk but walk the walk,” Fallin said. “This is the year. “We've talked about the need to eliminate our exemptions, our carve outs, our loopholes in the tax code. We know we have revenue growth. We know we're making government smaller and smarter so we're saving taxpayer money. I think there is room to have a tax cut. I'd like to see a significant tax cut that is meaningful to our state.” Daily Oklahoman
Submitted 1 years 337 days ago

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Some Alabama farmers planting fewer crops, citing immigration crackdown
ONEONTA, Ala. — (AP) Some Alabama farmers said they are planting less produce rather than risk having tomatoes and other crops rot in the fields a second straight year because of labor shortages linked to the state’s crackdown on illegal immigration. Keith Dickie said he and other growers in the heart of Alabama’s tomato country didn’t have any choice but to reduce acreage amid fears there won’t be enough workers to pick the delicate fruit. Some farmers lacked enough hands to harvest crops because immigrants fled the state after Gov. Robert Bentley signed the immigration law last fall, and some told The Associated Press they fear the same thing could happen this year. Montgomery Advertiser
Submitted 1 years 337 days ago

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Mississippi Gov. Phil Bryant pleased with 'business-friendly session'
Gov. Phil Bryant says he is happy with the most recent legislative session, which wrapped up last week. "It was the most business- friendly session in modern history," he said Thursday during a visit to Hattiesburg for the College of Business groundbreaking at the University of Southern Mississippi. Bryant made his comments during a media briefing with local reporters after the groundbreaking. The governor pointed to several business-related bills. Among those is Senate Bill 2398, the Small Business Regulatory Flexibility Act, which sets up a volunteer committee of small business owners to review state regulations to see if they are harmful to small businesses. Hattiesburg American
Submitted 1 years 337 days ago

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Louisiana is the world's prison capital
Louisiana is the world's prison capital. The state imprisons more of its people, per head, than any of its U.S. counterparts. First among Americans means first in the world. Louisiana's incarceration rate is nearly triple Iran's, seven times China's and 10 times Germany's. The hidden engine behind the state's well-oiled prison machine is cold, hard cash. A majority of Louisiana inmates are housed in for-profit facilities, which must be supplied with a constant influx of human beings or a $182 million industry will go bankrupt. Several homegrown private prison companies command a slice of the market. But in a uniquely Louisiana twist, most prison entrepreneurs are rural sheriffs, who hold tremendous sway in remote parishes like Madison, Avoyelles, East Carroll and Concordia. A good portion of Louisiana law enforcement is financed with dollars legally skimmed off the top of prison operations. Times- Picayune
Submitted 1 years 337 days ago

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Louisiana House puts budget cuts in Bobby Jindal administration's hands
The day-long Louisiana House impasse over the state budget broke Friday after a group of 51 representatives ordered Gov. Bobby Jindal's administration to come up with $267.7 million in cuts from select sources to strip one-time money from the state spending plan. The $25 billion spending package now puts a total of about $300 million in unspecified cuts in the hands of administration officials, who said the representatives were largely calling for cuts in areas where there was no more fat to trim. The bulk of the reductions will likely fall on higher education and health care, which have already taken hard hits from midyear cuts and other reductions but also represent the largest areas of discretionary spending, the Division of Administration said. Times-Picayune
Submitted 1 years 337 days ago

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Another attack on immigrants in the name of fighting voter fraud in Florida
Attention Nora Arce, Hugo Cohen, Lorna Clarke, Cheryes Jerome, Carmen Rodriguez, Keith Seymour, Paul Tien and Byron Vassell. If you’re a U.S. citizen and aren’t dead or moved out of state, you are among thousands of registered voters the state claims as “verified non U.S. citizens.” You should be receiving or already have received a letter from your local supervisor of elections asking you for proof that you’re an American. Some people have tossed out the letter thinking it’s junk mail. Oh dear. If you get the letter, you have 30 days to show local elections supervisors your citizenship papers before you are denied your right to vote. So don’t procrastinate. Miami Herald
Submitted 1 years 337 days ago

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MacNamara out as Fla. Gov. Rick Scott's chief-of-staff, Hollingsworth in
Rick Scott’s chief-of-staff, Steve MacNamara, resigned Saturday after a brief meeting with the governor, concluding that ”media attention” focused on him had begun to “interfere with the day-to-day operations of this office.” MacNamara will leave July 1. Scott announced the veteran capital insider will be replaced by Adam Hollingsworth, who leads the right-of-way division for Flagler Development Group. Hollingsworth is a former chief-of-staff to ex-Mayor John Peyton of Jacksonville. He left the mayor’s office to work for the Florida Republican Party in advance of Scott’s election, and also served on the incoming governor’s transition team. Palm Beach Post
Submitted 1 years 337 days ago

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Spark in Sales of Cars and Trucks Drives U.S. Economy
Car sales that are running at the fastest pace in four years are poised to reverberate through the world’s largest economy as a spillover into production, profits and jobs for Americans may be starting. Auto purchases have exceeded a 14 million annual rate in each month this year, the strongest performance since early 2008, according to Ward’s Automotive Group. Government data show motor- vehicle output contributed half of the first quarter’s 2.2 percent economic growth. Bloomberg
Submitted 1 years 337 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Reshoring manufacturing capacity from primarily Asia to the South and Mexico is now a common thing to do and it's all about money. When China joined the World Trade Organization in 2001, the average manufacturing wage in China's Pearl River Delta (PRD) was about 58 cents an hour.

 Randle Report - Business News in the South

 FEATURE  
By Dr. Glen Fenter
Desperation sometimes masks itself in acceptance. Such was the case for Takelia Carter of Marion, Ark. For Carter, the mother of six school-age children in a low paying job, desperation was normative existence. This was her life in Crittenden County, Ark., deep in the Delta where unfortunately one in four families lives well below the poverty level.
 

 Business News in the South - Randle Report

FEATURE     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 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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