Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
-1
Likes

Florida legislators push bills tied to their private jobs
TALLAHASSEE -- During the recently concluded legislative session, Senate President Andy Gardiner constantly warned about the threat to state hospitals if they were to lose more than $1 billion in federal funding. There's a good reason Gardiner understands hospitals: He works for one. Bradenton.com/
Submitted 1 years 323 days ago

0
Likes

In Florida job growth, Tampa Bay lags among larger metros
Where is job growth hottest in Florida? At 5.2 percent, the Naples area boasted the highest annual percentage of increases between March of this year and last. But the larger Orlando area added more than 50,000 jobs at a highly respectable 4.6 percent clip in the same period. That growth rate put Orlando second nationally only to San Jose, Calif., for metro areas with populations of 1 million or more. Tampa Bay Times
Submitted 1 years 323 days ago

-8
Likes

Gunmaker Colt fails to brings jobs; Florida taxpayers will have to pay
Osceola County, Fla. — In 2011, Gov. Rick Scott offered gunmaker Colt Manufacturing more than $1 million in incentives to open a plant at a county-owned building in Kissimmee. The agreement stipulated the Connecticut-based company would establish a factory and bring 63 high-wage jobs to the economically-depressed area. Wpxi.com
Submitted 1 years 323 days ago

0
Likes

Where the Minimum-Wage Fight Is Being Won
Last Thursday, congressional Democrats unveiled their latest demand for an increase in the national minimum wage: $12 an hour by 2020, an increase of nearly 68 percent from its current $7.25. Their proposal isn't likely to get enacted anytime soon. Yet the real story in the minimum-wage fight is just how much of an afterthought the federal government has become. The Atlantic
Submitted 1 years 323 days ago

0
Likes

The other man from Hope
Bill Clinton used Hope. Now it’s Mike Huckabee’s turn. Huckabee is expected to say he’s running for president again on Tuesday morning in his Arkansas hometown — Hope — not quite 23 years after Clinton said at the 1992 Democratic National Convention in New York, first at the end of a 14-minute video titled “A Man from Hope,” then at the end of a 53-minute speech, “I still believe in a place called Hope.” Politico
Submitted 1 years 323 days ago

0
Likes

Meet the money behind the effort to keep Alabama in the liquor retail business
"If you thought this Bill was not going anywhere; that it would die or get killed like it always has, you need to think again!" Bob Leavell is concerned that a measure to close Alabama's state-run liquor stores might gain traction. The former Alcoholic Beverage Control Board (ABC) Administrator under Governors Folsom and James now happens to lease property to the state to facilitate its retail liquor operations. He'd like for things to continue uninterrupted. After all, the State of Alabama is a heck of a reliable tenant. Property owners who lease to the state have a good gig...one worth protecting. AL.com
Submitted 1 years 323 days ago

-6
Likes

Taxes AND gambling? Alabama's budget mess is nothing to crow about
Wake up and smell the rooster breath. Nobody likes taxes, and gambling is equally repulsive to many Alabamians. But both these birds are crowing in our ears this morning. AL.com
Submitted 1 years 323 days ago

0
Likes

SHOOTOUT AT TEXAS MUHAMMAD SHOWCASE
Two men have been shot dead after opening fire outside of an exhibit of caricatures of the Prophet Mohammad in Garland, Texas, according to reports from WFAA and NBC 5 in Dallas-Fort Worth. Huffington Post
Submitted 1 years 323 days ago

5
Likes

That's The Randle Report for April 30, 2015
Join us again Monday morning for all of the American South's business, economic development and political news in real time and in one place. Use the sort buttons or the search window above to find your favorite stories from yesterday, last week, last month or last year. Click on the headline to access Southern Business & Development magazine
Submitted 1 years 326 days ago

45
Likes

$10,000 Derby Seats Net Churchill Downs $83 Million in 2 Minutes
Saturday’s Kentucky Derby already has one guaranteed winner: The company that hosts the storied race will earn about $83 million for a spectacle that lasts a little more than two minutes. Churchill Downs Inc. has seven casinos and tracks in the U.S., as well as its namesake property in Louisville. Yet the Run for the Roses will produce 30 percent of annual earnings, according to Cameron McKnight, a Wells Fargo Securities analyst. He estimates the race will generate record earnings this year, rising by $5 million, or 6 percent. To keep profit climbing and entertain the 165,000 or so on hand for racing’s biggest day, Churchill Downs has poured $180 million into the track since 2001. Three years ago, the company opened the Mansion, an area with its own entrance, chefs and 322 seats that average $10,000 each on Derby day. Other additions include a jumbo screen for grandstand fans and 20 finish-line boxes for horse owners. Bloomberg
Submitted 1 years 326 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.
 


 

 

http://Mississippi.org/automotive
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2017 Randle Report
All of the South's Business and Political News in One Place
Login