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TN agency has more than $200M in hospital projects under review
The Tennessee Health Services and Development Agency has more than $200 million worth of proposed Nashville hospital renovations under consideration. Nashville Business Journal
Submitted 1 years 342 days ago

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FedEx net income surges 24%, signals turnaround
FedEx Corp. today reaffirmed an ambitious profit goal for the fiscal 2015 year after blowing past its quarterly earnings estimates. Memphis Business Journal
Submitted 1 years 342 days ago

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Houston a top 'Baby Boomtown,' Forbes says
Houston ranked the No. 8 on Forbes’ “Baby Boomtowns: The U.S. Cities Attracting the Most Families.” According to Forbes, birth rates may be following the trend of job growth and the revival of the housing market in their rise. The list uses data showing the number of children ages 5 to 14 from 2000 to 2013 to analyze which cities have the strongest growth of families. Houston Business Journal
Submitted 1 years 342 days ago

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Chiquita hints at concessions needed to get Fyffes deal approved
Charlotte-based Chiquita Brands International said Tuesday that it’s examining limited concessions as it works to get approval from European regulators for its merger with an Irish produce company. Chiquita and Dublin-based Fyffes said in a statement that they’re trying to get approval from the European Commission by Oct. 3, when shareholders are set to vote on the proposed all-stock combination of the two companies. But Brazilian orange juice-maker Cutrale and banking conglomerate Safra Group are trying to break up the Chiquita-Fyffes deal and acquire Chiquita themselves for $611 million cash. Charlotte Observer
Submitted 1 years 342 days ago

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Relay Foods Expands Its Richmond, Virginia, Fulfillment Center
Relay Foods will expand its Richmond, Virginia, fulfillment center to accommodate increased local demand for its products and to support the company’s entry into new markets, including those beyond Virginia. Area Development
Submitted 1 years 342 days ago

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Polymer Group Completes Expansion Of Its Old Hickory, Tennessee, Manufacturing Center
A global, technology-driven developer, producer and marketer of specialty materials, and the world's leading producer of nonwovens, Polymer Group, Inc. recently completed expansion of its Old Hickory, Tennessee, manufacturing facility. Area Development
Submitted 1 years 342 days ago

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Goya Foods Establishes Distribution Center In McDonough, Georgia
Goya Foods, America's largest Hispanic-owned food company, established its new state-of-the-art distribution center at 4005 Haworth Parkway in McDonough, Georgia. The facility spans over 150,000 square feet, with room for future expansion of an additional 50,000 square feet. Area Development
Submitted 1 years 342 days ago

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Chaparral Boats Expands Its Nashville, Georgia, Manufacturing Hub
Chaparral Boats will expand its existing facility in Nashville, Georgia, creating 50 new jobs in Berrien County. Area Development
Submitted 1 years 342 days ago

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OpenTable Says These Are The Best US Restaurants For Foodies
Foodies always seem to know where to find a great meal. OpenTable has just announced its top 100 restaurants that are Fit For Foodies, which is based on more than 5 million restaurant reviews submitted by OpenTable diners for more than 19,000 restaurants in all 50 states and the District of Columbia. Business Insider
Submitted 1 years 342 days ago

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You Just Got A Big Raise, America!
We just got fresh data on inflation. And in a surprise to economists, prices actually fell 0.2% in August. The decline was driven largely by falling energy prices, which you can see in this table in the box that's highlighted. Business Insider
Submitted 1 years 342 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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