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When oil spills, does anyone notice?
The explosions that rocked BP’s Deepwater Horizon offshore oil rig in the Gulf of Mexico set in motion a series of environmental events that captured the attention of the world for much of 2010. The news media’s coverage of the environmental harms caused by the disaster, however, was sporadic, as were reactions to it by the White House and environmental organizations. Unsurprisingly, the oil industry was relatively mute. Houston Chronicle
Submitted 1 years 342 days ago

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BP oil-spill money appears closer to fruition
New rules defining how to use money from a portion of the BP Deepwater Horizon oil-spill fines could revive grant efforts in the Florida Keys. The U.S. Treasury this week published in the Federal Register an interim final rule that sets more specifics that govern expenditures covering a third of RESTORE Act money. Keysnet.com
Submitted 1 years 342 days ago

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Texas sees surge in tax revenue from natural gas motor fuels
As more consumers embrace natural gas vehicles, Texas is seeing a surge in sales tax revenue, more than double what the state was expecting to collect by mid-year. The state raked in nearly $2.2 million in tax revenue from the sales of compressed natural gas and liquefied natural gas in the first half of 2014, according to the Texas comptroller. That’s more than twice the $992,000 state forecasters projected to get during the period. Fuel Fix
Submitted 1 years 342 days ago

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Total Quality Logistics Invests $1 Million To Expand Its Atlanta, Georgia, Operations Center
Total Quality Logistics, a leading freight brokerage company, will invest $1 million to create 75 new jobs in an Atlanta, Georgia, facility over the next three years. Area Development
Submitted 1 years 342 days ago

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McMinn County paper mill starts $105 million project
CALHOUN, Tenn. — McMinn County Mayor John Gentry says he essentially kept two budgets amid the last business downturn in case there was a problem with the county's biggest taxpayer, known for years as the Bowater plant. Chattanooga Times Free-Press
Submitted 1 years 342 days ago

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Search firm CEO weighs in on Middle Tennessee's biggest hiring challenge
As development continues to boom in Middle Tennessee, engineers and developers in the construction and infrastructure sector are finding a slimmer pool of talent, says Dan Ryan, principal at Ryan Search & Consulting. Nashville Business Journal
Submitted 1 years 342 days ago

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Arkansas jobs announcement planned
PINE BLUFF, Ark. (AP) - Gov. Mike Beebe is scheduled to join in a job creation announcement in Jefferson County. The governor is to join local and company leaders for the announcement Wednesday in Pine Bluff. wmcactionnews5.com
Submitted 1 years 342 days ago

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Alabama's movie incentives get second look
MOBILE, Ala. (AP) — Proof of Alabama's burgeoning movie industry can be found in the west end of Mobile at Mudbrick Media Studios. Tucked inside leafy Bruns Drive, the 40,000-square-foot production studio features a two-story sound stage and green screen room, an editing room, a space for wardrobe and prop design, and all the technical gadgets needed to make a movie. Tampa Tribune
Submitted 1 years 342 days ago

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Remington cuts 105 jobs before opening Huntsville plant
While Alabama may be getting many new jobs from Remington Arms Co., the gun manufacturer will be cutting jobs in another state. Birmingham Business Journal
Submitted 1 years 342 days ago

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Forecasters see rising Alabama economy
Alabama’s economy appeared relatively weak at mid-year, but there are indications it will gradually improve during the rest of the year, according to the latest quarterly update of the state’s 2014 economic forecast. Tuscaloosanews.com
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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