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Florida among states with most brewery openings in 2014
Florida welcomed the fifth most breweries across the U.S. in 2014, with 42 new beer makers setting up shop here last year. The Brewers Association named Florida among the top states for brewery openings at the Craft Brewers Conference in Portland, Oregon, BeerinFlorida.com reported Thursday. The total number of Florida breweries that make beer on-location is estimated at 139, according to the craft beer news site. South Florida Business Journal
Submitted 1 years 326 days ago

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Mystery company could bring huge office development, thousands of jobs to Tampa Bay
A mystery company is looking for sites in Tampa Bay that could accommodate half a million square feet of office space and potentially bring thousands of jobs to the region. Real estate sources, who asked not to be named because of the sensitivity of the deal, said an economic development consultant representing the company has been in touch with brokers and developers throughout Tampa Bay. The consultant has visited the region and has engaged with the Tampa-Hillsborough Economic Development Corp. Rick Homans, president and CEO of the EDC, declined comment Thursday. Tampa Bay Business Journal
Submitted 1 years 326 days ago

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Changes at ESPN's Charlotte hub could mean more jobs here
A shift in how some sports on TV are produced could mean more jobs for the ESPN hub in Charlotte that includes ESPNU and the SEC Network. This month, six Atlantic Coast Conference baseball and softball games airing on ESPN-owned channels, boosted by fast-moving connections linking the game sites to the media company’s Ballantyne offices, will have the production and announcing done in Charlotte. Charlotte Business Journal
Submitted 1 years 326 days ago

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With legislature on the sidelines, N.C. isn’t in the game for an automaker
Ask North Carolina legislators about the incentive package needed to draw an automaker to the state and you often hear something like this: “Well, if a deal is brought before us, I’d certainly strongly consider it.” That’s political talk for, “But we aren’t going to take the initiative ourselves to do anything proactive.” Which is as good as saying, “So, we ain’t getting an automaker. Tough.” Politics being what it is, no one holding public office wants to appear to be against jobs — especially when they are just hypothetical jobs. Oh sure, they are for them ... probably ... maybe ... you know, if a deal comes along and "makes sense." Charlotte Business Journal
Submitted 1 years 326 days ago

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Will distribution hurdles hurt Charlotte’s growing craft beer industry?
Distribution hurdles could hamper the Charlotte region’s growing craft beer industry. State regulations allow N.C. breweries to self-distribute up to 25,000 barrels per year — a threshold some of Charlotte’s largest brewers are on target to surpass. At that point, a brewery must sign with a distributor to handle product distribution, including marketing and sales. Charlotte Business Journal
Submitted 1 years 326 days ago

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What Birmingham's tech industry can learn from the ISCS expansion
Earlier this week, I reported that Silicon Valley-based software firm ISCS will be growing its presence in Birmingham by hiring 20 employees and expanding its office space in the next few months. Company officials have said the main reason for expanding was the city's accessibility to talent, something that's hard to come by in competitive areas like Silicon Valley, which is home to tech giants like Apple and Google. Doug Moore, chief technology officer at ISCS, said Silicon Valley is becoming saturated with tech companies and that competition for talent is “crazy.” Birmingham Business Journal
Submitted 1 years 326 days ago

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North Carolina doled out $60M in film credits in 2014
The state of North Carolina saw more than $240 million in direct spending from the film industry in 2014, according to new figures released by the Department of Revenue Thursday. That’s in exchange for $60.3 million in tax credits, and includes more than $134.3 million in wage expenses. That’s down from the $63.5 million productions received in 2013. The film credit program was replaced this year with a grant initiative that doles out a total of $10 million – all of which has been spoken for. Triangle Business Journal
Submitted 1 years 326 days ago

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$30M incentive for $1.3B GM Arlington plant expansion is one of region’s largest
A $30 million city incentive package offered to General Motors Co. for a proposed $1.3 billion plant expansion that would create almost 600 jobs in Arlington is one of the largest ever in North Texas, economic development and site selection officials say. “Clearly, it’s a sizable package,” said Kelly Rendzepris, principal and head of the incentive practice for Dallas-based Site Selection Group, which tracks incentive packages nationwide. Dallas Business Journal
Submitted 1 years 326 days ago

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Texas Senate passes bill to establish sales tax holiday for firearms
Add firearms and ammunition to the list of items the Texas Senate wants to include in a sales tax holiday, with the passage on Thursday of a bill sponsored by Sen. Brandon Creighton. While the House is soundly behind its proposal to provide a permanent sales tax cut, the Senate continues to tinker with sales tax holidays. Current sales tax holidays are designated for school supplies and appliances. This session, that could be extended to small business purchases on the Saturday after Black Friday and firearms and ammunition on a weekend in advance of hunting season. Dallas Business Journal
Submitted 1 years 326 days ago

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Ready to buy? Texas-based Exxon Mobil boasts why its the perfect M&A partner
Exxon Mobil Corp. continues to drop hints that it could be hunting for major assets and companies during the downturn in crude oil prices. Exxon’s size, scale and ability to ramp up quickly equals a “winning proposition” for resource owners, said Jeff Woodbury, vice president of investor relations. “We keep alert to where we’ll be able to get opportunities to build a portfolio with assets,” Woodbury said. “If those opportunities come along, then we’ll consider them.” Dallas Business Journal
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.
 


 

 

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