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Harris Teeter considers $4M expansion of Union County site
Harris Teeter is considering investing $4 million and adding 50 jobs to expand a distribution center in Union County. To entice the grocery store chain, the county on Thursday said it will hold a public hearing to consider providing up to $66,000 in economic development incentives over a five-year period. County commissioners have set the hearing date for Sept. 3. Charlotte Observer
Submitted 2 years 10 days ago

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Citigroup lays off 150 in Fort Mill
Citigroup said Thursday it is laying off 150 workers at its Fort Mill, S.C., operation, underscoring the ongoing flux in the U.S. mortgage industry. The nation’s third-largest lender by assets employs 900 at the site just off Interstate 77. The layoffs represent 17 percent of the workforce at the operation. Charlotte Observer
Submitted 2 years 10 days ago

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Hit in the Gut by the Internet Sales Tax
The Internet sales tax is hitting consumers like me in the gut – literally. As someone interested in keeping my weight down (who isn’t), I order a supply of low-calorie pre-packaged meals from a food-and-lifestyle website – and have it delivered each month without so much as a keystroke if there’s no change to my existing order. The Fiscal Times
Submitted 2 years 10 days ago

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In South Carolina, Doctors Write Parks Prescriptions to Combat Obesity
Soon, when an overweight South Carolina resident goes to the doctor, he or she might get more than some pills to lower blood pressure and a lecture on healthier eating. The patient might get a prescription for some much-needed exercise. Governing.com
Submitted 2 years 10 days ago

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Alabama congressional candidates: No gay marriage, no pledge
MOBILE, Ala. - Four of the nine Republicans running in the special election for Alabama’s 1st Congressional District responded to a challenge by GOP candidate Dean Young by saying they oppose gay marriage. AL.com
Submitted 2 years 10 days ago

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The Fastest-Growing Jobs of the Next Decade
Are you a student on your way to campus, unsure of what to choose as a major? Are you looking for a better job? Well, you're hardly alone. With over 7% of the American workforce unemployed, you're bound to have competition wherever you look -- but with the right planning, you might be able to hitch your wagon to one of America's hottest jobs. Let's take a look at where the jobs will be by 2020, according to the U.S. Bureau of Labor Statistics' employment projections: Motley
Submitted 2 years 10 days ago

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Oklahoma Sees Hope in its Wind, Wings and Thunder
There's an image crisis in Oklahoma, and economic development officials in the state are working hard to solve it. It's not that Oklahoma has a negative image. The problem, says Oklahoma Secretary of Commerce Dave Lopez, is the state doesn't have much of an image at all. Industryweek
Submitted 2 years 10 days ago

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Cap on TVA purchases brings solar eclipse to industry
KNOXVILLE -- Since the year 2000, the number of solar power installations in the Tennessee Valley has grown from only three to nearly 1,700. Chattanooga Times Free-Press
Submitted 2 years 10 days ago

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Demographic Shifts May Help Virginia Democrats
WASHINGTON — For 36 years, elections for governor of Virginia have unfailingly followed this pattern: whichever political party holds the White House loses. New York Times
Submitted 2 years 10 days ago

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Cuccinelli Tosses McDonnell Under Bus in New Ad
RICHMOND, Va. — Republican gubernatorial nominee Ken Cuccinelli is airing a new TV ad that seeks to untangle his campaign from a scandal that has mired Gov. Bob McDonnell in criminal investigations involving a nutritional supplements company and its top executive. CBS News
Submitted 2 years 10 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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