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Lenovo to Set Up PC Plant in U.S.
Chinese computer-maker Lenovo Group Ltd. 0992.HK +0.93% will start manufacturing PCs in North Carolina next year. Company executives said the effort, starting with only a few million dollars and just over 100 workers, will be the beginning of something bigger, rather than a one-time made-in-America publicity effort. Wall Street Journal
Submitted 2 years 17 days ago

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That's The Randle Report for October 2, 2012
That's a wrap on The Randle Report for today. Feel free to use the sort buttons above or the search window to find your favorite stories from today, last week, last month or in the last year. If you are looking for more information on economic development in the South, click on the headline above to read Southern Business & Development magazine. If you want to keep up with the South's growing automotive industry, go to www.SouthernAutoCorridor.com. If you are looking for sports in the South, go to www.RandleSportsReport.com, or click on the "Sports" tab above.
Submitted 2 years 18 days ago

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Gulf Coast reaping benefits of Airbus-fueled economic development explosion
MOBILE, Alabama -- As what may be the world's fourth-largest aerospace corridor prepares for unprecedented growth, Mobile and Baldwin counties lie at the heart of an anticipated economic development explosion that could easily stretch 300 miles in radius. Spanning Interstate 10 from Panama City to New Orleans, the Gulf Coast aerospace corridor's direct employment outpaced the sector's national growth between 2005 and 2010, and Alabama's growth alone increased 20 percent during that period to more than 23,000 jobs. Mobile Press-Register
Submitted 2 years 18 days ago

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Tennessee: Security Firm Is Fired Over Break-In at Weapons Plant
The security contractor at the Y-12 nuclear weapons plant near Oak Ridge has been fired after three activists cut through fences this summer and vandalized a building that stored uranium. The contractor, WSI Oak Ridge, was criticized after the protesters, including an 82-year-old nun, broke into the plant in July. B&W Y-12, the managing contractor at the plant, will take over security for the next several weeks. The New York Times
Submitted 2 years 18 days ago

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Texas Fishing Contests Lure Competitors and Fraud
SOUTH PADRE ISLAND, Tex. — Late on a Saturday afternoon this summer, dozens of boats — Reel Madness, Miss Directed, Knot at Work — were rushing toward land as part of an annual women’s fishing tournament here. The trouble started when state game wardens noticed that the catch aboard the Nice Tails boat was not so nice. One game warden who watched the Nice Tails team transfer its fish from the boat to a blue cooler at a nearby ramp had a problem with two large spotted sea trout. The red discoloration on their tails, bellies and rear fins indicated that they were not caught during the weekend tournament, but caught days earlier and kept alive in a wire basket or some other device. On the South Texas Gulf Coast, such a move would be the equivalent of sneaking into a big-city marathon at the final mile to cross the finish line first. The investigation moved, like the patient sport itself, unswiftly. The New York Times
Submitted 2 years 18 days ago

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EADS’s Enders Reckons With Make-Or-Break Week for Merger
European Aeronautic, Defence & Space Co. Chief Executive Officer Tom Enders said he’s advanced to the crucial phase of a planned merger with BAE Systems Plc (BA/) as he seeks to win over governments and critical investors. With little more than a week to produce a formal merger document, Enders said the coming days will be conclusive in a process he called both “very fluid and very advanced.” The German CEO sought to rekindle support, saying a merger between Europe’s largest aviation company and the biggest defense contractor would make the two financially more resilient, give them new markets and benefits in the long term. Bloomberg
Submitted 2 years 18 days ago

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U.S. Office Vacancy Rate Falls to Almost Three-Year Low
U.S. office vacancies dropped to their lowest level in almost three years as demand from energy and technology companies combined with a dearth of construction to overshadow cuts by government employers, Reis Inc. (REIS) said. A total of 17.1 percent of the country’s office space sat empty as of Sept. 30, down from 17.4 percent a year earlier and 17.2 percent in the second quarter, the New York-based real estate research firm said today. Vacancies were the lowest since the fourth quarter of 2009, when the rate was 17 percent. Bloomberg
Submitted 2 years 18 days ago

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Progress Energy Florida Issues Statement Regarding Filing of Crystal River, Fla., Nuclear Plant Engineering Report
Below is a statement issued today by Alex Glenn, incoming president of Progress Energy Florida, a subsidiary of Duke Energy. Today, we provided to the Florida Public Service Commission the report from Zapata Inc., regarding its independent review of the potential repair plan for the Crystal River Nuclear Plant (CR3). As part of the ongoing evaluation of the pending decision to repair or retire the unit, and given the complexity of the issue, Duke Energy commissioned the independent technical review in March to further analyze the potential scope, risks, costs and schedule of the prospective repair. Independent evaluations such as this are common in the nuclear industry when addressing complex matters, particularly a first-of-a-kind engineering, construction and licensing project like the one contemplated at CR3. EnergyCentral.com
Submitted 2 years 18 days ago

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Johnny Cash Music Festival Happening Friday in Jonesboro
Tickets for the second Johnny Cash Music Festival, 7 p.m. Friday (Oct. 5) to Arkansas State University's Convocation Center, 217 Olympic Drive, Jonesboro, are on sale at ASU’s Central Box Office and online by clicking here. Headliners include Rosanne Cash, Willie Nelson, Dierks Bentley and The Civil Wars (Joy Williams and John Paul White). Tickets -- $37.50, $75 and $150, plus fees -- can also be purchased at johnnycashmusicfest.com or by calling (888) 278-3267 or (870) 972-2781. The inaugural festival (a sold-out event with more than 7,000 in attendance) was held Aug. 4, 2011, starting a fundraising drive to raise money for the restoration of Johnny Cash’s childhood home in Dyess, now underway. InArkansas.com
Submitted 2 years 18 days ago

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Small business hiring up in the South, but only slightly
Hiring among small businesses headquartered in the Southern U.S. is up 1.3 percent over the year -- the only region tracked by SurePayroll to see an increase, according to the group's August Small Business Scorecard. Nationwide, small business hiring is down 1.5 percent from August 2011, SurePayroll says. Conditions are especially difficult in the Western U.S., where hiring is down 5.1 percent. A subsidiary of Rochester, N.Y.-based Paychex, SurePayroll provides payroll services to small businesses across the country. CEO Michael Alter says the data coming from businesses in the south speaks for itself. al.com
Submitted 2 years 18 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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