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Hyundai named the fastest growing auto brand
Hyundai Motor Company has been named the fastest growing automotive brand by international brand consultancy Interbrand, enjoying a 24.4% surge in its brand value to NZ$9.17 billion (US$7.5 billion). Interbrand’s 2012 Best 100 Global Brands report shows Hyundai ranked No. 53 out of 100 brands this year, a steady increase from the No. 84 position in 2005 and the company’s highest ranking ever. "Hyundai’s recent investment in global campaigns and sensational new product designs are fulfilling customers’ emotional needs," Interbrand said in a statement. "Brand awareness for Hyundai has increased phenomenally in a short period of time and we are looking forward to the brand’s future direction." Voxy
Submitted 2 years 15 days ago

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'Tremendous' response to Tallassee auto supplier Hanil USA job announcement
An official described “tremendous” early response Monday to an announcement advertising the jobs created by a $3 million expansion to auto supplier Hanil USA’s facility in Tallassee, Ala. Hanil USA announced in July that it would add 60 jobs as part of a 35,000-square-feet addition to its Tallassee Corporate Park facility, which provides brake, fuel and power steering tubes for vehicles made at Hyundai Motor Manufacturing Alabama in Montgomery. Montgomery Advertiser
Submitted 2 years 15 days ago

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Business incubator making progress
MILLEDGEVILLE, GA. — The City of Milledgeville will continue to discuss and plan with local officials next week regarding the process of transforming the former Shaw Industries Group Inc. facility into a thriving business incubator. According to www.georgia.org, business incubators help companies commercialize their ideas into marketable products and services. There are 25 business incubators across the state, including incubators serving as startups for bioscience companies with laboratory space and equipment, medical device and medical software startup companies, manufacturing-focused companies, agriculture-focused companies, and incubators targeting economic development. The Union Recorder
Submitted 2 years 15 days ago

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Local firm given incentive to keep creating jobs
ENID, Okla. — An Enid manufacturer has been awarded a state incentive package worth as much as $1.49 million to create and sustain 100 jobs. Pelagic Tank LLC, a company opened in Enid this year to manufacture tanks for the oil and gas industry, was awarded the Quality Jobs Program incentive this week by Oklahoma Department of Commerce. The Quality Jobs Program gives eligible companies, predominantly in the manufacturing sector, rebates worth up to five percent of their state payroll taxes for up to 10 years. Enid News
Submitted 2 years 15 days ago

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The god of irony
High atop a hill in Birmingham, Ala., stands a statue of Vulcan. With a spear raised in his right hand, the Roman god of fire and the forge makes an imposing figure — one that remains the tallest cast iron statue in the world. In 2001, however, he was less a symbol of the Alabama steel industry than of questionable government spending. Over a two-year period, $3.5 million in federal funds were spent overhauling the titan — to the point that fiscal hawk John McCain issued a tongue-in-cheek demand: “Not one more federal dollar to promote tributes to pagans!” Boston Globe
Submitted 2 years 15 days ago

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Concern over BP money: Officials worried funds won't go to Gulf Coast
WASHINGTON — Gulf Coast lawmakers spent nearly two years laboring to pass legislation that would make sure their states received most of the fine money BP will pay for the 2010 oil spill. Now they fear their constituents might be shortchanged. Although the law, which President Barack Obama signed in July, specifies that 80 percent of the BP fine money will go to Gulf Coast communities ravaged by the 2010 spill, under a settlement the Obama administration reportedly is negotiating with BP, the fines could be levied through a program that falls outside the RESTORE Act. Montgomery Advertiser
Submitted 2 years 15 days ago

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Texas No. 1 for retail job creation
Six states have added more than 10,000 retail jobs during the past year, with Texas leading the pack. The Lone Star State added 24,500 retail jobs between August 2011 and August 2012, according to an analysis of the latest seasonally adjusted figures from the U.S. Bureau of Labor Statistics by The Business Journals' On Numbers. In total, the nation added 87,000 new jobs in stores and mail-order businesses during the 12-month period. California was second in the country, adding 21,400 jobs. The nation has recovered just over 25 percent of the 1.07 million retail jobs that disappeared during the recession. Austin Business Journal
Submitted 2 years 15 days ago

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Bank of America ranked as biggest banking company in U.S.
Bank of America Corp. in No. 1 among all U.S. banks in terms of deposits with $1.13 trillion, but Wells Fargo & Co. is gaining ground. The Charlotte Business Journal, citing new figures from the Federal Deposit Insurance Corp., reported that Charlotte-based Bank of America (NYSE: BAC) had $1.13 trillion in deposits, up 5.9 percent from 2011. Bank of America also is the largest banking company in the Dallas-Fort Worth area with $52.7 billion in local deposits and 159 branches in the DFW market, according to the most recent Dallas Business Journal research. Dallas Business Journal
Submitted 2 years 15 days ago

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NC making broad range of payments to create jobs
Publicly funded agencies in North Carolina are paying widely divergent amounts of money in incentives to create or save jobs, the Triangle Business Journal reports. It notes allocations of as little as $1,000 per job to as much as $130,000 per job. According to the TBJ, the payments show putting a biotech employee to work in a lab in Research Triangle Park or at a university is 100 times more expensive than keeping a tire-manufacturing employee on the line in Fayetteville. Charlotte Business Journal
Submitted 2 years 15 days ago

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Deere-Hitachi to invest $97M, hire 340 in NC
Deere-Hitachi Construction Machinery Corp. announced Friday it will invest $97 million and hire 340 as it expands its home base in Kernersville, N.C., near Winston-Salem. The move will boost the size of the company’s facility in Kernersville to 120 acres, with more than 1.1 million square feet of industrial space, and its work force to more than 1,000, The Business Journal of the Triad reports. Deere-Hitachi is a joint venture between Deere & Co. and Hitachi Construction Machinery Charlotte Business Journal
Submitted 2 years 15 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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