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McAuliffe invites Indiana firms to ‘open and welcoming’ Virginia
RICHMOND — Virginia Gov. Terry McAuliffe is putting out the welcome mat for Indiana business leaders who might be troubled by that state’s new “religious freedom” law, which opponents say in effect legalizes anti-gay discrimination. Washington Post
Submitted 1 years 328 days ago

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Alabama set record by exporting automobiles to 99 countries in 2014
VANCE, Ala. — According to data from the Alabama Department of Commerce, as reported by AL.com, the state made almost a million automobiles in 2014, exporting to 99 countries, a new record. A total of $6.6 billion worth of vehicles built by Mercedes, Hyundai, and Honda in the state were sent to other countries, mainly Canada ($2 billion) and China ($1.8 billion). Yellowhammernews.com
Submitted 1 years 328 days ago

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50 Reasons We Love the South Now
Some may call it bragging. We call it counting our blessings Our region's charms are well documented, but there's something to be said for taking stock of the people, places, and things that make us proud. Garden and Gun
Submitted 1 years 328 days ago

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200 new jobs coming to East Tennessee
Hicks Plastics is opening a new manufacturing facility in Knoxville with plans to invest $10.4 million and create 202 new jobs. The auto supplier produces lighting components, specializing in molded and vacuum metalized lighting components. Chattanooga Times Free-Press
Submitted 1 years 328 days ago

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Can he bridge N.C. incentive divide?
John Skvarla says the keys to attracting an auto-assembly factory to North Carolina are having megasites available and having the right incentives lined up. Charlotte Business Journal
Submitted 1 years 328 days ago

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Mercedes-Benz: Why North Carolina couldn’t set the hook for the big HQ project
The N.C. Department of Commerce on Tuesday released a 45-page file detailing notes from state economic-development recruiters’ failed efforts in January to woo the headquarters of auto manufacturer Mercedes-Benz USA. Charlotte Business Journal
Submitted 1 years 328 days ago

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SalesLoft raises $10M in venture capital, will add 50 jobs
Software startup SalesLoft has raised $10.15 million in a Series A round led by Emergence Capital, a Silicon Valley venture firm that was an early investor in Salesforce.com. Atlanta Business Chronicle
Submitted 1 years 328 days ago

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Tennessee Governor's Medicaid Expansion Plan Fails Again
Republican Gov. Bill Haslam's proposed Insure Tennessee plan flopped for a second time Tuesday in a Senate committee and that's thrown the House effort into confusion with two top supporters disagreeing over whether to try to move it today in a subcommittee there. Governing.com
Submitted 1 years 328 days ago

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Republican hopefuls attack Obamacare but take money
Several Republican governors likely to run for president have secured hundreds millions of dollars under Obamacare while working to dismantle the healthcare law, according to a Reuters review of federal spending records. Governors Scott Walker of Wisconsin, Chris Christie of New Jersey, Bobby Jindal of Louisiana and former Texas Governor Rick Perry, all staunch opponents of President Barack Obama's 2010 Affordable Care Act, have collectively applied for and won at least $352 million through grant programs set up by the law, federal records show. Reuters
Submitted 1 years 328 days ago

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Cities with the most technology jobs
The U.S. GDP of $16.3 trillion in 2014 was the highest in the world, due in large part to the strength of U.S. industries. While the U.S. economy is among the world’s strongest, other countries continue to invest more in education, technology, innovation and industries that invigorate economies. Marketwatch.com
Submitted 1 years 328 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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