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Butterball considered three other states before picking North Carolina for $67M expansion
North Carolina recruiters weren't able to take it for granted that the Butterball turkey company would choose to expand into Hoke County when it had a chance to bid on turkey cook plant that had just shut down in December. Triangle Business Journal
Submitted 1 years 334 days ago

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Wal-Mart wage hike could pressure Target, other chains
As Wal-Mart Stores Inc. gives raises to a half-million employees, it may indirectly boost the pay of millions of other workers — the ones working for its rivals. Triangle Business Journal
Submitted 1 years 334 days ago

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The Meaning of Walmart's Wage Hike
Markets work. That’s the message from Walmart’s decision to raise its starting wage for 500,000 of its 1.3 million US employees to $10 per hour starting next year. That’s 37% above the statutory minimum of $7.25. No, the notably cost-conscious company, the largest private-sector employer in America, the world’s largest retailer, and a company that has prospered by making stuff available at prices that lower- and middle-income Americans can afford -- microwave ovens go for $44 -- didn’t suddenly turn wildly philanthropic. Or decide to bow to pressure from President Obama, who recently attacked office-supply company Staples for what he deemed indefensibly low wages in the face of its high profits, or from trade union organizers. Instead Walmart responded to pressure in two markets. Weekly Standard
Submitted 1 years 334 days ago

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Chevron to move jobs to Houston
While most energy companies are considering job cuts, Chevron Corp. (NYSE: CVX) plans to bring some jobs to Houston. Houston Business Journal
Submitted 1 years 334 days ago

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The fracking bust is deepening
The fracking bust that is following the phenomenal fracking boom is deepening relentlessly, week after week, and there is still no respite in sight. Drilling activity peaked in October last year, when 1,606 rigs were drilling for oil, with a four-month lag behind oil prices. But by October it was clear that the oil-price plunge wasn’t a blip, and in November oil fell off the chart. Business Insider
Submitted 1 years 334 days ago

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Texas manufacturing activity plunges in February
Manufacturing activity in Texas is plunging. According to Reuters, the Dallas Fed manufacturing index fell to -11.2 in February, down from -4.4 in January and well below the -4 reading that was expected. Business Insider
Submitted 1 years 334 days ago

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Optym Opens Corporate Headquarters In Gainesville, Florida
A global leader in creating planning and scheduling software solutions for the transportation and logistics industry, Optym opened its corporate headquarters in Gainesville, Florida. The expansion will create 100 new jobs and a capital investment of more than $4 million. Area Development
Submitted 1 years 334 days ago

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Leggett & Platt Adjustable Bed Group Adds Manufacturing Plant In Joplin, Missouri
Leggett & Platt Adjustable Bed Group will expand to a manufacturing facility at Crossroads Park in Joplin, Missouri. The company signed a lease for a 42,000 square-foot facility where it is expected to create at least 25 new jobs. This expansion includes a $100,000 capital investment. Area Development
Submitted 1 years 334 days ago

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Med-Enroll To Establish Headquarters-Processing Center in Florence, S.C.
A company that specializes in assisting businesses with the management of healthcare costs will invest $3.5 million to establish its company headquarters and a processing center in Florence, South Carolina. The company expects to create 153 new jobs. Area Development
Submitted 1 years 334 days ago

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National home warranty provider to hire 70 in South Florida
American Residential Warranty is set to open a new headquarter in Boca Raton this week. The national provider of consumer home warranties has 40 employees, and plans to create an estimated 70 jobs over the next several years. South Florida Business Journal
Submitted 1 years 334 days ago

 

 

 

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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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