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Busy Season for Bioenergy in South
You may not have noticed, but interesting things have been happening in Washington with regards to bioenergy. In fact, it’s been quite a busy few months of new project and policy developments. cleanenergy.org
Submitted 2 years 19 days ago

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LaunchTN chief Charlie Brock has a vision of spreading entrepreneurship
On Tuesday, Chattanooga investor and entrepreneur Charlie Brock was announced as the new CEO of the statewide initiative to boost startup activity, Launch Tennessee. The initiative, which was created last year, is a public-private partnership between the state and a nonprofit, the Tennessee Technology Development Corp. The Tennessean
Submitted 2 years 19 days ago

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Williamson cedes economic development task to new Chamber
FRANKLIN — When Matt Largen leaves the county Office of Economic Development next month to lead the new Chamber of Commerce, he’ll take his coworkers and his budget with him, according to a proposed contract. The Tennessean
Submitted 2 years 19 days ago

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Sen. Lamar Alexander proposes 'grand swap' on Medicaid costs
U.S. Sen. Lamar Alexander proposed shifting the burden of Medicaid entirely onto the shoulders of the federal government in a speech Wednesday to Tennessee lawmakers. The Tennessean
Submitted 2 years 19 days ago

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Airbus firms up 10-plane, $1 billion Middle East Airlines deal
Fuel efficiency continues to drive Airbus orders with Middle East Airlines-Air Liban signing a “firm” contract Wednesday for 10 A320neo family aircraft with a total list price of $1.05 billion. al.com
Submitted 2 years 19 days ago

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Birmingham meets federal air quality standards for first time in 30 years
The air in Birmingham just got a lot cleaner. For the first time in 30 years, the U.S. Environmental Protection Agency reports that Birmingham will be classed as “in attainment” of the six primary air quality standards measured by federal officials. al.com
Submitted 2 years 19 days ago

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That's The Randle Report for Wednesday, January 9, 2013
Join us again tomorrow morning for all of the American South's business, economic development and political news in real time and in one place. Use the sort buttons or the search window above to find your favorite stories from yesterday, last week, last month or last year. Also, click on the Sports tab above for all of the South's sports news in real time. Click on the headline to access Southern Business & Development magazine.
Submitted 2 years 20 days ago

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Nashville’s Latest Big Hit Could Be the City Itself
NASHVILLE — Portland knows the feeling. Austin had it once, too. So did Dallas. Even Las Vegas enjoyed a brief moment as the nation’s “it” city. Now, it’s Nashville’s turn. Here in a city once embarrassed by its Grand Ole Opry roots, a place that sat on the sidelines while its Southern sisters boomed economically, it is hard to find a resident who does not break into the goofy grin of the newly popular when the subject of Nashville’s status comes up. Mayor Karl Dean, a Democrat in his second term, is the head cheerleader. “It’s good to be Nashville right now,” he said during a recent tour of his favorite civic sites, the biggest of which is a publicly financed gamble: a new $623 million downtown convention center complex that is the one of the most expensive public projects in Tennessee history. The New York Times
Submitted 2 years 20 days ago

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Why Wall Street loves the Crimson Tide
There's no doubt that the University of Alabama's victory in the BCS championship game is good business for the state - look no further than the line to purchase commemorative t-shirts at your neighborhood sporting goods store. But is it also good for the U.S. economy? Yes, according to Wall Street trading history. In the 14 previous years when Alabama reigned as national champion, the Dow Jones Industrial Average gained an average 1.95 percent, according to the New York-based Bespoke Investment Group. al.com
Submitted 2 years 20 days ago

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Fracking Pushes U.S. Oil Production to Highest Level in 20 Years
U.S. oil production exceeded 7 million barrels a day for the first time since March 1993 as improved drilling techniques boosted exploration across the country and reinforced a shift toward energy independence. The Energy Department reported today that weekly average output rose to 7.002 million barrels a day in the week ended Jan. 4, a 1.16 million-barrel increase from the same week last year. The country met 83 percent of its energy needs in the first nine months of 2012, on pace to be the highest annual rate since 1991, department data show. Production grew by the fastest pace in U.S. history last year as horizontal drilling and hydraulic fracturing, or fracking, unlocked crude trapped in formations such as North Dakota’s Bakken shale. The state boosted production 40 percent last year through October, Energy Department data show. Texas was up 23 percent, and Utah rose 11 percent. Bloomberg
Submitted 2 years 20 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 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
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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