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Braves’ stadium builder encourages small businesses to get involved in project
A representative from the firm building the Atlanta Braves' SunTrust Park in Cobb County says area small businesses can become involved in the project. Atlanta Business Chonicle
Submitted 1 years 333 days ago

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Raybern Foods Invests More Than $10 Million In Tupelo, Mississippi, Production Facility
Raybern Foods, a food manufacturer specializing in heat and serve sandwiches, will invest more than $10 million to locate its manufacturing operations center to the former Sara Lee building in Tupelo, Mississippi. The project will create approximately 200 jobs in Lee County. Area Development
Submitted 1 years 333 days ago

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Southern Living recognizes Kentucky businesses
Southern Living’s list of “50 People Who Are Changing the South in 2015” includes a pair of entries from Kentucky. To create the list the magazine said it surveyed the region to find the movers-and-shakers who are shaping the South with community-minded ideas and projects. Kentuckians recognized are: Lane Report
Submitted 1 years 333 days ago

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Plummeting oil prices have imperiled Rick Perry's 2016 ambitions
he Republican Party is gearing up for 2016. Former Florida Gov. Jeb Bush has all but officially declared his candidacy for president, and former Govs. Mike Huckabee (Ark.) and George Pataki (N.Y.) are waiting in the wings alongside Sens. Rand Paul (Ky.) and Ted Cruz (Texas). Then there's Texas Gov. Rick Perry, days away from vacating the governor's mansion after 14 years, giving him plenty of time to complete the groundwork for his own expected second run for the GOP nomination. The Week
Submitted 1 years 333 days ago

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One Year After West Virginia Chemical Spill, Study Finds Problems With Health Response
As the one-year anniversary of the chemical spill that polluted the drinking water of 300,000 West Virginians approaches, a new study has identified oversights in the state government and Centers for Disease Control’s response to the disaster. The study, published in the journal Environmental Science and Technology, looked at the health problems reported by residents immediately after the spill and found that the CDC didn’t consider the impacts exposure to the fumes of Crude MCHM — the coal-related chemical that spilled into West Virginia’s Elk River from a Freedom Industries chemical storage site on January 9 — could have on residents whose water was affected. The federal government said at the time that there wasn’t enough information on the chemical to draft an inhalation standard, and the Environmental Protection Agency didn’t create one until October. Think Progress
Submitted 1 years 333 days ago

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Topgolf slated to create 450 jobs in Virginia Beach
Virginia Beach will serve as the first Hampton Roads lo­­­cation for Dallas-based Topgolf International Inc. The golf entertainment company plans to open a 65,000-square-foot facility off Greenwich Road that’s slated to create 450 jobs. It also says it will invest almost $30 million in the city during the next three years. Virginiabusiness.com
Submitted 1 years 333 days ago

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Amid War on Coal, Virginia falls from leader to laggard
RICHMOND, Va. — After years of outpacing the nation in economic growth, Virginia is sputtering. Employment is lagging, real estate is flat and the Obama administration’s War on Coal isn’t helping. An economic forecast released Monday shows southwest Virginia’s coal country remains below the 2011 employment peak, with Lynchburg continuing to lose jobs. Bristol has recovered about half its lost jobs and Roanoke has regained just 38 percent, according to the latest statistics. Watchdog.org
Submitted 1 years 333 days ago

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Abramoff’s Advice for Virginia’s New Jailhouse Guv
Whatever you do, don’t work for the warden. Bob Ney should know. The disgraced former congressman spent 17 months in prison for corruption due to his involvement in the Jack Abramoff lobbying scandal. Abramoff himself spent four years behind bars. He says former Virginia Gov. Bob McDonnell needs to be honest and accept responsibility—even for things that might not have reached the level of illegality. Daily Beast
Submitted 1 years 333 days ago

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Oklahoma oil billionaire Harold Hamm wrote a $975 million divorce check to his ex-wife. She rejected it.
It’s unclear what is more depressing about this situation: Writing a $975 million divorce check or having to turn it down. Oil baron Harold Hamm, the billionaire CEO of Continental Resources and now the subject of a public case study in how not to get divorced if you are filthy rich, hand-wrote the massive check to his ex-wife, Sue Ann Arnall, in their ongoing divorce saga. Washington Post
Submitted 1 years 333 days ago

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Mercedes-Benz USA Seeks Bonds for New Georgia Home: Muni Credit
Mercedes-Benz USA is applying to borrow $93 million through a sale of municipal debt to build its new Atlanta-area headquarters, part of a package of incentives the carmaker may get for leaving New Jersey. Bloomberg
Submitted 1 years 333 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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