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Economic data points to stronger start to third quarter growth
WASHINGTON (Reuters) – Wholesale inventories in July rose by the most in five months, beating forecasts in a sign economic growth started the third quarter on stronger footing than expected. A separate report on Wednesday showed import prices rose in August as the cost of imported oil jumped, a factor that could weigh on American consumers and temporarily boost inflation.
Submitted 2 years 8 days ago

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117,000 Americans Get Jobless and Disability Benefits
Roughly 117,000 Americans double-dipped by cashing unemployment and Social Security disability checks during the height of the jobs crisis, costing taxpayers a combined $856 million in fiscal 2010 according to a government watchdog agency. The additional strain on the system will make the SSDI trust fund insolvent in four short years. With most eyes fixed on the election battle between President Obama and Republican Mitt Romney, it was easy to miss the alarming report by the Government Accountability Office that was initially released this summer. The Fiscal Times
Submitted 2 years 8 days ago

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Gary Johnson on ballot in 47 states
The Libertarian Party reports that Gary Johnson will be on the ballot in at least 47 states, plus the District of Columbia. The party is involved in litigation to get him on the ballot in the three remaining states, Oklahoma, Pennsylvania and Michigan, where a judge ruled last week that Johnson could not appear on the ballot because he also ran as a Republican in the state’s February presidential primary. Johnson is already on the ballot in two more states than the 1988 Libertarian nominee, Bob Barr. Politico
Submitted 2 years 8 days ago

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GOP leaders on Todd Akin: 'We’re done'
Texas Sen. John Cornyn doesn’t want to talk about Missouri Senate candidate Todd Akin. “We’re done,” Cornyn, chairman of the powerful National Republican Senatorial Committee, responded when asked whether the committee would reverse course and spend money to help Akin if he stays in the race. Politico
Submitted 2 years 8 days ago

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My onshore obsession with 'Made in the USA'


Submitted 2 years 8 days ago

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Beshear on economic development trip to India
Kentucky Gov. Steve Beshear arrived in India today on a seven-day economic development trip. This marks Beshear’s third visit to the country, Business First reports. He is being accompanied by Larry Hayes, secretary of the Kentucky Cabinet for Economic Development. Already this year, Beshear has made economic trips to Taiwan, Japan, Germany and France.
Submitted 2 years 8 days ago

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Most metros have fewer jobs than 5 years ago
Four-fifths of the nation's major metropolitan areas have not yet climbed back to their pre-recession employment levels. A total of 102 markets have populations of more than 500,000. Eighty-one of those metros contain fewer private-sector jobs now than they did five years ago, while the other 21 have managed to surpass their 2007 figures. (The recession officially began in December 2007.) Business First
Submitted 2 years 8 days ago

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Heading South, but Stopping Short of Florida
SCOTT WOODCOCK knew he wanted to move someplace warmer when he retired from his job as an Amtrak engineer based in Philadelphia. He thought he had a good plan: each year in the five remaining before his retirement, he and his wife, Cinde, would drive down Interstate 95, stopping at one place or another, until they made it to Florida, where his parents had retired. “I figured we would end up in Florida, but in any case, we would have vacations down the coast,” Mr. Woodcock said. In the summer of 2007, they decided to visit a friend for some golf in North Myrtle Beach, S.C. “And we just loved it. We never made it any further. The New York Times
Submitted 2 years 8 days ago

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In race for Central Florida growth, Orlando will pass Tampa Bay
Won't be too long before Tampa Bay's longtime little brother, Orlando, becomes the bigger sibling of the Central Florida economy. Long-term economic forecasts say the "gross metro product" — a metropolitan region's GNP — of Orlando should catch and surpass that of Tampa Bay in about 16 years or about 2029. What is Orlando doing that Tampa Bay is not? Both regions want to grow and upgrade their economies. What will push Orlando ahead of Tampa Bay? Location, location, location. Tampa Bay Tribune
Submitted 2 years 8 days ago

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Xcelience set to double staff as new plant opens
Xcelience LLC expects to hire its 100th worker, as it prepares to open a new facility in Tampa. The company, which contracts with pharmaceutical firms to formulate and analyze drugs in development, will open the 24,000-square-foot plant at 4901 Grace St., south of Tampa International Airport, on Sept. 14. It’s the company’s second facility in the Tampa Bay area, and will enable the company to double headcount over the next three years, a statement said. Tampa Bay Business Journal
Submitted 2 years 8 days ago

 

 

 

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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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