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Alabama Senate OKs economic incentives bill
The Alabama Senate on Tuesday approved a new piece of legislation that will change the way the state provides incentives to prospective companies. The Alabama Jobs Act will create a new pay-as-you-go system for companies that receive tax abatements. Birmingham Business Journal
Submitted 1 years 328 days ago

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John Portman's 1980s Atlanta architecture a huge draw for movie makers
Georgia's tax breaks for the movie industry are certainly attracting filmmakers, but some of the credit must go to architect John Portman. Atlanta Business Chronicle
Submitted 1 years 328 days ago

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Bobby Jindal builds an Iowa team
Republican Bobby Jindal is putting together an Iowa team, digging in for a possible presidential bid even as other GOP stars sail past him in the polls. Jindal, a Christian conservative, is one of the last Republican 2016 contenders to hire strategists. Desmoinesregister.com
Submitted 1 years 328 days ago

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RICK PERRY RESPONDS TO CONGRESSIONAL HEARINGS ON DRUG OVERPRESCRIPTIONS AT VA HOSPITAL
Former Texas Governor Rick Perry is criticizing the Veterans Administration, a day after a Congressional hearing regarding the over-prescription of opiates to veterans at a VA Hospital in Tomah, Wisconsin. The Senate Homeland Security Committee and House Veterans’ Affairs Committee both held hearings in Tomah on Monday, concerned that allegations of patients being prescribed excessive overdoses of opiates to treat their chronic pain could be taking place at other VA facilities, NPR reports. Breitbart.com
Submitted 1 years 328 days ago

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Walmart joins opponents of Ark. religion bill
LITTLE ROCK, Ark. — Local and state leaders and organizations urged Arkansas Gov. Asa Hutchinson to veto House Bill 1228 — the "Religious Freedom Restoration Act" — and raised concerns about what the measure could mean for the future of business in the Natural State. USA Today
Submitted 1 years 328 days ago

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Defying Criticism, Arkansas Legislature Passes Bill on Religious Freedom
LITTLE ROCK, Ark. — Despite intensifying criticism from business leaders both within and outside of Arkansas, the state legislature on Tuesday passed its version of a measure billed as a religious freedom law, joining Indiana in a swirl of controversy that shows little sign of calming. New York Times
Submitted 1 years 328 days ago

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Despite uproar in Indiana, Arkansas presses on
WASHINGTON — A "religious freedom" measure similar to Indiana's is close to becoming law in Arkansas, despite the national uproar and economic boycott Indiana faces as Gov. Mike Pence scrambles to change his state's law. USA Today
Submitted 1 years 328 days ago

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Big Business Is Leading The Charge On Gay Rights Now
If Indiana's so-called "religious freedom" law goes down, you can thank Corporate America for killing it. Big Business' outsized criticism of the state’s coyly named Religious Freedom Restoration Act has galvanized fierce opposition to the law. Huffington Post
Submitted 1 years 328 days ago

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The Hidden Effects of Cheap Oil
What do Russia, Exxon Mobil, and ISIS have in common? Not much, except that they’re all grappling with an inconvenient but incontrovertible truth: a sudden, significant, and prolonged shift in the price of oil changes the world. The Atlantic
Submitted 1 years 328 days ago

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Cheap oil prices chop jobs by thousands
Planned oil industry layoffs in the U.S. are approaching 100,000 in the past four months with more likely to come. USA Today
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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