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Exclusive: Garmin locates HQ expansion site — in its own backyard in K.C.
Garmin International Inc., one of the Kansas City area's top employers, didn't require GPS to find a place to expand. The firm, a leading global provider of navigation technology, appears poised to expand its 56-acre headquarters campus at the northwest corner of 151st Street and Ridgeview Road in Olathe. Garmin Ltd., which ranks 11th on the Kansas City Business Journal's list of top private-sector employers, boasts a local workforce of 3,416 full-time employees. Kansas City Business Journal
Submitted 1 years 326 days ago

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Birmingham is No. 1 on Zagat's list of America's Next Hot Food Cities
The national restaurant guide Zagat.com has ranked Birmingham No. 1 on its new list of America's Next Hot Food Cities. "Overshadowed for years by its neighbors Nashville and Atlanta, Birmingham has now come into its own as a premier culinary destination," Zagat editors said of the Birmingham restaurant scene. The other cities in the Top 10 are: 2. Oakland/Berkeley, Calif.; 3. Detroit, Mich.; 4. Asheville, N.C.; 5. Minneapolis/St. Paul, Minn.; 6. Nashville, Tenn.; 7 Louisville, Ky.; 8. Durham, N.C.' 9. Phoenix/Scottsdale, Ariz.; and 10. San Antonio, Texas. AL.com
Submitted 1 years 326 days ago

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Jacksonville Shipyards redevelopment could take up to 10 years
The Downtown Investment Authority board unanimously voted to commence negotiations with Khan’s Iguana Investments proposal for the redevelopment of the city-owned Shipyards property. But the unanimous vote didn't mean board members didn't have questions. During the meeting, several board members raised issues with Khan’s proposal concerning the financial and design aspects of the plans, and one suggested relocating Metropolitan Park further west, providing more room for the development. Jacksonville Business Journal
Submitted 1 years 326 days ago

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Record number of manufacturing jobs returning to America
Made in the U.S.A. is hot again, and the number of manufacturing jobs that are returning to the U.S. — or coming to the U.S. for the first time — from overseas has hit a record level. Sixty thousand manufacturing jobs were added in the U.S. in 2014, versus 12,000 in 2003, either through so-called reshoring, in which American companies bring jobs back to the U.S., or foreign direct investment, in which foreign companies move production to the U.S., according to a study from the Reshoring Initiative. In contrast, as many as 50,000 jobs were “offshored” last year, a decline from about 150,000 in 2003. Market watch.com
Submitted 1 years 326 days ago

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IBEX Global looking for 500 workers in San Antonio this month
IBEX Global expects to hire more than 500 additional people in San Antonio to deliver business process outsourcing services from its new contact center that opened here in December 2014, according to a news release. San Antonio Business Journal
Submitted 1 years 326 days ago

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San Antonio CVB task force chair: Future of city’s $13 billion tourism industry at stake
SeaWorld San Antonio President Dan Decker, chairman of Mayor Ivy Taylor's task force charged with recommending the fate of the city's Convention & Visitors Bureau, said Friday that the group could propose striking changes in the way the city markets its convention and tourism industry moving forward. San Antonio Business Journal
Submitted 1 years 326 days ago

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$32M in funding for Mayport and NAS Jax passes House, heads to Senate
The U.S. House's 2016 Military Construction and Veterans Affairs Appropriations Bill includes $32.5 million in infrastructure funding for Naval Station Mayport and Naval Air Station Jacksonville. Jacksonville Business Journal
Submitted 1 years 326 days ago

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Construction to begin next month on $30M Birmingham intermodal facility
Construction on a new downtown intermodal facility is expected to big next month. The new $30 million intermodal center will serve as a single station, bringing together Birmingham-Jefferson County Transit Authority's MAX buses, AMtrak and intercity bus system under one roof on Morris Avenue. Birmingham Business Journal
Submitted 1 years 326 days ago

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5 of Louisiana's 9 metro areas lost jobs over the year
Five out of Louisiana's nine metropolitan areas lost jobs over the year through March of 2015, however overall the state still saw a gain of 14,600 nonfarm positions. NOLA.com
Submitted 1 years 326 days ago

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Why lower gas prices haven't spurred the economy
Gas prices have been under $3 dollars in most of the U.S. for six months now. Which put a load of unspent money in drivers’ pockets, available to spend. But that spending economic stimulus has hardly shown up. Drivers who fill up can now leave gas stations with an extra $20 they didn't have to spend. Where does it go? “At least a good portion of that has always been spent,” says Dean Maki, economist at Point72 Asset Management. “Consumers aren’t so disciplined they’re unwilling to spend additional income that they get. Typically they do spend at least a significant portion of that additional income." Marketplace.org
Submitted 1 years 326 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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