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Dolly Parton plans new resort, coaster in 10-year, $300M expansion
PIGEON FORGE — Country music legend and Sevier County native Dolly Parton announced Wednesday a commitment to invest $300 million over the next 10 years in her hometown, where she plans to expand her Dollywood properties. Knoxville News Sentinel
Submitted 2 years 10 days ago

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Cruz: Americans Could Get "Addicted" to Obamacare
KINGWOOD, Texas — U.S. Sen. Ted Cruz has come home to Texas to promote his long-shot bid to defund "Obamacare," warning Tea Party activists Monday that they have only a few months to stop the health care reform law before people get “addicted” to it. Texas Tribune
Submitted 2 years 10 days ago

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Texas Governor's Office: We're Not Negotiating on Obamacare
Gov. Rick Perry’s office is disputing reports that the state is negotiating with the federal government to draw down $100 million in additional financing under a rule created by the Affordable Care Act. Texas Tribune
Submitted 2 years 10 days ago

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Survey: Georgia nicest, Alabama ugliest
The nicest state in the U.S.? Despite the muscular middle fingers you may have seen in Atlanta traffic this morning, it’s Georgia. Actually, we share that title with Minnesota,which, last I checked, had to cheat to win their last World Series. Atlanta Journal Constitution
Submitted 2 years 10 days ago

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Ad guru urges people to buy American-made to save jobs
The made-in-America movement gained an unlikely best friend bound to give it buzz. Alex Bogusky, the ad agency legend who just 10 months ago chastised Coca-Cola with a polar bear-mocking video that went viral, is at it again — this time creating a video that urges folks to buy American-made stuff. Montgomery Advertiser
Submitted 2 years 10 days ago

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Updated University of Alabama policy bans guns everywhere on campus, even at games; violators face ban
TUSCALOOSA, Alabama -- Guns are still banned from the University of Alabama campus, according to the updated policy on dangerous weapons the Capstone released this week. AL.com
Submitted 2 years 10 days ago

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Tornadoes in decline for second straight year across nation, Alabama (photos)
HUNTSVILLE, Alabama - The data may be complicated but the result is clear. For the second year in a row, the nation is on track to be well below the average for tornadoes, according to information compiled by Greg Carbin, a meteorologist for the Storm Prediction Center in Norman, Okla. AL.com
Submitted 2 years 10 days ago

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That's The Randle Report for Tuesday, August 20th, 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. Click on the headline to access Southern Business & Development magazine.
Submitted 2 years 11 days ago

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Missouri state board OK's Express Scripts subsidy package
A Missouri state board on Tuesday gave its blessing to $6.8 million in tax incentives for Express Scripts’ planned expansion in north St. Louis County, part of a package of state and local subsidies that could eventually top $40 million for the prescription drug giant. After brief discussion and a unanimous vote, the Missouri Development Finance Board approved Build Missouri Bonds to help finance a $43 million office building for Express Scripts at NorthPark, a giant business park east of Lambert-St. Louis International Airport. The company plans to house about 1,000 employees. STLtoday.com
Submitted 2 years 11 days ago

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Silcotech North America Inc. establishing new facility in York County, Sc.
COLUMBIA – Silcotech North America Inc., a manufacturer of silicone components, announced on Tuesday plans to locate its new facility in York County. The $3.5 million investment is expected to generate 50 new jobs. “We are excited about locating our new facility in York County. South Carolina has the right mix of business-friendly climate, skilled workforce and market access we were looking for in establishing a new facility. We appreciate all the support we’ve received from state and local officials,” said Michael Maloney, president of Silcotech North America Inc. Thetandd.com
Submitted 2 years 11 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 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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