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Here's why HCL chose Cary - and it wasn't the incentives
HCL could have made more money by bringing those 1,237 jobs to New York. New York offered $56.9 million in incentives. Arizona offered $5.6 million and Texas offered $9.8 million. With state and local incentives, HCL could earn up to $21.37 million in incentives to move here. The candid take of Gov. Pat McCrory, speaking after Indian-based IT firm HCL, a new Global Development Center in Cary, is that the decision comes down to “synergy.” Basically, the more companies that are clustered in North Carolina, the more companies will pay attention to our state as an expansion destination. Triangle Business Journal
Submitted 1 years 343 days ago

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HCL: Here's what the 1,237 jobs will entail in Cary
New jobs created at HCL's Global Development Center will be across the spectrum, say HCL execs. Triangle Business Journal
Submitted 1 years 343 days ago

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Durham's BioCryst has now received $20M to develop Ebola treatment
Durham’s BioCryst Pharmaceuticals, Inc. received another $20 million to continue development of a possible Ebola virus treatment. Triangle Business Journal
Submitted 1 years 343 days ago

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Texas seeking to become national leader in flu vaccine production
Texas soon will be better prepared to fight deadly strains of the flu once its $91 million Pandemic Influenza Vaccine Facility is fully operational in 2015. San Antonio Business Journal
Submitted 1 years 343 days ago

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V-Soft follows through on plan to expand headquarters, adding 25 jobs
V-Soft Consulting Group Inc. is following up on its plans to expand its headquarters in Louisville and add 25 jobs. Business First
Submitted 1 years 343 days ago

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Breaking News: Another New Zealand company brings U.S. HQ to Austin
A New Zealand software maker has opened a U.S. headquarters in Austin with plans to employ at least 80 workers within two years. Austin Business Journal
Submitted 1 years 343 days ago

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Richard Linklater seeks extras for fall film shoot in Austin
Richard Linklater, the acclaimed Austin director, is gearing up to shoot his next feature film in the city and is looking for extras for a shoot that is expected to take place later this fall. Austin Business Journal
Submitted 1 years 343 days ago

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GA Lawmakers hear challenges of driverless cars
Thorny legal and engineering issues lie ahead before self-driving cars can be let loose on Georgia highways, members of a legislative study committee heard during testimony Thursday. Atlanta Business Chronicle
Submitted 1 years 343 days ago

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Commissioner Moves To Restore Florida Film Industry Incentives
In a move to help foster economic development and job creation, the Miami-Dade Board of County Commissioners today adopted a resolution that urges the Florida Legislature to restore incentives for the film, television and entertainment industries. southdadenewsleader.com
Submitted 1 years 343 days ago

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Job hunting? UPS looks to hire over 550 OKC residents
UPS, the world’s largest courier company, said it’s looking to hire more than 550 people in the Oklahoma City area. kfor.com
Submitted 1 years 343 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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