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How Business Size Factors in the Expansion or Re-location Process
“Small manufacturers are not little versions of major manufacturers,” says Michael P. Collins, president of MPC Management, a consulting company in Fairview, Ore., that focuses exclusively on the problems and challenges of small and mid-size manufacturers (SMM). Because different-sized companies vary greatly in their knowledge, resources, and needs, a single solution rarely fits all and any “suggested solutions and strategies must be tailored to the type of SMM,” says Collins. This also holds true for site selection requirements. Area Development
Submitted 2 years 19 days ago

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BofA: The American Energy Boom Is Creating A Sea Change For The US Dollar
BofA Merrill Lynch strategist David Woo is out with a report this week on the changing nature of the U.S. dollar's relationship with oil prices and what it means for the future of the American economy. The main conclusions of the piece are that a stronger dollar will help remove volatility from the business cycle in the U.S., make more people want to invest in U.S. assets, and further enhance U.S. economy's competitiveness vis-a-vis China and Europe. All of this is thanks to the American energy boom. Business Insider
Submitted 2 years 19 days ago

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'TIL THE LAST DROP: Corporate America Squeezing Workers From Every Direction
Thing One: Corporate America Squeezing Workers. Again: After squeezing its workers for years and making piles of cash doing it, Corporate America is hoping to squeeze something else out of its employees: Money. Investors are hoping that last week’s unemployment report -- which showed both a boost in jobs and wages -- is an indication that Americans will have more money to spend and therefore boost corporate profits, The New York Times reports. Of course, corporate profits have been getting a boost to record highs for the past few years, as the NYT notes, thanks partly to the Federal Reserve’s stimulus programs, which may only now be hitting ordinary Americans. The wages of those ordinary Americans, meanwhile, have been stagnant. Huffington Post
Submitted 2 years 19 days ago

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Haslam voices opposition to 22 proposed bills
NASHVILLE — Gov. Bill Haslam’s administration has officially voiced opposition to 22 bills pending in the Legislature, including measures revising the state’s motorcycle helmet law, allowing school faculty and staff to carry guns and increasing the penalty for motorists not wearing a seat belt. Knoxville News Sentinel
Submitted 2 years 19 days ago

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J.C. Penney plans to eliminate 2,200 more jobs as sales drop
J.C. Penney Co. is cutting an additional 2,200 jobs to trim costs as Chief Executive Officer Ron Johnson's revamp of the department-store chain causes sales to plunge. The positions to be eliminated include back-office administrators in stores and district offices as well as store leadership positions, Joey Thomas, a spokesman, said in an email Thursday. About 10 percent of J.C. Penney's 1,100 stores cut their headcounts because of sales volume shifts, he said. Daily Mail
Submitted 2 years 19 days ago

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High-tech industry to show off for W.Va. lawmakers
CHARLESTON, W.Va. -- Aspects of West Virginia's growing high-tech economy will be on full display at the Capitol in Charleston. Monday is Innovation & Entrepreneurship Day, hosted by Industries of the Future-West Virginia and TechConnect West Virginia. Daily Mailhttp://dailymail.com/News/statehouse/201303110035
Submitted 2 years 19 days ago

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Film incentives can mean big gains for Mississippi towns
GREENWOOD -- In 2009, a group of filmmakers descended on Greenwood, looking for potential locations for their adaptation of the bestselling novel "The Help." As they drove through the Mississippi town, they watched the homes and haunts of the book's characters spring up before them. Thanks to the determination of the filmmakers, the project was eventually filmed in the Delta town. But first, Mississippi had to beat out neighboring Louisiana for the business. That state has one of the country's most aggressive film incentive programs, an approach that's spawned a deep infrastructure of production crews, equipment suppliers, studios and actors. Sun Herald
Submitted 2 years 19 days ago

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A 'Texas solution' to Medicaid expansion possible
Some lawmakers in Austin are taking steps to create a "Texas solution" to Medicaid reform in an effort to access billions of federal dollars that would finance the program's expansion. Houston Business Journal
Submitted 2 years 19 days ago

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New Belgium Brewing Company Expands to the City of Asheville
The Economic Development Coalition (EDC) for Asheville and Buncombe County has struck big with popular Colorado beer leaders, New Belgium Brewing Company. The craft brewery plans to invest $175 million over the course of seven years to revitalize nearly 20 acres of former hub of commerce land into a state-of-the-art brewery on Craven Street. Heraldonline.com
Submitted 2 years 19 days ago

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Jackson State University stadium could derail downtown arena plans
Jackson State University’s recently announced plans to build a domed stadium to host its football and basketball teams as well as concerts and events could effectively kill an effort underway at least five years to build a downtown arena. Clarion Ledger
Submitted 2 years 19 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 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
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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