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Not His Father’s Arkansas
I have been thinking for months about how politics has changed over the past decade, but those changes struck home in a very obvious way while I was reading a recent Washington Post article written by the very able Philip Rucker. “Senator’s parents hit trail to preserve Ark. dynasty” was a front page piece that noted the efforts of former governor and former senator David Pryor and his wife, Barbara, to help their son, Democratic Sen. Mark Pryor, win re-election next month. Rollcall.com
Submitted 1 years 344 days ago

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'Serious interest' from 'Amazon-size users' in CSX intermodal facility in Winter Haven
The first speculative warehouse at CSX Corp.'s Central Florida Intermodal Logistics Center in Winter Haven is expected to break ground within 30 days, adding to the buzz around the industrial development. Tampa Bay Business Journal
Submitted 1 years 344 days ago

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Three PILOTs could create 272 jobs, $28M in investments
Yesterday was a big day at the monthly meeting of the economic development arm of Memphis and Shelby County. The Economic Development Growth Engine for Memphis & Shelby County approved $2.2 million in tax breaks in exchange for commitments to create at least 272 jobs and capital investments of $28 million, as I reported here, here and here. Memphis Business Journal
Submitted 1 years 344 days ago

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Which city did Google name as Alabama's eCity?
In the second-annual Google eCity Awards, Pelham has been named Alabama's leading digitally-connected location. Birmingham Business Journal
Submitted 1 years 344 days ago

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Kentucky Bioprocessing in Owensboro, Kentucky, Producing Delivery Of Breakthrough Ebola Vaccine
A breakthrough therapy in the fight against the deadly Ebola virus is being produced by Kentucky Bioprocessing in Owensboro, Kentucky. Area Development
Submitted 1 years 344 days ago

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Knauf Insulation Doubles Expands Its Lanett, Alabama, Production Center
Knauf Insulation will double production at its manufacturing center in Lanett, Alabama, with plans to add as many as 100 new workers. The company will invest more than $30 million to revitalize and upgrade the plant’s equipment, boosting output of the energy efficient material. Area Development
Submitted 1 years 344 days ago

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Walmart To Establish $108 Million Fulfillment Center In Union City, Georgia
Walmart Stores, Inc., the world’s largest retailer, will locate to a new distribution facility in Union City, Georgia, creating more than 400 jobs and investing $108 million into the project over the next three years. Area Development
Submitted 1 years 344 days ago

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North Carolina’s Clean Energy Economy Growing
“Our Solar Means Business report shows a promising climate in North Carolina for increased solar energy investment,” said Ken Johnson, SEIA’s vice president of communications. “North Carolina currently ranks 4th in the nation in installed solar capacity – ahead of sun-rich states like Nevada and Hawaii – and there’s substantial momentum for new development, which will drive job creation and economic growth, while also helping to protect the environment.” prweb.com
Submitted 1 years 344 days ago

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Kentucky Ark park tax incentives in limbo over hiring
FRANKFORT, Ky. – Tax incentives for the Noah's Ark theme park in Northern Kentucky are in jeopardy over the state's concern about possible religious discrimination in hiring, records obtained by The Courier-Journal show. Courier-Journal
Submitted 1 years 344 days ago

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Memphis EDGE approves incentives to lure UK tux company
One of the largest tuxedo rental companies in the U.K. won approval Wednesday for a nearly $1.1 million incentive to open a large distribution operation in Memphis. Memphis Business Journal
Submitted 1 years 344 days ago

 

 

 

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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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