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LSU plans to lay off 1,495 hospital employees
LSU plans to lay off 1,495 employees and reduce inpatient services at its seven hospitals across south Louisiana, leaving shells of facilities in such areas as Baton Rouge and Lafayette. The LSU Board of Supervisors approved the revamped budget cut plan Thursday as it responded to Jindal administration budget cuts emanating from a reduction in federal Medicaid funding support. The revised version cuts $151 million from hospital budgets — $35.9 million in state funds — making deeper cuts than those authorized by the LSU Board in August. The new approach heavily relies on getting private hospitals to take care of the poor and uninsured in the communities impacted. Those agreements have not been finalized. The Advocate
Submitted 2 years 19 days ago

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It’s a cautious time for business, BB&T chairman tells Miami chamber
Businesses are being cautious about buying new equipment or hiring, as the economic recovery languishes amid an environment of political uncertainty. Meanwhile, if European monetary woes lead to a Eurozone collapse, it could drag the United States into a renewed recession — a worst-case scenario that has a 20 percent probability. In the best case, Europe will “keep muddling along,” stabilizing over the next 10 years, yet still slightly negatively affecting the U.S. economy in the short term. Such were the musings of Kelly King, chairman and chief executive of BB&T, who offered his economic take Wednesday as guest speaker at the Greater Miami Chamber of Commerce trustee luncheon. Miami Herald
Submitted 2 years 19 days ago

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Kentucky Gov. Steve Beshear Proclaims Oct. 5 Manufacturing Day
FRANKFORT Ky. (Oct. 5, 2012) – Governor Steve Beshear proclaimed today as Manufacturing Day in Kentucky. The National Association of Manufacturers, the Manufacturing Institute, Kentucky Association of Manufacturers and the Foundation for Kentucky Industry have designated the day as a launch point to emphasize the many values of manufacturing. “Manufacturing is a wonderful career path for highly skilled workers within a crucial sector of our economy,” said Gov. Beshear. “I would encourage any young person to consider this field for a solid, long-term career choice with a promising future.” The manufacturing community is a key economic driver in the Commonwealth, representing $27 billion, or 17 percent, of Kentucky’s GDP, with more than 215,000 people working in manufacturing in Kentucky. Kentucky Cabinet for Economic Development
Submitted 2 years 19 days ago

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Southern Company CEO calls Kemper plant a 'home run'
Southern Company President and CEO Tom Fanning told the crowd gathered for Gov. Phil Bryant's energy summit that Mississippi Power's coal gasification plant under construction in Kemper County is a "home run." Fanning, who heads up Mississippi Power's parent company, acknowledges the plant has a high cost to build, approaching $2.9 billion, but he believes the project will be relatively cheap to operation, and the company intends to capture about as much carbon as a natural gas plant would. The carbon could be sold. The plant will use abundant lignite coal found there in the ground in Kemper County. "This is home run, not only for the state of Mississippi, but for America, for the world," Fanning said. Energybiz.com
Submitted 2 years 19 days ago

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Bob Corker ponders changes at TVA
U.S. Sen. Bob Corker says that because the Tennessee Valley Authority is a "blip on the radar screen" for President Barack Obama or any president, he fears most days in Washington that "the federal government is going to destroy TVA" through benign neglect. "Just because, again, it not being important," the Tennessee Republican told reporters Wednesday following a speech to Nashville's Chamber of Commerce. Corker also said he is looking at alternative governance structures for the federal utility, which was created in 1933 to serve parts of seven states, including Tennessee. Energybiz.com
Submitted 2 years 19 days ago

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Gov. Mary Fallin says Oklahoma has made strong effort to improve energy efficiency
Gov. Mary Fallin said here Wednesday that a concerted effort to increase energy efficiency in state government helped Oklahoma raise its score enough in an annual ranking to be named one of the most improved. Speaking at a news conference hosted by the American Council for an Energy-Efficient Economy, the governor said she had been given the organization's previous report and wasn't happy with the ranking. "One area that our state had fallen behind (in) was energy efficiency and energy conservation," she said. "And when I became governor a year ago, I was given a copy of ACEEE's report and I saw where we were ranked 47th in the nation. And I said, 'Wait, we're too good a state to be ranked 47th in the nation and we're going to improve that.'" Energybiz.com
Submitted 2 years 19 days ago

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New RTP to reflect how people work today
DURHAM -- Research Triangle Foundation CEO Bob Geolas gave city and county leaders the big-picture plan for Research Triangle Park on Wednesday, with the details yet to be determined. The plan calls for making the 53-year-old research park over in 21st-century style, with dense development around mass-transit stations, including stores, restaurants and homes alongside offices and laboratories. “We want to make sure we keep the park at a position where we can adapt and change to all the growing industry and research demands that we may see,” Geolas told Durham’s Joint City-County Planning Committee. Raleigh News & Observer
Submitted 2 years 19 days ago

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Boeing to deliver its first S.C.-built 787 today
Delivery day is finally here, Charleston. After a summer of delays and uncertainty, the first Boeing 787 Dreamliner built in South Carolina will be signed over to Air India this morning and will fly away Saturday afternoon, the plane maker announced Thursday. The culmination of more than a year of “firsts” since the North Charleston final-assembly building opened last June, the milestone will be marked with a signing ceremony inside the campus delivery center, followed by a ribbon-cutting beside the red, white and gold jet outside. Post and Courier
Submitted 2 years 19 days ago

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Amazon's Chesterfield Co., Va., site now shipping
Online retailer Amazon.com said Thursday that its fulfillment center in Chesterfield County shipped its first package late Wednesday. The shipment, a pair of over-prescription shooting glasses for $8.10, went to a customer in Virginia, the company said. The startup of the Chesterfield plant comes just a week after another new Amazon distribution center in Dinwiddie County shipped its first product — a Crock-Pot slow cooker for $19.99 — to a customer in Michigan. Amazon said about 750 people have started work at the Chesterfield fulfillment center in Meadowville Technology Park, while about 250 are working at the plant in Dinwiddie Commerce Park. Richmond Times-Dispatch
Submitted 2 years 19 days ago

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Gulf of Mexico poised for resurgence in 2013
The Gulf of Mexico is set to top peak production by 2019 after high level of investment and successful projects have spurred a resurgence, according to the energy consulting firm Wood Mackenzie. The firm said the area is expected to top 2 million barrels of oil equivalent a day by 2019, and the region is currently being defined by large investments, wide range of opportunities and large number of explorers. “The moratorium and exodus of several mobile offshore drilling units from deep-water GoM in 2010 sharply hindered drilling activity through 2011, but it has rebounded very well in 2012,” said Lauren Payne, a Gulf analyst for Upstream Research at the firm. The Houston Chronicle
Submitted 2 years 19 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 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

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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