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Va. records best oyster harvest since 1987
This news should go down easy. Virginia’s oyster harvest rose nearly 25 percent last season, topping 500,000 bushels for the first time since the 1980s. State officials reacted with happiness and caution. “We are making tremendous progress,’’ said John M.R. Bull, commissioner of the Virginia Marine Resources Commission. “But oysters are still susceptible to disease and other environmental factors outside of our control.” The oyster harvest reached 504,000 bushels in 2013-14, up from 409,000 bushels the year before. Richmond Times-Dispatch
Submitted 1 years 344 days ago

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Va. Gov. Terry McAuliffe orders more state contracts assigned to small businesses
RICHMOND -- Gov. Terry McAuliffe signed an executive order Tuesday requiring state agencies to award more than 42 percent of contracts to small businesses. The governor's order said the target would be the highest percentage of state contracts to go to businesses certified as small, women-owned and minority owned (SWaM status) since the state began tracking this data in 2004. The order creates a micro-business designation that will cover small businesses with fewer than 25 employees and less than $3 million in average annual revenue. The state's small business and supplier diversity department is ordered to submit recommendations for implementing the designation by Oct. 1. Richmond Times-Dispatch
Submitted 1 years 344 days ago

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APM facility in Portsmouth, Va., to be sold, executive says
PORTSMOUTH--Just seven years after it opened and only four years after it was leased to the Virginia Port Authority, APM Terminals' state-of-the-art Portsmouth facility is about to be sold. The buyer is a partnership made up of affiliates of Alinda Capital Partners, a big U.S. infrastructure investment firm, and Universities Superannuation Scheme Ltd., or USS, the largest private-sector pension fund in the United Kingdom, according to an APM Terminals statement. The sale price was not disclosed. The deal is expected to close sometime in the third quarter. After that, the facility will be renamed Virginia International Gateway. Virginian-Pilot
Submitted 1 years 344 days ago

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A Glimpse of Our Health Care Future
To what will Obamacare lead? If the administration’s health policies continue on their present trajectory, Obamacare will lead to some form of European-style single-payer national health system. Weekly Standard
Submitted 1 years 344 days ago

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Chief Happiness Officer Is the Latest, Creepiest Job in Corporate America
Happiness isn’t something you find, or work toward—it’s something you buy and have delivered. Or at least that’s the premise of one of the newest jobs over in the C-suite. Now, alongside the CEO, CFO, and their ilk, we have the CHO, or chief happiness officer. As the name clearly suggests, the CHO is responsible for the contentment of individual employees, sort of like an h.r. manager, but on steroids; the theory goes that happy workers are productive workers, so happiness turns out to be in the company’s best interest. Perhaps unsurprisingly, many CHOs reside in Silicon Valley—both at start-ups and more blue chip tech companies. But it’s starting to spread: Southern restaurant company Hopjacks created the position in 2012 and the Quality of Life Foundation, an education nonprofit, created one in 2010. The New Republic
Submitted 1 years 344 days ago

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Two Murfreesboro businesses set to receive $3M in economic development grants
MURFREESBORO – Two companies that agreed to relocate to Rutherford County will soon receive nearly $3 million in grants from the state of Tennessee following a key vote Monday morning by the Rutherford County Industrial Development Board. dnj.com
Submitted 1 years 344 days ago

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Economic development a solid investment for Oklahoma
Recently CNN Money reported that Oklahoma City earned first place in an annual ranking of the top 50 U.S. cities of the best place to launch a small business. The ranking comes from NerdWallet, a firm that, in their words, is “the nerdy friend you can count on and trust, no matter your money question.” The Oklahoman
Submitted 1 years 344 days ago

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Mando celebrates new expansion of its Meriwether GA plant
The recently expanded Mando plant hosted the grand opening ceremony for its new casting facility in the Meriwether County Industrial Park, with expectations of the plant bringing more jobs to the area. Guests at the ceremony for the Korean-based company included Mando officials, the consul general of Republic of Korea, and local and state officials, including Gov. Nathan Deal. Lagrangenews.com
Submitted 1 years 344 days ago

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LEE COUNTY: Efforts to grow, train workforce highlighted in national report
SANFORD, NC--A report released Thursday by the private N.C. Budget and Tax Center called for more efforts to improve workforce training and development, predicting dire consequences for the state's employment picture if nothing changes. Locally, however, the announcement might not seem so dramatic. Sanford Herald
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Understanding the Workforce Innovation and Opportunity Act
Finally, a piece of legislation both parties agreed upon; and it's a bonus that it actually promises to be effective. The Workforce Innovation and Opportunity act is an amendment and reauthorization of the Workforce Investment Act of 1998, which supported the nation's primary programs and investments in employment services, workforce development, adult education and vocational rehabilitation activities. The new legislation is the product of a bipartisan, bicameral negotiation between the Senate Health, Education, Labor and Pensions Committee and House Committee. Huffington Post
Submitted 1 years 344 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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