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Castlen Welding & Manufacturing Invests Nearly $3.9 Million To Expand Daviess County, Kentucky, Manufacturing Facilities
Castlen Welding & Manufacturing will invest nearly $3.9 million to expand its operations in Daviess County, Kentucky. A manufacturer of material handling equipment for the fertilizer and grain industries, Castlen, is expected to create up to 30 new jobs in the Bluegrass State. Area Development
Submitted 1 years 342 days ago

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Akron Biotechnology Expands Its Boca Raton, Florida, Operations Facility
Akron Biotechnology, which provides novel technologies for cell therapy and regenerative medicine discovery, development and commercialization, will move into a new, larger facility that will significantly increasing space for its R&D and manufacturing operations in Boca Raton, Florida. Area Development
Submitted 1 years 342 days ago

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Rachel Maddow Mocks Kay Hagan For Skipping Debate With GOP Challenger Thom Tillis
RACHEL MADDOW: Lest you think the whole refusing to debate phenemon and giving your opponent an uncontested solo show of their own to do without you, lest you think that is unique to Massachusetts Democratic strategy. No. It also happened tonight, Just a couple of hours ago, during a debate in a race for the Senate seat that is virtually tied in a different state... Realclearpolitics.com
Submitted 1 years 342 days ago

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A GOP Opportunity in Virginia?
Entering the final fortnight of the Senate races, something of a pattern has started to develop. Republicans are leading in the Real Clear Politics average of recent polling in all states that were to the right of the national average in the 2012 election (which President Obama won by 4 points), with two exceptions: Kansas, which is tied; and North Carolina, where Democratic incumbent Kay Hagan is clinging to a 2-point lead but has less than 46 percent support. These right-of-center states in which the GOP is leading include six where seats are currently held by Democrats: Arkansas, Alaska, Louisiana, South Dakota, Montana, and West Virginia. Weekly Standard
Submitted 1 years 342 days ago

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Virginia Beach firm to add 150 jobs to handle VA work
A document-management company that recently won a $50 million federal contract announced Tuesday that it will add 150 jobs, nearly doubling its workforce and expanding its presence in the Lynnhaven area. The Virginian Pilot
Submitted 1 years 342 days ago

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How North Carolina Fits Into 'The State Of The South'
Like residents of other regions, individuals in the South face economic disparities like a widening gender gap, income inequality, and higher rates of unemployment among young adults. But in the South, it is also more difficult for those young people to move up the economic ladder than in any other region. wunc.org
Submitted 1 years 342 days ago

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Duke won’t charge for taxes it doesn’t pay
Duke Energy is not going to overcharge its customers for corporate income taxes the company doesn't pay, even though it could do so under a recent NC Utilities Commission ruling. Clodfelter: Charlotte more than banking town Charlotte Observer
Submitted 1 years 342 days ago

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Thom Tillis Senate bid imperiled by tea party toll-road disdain
CHARLOTTE — They spoke one after another at a tea party meeting at an upscale pub — conservative voters and activists vowing to derail Republican Thom Tillis‘ run for U.S. Senate because, as state House speaker, he muscled through a toll road project. “Since the creation of the automobile until this point, there [haven’t] been toll roads [in North Carolina],” conservative activist Chuck Suter said at the meeting, which is an offshoot of the Charlotte Tea Party. “We would expect this to come from Democrats.” Washington Times
Submitted 1 years 342 days ago

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Tom Coburn highlights ridiculous government spending in final Wastebook
This year’s Wastebook does not show the $5,210 that the State Department tried to spend on a blowup, human-size foosball field for an embassy in Belize. But the fact that the project isn’t in Sen. Tom Coburn’s annual report on ridiculous spending choices is probably one of the biggest victories of the report, because it means the State Department canceled the project after the senator’s staffers asked about it. Washington Post
Submitted 1 years 342 days ago

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University of Texas wins $58 million to study methane source in Gulf
The University of Texas at Austin has won $58 million to investigate a potentially massive energy resource: methane trapped in ice-like crystals under the Gulf of Mexico and oceans around the world. Fuel Fix
Submitted 1 years 342 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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