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Report: October Arkansas Revenue Down 2.5 Percent
Arkansas' October net available general revenue collections totaled $355.6 million, down $9 million or 2.5 percent, from the same month last year, according to a report Friday by the state Department of Finance and Administration. The results were also $21.6 million or about 6 percent below forecast. The department attributed the shortfall to a smaller collection of individual income tax due to payroll timing in withholding tax. Sales and use taxes were also down among businesses and consumer categories, the report said. Arkansas Business
Submitted 2 years 21 days ago

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Alabama Simmers Before Vote on Its Constitution’s Racist Language
EUTAW, Ala. — If a constitution is a deal between a government and its people, few people have been swindled quite as flagrantly as the black residents of rural Alabama in 1901. Not only was the State Constitution written that year with the primary goal of disenfranchising them, but their votes were almost certainly stolen to adopt it. So it is less surprising than it may at first seem to hear what David Finch, a retired maintenance worker in this small county seat, thinks about a proposal to strip the Constitution of a few legally defunct sentences of segregationist language. “I think they should leave it in,” said Mr. Finch, who is black and who says the whole document is hopelessly toxic. “If you ain’t going to do it right, leave it alone.” The New York Times
Submitted 2 years 21 days ago

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HondaJet goes into production in Greensboro, N.C.
ORLANDO, Fla. — Honda Aircraft announced this week it has started production of the HondaJet in Greensboro. The company also highlighted key testing milestones that have been successfully accomplished with the HondaJet moving closer to certification and delivery, during a press conference at the National Business Aviation Association annual meeting and convention. “An assembly line for HondaJet production is in place, major aircraft components including the fuselage and wing have been produced, and we have started assembly of the first customer aircraft,” said Honda Aircraft President and CEO Michimasa Fujino. Greenboro News-Record
Submitted 2 years 21 days ago

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Editorial: Business leaders right on tax and debt reform
Business executives generally dislike having their names, faces and corporations on the line in political spats. All they want is certainty, and they’ll figure out the rest. That’s why it is remarkable that more than 80 major business executives last week came out in direct support of increased tax revenue, major spending cuts and reform of budget-gobbling entitlements such as Social Security and Medicare — all to put the nation back on firmer fiscal footing. It’s not a new message, but it is one gaining in urgency. We’ve heard it from economists, pundits, countless special commissions, including the president’s bipartisan Simpson-Bowles panel, and a handful of members of Congress who have dared to utter these words into the teeth of partisan gridlock. Dallas Morning News
Submitted 2 years 21 days ago

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Public-private partnerships might propel Austin’s development future
Austin has fueled its growth, in part, by recruiting companies, creating public spaces and rebuilding its skyline with the help of the private sector. Look no further than the Second Street retail district or the Mueller community development for examples of public-private partnerships. At a conference of commercial real estate brokers on Tuesday, the city’s establishment — from the Capitol to City Hall to the chamber to a prominent nonprofit — promised even more in the future. “I do believe public-private partnership is the way things move,” said state Sen. Kirk Watson, D-Austin, championing a proposed medical school and new teaching hospital east of the Capitol complex, between 15th Street and Martin Luther King Jr. Boulevard. Austin American-Statesman
Submitted 2 years 21 days ago

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Deal: Caterpillar suppliers likely to move to Ga.
ATLANTA — (AP) Gov. Nathan Deal says he expects that several Caterpillar suppliers will relocate to Georgia to be near the one-million-square-foot-facility the company is constructing near Athens. Caterpillar has said the manufacturing facility is expected to directly employ 1,400 workers once it's fully operational. Morris News Service reports that Caterpillar on Tuesday announced another 50 to 75 jobs it is creating in the Savannah area. Deal, speaking at a panel discussion at the Georgia Chamber of Commerce's annual State of the Ports luncheon, said the Peoria, Ill.-based company helped him meet 10 of its suppliers during a recent trade mission to Japan. He predicted "a good many" would locate in Georgia. He said the company has made it clear they that want their suppliers to be close to where they are. AJC.com
Submitted 2 years 21 days ago

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POLITICO Playback


Submitted 2 years 21 days ago

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Hudson Bay moving 130 IT jobs to St. Louis
The Hudson Bay Co., which operates department store chains, including Lord & Taylor, is bringing 130 IT jobs to downtown St. Louis. Tiffany Bouree, Hudson’s senior manager of external communications, said the company is restructuring its IT operations and consolidating the jobs at the St. Louis office. Some 80 jobs will be eliminated as part of the restructuring. St. Louis Business Journal
Submitted 2 years 21 days ago

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Nordstrom Rack store coming to the Magic City
The drive to the nearest Nordstrom Rack could soon get a lot shorter for the upscale clothing retailer’s Birmingham fans. Nordstrom is planning to put its first Alabama store in a 32,404-square-foot space in the River Ridge shopping center on U.S. 280 in Shelby County, according to bid documents obtained by the BBJ today. The mall developer, DDR Corp., began accepting bids Oct. 23 to renovate the space, which is between a Best Buy and a Staples and near a Target Corp. store. Birmingham Business Journal
Submitted 2 years 21 days ago

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Marijuana Legalization Could Cut Cartels' Earnings By As Much As 30 Percent, According To Mexico-Based Study
MEXICO CITY -- A study released Wednesday by a respected Mexican think tank asserts that proposals to legalize the recreational use of marijuana in Colorado, Oregon and Washington could cut Mexican drug cartels' earnings from traffic to the U.S. by as much as 30 percent. Opponents questioned some of the study's assumptions, saying the proposals could also offer new opportunities for cartels to operate inside the U.S. and replace any profit lost to a drop in international smuggling. Huffington Post
Submitted 2 years 21 days ago

 

 

 

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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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