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Alabama-made Mercedes-Benz GL-Class named a top luxury SUV
The Mercedes-Benz GL-Class, a full-sized SUV produced at the German automaker's Alabama factory, has been named among KBB.com's 10 Best Luxury SUVs of 2013. The GL was ranked No. 2 on the list from Kelley Blue Book, following the Land Rover Range Rover. The Porsche Cayenne, Lexus RX and Infiniti JX rounded out the top five. AL.com
Submitted 2 years 14 days ago

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Montgomery officials break ground on new $35 million recycling center set to bring 110 jobs, allow 85 percent of waste to be recycled
MONTGOMERY, Alabama -- By next summer, 85 percent of the garbage that city of Montgomery residents throw away will be recycled. This is due to a $35 million, advanced mixed materials recovery facility developed by Infinitus Energy set to be built in north Montgomery. Officials with the city of Montgomery, Montgomery Area of Chamber of Commerce and Infinitus Energy broke ground on the facility today at 1551 Louisville St. at the new Infinitus Renewable Energy Park at Montgomery (iREP Montgomery). AL.com
Submitted 2 years 14 days ago

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Valero refinery in St. Charles, LA plans major expansion
Valero Refinery is currently in the planning stages of a massive $700 million expansion to its St. Charles Parish plant, which occupies roughly 1,000 acres along the Mississippi River in Norco. The expansion will include construction of a large methanol unit, designed to compress natural gas into liquid in order to manufacture chemicals and plastics. Construction is expected to begin sometime in late 2015 or early 2016, according to Valero Community Relations Director Taryn Rogers. Rogers said Valero selected St. Charles for the expansion due to its proximity to the Mississippi River and its docks, as well as "the pro-business environment in Louisiana." NOLA.com
Submitted 2 years 14 days ago

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Cruise industry still strong in Florida, study says
Florida remains a key player in the cruise industry with about 60 percent of the nation's embarkations beginning in the Sunshine State. According to the latest study from industry group Cruise Lines International Association, Florida businesses received $7 billion, or 36 percent of the direct spending generated by the cruise industry in the nation. “The cruise industry is a growing contributor to our nation’s economy and the economic benefits of cruising go beyond port communities as all 50 states benefit from the cruise industry’s direct and indirect spending,” said Christine Duffy, CLIA’s president and CEO. BizJournals.com
Submitted 2 years 14 days ago

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Biotech startups launch operations at UVa Research Center
Two biotechnology startups, RioGin and Alexander BioDiscoveries, have begun operations at the University of Virginia Research Park in northern Albemarle County. RioGin is working to improve the performance of pharmaceutical compounds by producing safer medicines that are taken less frequently. Alexander BioDiscoveries is seeking to channel new anti-viral drugs into the pharmaceutical market pipeline. Both companies were started by former UVa faculty. TimesDispatch.com
Submitted 2 years 14 days ago

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New Orleans cruise traffic increasing, says industry report
The number of passengers taking cruises from New Orleans is increasing, an international cruise industry group announced as part of a study of 2012 cruise traffic in North America. The Port of New Orleans saw 488,000 people taking cruises last year, the study said, showing about a 32 percent rise from 2011. Driven by the New Orleans results, Louisiana as a whole rose from the 15th largest state for the cruise business to the 12th, with travelers spending $399 million on cruising, said the report from the Cruise Lines International Association. NOLA.com
Submitted 2 years 14 days ago

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Are workers gaining from increased productivity?
For a long time in America, earnings and productivity went hand and hand: The more productive workers got, the more they made, on average. That relationship appeared to break down starting in the early 1970s, as productivity increased but wages flat-lined, and economists have spent several decades debating why. Washington Post
Submitted 2 years 14 days ago

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What could drive faster growth?
Through the last five years of crisis, recession, and slow recovery, the overwhelming debates over the economy have been cyclical. How much fiscal stimulus? Can easier monetary policy help? When will housing return to normal? Washington Post
Submitted 2 years 14 days ago

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Baptist Health to layoff 170 Arkansas workers
LITTLE ROCK — Baptist Health announced plans Tuesday to lay off 170 employees in Arkansas. Baptist Health spokesman Mark Lowman said the “restructuring initiatives” would occur across the hospital’s health care network over the next several days and that layoffs would not affect the quality of patient care. He declined to say whether doctors or nurses are among those losing their jobs. Arkansas News Bureau
Submitted 2 years 14 days ago

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3,400 young S.C. immigrants given temporary status
COLUMBIA — Thousands of young people in South Carolina have been granted temporary resident status over the past year under a federal program that postpones deportation proceedings, according to U.S. Citizenship and Immigration Services records. Post-Courier
Submitted 2 years 14 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 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     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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