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BREAKING NEWS: Designer confirms Elio Motors buying ex-GM plant in Shreveport, La.
An auto designer who helped develop the Elio Motors vehicle concept has confirmed that company and its CEO Paul Elio are in Shreveport today to finalize the purchase of the former General Motors assembly plant. And during a news conference under way at the facility in west Shreveport, RACER Trust redevelopment manager says Elio Motors is buying the entire plant and the equipment to make its three-wheel vehicles. “At this point, we’re still in preliminary stages. We’ve built a working prototype and it is now ready to move into the production phase,” David Spykerman, of Genesis Concept and Design out of Mesa, Ariz., a company that helped design Elio Motors’ “Trike," said in an interview earlier today with The Times. Shreveport Times
Submitted 2 years 21 days ago

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Out to lunch
The Randle Report is breaking for lunch and making way for a new editor shift. Click on the headline above to access Southern Business & Development's Web site for more detailed information on economic development in the South. Posts will resume at 1:00 pm CDT.
Submitted 2 years 21 days ago

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Beebe announces 24 appointments
LITTLE ROCK — Gov. Mike Beebe on Wednesday appointed Curt Bradbury of Little Rock, chief operating officer of investment banking firm Stephens Inc., to serve on the state Prescription Drug Monitoring Advisory Committee. Arkansas News Bureau
Submitted 2 years 21 days ago

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W.Va. led nation in 2012 mining deaths
CHARLESTON, W.Va. -- West Virginia led the nation in 2012 with seven coal-mining deaths, according to preliminary figures from the U.S. Department of Labor's Mine Safety and Health Administration. The fatality count for 2012 was one more than the six West Virginia coal miners killed in 2011. Charleston Gazette
Submitted 2 years 21 days ago

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Obama signs $633B defense bill
President Obama signed the $633 billion defense authorization bill into law on Thursday, despite objecting to several key portions of the bill. The president signed the sweeping 2013 National Defense Authorization Act (NDAA) while in Hawaii after the White House had threatened to veto the legislation over restrictions on transferring detainees from Guantanamo Bay and a number of program reversals from the Pentagon’s proposed budget. The Hill
Submitted 2 years 21 days ago

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Citizen-Centered Services
In the past, each public-sector department has viewed citizens as users of its particular service, whether it was a request for a disabled parking spot in front of the house or a pattern of behaviors that might signal the need for further social services. The Atlantic
Submitted 2 years 21 days ago

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What About the Other Amendments?
In the National Review, Kevin Williamson argues that nearly everyone calling for gun control either doesn't understand or refuses to address the actual purpose of the 2nd Amendment. They talk, he says, as if there's no legitimate reason for an American to have military grade weapons, as if the 2nd Amendment protects mere hunting and home security. "The purpose of having citizens armed with paramilitary weapons is to allow them to engage in paramilitary actions," Williamson writes. "There is no legitimate exception to the Second Amendment for military-style weapons, because military-style weapons are precisely what the Second Amendment guarantees our right to keep and bear. The purpose of the Second Amendment is to secure our ability to oppose enemies foreign and domestic, a guarantee against disorder and tyranny." The Atlantic
Submitted 2 years 21 days ago

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Companies Prepare for Health Law
One of the biggest decisions for many companies this year will be what to do about their health benefits. They have just 12 months before the major provisions of the federal overhaul law take effect on Jan. 1, 2014, reshaping health coverage in the U.S. Employers with at least 50 workers will owe penalties if they don't cover full-time employees. Most Americans will face a parallel "individual mandate" to obtain insurance. Wall Street Journal
Submitted 2 years 21 days ago

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New Orleans completed 25 capital projects in 2012 and will start 47 more in 2013, Mayor Landrieu says
The city completed 25 capital projects worth $60 million in 2012 and began work on another 27 projects with a total value of $87 million, New Orleans Mayor Mitch Landrieu's office said Wednesday. This year, the city is scheduled to begin construction on 47 projects with a total budget of $186 million, it said. Times-Picayune
Submitted 2 years 21 days ago

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The new normal for politics
It's fashionable to bash House Republicans these days as no-knowing Tea-Party-controlled rubes who are responsible for the destruction of the Grand Old Party. But who is responsible for the House Republicans? Proximately, the Tea Party movement and the intellectual/corporate forces behind it can take some credit for establishing a defensive weapon inside Congress that makes it very hard to compromise. But ultimately, both the Democratic and Republican parties are responsible for the strategy that has so polarized this chamber of Congress in the first place. Redistricting is controlled by state legislatures, and the same Republicans who are now grumbling that the House GOP is throwing away the baby with the bath water were the ones who encouraged conservative donors to focus on state legislative chambers and on electing politicians who were keen to redraw districts in ways that corralled conservative constituencies. The Week
Submitted 2 years 21 days ago

 

 

 

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 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
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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