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Inside the bidding war for the $5b Tesla battery factory
From the start, little has been typical about Tesla Motors' plan for a $5 billion factory to make batteries for a new generation of electric cars. It's not just the project's massive scale, the cutting-edge technology, or even the bonanza of 6,500 good-paying jobs. It's how Tesla is deciding where to build. nzherald.co.nz
Submitted 4 hours ago

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Tesla Motors dealing as states play factory poker
LOS ANGELES (AP) — Five states are on the short list for a $5 billion factory that Tesla Motors plans to build so it can crank out batteries for a new generation of electric cars. The package of economic incentives that each state offers will help determine where Tesla builds the factory — Nevada, California, Texas, Arizona or New Mexico. Tesla CEO Elon Musk has said the winning state will shoulder about 10 percent of the total cost, meaning at least $500 million worth of incentives. Tesla already has done initial preparatory work on a potential site in Storey County and plans to prepare one other site in coming months. A final decision is expected by year’s end. nevadaappeal.com
Submitted 5 hours ago

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Currency manipulation must end to create jobs in Missouri
American businesses could be hiring more workers today if we ended unfair trade practices used by some of our trading partners. No matter how competitive companies are in Missouri, they struggle to keep up with foreign competitors that are given an unearned advantage because of currency manipulation. St. Louis Today
Submitted 5 hours ago

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Jet maker to break ground on Arkansas expansion
Dassault Falcon Jet is to break ground on a $60 million expansion of its private jet finishing plant at Little Rock's airport. The factory has about 2,000 employees, and expansion of the completion center ensures that 400 of those positions will stay in Arkansas. Last year, when the company announced the expansion, Gov. Mike Beebe said other communities tried to attract that segment of the business. katv.com
Submitted 5 hours ago

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New path helps union to regain its footing
The United Auto Workers just announced that General Motors will move production of the next-generation Cadillac SRX crossover SUV from Mexico to its UAW assembly plant in Spring Hill Tennessee. Yep – that is the same Tennessee where anti-union Republican officials threatened in February to pull economic development funds from Volkswagen if workers voted to join the UAW at their Chattanooga plant. journalgazette.net
Submitted 5 hours 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 1:30 pm CDT.
Submitted 6 hours ago

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VIDEO: POLITICO Playback


Politico
Submitted 6 hours ago

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VW union could signal change for Tennessee labor fight
Eric DeLacy takes pride in his job in the paint shop at Volkswagen's Chattanooga plant. But after nearly four years on the job, DeLacy says he also wants to have a bigger say in how the plant runs, and thinks a labor union could provide that voice. He is among more than 700 workers who have joined a new local union started in March by the United Auto Workers. The Tennessean
Submitted 6 hours ago

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Judge Halts Enforcement of New Louisiana Abortion Law
Louisiana's new antiabortion law can take effect Monday as scheduled, but provisions requiring doctors to have admitting privileges at nearby hospitals cannot be enforced against clinics and doctors who filed suit, a federal judge ruled Sunday night. U.S. District Judge John W. deGravelles, a recent Obama appointee who sits in Baton Rouge, granted a temporary restraining order against state officials after three of Louisiana's five abortion-performing clinics sued. Governing.com
Submitted 6 hours ago

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Facing Climate Change, Cities Embrace Resiliency
The flash floods that have long plagued Dubuque, Iowa, seem to be getting worse. Although the city lies on the Mississippi River, the biggest threat of a deluge is from the sky. Summer storms are being stoked by increasingly warmer air. As a result, they carry more moisture and soak the low-lying areas and hills that ring the city. The water speeds downhill toward the Bee Branch Creek, a partially buried waterway that flows beneath several neighborhoods before emptying into the Mississippi. Often, the storms dump so much rain that the creek’s concrete channels cannot contain the runoff. Water spills over streets, across backyards and into basements. It can push open manhole covers, spray out from fire hydrants and carry away parked cars. Governing.com
Submitted 6 hours 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     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 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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