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Playback: Monday's debate will be available in virtual reality


Politico
Submitted 2 days ago

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American manufacturing slipped more than expected
US manufacturing slipped more than expected. Markit Economics' flash purchasing managers' index for September — a preliminary reading — fell to 51.4. Economists had forecast that the index dipped slightly to 51.9. Business Insider
Submitted 2 days ago

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Great opportunity to nurture Coast
Estuaries are the lifeblood of the Gulf of Mexico. Places like the Mississippi Sound, where fresh water from several major rivers mixes with the saltier waters of the Gulf, are critical nursery grounds for most of the fish and shellfish that Mississippians love to catch and eat — everything from shrimp to redfish. The result? The Mississippi Coast delivers a serious economic punch. Recreational fishing along our coast generates nearly $600 million annually for the state while supporting more than 5,000 jobs, and tourists spend almost $2 billion each year to experience Mississippi’s wildlife and natural beauty. The Mississippi Sound is a huge part of this economic engine, providing some of the best recreational fishing and hunting areas in the country. But the health of the Sound is not what it once was. An average of 200 acres of shoreline and marsh are lost to erosion every year, jeopardizing the intricate salt-to-fresh water balance of this estuary. Development has altered our waterways and shorelines and intensified water quality problems. Even Mississippi’s once-plentiful oyster reefs are at an all-time low. Sun Herald
Submitted 2 days ago

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Arkansas company to invest $6.7 million, add 100 jobs over 4 years
A Harrison company is expanding its operations and creating 100 new jobs over the next four years, according to a news release. Lecheck Nutrition, a company that makes and distributes nutritional supplements, will invest $6.7 million into a new 437,000 square-foot facility, according to the release from the Arkansas Economic Development Commission. After adding 100 new employees, the facility will employ more than 170 people in total, the commission added. Arkansasonline.com
Submitted 2 days ago

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Jobs: Rethinking Our Narrow Definition
One thing that Democrats and Republicans agree on is job creation equals good. Ronald Reagan famously said, “I believe the best social program is a job.” A couple of months ago I heard President Obama speak at South by Southwest. After an hour of ideas and facts, one still stands out four months later. President Obama proudly shared that the unemployment rate has dropped to 5%. At first I thought, “Wow, that’s great. It was cut in half.” Then I thought about the population that I work with. I work with chronically unemployed individuals. Huffington Post
Submitted 2 days ago

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Marion County job investment in shambles as CEO charged in $30 million fraud scheme
MARION, S.C. – In March 2013, a Miami-based global resources company announced the largest initial investment in Marion County -- a $54 million rice repackaging plant promising to employ at least 215 people over the course of five years to package imported rice and manufacture diapers at the old Blumenthal Mills property. After months of anticipation, it’s now apparent the deal is in shambles. The former Chief Executive Officer of Essex Holdings, Inc. Navin Shankar Subramaniam Xavier was charged with two separate fraud schemes totaling more than $30 million, according to a press release from the United States Attorney’s Office Southern District of Florida. SCnow.com
Submitted 2 days ago

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Job openings reflect skills gap in US
The latest national labor data show there are nearly 6 million open jobs in the United States. This is up from 5.4 million last May and is the highest figure measured since the government began counting job openings in 2000. Clarion-Ledger
Submitted 2 days ago

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Virginia Tech creating 'Creativity and Innovation District'
BLACKSBURG — Virginia Tech is starting yet another ambitious development on campus that promises to bring together a diverse mix of people who will collaborate on creative projects. The university hopes some of those will churn out usable products and spur economic development in the surrounding community. Roanoke.com
Submitted 2 days ago

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Va. economic development office to lose international trade division, refocus mission
Things aren’t what they used to be at VEDP. The Virginia Economic Development Partnership, or VEDP, will lose its international trade division next spring, along with 17 percent of its staff and about a quarter of its budget. Richmond Times-Dispatch
Submitted 2 days ago

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Virginia Beach announces four business expansions and a corporate relocation.
Virginia Beach will soon get 177 new jobs, as the result of four business expansions and one relocation. The city said that the Virginia Beach Development Authority has approved incentive grants totaling $165,000 to the five businesses. The biggest job creator is expected to be Chantel Ray, a woman-owned residential real estate company founded in 2011. It plans to launch a national franchise from a new headquarters location in Virginia Beach, with the expansion creating 87 new jobs. Virginiabusiness.com
Submitted 2 days ago

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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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