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Days after Waco, South Carolina braces for bikers
ATLANTIC BEACH, S.C. (AP) — Tens of thousands of bikers are expected to descend on South Carolina's Myrtle Beach area this Memorial Day weekend — and when they do, they'll be met with heavy security. Yahoo.com
Submitted 3 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 1:30 pm CDT.
Submitted 3 days ago

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VIDEO: POLITICO Playback


Politico
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Gov. Terry McAuliffe: Aerospace key to diversifying state's economy
Virginia's aerospace industry holds tremendous potential in helping the state diversify and grow its economy, Gov. Terry McAuliffe said Friday night in Hampton. "We are turbocharged for the future, and aerospace is going to lead the way," McAuliffe told attendees of the Virginia Aerospace Business Association's second annual gala at the Hampton Roads Convention Center. Dailypress.com
Submitted 3 days ago

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USDA to Give Priority Funding for Regional Economic Development Projects
Agriculture Secretary Tom Vilsack today announced USDA's plan to implement a Farm Bill provision that will have a major policy impact on the way the Department helps rural communities plan and finance regional economic development strategies. The new Regional Development Priority (RDP) policy will make it easier for rural communities to access resources to invest in long-term community development efforts by giving priority to applications for Rural Development programs that include regional partnerships and strategies. USDA.gov
Submitted 3 days ago

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Why is Prince William using an economic development plan from 1993?
According to the Prince William County Planning Director Chris Price, the economic development piece of the county’s comprehensive plan is a little out of date. And by a little out of date – we mean that the document was created back in 1993. While little in the document has changed since then, there’s been a lot of change in the county. “[The comprehensive plan] was substantially written in 1993 and it’s been updated minorly a couple of times. But it has such gems in it as attracting a computer museum…and maybe that made sense at one time…but I have no ability to influence that. That’s really where the economic development chapter of the comprehensive plan should be – can we do the development review process to facilitate economic development,” said Price. Potomaclocal.com
Submitted 3 days ago

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Enterprise Among “Bests” in Economic Development
The leading economic news magazine in the Southeast has tapped Enterprise among its “Bests in Alabama” of 2015. In a recent issue, Southern Business and Development magazine recognized the high-quality workforce in the area by naming Enterprise among the top three cities in the category “Alabama’s Best Manufacturing Workforce” in Small Markets. The other two cities named in that category were Cullman and Lanett. Wtvy.com
Submitted 3 days ago

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Navy base terminal, Charleston port’s key to competition, moves ahead
A new terminal designed to help the Port of Charleston stay competitive in an era of bigger cargo ships moved forward Wednesday when the State Ports Authority’s board approved more than $2.2 million in contracts for preliminary work on the project. The planned container terminal on the old Navy base in North Charleston will cost about $700 million, and its first phase is scheduled for completion in 2019. That is about the same time a separate $509 million project to deepen Charleston Harbor to 52 feet from 45 feet is supposed to be finished. Post-Courier
Submitted 3 days ago

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MeadWestvaco, partner to add 350,000-square-foot spec building in Hanahan
Trying to meet the growing demands of Charleston’s commercial real estate market, two companies plan jointly to build a 350,000-square-foot speculative building in Hanahan. Post-Courier
Submitted 3 days ago

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A ‘Fast Track’ to Nowhere Good: The Dirty Details of the Senate’s Compromise
Conventional wisdom dictates that Congress is a hopelessly gridlocked mess of partisan ideologues, scratching and clawing at one another without accomplishing much. But that’s only true until it’s not. The Fiscal Times
Submitted 3 days ago

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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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