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THE GROWING RED-STATE BACKLASH TO DONALD TRUMP
On the eve of what is expected to be a razor-thin vote on the G.O.P.’s deeply unpopular health-care bill in the House, and battling a slumping approval rating nationally, Donald Trump is beginning to face opposition from an unexpected quarter: governors in red states who are quietly panicking that the president’s policies will cut critical lifelines to the very constituents who voted him into power. Vanity Fair
Submitted 13 hours ago

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Women get paid different rates in different states — here’s why
The gap in men’s and women’s pay is so large in 13 states, that a girl born today won’t see it close in her entire working life. That’s according to an analysis of data on the year-round earnings of men and women who work full-time, released Wednesday by the Institute for Women’s Policy Researcher, a Washington, D.C.-based think tank. In the U.S. overall, the pay gap isn’t expected to close until 2059, if the pay of both genders goes up at the same rate it has risen at historically. “Intervention in some way is necessary or we’re just never going to get there,” Julie Anderson, a senior research associate at IWPR, said of pay equity. Marketwatch.com
Submitted 13 hours ago

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Austin's tourism industry generates $9B per year, employs more than 100K, report says
The tourism and travel sector brought in an estimated $9.1 billion in gross product for the Austin metro in 2016, according to a new report. That ranked fifth in Texas behind Houston, Dallas, San Antonio and Fort Worth. Tourism employs 103,903 people in the Austin area, according to "The Impact of Travel and Tourism on Texas Property Tax Revenues" from the Perryman Group, a Waco-based economic analysis firm. The tourism industry as defined by the Perryman Group includes restaurants, hotels and other lodging, amusement venues, and other tourism-related properties. Austin Business Journal
Submitted 13 hours ago

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Tech Foundation lands $20 million parcel
The Georgia Tech Foundation has scooped up a nearly two-acre Midtown property along West Peachtree Street for almost $20 million, a long-term investment that expands the school’s presence in one of the country’s rapidly emerging technology districts. Atlanta Business Chronicle
Submitted 13 hours ago

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Crane Watch: Mapping out the major development projects around Miami
It’s almost impossible to turn in any direction in downtown Miami and Brickell and not see a construction crane. There are so many projects coming out of the ground that most untrained eyes can’t tell one from the other. SFBJ’s new Crane Watch feature will give readers the latest information about current and proposed projects so they can be in the know. It maps and describes all projects of at least 20,000 square feet and says whether they have broken ground (including the expected completion date) or whether they are in the planning stages. South Florida Business Journal
Submitted 13 hours ago

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$350M redevelopment of former Fashion Mall comes with new name
The former Fashion Mall in Plantation will be renamed Plantation Walk as it undergoes a $350 million redevelopment. Boca Raton-based Encore Capital Management selected the mixed-use project at 321 N. University Drive to emphasize its walkable nature as an open-air center. In December, the city approved the project for 1.35 million square feet, including 700 apartments, 225,000 square feet of commercial/retail space, and 250,000 square feet of new and renovated office space. There’s already a hotel on the site. South Florida Business Journal
Submitted 13 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 14 hours ago

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Playback: Trump is funding a mission to project his face on the moon


Politico
Submitted 14 hours ago

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Maybe the Economy Isn't the Reason Why So Many American Men Aren't Working
CHARLOTTE, North Carolina—John LaRue is having a tough time of it these days. He used to move things for people, advertising his services on Craigslist. But work slowed up, and he became homeless and started sleeping in his truck, until, that is, someone stole it. Now, he told me, he’s fighting alcoholism and his health is deteriorating from living on the streets. I met LaRue at a Social Security office outside of Charlotte, where he was hiding his belongings in the bushes because he didn’t have anywhere to keep them and wasn’t allowed to bring them inside. “I feel like there’s a cloud over my head,” he told me. “It’s just been one thing after another.” The Atlantic
Submitted 14 hours ago

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The Ugly (Retail) Truth: A Rundown Of Store Closings And Survival Prospects
Whew. It’s ugly out there in the U.S. mall land. More than a dozen retailers are shuttering hundreds of doors, while others kiss the American shopping landscape goodbye forever. While no means a definitive list, here’s a Cliff Note’s-style rundown of 10 chains closing stores and liquidating their fleet, and a look at the saving-grace strategies of the merchants sticking around — for now. Forbes
Submitted 14 hours 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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