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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 2 years 96 days 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 2 years 96 days 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 2 years 96 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 2 years 96 days ago

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VIDEO: POLITICO Playback


Politico
Submitted 2 years 96 days 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 2 years 96 days 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 2 years 96 days 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 2 years 96 days ago

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How the Recession Beefed Up Sister City Relationships
Since 1995 Victor Hoskins has traveled to China many times in his various roles with the state of Maryland and later as the economic development chief of Washington, D.C. Now a top official with Prince George’s County, Md., Hoskins’ next trip to China with other county officials and business representatives contains a new twist. The new sister county agreement to be signed next week between the county and the Changping District of Beijing will solidify not just a cultural relationship, but specific economic development goals as well. Governing.com
Submitted 2 years 96 days ago

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States Where Government Aid Goes the Furthest
Home to seven of the richest counties in the country, the Washington, D.C., region is one the wealthiest in the nation. As such, homes are expensive -- the median price is north of $300,000 -- and niche services like doggy day care and slumber party planners abound. The same is true for other major metropolitan areas like New York and San Francisco, where housing stock is even more expensive than Washington's. Governing.com
Submitted 2 years 96 days ago

 

 

 

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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