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1,000 state workers have lost jobs since Tennessee Gov. Bill Haslam took office
About 1,000 state workers have been given the ax since Gov. Bill Haslam took office in January 2011, and only a few have so far been reassigned to new positions, according to a Tennessean review of state records. The Haslam administration’s campaign pledge to squeeze savings out of state government and improve service has resulted in plans to cut payrolls within Tennessee’s 22 departments by more than 2,200 jobs. Many of those job cuts have been coupled with promises to help displaced workers find new positions elsewhere in state government. But the state Department of Human Resources says it has tracked only 40 completed reassignments since Haslam took office, an indication that the governor’s plan remains unfinished. Kingsport Times-News
Submitted 2 years 101 days ago

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Memphis schools to get millions in federal funds to boost performance
Seven Memphis schools received a $14.8 million infusion of federal money Thursday to make systemic change, starting with a longer school day and more technology to boost student performance. The schools are Chickasaw Middle, Fairley Elementary, Ford Road Elementary, Geeter Middle, Hamilton Middle, Lucy E. Campbell Elementary and Magnolia Elementary. They are part of newly formed "Innovation Zones" in Memphis and Nashville where the state is pouring resources into elementary and middle schools, hoping extra teachers and technology will lift the 12 high schools they feed. Gov. Bill Haslam announced the grant Thursday at a Nashville middle school where he also signed into law a new school accountability system required under Tennessee's waiver from the federal No Child Left Behind Act. Memphis Commercial Appeal
Submitted 2 years 101 days ago

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La-Z-Boy seeks help to expand Dayton, Tenn., plant
DAYTON, Tenn. -- La-Z-Boy Tennessee expects to add 40 jobs at its Dayton operation if the Rhea County Commission will purchase a piece of property and lease it to the company, commissioners were told this week. County Executive George Thacker said he had been working with La-Z-Boy officials and representatives of the state and the Tennessee Valley Authority to arrange the deal, which will provide a site for a company-owned trucking operation. "La-Z-Boy has created 300 jobs this year, and we will end up with another 80 jobs and $4 million in payroll" if the transaction is approved, Thacker said. Chattanooga Times Free Press
Submitted 2 years 101 days ago

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U.S. House committees move to save Boeing work in Oklahoma City
WASHINGTON — Two U.S. House committees have drafted legislation that would spare, at least temporarily, an aircraft modernization project led by Boeing workers that is scheduled to move to Oklahoma City. The annual defense bill approved by the House Armed Services Committee on Thursday would prevent the Air Force from ending the C-130 Avionics Modernization Program until six months after the completion of a study on the potential costs and benefits. Rep. Tom Cole, R-Moore, added an amendment that would allocate $20 million on the C-130 program in the next fiscal year. Daily Oklahoman
Submitted 2 years 101 days ago

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Mississippi tourism dollars trending up


Submitted 2 years 101 days ago

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Louisiana workers more likely to pull down low wages, study finds
Louisiana has one of the highest proportions of workers making less than $23,000 a year, according to a paper released by the Economic Policy Institute. The briefing paper, by Rebecca Thiess, examines not only wages by state but also by occupation. The entire paper is broken down nicely in a recent analysis by Derek Thompson, a senior editor for The Atlantic. While Mississippi and Tennessee had the largest share of workers earning poverty-level wages -- less than, for example, $23,005 or $10.73 per hour for a family four -- Louisiana was just a few notches down, at number six. Times-Picayune
Submitted 2 years 101 days ago

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South rates poor for upward mobility, but not Georgia!
Thank goodness for Mississippi. And Louisiana. And South Carolina. And Oklahoma. And most of the rest of the Southern states. Thanks to them, Georgia doesn’t come off looking all that bad in a new report from the Pew Center on the States. In its Economic Mobility Project, Pew says our Southern neighbors are the worst places in the country for upward mobility — that is, where it’s hardest to climb the old economic ladder. They’re pretty good for downward mobility, though. To the point: Georgia actually scores OK in this one. The study rates us “not statistically different,” from the rest of the country, which means we’re around the national average in terms of upward and downward economic mobility. Atlanta Journal-Constitution
Submitted 2 years 101 days ago

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Nalco plant in Garyville, La. announces $18.7 million expansion
Gov. Bobby Jindal announced the construction of a 300,000 square foot dry polymer production facility at the Nalco plant in Garyville. The $18.7 million project creates a product that removes contaminants from wastewater, according to a company news release. Construction has been under way for several months, and the expansion is scheduled to be online by December, company officials said. The expansion will increase the size of the Garyville plant to 1 million square feet and add 22 full-time positions to the plant's current workforce of 235, according to a company statement. Times-Picayune
Submitted 2 years 101 days ago

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Arkansas Gov. Mike Beebe announces $39.4 million spending hike in current budget
LITTLE ROCK — Gov. Mike Beebe said today he expects an additional $39.4 million more in general revenue will be available between now and the end of the fiscal year June 30th. The increase in the general revenue forecast for the final two months of the current fiscal year is due to “a continued positive trend in collections, especially in individual and corporate tax receipts,” the governor’s office said in a news release. State Department of Finance and Administration Director Richard Weiss, in a letter today to the co-chairmen of the Joint Committee on Economic and Tax Policy, said the additional $39.4 million will fully fund the Revenue Stabilization Act categories of A and B and add $10 million to the state’s “rainy day” fund. Arkansas News Bureau
Submitted 2 years 101 days ago

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Support company for ThyssenKrupp AG to add 68 new jobs
MOBILE, Alabama -- A new support business for the stainless steel operation at ThyssenKrupp AG's local mill will provide an estimated 68 new jobs paying an average of $56,761 a year, officials said Thursday. Tube City IMS, based in Glassport, Pa., plans to spend just over $23 million to build and equip a shop at the ThyssenKrupp complex in Calvert, according to Claudia Zimmermann of the Mobile Area Chamber of Commerce. The shop is expected to be in operation by this fall, she said. Mobile Press-Register
Submitted 2 years 101 days ago

 

 

 

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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