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TN revenue $190M more than budgeted
NASHVILLE — The state has collected $190 million more than budgeted so far this fiscal year. Finance and administration officials reported Tuesday that April collections were 9.6 percent over those in April a year ago. The figure was $1.4 billion, or $83 million more than budgeted. Sales tax collections for April recorded their 25th straight month of growth dating back to April 2010. On an accrual basis, April is the ninth month in the fiscal year that ends on June 30. General fund collections beat projections by $83 million in April and by $400 million for the year. The Tennessean
Submitted 2 years 101 days ago

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Georgia tax revenue up 11% in April
Georgia’s revenue from taxes rose 11 percent in April 2012, boosted mostly by a spike in individual income tax collections. The Georgia Department of Revenue reported Wednesday the state took in $1.53 billion in April. This included $804.8 million in individual income tax revenue (up 13.2 percent), $482.4 million in sales tax revenue (up 4.8 percent) and $68.2 million in corporate income tax revenue (down 3.1 percent). Through April, the state’s tax revenue was up 5.4 percent to $13.3 billion. Atlanta Business Journal
Submitted 2 years 101 days ago

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State Tax Collections Pass Peak From Recession’s Start
State tax collections, which during the recession experienced their steepest and longest drop since at least the Great Depression, have been climbing back for the last two years and finally surpassed their previous peaks as 2011 drew to a close, according to a report issued on Thursday. The total amount of tax revenue collected by the states was 3 percent higher than it was during the last quarter of 2007, when the recession hit, according to the report, by the Nelson A. Rockefeller Institute of Government, in Albany. But the recovery has been uneven: 17 states collected less in taxes in the last quarter of 2011 than they did four years earlier. The New York Times
Submitted 2 years 101 days ago

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Louisiana's economy on the move: An editorial
Louisiana came in last on the so-called Camelot Index, which looks at how the 50 states are doing when it comes to economic vitality, education, health, crime and governance, but this state made the top 10 in another index issued by the same service -- on economic momentum. The Federal Funds Information for States, a non-partisan subscription service created by the National Governors Association and the National Conference of State Legislatures, issues the annual Camelot Index and the Index of State Economic Momentum. And while Louisiana was in 50th place for the former, it ranked 9th in the nation for the latter. Times-Picayune
Submitted 2 years 101 days ago

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South Texas' Eagle Ford brings $25 billion windfall
San Antonio - The Eagle Ford Shale has been touted as a modern-day Spindletop, and a study released Wednesday underscored that view. The vast oil and gas play in South Texas contributed $25 bil-lion in total economic output to a 20-county South Texas region last year and provided 47,097 full-time jobs, according to a study by the Center for Community and Business Research at the University of Texas at San Antonio's Institute for Economic Development. In a single year - 2011 - the shale development added almost as much economic oomph to South Texas as an earlier UTSA study predicted would occur over nearly a decade. That earlier projection estimated the Eagle Ford would account directly and indirectly for almost $21.5 billion in economic output by 2020. Houston Chronicle
Submitted 2 years 101 days ago

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Border strategy evolves as trends shift
The number of illegal immigrants caught crossing the Mexican border with the United States has gone down every year since 2006, according to the U.S. Border Patrol, from about 1.1 million to 327,577 last year. Apprehensions are down an astounding 80 percent since 2000, when more than 1.6 million illegal immigrants were caught trying to sneak into the country, and are at levels not seen since 1971. The Border Patrol thinks the time has arrived to take what it has learned over the past several years and put in place a new strategy for policing the border. The agency plans to use the intelligence it gathers to stop those who repeatedly cross illegally into the country, and it plans to pack in a lesson about consequences before it sends an illegal immigrant back across the border. Austin American-Statemans
Submitted 2 years 101 days ago

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Where is the Limbaugh bust?
JEFFERSON CITY • The Missouri Capitol has been abuzz today with talk about the bust of radio personality Rush Limbaugh that is slated to be placed in the Hall of Famous Missourians. Is it in the building or not? Sculptor E. Spencer Schubert updated his website with a post Monday that appeared to indicate that the bust is here — or was at least en route. Schubert has been working on the Limbaugh bust as well as one of Dred Scott — the ex-slave at the center of one of the nation’s most notorious Supreme Court cases. In Monday’s post, Schubert wrote: “On the way to Jeff City to deliver Dred and Rush,” noting that he wasn’t the only one traveling on I-70 with “strange cargo.” StlToday.com
Submitted 2 years 101 days ago

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Groups pushing to elect more women in the South
WASHINGTON — Heather McTeer lost her long-shot bid to unseat Democratic Rep. Bennie Thompson in Mississippi’s March primary. But she hopes her attempt encourages other women in the South to run for office — whether for a seat on the school board or in Congress. “Women need to see other women running,” said McTeer, former mayor of Greenville, Miss. “Regardless of what it looks like, we have a voice, and a voice that absolutely must be heard.” McTeer is helping to recruit women to run for elective office in Alabama, Arkansas, Louisiana, Mississippi and Tennessee for a group called She Should Run, which said its mission is to dramatically increase the number of women serving in public leadership. Montgomery Advertiser
Submitted 2 years 101 days ago

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Tourism nets nearly $12B in Kentucky last year
The overall economic impact of the tourism industry in Kentucky grew slightly to nearly $12 billion last year despite the lingering recession. Gov. Steve Beshear said Monday a newly released survey showing nearly 170,000 tourism-related jobs in Kentucky underscores the importance of the industry. The survey showed that the tourism jobs generated more than $2.6 billion in wages, an increase of $76 million over 2010. In addition, tourism generated $1.2 billion in tax revenues. BGDailynews.com
Submitted 2 years 101 days ago

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State probes possible voting by foreigners in Florida
Thousands of foreign citizens — particularly in South Florida — might be registered to vote in Florida and could have unlawfully cast ballots in previous elections. The potential problem is largest in Florida’s largest county: Miami-Dade, where the elections supervisor is examining 2,000 potentially unlawful voters, WFOR-CBS?4 News reported Tuesday. Broward is examining 260 suspected foreign voters. One suspected noncitizen voter has been registered for about 40 years, CBS?4 found. Over the past year, the Florida Division of Elections has begun identifying potential foreigners on the rolls in coordination with the Department of Highway Safety and Motor Vehicles, Division of Elections spokesman Chris Cate told The Miami Herald. He said the state has forwarded the names to county elections supervisors, who are in charge of the rolls. Miami Herald
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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