Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
14
Likes

Bet on U.S. Pays Off for Germany’s Carmakers
It was only a few years ago that some economists were arguing that Europe was “decoupling” from its long dependence on trade with the United States and predicting that the Continent’s future lay with the so-called tiger economies of Asia. German carmakers, at least, had a different vision of the future. The recovery in the United States auto market, which produced big earnings growth at Chrysler and Ford in their fourth quarters, has also been a boon for Germany’s big three — Daimler, BMW and Volkswagen. The double-digit increases in their American sales last year reflected an overall surge in demand by American buyers for European and, above all, German products. Well-designed vehicles and machinery, so coveted a Germany specialty that they can often fetch premium prices, were by far the biggest categories of European exports to the United States. As a result, overall German exports to America rose 24 percent in October from a year earlier, outpacing the 18 percent growth for euro zone exports to the United States. The New York Times
Submitted 2 years 145 days ago

4
Likes

Union backers say Nissan threatens to close Mississippi plant
JACKSON, Mississippi — (AP) Pro-union workers say Nissan Motor Co. has threatened to close its Canton, Miss., assembly plant if workers vote for the United Auto Workers to represent them. The company denies such threats, saying it "follows the law and always has." If true, such threats would violate federal law, which bars managers from telling employees they'll close a plant in retaliation for a pro-union vote. The UAW is targeting the 5,200-worker plant in an organizing campaign. Employees have yet to file a petition for election. In the meantime, the union is trying to push the Japanese automaker to allow it to present its case to workers. The company has refused. Mississippi Press
Submitted 2 years 145 days ago

0
Likes

Portland, Tenn., auto supplier expanding, adding 70 workers
U.S. Tsubaki Automotive LLC, a maker of chains for motor-vehicle engines and transmissions, said Tuesday that it would spend $1.9 million to expand a Portland, Tenn., manufacturing site and add 70 jobs. U.S. Tsubaki Automotive, a subsidiary of Japan’s Tsubakimoto Chain Co., makes chain-drive systems for engine and transmission applications, including cam drives, balancer drives and oil-pump drives. The Portland location, at 138 Davis St., is now used by another Tsubakimoto subsidiary, U.S. Tsubaki Holdings, to make conveyor systems for auto, electronics and textile manufacturing. It has about 60 workers. The Tennessean
Submitted 2 years 145 days ago

2
Likes

VW in Chattanooga cited as a top green power user nationally
Volkswagen’s Chattanooga plant has made a top 20 Environmental Protection Agency ranking for green power usage. The plant, which recently officially turned on its $25 million solar park, was named No. 11 on EPA’s list of the largest green power purchasers in the U.S. The solar park produces enough power to meet 12 percent of the Chattanooga factory’s electricity use. It’s the biggest solar installation at any U.S. auto factory, according to the German automaker. “Using green power helps our organization to improve our environmental efficiency according to Volkswagen’s Think Blue factory strategy and confirms our status as the only LEED Platinum certified auto plant in the world,” said Frank Fischer, CEO VW’s Chattanooga operations in a statement. Chattanooga Times Free Press
Submitted 2 years 145 days ago

5
Likes

Exploring Entrepreneurial Hubs off the Beaten Path
What makes an entrepreneurial ecosystem flourish outside of Silicon Valley? Can startups be successful anywhere in the U.S.? While “anywhere” may be too tall a task, there seems to be growing evidence that startup communities are getting stronger throughout the country. A September 2012 study from the Kauffman Foundation examining 30 years of Inc. 500 firm data showed a high numbers of fast-growing firms in concentrated in unexpected locations—like Salt Lake City, Indianapolis and Buffalo. That study pointed to a presence of a “highly skilled labor force” as the most critical factor—without it, factors like venture capital investment, research universities and federal R&D funding weren’t worth tracking. entrepreneurship.org
Submitted 2 years 145 days ago

0
Likes

Bold Recommendations from the South Carolina Capital Market Study
Columbia, SC – New Carolina - S.C. Council on Competitiveness announces the release of the South Carolina Capital Market Study prepared by the USC Faber Entrepreneurship Center and commissioned by New Carolina. The study, prepared with input from the S.C. Department of Commerce (SCDOC), provides state-level economic development policy makers with a better understanding of the capital gaps affecting homegrown South Carolina firms. The study outlines a series of recommendations to address the gaps identified through a survey of high growth South Carolina firms and interviews with financial and business executives. NewCarolina.org
Submitted 2 years 145 days ago

13
Likes

POLITICO Playback


Submitted 2 years 145 days ago

6
Likes

Experts: States Should Have More Active Role Aiding Distressed Municipalities
Experts say that states should take a more active role in municipal finances even with an improved outlook for city finances in 2013. Too often, whatever actions states do take when it comes to distressed cities within their borders is just a cursory one, said Carol O’Cleireacain, an economic advisor and member of the State Budget Task Force. She said that for some places, more drastic– albeit politically unpopular – mvoes were needed. “Part of what needs to happen with some of these states is to say there’s not a reason for some of these places to be here,” O’Cleireacain said Tuesday during a panel discussion at Governing’s Outlook in the States and Localities conference in Washington, D.C.. Governing.
Submitted 2 years 145 days ago

5
Likes

Will Texas ever cash in on casino gambling?
ALONG THE RED RIVER -- Nona Dean has a weekly ritual. She and her husband leave their Denton home, cross the Red River and head to WinStar World Casino in Oklahoma, ready to take their chances on slot machines. "We just do it for fun," she said. "We don't do anything else [for entertainment]. This is our fun." But if she had the chance to gamble at a casino in Texas, where tax dollars could go to funding state needs such as education, she'd do it in a heartbeat, she said. "Our money would stay in Texas," she said. She and many other Texans drive to neighboring states -- Oklahoma, Louisiana, New Mexico -- and spend billions of dollars a year playing machines and tables and dabbling in off-track betting. The Star-Telegram
Submitted 2 years 145 days ago

0
Likes

Fracking risks rise here
Tennessee for years has had a few lightly regulated natural gas wells in several north Tennessee counties. But with the rise of new techniques for hydraulic fracturing, or “fracking,” of deep shale deposits to release natural gas, those counties and others in northwest and southeast Tennessee — including Hamilton County — are now expected to become players in the national shale fracking industry. That may enrich the gas industry, but under the state’s lamentably lax environmental laws, fracking is likely to threaten public water supplies with toxic pollution, and run the risk of air contaminated by radon, methane and other potent toxins. Chattanooga Times Free Press
Submitted 2 years 145 days ago

 

 

 

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.
 


 

 

Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2015 Randle Report
All of the South's Business News, Political News, and Economic Development News in One Place
Login