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Gov. Beshear Announces TeleTech to Create 700 Jobs in Hopkinsville, Ky.
Governor Steve Beshear today announced TeleTech Services Corporation, a subsidiary of TeleTech Holdings Inc., a leading global provider of technology-enabled customer experience solutions, will invest more than $12 million to open a state-of-the-art customer experience delivery center in Hopkinsville. The new operation will create 500-700 jobs over the next few years. “TeleTech is a global leader in the industry of customer experience, and we’re thrilled to see this type of growth and investment in the Commonwealth,” Gov. Beshear said. “Hundreds of jobs mean hundreds of incomes for families, and that is outstanding news for Hopkinsville, which will reap the benefits for years to come.” Kentucky Cabinet for Economic Development
Submitted 2 years 103 days ago

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Dozens of TSA workers fired, suspended for screening violations
The Transportation Security Administration fired five employees and suspended 38 others on Friday for violating security procedures at Southwest Florida International Airport in Fort Myers, Fla. The security workers violated protocol by willfully not performing random checks, TSA found in an investigation. The violations occurred over a two-month period in 2011, TSA spokesman David Castelveter told msnbc.com. Southwest Florida International served about 7.5 million passengers in 2011. Msnbc.com
Submitted 2 years 103 days ago

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Obama administration's proposed tariff on Chinese solar panels raises fear of trade war
The Obama administration, still smarting from controversial investments in solar power firms like the now bankrupt Solyndra, has sparked fears of a trade war between the U.S. and China, as the Commerce Department signals it will likely slap a 31 percent tariff on all solar panel imports from China. While some, frustrated by the high U.S. unemployment, want punishment doled out to China, others say protectionism only hurts the consumers who are forced to pay more. Such a tariff has been pushed by companies that manufacture solar panels in the U.S., including Solar World, which has a plant in Hillsboro, Ore. “It’ll basically allow us to compete on technology,” Solar World president Gordon Brinser said, “just like everybody else in any other industry.” Foxnews.com
Submitted 2 years 103 days ago

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Shale gas could spark U.S. manufacturing revival
The natural gas drilling boom spreading across the U.S. could spark a revival in U.S. manufacturing and may lead to more than 1 million jobs by 2025, according to a group of economists. Robert McCutcheon, an economist with consulting group PwC, told The Cleveland Plain Dealer at a manufacturing summit in Cleveland that natural gas could provide manufacturing companies a cheap source of energy that ultimately could save them $11.5 billion in energy costs by 2025. “If we save $11.5 billion, that’s investment capital that could be redirected elsewhere,” he told The Plain Dealer. A study by PriceWaterhouseCoopers found low-cost energy could create as many 1 million new manufacturing jobs in the U.S. The report pointed to various projects, including several in Texas, as examples of an upward trend in the manufacturer sector. Fuelfix.com
Submitted 2 years 103 days ago

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Chesapeake shareholders will select four new board directors
Chesapeake Energy’s two largest shareholders will select replacements for four members of the beleaguered natural gas company’s board of directors, the company said Monday, in the latest indication that investors are pushing hard for a leadership change. Southeastern Asset Management, which owns 13.6 percent of the company’s common stock, and activist investor Carl Icahn, who owns 7.6 percent of stock, will name the new, independent directors. Southeastern Asset Management and Icahn have made it clear that the new board members are part of efforts to provide more transparency and control over the company’s financial dealings. Fuelfix.com
Submitted 2 years 103 days ago

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The Keynesian case for Romney
Even if you disagree with every one of Mitt Romney’s policies, there’s a chance he’s still the best candidate to lift the economy in 2013. That’s not because he has business experience. For all his bluster about the lessons taught by the private sector, his agenda is indistinguishable from that of career politician Paul Ryan. Nor is it because he’s demonstrated some special knowledge of what it takes to create jobs. Job growth in Massachusetts was notably slow under Romney’s tenure. It’s because if Romney is elected, Republicans won’t choose to crash the economy in 2013. Washingtonpost.com
Submitted 2 years 103 days ago

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Dems push for national debate on whether GOP is sabotaging economy
Harry Reid, on the Senate floor today speaking about GOP opposition to the Paycheck Fairness Act (transcript per his office): “Unfortunately, it seems Paycheck Fairness may have two strikes against it. It would good for women and good for the economy.” Obama senior adviser David Axelrod, on CBS yesterday, discussing the bad May jobs numbers and Republican obstruction of Obama’s job creation policies: “Instead of high-fiving each other on days when there is bad news, they should stop sitting on their hands and work on some of these answers.” And on Friday afternoon, in the wake of the release of the bad jobs numbers, Democratic National Committee executive director Patrick Gaspard went on MSNBC and accused Republicans of “cheerleading for failure.” Greg Sargent, Washingtonpost.com
Submitted 2 years 103 days ago

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Four companies may add 300 jobs in Louisville
Four companies were approved for tax incentives from the state and Louisville metro government on Thursday, based on plans that would bring a total of 300 jobs to Jefferson County, according to Greater Louisville Inc. and the Kentucky Economic Development Finance Authority. The companies, which will be able to claim the incentives over 10 years if they follow through with the plans, are: • Bourbon maker Beam Inc., which is considering establishing a Global Business Services Center in Louisville to support such functions as finance, accounting and human resources. Louisville Courier-Journal
Submitted 2 years 103 days ago

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UGA Trip to Deepen China Research Ties
The University of Georgia's top international educator is leading a trip to China this month in a bid to deepen partnerships with three major universities. Kavita Pandit, associate provost for international education, will be accompanied by academics from the schools of pharmacy and international affairs as well as the university's graduate research center. The group will visit Fudan University in Shanghai, where UGA has its strongest ties. The UGA School of Law has a summer program there, while the College of Pharmacy has a partnership addressing Food and Drug Administration regulations. Global Atlanta
Submitted 2 years 103 days ago

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Hampton Roads, Va. unemployment rate drops to 6.1%
The unemployment rate in Hampton Roads dropped to 6.1 percent last month, its lowest level in nearly 3-1/2 years. But don't pop open that bottle of champagne and declare the return of happy days just yet. "The trend is slightly positive," James Clary, an economist with the Hampton Roads Planning District Commission, said Wednesday. "But this isn't the kind of sustained growth that we'd expect to see during a recovery period."
Submitted 2 years 103 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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