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Braves, Cobb detail stadium construction schedule
For the first time, the Atlanta Braves and Cobb County have spelled out a detailed schedule for building the team’s planned new stadium near Cumberland Mall. The schedule, included in a request for proposals from general contractors interested in managing the construction project, calls for site clearing to begin in mid-summer and stadium building to begin early next year. AJC.com
Submitted 2 years 105 days ago

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Nissan providing free charging for Leaf buyers
Nissan will provide two years of free public charging for customers who buy or lease a new Leaf electric car in the top 25 sales markets, including Nashville, beginning July 1. Under the “No Charge to Charge” program, consumers will receive a special EZ-Charge access card with the purchase or lease of a Leaf that allows them to recharge the car’s lithium-ion battery pack at public charging stations operated by a variety of vendors, including ChargePoint, Blink Network (CarCharging Group), AeroVironment and NRG eVgo. Tennessean.com
Submitted 2 years 105 days ago

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Texas crude production hits highest level since 1980
HOUSTON — An index that measures oil and gas activity in Texas has reached a record level, bolstered by rising production and wellhead prices, its creators announced this week. The Texas Petro Index hit the record in February, buoyed by daily crude production levels that soared to the state’s highest level since 1980, said Karr Ingham, the economist who created the index. February crude production in Texas reached an estimated 77.2 million barrels — up 22.4 percent from the same time period in 2013. FuelFix.com
Submitted 2 years 105 days ago

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Texas physicians generating billions of dollars in economic impact
Texas physician practices have a profound impact on the state’s economy. A new study released by the American Medical Association finds that there are more than 47,000 practicing physicians in Texas who support in excess of 522,000 additional jobs and generate $78.6 billion in economic activity annually. “The bottom line is that Texas’ physician practices, without a doubt, are good for the economic health of our communities and our state,” says Texas Medical Association (TMA) President Dr. Stephen L. Brotherton. BizJournals.com
Submitted 2 years 105 days ago

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First look: Hyundai takes the wraps off its redesigned, Alabama-made Sonata sedan in New York
Hyundai unveiled the redesigned 2015 Sonata sedan at the New York International Auto Show today, with an assist from the hands who build the model in Alabama. The reveal ceremony at the Jacob Javits Center featured recorded testimonials from state workers, as well as a live feed from the Montgomery plant, which held its own event marking the new Sonata's debut. Hyundai Motor America Chief Executive Dave Zuchowski emphasized the model's key role in the company. AL.com
Submitted 2 years 105 days ago

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Study: Spending cuts threaten Newport News Shipbuilding, carrier, sub fleet
A Pentagon report released Tuesday spells out more consequences for Newport News Shipbuilding if automatic budget cuts return in 2016: The Navy would purchase one less submarine and delay delivery of the next Ford-class carrier. Cuts would be spread throughout the services, affecting weapons programs, personnel levels and military construction projects. "Overall, sequester-level cuts would result in a military that is too small to fully meet the requirements of our strategy, thereby significantly increasing national security risks both in the short- and long-term," reads a statement accompanying the report. Daily Press
Submitted 2 years 105 days ago

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Sen. Tim Kaine tours Newport News Shipbuilding and NASA Langley in Hampton
Newport News Shipbuilding and NASA Langley Research Center in Hampton are feeling the pinch of budget uncertainty in Washington, but Sen. Tim Kaine says Congress might clear that up in the coming weeks. The Virginia Democrat toured both facilities Tuesday, and at the shipyard brought an influential colleague to share the sights. Sen. Jack Reed, D-R.I., chairs the seapower panel of the Senate Armed Services Committee. Kaine is member of that panel, and they spent four hours at the sprawling yard, looking at aircraft carrier construction and maintenance, submarine programs and the apprentice school, Kaine said. Daily Press
Submitted 2 years 105 days ago

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‘China Strategy’ puts Danville, Va., ahead
Danville is well-positioned to attract Chinese businesses and investments in existing businesses, according to consultants who have spent months studying the city’s strengths and China’s needs. David Iwinski Jr., managing director of Blue Water Growth, told Danville City Council on Tuesday night that China is poised to invest $1 trillion in the U.S. in the next year, and while Danville is certainly not the only city hoping to snag some of those dollars, it has done a lot toward getting a foot in the proverbial door. “You’re very early in the curve,” Iwinski said. “Most cities your size are worried about non-global issues.” Danville Register and Bee
Submitted 2 years 105 days ago

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Chinese furniture maker that promised jobs in Danville, Va., closes for restructuring
DANVILLE— A Chinese furniture maker in Danville has closed for restructuring. GOK International has planned to bring 600 jobs to the city, with half of those filled by 2016. The Register & Bee reported that Linwood Wright of Danville's economic development department told local officials of the restructuring on Monday. Another company recruited by GOK's CEO will be taking over GOK's lease. Richmond Times-Dispatch
Submitted 2 years 105 days ago

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Ten more Shining Examples of Economic Development that's working in the South
Each year SB&D uses its project capture data to feature markets in the South that are incredibly successful among their peers in job creation. Here are 10 markets in the South that were cited in our annual Ten Top 10s edition recently.
Submitted 2 years 105 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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