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Get ready for rotten economic growth and Apple
(MoneyWatch) Earnings reports, regional manufacturing surveys and housing reports are all a warm-up for Friday's GDP report. The past few weeks of data have not been encouraging: The U.S. economy has added only an average of 75,000 jobs a month for the past three months; retail sales have fallen for three consecutive months; U.S. manufacturing contracted for the first time since the recession ended in 2009; and the JPMorgan Global Manufacturing PMI also fell below 50.
Submitted 2 years 122 days ago

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Georgia ports log annual increase
Georgia's ports posted another record year in fiscal 2012, port officials eported Monday, due largely to big increases in raw material and automobile exports and imports. The port of Savannah moved nearly 3 million containers — up 1.9 percent from fiscal 2011. Savannah is the nation's fourth busiest container port and second largest on the East Coast after New York/New Jersey. Atlanta Journal Constitution
Submitted 2 years 122 days ago

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Mark Richt says Georgia may pursue Penn State players
Penn State avoided the “death penalty Monday,” but NCAA sanctions were so severe — including a four-year bowl ban — that players are being allowed to transfer to another school without having to sit out a year. Will Georgia pounce? Possibly so. Coach Mark Richt said at a fans’ “UGA Day” Monday night, “Some colleges are going to be interested in some of their players, and we’re one of those schools. It’s pretty well-documented that we’re under our 85[-scholarship] limit. We’ll try to get in touch with some of these young men and see if they’re interested.” Atlanta Journal Constitution
Submitted 2 years 122 days ago

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Bobby Bowden becomes FBS all-time wins leader after Joe Paterno's wins vacated
(CBS/AP) Once-sainted coach Joe Paterno lost the respect of many for his alleged role in concealing the Jerry Sandusky sex abuse scandal. Now he's lost his place in the record books too. On Monday the NCAA vacated all Penn State victories from 1998-2011, which means Paterno will lose 111 wins. That means Former Florida State coach Bobby Bowden will now hold the top spot in the NCAA record book with 377 Division I Football Bowl Subdivision (FBS) wins. "I didn't want it to happen like this," Bowden said. "Wish I could have earned it, but that's the way it is."
Submitted 2 years 122 days ago

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Kia and Hyundai supplier to open plant in Columbus’ Corporate Ridge Business Park, employ 65 people
A South Korean company that makes floor mats and cargo trays for Kia, Hyundai and General Motors has chosen Columbus for its first U.S. plant, creating 65 jobs and investing $3 million in its facility.AFS America LLC, a subsidiary of NVH Korea Co. Ltd., said today it will open a production facility and warehouse in Corporate Ridge Business Park in east Columbus. The timeline calls for manufacturing to begin by the fourth quarter of this year, with operations ramping up through 2013. Columbus Ledger-Enquirer
Submitted 2 years 122 days ago

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The South's Best Economic Development Law Firms
If your company is undergoing a site search in the American South, this digital magazine of the South's best economic development law firms is a valuable asset. Southern Business & Development magazine recently conducted a survey of the region's economic development community and the results of the survey can be found in this digital magazine. Find out which law firms are considered the best in the practice of economic development. Click on the headline above. SB&D
Submitted 2 years 122 days ago

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Huntsville hires company to conduct economic development study

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Deal leads business mission to Switzerland and the Netherlands
Gov. Nathan Deal arrived today in Switzerland for an economic development mission that will focus on expanding business relationships there and in The Netherlands. The mission, which will conclude July 27, includes Commissioner Chris Cummiskey and other representatives of the Georgia Department of Economic Development. Mrs. Deal and Swiss Consul-General to the Southeastern U.S. Claudio Leoncavallo will also accompany the delegation. This is the third of four business trips Deal will make in 2012. Georgia.gov
Submitted 2 years 122 days ago

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Listen to Nick: Idea mentioned by Tide’s coach isn’t far-fetched lunacy
Credit Nick Saban for thinking of an alternative path. Last Thursday, the Alabama football coach was asked about the Penn State child sex-abuse scandal that’s rocked the sports landscape on the eve of the 2012 season. Speaking during the Southeastern Conference Media Days, Saban broached a novel idea that immediately drew national headlines. Why not install a tax on tickets to Penn State athletics events and donate the revenue to organizations that prevent child abuse? Anniston Star
Submitted 2 years 122 days ago

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That's The Randle Report for July 23, 2012
That's a wrap on The Randle Report for today. Feel free to use the sort buttons above or the search window to find your favorite stories from today, last week, last month or in the last year. If you are looking for more information on economic development in the South, click on the headline above to read Southern Business & Development magazine. If you want to keep up with the South's growing automotive industry, go to www.SouthernAutoCorridor.com.
Submitted 2 years 122 days ago

 

 

 

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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     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 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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