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Atlanta falls to No. 6 on ‘Most Frugal U.S. Cities’ list
Atlanta has dropped from No. 1 to No. 6 on a “Most Frugal U.S. Cities” list compiled each year by Coupons.com. Atlanta Business Chronicle
Submitted 2 years 108 days ago

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That's The Randle Report for Wednesday, April 9, 2014
Join us again tomorrow morning for all of the American South's business, economic development and political news in real time and in one place. Use the sort buttons or the search window above to find your favorite stories from yesterday, last week, last month or last year. Click on the headline to access Southern Business & Development magazine
Submitted 2 years 108 days ago

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Ingalls Shipbuilding to hire 2,500 craft workers at Pascagoula, Miss., shipyard this year
Ingalls Shipbuilding’s new President Brian Cuccias said today the Pascagoula shipyard is looking to hire 2,500 craft workers this year during a Huntington Ingalls Industries overview at the Navy League Sea Air Space 2014 Expo in Washington. “We’re well on our way to that,” said Cuccias, noting that Mississippi's largest employer now has 12,000 workers. "We have a real push to pull veterans into the yard.” The shipyard has a $10 billion backlog of work into 2018, including a $3.3 billion contract to build five DDG 51 class ships. On the more immediate front, Ingalls will deliver amphibious assault ship America (LHA 6) to the Navy on Thursday. Mississippi Press
Submitted 2 years 108 days ago

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Four years after BP Deepwater Horizon oil spill, Gulf species show grim signs of mortality and infection, report says
MOBILE, Alabama -- The question lurks in the minds of scientists, a far-off conclusion that wanes as the years roll by: How long before we know the true impact of the oil spill? There have been many signs, researchers say, that several animals and other living species in the Gulf of Mexico have experienced exceptional loss of life since the Deepwater Horizon oil spill. The National Wildlife Federation believes the grim statistics are reason for concern, as most of the long-term effects of the spill linger. “Despite what BP would have you believe, the impacts of the disaster are ongoing,” said Sara Gonzalez-Rothi, the National Wildlife Federation’s senior policy specialist for Gulf and coastal restoration. AL.com
Submitted 2 years 108 days ago

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Arlington hosting sports world’s next big event
ARLINGTON — Back in the planning stages of what has become AT&T Stadium, Arlington mayor Robert Cluck made a phone call to Dallas Cowboys owner Jerry Jones to suggest a venue in his city as the future home of the local NFL franchise. Jones, stymied in efforts to relocate the team to a new stadium in Dallas, listened intently. He discovered a kindred spirit who also envisioned a wide variety of sports and other events unfolding under the domed roof of what has emerged as an iconic $1.2 billion stadium, with $325 million contributed by Arlington taxpayers. Star-Telegram.com
Submitted 2 years 108 days ago

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Grid operator endorses $590M power project for Houston area
HOUSTON — The state’s electric grid operator endorsed $590 million in upgrades designed to improve electric reliability in the Houston area. Officials with the Electric Reliability Council of Texas said that Houston is one of the most congested spots in the state’s grid, and the upgrades are necessary to ensure performance of the system in the region. FuelFix.com
Submitted 2 years 108 days ago

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Enovate Medical adding 410 jobs in Murfreesboro
MURFREESBORO -- Health-care equipment maker Enovate Medical said Wednesday it will move its headquarters and other operations to Murfreesboro from Canton, Mich., later this year, creating 410 new jobs in Rutherford County over the next five years. The company will close its plant, headquarters and research facilities in Michigan and consolidate them at the Enovate plant on Park Avenue in Murfreesboro by October, said Nick Mendez, Enovate's president and CEO. Tennessean.com
Submitted 2 years 108 days ago

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Georgia workforce agency moving under economic development
The state’s workforce development agency is moving under the banner of the Georgia Department of Economic Development in a move state leaders said Wednesday will more closely align job-readiness programs with Georgia’s business recruitment and retention efforts. The Governor’s Office of Workforce Development will become the workforce division of the state economic development agency. AJC.com
Submitted 2 years 108 days ago

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NCAA officials happy with 2014 Final Four, express interest in return
AT&T Stadium in Arlington earned its share of believers as a Final Four venue in its debut in that role, with multiple NCAA administrators offering praise at the conclusion of a long weekend marked by record-setting crowds and minimal traffic snarls. Dan Gavitt, NCAA vice president of men’s basketball championships, offered his blessing for a future Final Four in Arlington after watching the venue set three attendance records by the conclusion of Monday night’s title game: best-attended Final Four (158,682 for two sessions), largest crowd for an NCAA championship game (79,238 on Monday night) and largest single-day crowd for a college basketball game (79,444 for Saturday’s semifinal doubleheader). Star-Telegram
Submitted 2 years 108 days ago

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Houston among nation’s most affordable major metro areas, for now
Houston home prices keep shooting up, but they’re still among the most affordable in the nation, a new report showed. ZipRealty, an online residential brokerage firm, examined median home sales prices in 30 metro areas and estimated family income data from the Department of Housing & Urban Development to generate a ranking based on affordability. Houston ranked No. 8 , with a median sales price of $185,00 in February and an estimated family income of $66,000 in 2014. Houston’s affordability index of 2.8 means the median price house is 2.8 times the region’s estimated family income. The median sales prices used in the study represents single-family homes, townhomes and condos. Houston Chronicle
Submitted 2 years 108 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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