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Obama Can Only Say Factory Jobs Return Still Being Offset
President Barack Obama said last month he had “good news”: lost American jobs are returning to the U.S. “For a lot of businesses,” the president said at a May 8 event in Albany, New York, “it’s now starting to make sense to bring jobs back home.” For many other businesses, however, it still makes sense to ship them abroad. The net effect of this two-way traffic on the labor market has been virtually invisible so far and -- contrary to the administration’s claims about what is known as “reshoring” -- will be for years, manufacturing specialists and economists say. “Our conclusion was a net zero,” says Michael Janssen, author of a new study of the trend for the Hackett Group, a Miami-based consultancy. “Some of these jobs that are coming back get a lot of press. But there are just as many that get no press coverage still going offshore.” Bloomberg
Submitted 2 years 118 days ago

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Nissan to add Sentra output in Mississippi
NASHVILLE -- Nissan North America, struggling to keep pace with demand in Mexico and setting ambitious sales targets for the next-generation Sentra, said today it will build the 2013 Sentra at a second North American site, in Canton, Miss. The automaker told employees at the Mississippi plant that it will add 600 workers there, boosting the factory's work force to 4,500, to launch the next-generation Sentra late this year. The compact car will be redesigned for the 2013 model year and Nissan officials hope it will be a more serious rival to the segment leaders: the Toyota Corolla and Honda Civic. Those cars routinely outsell the Sentra by roughly a 2-1 ratio. Automotive News. For more information on the South's automotive industry, go to www.SouthernAutoCorridor.com.
Submitted 2 years 118 days ago

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Nissan adding 1,000 jobs, Sentra production to Mississippi facility
CANTON — Gov. Phil Bryant and officials from Nissan North America announced today the Japanese automaker is expanding its Canton operation in a move that will create 1,000 new jobs. The plant will be adding production of the Nissan Sentra compact car to the plant’s production line-up. “Nissan has been a valued member of our state and local business communities and a leading employer in Mississippi for nearly a decade,” Bryant said. “Nissan’s trust in Mississippi’s workforce is evident, and I am proud that this company is creating 1,000 additional jobs for hard-working Mississippians. This expansion is proof that ‘Mississippi Works’ and is a superb place for business.” Clarion-Ledger
Submitted 2 years 118 days ago

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Alabama leads nation in reading improvement, report shows
Alabama leads the nation in students' reading gains, according to a new report out this week. The Southern Regional Education Board's report, "A Decade of Progress," looks back at each state's and the region's education achievements since 2002, according to a news release from the SREB. According to the report, Alabama led the nation in fourth-grade reading improvement at the basic level on the National Assessment of Educational Progress from 2003 to 2011. The percentage of fourth-graders who scored at or above the basic level in reading rose 15 points over that period, while the national percentage rose four points, the report shows. The Huntsville Times
Submitted 2 years 118 days ago

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Katrina Comeback Makes New Orleans Fastest-Growing City
New Orleans, in danger seven years ago of being reduced to a “Sliver by the River,” grew faster than any other major U.S. city in the 15 months after the 2010 decennial headcount, the U.S. Census Bureau announced today. Ravaged in 2005 by hurricanes Katrina and Rita, the city grew 4.9 percent from April 2010 to July 2011, increasing its population to 360,740. In the year after the hurricanes, the city’s population fell to 223,388 from its pre-storm tally of 452,170, the Census Bureau estimated. The magnitude of population loss after Katrina overwhelmed New Orleans’ protective levees means the city has needed to add relatively few people to rank among the fastest-growing places in the nation since 2007. It also has been aided by billions in federal reconstruction dollars and a healthy tourism industry. “You’re getting a lot of people coming home,” Douglas Brinkley, a Rice University historian and the author of “The Great Deluge,” about the disaster, said in a telephone interview. “It’s a beehive of activity.” Bloomberg
Submitted 2 years 118 days ago

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Houston's Strip Clubs Hit by New 'Pole Tax' (video)
The city of Houston is turning to an unusual source to help fund rape investigations: strip clubs. The City Council passed an ordinance Wednesday that requires strip clubs to pay a $5-per-visitor fee to help pay for the analysis of biological evidence collected from rape victims in hopes of identifying their attackers. Police in Houston, and in many other parts of the U.S., lack the money to promptly analyze evidence such as hair particles and blood specimens, gathered by investigators in packets known as rape kits. Houston estimates it has 6,000 rape kits that have yet to be scrutinized by crime laboratories. The Wall Street Journal
Submitted 2 years 118 days ago

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Electricity woes could leave Texas with a black eye
Texas markets itself as a business friendly state that’s weathered the economic slowdown. But as NPR’s StateImpact asks, what could rolling blackouts or energy demand woes do to the state’s reputation? The Public Utility Commission voted today to raise the wholesale electricity cap this summer and over the next few years to spur to build more power plants. In the meantime, the state is walking a fine line between power conservation and creating an inviting environment for businesses. “We want to get the message out of reduced usage during peak demand…At the same time, we want to get the message out ‘Texas is open for business,’” PUC Chairwoman Donna Nelson told NPR. Nelson said it is a fine line between urging people to conserve and telling them blackouts will be necessary if they don’t. Houston Chronicle
Submitted 2 years 118 days ago

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With Airbus, Mobile, Ala. economy changes for the better (Press-Register editorial)
MOVE OVER, Boeing. Airbus is going to put jets together in Mobile. The economic ramifications are awesome. Everyone on the central Gulf Coast can forget all about that Air Force tanker contest Boeing won. The amount of investment in a plant at Brookley, the number of employees and all the rest of the details will come out later. Suffice to say that the investment to assemble Airbus A320neo jets -- to replace the company’s best-selling A320 -- will be huge. The Airbus plant also means a large number of well-paying jobs and a jump-start to economic recovery for Mobile, Baldwin County, coastal Mississippi and Pensacola. The A320neo will be in direct competition with Boeing’s 737. There are many excellent reasons why Airbus will be well-positioned to get a sizable share of the American jet market, and Alabama’s status as a right-to-work state is just one of them. Mobile Press-Register
Submitted 2 years 118 days ago

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Nashville-based HCA, parent of Medical City Dallas, applauds better health care access because of Supreme Court ruling
HCA, the giant hospital company, is based in Nashville, but owns Medical City Dallas Hospital and is one of the largest health care providers in North Texas. Here is the company’s statement after today’s Supreme Court ruling: “We will continue to work with patients, payors and the government to ensure a smooth transition as the provisions of the law are enacted. We are pleased that millions of Americans will have coverage for better access to vital medical services, preventive care and acute care.” Dallas Morning News
Submitted 2 years 118 days ago

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Airbus eagle has landed
MOBILE, Alabama -- Finally... the Airbus eagle has landed. Mobile's French connection has been formally revived. We're gonna build us some planes ,y'all. Read all about it in George Talbot's Press-Register story. Airbus will announce Monday in Mobile its plan to build A320 aircraft at the city's Brookley Aeroplex, opening a new era of jet production in Alabama and giving the European company its first production site on U.S. soil. Multiple company, state and local officials confirmed that an agreement was in place to bring Airbus to Mobile, and that company president Fabrice Bregier was scheduled to announce the project at a 10 a.m. news conference at the Mobile Convention Center. Mobile Press-Register
Submitted 2 years 118 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     
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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