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Medicaid expansion effort in Florida could get sunnier in 2015
Winter has just started, but the heat could be rising soon on Florida to expand its Medicaid program under Obamacare. Florida so far has resisted calls and significant financial incentives to expand Medicaid eligibility for nearly all poor adults—a move that could offer health coverage to 670,000 or more currently uninsured people in the state. CNBC
Submitted 2 years 84 days ago

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Florida to increase minimum wage Thursday
On New Year's Day, Florida's minimum wage will increase by 12 cents to $8.05 per hour, benefiting an estimated 364,000 low-wage workers in the state. The minimum wage for tipped workers in Florida will rise by 12 cents to $5.03 per hour. The increased consumer spending generated by Florida's minimum wage increase will boost economic growth by $38.7 million, according to an analysis of Census data by the nonpartisan Economic Policy Institute. Florida's minimum wage increase is the result of a state constitutional amendment approved in 2004 that provides for annual rate adjustments to keep pace with the rising cost of living. wtsp.com
Submitted 2 years 84 days ago

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Will Florida finally do right on same-sex marriage?
Today could be a historic day. Monday December 29, the day the state of Florida gets on the right side of history and allows county clerks to begin accepting marriage licenses for same-sex marriages. Sun-Sentinel
Submitted 2 years 84 days ago

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The year in business: Bourbon thrived, but much of the state's economy just treaded water
Kentucky bourbon had a record-setting year in 2014, but was rare bright spot in the state's economy. The Kentucky Chamber of Commerce said Kentucky's 2014 economy lagged behind that of the nation. Despite that, Toyota got ready to add Lexus production to its behemoth Scott County operation; Lexmark continued its evolution as a company that combines services with hardware to provide business solutions and Lexington got a Cheesecake Factory that warmed the sweet tooth of Central Kentuckians like the opening of no other restaurant this year. Kentucky.com
Submitted 2 years 84 days ago

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Christmas is over — it’s time to throw your tree to the goats
There’s only one time of year when millions of people chop down (or, if less lumberjack-inclined, purchase) a solitary conifer, prop it up next to the futon, and then toss it out with the garbage a few weeks later. All of those dead pines and spruces accumulate in landfills, where they act as a giant piles of kindling. In a drought-ridden place like California, this is not a hot idea — so a group of clever farmers and firefighters has found a solution … in goats. Grist
Submitted 2 years 84 days ago

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Study: Port of Virginia has $60.3 billion economic impact
NORFOLK, Va. (AP) - A study by the College of William and Mary says the Port of Virginia's economic impact in Virginia is more than $60 billion. The port contracted with the college's business school to measure its economic impact on the commonwealth during the 2013 fiscal year. NBC12.com
Submitted 2 years 84 days ago

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As Northern Virginia bleeds federal jobs, McAuliffe pivots to private sector
In a newly released report, Virginia Gov. Terry McAuliffe (D) sets priorities for improving the commonwealth’s economy, and there is reason to think Virginia — and the Northern Virginia suburbs in particular — are in need of a turnaround. Washington Post
Submitted 2 years 84 days ago

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Virginia holds more than $1 billion worth of unclaimed property
NORFOLK, Va. (AP) - More than $1 billion worth of property is waiting to be claimed in Virginia. Typically, unclaimed property includes items from abandoned safety deposit boxes and money from bank accounts, stocks, dividends, insurance claims, utility deposits or paychecks. wdbj7.com
Submitted 2 years 84 days ago

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Former Virginia governor Bob McDonnell’s downfall is wife’s fault, daughter says
One of former Virginia governor Robert F. McDonnell’s daughters says his stunning downfall and conviction on public corruption charges can largely be attributed to the corrosive effects of just one person: her mother. Washington Post
Submitted 2 years 84 days ago

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Race and the race
Bobby Jindal is Indian-American, but you’ll never hear him describe himself that way. Marco Rubio insists he’s an “American of Hispanic descent.” And Ted Cruz “certainly” identifies as Hispanic, but he didn’t run for office as “the Hispanic guy.” These Republican lawmakers, along with African-American conservative favorite Ben Carson, look poised to make the 2016 GOP presidential field the party’s most diverse ever. They are all mulling over White House runs as the GOP continues to struggle with minority voters and as racial tensions over police conduct have captivated the nation. Politico
Submitted 2 years 84 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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