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New waterfront condos disappearing from market in Tampa Bay
Time is running out for people seeking new luxury condos in waterfront towers as the last of the units built during the go-go days fill up in Tampa Bay. Water's Edge, overlooking Clearwater Harbor, is the latest tower headed toward selling out after new owners slashed prices nearly 40 percent. The project — once destined for doom after the developer filed bankruptcy in 2009 — is expected to fill up in the coming months as only 30 units remain. The same story has played out in the last year in downtown St. Petersburg and downtown Tampa. Luxury towers have sold quickly after developers, owners and banks cut prices. Another key factor is that developers didn't overbuild this region as they have in other waterfront cities. Tampa Bay Times
Submitted 2 years 63 days ago

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Do you know where the major automotive assembly plants are in the Southern Automotive Corridor?
SouthernAutoCorridor.com has a neat map that tells you where all 19 major automotive assembly plants are in the South and it identifies the each automaker. That map is going to have some new ones on there soon as Hyundai, Audi and Volvo are all scouting sites in the South for new plants. There is also a rumor that BMW is, too. SouthernAutoCorridor.com
Submitted 2 years 63 days ago

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Gas well inspections to be required after fracking, Salazar says
Natural-gas drillers will be required by U.S. rules to inspect their wells after hydraulic fracturing on public land to ensure the safety of drinking-water supplies, Interior Secretary Ken Salazar said. FuelFix.com/Bloomberg.com
Submitted 2 years 63 days ago

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Charlotte-based BofA sees big growth potential in health savings accounts
Bank of America Corp. is seeing record growth in its health savings account business as health care costs continue to rise and employers shift more responsibility onto their workers, the bank said today. Health savings accounts grew by more than a third in 2011, with 50,000 new accounts from existing corporate clients and new relationships with employers and individuals, the bank said. The products are the fastest-growing of the health benefits the Charlotte bank offers, part of a broader business that provides retirement and benefit plans. Charlotte Observer
Submitted 2 years 63 days ago

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Midmarket Eagle Ford drillers have shot at funds
Midsize oil producers with solid track records in the Eagle Ford Shale will find it easier to borrow money, an expert said Monday at a series of seminars sponsored by the Texas Alliance of Energy Producers. Vicki Vaughan, FuelFix.com
Submitted 2 years 63 days ago

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Greenpeace activists scale power plant stack
Sixteen Greenpeace activists were arrested Monday after some scaled a smokestack at Progress Energy's coal-fired Asheville plant and unfurled a banner protesting the proposed Duke Energy-Progress merger. Keiller MacDuff, a spokeswoman for the group, said climbers reached the top of the stack, which she said is 400 feet high. They unfurled a banner: "Duke Energy: the climate needs real Progress." The action is part of a Greenpeace campaign targeting Charlotte-based Duke and Raleigh-based Progress, whose merger has been delayed by federal regulators. Charlotte Observer
Submitted 2 years 63 days ago

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Alabama bingo trial: Casino lobbyist testifies Sen. Larry Means didn't 'say' he wanted to swap money for vote, but he implied it
MONTGOMERY, Alabama --- A casino lobbyist said this morning that former Sen. Larry Means never said he wanted a campaign contribution in exchange for his vote on a gambling bill. But she said he implied it. Kim Chandler, The Birmingham News.
Submitted 2 years 63 days ago

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Top 10 employment deals announced in the South last quarter
Which companies accounted for the largest projects last quarter in the American South? Click on the headline above to find out. SB&D
Submitted 2 years 63 days ago

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Video: Check out NASA's vision for the big new rocket being developed in Huntsville
HUNTSVILLE, Alabama - NASA invited more than 100 business and academic leaders to the Marshall Space Flight Center Tuesday to invite their proposals for building future phases of the space agency's new deep-space rocket. The first thing they saw was the video below. That new rocket system, known at NASA as the Space Launch System (SLS), is being developed at Marshall. More than 2,000 people - 900 NASA civil servants and 1,200 contractor employees - are already working on it. Lee Roop, The Huntsville Times.
Submitted 2 years 63 days ago

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ADEM fines Mobile, forces it into consent decree for failure to monitor stormwater runoff
MOBILE, Alabama -- After years of failure to fully monitor what its storm drains flush into the bay, Mobile has been fined and forced by the Alabama Department of Environmental Management to enter into a consent decree. Robert McClendon, Press-Register
Submitted 2 years 63 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Reshoring manufacturing capacity from primarily Asia to the South and Mexico is now a common thing to do and it's all about money. When China joined the World Trade Organization in 2001, the average manufacturing wage in China's Pearl River Delta (PRD) was about 58 cents an hour.

 Randle Report - Business News in the South

 FEATURE  
By Dr. Glen Fenter
Desperation sometimes masks itself in acceptance. Such was the case for Takelia Carter of Marion, Ark. For Carter, the mother of six school-age children in a low paying job, desperation was normative existence. This was her life in Crittenden County, Ark., deep in the Delta where unfortunately one in four families lives well below the poverty level.
 

 Business News in the South - Randle Report

FEATURE     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 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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