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Living in Birmingham not good for your wallet
Birmingham is the fifth worst city in the nation for “wallet wellness” - the correlation between physical, emotional and financial well being, according to a recent report by WalletHub.com. Birmingham Business Journal
Submitted 2 years 108 days ago

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Tennessee transportation funding reflects federal uncertainty
With $302 billion in federal transportation funding still hanging in the balance, the Tennessee Department of Transportation isn't rushing into any new projects. Nashville Business Journal
Submitted 2 years 108 days ago

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Chattanooga job growth on the rebound
Employers in metropolitan Chattanooga added 1,900 jobs last year, but at that pace it will still take another six years to recover all of the local jobs lost during the Great Recession. Chattanooga Times Free-Press
Submitted 2 years 108 days ago

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HuffPo lauds ATL as ‘Big American City You’ve Been Missing Out On’
You know Atlanta is awesome. Now Huffington Post wants the rest of the world to know. Atlanta Business Chronicle
Submitted 2 years 108 days ago

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Metropolitan Jobs Recovery? Not Yet
The Friday jobs report was decent in spots and prompted some relieved commentary. Plenty of headlines touted that the U.S. private sector had crossed an important milestone by at last regaining the jobs lost in the Great Recession. Brookings.edu
Submitted 2 years 108 days ago

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Naturally attractive, Miami area is magnet for creative-tech
Music, visual arts, film, fashion. With Miami and Miami Beach already a magnet for the creative industries, adding tech should be a natural attraction. The makings of a vibrant creative-tech hub gained traction last week at the inaugural MIA Music Summit and its accompanying music hackathon. The events attracted about 500 entrepreneurs, music industry executives, investors and service providers. “That was a reinforcement that we were on to something, and it is a foundation to build upon,” said Derrick Ashong, who served as master of ceremonies for the summit featuring 40 industry speakers. Miami Herald
Submitted 2 years 108 days ago

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Aventura approves 7-acre development
Aventura commissioners last week approved a development featuring a hotel, offices and residential units. Developer Aventura Land Ventures LLC plans to build the complex on 7.4 acres of vacant land on Northeast 207th Street, also known as Waterways Boulevard, between 29th and 30th avenues. The project will include a 230-room hotel, a medical office building and a 200-bed assisted living facility. A six-level parking garage will be included in the medical office building. All three of the buildings are expected to be 10 stories high. Miami Herald
Submitted 2 years 108 days ago

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Charlotte, Triangle hogging majority of new jobs during recovery
During the recovery from the Great Recession, North Carolina’s two largest metro areas, Charlotte and the Triangle, have accounted for nearly 70 percent of all new jobs statewide, even as they account for only 42 percent of all N.C. employment. Charlotte Business Journal
Submitted 2 years 108 days ago

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Tennessee governor stands against VW tossing out election and accepting UAW
NASHVILLE -- Gov. Bill Haslam said today he doesn't favor Volkswagen recognizing the United Auto Workers based on union authorization cards after plant employees narrowly voted against unionization in February. Chattanooga Times Free-Press
Submitted 2 years 108 days ago

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Anti-union group says Volkswagen may ignore election results, accept union
New allegations surfaced Monday regarding continued efforts to unionize the local Volkswagen plant. Leaders with the Center for Worker Freedom—which is an anti-union organization—said in a news release Monday that Volkswagen management is considering allowing the United Auto Workers to represent the local plant's workers, despite the fact that VW employees voted down union representation in February. nooga.com
Submitted 2 years 108 days ago

 

 

 

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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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