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Georgia manufacturing shows signs of slowing
Manufacturing in Georgia and the rest of the nation declined last month as the economic recovery continues to experience fits and starts. Atlanta Journal Constitution
Submitted 2 years 111 days ago

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Mercedes-Benz kicks off production of the new C-Class
Mercedes-Benz has officially launched production of the redesigned C-Class at its plant in Bremen, Germany, the automaker said today. Production of the new sedan will begin at three other plants around the world within six months, including the company's Alabama plant. AL.com
Submitted 2 years 111 days ago

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Gov. Robert Bentley: Alabama's job-creation structure is in place, will pay off when economy improves
HOOVER, Alabama -- Alabama has a structure in place to create and maintain jobs, and as the economy improves, that organization will pay off for residents across the state, Gov. Robert Bentley said today. AL.com
Submitted 2 years 111 days ago

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Can you name the 10 areas more solidly Republican than Alabama? Hint: None are in the South
There are more Democratic-leaning states than Republican ones, a new Gallup poll shows, but solidly red states - a number that includes Alabama - are gaining on their blue counterparts. AL.com
Submitted 2 years 111 days ago

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This Alabama town could save $1 million if its employees switch to Obamacare
The town of Selma could save $1 million by switching from its current health care group plan with Blue Cross and Blue Shield of Alabama and instead buying individual coverage through the Affordable Care Act's marketplace. AL.com
Submitted 2 years 111 days ago

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That's The Randle Report for Tuesday, February 4, 2013
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 111 days ago

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Chinese TV report: Charlotte is the new corporate mecca
Charlotte's apparently making a name for itself in Chinese business circles. We received fairly dramatic evidence of that recently when a Chinese yarn manufacturer announced plans to open a big factory in Lancaster County and employ 500 people. Now comes this TV news report from China Central Television, a state TV broadcasting company in mainland China, that digs into the growing trend of Chinese firms setting up shop in Charlotte, and in the Carolinas more generally. The folks at the Charlotte Regional Partnership posted it on their site with good reason. It's virtually an ad for the business-friendly reception firms can get in Charlotte and the Carolinas. Charlotte Observer
Submitted 2 years 111 days ago

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Texas-based Exxon maneuvers through U.S. shale boom
Exxon Mobil is betting on the oil boom in West Texas continuing. The Irving-based corporation announced Monday that its subsidiary XTO Energy signed deals with two competitors to expand operations in the oil-rich Permian Basin in West Texas while shrinking its presence in the natural gas-rich Utica Shale in Ohio. Since the price of natural gas decreased in recent years, Exxon and the rest of the oil and gas industry have been shifting domestic drilling operations to focus on crude. “As things stand right now, Exxon’s domestic drilling program has been far more oil-focused given the obvious difference in price,” said Pavel Molchanov, an analyst with financial services firm Raymond James. “These are fairly small acreage moves for Exxon.” Dallas Morning News
Submitted 2 years 111 days ago

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Regions Bank Announces Additional $1.5 Billion Commitment to Loan Pool Designed to Fuel Job Growth in Alabama
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Bank (NYSE:RF) today announced the company exceeded its Alabama Economic Development Loan Pool commitment for 2013 and will expand its loan pool commitment in 2014. "The Alabama Economic Development Loan Pool reflects Regions' commitment to serving as the economic development bank of Alabama," said John Turner, South Region president for Regions Bank. "We are committed to helping companies grow and create more jobs. We are providing access to capital that helps drive business expansion and strengthen our economy. Already, this loan pool is supporting business growth and new opportunities for people across the state, and we will build on our commitment in 2014." Regions.com
Submitted 2 years 111 days ago

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Gov. Phil Bryant announces Mississippi Works job system
JACKSON, Mississippi — The state of Mississippi has unveiled an interactive resource to pair employers and jobs through the Internet and mobile applications. Gov. Phil Bryant and employment and industry officials announced the launch of the Mississippi Works program Monday. A website combines an integrated iPhone and Android mobile applications into a real-time, web-based system to help job seekers search for openings based on job type, location or academic degree required. Mississippi Press
Submitted 2 years 111 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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