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The Second Machine Age and Economic Development
Upon finishing The Second Machine Age, written by MIT's Erik Brynjolfsson and Andrew McAfee, it feels like innovation is swiftly overtaking the world -- ready or not. As Wired's Kevin Kelly puts it, "technology is overturning the world's economies, and [this] is the best explanation of this revolution yet written." This isn't just happening in the so-called "developed" world, either. As the authors put it: Huffington Post
Submitted 2 years 111 days ago

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Hunt Emphasizes Link Between Education, Economic Development
In a visit to Wilmington on Wednesday, former Gov. Jim Hunt said that education is the largest challenge facing North Carolina today. Hunt, in town to speak at the Children’s Museum of Wilmington’s Great Friend to Kids awards event, made that point to a group of local high school students before addressing the audience at the awards luncheon, held at Cape Fear Community College’s Union Station. wilmingtonbiz.com
Submitted 2 years 111 days ago

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Horizon City saves thousands for future economic development
HORIZON CITY, Texas -- Money from taxes could mean more jobs in Horizon City. A quarter of a cent from the sales tax on each purchase made in Horizon City is set aside for economic development. kfoxtv.com
Submitted 2 years 111 days ago

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Staunton Hires New Assistant Director of Economic Development
STAUNTON, Va. -- The City of Staunton announces the selection of Courtland Robinson as Assistant Director of Economic Development. whsv.com
Submitted 2 years 111 days ago

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Decatur council meets in secret to discuss unnamed economic development project
DECATUR, Alabama – The Decatur City Council went into executive session this afternoon during a special-called meeting to discuss a proposed economic development deal in Decatur. City Council President Gary Hammon wouldn't give details about the project after the meeting, but said "everything will be a lot clearer" when the council convenes Monday afternoon at City Hall. AL.com
Submitted 2 years 111 days ago

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Forsyth Tech part of initiative to help vets get manufacturing jobs
Forsyth Technical Community College is one of the first 50 colleges to join the Get Skills to Work Initiative, a partnership among more than 500 manufacturing companies, nonprofit organizations and institutions of higher education to expand training and certification opportunities for veterans in advanced manufacturing. Triangle Business Journal
Submitted 2 years 111 days ago

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Va manufacturing research center gets new partner
PRINCE GEORGE, Va. -- An advanced manufacturing research center in Prince George County is partnering with the Defense Department. Officials say the Commonwealth Center for Advanced Manufacturing will partner in the new public-private Digital Manufacturing and Design Innovation Institute. sacbee.com
Submitted 2 years 111 days ago

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Rick Perry Calls for Rebellion on Battlefield of Ideas
Texas Gov. Rick Perry praised conservative governors and called for “a little rebellion on the battlefield of ideas” at CPAC 2014. Amid cheers, the governor touted Texas’s job creation numbers and low taxes. He criticized the Obama administration’s fiscal policies and the nation’s debt as unsustainable, and warned that the administration would not be able to continue its spending without the “bill ever coming due.” Wall Street Journal
Submitted 2 years 111 days ago

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US employers shake off wintry weather, add 175K jobs; unemployment rises to 6.7 percent
WASHINGTON – U.S. hiring improved in February from the previous two months despite a blast of wintry weather, likely renewing hopes that growth will accelerate this year. The Labor Department says employers added 175,000 jobs last month, up from just 129,000 in January, which was revised up from 113,000. Fox News
Submitted 2 years 111 days ago

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Omni hotel headlines $261 million Louisville development project
Louisville may have a new four-diamond tenant by 2017. Omni Hotels & Resorts plans to build a 600-room convention hotel that will anchor a $261 million development at Third and Liberty streets in downtown Louisville. Business First
Submitted 2 years 111 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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