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Walmart To Establish $108 Million Fulfillment Center In Union City, Georgia
Walmart Stores, Inc., the world’s largest retailer, will locate to a new distribution facility in Union City, Georgia, creating more than 400 jobs and investing $108 million into the project over the next three years. Area Development
Submitted 2 years 99 days ago

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North Carolina’s Clean Energy Economy Growing
“Our Solar Means Business report shows a promising climate in North Carolina for increased solar energy investment,” said Ken Johnson, SEIA’s vice president of communications. “North Carolina currently ranks 4th in the nation in installed solar capacity – ahead of sun-rich states like Nevada and Hawaii – and there’s substantial momentum for new development, which will drive job creation and economic growth, while also helping to protect the environment.” prweb.com
Submitted 2 years 99 days ago

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Kentucky Ark park tax incentives in limbo over hiring
FRANKFORT, Ky. – Tax incentives for the Noah's Ark theme park in Northern Kentucky are in jeopardy over the state's concern about possible religious discrimination in hiring, records obtained by The Courier-Journal show. Courier-Journal
Submitted 2 years 99 days ago

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Memphis EDGE approves incentives to lure UK tux company
One of the largest tuxedo rental companies in the U.K. won approval Wednesday for a nearly $1.1 million incentive to open a large distribution operation in Memphis. Memphis Business Journal
Submitted 2 years 99 days ago

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Incentives could lure yacht builder to Brevard
A yacht-maker that could bring 380 jobs to Merritt Island on Tuesday was approved for $1.16 million in county economic incentives, spread over 10 years. Floridatoday.com
Submitted 2 years 99 days ago

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Even Red-State Voters Want to Raise the Minimum Wage
The first national campaigns of the Republican Party, more than 150 years ago, linked economic progress with democratic participation, urging immigrants and urban workers to “Vote Yourself a Farm” by empowering the party that would distribute land to the poor. So it shouldn’t be that surprising that states where voters are considering substantial minimum-wage hikes this fall are for the most part GOP bastions: Alaska (to $9.75 an hour), Arkansas (to $8.50), Nebraska (to $9) and South Dakota (to $8.50, with future hikes indexed to inflation). The Nation
Submitted 2 years 99 days ago

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The Brain Cancer Rate for Girls in This Florida Town Shot Up 550%—Is a Defense Contractor to Blame?
A pixielike girl with big blue eyes and long brown hair, Hannah Samarripa began experiencing headaches and fatigue in the middle of eighth grade. By the time the spring dance rolled around, Hannah didn’t have the strength to paint her own toenails. Her mother, Becky Samarripa, did it for her, and then drove Hannah to school and waited outside, knowing she’d be able to put in only a brief appearance. The teenager’s mysterious decline continued on to limping, vomiting, incontinence and—perhaps her most disturbing symptom—occasional fits of barking laughter that sounded so strange and demonic, her father wondered whether she was on drugs. Then, in the summer before ninth grade, while her family was visiting a Civil War memorial on the coast of Alabama, Hannah collapsed. Still, it was a full six months later, when a doctor spotted her brain tumor during an eye exam—literally seeing the growth through the lens of Hannah’s eye—that the 14-year-old got the diagnosis and then the surgery that saved her life. When Hannah got sick in 2007, her mother had no idea that, just a few blocks away in the Acreage—their lush South Florida community—other children had also suffered through the same awful symptoms. The Nation
Submitted 2 years 99 days ago

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$10.10 Minimum Wage Would Save The U.S. Government $7.6 Billion A Year
Raising the federal minimum wage would save the government billions and have sweeping benefits for low-income families, according to a new analysis by the Economic Policy Institute, a think tank focused on labor issues. EPI's report found that if the minimum wage were boosted from its current level of $7.25 per hour to $10.10, as proposed by the Fair Minimum Wage Act of 2014, more than 1.7 million Americans would no longer have to rely on public assistance programs. This would produce $7.6 billion per year or more in savings for the federal government, according to the study. Huffington Post
Submitted 2 years 99 days ago

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The Humbling of Wal-Mart: 'There Is No Excuse for Us Not to Be Doing Better'
Wal-Mart Stores (WMT) got a new chief executive this year, and he appointed a new president for the company’s U.S. stores. The two leaders have taken over a business that has been struggling in many ways—including labor protests in the U.S. and corruption investigations overseas—but by far the biggest problem has been financial. Wal-Mart sales are not growing this year, and they didn’t increase last year, either. Businessweek
Submitted 2 years 99 days ago

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Arkansas Supreme Court Strikes Down Voter ID Law
LITTLE ROCK, Ark. (AP) — Arkansas' highest court on Wednesday struck down a state law that requires voters to show photo identification before casting a ballot, ruling the requirement unconstitutional just days before early voting begins. Huffington Post
Submitted 2 years 99 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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