Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
6
Likes

Alabama lands nearly 17,000 new jobs and more than $4.4 billion in capital investment in 2013
MONTGOMERY, Alabama -- New and expanding businesses announced nearly 17,000 new jobs and capital investments topping $4.4 billion during 2013, Gov. Robert Bentley's office said today. In all, there were 445 projects that spanned a variety of sectors, including automotive, aerospace, chemicals, metals and technology, for a total of 16,847 jobs, according to the 2013 New and Expanding Industries Report. The report does not include data on the total amount of incentives tied to the projects. Bentley credited the state's strategic plan for economic development, Accelerate Alabama, for growth in targeted industries. AL.com
Submitted 2 years 108 days ago

7
Likes

Is Kentucky employment ‘back on track’?
Kentucky’s seasonally adjusted preliminary unemployment rate fell to 7.7 percent in April from a revised 7.9 percent in March. The preliminary April 2014 jobless rate also was down from the 8.3 percent rate for the state in April 2013, according to the Office of Employment and Training, an agency of the Kentucky Education and Workforce Development Cabinet. The U.S. seasonally adjusted jobless rate dropped to 6.3 percent in April 2014 from 6.7 percent in March 2014, according to the U.S. Department of Labor. Business First
Submitted 2 years 108 days ago

1
Likes

Dasan Machineries brings 150 jobs to Duluth, Ga.
South Korean manufacturer Dasan Machineries will put its first U.S. headquarters in Duluth, Ga., investing $30 million in the project over the next three years and creating 1590 jobs. The Duluth facility will use high-precision machinery to make components for the automotive and defense industries. “We were drawn to Gwinnett County and the state of Georgia because of the pro-business environment, skilled workforce and existing infrastructure that is available in the region,” said Jin Noh, president of Dasan USA. Atlanta Business Chronicle
Submitted 2 years 108 days ago

0
Likes

Sitel call center in Augusta adding 200 jobs
The Sitel call center in Augusta is expanding by 200 positions, bringing the company’s local workforce to 1,000 employees. The Nashville, Tenn.-based company said it will add customer service agents to its facility at 2115 Windsor Spring Road because of continued business growth. The new employees will join a staff of about 800 workers in serving an unnamed Fortune 500 wireless provider and unnamed major health care company. Augusta Chronicle
Submitted 2 years 108 days ago

5
Likes

Gov. Scott touts record tourism numbers
TAMPA — While Gov. Rick Scott, flanked by Tampa Mayor Bob Buckhorn, Temple Terrace Mayor Frank Chillura and other local officials, came to Busch Gardens Thursday morning to tout record first-quarter numbers for Florida tourism. In the first three months of 2014, the governor said Florida had a record 26.7 million visitors. There were also a record 1,125,000 jobs tied to tourism in that first quarter of 2014. Every 85 tourists creates a new job, the governor said. "We want more jobs in our state," he said. "Tourism is a big driver." He also touted the $74 million the Florida Legislature recently gave to Visit Florida, the state tourism agency to market Florida around the world. Tampa Bay Times
Submitted 2 years 108 days ago

0
Likes

Big-biz group Council of 100 snubs Crist; he blames Gov. Scott
Apparently The Florida Council of 100 ain't big enough for the both of 'em. Former and wanna-be-future governor of Florida Charlie Crist and current Gov. Rick Scott were both scheduled to speak Thursday to the spring meeting of one of Florida's most powerful business groups. But then Crist got dis-invited, told the group was going to let the current governor, a Republican, speak, but didn't want Crist, a former Republican-turned-Democrat, because they did not want the event to become political, Crist said. Orlando Sentinel
Submitted 2 years 108 days ago

9
Likes

Cargo terminal ‘a game-changer’ for Port Canaveral
An international cargo company plans to operate a large container terminal at Port Canaveral, leading to the creation of 500 jobs at the port and 2,500 spinoff jobs in the region, Port Canaveral officials said Wednesday. Port commissioners unanimously approved a lease agreement with the terminal operator, which is being referred to as “Project Pelican” until the company makes its formal announcement. This is Port Canaveral’s first major deal in its efforts to boost cargo operations. “This container project is certainly exciting,” Port Commissioner Bruce Deardoff said. “It shows that our port is going to become a real economic engine for this area.” Florida Today
Submitted 2 years 108 days ago

9
Likes

Duke Energy Florida plans to scrap coal power plants, switch to natural gas
Continuing a series of major changes, Duke Energy Florida said it plans to build a $1.5 billion natural-gas power plant in Citrus County while also shutting down two old coal-fired generating units. Duke, the state’s second-largest electric utility, indicated last year that it was likely to move forward with such a plan. But the announcement this week comes after other high-profile changes that have included shuttering a damaged Crystal River nuclear plant and scrapping plans to build two nuclear reactors in Levy County. Florida Times-Union
Submitted 2 years 108 days ago

3
Likes

Lockheed Martin, Boeing threatened by SpaceX fued
Elon Musk may not break up what he has called a space launch monopoly, but he may well disrupt it. Musk is the famed CEO of California-based Space Exploration Technologies Corp. His company is protesting the government's sole source purchase of 36 rockets for space launches from United Launch Alliance. On the heels of his briefly successful lawsuit against the Air Force for that bulk contract comes this. Musk's argument that the joint venture of Lockheed Martin and Boeing gets it rocket engines from a Russian supplier and therefore may violate some sanctions has generated a reaction he may not have expected. Washington Business Journal
Submitted 2 years 108 days ago

12
Likes

Kentucky bourbon Is Really Popular and Good for the Economy. Does Congress Deserve Some Credit?
It's been 50 years since Congress passed the Declaration of Independence for bourbon. That's what folks in Kentucky call Senate Concurrent Resolution 19. It was passed on May 4, 1964, and acknowledged bourbon as a "distinctive product of the U.S," and also set the standards for bourbon production. In the 50 years that have followed, bourbon has become a whiskey booming in popularity, soaring in price, and exported to over 100 nations around the world. So, naturally, Congress wants to acknowledge—and get in on—its popularity. On Thursday, the Senate passed a Kentucky-senators-backed resolution commemorating the anniversary. The House has its own resolution doing the same. It's hard to look past what's happened to the bourbon industry in recent years. Since 1999, bourbon production has increased 120 percent and now generates $2 billion in product and provides 9,000 jobs in Kentucky, according to the House resolution. The National Journal
Submitted 2 years 108 days ago

 

 

 

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.
 


 

 

ODEC
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2016 Randle Report
All of the South's Business and Political News in One Place
Login