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N.C. Gov. Pat McCrory shrugs off low approval rating
DILLSBORO — Gov. Pat McCrory shrugged off his low approval rating Thursday after a wide-ranging talk with Jackson County business leaders about reforming state government. Public Policy Polling has his approval at 35 percent after a summer of protests and criticism over Republican policies. Critics of the Charlotte Republican and the GOP point to cuts to education, restrictions on abortion, sweeping restrictions on how people vote along with high salaries in state government jobs for former McCrory campaign aids as reasons North Carolinians are unhappy. Asheville Citizen-Times
Submitted 2 years 152 days ago

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Ga. Ports Authority handles record amount of cargo
SAVANNAH, Ga. — Georgia Ports Authority officials say increased business has led to companies leasing more than 1 million square feet of distribution space in Fiscal Year 2013. Georgia Ports Authority Executive Director Curtis Foltz said during his State of the Ports speech Thursday that the agency handled record amounts of cargo this year. Foltz says the agency processed a record 27 million tons of materials, representing an increase of more than 651,000 tons from the previous year. Atlanta Journal-Constitution
Submitted 2 years 152 days ago

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Deal appears close on land for Falcons stadium
ATLANTA — It appears Atlanta officials are one step closer to an agreement with a historic downtown church for land to build a new Falcons stadium. A city spokeswoman on Thursday confirmed a tentative deal had been reached for the church to receive about $14.5 million. The mayor plans to hold a news conference on the deal Friday morning. A lawyer for Mount Vernon Baptist Church says the church's congregation will likely hold a meeting next week to vote on the proposal. Mount Vernon is one of two churches that will have to be relocated if the $1 billion, retractable roof stadium NFL stadium is to be built on the Falcons' preferred site. Athens Banner-Herald
Submitted 2 years 152 days ago

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Wallops Island ‘flying frog’ becomes Internet sensation
ATLANTIC — A photograph that inadvertently captured a frog being lofted airborne during the launch of a spacecraft from NASA’s Wallops Island Flight Facility on Virginia’s Eastern Shore has become an Internet sensation. The photo was captured by one of NASA’s remote cameras during the Sept. 6 nighttime launch of the agency’s LADEE spacecraft from Pad 0B at Wallops. The agency said the frog is real and was captured in a single frame. “The condition of the frog, however, is uncertain,” the agency wrote in a caption accompanying the posting of the picture on the Internet. After NASA posted the picture, numerous other Internet sites began distributing it. Richmond Times-Dispatch
Submitted 2 years 152 days ago

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Jobs, Debt And Home Prices Since The Crisis, In Five Charts
The housing bust started in 2006. The recession started in 2007. But it was in September, 2008 – five years ago this month – that the financial crisis hit its most intense moments. Here's a look at how U.S. households have fared since then. NPR
Submitted 2 years 152 days ago

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Many fear EPA rules will hurt WV industry
CHARLESTON, W.Va. -- Few specifics are known about federal carbon emissions standards set for release next week. But reports that the U.S. Environmental Protection Agency rules could harm the coal industry drew fierce responses from several West Virginia politicians and industry officials. By the end of next week, the EPA must issue proposed carbon emissions standards for newlybuilt coal-fired power plants in the country. Bloomberg News and The Wall Street Journal both reported those rules will force any new plants to use equipment that industry officials contend either does not exist or is too expensive. Charleston Daily Mail
Submitted 2 years 152 days ago

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Texas Congressman Floats Defunding Part of the Executive Branch
No one in Congress gives a floor speech like Rep. Louie Gohmert, R-Texas. He's the Must-Watch congressman, as an early summer speech on the farm bill made clear. On Thursday, Gohmert took to the House floor and gave another whirlwind performance, covering all of the House GOP's favorite whipping points. National Journal
Submitted 2 years 152 days ago

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Lender seeks PILOT to create 43 jobs, spend $6 million on Memphis headquarters
National Bankers Trust Corp. next week will seek a tax break in return for creating 43 new jobs and investing $6 million in a new corporate headquarters at 813 Ridge Lake Boulevard in East Memphis. Commercial Appeal
Submitted 2 years 152 days ago

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Memphis files $40M permit for next phase of Pyramid
Bass Pro Shops Inc.’s plans for the Pyramid appear to be moving forward. The city of Memphis filed a $40 million building permit for interior alterations to the Pyramid’s first and second levels. Memphis Business Journal
Submitted 2 years 152 days ago

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STOCKS RISE: Here's What You Need To Know
First, the scoreboard: Dow: 15,376.1, +75.4, +0.4% S&P 500: 1,687.9, +4.5, +0.2% NASDAQ: 3,722.1, +6.2, +0.1% And now the top stories: Business Insider
Submitted 2 years 152 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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