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JaxPort's new Hanjin terminal still awaits progress
Eighteen months after Hanjin Shipping postponed work on a $300 million cargo terminal in Jacksonville, the terminal remains on hold until the company knows how deep the ship channel will be. Hanjin Senior Vice President Mike Radak said last week that until "there is dredging to get to deeper water, it's status quo." Along with the TraPac terminal that opened in 2009, Hanjin's planned terminal would boost cargo trade and generate thousands of jobs by linking the port with Asian trade lanes. Florida Times-Union
Submitted 2 years 132 days ago

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Charleston’s port, interstate help draw beverage-products distributor to Summerville, S.C.
A maker of coffee, tea and disposable dining supplies is opening a distribution center in Dorchester County to serve customers on the East Coast. Lollicup USA Inc. said it expects to create about 40 jobs over the next three years. The California-based company will begin operations in July in the 63,000-square-foot former Williams Technologies building at 420 Industrial Drive in Summerville, near Eastport Industrial Park. Post & Courier
Submitted 2 years 132 days ago

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Houston immigration attorneys 'bombarded' after Obama policy announcement
Immigrant attorneys and advocacy organizations in Houston have reported being "bombarded" with phone calls and inquiries since President Barack Obama's announcement Friday of plans to allow illegal immigrants brought to the U.S. as children to apply for work permits. Immigrants started lining up for the free, monthly immigration legal counseling offered by Catholic Charities of the Archdiocese of Galveston-Houston before 9 a.m. Tuesday - more than four hours before the scheduled start of the event, said Jo Ann Zuniga, a Catholic Charities spokeswoman. Houston Chronicle
Submitted 2 years 132 days ago

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First SC Boeing 787 makes fourth flight
The first South Carolina Boeing 787 Dreamliner flew for the fourth time Monday afternoon, completing a three-hour voyage over the Atlantic Ocean before returning to the North Charleston plane- making campus. “All went as expected,” Boeing spokeswoman Candy Eslinger wrote in a message a half-hour after the 6 p.m. touchdown at Charleston International Airport and the jet’s subsequent taxi to its parking spot next to the South Aviation Avenue delivery center. In an email, Eslinger described the trip as “another round of flight testing, coming one step closer to completion and customer delivery” to Air India. Charleston Post & Courier
Submitted 2 years 132 days ago

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Texas economy rises slightly in April (updated)
The Texas economy rose slightly in April, according to an economic index released today by Dallas-based Comerica Bank. The bank’s Texas Economic Activity Index rose half a percentage point to 97.5 in April. The index is benchmarked so that 2008 equals 100. The index has averaged 96 points in 2012, six points above the average for all of 2011. April’s level is up 26 points, or 36 percent, from the index cyclical low. Dallas Morning News
Submitted 2 years 132 days ago

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'Reshoring' companies are coming to Tulsa
For decades, there has been a trend among many U.S. manufacturers to move at least part of their operations offshore. In the 1970s, Japan and Korea absorbed a lot of the jobs once held by Americans. When wages increased with demand there, China became the next big destination for companies seeking cheap labor. But recently, there has been a new movement - "reshoring" - where domestic companies are bringing the manufacturing of at least some products back to the United States. It's hardly a tidal wave, yet even a ripple at this point is significant, observers say. Tulsa World
Submitted 2 years 132 days ago

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Toyota Mississippi wins group's top honor
OXFORD - Eight months into production, Toyota Motor Manufacturing Mississippi employs some 2,000 workers and is cranking out about 600 cars a day. Having started operations in October, Toyota's newest automotive assembly plant in Union County earned some recognition for its efforts Monday. The plant won the 2012 Award of Excellence from the Mississippi Automotive Manufacturers Association at the group's meeting at the University of Mississippi. Northeast Mississippi Daily Journal
Submitted 2 years 132 days ago

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Defining the Future of CDFI Capital and Capacity in the Southeast
The Federal Reserve Bank of Richmond, the Federal Reserve Bank of Atlanta, and Opportunity Finance Network (OFN), in partnership with NeighborWorks® America and the Mary Reynolds Babcock Foundation, will host a Southeastern Community Development Finance Conference and OFN Regional Meeting. This two-day event will include networking and joint learning on topics geared toward certified CDFIs, community development finance professionals, lenders, foundations, investors, community-based organizations and policy makers. The agenda will focus on investment and collaboration strategies for building community development finance capacity in the southeast. Topics will include social investing, institutional and individual investment strategies, cross-sector collaboration, partnership development, enhanced capital deployment strategies, growing to scale in the southeast and next generation leadership. Southern Growth Policies Board
Submitted 2 years 132 days ago

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Bowling Green, Ky. auto supplier plans expansion
An auto-industry supplier is planning a $10 million expansion of a facility in Bowling Green with plans calling for two new production lines and an add-on to the existing building. KIRIU USA President and CEO Mark Kimura says the expansion should be done by the time the company celebrates its 10th anniversary in Bowling Green in the fall. Now KIRIU has 115 employees and is in the process of hiring 10 to 15 more employees to handle the increased demand for production that is a result of new auto customers. KIRIU currently provides 100 percent of Nissan and 90 percent of Subaru rotor demands in the U.S. It also supplies General Motors and Honda. Louisville Courier-Journal
Submitted 2 years 132 days ago

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Construction of Vogtle's new reactors in Georgia draws international attention
SHELL BLUFF, Ga. — Plant Vogtle is being watched around the world as a symbol of America’s reawakened nuclear program, according to the chairman of France’s Atomic Energy and Alternative Energy Commission. “If something is going well here, all nations benefit,” said Bernard Bigot, who toured the Burke County site Monday with U.S. Energy Department officials. “And if something is wrong, everyone shares.” France generates 75 percent of its electricity from nuclear sources – the highest percentage of any nation – and is second only to the U.S. in the number of commercial nuclear power reactors. Plant Vogtle’s $14 billion expansion represents the first new commercial reactors to be built in the U.S. in three decades, so it will be watched closely by other nations, he said. Augusta Chronicle
Submitted 2 years 132 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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