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Chemical Manufacturing Company to Expand in KY
CALLOWAY COUNTY, KY-– Governor Steve Beshear today announced R.T. Vanderbilt Company plans to expand manufacturing operations in Murray with an investment of $13.5 million in construction and new equipment. The company also plans to add seven new jobs as part of the project. surfky.com
Submitted 2 years 155 days ago

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Citigroup in $590 Million Settlement of Subprime Lawsuit
Citigroup said on Wednesday that it had agreed to pay $590 million to settle a class action lawsuit brought by shareholders who contended that they had been misled about the bank’s exposure to subprime mortgage debt on the eve of the financial crisis. New York Times
Submitted 2 years 155 days ago

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Evacuations Set as Rising Water Traps Dozens in Louisiana
NEW ORLEANS — Louisiana officials on Wednesday ordered the evacuation of some 3,000 people in a parish outside New Orleans and are continuing to rescue dozens of others in the same area trapped by rapidly rising floodwaters caused by Hurricane Isaac. New York Times
Submitted 2 years 155 days ago

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Crowd gathers in Charlottesville for Obama campaign stop
CHARLOTTESVILLE -- President Barack Obama's college town tour speech is still roughly 30 minutes away, but thousands of Charlottesville residents have converged on the pedestrian mall to hear him speak at the nTelos Wifeless Pavilion. Richmond Times-Dispatch
Submitted 2 years 155 days ago

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The Chesapeake Bay: Another possible casualty of this year’s farm bill
Standing on the edge of a streamside habitat he helped restore, Virginia farmer Buff Showalter interrupts himself mid-sentence to point out a pair of hummingbirds overhead, barely visible as they sketch busy circles against a blue-sky backdrop. By late August, he says, there will be hundreds of them flitting around their favorite jewelweed wildflowers in this forage-covered patch of wetlands. Grist
Submitted 2 years 155 days ago

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Court rejects Texas redistricting maps
WASHINGTON (Reuters) - A U.S. federal court ruled on Tuesday that controversial Texas redistricting maps discriminate against black and Hispanic voters, effectively killing the new districts before they could take effect for the November 6 presidential election. Chicago Tribune
Submitted 2 years 155 days ago

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Solar Power Can Aid Strained Texas Grid, Officials Say
Solar power can play a role in aiding Texas’ strained electric grid, industry officials and regulators said Tuesday at a meeting devoted to solar power in San Antonio. Texas Tribune
Submitted 2 years 155 days ago

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Anderson Co., SC courting company expansion worth $100 million
ANDERSON, SC — Economic development officials are courting a company whose expansion could bring a $100 million investment and 100 jobs to Anderson County. The county is seeking a $1.5 million grant from the South Carolina Department of Commerce — money that would be offered to the company to offset its site-preparation work in the Upstate. Independent Mail
Submitted 2 years 155 days ago

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Georgia gets more time to improve mental health care
ATLANTA — Georgia's efforts to set up a better treatment network for mentally ill people have been delayed, leading state officials to ask a judge for more time to make improvements. U.S. District Judge Charles A. Pannell granted a one-year extension to July 2013, The Atlanta Journal-Constitution reported. Independent Mail
Submitted 2 years 155 days ago

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South Carolina Voter ID Case Going Poorly for the State
Another court case is taking a run at the Voting Rights Act’s Section 5, which gives the Justice Department pre-clearance authority over any voting law changes in states with a history of racial discrimination. We already saw Section 5 upheld when a federal court struck down the Texas redistricting maps because of their discriminatory and disenfranchising intent. Now South Carolina is challenging Section 5 by appealing a ruling against a voter ID law in their state. firedoglake.com
Submitted 2 years 155 days ago

 

 

 

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 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
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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