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Alabama brewery plans $1.2M expansion
Huntsville's Yellowhammer Brewing has big plans for its Campus No. 805 on the former Stone Middle School property. The brewery broke ground this week on a $1.2 million project that will bring an 8,000-square-foot addition to the facility. According to AL.com, the project is set to bring a new production space, event hall, biergarten and small-scale distillery to the brewery's campus. Birmingham Business Journal
Submitted 15 hours ago

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Tavant Technologies Opens Dallas, Texas, Innovation Center
Tavant Technologies, a digital solutions company, opened its second U.S. development and innovation center in Dallas, Texas. The company plans to add 300 new employees across the United States this year. According to company officials, Tavant has been growing rapidly and has doubled its revenue in the last two years. Founded in 2000 and headquartered in Santa Clara, California, Tavant Technologies is a specialized digital solutions company that provides impactful results to its customers across North America, Europe, and Asia-Pacific. The company said it employs over 2200 people. Area Development
Submitted 15 hours ago

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Land O’ Lakes Plans Feed Storage Facility In Roanoke, Virginia
One of America's premier agribusiness and food companies, Land O'Lakes Inc., will build a state-of-the-art animal feed manufacturing facility in Roanoke, Virginia. The company plans to begin operation in December 2018. "The southeast region is the single biggest growth opportunity for our Purina animal nutrition business. While the new facility is being constructed, we will serve our important current and future customers from product made at our existing facilities and distributed through warehouses at Virginia and Kentucky," said Beth Ford, Group Executive Vice President & COO, Land O'Lakes, Inc. Area Development
Submitted 15 hours ago

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The Industries With The Most Immigrant Workers
According to Pew Research, there are no major American industries where immigrants outnumber U.S. born workers. In 2014, immigrants accounted for 17.1 percent (27.5 million) of the country's 161.4 million workers. Private houholds is the industry that attracts the most immigrants with 45 percent of the sector's 947,000 workers coming from overseas. 22 percent of all immigrant workers in U.S. households are unauthorized. Mbtmag.com
Submitted 15 hours ago

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Trump’s Science Budget Slash Will Impact Business, Too
American businesses are still trying to figure out how President Donald Trump’s proposed budget could affect their operations. And while it seems increasingly unlikely that Congress will pass Trump’s budget ‘wish list’ as is, the administration’s $1.1 trillion package — which would beef up defense programs, slash funding for other agencies and demand “significant reorganization” of key governmental services — could have dramatic impact on American small businesses. Triplepundit.com
Submitted 15 hours ago

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Consumer Confidence Is High, So Why Is Spending So Weak?
The conventional wisdom goes something like this: Spurred by President Trump's promises of lower taxes, "yuge" job gains and health care reform, the economy is poised to go gangbusters thanks largely to boosted consumer confidence. Steady job gains, moderate inflation pressure and nascent wage growth are all positives as well. No wonder the Conference Board's Consumer Confidence index surged to its best level since July 2001 last month. The Fiscal Times
Submitted 15 hours ago

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The Strongest Housing Market in the US in 2017 – and the Weakest
Home prices started 2017 on the rise, but the biggest housing gains occurred in just a handful of states. Housing values increased 6.9 percent in January compared with the same month a year ago, according to the latest figures from CoreLogic. Home prices also rose month over month by 0.7 percent, the company found. CoreLogic forecasts housing prices to increase 4.8 percent from January 2017 to January 2018. The Fiscal Times
Submitted 15 hours ago

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Trump is Right to Focus on American Manufacturing
In 2009, as the devastating effects of the Great Recession were being felt across America and joblessness became a plague upon our nation, I went to Washington, D.C. to tell our elected leaders that bailing out the big Wall Street banks would not be sufficient to save our economy. I explained that we would also need rescue loan support for the small and mid-sized manufacturing companies that have long formed the bedrock of American industry and employ millions of Americans but that have been devastated by decades of unbalanced trade policy. At the time, my views were considered protectionist, and I was warned that the industrial policy I believed would even the playing field would instead inspire trade wars. But it is time that the truth is told that our policies and regulations have left many manufacturing companies with no option other than to liquidate. Had the playing field been even and equitable, many American manufacturing companies would have flourished and new ones would been born. Huffington Post
Submitted 15 hours ago

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The Best Cities For Entertainment, Media And P.R. Jobs, See Which Are Southern
If you had to guess the top city for entertainment, media and PR jobs, your first thought would probably be Los Angeles. And you’d be right. But there are also many opportunities beyond Southern California. To find the best cities for these positions, apartment listings site Abodo considered three criteria: how many of a city’s total jobs are in one of the three industries, the median salaries for those positions and rent prices. The concentration of jobs accounted for 75% of the ranking. The relationship between salaries and rents made up the other 25%, and cities with high salaries but low rents performed well here. Abodo used data from the Bureau of Labor Statistics and from its own apartment listings. For city-level details, click here. Forbes
Submitted 16 hours ago

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NorthPoint to build transpark building for undisclosed tenant
A Missouri company provided part of the answer Monday on what’s being developed at the U.S. 31-W entrance to the Kentucky Transpark. Ground on the 58.78 acres across from Southcentral Kentucky Community and Technical College’s transpark campus was recently broken by NorthPoint Development of Kansas City, Mo., on a planned 300,000-square-foot building. The land sits in front of UACJ-Constellium’s plant on the left side of the transpark’s entrance. Bowling Green Daily News
Submitted 16 hours 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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