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 Ga. ‘megasites’ bait on hook for industry deals
Gov. Nathan Deal sparked curiosity across the South’s economic development and political circles Jan. 12 when he said Georgia was in late-stage negotiations for its biggest project since Kia Motors. Deal offered no specifics about the project, but his announcement immediately led to speculation that he might be referring to a large manufacturer that could bring more than 1,000 jobs to Georgia, whose 9.9 percent unemployment rate remains higher than the national average. Atlanta Business Chronicle
Submitted 5 hours ago

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 Economic development announcement expected in Davie County, NC
The N.C. Commerce Department will hold a news conference at 2:30 p.m. today in Mocksville related to an economic development project. The announcement will be made by Commerce Secretary Keith Crisco at the Davie County campus of Davidson County Community College, 1205 Salisbury Road. Commerce officials declined to provide further details Tuesday. Winston-Salem Journal
Submitted 5 hours ago

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 Martin Marietta Getting Increasingly Mean in Vulcan Fight.
Martin Marietta’s fight for Vulcan Materials is getting nastier by the week. Today Martin Marietta, which has launched an increasingly hostile $4.8 billion bid for Vulcan, produced a shareholder power-point presentation to update on the situation. It is not very friendly. It uses quotation marks to question nearly everything Vulcan “does.” Wall Street Journal
Submitted 5 hours ago

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 The South's Best Economic Development Law Firms
If your company is undergoing a site search in the American South, this digital magazine of the South's best economic development law firms is a valuable asset. Southern Business & Development magazine recently conducted a survey of the region's economic development community and the results of the survey can be found in this digital magazine. Find out which law firms are considered the best in the practice of economic development. Click on the headline above. SB&D
Submitted 5 hours ago

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 Poll: Newt Gingrich, Mitt Romney, Rick Santorum nearly even in Georgia
A new poll pegs Newt Gingrich, Mitt Romney and Rick Santorum as nearly even in Georgia as its March 6 Republican primary approaches. Gingrich’s double-digit lead has dried up in less than three weeks, and experts say his White House hopes likely are over if he can’t carry his home state. In a Monday InsiderAdvantage Georgia poll of 711 likely primary voters, Gingrich, a former long-time Georgia congressman and House speaker, had 26 percent. Savannah Morning News
Submitted 6 hours ago

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 Obama Offers to Cut Corporate Tax Rate to 28%
WASHINGTON — President Obama will ask Congress to scrub the corporate tax code of dozens of loopholes and subsidies to reduce the top rate to 28 percent, down from 35 percent, while giving preferences to manufacturers that would set their maximum effective rate at 25 percent, a senior administration official said on Tuesday. The New York Times
Submitted 6 hours ago

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 Surging Oil Prices Slap Airlines (and Travelers)
Here's something you already know: The surging price of crude oil is once again causing us real pain at the pump. Gasoline prices were higher last month than any January on record. and everyone in the prediction business says the outlook is grim for spring and summer prices. Here's something you probably need to be reminded about: Surging oil prices will cause you real pain at the airport too, because airlines are disproportionately affected by energy prices. Portfolio
Submitted 6 hours ago

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 Apprenticeships multiply at Volkswagen
Volkswagen is taking applications for its Automotive Mechatronics Program training class for 2012. The apprenticeship program will select 24 candidates, which is up from 20 last year. Students will be split into two training classes with an improved student-teacher ratio of 12 to 1. "Volkswagen's presence in this community has increased our area's need for a skilled automotive workforce," said Hans-Herbert Jagla, VW's executive vice president of human resources in Chattanooga. Chattanooga Times Free Press
Submitted 6 hours ago

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 Religion And Politics Don't Mix, Major Religious Groups Tell Presidential Candidates
After Rick Santorum ignited controversy over the weekend by saying President Barack Obama has a "phony" and "different theology" that's not "based on the Bible," and amid ongoing discomfort among some politicians and religious figures over Mitt Romney's Mormon faith, a coalition of major religious organizations is calling on presidential candidates to keep religion out of politics. Huffington Post
Submitted 6 hours ago

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 350 New Jobs Coming To Nissan's Canton Plant
CANTON, Miss. -- Nissan is adding 350 jobs to its Canton plant, company officials said. The automaker is moving production of its Frontier pickup from Smyrna, Tenn., to Canton and in the process is adding new jobs. The company will begin hiring in May. Click here for hiring information. The Frontier should begin rolling off the line by the fall, company officials said.
Submitted 6 hours ago

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Features & Opinion

 
OPINION
By Mike Randle
 

In December, the National Labor Relations Board dropped its lawsuit against Boeing and the Chicago-based company’s nearly $1 billion investment in a 787 Dreamliner plant in North Charleston, S.C. The lawsuit was dropped after the aircraft giant agreed to produce its 737 Max jetliner with union labor in Washington state where the company employs tens of thousands or workers.
 

 
 FEATURE  
By Rick Farmer
 
When Jay Schwedler, president and CEO of the Sumter Development Board, found out what the project required, he knew he had the site, the speed and the determination to make Sumter a viable contender.
 
 
 

Everyone is predicting a surge in manufacturing and we are sure most of that is sourced from Boston Consulting Group's widely publicized report titled "Made in America, Again." No industry sector in the South represents that expansion better than the Southern Automotive Corridor. Activity in the Southern Automotive Corridor has been off the charts the past 18 months.
 
 
 OPINION
by Mike Randle
 

I have traveled more in the last six months than I have in any six month period since the good old days. You remember the good old days, when economic development in the South was fun? That was most of the 1990s and a short period from 2004 to 2006. Those were the days. Those were the days when the South dominated this nation's economy (it still does, but let's act for now that it doesn't).
 

 


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