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Will Hollywood South get a rescue package?
Hollywood South may have taken a hit when Louisiana lawmakers capped the tax credit, but there is hope in the industry, locally, for the future. The Executive Director of the Celtic Studios in Baton Rouge fully expects the legislature to revisit the tax credit program that was capped in 2015. Patrick Mulhearn says many productions left Louisiana and jobs were lost. ''They put in what they call a back ended cap on it, basically what it says is the State of Louisiana can issue a unlimited number of tax credits but it's only going to honor a certain number a year,'' said Mulhearn. Wwl.com
Submitted 16 hours ago

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Dominion plans $100 million solar farm investment
The county's solar farm projects continue to move forward. Dominion announced Monday it plans to build, own and operate two solar generating facilities in 2017 in Jasper County that will generate 81.4 megawatts of power. The projects’ investment of $100 million is expected to bring 200 construction jobs, according to news releases. Jasper County Sun Times
Submitted 16 hours ago

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Osceola County works to lure in companies from Silicon Valley
OSCEOLA COUNTY, Fla. - A facility is expected to open Wednesday in Osceola County that will help build next generation sensors for everything from cellphones to smart cars. The real work will be to lure in some major companies from Silicon Valley to start bringing in the jobs. The $75 million building may still be under construction, but Channel 9’s Jamie Holmes learned this week it will start to be filled by the people whose job it is to bring in the jobs. Wftv.com
Submitted 17 hours ago

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Fidelity Investments makes space for 300 jobs
Fidelity Investments is preparing space for the 300 jobs it pledged to the city and state to hire by year-end 2018. The financial services company wants to renovate the third and fourth floors in Building 100 at 4600 Touchton Road E. for a customer contact center, similar to the workspace it uses in Building 400. Jaxdailyrecord.com
Submitted 17 hours ago

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Here's how Florida's Space Coast plans to fills hundreds of high-tech jobs
While some companies may face trouble finding the right kind of technology and manufacturing talent in Central Florida, one Brevard County group is hoping to lessen the pressure by building on one of its programs. During OneWeb Satellites LLC 's groundbreaking in Exploration Park on March 16, company CEO Brian Holz said Space Coast companies such as Blue Origin and Harris Corp. are "working with the EDC to create an apprenticeship program to help retrain people for the technologies and techniques we need to support the new industry we have here." Orlando Business Journal
Submitted 17 hours ago

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New report finds shark-related diving generated over $221 million for Florida in 2016
WASHINGTON –Today, Oceana released a new report finding that shark-related dives in Florida generated more than $221 million in revenue and fueled over 3,700 jobs in 2016. The independent report, commissioned by Oceana, highlights the stark contrast between the value of sharks to Florida’s dive industry ($221 million) and the total U.S. shark fin export market ($1.03 million in 2015). Floridatrend.com
Submitted 17 hours ago

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This College Alternative Only Makes Money If You Make A Salary
Some college students are there for the keggers. Others want to live amid the library stacks in a state of academic bliss. But the majority of students? They are there because they want to find good jobs. Too bad colleges are failing in that regard—and in the process creating a national debt crisis and exacerbating the skills gap between employers and job applicants. As of 2012, there were 34 million Americans with college debt and no degree, according to the Department of Labor. Fastcompany.com
Submitted 17 hours ago

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State lawmakers propose free tuition for tech college
At Greenville Technical College, it’s hard to find a student who’s not in favor of a proposal to make two-year college tuition-free in South Carolina. “I think it would be great,” said Louis Reyes, 19, walking between classes on a recent Thursday. “It would help a lot of people who are struggling and have bills to pay,” added Reyes, a second-semester finance major. “It would benefit a lot of people.” Greenvilleonline.com
Submitted 17 hours ago

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President Trump's budget threatens Tennessee's college work
Tennessee has spent years and millions of dollars trying to pull more people into college, but President Donald Trump's proposed budget threatens to complicate those efforts by slashing federal funding for students facing the most hurdles. The "budget blueprint" released last week by the White House proposes pulling $3.9 billion from reserves for the Pell grant — which covers costs for low-income students — and dramatically cutting the cash flow for a suite of programs that fund services for poor students and students who are the first in their families to pursue higher education. Chattanooga Times Free-Press
Submitted 17 hours ago

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Does Arkansas’ Free Community College Program Hold Promise?
The free community college programs picking up steam across the country generally allow students to study whatever they want. But a new free community college initiative in Arkansas is looking to push students into the areas where the state has workforce needs. To some free-college advocates, the initiative is more restrictive and limiting than other Promise programs, as the efforts are called. Slate.com
Submitted 17 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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