Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
0
Likes

Subsidies leave small business growth untapped, critics say
RALEIGH, N.C. — Private firms receive a much smaller share of the taxpayer money designed to spur job growth in North Carolina than their larger, public counterparts, and critics say that tactic is leaving a major mechanism of growth behind. A WRAL News analysis of awards from the state's largest incentive programs from January 2013 to June 2015 shows about 85 percent of the funding has been promised to public companies and their subsidiaries, even though they make up about 35 percent of all firms that state officials announced would create jobs. Wral.com
Submitted 2 days ago

3
Likes

More jobs needed in Louisiana
A recent survey shows Louisiana lost 19,600 nonfarm jobs — a 1 percent drop in employment — from May 2015 to May 2016. This shows that the governor and Legislature need to spend more time improving the state’s economy and employment outlook. Citing statistics from the Louisiana Workforce Commission and the U.S. Bureau of Labor Statistics, The (Baton Rouge) Advocate reported recently that “the state lost ground in seven of 11 economic sectors.” Not surprisingly, the oil and gas industry was the hardest hit. Americanpress.com
Submitted 2 days ago

0
Likes

Letters: Bevin's Kentucky HEALTH plan
Mr. Bevin, as in the iconic song from Cyndi Lauper, "I see your true colors are shining through." But these aren't the colors of compassion, acceptance or caring that were embodied in that song. Just the opposite. You're taking our state backward by trying to cut much-needed benefits for many living at or below the poverty level in Kentucky. (This isn't even addressing the other draconian measures you've enacted with your reign as governor.) Lexington Courier-Journal
Submitted 2 days ago

-10
Likes

New study underscores the supply-side swindle in La.
Louisiana, through an un-elected, largely unaccountable board called the Commerce & Industry Board, is forgiving roughly $16.7 billion in local governments’ property tax revenue — all in the name of job creation — for a cost of about $535,000 per job created. The kicker: local governments have no say in the matter. Thind.com
Submitted 3 days ago

11
Likes

Yellen: Recession Unlikely, but Long-Run Growth Could Be Slow
Federal Reserve Chairwoman Janet Yellen said the chances of recession this year are “quite low” despite mounting worries that the U.S. could be heading toward a downturn after seven years of tepid economic expansion. “The U.S. economy is doing well,” she said Tuesday, kicking off two days of testimony to Congress on the economic outlook and monetary policy. “My expectation is that the U.S. economy will continue to grow.” The Wall Street Journal
Submitted 4 days ago

4
Likes

America’s Energy Infrastructure - It’s Where the Good-Paying Jobs Are
The United States is the world’s largest economy. Yet, in the last two decades, our national economic growth rate has been declining. In the 1950’s and 1960’s the average growth rate for the United States was above 4 percent. In the 1970s and 1980s, it still stood above 3 percent. But, since the beginning of the 21st century, our annual average growth rate has been barely above 2 percent. Huffington Post
Submitted 4 days ago

14
Likes

Progressives Need to Stop Ignoring Rural Communities
Lexington, Kentucky—There was a time when Kansas was a hotbed of populist sentiment, organizing, and politics. Now it has Sam Brownback, the governor who seems most determined to answer the question, “What do you give to the man (men) who has everything?” Kentucky and West Virginia, where thousands of miners fought for and won critical battles for better wages and justice in the workplace, are now deeply “red,” even including most of their Democratic legislators. North Carolina—a beacon of hope for progressives in a region otherwise overwhelmingly and increasingly right wing—abruptly flipped in 2012 and is now a model pupil of the American Legislative Exchange Council. The Nation
Submitted 4 days ago

0
Likes

Lawsuit: Austin ‘Carpet Bombing’ Private Property Rights in ‘Sharing’ Industry
An Austin, Texas, city ordinance designed to regulate short-term rental properties with warrantless “bed checks” and curfews is now in legal crosshairs amid a lawsuit filed Monday by local homeowners. Should the City prevail, sharing economy staples like Airbnb could effectively follow Uber and Lyft’s example by vacating the Texas capital city. Breitbart.com
Submitted 5 days ago

0
Likes

Survey finds optimism low about economy by small businesses
A survey of small independent businesses shows little optimism for making capital outlays, increasing inventories or expanding, a mood that does not bode well for the economy. Those findings are contained in the National Federation of Independent Business' monthly index of small business optimism. That optimism rose just two-tenths of a point in May to 93.8, a negligible increase at best and well below the 42-year average of 98. AL.com
Submitted 5 days ago

6
Likes

Why is Regional Economic Development Cool? Because Celebrating Alone Sucks!
In urban areas a shared vision and direction can give metropolitan regions a competitive edge that draws and keeps people there. In rural communities, survival can depend on neighboring communities working together to define an area large enough to offer goods, services, surplus assets and enough workforce talent to be a meaningful landing spot for keeping, growing and attracting business. LinkedIn.com
Submitted 9 days ago

1 2 3 4 5 6 7 8 9 10 ... 698
 

 

Most Liked Stories (past 24 hrs.)


Most Disliked Stories (past 24 hrs.)


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.
 


 

 

http://www.edpsc.org
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2016 Randle Report
All of the South's Business and Political News in One Place
Login