Local (Alabama) Economy

Congrats to Oakworth! 2nd Year Nomination for Birmingham Best Places to Work

March 18, 2015, by John Norris

The Birmingham Business Journal has unveiled the finalists in the midsize employers category in its 2015 Best Places to Work....Read Full Article...

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Assets up, profits flat for Bham banks in 2014

, by John Norris

Most Birmingham banks reported an uptick in assets last year, but profits remained flat, according to the latest data from the FDIC. With lending picking up at many institutions, total assets for Birmingham banks rose by $12.4 billion in 2014 – a gain driven primarily by Birmingham's biggest banks. Regions Bank, Birmingham's largest bank, finished the year totaling $118.6 billion in assets, up from $116.6 billion in 2013. BBVA Compass increased its assets from $71.7...

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Legislative details important, major changes hard

March 9, 2015, by John Norris

Alabamians tend to be against big government, or at least we say so. Further, we tend to have pretty low expectations for what government we do have. After all, if you set the bar low enough, you won’t be disappointed. To that end, I haven’t spoken to a single individual who anticipates anything substantial coming out of this legislative session. By that, I mean something that will fundamentally change how we live our lives and...

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Will new taxes slow Alabama’s economy?

March 3, 2015, by John Norris

The answer is simple: unless Goat Hill can generate a higher return with the money than the private sector, any increase in taxes shouldn’t be good for the state’s economy. So, do you think our state government is more effective with your money than you are? With that said, there are going to be plenty of naysayers and complainers when the Governor finally announces his tax plan. Heck, there already are, and, unless I am...

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Some Common Cents for December 5th 2014

December 5, 2014, by John Norris

Last Saturday night, in the bowels of Bryant-Denny Stadium in Tuscaloosa, I told a friend of mine he sounded “ridiculous.” We had been discussing the prospects of UAB football. Better put, I had been discussing the prospects of UAB football, and he had been arguing about its validity. Lets just say he was very much opposed to the Blazers receiving even a penny from the University of Alabama system to spend on its program. His...

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The Best Advice – Montgomery Advertiser 11/9/2014

November 7, 2014, by John Norris

[audio mp3="https://www.oakworthcapital.com/wp-content/uploads/2014/11/The-Best-Advice.mp3"][/audio]

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I Can’t Take Another 2008!

October 29, 2014, by John Norris

Click link below for full recording of John Norris' Montgomery Advertiser  article, previously published October 26th 2014. [audio mp3="https://www.oakworthcapital.com/wp-content/uploads/2014/10/October-26-2014-Advertiser.mp3"][/audio]

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Incentives are risky, but so is not making the attempt

September 2, 2014, by John Norris

I saw the state gave Baxter International something like $5 million in incentives to expand its plant in Lee County and potentially create 200 new jobs. That seems like a lot of money for that number of jobs, is it? From what I understand, the incentive package is chockablock full of, well, incentives. The company gets $1 million when it adds 100 jobs, and another $1 million for the next 100. After that, the incentives...

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Some Common Cents for February 28th 2014

March 3, 2014, by John Norris

People have asked my opinion about a lot of different things this week, and with so much going on in the world around us, I have had a hard time focusing on one issue. There are simply so many. So, I have decided to do something a little different this week, and throw a bunch of darts against the wall to see if any stick. Here goes nothing:  More...   The opinions expressed within this...

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Is now the right time to buy real estate on the Gulf Coast?

July 22, 2013, by John Norris

  There are no such things as bad investments; there are only bad prices. After all, you could have bought a house in Gulf Shores in 2007 at the top of the market and still had an asset worth something in 2010. Sure, the market value might have been less than your cost, but someone would have been willing to pay you something for it. Read the full article as previously published in the Montgomery Advertiser...

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