RSSCategory: Economy

Connect NC: Investing in NC Agriculture

| March 11, 2016 | 0 Comments

Op-ed by Larry Wooten, NC Farm Bureau and Dean Rich Linton, NC State College of Agriculture and Life Sciences, March 11, 2016 Just as agriculture and food production require fertile soil, a bright future for our growing state depends on strong public infrastructure. On March 15, North Carolina voters have a chance to address many of […]

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Emerging Issues: How can NC deal with threat of jobless future?

| February 8, 2016 | 1 Comment

by Rick Smith, WRAL TechWire, February 8, 2016. Is a jobless future coming for North Carolina? Nearly half of the state’s jobs are at risk if state and industry leaders don’t take steps now to deal with the coming tsunami of disruption, says a new study. As robotics, artificial intelligence and technology continue to evolve […]

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Johnston County Commissioners reject CSX rail terminal

| January 21, 2016 | 0 Comments

by Don Carrington, Carolina Journal, January 21, 2016. At an emergency closed-session meeting Wednesday night, less than a week after Gov. Pat McCrory announced a $272 million CSX rail terminal project near Selma, the Johnston County Board of Commissioners issued a statement opposing both the project at the current location and the railroad company’s threats […]

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Wealth gap spurring rebuild of economic development efforts

| January 8, 2016 | 1 Comment

by Mark Binker, WRAL, January 7, 2016. Lawmakers saw stark evidence Thursday that decades of efforts to spur economic growth in rural areas have been thwarted by trends that have sent population and job opportunities to the state’s biggest cities. “A lot of the higher-paying jobs are concentrating in core urban areas,” said Ted Abernathy, […]

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McCrory boasts about NC at economic forum, progress uneven

| January 7, 2016 | 1 Comment

by Associated Press, published in Winston-Salem Journal, January 6, 2015. Gov. Pat McCrory boasted Wednesday about data showing overall wages are going up in North Carolina as he looks ahead to a re-election contest this year that will give him credit for the state’s post-recession economy. McCrory noted the state’s unemployment rate improved dramatically since […]

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Unemployment fund rebounds, yet jobless rate lags

| November 13, 2015 | 0 Comments

by Laura Leslie, WRAL, November 12, 2015. Gov. Pat McCrory announced Thursday that the state’s unemployment reserve fund has reached $1 billion, its highest level since 2001. That’s a significant improvement over early 2013, when North Carolina businesses owed about $2.5 billion to the federal government for jobless benefits covered by the U.S. Department of […]

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Poor counties, small businesses largely left out of incentives

| October 22, 2015 | 1 Comment

by Tyler Dukes, WRAL, October 22, 2015. New data from the state commerce department shows economic incentive projects designed to lure new jobs continue to land in the state’s wealthiest counties, despite criticism that the strategy is leaving needier, rural areas of the state behind. One of North Carolina’s largest incentive projects also drew critique […]

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Gap widens between N.C. and U.S. jobless rates

| September 21, 2015 | 1 Comment

by Richard Craver, Winston-Salem Journal, September 18, 2015. The gap between the state and national jobless rates widened again during August, with the state rate now at nearly a full percentage point higher. The N.C. Commerce Department reported Friday the state’s rate was 5.9 percent, unchanged from July and down from 6 percent in August […]

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Duke survey: Jobs go unfilled because execs can’t find qualified workers

| September 10, 2015 | 1 Comment

by Rick Smith, WRAL TechWire, September 10, 2015. U.S. job openings are at a record high of 5.8 million, and a new survey from Duke University provides a key reason: Employers say they can’t find workers with required skills for many openings. As a result, employers are planning to boost pay in an attempt to […]

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Novo Nordisk to add nearly 700 jobs in Johnston County expansion

| August 26, 2015 | 1 Comment

by Rick Smith, WRAL TechWire, August 26, 2015. Novo Nordisk is expanding its drug-making presence in Johnston County with a facility that will add at least 691 jobs. The average wage will be $68,420, which is more than Johnston County’s average wage of $34,448. The facility, worth $1.2 billion, will manufacture active ingredients for diabetes […]

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