RSSCategory: Economy

Fade to black on our state’s film industry?

| September 29, 2014 | 1 Comment

Editorial by The Time-News, September 26, 2014. Will Pat McCrory be remembered as the governor who killed the film industry in North Carolina? It could be, if the film community’s most dire predictions come to pass.  McCrory has announced that he won’t call the General Assembly back in session to discuss film incentives, historic preservation […]

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State jobless rate rises in May

| June 23, 2014 | 0 Comments

by Richard Craver, Winston-Salem Journal, June 20, 2014. The state’s unemployment rate reversed course for the first time in 11 months during May, rising 0.2 percentage points to 6.4 percent, the N.C. Commerce Department reported Friday. The monthly report, as has been the case for nearly a year, has a good-news, bad-news element to it. […]

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NC Jobless rate rises in May as 19,000 enter job market

| June 21, 2014 | 0 Comments

by John Murawski. Charlotte Observer, June 20, 2014. North Carolina’s jobless rate inched up to 6.4 percent in May as nearly 19,000 job seekers entered the job market in search of work. The uptick in the state’s jobless rate, from 6.2 percent in April, is the first time in two years the monthly rate has […]

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3 companies bring at least 3,900 jobs to South Carolina

| June 17, 2014 | 0 Comments

by Eric Frazier, Charlotte Observer, June 16, 2014. hree companies will bring a combined 3,900 new jobs to York and Chester counties, S.C. Gov. Nikki Haley announced Monday in the Palmetto State’s biggest job-recruitment day in recent memory. Two of the companies are Charlotte firms crossing the state line, raising questions about North Carolina’s economic competitiveness. […]

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NC Senate bill for private economic development organization criticized

| June 5, 2014 | 0 Comments

by Richard M. Barron, Greensboro News-Record, June 4, 2014. The N.C. Senate has written a new version of a bill that would turn a division of the N.C. Department of Commerce into a private corporation. The problem is, the bill is too strict — or too lenient — depending which side you’re on. Gov. Pat […]

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Connaughton: Economy to cool slightly in 2014

| June 4, 2014 | 0 Comments

by Steve Cranford, Charlotte Business Journal, June 3, 2014. The North Carolina economy should grow at an inflation-adjusted rate of 1.9 percent in 2014, down from 2.3 percent last year, according to UNC Charlotte economistJohn Connaughton. The slowing will stem from monetary policy at the federal level and the impact of baby boomers reaching retirement age. The […]

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Senate votes to eliminate local business taxes

| May 29, 2014 | 1 Comment

by John Frank, Charlotte Observer, May 28, 2014. RALEIGH To lower local taxes on businesses, state lawmakers may force cities and towns onto a $62 million fiscal cliff. The state Senate on Wednesday voted 37-9 to give preliminary approval to a wide-ranging tax bill that includes a provision to revoke the authority of municipalities to […]

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Median CEO pay crosses $10 million …257 times the average worker pay

| May 27, 2014 | 0 Comments

by Ken Sweet, Associated Press, published in News and Observer, May 27, 2014. They’re the $10 million men and women. Propelled by a soaring stock market, the median pay package for a CEO rose above eight figures for the first time last year. The head of a typical large public company earned a record $10.5 […]

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Triangle jobless rate increases, worrisome trend in the middle

| April 30, 2014 | 0 Comments

by David Bracken, News and Observer, April 29, 2014. The Triangle unemployment rate edged up in March despite the region adding 3,700 jobs on a seasonally adjusted basis during the month. The jobless rate increased two-tenths of a percentage point to 5.4 percent, according to data released Tuesday by the N.C. Department of Commerce and […]

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Fate of film incentives in lawmakers’ hands

| April 22, 2014 | 2 Comments

by Molly Parker, Wilmington Star-News, April 21, 2014. Finding the legislative willpower to extend North Carolina’s film credits so coveted by film supporters in Wilmington, Charlotte and the state’s other TV and movie towns will require the support of legislators from areas less directly affected by the industry. An informal poll of some of those […]

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