RSSCategory: Economy

Delay on incentives worries former commerce leaders

| April 28, 2015 | 1 Comment

by Tyler Dukes, WRAL, April 28, 2015. Former leaders of the state’s commerce agency warn that the uncertainty over North Carolina’s job incentives programs is affecting the state’s ability to compete with the rest of the Southeast. Gov. Pat McCrory and current Department of Commerce leaders have for months expressed their concerns over the expiration […]

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State leaders: A company like Volvo can’t find ‘certainty’ in NC incentives

| April 22, 2015 | 1 Comment

by Richard Barron, Greensboro News-Record, April 21, 2015. Volvo may have dropped North Carolina from its list of prospective plant sites because this state can’t promise its incentive programs have solid legislative support, the state’s administration suggested Tuesday. Amid reports that Volvo is considering South Carolina or Georgia for a $500 million plant, North Carolina […]

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Economic impact of Metropolitan areas

| February 16, 2015 | 0 Comments

by Rebecca Tippett, UNC Carolina Population Center, January 25, 2015. “More and more, the U.S. economy is defined by its metropolitan areas,” writes Richard Florida at The Atlantic’s CityLab blog. Just over 90% of the nation’s economic activity occurs in metro regions. In North Carolina, the state’s 15 major metropolitan regions also comprised the majority of economic […]

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Oxfam study finds richest 1% to control half of world’s wealth by 2016

| January 26, 2015 | 0 Comments

by Patricia Cohen, New York Times, January 19, 2015. The richest 1 percent are likely to control more than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening global inequality comes just as the world’s business elite prepare to meet this week […]

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Tax filing changes could generate confusion

| January 20, 2015 | 0 Comments

by Richard Craver, Winston-Salem Journal, January 18, 2015. Tax filing season begins in earnest Tuesday in North Carolina, with significant federal and state changes that could confuse and exasperate some taxpayers. For example, North Carolinians will be required for the first time to provide basic information regarding their health insurance, or whether they had any […]

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When big business comes for the money, they leave for the same reason

| January 15, 2015 | 1 Comment

by Kathryn Brown, WRAL, January 14, 2015. Banana producer Chiquita Brands International’s notice Wednesday that its headquarters will leave Charlotte by the end of next year – a loss of about 300 jobs – is the latest in a series of similar announcements from several large companies and corporations in recent weeks. Is it a coincidence, or […]

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Biz leaders predict NC economy will grow by 4 percent

| January 6, 2015 | 0 Comments

by Kathryn Brown, WRAL, January 5, 2015. Hundreds of business leaders from across North Carolina convened in Research Triangle Park on Monday to hear from experts in the fields of business, government, education and nonprofits about their predictions for the economy in 2015. The annual Economic Forecast Forum was hosted by the North Carolina Bankers […]

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NC stocks rose faster than the market in 2014

| January 1, 2015 | 1 Comment

by Ely Portillo, Charlotte Observer, December 31, 2014. Shares of the 50 largest publicly traded companies headquartered in North Carolina rose faster than the stock market as a whole in 2014, driven in part by a resurgence in mergers and acquisitions that boosted prices of some of the state’s most prominent companies. Of the state’s […]

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NC unemployment rate at 5.8%, lowest since May 2008

| December 20, 2014 | 1 Comment

by Jon Murawski, News and Observer, December 19, 2014. North Carolina’s jobless rate fell to 5.8 percent in November, the lowest since May 2008, as the state’s economy gains force in the second half of the year. The state’s jobless rate fell from 6.3 percent in October and has dropped from 7.4 percent one year […]

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GSK cutting 900 jobs in RTP

| December 4, 2014 | 0 Comments

by David Bracken, News and Observer, December 3, 2014. The Triangle felt the brunt of the global restructuring now taking place in the pharmaceutical industry on Wednesday as GlaxoSmithKline announced plans to cut 900 jobs here. GSK, which has seen its sales deteriorate faster than expected over the past year, is shrinking both its research […]

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