North Carolina is one of our country’s economic powerhouses. Blessed with a favorable business climate and a creative, hard-working population, our state is home to many thriving companies that export goods and services all over the world.
All tagged economy
John Hood: Should today's teens be optimistic?
The North Carolina of my childhood had an economy very different from that of the average state. Today our economy remains distinctive, though not by as much.
John Hood: North Carolinians Think Recession Is Here
North Carolinians are greatly concerned about our economy. According to the John Locke Foundation’s latest Civitas Poll, 77% of state voters believe we are currently in a recession. Most call inflation “a huge problem” and say it’s difficult to afford housing, food, and gas.
North Carolina's June Employment Figures Released
The state’s seasonally adjusted June 2022 unemployment rate was 3.4 percent, remaining unchanged from May’s revised rate. The national rate remained unchanged at 3.6 percent.
CNBC Names North Carolina as America’s Top State for Business in 2022
RALEIGH: CNBC has named North Carolina as America’s Top State for Business in 2022. This morning, Governor Roy Cooper joined CNBC’s Scott Cohn at the Oceanic at the Crystal Pier in Wrightsville Beach for a live broadcast where the winner was revealed.
John Hood: Housing Demand Will Stay Strong
For much of the past year, housing markets were ablaze in many parts of North Carolina. Motivated buyers were flush with cash and armed with low-rate loans. Agents were desperate for inventory to sell. Sellers gasped and smiled as competing offers soared upward. Builders broke ground on as many new projects as available labor and materials allowed.
The deadline to apply for business recovery grants Is Wednesday, June 1
The deadline for businesses impacted by the COVID-19 pandemic to apply for Phase 2 of the Business Recovery Grant Program (BRG) is Wednesday, June 1. BRG will issue a one-time payment to eligible North Carolina businesses that suffered an economic loss of at least 20 percent during the pandemic. BRG is funded by the federal American Rescue Plan. The N.C. Department of Revenue is administering the program.
Mike Parker: Manufacturing explosion bodes well for Kinston and Lenoir County
But one particular printed news release caught my attention. That release announced that West Pharmaceutical Services will invest more than $70 million to expand its Kinston facility. I recalled that Amazon is also coming to Kinston and that Master Brand Cabinets also committed to expanding its facility and workforce in our area.
North Carolina jobs and GDP economy fully recovered to pre-pandemic levels in 2021
North Carolina’s economy fully returned to the employment level it enjoyed before the COVID-19 pandemic sent the world into an economic recession, state economists said Monday. The state’s economy recovered to pre-pandemic employment levels in July of 2021 and the GDP even earlier, and the state’s economy continues to grow despite concerns of inflation and high gas prices.
North Carolina's November county and area employment figures released
Unemployment rates (not seasonally adjusted) decreased in 97 of North Carolina’s counties in November and increased in three. Scotland County had the highest unemployment rate at 7.0 percent while Orange County had the lowest at 2.4 percent.
Dan E. Perry: Change will not happen if you do not vote!
Recently I heard a conversation between a talk show host and his guest. In discussing the present run-away inflation and the many failed policies of the present administration, the guest observed that, “I can’t think of anything positive about the Biden administration. It’s all going in the wrong direction. Even those who hate Trump must admit that at least we had a lot of good things going our way.”
Governor Cooper proclaims employ a Veteran week
North Carolina will celebrate “Employ A Veteran Week,” Nov. 8-12, with a variety of events to help connect veterans to jobs and other services, Governor Roy Cooper announced today.
John Hood: Public conflicted on housing markets
As they witness rapidly escalating costs for building, buying, and maintaining homes, the vast majority of North Carolinians clearly want their leaders to do something about affordable housing.
NC Commerce Secretary announces 110 new jobs and $28 million invested at NCGTP
Global manufacturer of household appliance components, Grupporeco, will create 110 new jobs in Lenoir County, Governor Roy Cooper announced today. The company will invest $28 million to build its first manufacturing facility for dishwasher components in North America.
Governor Cooper announces grants to rural communities to attract 294 new jobs and more than $103 million in private investment
A $120,000 grant will support demolition and repair work related to the renovation of a vacant, 255,000-square-foot building in Kinston, where Crown Equipment is expanding its operations. The company manufactures a line of high-quality lift trucks, including electric and internal-combustion models. The overall project is expected to create more than 130 jobs and represents an investment of $13.2 million by the company, while 16 of those jobs are tied to this grant.
John Hood: Government shouldn’t set prices
I think debates about the minimum wage represent a telling case. Over the decades, I have heard many advocates claim that businesses themselves will be better off if government raises the minimum wage. Why? Because if businesses paid much higher wages, that would reduce turnover and make their employees more productive.
John Hood: Will hybrids drive the economy?
I’m not talking about motor vehicles. I’m talking about work schedules. With so many North Carolinians having experienced months of doing their jobs from home, will they want to come back to the office full-time? If so, there won’t be meaningful changes in traffic patterns, consumer behavior, and the market for commercial and residential real estate.
NC News: Governor Cooper announces Apple will create 3,000 jobs in Wake County
Apple has selected North Carolina’s Research Triangle region as the location for its newest research and development campus and will create 3,000 jobs in Wake County, Governor Roy Cooper announced today. Apple plans to invest more than $1 billion in the state by 2032.
John Hood: Too many workers are sidelined
The latest federal job report is out — and it shows North Carolina’s employment recovery stalling out a bit during the first quarter of 2021.
Snow Hill included in first round of North Carolina's community economic recovery and resiliency initiative
Administered by the Department’s Rural Economic Development Division, Rural Planning Program, CERRI will provide a structured planning process for communities to develop strategies for local economic recovery and offer technical services to assist with the implementation of each community’s local strategies.