All in Business
Governor Roy Cooper announced 24,224 new jobs in North Carolina last year, representing 185 business recruitment, expansion or rural development projects that engaged with the North Carolina Department of Commerce or its team at the Economic Development Partnership of N.C. in 2021. These projects will bring $10.1 billion of capital investment into the state, marking new all-time highs for economic development performance.
The $846 million subsidy deal that North Carolina struck with Apple just topped the “year’s worst” list of a nonpartisan economic think tank. The Center for Economic Accountability selected the 39-year agreement to put Apple’s campus in Research Triangle Park as the “Worst Economic Development Deal of the Year,” saying that its annual $21 million cost to the state led the list of reasons.
The number of workers employed statewide (not seasonally adjusted) increased in November by 12,364 to 4,896,622, while those unemployed decreased by 15,601 to 170,606.
North Carolina ranks just outside of the top 10 states, at No. 11, in the latest Tax Foundation State Business Tax Climate Index.
LT Apparel Group, a leading manufacturer of children’s wear apparel is expanding operations in North Carolina with an investment of at least $57 million in Greensboro. The company’s project will add a minimum of 116 new jobs to the community and will help increase industrial capacity at the Reedy Fork Corporate Park.
Several businesses, chambers of commerce, state legislators, and US Sen. Thom Tillis received statewide recognition for their outstanding leadership in advancing clean energy opportunities in North Carolina during the 7th annual “North Carolina Clean Energy Champions” awards event on Tuesday afternoon.
The Town of East Laurinburg’s charter hangs in the balance as the Local Government Commission recently voted unanimously to impound the town’s books and assume full control of its finances due to misappropriation of funds. It comes after an investigative report in October by State Auditor Beth Wood’s office.
With an ever-expanding federal government, the U.S. has fallen out of the top five countries for economic freedom, according to a new report from the Fraser Institute.
Having trouble getting a hair appointment or other services? There are three bills sitting in the Senate Rules Committee that sponsors say would loosen bureaucratic red tape for some small service businesses. Bill sponsors are eager to see them move before lawmakers adjourn for the year.
MasterBrand Cabinets, one of the largest cabinet manufacturers in North America, will expand its operations in Lenoir County to create more than 464 jobs over five years, Governor Roy Cooper announced today. The company will invest more than $13.5 million to expand production capacity at its manufacturing center in Kinston.
Hosokawa Custom Processing Services, a contract chemical processor, will create 16 new jobs in Wayne County, Governor Roy Cooper announced today. The company will invest $6.5 million to relocate a processing center to Goldsboro.
Meel Corp, a frozen food company, will create 24 new jobs in Granville County, Governor Roy Cooper announced today. The company will invest $5.7 million to relocate a production facility in Oxford.
A top publication for corporate real estate and expansion planning named North Carolina as tops in the country in terms of a friendly business climate.
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.
Jaguar Gene Therapy, LLC, an Illinois-based gene therapy company, will create 200 new jobs and invest more than $125 million to locate a GMP facility in Durham County, Governor Roy Cooper announced today.
The North Carolina Department of Health and Human Services joined approximately 40 cross-sector health care organizations committing to using and sharing high-level data about race, ethnicity, language and gender to inform best practices to promote health equity.
At 10 AM ET, Governor Roy Cooper will partner with the National Foundation for Governors’ Fitness Councils (NFGFC) to unveil new state-of-the-art DON’T QUIT! fitness centers gifted to three North Carolina schools. Perquimans County Middle School in Winfall, C.M. Eppes Middle School in Greenville and Northridge Middle School in Charlotte were selected as outstanding schools for demonstrating leadership in getting and keeping their students fit.
The government-imposed lockdowns of last year wrecked the global economy, and the fitness industry was among the businesses hurt most by the closures.
WestRock Company [NYSE:WRK], a global manufacturer of differentiated paper and packaging solutions, will create 50 new jobs in Catawba County, Governor Roy Cooper announced today. The company will invest more than $47 million to expand its manufacturing facility in Claremont.
Custom Alloy Corporation (CAC), a heavy manufacturer of pipe fittings and forgings has selected Stanly County for a new industrial operation, creating 40 jobs, Governor Roy Cooper announced today. The company will invest $8.1 million in a facility located in Badin that will produce products for the U.S. Navy.
