North Carolina unemployment rates decreased in 57 counties in April, while the not seasonally adjusted statewide rate was 3.4%.
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Commerce: April unemployment fell in 57 counties
North Carolina unemployment rates decreased in 57 counties in April, according to the N.C. Department of Commerce.
John Hood: Higher exports would aid Carolina economy
While some economic metrics continue to offer good news to North Carolinians, others point in a different direction. U.S. agricultural exports, for example, fell by $17 billion last year and appear to be on track for another decline of about $8 billion or so this year.
Momentum Builds for the Clean Energy Economy in 2023
This year, Governor Roy Cooper announced 14,114 new jobs in North Carolina, representing 134 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 North Carolina.
NRCC Chairman Hudson Statement on the Fiscal Responsibility Act
NRCC Chairman Richard Hudson (R-NC) released the following statement on passage of the Fiscal Responsibility Act
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.
Commercial vehicle supplier to invest $4 million in Morganton expansion
Meritor, Inc. [NYSE: MTOR], a supplier of commercial vehicle solutions, will add 25 new jobs in Burke County, Governor Roy Cooper announced today. The company will invest more than $4 million to expand its trailer operation in the City of Morganton.
Governor Cooper honors North Carolina’s Black STEM leaders during Black History Month
Governor Roy Cooper recognized North Carolina’s African American leaders and organizations in the science, technology, engineering and math fields for their critical work.
Governor Cooper announces Sherwin-Williams expansion in Iredell County
The Sherwin-Williams Company (NYSE: SHW), the well-known global manufacturer of paints and coatings, will create 183 jobs in Iredell County as it expands its facilities in Statesville, Governor Roy Cooper announced today. The company will invest $324 million to significantly expand its manufacturing capacity and establish a larger distribution facility at the site.
Plumbing supplier to increase manufacturing footprint with $13 million investment in Thomasville
BrassCraft Manufacturing Company, leading provider of rough plumbing products, will create nearly 100 new jobs in Davidson County, Governor Roy Cooper announced today. The company will invest more than $13 million to expand its manufacturing operations in the City of Thomasville.
Governor Cooper announces Boom will manufacture Supersonic Aircraft
Boom Supersonic, the high-profile aviation company building modern supersonic airliners for commercial service, will build its manufacturing and final assembly facility in Greensboro, creating more than 1,750 jobs by 2030, Governor Roy Cooper announced today. The project will bring an investment of more than $500 million through 2030 at a site located at the Piedmont Triad International Airport in Guilford County.
Op-Ed Bryson Smith: A bipartisan solution to protecting the Tar Heel Tech Hub
The North Carolina economy is second to none for small businesses, entrepreneurship, and innovation. Growing up and proudly calling the Tar Heel state home, I have witnessed the rapid expansion of our tech industry. Tech companies, large and small, and ambitious app developers have flocked from across the country to Charlotte and Raleigh, helping secure North Carolina as one of the top states for business.
Governor Cooper announces CPR equipment producer’s plans to establish facility in Franklin County
Medical equipment supplier, Innosonian America, LLC, will create 34 new jobs in Franklin County, Governor Roy Cooper announced today. The company will invest $345,000 to relocate its warehousing and sales facility to the Town of Youngsville.
Our sky was never falling
From July 2020 to July 2021, there was a net inflow of 637,729 Americans into these top-five destination states: Florida, Texas, Arizona, North Carolina, and South Carolina. During the same period, there was a net outflow of 918,443 Americans from these top-five exporter states: California, New York, Illinois, Massachusetts, and Louisiana.
Economist predicts inflation, even price controls, in 2022
Whether it is filling up at the pump, paying more for goods and services, or not finding your favorite item on the grocery store shelves, there is no denying that inflation and supply chain issues have affected everyone in one way or another. Mike Walden, professor emeritus in economics at North Carolina State University, said prices unfortunately look like they'll be getting worse before they get better.
Governor Cooper signs executive order detailing next steps to a clean energy and equitable economy North Carolina
Governor Roy Cooper today issued Executive Order No. 246 affirming North Carolina’s commitment to a clean energy economy and directing next steps in the state’s plan to achieve net-zero greenhouse gas emissions and create economic opportunities for North Carolinians across the state, especially in underserved communities.
Manufacturing continues to thrive
With the recent announcements of a new Toyota battery plant in Randolph County, a new Fujifilm Diosynth drug plant in Wake County, a large MasterBrand cabinet facility in Kinston, and a big White River Marine operation in New Bern for making saltwater boats, among other projects, North Carolina’s manufacturing sector appears to be thriving.
Science 37 selects Research Triangle region for new headquarters
Science 37, Inc. [ NASDAQ: SNCE ], the Agile Clinical Trial Operating System, will relocate its corporate headquarters from California to North Carolina’s Research Triangle region and create 250 jobs over five years in Wake County, Governor Roy Cooper announced today. The company will invest nearly $1.5 million to establish operations in the Town of Morrisville.
Governor Cooper announces Kroger will build customer fulfillment center in Cabarrus County
The Kroger Co. (NYSE: KR) America’s largest grocery retailer, will build a high-tech customer fulfillment center in Cabarrus County and create nearly 700 jobs over five years to support a logistics facility that will be established in the City of Concord, Governor Roy Cooper announced today.
Toyota brings Megasite, 1,750 Jobs, to North Carolina
Today Toyota Motor North America announced they will be building a major-scale battery manufacturing plant to North Carolina, bringing 1,750 jobs to Greensboro, NC.