All tagged gov cooper

Incentives package worth $1.2 billion draws electric car plant to NC

A Vietnamese automaker has announced plans to build a $4 billion electric-vehicle assembly and battery-manufacturing plant at Triangle Innovation Point in Moncure, about 30 miles west of the Triangle. To attract the newly formed company, the state and Chatham County promise to spend nearly $1.2 billion in incentives over the next 32 years. Meantime, VinFast is working to secure $1 billion in investment money to build the plant.

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.

Late COVID unemployment checks tangled in red tape, according to new state audit

Nearly half a billion dollars in first-time unemployment benefits in North Carolina were not paid out in a timely manner during the height of the COVID-19 pandemic. That’s according to an audit released from State Auditor Beth Wood’s office on Monday. The Division of Employment Security didn’t issue $438 million of first unemployment benefit payments during the period of January 1, 2020, through March 31, 2021.

State democrats get reality check

The North Carolina General Assembly is going to stay in Republican hands after the 2022 midterms. For state Democrats, this is a bitter pill to swallow. That they’ve already managed to swallow it, however, is evident in their manifest failure to recruit enough candidates to put up a credible fight this year for control of the legislature.