All in Business
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.
Applications are now being accepted for a new round of grantmaking from the One North Carolina Small Business Program, a key source of capital for North Carolina’s emerging technology companies.
State Auditor Beth Wood is investigating the city of Goldsboro over possible mismanagement and misappropriation of funds.
Small, women-owned and disadvantaged business owners wanting to learn how to compete for state transportation contracts are invited to attend a free workshop Jan. 22 in New Hanover 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.
At this moment in world history, we are the richest, healthiest, smartest, and most connected humans that have ever lived. Our drinking water is cleaner than it has ever been. Our GDP is the highest, babies are healthier, lifespans are longer, and our food is abundant. (Ex: 150 years ago, a cow produced 1000 pounds of milk in a year. Today, a cow produces 16,000 pounds annually).
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.
