All in State Government

John Hood: State economy rests on diverse portfolio

RALEIGH — The late Harry Markowitz, who won the 1990 Nobel prize in economics for his work on portfolio theory, reportedly said “diversification is the only free lunch” in investing. By distributing your savings across a broad base of stocks, bonds, and other asset classes, you maximize long-term gains and minimize risk — assuming that the performance of the assets in question isn’t strongly correlated.

2023 Annual Report: NC's First in Talent Plan Shows Promise

Raleigh, N.C. - The North Carolina Department of Commerce and several of its state partners provided updates on the state’s economic development strategic plan during a virtual First in Talent Town Hall today. The 2023 annual economic performance evaluation report noted that the Commerce department has made progress on 32 of the 44 tactics in the plan since launching in 2021.