All tagged economy

Governor Cooper announces grants to rural communities to attract 820 new jobs and more than $264 million in private investment

The North Carolina Rural Infrastructure Authority (RIA) has approved 11 grant requests to local governments totaling $4,989,034, Governor Roy Cooper announced today. The requests include commitments to create a total of 964 jobs, 144 of which were previously announced. The public investment in these projects will attract more than $264 million in private investment.

Governor Cooper commits to offshore wind power as North Carolina creates jobs by transitioning to a clean energy economy

Governor Roy Cooper today issued Executive Order No. 218 highlighting North Carolina’s commitment to offshore wind power as the state transitions to a clean energy economy. The Executive Order highlights the economic and environmental benefits of offshore wind and directs actions to help North Carolina secure the jobs and economic development associated with the industry’s estimated $140 billion investment over the next 15 years to develop projects from North Carolina up the Atlantic Coast.

Will hybrids drive the economy?

Plenty of politicians, planners, and business folks think they know what North Carolina’s post-pandemic economy will look like. But few seem entirely sure. They are noticeably hedging their predictions, which I consider to be a wise precaution. They ought to be hedging their bets, as well.

Aluminum can manufacturer to significantly expand capacity through investment in Winston-Salem

Ardagh Group (NYSE:ARD), a global supplier of sustainable, infinitely recyclable, metal and glass packaging, will add 94 new jobs in Forsyth County, Governor Roy Cooper announced today. The company will invest at least $195 million to expand its current beverage can metal manufacturing facility in Winston-Salem. Further, the new jobs will be at a prevailing wage of at least 130% of the local average.

Still Room to Improve on Regs

When it comes to our business climate and economic prospects, North Carolinians are used to receiving accolades. Let’s add another to the list. The Cato Institute just released a study of regulatory barriers facing entrepreneurs. North Carolina fared well in the analysis, ranking 12th-best in the nation.