All tagged business
The Crump Group Inc., a Canadian manufacturer of all natural, limited ingredient pet treats will locate its first production facility in the United States in Nash County, creating 160 jobs, Governor Roy Cooper announced today. The company will invest $13.2 million to outfit a new manufacturing and distribution center in Nashville.
The NFIB Research Center released today a new tax survey of small business owners assessing their biggest tax challenges, implications of potential changes to the tax code, and how tax policy impacts business operations. Most notably, federal income and payroll taxes are significant costs and administrative burdens for small businesses.
CNBC has ranked North Carolina as the second best state for business in its annual Top States for Business report. North Carolina received high rankings for its strong economy and workforce. However, the state received low rankings for life, health and inclusion — preventing the state from being the Top State for Business.
The NFIB Research Center released its latest COVID-19 survey today on how the pandemic has affected small businesses. This is the 18th survey in the series and included in this edition is an update on SBA small business programs, sales levels, staffing shortage, and more.
The North Carolina Department of Commerce has awarded grants totaling almost $288,000 to support three innovative youth workforce development projects, Governor Roy Cooper announced today.
With the end of the state’s fiscal year just three weeks away, the N.C. House and Senate have reached a deal for the next budget. After weeks of closed negotiations, N.C. Senate and House leaders have agreed to a top-line spending number of $25.7 billion in the first year and $26.7 in the second year. That’s a spending increase of 3.45% in the first year of the biennium and 3.65% in year two.
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.
Credit Karma, a personal finance technology company, will add 600 new jobs in Mecklenburg County, Governor Roy Cooper announced today. The company will invest more than $13 million to expand its Charlotte presence with a new high-tech engineering hub.
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.
Fidelity Investments will be creating a new Regional Center for its Personal Investing business, adding 500 new jobs at its existing campus in Research Triangle Park over the next few quarters, Governor Roy Cooper announced today.
Gov. Roy Cooper is leading a nationwide effort in cooperation with Michigan Gov. Gretchen Whitmer to encourage business leaders to publicly oppose states that pass election-reform laws.
Multiple sources have confirmed to Carolina Journal that 13th District Congressman Ted Budd will enter the U.S. Senate race in the coming weeks. Budd will be campaigning for the U.S. Senate seat being vacated by retiring Sen. Richard Burr by early summer.
North Carolina Main Street Champions will be recognized for their commitment to downtown revitalization and strong communities during a virtual recognition ceremony today.
Taxing the income, sales, or property of a business is a means of paying for government services associated with that business activity. It pays for police, courts, and other means of protecting property and adjudicating disputes. It pays to train current workers and educate future ones. It helps pay for local streets and other infrastructure.
A Superior Court judge asked repeatedly Thursday, Feb. 18, for evidence that would justify state government orders that keep private bars closed across North Carolina.
North Carolina, which saw a tightening of the presidential race in the 2020 election, was among the states that saw an influx of money from Mark Zuckerberg in the months leading up to the voting. Capital Research Center noted that Zuckerberg and his wife, Priscilla Chan, donated $350 million to the Center for Technology and Civic Life, which in turn gave the money to local election officials. CRC argues that the formerly small group “became an activist juggernaut with the means to effectively manage the election in numerous cities and battleground states across the nation.”
CRC said $4.3 million of these “Zuck bucks” went to 34 North Carolina cities and counties, in addition to a $1 million grant to the state board of elections. CRC said Biden gained about 80,000 votes in the counties that received the grants.
The COVID-19 crisis has brought death, economic destruction, and wrenching social change. As a combination of post-illness immunity and rising vaccinations begins to suppress the pandemic, we’re going to feel a powerful impulse to put as much of this horrendous experience as possible behind us.
Attorney General Josh Stein today sued Facebook Inc., alleging that the company used its monopoly power to buy competitors and cut services to others to maintain its monopoly, which ultimately harms people by reducing privacy protections, degrading services, and stifling competition. Attorney General Stein was part of the executive committee leading the multistate investigation into Facebook.
