High staff vacancies meant NC agencies left budgeted money unspent
North Carolina agencies left untouched more than $1 billion set aside for them, partly because of the state employee staff shortage, the state budget office said Monday.
Business
Commerce Secretary Machelle Baker Sanders on CNBC Ranking, NC Named America’s Top State for Business, Two Consecutive Years
North Carolina Commerce Secretary Machelle Baker Sanders issued a statement today, following CNBC’s announcement naming North Carolina “America’s Top State for Business” for the second year in a row:
New business creations at near-record levels through April
As the nation celebrates National Small Business Week this week, N.C. Secretary of State Elaine F. Marshall reported to the Council of State today that new business creation filings for 2023 are at near-record levels.
Raleigh-based First Citizens agrees to buy failed SVB
Raleigh-based First Citizens has agreed to buy the failed SVB (Silicon Valley Bank). The FDIC issued a statement late Sunday that they agreed on the sale of all deposits and loans of the troubled bank.
Marc Rotterman, former host of Front Row, files complaint to compel David Crabtree, PBSNC to stop “stonewalling” and comply with open records request
Former host of Front Row with Marc Rotterman on PBSNC, Marc Rotterman, and Old School Productions (OSP) have filed a verified complaint in Wake County Superior Court to compel PBS North Carolina (PBSNC) to comply with their open records request, which was submitted over two-and-a-half months ago. The request was related to the recent cancellation of the highly popular political panel discussion show, which the complaint alleges was due to the show moving too far to the right. Attorney Kieran J. Shanahan of Shanahan Law Group, PLLC, representing OSP and Rotterman, claims that PBSNC has chosen to stonewall a legitimate public records request, prompting the legal action.
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.
Survey finds most businesses meeting or exceeding revenue goals
Sixty nine percent of businesses responding to an ongoing survey of North Carolina businesses report they either met or exceeded their revenue expectations in the month of January, according to preliminary results from the state’s Business Pulse Survey.
The NC Department of Revenue pauses business recovery grant phase 2 process
The NC Department of Revenue will temporarily pause accepting Phase 2 applications for Business Recovery Grants as the General Assembly considers increasing eligibility for additional types of businesses.
Governor Cooper announces pharmaceutical company BestCo will expand in Iredell County creating 394 jobs
BestCo LLC, a leading manufacturer of innovative over-the-counter pharmaceutical, vitamin, and supplement products will significantly expand its facilities in Iredell County, creating 394 jobs, Governor Roy Cooper announced today. The company will invest $177 million to increase production capacity in Mooresville.
Case against former Forsyth County investment adviser concludes with guilty plea, lengthy sentence
A multi-year investigation led by law enforcement agents with the North Carolina Secretary of State’s Securities Division with the assistance of the US Postal Inspection Service ended Tuesday with Forsyth County Superior Court Judge David Hall sentencing Russell Joseph Mutter to a minimum of 16 years, 3 months and a maximum of 22 years, 5 months in prison for a scam in which 12 victims – most of them elderly – lost over $3.3 million.
Mt. Olive Pickle to expand in Goldsboro with a $35 million investment
Mt. Olive Pickle Company, Inc. will create 167 jobs in Wayne County, Governor Roy Cooper announced today. The company will invest more than $35 million to expand its manufacturing, warehouse, and distribution operations to Goldsboro.
Governor Cooper announces Boom will manufacture Supersonic Aircraft
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.