A recent examination by the Tax Foundation shows North Carolina’s high net migration rate may be due to its friendly tax climate. The nonprofit, nonpartisan group annually examines migration trends, using data from United Van Lines, the largest moving company in the country. That company’s National Movers Study found that in 2020, Idaho saw the highest percentage of net migration at 70%, followed by South Carolina (64%), Oregon (63%), South Dakota, and Arizona (both 62%). North Carolina ranked sixth at 60%.The states with the highest exodus? New Jersey, New York, Illinois, Connecticut, and California.
Most North Carolina small businesses remain open but have seen revenues decline in the face of the COVID-19 pandemic, according to results from a new survey of North Carolina small businesses released today by the Department of Commerce.
The year of 2020 will leave little for Brant and Karen Barnes. Their income vanished when the governor shut down North Carolina in March. Barnes suffered a heart attack in June. A tree toppled across their house in July, and their pottery studio burned down. The latest blow was losing the Western North Carolina Pottery Festival.
Governor Roy Cooper announced today that Adverum Biotechnologies, Inc., a California-based gene therapy company targeting unmet medical needs in ocular and rare diseases, will invest $82.8 million for a new gene therapy manufacturing facility in Durham County. This investment will create more than 200 new jobs.
Bar owners from six counties across North Carolina are going to court to challenge the governor’s executive orders shutting down their businesses. Their lawsuit seeks to have a key piece of the state Emergency Management Act declared unconstitutional.
Intercontinental Capital Group Inc, a direct mortgage lender specializing in single-family residential properties, will significantly expand its Charlotte operations, adding 500 jobs over the coming five years, Governor Roy Cooper announced this week. The company’s plans in Mecklenburg County include a capital investment of $5,844,450.
Owners of a popular Greenville bar claim Gov. Roy Cooper’s COVID-19 shutdown orders violate their constitutional rights. They’re taking the governor to court with help from a national group.
bout 25% of gyms in the U.S. will close by year’s end, a new study shows. The global pandemic is the biggest disruption the fitness industry has ever faced, writes Nick Rizzo of RunRepeat, which specializes in shoes for athletes and studies the fitness industry.
Taysha Gene Therapies, Inc. (Nasdaq: TSHA), a patient-centric gene therapy company, has selected Durham as a site for its gene therapy manufacturing facility, Governor Roy Cooper announced today. The site is expected to create approximately 200 jobs over the next two and a half years. The Research Triangle area project confirms North Carolina’s growing role in gene therapy, a promising approach for fighting a host of challenging genetic diseases.
Duke Energy issued the following statement in response to last week’s ruling by the North Carolina Supreme Court in a case regarding a 2018 North Carolina Utilities Commission order that had addressed costs associated with coal ash management and safe basin closure:
