Frozen food company to invest $5 million in Oxford
Meel Corp, a frozen food company, will create 24 new jobs in Granville County, Governor Roy Cooper announced today. The company will invest $5.7 million to relocate a production facility in Oxford.
business
Business publication ranks N.C. first in the nation for business climate
A top publication for corporate real estate and expansion planning named North Carolina as tops in the country in terms of a friendly business climate.
Mortgage discrimination claims are bunk
A few weeks ago, the Associated Press and a nonprofit journalism outfit called The Markup released a dataset and news stories purporting to prove the existence of pervasive discrimination against racial minorities by mortgage lenders. The McClatchy newspapers in North Carolina (The Charlotte Observer, The News & Observer in Raleigh, and the Herald-Sun in Durham) splashed the Markup/AP findings across their front pages and contributed additional reporting about the North Carolina-specific data.
Lawmakers OK regulatory sandbox bill to boost innovation in NC financial sector
A unanimous vote in the N.C. House means a "regulatory sandbox" bill is on its way to Gov. Roy Cooper. The new “sandbox” would waive certain obstacles for a trial period for fast-emerging financial and insurance products and services.
OPINION: Economic liberty depends on judges who respect the Constitution
When it comes to protecting economic liberty, North Carolinians get good help from their state constitution and state Supreme Court precedent. The Tar Heel State fares well in comparison with other states. But that could change.
Governor Cooper announces Corning Optical Communications will create 200 jobs through Catawba County expansion
Governor Roy Cooper announced that Corning Incorporated will invest $150 million to expand operations in Catawba County, creating 200 jobs in Hickory.
Governor Cooper proclaims small business week in North Carolina
Governor Roy Cooper has proclaimed Sept. 12-19, 2021, as Small Business Week to highlight the importance of small, independent businesses and entrepreneurship to North Carolina’s economy.
Senate sends ‘sweeping’ criminal justice reform bill to governor
Criminal justice reform is a bipartisan issue, a phrase lawmakers frequently use when noting the parties coming together and advancing legislation. True to form, Senate Bill 300, Criminal Justice Reform, was approved by the General Assembly with strong bipartisan support and awaits the governor’s signature.
Canadian pet treats manufacturer selects Nash County for first U.S. Production facility
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.
NFIB Tax Survey: High Taxes Remain a Significant Burden on Small Businesses
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.
ICYMI: CNBC lists North Carolina as second best state for business
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.
SURVEY: Staffing shortage causing loss of sales for some small businesses
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.