N.C. Senate passes $1,500 bonus to get unemployed back into workforce
Unemployed people who get a job would receive a one-time bonus of $1,500 under legislation spearheaded by Republicans in the N.C. General Assembly.
economy
Aerospace company to expand with $5 million investment in Craven County
Aeronautical Systems Incorporated (ASI), a world class provider of engineering, manufacturing and MRO services for military platforms, will create 30 new jobs in Craven County, Governor Roy Cooper announced today. The company will invest $5.6 million to expand its manufacturing footprint in New Bern.
Republicans propose $2.1 billion in cuts on state income taxes
Personal income tax rates would be slashed and the corporate tax rate entirely eliminated by 2028 under a proposal rolled out on Tuesday, May 25, by N.C. Senate Republicans.
Unemployment News Isn’t So Rosy
The latest estimates from the Bureau of Labor Statistics show about 251,000 North Carolinians unemployed as of April, down about 58,000 since the beginning of 2021.
Governor Cooper announces Credit Karma to establish East Coast headquarters in Mecklenburg County expansion
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.
N.C. unemployed must now prove they are seeking work to continue benefits
An executive order issued by Gov. Roy Cooper on Friday, May 21, requires recipients of unemployment benefits to prove they are searching for work to continue receiving benefits. The move makes North Carolina part of a growing number of states to reimplement the work-search requirement.
Governor Cooper announces $51.4 Million in education grants, New financial aid program
The Governor will invest $44 million of the funds to help students access college and earn degrees starting this fall; $5 million to support mental health initiatives across state postsecondary institutions; and $2.4 million into equity-focused initiatives for K-12 and postsecondary students and families.
Leading Cell Therapy Biotech Company chooses Research Triangle for its North American research and development and manufacturing facility
CARsgen Therapeutics Corporation, an innovative biotechnology company pursuing medicines to treat cancer will create approximately 200 jobs and invest $157 million in Durham, Governor Roy Cooper announced today.
Governor targets money to revitalize NASCAR tracks in N.C.
Lawmakers and the governor are moving bills and disclosing recommendations for using money from the American Rescue Plan, some $5.7 billion.
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.
Food distribution company to add 40 new jobs in Duplin County
eGourmet Solutions Inc., an online temperature-controlled logistics and supply chain company, will add 40 new jobs in Duplin County, Governor Roy Cooper announced today. The company will invest $500,000 to expand and upgrade the current distribution center in Wallace.