State Auditor Beth Wood is investigating the city of Goldsboro over possible mismanagement and misappropriation of funds.
All in Business
NCDOT Seeking Small, Disadvantaged Businesses
Small, women-owned and disadvantaged business owners wanting to learn how to compete for state transportation contracts are invited to attend a free workshop Jan. 22 in New Hanover County.
Governor Cooper announces CPR equipment producer’s plans to establish facility in Franklin County
Medical equipment supplier, Innosonian America, LLC, will create 34 new jobs in Franklin County, Governor Roy Cooper announced today. The company will invest $345,000 to relocate its warehousing and sales facility to the Town of Youngsville.
OPINION: Our relationship with big tech must change
At this moment in world history, we are the richest, healthiest, smartest, and most connected humans that have ever lived. Our drinking water is cleaner than it has ever been. Our GDP is the highest, babies are healthier, lifespans are longer, and our food is abundant. (Ex: 150 years ago, a cow produced 1000 pounds of milk in a year. Today, a cow produces 16,000 pounds annually).
2021: Recording breaking year for jobs and investment in NC
Governor Roy Cooper announced 24,224 new jobs in North Carolina last year, representing 185 business recruitment, expansion or rural development projects that engaged with the North Carolina Department of Commerce or its team at the Economic Development Partnership of N.C. in 2021. These projects will bring $10.1 billion of capital investment into the state, marking new all-time highs for economic development performance.
N.C.’s Apple deal named worst of 2021
The $846 million subsidy deal that North Carolina struck with Apple just topped the “year’s worst” list of a nonpartisan economic think tank. The Center for Economic Accountability selected the 39-year agreement to put Apple’s campus in Research Triangle Park as the “Worst Economic Development Deal of the Year,” saying that its annual $21 million cost to the state led the list of reasons.
North Carolina's November county and area employment figures released
The number of workers employed statewide (not seasonally adjusted) increased in November by 12,364 to 4,896,622, while those unemployed decreased by 15,601 to 170,606.
N.C. ranks No. 11 in latest tax foundation report on business tax climate
North Carolina ranks just outside of the top 10 states, at No. 11, in the latest Tax Foundation State Business Tax Climate Index.
LT Apparel Group growing operations in North Carolina with Greensboro Expansion Project
LT Apparel Group, a leading manufacturer of children’s wear apparel is expanding operations in North Carolina with an investment of at least $57 million in Greensboro. The company’s project will add a minimum of 116 new jobs to the community and will help increase industrial capacity at the Reedy Fork Corporate Park.
North Carolina’s “Clean Energy Champions” announced during online event
Several businesses, chambers of commerce, state legislators, and US Sen. Thom Tillis received statewide recognition for their outstanding leadership in advancing clean energy opportunities in North Carolina during the 7th annual “North Carolina Clean Energy Champions” awards event on Tuesday afternoon.
East Laurinburg's town books impounded by Local Government Commission
The Town of East Laurinburg’s charter hangs in the balance as the Local Government Commission recently voted unanimously to impound the town’s books and assume full control of its finances due to misappropriation of funds. It comes after an investigative report in October by State Auditor Beth Wood’s office.
U.S. slips in economic freedom rankings; Canada in freefall
With an ever-expanding federal government, the U.S. has fallen out of the top five countries for economic freedom, according to a new report from the Fraser Institute.
Small business bills waiting in Senate Rules Committee
Having trouble getting a hair appointment or other services? There are three bills sitting in the Senate Rules Committee that sponsors say would loosen bureaucratic red tape for some small service businesses. Bill sponsors are eager to see them move before lawmakers adjourn for the year.
Governor Cooper announces MasterBrand will expand in Lenoir County adding 464 new jobs
MasterBrand Cabinets, one of the largest cabinet manufacturers in North America, will expand its operations in Lenoir County to create more than 464 jobs over five years, Governor Roy Cooper announced today. The company will invest more than $13.5 million to expand production capacity at its manufacturing center in Kinston.
Manufacturing company selects Wayne County for east coast expansion
Hosokawa Custom Processing Services, a contract chemical processor, will create 16 new jobs in Wayne County, Governor Roy Cooper announced today. The company will invest $6.5 million to relocate a processing center to Goldsboro.
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 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.
Governor Cooper proclaims employ a Veteran week
North Carolina will celebrate “Employ A Veteran Week,” Nov. 8-12, with a variety of events to help connect veterans to jobs and other services, Governor Roy Cooper announced today.
Governor Cooper - Jaguar Gene Therapy’s plans to invest in Durham County
Jaguar Gene Therapy, LLC, an Illinois-based gene therapy company, will create 200 new jobs and invest more than $125 million to locate a GMP facility in Durham County, Governor Roy Cooper announced today.
NCDHHS signs Health Equity Pledge, Continuing work to embed equity
The North Carolina Department of Health and Human Services joined approximately 40 cross-sector health care organizations committing to using and sharing high-level data about race, ethnicity, language and gender to inform best practices to promote health equity.