Sherrill Furniture, a high-end furniture manufacturer, will create 90 new jobs in Catawba County, Governor Roy Cooper announced today. The company will invest $2.9 million to open a new custom upholstery production facility in Conover.
All tagged economy
Infrastructure Bill Did Us No Favors
The $1 trillion infrastructure bill President Joe Biden signed into law on November 15 attracted the votes of both Republican and Democratic lawmakers in Washington and has attracted praise from many North Carolina leaders, as well — once more illustrating the fact that bad ideas can also be popular ideas.
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.
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.
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.
Fitness industry, hurt by COVID shutdowns, works to bounce back
The government-imposed lockdowns of last year wrecked the global economy, and the fitness industry was among the businesses hurt most by the closures.
Biden approval rating dips amid concerns about the economy
In a new poll out Thursday, Oct. 21, there are rumblings that North Carolina voters are growing frustrated with President Joe Biden's overall performance and his handling of jobs and the economy. With North Carolina a key state in the 2022 midterm elections, this statewide survey of 600 likely voters found 38% of respondents approve of Biden overall, but 56% do not. The margin of error in the survey is plus or minus 4%.
Governor Cooper Announces 40 New Jobs as Industrial Pipe Manufacturer Selects Stanly County
Custom Alloy Corporation (CAC), a heavy manufacturer of pipe fittings and forgings has selected Stanly County for a new industrial operation, creating 40 jobs, Governor Roy Cooper announced today. The company will invest $8.1 million in a facility located in Badin that will produce products for the U.S. Navy.
Hubbell Power Systems to create more than 70 jobs with Rocky Mount Expansion Project
Hubbell Power Systems, Inc. a global manufacturer of electrical power products for utilities will expand operations in North Carolina with an $8.9 million investment in the City of Rocky Mount, Governor Roy Cooper announced today. The company will add 73 new jobs with today’s decision.
Questionable criteria on NC worker ranking begs a deeper dive
North Carolina’s economic health seems strong. Taxes are low, cost of living is below average, and a recent CNBC study gave the state a No. 2 ranking as “Best for Business” because of solid growth, quality workforce, business friendliness, and technology.
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 North Carolina Manufacturing Week
Governor Roy Cooper has declared it North Carolina Manufacturing Week. With the largest workforce in the Southeast, manufacturing remains essential to the success of every sector of our state’s economy as manufacturing operations continue amid the global pandemic.
Labor force shouldn’t be shrinking
North Carolina’s economy has enjoyed a substantial recovery from the depths of the Great Suppression — that is, from the COVID-19 downturn of 2020. Most businesses are back up and operating. So are schools and universities. More employees than ever before are working from home. That’s had positive consequences for worker satisfaction and traffic congestion (although the consequences for productivity are admittedly unclear). State government is flush with revenue. North Carolina’s headline unemployment rate was just 4.3% in August.
Income and poverty facts matter
The income of the median American household fell by nearly 3% last year as the COVID-19 pandemic and subsequent regulations shuttered many businesses for months, closed others for good, and forced still other employers to cut back on hours and wages for the people they still employed.
Thermo Fisher to expand operations in Pitt County with $154 million investment and 290 jobs
Thermo Fisher Scientific Inc., the world leader in serving science, will create 290 new jobs in Pitt County, Governor Roy Cooper announced today. The company will invest $154 million to expand its pharmaceutical manufacturing operations in Greenville.
Trade lifts North Carolina economy
When North Carolinians are free to trade with whomever they choose, be it South Carolinians or South Koreans, some local businesses may lose sales. The case for markets isn’t based on promises of cost-free benefits or perfect outcomes. No such promises could ever be honored in the real world.
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.