North Carolina Revenues Up, Economy Continues to Grow | Eastern North Carolina Now

Press Release:

    Raleigh, N.C. - "North Carolina's economy is firing on all cylinders," said Governor McCrory. "North Carolina is home to one of the fastest growing economies in the nation, revenues are up above projections, unemployment is at an 8-year-low and more than 275,000 private sector jobs have been added since 2013."

North Carolina's AAA Bond Rating Affirmed by All 3 Credit Rating Agencies:

  • "North Carolina is keeping its AAA bond rating for the first parts of a $2 billion bond package approved by voters in March." Colin Campbell, "McCrory touts AAA rating for first bonds from March referendum," Raleigh News & Observer, 7/14/2016)
  • "...the bond agencies didn't mention an impact from HB2 on their decision" Colin Campbell, "McCrory touts AAA rating for first bonds from March referendum," Raleigh News & Observer, 7/14/2016

North Carolina Revenue Up, Budget Surplus Increases To $425 Million:

  • "North Carolina revenue surplus upgraded to $425M," The Associated Press, 7/12/2016
  • In contrast, Virginia announced a $266 budget shortfall which will likely put promised teacher raises on hold: "State revenue collections came in $266 million short, based on preliminary numbers from the recently ended last fiscal year, delaying and endangering planned raises for state employees and local teachers..." Travis Fain, "State misses budget; employee, teacher raises delayed, in danger," The Daily Press, 7/8/2016)

    North Carolina Jumps Up 4 Spots In CNBC's Annual Ranking Of The Best States For Business:

  • "Top States for Business 2016," CNBC, 6/12/2016)
  • "North Carolina's best category ranking is access to capital - the second best in the nation." "Top States for Business 2016," CNBC, 6/12/2016)
  • North Carolina Moved Up 3 Spots In CNBC's Quality Of Life Category "Top States for Business 2016," CNBC, 6/12/2016)

North Carolina Has Added 25,000 Jobs Since May 2016:

  • "Local Area Unemployment Statistics," Labor & Economic Analysis, N.C. Department of Commerce, accessed 7/12/2016

McCrory Signs Budget To Deliver Teacher Pay Raises, Affordable College Tuition And $132 Million In Middle-Class Tax Cuts:

  • "McCrory signs NC budget, which includes increase to teacher pay," WSOCTV, 7/14/2016
  • "While at Shiloh Elementary School, McCrory signed the state budget, which increased average teacher pay to more than $50,000. McCrory said that since 2013, teacher pay has increased faster in North Carolina than any other state." "McCrory signs NC budget, which includes increase to teacher pay," WSOCTV, 7/14/2016
  • Sanford Herald: "State budget addresses educational needs" Editorial: "State budget addresses educational needs," Sanford Herald, 6/29/2016
  • "The budget lowers tuition at three state schools to $500 a semester: University of North Carolina at Pembroke, Elizabeth City State University and Western Carolina University." "McCrory signs NC budget, which includes increase to teacher pay," WSOCTV, 7/14/2016

North Carolina's Unemployment Rate Reaches 8-Year Low:

  • "Local Area Unemployment Statistics," Labor & Economic Analysis, N.C. Department of Commerce, accessed 7/12/2016

Job Growth Continues As Cities, Towns Report Increased Business:

  • "Charlotte's Jobless Rate Continues To Drop As Businesses Keep Hiring" Katherine Peralta, "Charlotte's jobless rate continues to drop as businesses keep hiring," The Charlotte Observer, 6/30/2016
  • Charlotte Hotel Business Continues To Rise: "[Hotel] occupancies were up 5.6% in May from a year earlier to 76.7%-- well above the national average of 67%, which dipped 0.5%." Jenna Martin, "Are Charlotte-area hotels feeling pinch from HB 2 in latest occupancy figures?" Charlotte Business Journal, 6/22/2016
  • Asheville Continues To Attract Tourists, Visitors: "In April, room demand was up 5.8 percent over last year, and in in May, room sales were up 1.9 percent over last year, according to the Convention and Visitors Bureau." Emily Patrick, "Three months in, businesses report impacts of HB2," Asheville Citizen-Times, 7/11/2016
  • "Walmart Open $100M Distribution Center In Mebane, Overdelivers on Job Count"
  • "Fla. Energy Company Chooses Rockingham County for $450 Million Facility" Richard Craver, "Fla. energy company chooses Rockingham County for $450 million facility," The Winston-Salem Journal, 7/7/2016
  • "North Carolina Welcomes Largest Ever Containership To Port Of Wilmington"
  • "SWELECT Energy Systems To Bring 155 Jobs To Halifax County"
  • "Governor McCrory Announces Arrival of Dynamic Air Engineering Corporate Headquarters"

North Carolina Continues To Have One Of The Fastest-Growing Economies In The Nation:

  • Press Release: "Information industry growth across states in the fourth quarter," Bureau of Economic Analysis, U.S. Department of Commerce, 6/14/2016

  • Contact: Crystal Feldman
  •     govpress@nc.gov

Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )




Governor McCrory Announces Arrival of Dynamic Air Engineering Corporate Headquarters Commerce Expansion, NC Economy, Business New Direct Intermodal Rail Service to Connect Port of Wilmington and Charlotte


HbAD0

Latest Business

A national report card on hospital patient safety has ranked North Carolina in third place among hospitals in the U.S. that had mostly “A” ratings when it comes to patient safety, up from sixth place this past spring.
RALEIGH: Lynddahl Telecom America Inc. (LTA), a duct solutions company for fiber optics installations, will create 54 new jobs in Gaston County, Governor Cooper announced today.
A unanimous three-judge panel of the state Court of Appeals has ruled in favor of the North Carolina Farm Bureau Federation, and against the Department of Environmental Quality, in a dispute over animal-waste permits.
Trying to turn our oceans into sprawling, on-again/off-again electric stations is becoming even more prohibitively expensive.
Mercedes-Benz is scrapping its plans to only sell electric vehicles after 2030 as consumer demand for EVs remains lower than what automakers projected.

HbAD1

A subsidiary of one of the largest health insurance agencies in the U.S. was hit by a cyberattack earlier this week from what it believes is a foreign “nation-state” actor, crippling many pharmacies’ ability to process prescriptions across the country.
The John Locke Foundation is supporting a New Bern eye surgeon's legal fight against North Carolina's certificate-of-need restrictions on healthcare providers.
The cellular outage that crippled service for AT&T customers all over the U.S. on Thursday was likely the result of a software update gone wrong, the company said.
North Carolina has climbed to rank 9th in the nation for its tax climate, according to the latest study conducted by the nonprofit Tax Foundation.
The Tax Foundation, a Washington D.C. based nonpartisan tax policy research organization, has released its 2024 State Business Tax Climate Index.
Toyota, Kempower, and Epsilon Advanced Materials – all companies in clean energy industries – top the year’s $12.9 billion project list

HbAD2

Epsilon Advanced Materials (EAM), India’s leading battery materials company has announced a $650 million investment in Brunswick County, North Carolina.

HbAD3

 
Back to Top