NC Economy | Eastern NC Now

North Carolina's economy, once vibrant, secure, struggles to endeavor for a major resurgence. There are two paths that lead the way forward: 1) One is providing a free market environment that will promote a state economy with a 'level playing field' for all participants that would be innovative, work hard and play by the rules; 2) Corporate welfare that everyone pays for, while the statists pick winners and losers. It remains to be seen which ones win out.

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NC Economy  

North Carolina's economy, once vibrant, secure, struggles to endeavor for a major resurgence.

There are two paths that lead the way forward: 1) One is providing a free market environment that will promote a state economy with a 'level playing field' for all participants that would be innovative, work hard and play by the rules; 2) Corporate welfare that everyone pays for, while the statists pick winners and losers.

It remains to be seen which ones win out.

ProKidney plans to invest up to $485 million and create as many as 330 jobs in Greensboro
 
Company will locate a vehicle reconditioning facility in Oxford
 
RALEIGH: Bosch will add 400 new jobs in Lincoln County for its power tools business, Governor Roy Cooper announced today. The company says it will invest $130 million to expand its power tools accessory manufacturing site in the City of Lincolnton.
RALEIGH: Bosch will add 400 new jobs in Lincoln County for its power tools business, Governor Roy Cooper announced today. The company says it will invest $130 million to expand its power tools accessory manufacturing site in the City of Lincolnton.
 
The N.C. Department of Commerce, Division of Workforce Solutions (DWS), didn’t design and implement procedures to ensure that federal funds tied to workforce programs were spent in accordance with program requirements and federal and state law.
The N.C. Department of Commerce, Division of Workforce Solutions (DWS), didn’t design and implement procedures to ensure that federal funds tied to workforce programs were spent in accordance with program requirements and federal and state law.
 
Phase Change Solutions adds 35 new jobs in Guilford County
 
RALEIGH: Energizer Holdings, Inc., best known for its icon Energizer batteries and Bunny, will add 144 new jobs in Randolph County, Governor Roy Cooper announced today.
RALEIGH: Energizer Holdings, Inc., best known for its icon Energizer batteries and Bunny, will add 144 new jobs in Randolph County, Governor Roy Cooper announced today.
 
RALEIGH: Select Genetics, a turkey breeder, will create 26 jobs in Wayne County, Governor Roy Cooper announced today. The company will invest $58 million to build a new turkey egg hatchery and establish turkey farms in Goldsboro.
RALEIGH: Select Genetics, a turkey breeder, will create 26 jobs in Wayne County, Governor Roy Cooper announced today. The company will invest $58 million to build a new turkey egg hatchery and establish turkey farms in Goldsboro.
 
RALEIGH: Vecoplan, LLC, a manufacturer of industrial shredding equipment, will create 33 jobs in Guilford County, Governor Roy Cooper announced today. The company will invest $6.75 million to locate a new manufacturing facility in High Point.
RALEIGH: Vecoplan, LLC, a manufacturer of industrial shredding equipment, will create 33 jobs in Guilford County, Governor Roy Cooper announced today. The company will invest $6.75 million to locate a new manufacturing facility in High Point.
 
Marshall Aerospace says it will invest $50 million at the Piedmont Triad International Airport
 
In 2013, the new Republican-led General Assembly took steps to foster economic growth by lowering the state’s corporate income tax rate. The corporate income tax is a burden that ultimately falls on workers.
In 2013, the new Republican-led General Assembly took steps to foster economic growth by lowering the state’s corporate income tax rate. The corporate income tax is a burden that ultimately falls on workers.
 
TAT Piedmont Aviation to invest $12.8 million near Piedmont Triad International Airport
 
Pilkington North America will invest more than $86 million in Laurinburg
 
RALEIGH: Severn Peanut Company, a peanut sheller, will create 44 jobs in Bladen County, Governor Roy Cooper announced today. The company will invest $17 million to upgrade and renovate its facility in Elizabethtown for peanut butter production.
RALEIGH: Severn Peanut Company, a peanut sheller, will create 44 jobs in Bladen County, Governor Roy Cooper announced today. The company will invest $17 million to upgrade and renovate its facility in Elizabethtown for peanut butter production.
 
RALEIGH: Tex-Tech Industries, a leading manufacturer of specialty textiles, will create 49 new jobs in Forsyth County, Governor Roy Cooper announced today. The company will invest more than $24.8 million to build a new manufacturing center in Winston-Salem.
RALEIGH: Tex-Tech Industries, a leading manufacturer of specialty textiles, will create 49 new jobs in Forsyth County, Governor Roy Cooper announced today. The company will invest more than $24.8 million to build a new manufacturing center in Winston-Salem.
 
“It is important to recognize that some of this growth in business formation is due to necessity entrepreneurship as more workers were displaced during the pandemic,” said Greg Brown
“It is important to recognize that some of this growth in business formation is due to necessity entrepreneurship as more workers were displaced during the pandemic,” said Greg Brown
 
North Carolina has been named the 2022 State of the Year by Business Facilities magazine. The state previously won the honor in 2020.
North Carolina has been named the 2022 State of the Year by Business Facilities magazine. The state previously won the honor in 2020.
 
Just 20% of North Carolinians plan to do their holiday shopping on Black Friday, compared to 40% on Cyber Monday, the biggest online shopping day of the year.
Just 20% of North Carolinians plan to do their holiday shopping on Black Friday, compared to 40% on Cyber Monday, the biggest online shopping day of the year.
 
RALEIGH: Nelipak Corporation (d/b/a Nelipak Healthcare Packaging), a leading global healthcare packaging manufacturer, will initially invest at least $11.8 million to establish a flexible packaging production site in Winston-Salem, announced Governor Roy Cooper.
RALEIGH: Nelipak Corporation (d/b/a Nelipak Healthcare Packaging), a leading global healthcare packaging manufacturer, will initially invest at least $11.8 million to establish a flexible packaging production site in Winston-Salem, announced Governor Roy Cooper.
 
Future Meat Technologies Inc. d/b/a Believer Meats, a cultivated meat company, will create up to 100 new jobs in Wilson County, Governor Roy Cooper announced today.
Future Meat Technologies Inc. d/b/a Believer Meats, a cultivated meat company, will create up to 100 new jobs in Wilson County, Governor Roy Cooper announced today.
 
Woodgrain, Inc., a building products company, will create 42 new jobs in Nash County, Governor Roy Cooper announced today. The company will invest $7.5 million to expand its door-hanging operation in Rocky Mount.
Woodgrain, Inc., a building products company, will create 42 new jobs in Nash County, Governor Roy Cooper announced today. The company will invest $7.5 million to expand its door-hanging operation in Rocky Mount.
 
SO-PAK-CO, Inc., a food processor and packager, will create 440 new jobs in Scotland County, Governor Roy Cooper announced today. The company will invest $85 million to build a state-of-the-art processing and packaging facility in the City of Laurinburg.
SO-PAK-CO, Inc., a food processor and packager, will create 440 new jobs in Scotland County, Governor Roy Cooper announced today. The company will invest $85 million to build a state-of-the-art processing and packaging facility in the City of Laurinburg.
 
Raleigh, N.C. – Fab-Con Machinery Development Corporation, a manufacturer of textile finishing equipment, will create 27 new jobs in Rowan County, Governor Roy Cooper announced today. The company will invest $5.3 million to relocate its headquarters and manufacturing operation to Salisbury.
Raleigh, N.C. – Fab-Con Machinery Development Corporation, a manufacturer of textile finishing equipment, will create 27 new jobs in Rowan County, Governor Roy Cooper announced today. The company will invest $5.3 million to relocate its headquarters and manufacturing operation to Salisbury.
 
Cummins-Meritor, a business unit within Cummins’ components segment, will add 40 new jobs in Henderson County, Governor Roy Cooper announced today.
Cummins-Meritor, a business unit within Cummins’ components segment, will add 40 new jobs in Henderson County, Governor Roy Cooper announced today.
 
SteriTek, a contract sterilizer, will create 50 new jobs in Alamance County, Governor Roy Cooper announced today. The company will invest $59.9 million to build an East Coast sterilization facility in Burlington.
SteriTek, a contract sterilizer, will create 50 new jobs in Alamance County, Governor Roy Cooper announced today. The company will invest $59.9 million to build an East Coast sterilization facility in Burlington.
 
SunTree Snack Foods will create 94 new jobs in Wayne County, Governor Roy Cooper announced today. The company will invest $10.1 million to establish an East Coast manufacturing site in Goldsboro.
SunTree Snack Foods will create 94 new jobs in Wayne County, Governor Roy Cooper announced today. The company will invest $10.1 million to establish an East Coast manufacturing site in Goldsboro.
 
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