News

  • MVP Southgate Update

    Our partners at MVP Southgate continue to move through the federal and state regulatory processes. The Federal Energy Regulatory Commission (FERC) announced that it will issue a Final Environmental Impact Statement in February 2020. FERC previously issued a draft statement in July that concluded the......

  • New Law Clarifies Tax Treatment of Incentive Grants

    Concerns about the corporate tax treatment of state job-creation grants have been addressed through legislation recently passed by the General Assembly and signed into law by Governor Roy Cooper. HB 399, which deals primarily with the renewal of historic preservation tax credits, allows North Carolina......

  • Luncheon Highlights Data Applications

    Over 100 NCEDA members joined research experts for a discussion on economic development data tools. The gathering was part of the organization’s December 5 Networking Luncheon.   “Successful economic developers are those who are really good at finding data and then helping others understand what......

  • Amazon Will Move Into New York City After All. Did It Really Need Public Investments? (Op-Ed)

    Less than a year after Amazon canceled its highly publicized HQ2 in New York City after unions, activists and politicians voiced their objections, the online retailer announced plans to add 1,500 jobs and 335,000 square-feet of office space at its New York presence. Does this......

  • To Solve the Problem of Unaffordable Entry-level Housing, Abolish Single-family Zoning (Commentary)

    Exorbitant housing prices represent imbalances in the supply and demand for residences. But many of the housing shortages faced by US communities are “self-inflicted wounds” resulting from overly restrictive zoning and other land-use practices, argue Edward Pinto and Tobias Peter of the American Enterprise Institute’s......

  • Two North Carolinas: Cities Grow at Record Pace While Rural Counties Fall Behind

    The US Census Bureau now classifies 72% of North Carolina residents as “urban.” And between 2020 and 2038, 21 North Carolina counties are expected to lose population. “The good news in North Carolina is that most counties will continue to grow,” State Demographer Michael Cline......

  • Energy Summit Explores Economic Development Impact of Renewables

    North Carolina stands to gain from the nation’s transition from fossil fuels to renewable energy sources, according to Bill Murray, Senior Vice President of Corporate Affairs and Communication at Dominion Energy. “The biggest opportunity is not in the technology we have today but the technology......

  • Thanksgiving Message from NCEDA President Patricia Mitchell

    As Thanksgiving approaches it is the ideal moment to pause and take stock for all that we have. We live in a state with a rich tradition of vision and innovation. North Carolina is known for its many firsts – the country’s first public university......

  • NC Averages 4.4 New Startups Per 1,000 Residents, But Urban Counties Still Dominate

    Start-ups exist in each of North Carolina’s 100 counties, according to a new database that tracks entrepreneurial activity in the state. That’s the good news. More alarming is the concentration of new firms in a handful of urban counties. Six counties – Durham, Forsyth, Guilford,......

  • PNC Forecasts Strong Economic Outlook For NC

    North Carolina’s population growth, which exceeds the national average, continues to drive the state’s economic expansion, according to Gus Faucher, chief economist for PNC Financial Services Group. His remarks came during a mid-November luncheon at Charlotte’s Quail Hollow Club. “It becomes a chicken and egg......