News

  • Where is the Economy Headed in 2018?

    NC State University economist Mike Walden shares his forecast for the coming year. With the US economy expanding, North Carolina’s economy is similarly poised for growth. The strongest sectors will be technology, professional and business services, and leisure and food services. Walden expects the state will......

  • Workforce Makes Raleigh Prime Contender for Amazon HQ2 Project

    Wake Tech Community College President Steve Scott says the Research Triangle Region’s workforce is “incredibly diverse and multi-talented, with skill and expertise in IT and artificial intelligence, marketing, design and development, sales, business functions such as accounting and customer service, management and innovative leadership.” Talent......

  • Tech’s New Hotbeds: Cities with the Fastest Growth in STEM Jobs are Far from Silicon Valley

    Economic demographer Joel Kotkin calls Charlotte “a new high-flyer” among technology industry destinations. Population density and moderate housing costs are important to mobile young workers started technology careers. Orlando, Nashville and Dallas-Fort Worth are also in strong positions vis-à-vis costlier markets like Chicago, New York......

  • Triangle business, economic teams ramp up Amazon HQ2 project bid

    What will it take to land Amazon’s $5 billion HQ2 project and the 50,000 jobs that are said to accompany it? Regional collaboration, according to Ryan Combs of Research Triangle Regional Partnership (RTRP). They are collaborating with economic development officials from Research Triangle Park and......

  • Atlantic Coast Pipeline would fuel growth of NC manufacturing

    NCEDA President Steve Yost writes in the N&O’s opinion pages that, if approved by state and federal regulators, the Atlantic Coast Pipeline will create thousands of construction jobs and launch a valuable source of tax revenue for seven eastern North Carolina counties. But the pipeline’s......

  • WNC’s average wages inch up, but still trail NC, US

    With job creation now occurring at a healthy pace, economists and journalists have turned their attention to wage growth, which has been slow in recent years. But Buncombe County’s average weekly wage in first quarter 2017 surged by eight percent from same period last year,......

  • What Are the Best Employee Perks? 4 Questions to Ask First

    Over half of US employees admit they are searching for a new job or watching for openings. Many consider financial benefits such as bonuses, pensions and profit-sharing plans pivotal factors in switching jobs. Gallup’s “State of the American Workforce” report recommends employee benefits that offer flexibility......

  • Hurricane to Cost Tens of Billions, but a Quick Recovery Is Expected

    As a natural disaster, Hurricane Harvey is no doubt spurring myriad personal tragedies. Financially, Moody’s Analytics estimates that the damage will range from $40 billion to $50 billion. But economists disagree on how the storm will impact overall economic indicators like inflation and GDP. Read......

  • An overlooked indicator just plunged, and that could signal trouble ahead

    Data on household formation – i.e., young adults leaving the nest for their own homes and apartments — helps forecast demand for a wide range of durable goods. Though subject to shifting demographics, it offers an early read on overall economic performance. And the latest......

  • Paul Ryan defends Wisconsin’s tax incentives for Foxconn factory

    Critics of economic development incentives are zeroing in on Wisconsin’s $3 billion agreement with China’s Foxconn for an LCD-panel manufacturing plant that will create at least 3,000 jobs. Wisconsin legislators now must approve the deal. Here’s how the project’s Republican advocates are defending it. Read......