News

  • NC ladling on incentives in battle for executive jobs

    The NC Senate Finance Committee has unanimously approved a bill that would increase the per-job cap on Job Development and Investment Grant (JDIG) awards from $6,500 per year to $16,000. The prior cap had been in place since JDIG was legislated in 2002. Sponsors of......

  • Consumer Spending Remains Healthy, Inflation Still Modest

    Amid falling stock prices, slowing global growth and increased political volatility at home and abroad, Region’s Bank economist Rick Moody says all indications are that US consumers are doing what they do best: spending. This year should prove to be another strong one for holiday......

  • America’s Epidemic of Empty Churches

    In an effort to address a declining congregation and rising costs, Asheville’s Bethesda United Methodist Church has created Haw Creek Commons, an innovative community center and business resource that includes co-working space, a textile and woodworking shop, conference rooms, overnight accommodations and a commercial kitchen......

  • The World’s 10 Biggest Economies By GDP Since 1960, Visualized Like A Horserace

    In 1960, the US was the world’s preeminent economic power. It still leads, but other countries in the field have jockeyed for position. Germany and Japan rose from the post-war ashes to vie for runner-up status. More recently, China has emerged as a contender to......

  • The Challenge of Curbing Corporate Subsidies

    Whether it’s Foxconn or Amazon that’s being wooed, state and local governments ought to resist the temptation to depart from transparent, neutral rules that apply to all business enterprises. There is good reason to believe that Amazon, for example, would have expanded in New York......

  • Consumer sentiment tops expectations in November, stays on pace for best year since 2000

    A post-election snapshot of US consumer sentiment showed the measure as strong as it’s been in 18 years. The University of Michigan’s consumer sentiment index hit 98.3 for November, higher than the 98 that economists had expected but below October’s “print” of 98.6. “Consumer sentiment......

  • Regional Networking Initiative Debuts at Rocky Mount Mills

    More than 50 NCEDA members and guests attended the organization’s Regional Networking Luncheon at Rocky Mount Mills on October 23. The historic 150-acre mixed-use re-development now includes a brewery incubator, retail establishment, several eateries, residences and a soon-to-open micro-hotel. Capitol Broadcasting Company is leading Rocky......

  • ECU’s Outer Banks Campus, new academic unit maximize research, teaching resources

    East Carolina University’s newly organized Integrated Coastal Programs will span academic disciplines as it engages in research, teaching and outreach. Among other endeavors, ICP will explore how the power of waves and the Gulf Stream current can be harnessed as potential energy sources. The new......

  • Regional economic meeting focuses on Mills project

    A Raleigh-based economic development agency with nearly 600 members hosted a recent event to discuss the transformation of the Rocky Mount Mills and its regional impact.   The N.C. Economic Development Association held its first fall regional luncheon Tuesday at the Rocky Mount Mills. The......

  • Digital marketing trends to watch in 2019

    In the digital age, “content” is king. Traditional advertising is struggling, and consumer decision-making is now being driven by content. In turn, brands are spreading their message through influencers, advertorials and sponsored promotions. Privacy, transparency and personalization are among the themes for 2019, according to......