News

  • HURRICANE FLORENCE: I-40 reopens; ILM floodwaters to crest Tuesday

    As post-hurricane recovery efforts continue in southeastern North Carolina, the re-opening of I-40 has restored a major transportation connection into Greater Wilmington. The storm had significant impact throughout the region, including the flooding of about 3,000 buildings in Pender County alone. The Port of Wilmington......

  • Three things about local economic development

    After years of post-recessionary caution, federal tax cuts have encouraged businesses and individuals to take on modest amounts of additional risk, according to US Rep. Patrick McHenry. “That is something people have been very fearful of doing for a long time,” McHenry told an audience convened......

  • As job openings reach unprecedented levels, so does quitting

    With unemployment rates their lowest in 18 years, US workers are sensing an opportunity to seek higher-paying jobs. Manpower’s quarterly survey shows hiring plans at a ten-year high in the South. Prospects for additional job-creation are finally pushing employers to increase salary levels. “Mobility of workers......

  • US-China trade could see ‘two more years of serious tension,’ says economist

    Derek Scissors, an economist at the American Enterprise Institute, believes it could take as long as two more years to iron out tensions in the US-China trade relationship. “What the US wants is …very serious changes in Chinese trade behavior and maybe domestic economic behavior,”......

  • Workforce development, entrepreneurship are growing priorities for public research universities

    The Association of Public and Land-grant Universities (APLU) has released a policy blueprint titled “Advancing University-Engaged Economic and Social Prosperity” highlighting how public universities and the federal government can collaborate in workforce readiness, innovation and community-based economic development. “Research and education have always opened doors......

  • AT $1 TRILLION, AMAZON SHOULD FEAR REGULATORS MORE THAN RIVALS

    Amazon accounts for nearly half of all e-commerce in the US, and the Seattle-based company recently reached $1 trillion in market capitalization. Both Google and China’s Alibaba could dent Amazon’s growth, but the company’s biggest challenge may come from governments that are concerned about Amazon’s......

  • Shopping mall owners fill empty stores with offices as coworking companies branch out

    Empty since 2016, the former Barney’s at Scottsdale Fashion Square mall in Arizona is finally getting a new tenant, and it isn’t exactly selling shoes.   In Scottsdale and elsewhere across America, stores left vacant by retailers, including now-bankrupt Toys R Us and Bon-Ton, are......

  • Governor: ‘Not heard’ from Amazon; no comment on Apple project

    Gov. Roy Cooper took questions from reporters at a press gaggle on Tuesday morning with questions about Amazon HQ2 and Apple being fired his way.   Asked about Amazon and where the Triangle stood among the company’s declared final top 20 list, Cooper replied:  ......

  • Google announces $100,000 for Nevada workforce development

    Google is doubling down on digital literacy and workforce development in Nevada, investing $100,000 with state partner JOIN Inc. to help Nevadans develop digital skills.   The company officially unveiled the partnership on Monday as part of its Grow With Google event at the Nevada......

  • Business Development Manager Of Brunswick BID Featured In NCEDA Profile

    An official with Brunswick Business and Industry Development was chosen to be featured in the N.C. Economic Development Association’s most recent emerging executives profile.   Kevin Lackey, business development manager of Brunswick BID, was featured in the profile of the Spring 2018 newsletter titled “Developments,”......