News

Regional Marketing Ramps Up As U.S. Economic Forecasts Point To A Robust 2015

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 With momentum gathering for the U.S. economy, Southeastern North Carolina has stepped up regional marketing with outreach strategies to targeted industries, construction of a new industrial property database and renewed cooperation among federal, state, regional and local economic development partners.  As the Southeastern Partnership looks back on its first six months operating under a re-shaped public-private model and expanded geography, business leaders are satisfied the new organization is well-situated to capitalize on the region’s economic potential as job growth nationally continues to expand..

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Area Businessman Named Chairman Of N.C. Ports Board

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A Brunswick County businessman has been named chairman of the N.C. State Ports Authority Board of Directors by Gov. Pat McCrory, according to a Thursday news release from the governor’s office. The new chairman is Tom Adams, president and CEO of Adams Building and Consulting Co. LLC of Ocean Isle Beach. He replaces Michael Lee, who was elected to the state Senate in November.

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N.C. Jumps a Whopping 28 Spots on Tax Climate Index

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Tax policy think tank Tax Foundation released its 2015 State Business Tax Climate Index, and North Carolina legislators have a lot to smile about.

According the foundation's index, North Carolina jumped 28 spots from ranking 44th this past year to 16th this year. North Carolina tax policies implemented this past year reduced individual income taxes from 7.75 percent to 5.8 percent and reduced the corporate tax rate from 6.9 percent to 6 percent, and could be reduced further depending on the state's balance sheet in coming years. The standard tax deduction was also increased for individuals.

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Wilmington Earns Title of Best American Riverfront

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The USA Today and 10Best.com online poll pitted 20 American cities with renowned riverfronts against one another, letting readers vote for their favorite. The poll's top five were Wilmington; Spokane, Wash.; Davenport, Iowa; Dubuque, Iowa; and Pittsburgh.

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Enviva Developing Projects; Adding 160 New Jobs in Richmond and Sampson Counties

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Raleigh, N.C. - Governor Pat McCrory and North Carolina Commerce Secretary Sharon Decker announced today that Enviva plans to develop two new facilities in Richmond and Sampson counties. The projects would create a combined 160 permanent jobs between the two facilities by the end of 2017 with an investment of more than $214.2 million.

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State Reports Increase In Exporting; Port Shipping More Container Cargo

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North Carolina exports continue to grow, according to a news release issued Friday by Gov. Pat McCrory’s office. In the first half of 2014, the state’s exported goods and services increased 2.7 percent, compared with the same period in 2013, increasing from $14.9 billion to $15.3 billion, the release stated.  Some of that merchandise is going through the Port of Wilmington.

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Canadian Manufacturer Opening New Facility in Scotland County

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Raleigh, N.C. – Governor Pat McCrory and N.C. Commerce Secretary Sharon Decker announced today that Cascades Tissue Group will open a new manufacturing facility in Scotland County.  The company plans to create 68 new jobs and invest $62 million during the next three years in Wagram. The investment includes $55 million of new capital expenditure (such as building infrastructure, new equipment and other capitalized expenses) and converting equipment to be transferred from other facilities outside of North Carolina valued at $7 million.

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