Press Releases

The North Carolina Department of Commerce has awarded 21 Community Development Block Grant - Neighborhood Revitalization (CDBG-NR) requests to local governments totaling $14.9 million. The requests will provide housing and public improvements for low- and moderate-income North Carolinians.  “It costs more now to buy or rent so it’s critical that we invest more in affordable housing,” said Governor Roy Cooper. “These neighborhood revitalization grants will help us build stronger and more resilient communities across our state.”

The North Carolina Rural Infrastructure Authority (RIA) has approved 16 grant requests to local governments totaling $4,130,000, Governor Roy Cooper announced today. The requests include commitments to create a total of 718 jobs, 144 of which were previously announced. The public investment in these projects will attract more than $95 million in private investment.

The Kroger Co. (NYSE: KR) America’s largest grocery retailer, will build a high-tech customer fulfillment center in Cabarrus County and create nearly 700 jobs over five years to support a logistics facility that will be established in the City of Concord, Governor Roy Cooper announced today.

Toyota will build its first North American battery manufacturing plant for a new generation of vehicles in North Carolina, creating at least 1,750 jobs, Governor Roy Cooper announced today. Toyota will invest $1.29 billion at the Greensboro-Randolph Megasite, strengthening North Carolina’s position as a leader in the nation’s growing, clean energy economy.

Sherrill Furniture, a high-end furniture manufacturer, will create 90 new jobs in Catawba County, Governor Roy Cooper announced today. The company will invest $2.9 million to open a new custom upholstery production facility in Conover. “The furniture capital of the world is growing,” said Governor Cooper. “North Carolina companies like Sherrill Furniture understand the advantages of doing business in our state and we’re grateful for their contributions to our communities and our economy."

Unemployment rates (not seasonally adjusted) decreased in 83 of North Carolina’s counties in October, increased in eight, and remained unchanged in nine. Scotland County had the highest unemployment rate at 7.8 percent while Orange County had the lowest at 2.6 percent. Thirteen of the state’s metro areas experienced rate decreases, one increased, and one remained unchanged. Among the metro areas, Rocky Mount had the highest rate at 5.8 percent while Durham-Chapel Hill had the lowest at 2.9 percent. The October not seasonally adjusted statewide rate was 3.6 percent.

The North Carolina Department of Commerce will continue the Community Economic Recovery and Resiliency Initiative (CERRI) by supporting 16 additional communities with their economic recovery following the coronavirus (COVID-19) pandemic. 

The North Carolina Department of Commerce released the county tier designations for 2022 today.  The designations, which are mandated by state law, play a role in several programs that assist in economic development.

MasterBrand Cabinets, one of the largest cabinet manufacturers in North America, will expand its operations in Lenoir County to create more than 450 jobs over five years, Governor Roy Cooper announced today. The company will invest more than $13.5 million to expand production capacity at its manufacturing center in Kinston.

The state’s seasonally adjusted October unemployment rate was 4.1 percent, decreasing 0.2 of a percentage point from September’s revised rate. The national rate decreased 0.2 of a percentage point to 4.6 percent. North Carolina’s October 2021 unemployment rate decreased 2.7 percentage points from a year ago. The number of people employed increased 11,009 over the month to 4,825,767 and increased 138,415 over the year. The number of people unemployed decreased 6,223 over the month to 208,126 and decreased 132,870 over the year.