Topics Related to Business

Canadian Tissue Manufacturer Opening New Facility in Scotland County

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. 
 

Plastics Manufacturer Expansion in Transylvania County Will Deliver 80 New Jobs

Governor Pat McCrory and North Carolina Commerce Secretary Sharon Decker announced today that Sigma Plastics Group will restore the former Excelsior Rosman plant in Transylvania County and create 80 new jobs under the newly formed New Excelsior Incorporated.  In addition to the new jobs, the company plans to expand manufacturing operations and invest $5.5 million over the next three years in Brevard.
 

North Carolina Industrial Commission's New Fraud Alerting Tool Results in Criminal Charges Against Employers for Failure to Have Insurance

A new fraud alerting tool recently installed by the North Carolina Industrial Commission has led to criminal charges being filed against North Carolina employers who failed to maintain workers’ compensation insurance.  The Noncompliant Employer Targeting System (NETS) uses data from various state agencies and produces a list of potentially noncompliant employers ranked in terms of priority.  NETS went online April 14, 2014. 

N. C. Division of Workforce Solutions Receives Federal Grant to Train Workers

The N.C. Division of Workforce Solutions has received a federal grant worth $6.1 million to expand its programs to train workers who lost a job in high-demand industries.

Governor McCrory Signs Economic Development Partnership Bill into Law

, NC - Governor Pat McCrory signed House Bill 1031 into law this afternoon. The bill creates a nonprofit corporation to assist the Department of Commerce in fostering and retaining jobs and business development, international trade, marketing, and travel and tourism. This initiative has been a top priority for the governor and North Carolina Commerce Secretary Sharon Decker since entering office.
 

In Case You Missed It: CNBC Ranks North Carolina Number 5 in Top States for Business

te of North Carolina is ranked the fifth best state for business according to CNBC’s annual “Countdown to America’s Top State for Business” feature. North Carolina has been a perennial favorite on the list each year. This is the state’s highest ranking since 2011.

In its ranking the network stated that “North Carolina posted some powerful numbers, having the fourth-best economy as well as workforce.”  It went on to say that the ranking was “due in part to some substantial fiscal policy changes that have been made, such as a reduction in individual income and corporate tax.”

N.C. Rural Infrastructure Authority Approves Fourth Round of Grants

North Carolina Commerce Secretary Sharon Decker and Assistant Secretary for Rural Development Dr. Pat Mitchell announced today that the N.C. Rural Infrastructure Authority (RIA) approved five grants totaling $1.4 million with the commitment of more than 130 new jobs.
 

N.C. Commerce Secretary Releases Statement on Passage of House Bill 1031

erce Secretary Sharon Decker released the following statement after both the state House and Senate passed House Bill 1031:
“We are thankful for the cooperative effort to pass the enabling legislation to establish the Economic Development Partnership of North Carolina.  My special thanks go to Senator Harry Brown and Representative Tom Murry for their leadership. Our Commerce Department is well prepared to make this important transition for the continued growth of North Carolina’s economy.”

Advanced Tool Manufacturer to Create 53 New Jobs in Charlotte

  Governor Pat McCrory and N.C. Commerce Secretary Sharon Decker announced today that YG-1 America, Inc. is planning to locate its advanced manufacturing operation in Mecklenburg County, creating 53 jobs and investing approximately $13.8 million over the next three years in Charlotte.
 

Governor McCrory Congratulates Morinaga America Foods on Investment in Mebane

  Governor Pat McCrory participated today in the groundbreaking ceremony for the new manufacturing facility for Morinaga America Foods, a leading international confectionary company based in Japan.  The new 120,000 square foot Orange County facility will be the company’s first production facility outside of Asia and will create approximately 90 new jobs and an investment of $48 million over the next three years.