Topics Related to 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.”

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.
 

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.”

  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 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.
 

  Governor Pat McCrory and N.C. Commerce Secretary Sharon Decker announced today that Tyton BioEnergy Systems, a company based in Danville, Virginia, is restarting the former Clean Burn Fuels biorefinery in Hoke County as part of its strategy to convert its proprietary tobacco, to be grown regionally, into ethanol.  The new operation will generate 79 jobs and invest $36 million over the next three years in Hoke, Wake and other surrounding counties.
 

Governor Pat McCrory and N.C. Commerce Secretary Sharon Decker announced today that Highland Industries is expanding its North Carolina manufacturing operations in Iredell County.  The company plans to create 29 jobs and invest $8.25 million over the next three years in Statesville.
 
“North Carolina has a proud manufacturing heritage," said Governor McCrory. “Helping our state’s manufacturing industry grow is an integral part of our overall economic development strategy.”
 

N.C. Commerce Secretary Sharon Decker and Assistant Secretary for Rural Development Dr. Pat Mitchell announced today that the N.C. Rural Infrastructure Authority (RIA) approved seven grants totaling more than $ 2.4 million dollars.

The RIA was established as part of the Rural Economic Development Division at the N.C. Department of Commerce to assist with the review and approval of grants for rural areas in the state. The grants-making programs of the new division include assistance for building reuse and restoration as well as infrastructure including water and sewer.

, N.C. - Governor Pat McCrory and N.C. Commerce Secretary Sharon Decker announced today that BorgWarner Turbo Systems is expanding its North Carolina manufacturing operations in Buncombe County.  The company plans to create 63 jobs and invest more than $32 million over the next three years in Arden.
 

, N.C. - Governor Pat McCrory and N.C. Commerce Secretary Sharon Decker announced today that Government Contracting Specialists, Inc. (GCS, Inc.), a woman-owned company, will locate its offices in Currituck County.  The company plans to create 60 new jobs and invest more than $325,000 over the next three years in Moyock.