News

  • A More Complete Picture of Q3 Emerges

    Region’s Economic Preview October 12, 2020 Economic data from September point to annualized third-quarter GDP growth of just over 30%, according to a forecast by Birmingham-based Regions Bank. That follows an annualized GDP contraction of 31.4% in Q2. “Our forecast would leave the level of......

  • Will The Virus Improve Our Economic Development?

    NC Spin.com October 9, 2020 North Carolina’s relatively modest rate of COVID-related deaths per capita may become an economic development marketing advantage, according to Dr. Michael Walden, Extension Economist at NC State University. At the end of September, the state had a fatality rate of......

  • How Prioritizing Health is a Prescription for US Prosperity

    McKinsey & Company October 5, 2020 Is healthcare a cost to be contained or an investment that yields a measurable return? Health has not typically been part of discussions about economic growth. Then came COVID-19, which may shave as much as 11% off US real......

  • Business Groups Pushing for Access to Coronavirus Vaccine for Workers

    The Hill September 24, 2020 Three US pharmaceutical firms now have candidates for COVID-19 vaccines in late-stage clinical trials. Regardless of which one gains approval first, the nation’s food, beverage and household products manufacturers want their workers to have early access to a shot. In July,......

  • Tennessee to Continue Recruiting Chinese Business While ‘Reviewing’ Current Policy

    The Tennessean September 18, 2020 Chinese companies doing business in Tennessee employ 5,300 people and invest roughly $600 million in the state. Among foreign countries investing in Tennessee, China has ranked third in jobs since 2015. But strained diplomatic relations between China and the US have......

  • Baking COVID-19 Into Your Assumptions: NC Economic Development Adjusting to the Pandemic

    Carolina Public Press September 16, 2020 When COVID-19 hit North Carolina, many companies considering the state as a possible business location put their site searches on hold. From March through May, new projects coming into EDPNC dropped by 30%. “Before they can spend $10 million......

  • Students May Earn Almost 10% Less Money Over Their Lives Due to Covid-19′s Impact on Education

    CNBC September 11, 2020 School buildings shuttered due to coronavirus concerns have an immediate effect on the economy when parents are unable to return to the workplace. But longer-term economic losses may also be on the horizon as virtual learning comes up short in readying......

  • In Rural North Carolina, Many Wait For Internet Service

    Charlotte Observer September 13, 2020 About 500,000 people in North Carolina have unreliable Internet access — or none at all. Those living in rural communities are more likely to be on the losing side of the digital divide. Telecom providers find it too costly to......

  • It’s Time to Start Looking Ahead to 2021 – Crush It!

    WRAL Techwire (Commentary) September 9, 2020 It’s not too early to get started on your 2021 goals, says author and serial entrepreneur Donald Thompson. While the current year has been full of frustrations, it has provided many with an opportunity to set new career goals......

  • WCU News Service: “Regional Economic Impact of Pandemic Examined by the Center for the Study of Free Enterprise

    WCU News Service August 25, 2020 Aside from their obvious role as pipelines for talent and skills, North Carolina’s universities are formidable economic and cultural engines in their own right, spurring spending and job creation across a range of sectors and extending enrichment opportunities into......