News

  • How Remote Worker ‘Digital Nomads’ Are Moving for Cash Incentives

    CNBC YouTube Video May 24, 2021 Cities like Tulsa have begun offering cash incentives to attract so-called digital nomads, the work-from-anywhere professionals fleeing dense metro areas due to high costs and vulnerability to COVID-19. A new program in West Virginia is giving up to $20,000......

  • You Decide: Should North Carolina Follow California or Texas?

    NC State University – CALS News Commentary  May 21, 2021 California is a high-tax state with an activist government. Texas is the opposite, maintaining lower levels of taxing and government spending. Yet, if California and Texas were sovereign nations, they’d have the world’s 5th and 9th largest......

  • Region’s Economic Momentum Under the Radar

    Greensboro News & Record (Op-Ed) May 16, 2021 Recent announcements by Nestle Purina, Audentes Therapeutics and Ontex Global have Piedmont Triad Partnership President Stan Kelly encouraged about momentum behind the Carolina Core, the asset-based regional initiative uniting four megasites and a labor shed of two......

  • Blame Government Regulation, not Financial Speculation, for Skyrocketing Housing Prices

    City Journal (Commentary) May 11, 2021 While the bottom 50 percent of US households have seen their wealth grow during the past decade, in many places housing prices have outpaced gains in wealth. Nearly 90 percent of metro areas saw their home prices jump by......

  • Sasse Introduces Legislation to Convert Boosted Unemployment Benefits to ‘Signing Bonus’

    Washington Examiner May 11, 2021 April’s weaker than expected job growth is being blamed on the federal government’s supplemental pandemic unemployment program, which provides a $300 weekly supplement to unemployed workers on top of their state benefits. Six states, including South Carolina, are now considering......

  • Biden and Powell Versus Summers and Dudley

    First Trust May 10, 2021 Analysts at First Trust Financial believe the most engaging national debate now underway isn’t between Republicans and Democrats or liberals versus conservatives, it’s between economic experts disputing whether or not to go full steam ahead with more fiscal and monetary......

  • Why the Meaning of ‘Infrastructure’ Matters So Much

    The New York Times (Editorial) April 26, 2021 Partisan differences over the Biden Administration’s $2 billion infrastructure plan amount to “more than a semantic slap fight.” Debates about the definition of infrastructure are almost as old as the word itself. It began as a railroad......

  • Prices Pop Amid Strong Lumber Demand and Limited Sawmills

    BNC (Blog Post) April 26, 2021 Like agriculture, forestry is one of North Carolina’s earliest industries. And it remains significant, with logging operations, sawmills, furniture mills, and pulp and paper companies. New numbers compiled in 2019 show the sector accounts for more than 73,600 jobs......

  • NC IDEA’s CEO Praises Apple Deal but Says Tax Incentives Could Create More Jobs Through Smaller Firms

    WRAL TechWire April 26, 2021 Apple’s plans for a $1 billion, 3,000-job tech center in RTP will impact the region’s small businesses, according to Thom Ruhe, CEO of the NC IDEA Foundation. Ruhe’s group focuses on development of the state’s startup and entrepreneurial community. “For......

  • Businesses Breathe Sigh of Relief After Amazon Defeats Unions

    Washington Examiner April 10, 2021 In a defeat for organized labor, workers at a Bessemer, Ala. Amazon facility voted 1,798-738 against unionizing. Unions were hopeful that an affirmative vote could help regenerate interest in the nation’s struggling labor movement. But for US Senator Bernie Sanders,......