WINSTON-SALEM — No big announcement. No contentious public meetings. No press conference. But most important — no economic incentives. News that MRO Holdings Inc. — a leader in the aircraft maintenance, repair, and overhaul industry — was setting up shop in Winston-Salem’s Smith Reynolds Airport drew little fanfare. And that’s the way MRO Holdings chief executive...
Was Apple’s choice of Austin, Texas, over the Research Triangle for its new, $1 billion campus a win or a loss for North Carolina? The answer isn’t as obvious as local boosters would have you believe. Sure, the sudden infusion of capital investment and (eventually) high-paying, high-skilled jobs would have been a boon for the...
Apple surprised the business world Thursday with an announcement it was investing $1 billion in a new campus in Austin, Texas. The announcement also included news of new sites in Seattle, San Diego, and Culver City, California, and expansions in Pittsburgh, New York, and Boulder, Colorado. It also dashed hopes in Raleigh and the Research...
MOUNT AIRY — The Barter Theatre, which has operated since the Great Depression, reportedly draws 160,000 people a year to the charming mountain town of Abingdon, Virginia. Officials in Mount Airy — who already traffic on the celebrity of native Andy Griffith and the mythical town of Mayberry — think they should risk tax money...
When conservatives advocate smaller government, they do it not because they are “pro-business” but because they are pro-progress.
A $55.7 million expansion by the N.C. Global TransPark’s anchor tenant would bring that company’s total investment to less than half of what then-Gov. Mike Easley promised in 2008. Wichita, Kansas-based Spirit AeroSystems is the world’s largest independent supplier of commercial airplane assemblies and components, and it’s one of just a few tenants at the...
I’ve enjoyed following the drama surrounding location of Amazon’s second headquarters and, make no mistake, drama it certainly has been. Amazon probably missed an opportunity by simply issuing a request for proposal rather than turning it into a reality TV series available exclusively on Prime. Tucson tried to give Jeff Bezos a cactus. Stonecrest, Georgia, offered to rename part of itself Amazon. Birmingham has...
Former Wilmington-area theater owner Finley Powell on April 22 committed suicide at a Kure Beach house owned by his father. He was 52 and left behind a wife and three children. The day he died, the Greensboro News & Record published a story that Powell was living a double life. From 2010-15, he was an...
RALEIGH — At an emergency closed-session meeting Wednesday night, less than a week after Gov. Pat McCrory announced a $272 million CSX rail terminal project near Selma, the Johnston County Board of Commissioners issued a statement opposing both the project at the current location and the railroad company’s threats to use eminent domain to acquire property for the transportation hub.
RALEIGH — Saying the current plan is antiquated, a legislative agency on Monday recommended that the state scrap its three-tiered system for awarding economic development grants. “The economic development tier system, which was designed to award tax incentives, has outlived its purpose,” said Sara Nienow, senior program evaluator at the General Assembly’s Program Evaluation Division. “Measurement at the county level fails to identify struggling communities located within prosperous counties.”
SALISBURY — The city of Salisbury’s website boasts that it is “America’s first 10 gig city,” noting that anyone who connects to the municipal Fibrant broadband network has access to Internet connection speeds of up to 10 gigabits per second. But a technology analyst questions the wisdom of city leaders gambling with taxpayer funding over such a risky endeavor.
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