This week, President Biden chose to kick off his Invest in America tour in Durham, North Carolina, stopping at Wolfspeed, a semiconductor facility that will focus on the electric vehicle market. Wolfspeed will receive around $1 billion in state and local grants, as well as direct appropriation funds from the General Assembly. It also announced...
North Carolina’s state pension system was a victim of the recent collapse of two large Silicon Valley, California banks, with the loss of millions in stock at both banks.
The city of Charlotte is set to approve an ordinance aimed at barring businesses and employers from discriminating against people based on transgender identity and other “protected classes.” The measure is similar to the one that launched the “Bathroom Bill” controversy in 2016 and led to a significant fundraising advantage for Democrats in that year’s...
RALEIGH — The State Employees Association of North Carolina could receive significant monetary awards if it prevailed in a whistleblower complaint against those investing the state pension fund’s money. If the investment managers, Treasurer Janet Cowell, or her staff is found liable of wrongdoing, state taxpayers may be responsible for covering some of the costs of the award.
RALEIGH — Incumbent Democratic state Treasurer Janet Cowell and Republican challenger Steve Royal don’t agree on much, but concur that lack of statewide name recognition is a challenge in the Nov. 6 general election. Cowell has a lopsided fundraising advantage but the race remains close.
RALEIGH — Courts have ruled that states can’t discriminate against interstate commerce in a way that favors one state over another in what’s known as the “Dormant Commerce Clause.” The North Carolina Institute for Constitutional Law believes Treasurer Janet Cowell’s Innovation Fund may flout that provision.
DURHAM — State Treasurer Janet Cowell has named Credit Suisse to manage a new $230 million investment for the state’s pension fund in businesses with significant operations in North Carolina.
RALEIGH — Patricia Gerrick, who was the deputy state treasurer before her termination, served on the board of directors and a fundraising committee for the State Employees Credit Union Family House in Chapel Hill.
