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CommScope cancels expansion in Catawba County
CommScope cancels $60 million expansion funded by JDIG in Catawba County.
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Stein announces new JDIG projects in NC
State payouts for both projects will occur only after the NC Department of Commerce has confirmed that the company’s performance has met the incremental investment targets and job creation goals.
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5 NC cities among best places in US for renters
In a new report conducted by the rental company RentCafe, Chapel Hill, Charlotte, Raleigh, Wilmington, and Durham rank among the best places in the county for renters to live based on factors including the cost of living, the local economy, and quality of life.
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Republicans land recruits for Wake N.C. Senate seats
State Senate Republicans have landed their top two recruits for two newly-drawn Wake County Senate seats that are critical to GOP efforts to win a supermajority in the Senate in 2022. Senate Republicans hold 28 of 50 N.C. Senate seats and need a net gain of two seats to secure a supermajority to be able...
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Cooper welcomes Centene to N.C., as the company settles Medicaid lawsuits from other states
N.C. Gov. Roy Cooper was in Charlotte Monday to welcome the Centene Corporation, a provider of managed care services for Medicaid, public, and private health plans. It claims to be the largest provider of Medicaid services in the nation. The company announced last year that it selected Charlotte for its East Coast regional headquarters after...
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Ohio bank claims 100 percent renewable power from N.C. solar project
Update: This story was updated 11:08 June 4, with a statement from Jordan McGillis, a spokesman for the Institute for Energy Research. Ohio-based Fifth Third Bank claimed in a March press release it’s the “first Fortune 500 company and first bank to contract for 100 percent renewable power through a single new project.” The project is...
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Smaller Firms Brace For Obamacare Price Shocks
RALEIGH — The employer mandate in the Affordable Care Act, as Obamacare is formally known, requires businesses to provide health coverage for employees, or pay a $2,000 tax per worker. It also requires certain coverage provisions that ratchet up compliance costs. The mandates have been delayed twice for medium-size businesses employing between 50 and 99 workers. They will take effect in 2016.
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Medicaid Drug Purchases Inflate Taxpayer Costs, Group Says
RALEIGH — North Carolina could save more than $3 billion in Medicaid prescription costs over the coming decade by negotiating discounts through pharmacy networks and using more generic drugs, a national trade organization says. But the group representing pharmacists in the state say such a plan would disrupt relationships between patients and pharmacists.
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Barringer and Portman Vie For Open Seat in State Senate District 17
RALEIGH — Jobs and education are the top issues in the campaign to succeed retiring five-term Republican Sen. Richard Stevens for state Senate District 17, which covers southwestern Wake County. The race pits Republican attorney Tamara Barringer against Democratic Wake County Commissioner Erv Portman in this Republican-leaning district.
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GOP Praises Perdue Revamp Proposal, But Says More Reforms Needed
RALEIGH — The big question mark is whether the governor’s reorganization plan is window-dressing or the forerunner of substantive change. So far, Republicans, who officially will take over the legislature Jan. 26, give the governor high marks for her approach.
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Publicly Traded Companies In N.C. Accounting for ObamaCare Costs
RALEIGH — North Carolina-based companies Progress Energy and Goodrich are echoing claims made by AT&T, Verizon, John Deere, and Caterpillar that a provision in the Patient Protection and Affordable Care Act is going to cost them millions.
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Terror Connections Found in N.C.
RALEIGH — Individuals involved in domestic and international terrorism not only have infiltrated American society, but also have initiated some of their activities in North Carolina, a top federal law-enforcement official in Charlotte and experts on radical Islam say.
