The Federal Reserve has cut its benchmark interest rate by 50 basis points to 4.75%-5%, its first reduction since 2020, aiming to support economic growth as inflation cools.
Veetee Foods, Inc. will establish a $35.7 million production plant in Selma, creating hundreds of jobs and contributing $12 million in payroll annually. This major investment will expand the company’s U.S. operations, producing rice and other convenience foods.
The Timbermill Wind project is a $300 million investment that boosts Chowan County’s economy and provides stable income for local farmers. With $33 million in tax revenue, the project has set a strong precedent for renewable energy across the state.
The Northside Food Co-op’s “Chopped on the Coast” fundraiser on Oct. 13 will bring together chefs for a live cooking competition to raise $30,000 for community programs. The event is a part of the co-op’s broader mission to address food security and build community in Wilmington’s Northside.
The unemployment rate rose to 4.3% in July, sparking concerns among economists about the Federal Reserve’s delay in cutting interest rates. While job growth continues in some sectors, the overall labor market shows signs of cooling.
Rural areas often lack essential resources, but one North Carolina community is proving how local action and investment can make a difference. In West Marion, a nonprofit has successfully empowered residents to address gaps in transportation, food distribution, and health care, showcasing the power of community-led initiatives.
As North Carolina students gear up for school, the focus shifts to the need for improved public education funding, with the Leandro v. North Carolina case playing a crucial role in future financial decisions.
The North Carolina Housing Coalition’s call highlighted the critical need for tenant protections to address the power imbalance between landlords and renters.
As gas tax revenues dwindle due to more fuel-efficient and electric vehicles, states like Colorado and Minnesota are implementing retail delivery fees to maintain road infrastructure, though the fees face opposition from some businesses and consumers.
Property taxes are increasing across the Triangle to fund raises for city and county workers, impacting homeowners significantly.
The Triangle’s restaurant scene welcomes Alpaca Chicken’s new location and Otomi’s grand opening, while BB’s Crispy Chicken consolidates operations.
Dream Pointe Apartments, funded by SECU Foundation, aims to address teacher retention challenges in Bertie County through affordable housing solutions, offering hope for improved community integration and educational stability.f