Economic Development

Raleigh Development Flourishes Thanks To Resilient Economy

Gurnal Scott — Wed, 15 May 2013 11:44:42 +0000

Raleigh city officials have plans for several new residential developments in the middle of the capital city. They say it's part of their master plan to entice not only new residents but new business downtown.

It is also an indication that Raleigh is doing well economically. City Planning Director Mitchell Silver says residences that are on the drawing board or under construction are geared toward not just urban professionals, but families.

Senate Bill Would Abolish Regional Economic Development Commissions

Jessica Jones — Tue, 14 May 2013 10:07:29 +0000

A bill that would abolish regional economic development commissions has tentatively passed the state Senate.

The measure would dissolve all seven of the state's commissions. The Department of Commerce would then send at least one employee to work in one of eight newly created economic zones.

Greensboro Looks For A Million Dollar Idea

Jeff Tiberii — Thu, 02 May 2013 09:00:00 +0000

Leaders in Greensboro are accepting submissions for a federal grant that will award one million dollars for an innovative plan. The winning idea is supposed to help the city’s economy by designing a way to improve long-term job prospects. Organizers admit they’re being purposely vague to see what kind of submissions they get to develop the city. A panel of about 20 people that will ultimately chose the winning entry, met for the first time on Wednesday.

New Master Plan For RTP

Gurnal Scott — Fri, 09 Nov 2012 21:30:00 +0000

Research Triangle Park leaders have rolled out a new master plan to transform the business center into a more community-friendly atmosphere.

Gurnal Scott: You may not realize that RTP has been around 53 years. Its foundation says it must look beyond its original vision of business innovation to grow in the next half century. CEO Bob Geolas says job growth is still a top priority.

Greensboro Gets $1M Grant To Grow Economy

Jeff Tiberii — Fri, 21 Sep 2012 11:30:00 +0000

The City of Greensboro is getting a one million dollar federal grant designed to generate economic growth. The grant is part of a program aimed at encouraging innovative ideas, strategies and perspectives for long-term job growth. Greensboro will hold a competition and request ideas for ways to bolster the local economy.

NetApp Plans Expansion in RTP

Gurnal Scott — Tue, 24 Jul 2012 11:00:00 +0000

A data storage and development company in Research Triangle Park plans a major workforce expansion.

Gurnal Scott: Governor Bev Pergue couldn't be happier about what NetApp is setting out to do.

Bev Perdue: Creating 460 new jobs and investing 75 million dollars for the next four years right here.

NetApp has a reputation nationally as one of the best places to work. Senior Vice President Denise Cox says that's mostly because they attract people motivated to succeed

State Of Research Triangle Region

Leoneda Inge — Fri, 25 May 2012 19:20:00 +0000

Business Leaders, economic developers and other stakeholders came out in the hundreds to hear yesterday’s State of the Research Triangle Region address.

Leoneda Inge: Charles Hayes is President and CEO of the Research Triangle Regional Partnership. He says in 2011 the region’s population grew by nearly two percent and wages grew by almost five-percent. But job growth is still slow. Hayes says since their economic plan was implemented in 2009 the 13 county region has added only 22,400 jobs.

Raleigh Grows Despite Recession

Leoneda Inge — Wed, 30 Nov 2011 13:15:00 +0000

The recession that began four years ago is still holding many communities across the country hostage. Homes continue to fall into foreclosure and long-term employees are again looking for work. But there are some areas in the United States that are recovering quite well during this down-turn. And one of those metropolitan areas includes Raleigh.