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Economic Development

Military Games on the way to meeting incentive targets

It’s already looking like next summer’s Military World Summer Games in the Charlotte area will attract enough participants to qualify for $17.5 million in state subsidies. The money’s contingent on organizers signing up at least 7,500 participants and at least 50 different countries. That appears to be on track. “While...

By Ray Gronberg

August 27, 2026

Court overturns ski-town eminent-domain ruling

Court of Appeals judges have overturned a ruling that could’ve left Beech Mountain’s government on the hook for paying the “lost rental value” of some vacation homes next door to a prominent ski resort. The door was open to that because the Watauga County town, located in North Carolina’s northwest...

By Ray Gronberg

August 20, 2026

Hardister, King now have JetZero as a client

JetZero has added former state Rep. Jon Hardister and one of his former aides to its team of lobbyists. Recent filings with Secretary of State Elaine Marshall’s office show that Hardister, R-Guilford, and Sebastian King joined the JetZero team on Aug. 13. King and Hardister are managing partner and COO,...

By Ray Gronberg

August 20, 2026

Judge says state fishery management falls short

North Carolina’s coastal-fisheries management is such an across-the-board failure that it amounts to a violation of the state constitution, a Wake County judge says. Issued this week, Superior Court Judge Bryan Collins’ ruling points the finger of blame squarely at the state’s failure to control shrimp trawlers and gillnetfishers. Excessive...

By Ray Gronberg

August 20, 2026

A Powell-ful incentive

The state has not one but three pressure points to try to induce Charlotte’s City Council and other local governments to reconsider their recent rejection of the controversial I-77 South Express Toll Lanes. After the Charlotte Regional Transportation Planning Organization voted in May to withdraw its support of the 11-mile,...

By Ray Gronberg

August 20, 2026

Opposition to ABC pricing plan steps up

North Carolina’s leading trade group for the restaurant industry has sharpened its attack on a prospective move by the state ABC Commission to establish “minimum baseline pricing” for liquor. A poll conducted for and released by the N.C. Restaurant and Lodging Association says the idea is unpopular, with 55% of...

By Ray Gronberg

July 27, 2026

Chamber sees need for state maritime-industry strategy

North Carolina’s maritime sector is a considerable economic asset, but it could benefit from a more cohesive strategy and, in any case, an approach leavened with a healthy dose of realism, the NC Chamber says. There’s opportunity there “wider than finding new uses for idle infrastructure,” it says in the...

By Ray Gronberg

July 27, 2026

Paper mill troubles leaked into Columbus Co. budget

Budget problems in Columbus County’s government are traceable in part to the loss of about $2.6 million in potential yearly property tax revenue, largely thanks to cutbacks at a paper mill there. Production cuts in 2023 at the former International Paper mill in Riegelwood not only cost about 200 jobs, but...

By Ray Gronberg

July 27, 2026

JetZero looking for more federal aid

JetZero says it and the federal Export-Import Bank have agreed to “explore” a deal that could bring up to $3 billion in financial support to the company’s planned airliner factory in Greensboro. The announcement cautioned that the “letter of interest” it’s signed with Export-Import officials is well short of a...

By Ray Gronberg

July 22, 2026

American Efficient files for Chapter 11

Durham-based American Efficient has filed for a Chapter 11 bankruptcy, seeking to reorganize its debts in the face of its troubles with the Federal Energy Regulatory Commission. The energy-efficiency trading firm lists FERC as by far its largest credit, with a listed debt to it of of $1.1 billion. That...

By Ray Gronberg

July 21, 2026

Duke cuts rate-increase ask after talks with advocates

Duke Energy has once again lowered its requested rate increase for 2027 and 2028, dropping it to an average 7.4% over the two years. The move follows a settlement with the N.C. Public Staff and some key business and environmental groups. Presuming the N.C. Utilities Commission ultimately OKs the deal,...

By Ray Gronberg

July 21, 2026

Auditors and deficits

State Auditor Dave Boliek’s aides dispute the idea that the office ran a deficit in fiscal 2024-25, which saw Boliek take over for the second half of the year. “Our audited financial statements reflect a $940,505 decrease in fund balance, not a deficit position,” says Randy Brechbiel, the auditor’s spokesman....

By Ray Gronberg

July 20, 2026

Power co-op seeks relief from biogas demands

North Carolina’s largest electric co-op wants legislators to change a law that forces utilities to buy renewable-energy credits tied to the use of methane put on the market by Down East hog farms. The credits likely will cost “our members more than 50 times the cost of a renewable energy...

By Ray Gronberg

July 20, 2026

Smith joins NCPorts board

As any of his social-media followers knows, Harry Smith likes his boat. He’s now in a position to have over the handling of some that are a lot bigger. Gov. Josh Stein has appointed the former UNC System Board of Governors chairman to the board of the State Ports Authority....

By Ray Gronberg

July 20, 2026

Auditor: Landfill clean-up would take a century at current funding level

North Carolina’s effort to clean up old landfills is so poorly funded that the Department of Environmental Quality hasn’t been able to even investigate 78% of the 688 it knows about, State Auditor Dave Boliek says. At current rates, it’ll take the department about 99 years to inspect, strategize for...

By Ray Gronberg

July 14, 2026