News

Economy & Workforce

NC sports-economy report cites $17.7 billion outdoor sector

RALEIGH - A new NC Chamber Foundation report maps North Carolina's sports economy and cites $17.7 billion in outdoor recreation value added.

September 17, 2026

Development & Infrastructure

House bill authorizes $332.8 million for southeast NC water projects

SURF CITY - A water resources bill passed by the U.S. House authorizes $292.8 million for a beach project and $40 million for White Lake infrastructure.

September 17, 2026

Government & Business

Analysis estimates $7.42 billion in federal funding disruptions for North Carolina

RALEIGH - An independent analysis estimates that cancellations, freezes and slower federal spending have disrupted $7.42 billion tied to North Carolina.

September 17, 2026

Companies & People

Truist agrees to $5.5 billion loan sale, exits near-prime auto lending

CHARLOTTE - Truist agreed to sell $5.5 billion in auto loans and exit near-prime auto lending as part of a broader strategic review.

September 17, 2026

Development & Infrastructure

Wilmington medical office building sells for $11.24 million

WILMINGTON - A 20,000-square-foot medical office building occupied by Wilmington Surgical Associates sold Sept. 8 for $11.24 million.

September 17, 2026

Economy & Workforce

UNC Lineberger receives $40 million for AI cancer-vaccine research

CHAPEL HILL - UNC Lineberger Comprehensive Cancer Center has received $40 million from the OpenAI Foundation for an initiative using clinical data and artificial intelligence to improve personalized…

September 17, 2026

Companies & People

Shemar Electric USA plans $15 million Charlotte manufacturing hub

CHARLOTTE - Shemar Electric USA plans a $15 million headquarters and first U.S. manufacturing facility in north Charlotte, with 80 jobs expected.

September 17, 2026

Government & Business

Raleigh directs draft of six-month data center moratorium

RALEIGH - Raleigh City Council has directed the city attorney to draft a proposed six-month moratorium on new data center applications for consideration Oct. 6.

September 16, 2026

Government & Business

American Water proposes $175 million purchase of Rocky Mount utilities

ROCKY MOUNT - American Water has proposed paying $175 million for Rocky Mount's water and wastewater utilities, a potential transaction that would move essential municipal infrastructure into private…

September 16, 2026

Economy & Workforce

Bossong Hosiery closes Asheboro plant, eliminating 122 jobs

ASHEBORO - Bossong Hosiery Mills has permanently closed its Asheboro manufacturing operation, eliminating 122 jobs, according to a state WARN filing.

September 16, 2026

Development & Infrastructure

Reckitt doubles Wilson plant investment to $400 million

WILSON - Reckitt plans to double its investment in a developing Wilson manufacturing facility to $400 million and expand the building to 544,000 square feet.

September 16, 2026

Development & Infrastructure

Kinston military aircraft complex set to open with 400 jobs planned

KINSTON - Fleet Readiness Center East's new military aircraft maintenance complex at the Global TransPark is scheduled to open Sept. 17, with more than 400 jobs planned.

September 16, 2026