Connect with us

North Carolina

Auto leaders’ venture company picks North Carolina global headquarters

Published

on

Auto leaders’ venture company picks North Carolina global headquarters


A venture company founded by seven of the world’s largest automakers will make North Carolina its global headquarters, backed by more than $3 million in taxpayer subsidy as potential reimbursement.

IONNA says it is purpose-built to “lead, innovate, create, and drive forward a redefinition of charging as an end-to-end integrated customer experience” in the electric automotive industry. BMW, General Motors, Honda, Hyundai, Mercedes-Benz, Kia, and Stellantis formed the coalition with the idea of “reimagining electric vehicle charging.”

The company’s launch includes a plan to design, develop, build and operate a high-powered electric vehicle charging network “key to increased EV adoption in North America.”

A company release says the site will “house a customer experience lab serving as the quarterback and central node to seven new satellite labs at each of the founding” coalition members’ facilities.

Advertisement

North Carolina landed the start-up in part because of a Job Development Investment Grant approved by the Economic Investment Committee on Tuesday.

The 12-year grant authorizes potential reimbursement of $3,075,000 over 12 years.

IONNA says it is purpose-built to “lead, innovate, create, and drive forward a redefinition of charging as an end-to-end integrated customer experience” in the electric automotive industry.” Getty Images

The state and IONNA say the lifetime of the grant will grow the state’s economy by $724 million, generate 203 new jobs, and return 108% on public dollars.

That’s $2.08 per $1 cost to the state.

The Department of Commerce says the average annual wage at IONNA will be $128,457 and listed the Durham County average at $90,727.

Advertisement

The department justifies incentives based on the new jobs businesses will bring to the state, announcing the average hourly wage for the new jobs and comparing it to the county’s median hourly wage.

Economists doubt the effectiveness of financial incentives for private businesses to expand or move to a new state.


Electric car plugged by cable to charging station with palm tree and old walls as background
The company’s launch includes a plan to design, develop, build and operate a high-powered electric vehicle charging network “key to increased EV adoption in North America.” malajscy – stock.adobe.com

They also question the use of hourly wages as an indicator because the salaries of a few corporate leaders can skew the average higher while not having the same impact on the median wage.

“The area’s established history of research, innovation, and its vibrant growing community make it the perfect place for IONNA to join, thrive and pioneer,” said CEO Seth Cutler in a company release. I’m excited to grow a cross-industry team that will deliver the IONNA vision from our new home base.”

In a release from the state, Commerce Secretary Machelle Baker Sanders said, “When advanced manufacturers commit to North Carolina, it confirms the importance of our ‘First in Talent’ plan which leads the charge in prioritizing the development of diverse and well-trained workforce to help companies blaze new trails.”

The announcement is one of several in the automotive industry for North Carolina this year and since the end of the COVID-19 era.

Advertisement

The state has twice consecutively earned the CNBC network’s No. 1 ranking for America’s Top States for Business.

Gov. Roy Cooper, when last July’s announcement was made, gave comments seeking credit and chastising the Republican majority Legislature – the people who enacted laws making the state more friendly to businesses expanding or seeking new homes.

The governor has long called public education “a state of emergency here” while businesses and population move in, and school choice registration wait lists grow.

The equation creates a workforce talent level, and the governor acknowledged that in reaction to the decision.

“This cutting-edge company and its founding automotive manufacturers will benefit from the innovative ecosystem, highly skilled workforce, and central location of North Carolina to take its pioneering technology to market,” Cooper said Tuesday.

Advertisement

According to a January analysis by Consumer Affairs, global market share ranks were No. 3 by Honda, No. 4 by Hyundai, No. 5 by Kia, No. 7 by BMW and No. 8 by Mercedes.



Source link

North Carolina

N.C. Democrat runs as Republican to shed light on gerrymandering

Published

on

N.C. Democrat runs as Republican to shed light on gerrymandering


Kate Barr is a Democrat.


What You Need To Know

  • Democrat Kate Barr is running in the Republican primary in N.C. Congressional District 14
  • Barr is running against former state Speaker of the House Tim Moore
  • Barr is running to make a point about gerrymandering


But when voters in North Carolina’s 14th Congressional District open their ballots in the March primary they’ll find an “R” next to her name.

She is literally a RINO or Republican In Name Only.

Barr considers herself a Democrat but said she’s running as a Republican to make a point about gerrymandering.

Advertisement

“Fundamentally… I hate gerrymandering. That is pretty much my core motivation for everything I do in politics,” Barr told Spectrum News 1.

The district, west of Charlotte, is solidly Republican.

The current congressman won by 16 points last election.

Barr said it speaks to just how gerrymandered North Carolina is. State Republican lawmakers recently approved a congressional map that favors Republicans in 11 of the state’s 14 congressional districts.

That’s in a state that only voted for President Donald Trump by three points in 2024 and elected a Democrat for governor.

Advertisement

“When the North Carolina state legislature passed the new congressional maps that further gerrymandered this state it became clear there has to be a political price for this behavior,” Barr said.

This is not the first unusual campaign for Barr.

In 2024 she ran as a Democrat in a district that heavily favored Republicans. The focus again was to draw attention to gerrymandering.

Her motto was “Kate Barr can’t win.”

She did not win, losing by 30 points.

Advertisement

But Barr was encouraged by some of the results she saw and in November launched her campaign for Congress.

This time she decided to run as a Republican.

She’s hoping that gives her an edge because in North Carolina voters not registered with either major party, known as unaffiliated, are the largest voting block in the state, and can participate in the Democrat or Republican primaries.

“Voters understand that the way to have a say is to choose which primary is actually going to elect their leader and vote in that primary,” Barr said. “I can absolutely win in this one… because primary turnout is so low it just doesn’t take that many people showing up and saying we’ve had enough to unseat an incumbent.”

Barr faces former North Carolina Speaker of the House and incumbent Republican congressman Tim Moore. His campaign told Spectrum News 1 that “Kate Barr’s latest stunt is an insult to Republican voters. Folks know a far-left fraud when they see one, and she doesn’t belong in our primary.”

Advertisement

Whether she wins or not, Barr hopes to encourage a fix to gerrymandering, an issue that’s front and center in North Carolina and around the country.

“Gerrymandering is wrong no matter which party is doing it, and we need to put an end to it. Period,” Barr said. “The goal, end result, is to have an independent commission in every state made up of citizens.”

Follow us on Instagram at spectrumnews1nc for news and other happenings across North Carolina.

 





Source link

Advertisement
Continue Reading

North Carolina

Fiery crash in Polk County leaves two dead; Highway Patrol

Published

on

Fiery crash in Polk County leaves two dead; Highway Patrol


Two people are dead after a truck ran off the road in Polk County, according to the North Carolina Highway Patrol.

HIGHWAY PATROL SEEKS PUBLIC’S HELP IN FATAL HIT-AND-RUN THAT CLAIMED LIFE OF LEICESTER MAN

Highway patrol says the fatal collision occurred at approximately 12:55 p.m. when an F-150 was traveling east on North Carolina 108 near Farm Lane.

The truck ran off the road and struck a tree, catching fire and being consumed by the flames.

Advertisement

According to the Highway Patrol, the driver and passenger were trapped in the vehicle and died as a result of the collision and the fire.

UPDATE: MULTI-CAR CRASH ON ASHEVILLE BRIDGE NOW CLEARED

Comment with Bubbles

JOIN THE CONVERSATION (2)

Highway Patrol says it is working with the Medical Examiner’s Office to identify the deceased.

Advertisement



Source link

Continue Reading

North Carolina

North Carolina lands coveted offensive line transfer

Published

on

North Carolina lands coveted offensive line transfer


Charleston Southern Buccaneers offensive lineman Andrew Threatt has committed to transfer to the North Carolina Tar Heels. He spent the last three seasons at Charleston Southern.

“It’s not every day you can get coached by a well-experienced staff like North Carolina,” Threatt said. “Even excluding Coach [Bill] Belichick there is at least 10+ years of experience across the board, not to much the academic prestige of the University of North Carolina.”

This decision comes after North Carolina made Threatt an important target in the Transfer Portal this offseason. He was on campus on Saturday, January 3rd, on a visit.

“It was a great visit,” Threatt said. “I really enjoyed the experience and am excited to see what coach Belichick is building in Chapel Hill. The staff is truly one of a kind, and the fan base is even more amazing.”

Advertisement

Andrew Threatt played his high school football at Chesterfield in South Carolina. At the time, he had been overlooked as a recruit. That’s despite being a three-time All-State and All-Region selection during his high school career.

Over the past three seasons, Threatt has started 32 consecutive games for Charleston Southern. Those seasons have widely been considered rebuilding seasons for the Buccaneers under head coach Gabe Giardina. Still, at 10-25 over those three years, it’s been a frustrating run in terms of wins and losses.

As a freshman in 2023, Threatt began his time with Charleston Southern as a right tackle. Later, he’d kick inside to left guard as a sophomore. That was before returning to right tackle. So, it’s going to be interesting to see where North Carolina wants to use him along the offensive line. Regardless, it’s clear he brings some versatility to the Tar Heels in 2026. At  6-foot-3, 315-pounds, he profiles as an interior offensive lineman in the ACC.

Andrew Threatt would be named First Team All-Conference (OVC/Big South) in 2025. He has one season of eligibility remaining.

North Carolina’s first season under legendary head coach Bill Belichick was a frustrating one. The Tar Heels went just 4-8. However, there was some growth by the end of the season, and North Carolina finished winning two of their final five games.

Advertisement

Neither rushing yards nor sacks allowed are entirely the fault of the offensive line, but the offensive line does play a key role in success there. Those stats also tell an interesting story about North Carolina. The Tar Heels were 122nd nationally in rushing offense, averaging 105.25 yards per game. North Carolina was also 55th in sacks allowed, giving up 1.83 per game. So, there is room to improve.

Certainly, Belichick is looking to make changes on offense. Bobby Petrino is coming in as a new offensive coordinator for North Carolina. The Tar Heels have also already added a new transfer quarterback in Billy Edwards Jr.



Source link

Continue Reading

Trending