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

Police: North Carolina man charged after high-speed chase in Erie County, arrested in the Town of Perry

Published

on

Police: North Carolina man charged after high-speed chase in Erie County, arrested in the Town of Perry


PERRY, N.Y. — A North Carolina man is in custody after a chase that started in Erie County and ended with an arrest in Perry.

Wyoming County Sheriff’s deputies say Ericson Vasquez-Moran, 22, rammed a Border Patrol vehicle in Erie County around 11:30 p.m. Tuesday before taking off. The suspect was spotted in Warsaw on Route 20A, but a chase was called off due to high speeds.

Then around 2:30 a.m. Wednesday, deputies say Vasquez-Moran called 911 from Perry to surrender.

He’s charged with speeding, failure to keep right, unlawful fleeing a police officer, reckless driving, and reckless endangerment in the second degree.

Advertisement

Vasquez-Moran was given an appearance ticket for the Village of Warsaw Court and was released to the custody of the United States Border Patrol.



Source link

Continue Reading

North Carolina

Asheville City Council unanimously rejects 100-unit affordable housing project

Published

on

Asheville City Council unanimously rejects 100-unit affordable housing project


After nearly two hours of public comment, the Asheville City Council unanimously denied a proposed affordable housing complex off Caribou Road—despite the city’s ongoing housing crisis.

The proposal, submitted by developer Pennrose, would have brought 100 affordable housing units to a nearly 10-acre site in the Shiloh neighborhood.

“I’m going to vote against affordable housing tonight, and that’s not a norm for me,” said Asheville City Councilmember Sage Turner.

AFFORDABLE HOUSING PROJECTS MOVE FORWARD ACROSS WESTERN NORTH CAROLINA

Advertisement

News 13 asked Vice Mayor Antanette Mosely why the city would deny this project amid a housing crisis in Asheville.

She said, in a statement, “I absolutely believe Asheville needs more affordable housing, and I have consistently supported housing projects across the city. But not every site is appropriate for every project.”

Residents who opposed the project said they were not against affordable housing itself, but believed the development was too large for the area.

MAY 13, 2026 – The Asheville City Council unanimously denied a proposed affordable housing complex off Caribou Road—despite the city’s ongoing housing crisis. (Photo credit: WLOS Staff)

“The access is too narrow, there was only one access point, the streets are too narrow, we’ve got a big problem with traffic here,” said Shiloh resident Scott Raines.

Advertisement

“Perhaps the only thing that I consider as a dead stop for affordable housing is if people are going to be injured or possibly die from the traffic that’s created,” Michael Boses, another resident, said.

ASHEVILLE PROPOSES PROPERTY TAX RATE INCREASE TO CLOSE $8.9M BUDGET GAP

The Shiloh neighborhood, established in 1870, is one of Asheville’s last historically Black communities. Several council members said preserving the area’s legacy factored into their decision.

“My vote for no is because I feel hyper protective of our legacy neighborhoods, I feel hyper protective of Shiloh,” Turner said.

Pennrose responded to the denial in a statement, saying: “While we are disappointed in the Council’s decision concerning the rezoning application at Caribou Road, we respect the community’s interest in preserving the character of legacy neighborhoods.”

Advertisement



Source link

Continue Reading

North Carolina

Asheville only funded 8 Helene homes repairs. That could change soon

Published

on

Asheville only funded 8 Helene homes repairs. That could change soon


play

ASHEVILLE – The city will consider shifting $19.2 million of its Tropical Storm Helene recovery funding to repair single-family housing after its initial plan would only repair about eight homes.

Across Western North Carolina, contracts for the repair, reconstruction or rehabilitation of single-family homes damaged by Helene have come in at an average cost of $276,285, according to slides presented to the Governor’s Advisory Committee on Western North Carolina Recovery on April 20. The repair program, managed through RenewNC, is funded by a $1.4 billion Community Development Block Grant delivered to North Carolina from the U.S. Department of Housing and Urban Development.

Advertisement

In 2024, the North Carolina Office of Budget and Management estimated that over 70,000 homes were damaged by the storm, which caused an estimated $60 billion in damages and killed over 100 in the state.

After the city received its own $225 million grant from HUD, City Council unanimously voted to only allocated $31 million to housing for both multi-family projects and single-family home repairs. Of that $31 million pot, it only allocated $3 million to the single-family home repair program. During a May 5 Housing and Community Development Committee meeting, the city projected costs for just single-family home repairs at $30 million to $40 million.

In late 2025 and early 2026, city staff had suggested moving millions into the single-family home program to meet rising demand, the Citizen Times reported. During an April 1 Helene Housing Recovery Meeting, Director of Renew NC’s Single-Family Housing Program Maggie Battaglin estimated the $3 million in funding would only cover around eight homes.

Under the city’s agreement with the state, Asheville is not able to access the additional $807 million allocated to the single-family home repair program, meaning remaining applicants in Asheville would not be served. The agreement was first reported by Blue Ridge Public Radio.

Advertisement

Staff are now suggesting reallocating $19.2 million from other areas of its CDBG plan to fund the single-family repair program. The reallocation, which would require an amendment to the city’s plan, would pull $9.2 million from its multi-family housing program and $10 million from its CDBG-DR Infrastructure Program, where the city would pull from the funds from a project at the North Fork Water Treatment Plant. The reallocation would set aside $22.2 million for the program and will serve 55-65 households, according to state estimates presented by city of Asheville staff.

As of May 5, 285 applications for the program were filed in Asheville with 132 being considered “active” and eight being “under review.” Of the city’s applicants, 124 households have been deemed eligible for the RenewNC program.

The reallocation would set aside $22.2 million for the program and serve roughly 55-65 households, the city’s CDBG-DR Program Manager Elma King said during City Council’s May 7 Agenda Briefing. It’s still not enough to serve everyone, though, King said.

“Additional CDBG-DR programs, outside of infrastructure, may need to be re-evaluated to support single-family home repair,” King said.

Advertisement

As Western North Carolina continues to recover from Helene, lawmakers and regional leaders have pushed for more funding from the federal government. Despite high damages, Congress and FEMA have only distributed roughly $7 billion to the state, according to estimates from the Governor’s Office for Western North Carolina Recovery. Gov. Josh Stein has requested an additional $13.5 billion in federal aid, which would go through HUD’s CDBG-DR program.

Estimated damages in Asheville from Helene are far above the $225 million provided by the federal government, City Council member Kim Roney noted during the May 7 meeting.

“I keep coming back to the point that we don’t have enough funding, because $225 million sounds like a lot but it’s not $1.1 billion,” Roney said.

City Council will vote on the $19.2 million reallocation on June 23.

Advertisement

Will Hofmann is the Growth and Development Reporter for the Asheville Citizen Times, part of the USA Today Network. Got a tip? Email him at WHofmann@citizentimes.com or message will_hofmann.01 on Signal.



Source link

Advertisement
Continue Reading
Advertisement

Trending