Connect with us

North Carolina

North Carolina has the 7th best economy in the country, a report says. Here’s why

Published

on

North Carolina has the 7th best economy in the country, a report says. Here’s why


North

On this file photograph, scientists work in an AskBio lab at Analysis Triangle Park. The corporate focuses on biotechnology and gene remedy.

Advertisement

AskBio

North Carolina’s economic system has been ranked as that includes one of many high rising economies within the nation.

In line with WalletHub Monetary Author Adam McCann, the state has the seventh greatest economic system within the nation.

Advertisement

North Carolina’s gross home product was almost $655 billion in 2021, which represented 2.9% of the U.S. GDP, in keeping with knowledge from the Bureau of Financial Evaluation.

To rank every economic system, WalletHub in contrast the 50 states throughout three key classes: financial exercise, financial well being and innovation potential.

In line with the report, North Carolina obtained its highest marks in innovation potential, coming in at No. 11. The rating was calculated primarily based on quite a lot of metrics, together with the share of jobs in high-tech industries, the share of jobs in STEM employment and entrepreneurial exercise.

Advertisement

The Kauffman Index of Startup Exercise, a complete indicator of recent enterprise creation within the U.S. used to measure entrepreneurial exercise within the report, ranked North Carolina sixteenth within the nation for startup exercise.

Primarily based on surveys of residents and knowledge from the Bureau of Labor Statistics, the research discovered that there are 340 new entrepreneurs for each 100,000 adults and 74.7 startups per 1,000 companies within the state.

North Carolina ranked twelfth for financial well being, a place primarily based on elements like the general unemployment fee, foreclosures fee and median family revenue adjusted for price of dwelling, in keeping with the report.

Advertisement

The report additionally ranked North Carolina 14th in financial exercise, weighing metrics just like the change within the state’s GDP between 2020 and 2021 and share of fast-growing corporations on Deloitte’s Know-how Quick 500 Checklist, an annual rating of the fastest-growing North American corporations within the know-how, media and science.

Washington state was ranked No. 1 within the report adopted by Utah, California, Massachusetts, New Hampshire, and Colorado. Washington D.C. was ranked No. 10.

Seven North Carolina corporations made the listing final 12 months, together with Nufabrx, a biotechnology firm primarily based in Conover that grew by 22,957%, and MedShift, a Charlotte-based medical gadgets firm that grew by 350% from 2017 to 2020.

Advertisement

Associated tales from Charlotte Observer

Evan Moore is a service journalism reporter for the Charlotte Observer. He grew up in Denver, North Carolina, the place he beforehand labored as a reporter for the Denver Citizen, and is a UNC Charlotte graduate.





Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

North Carolina

Obituary for Ernest "Trey" Cleveland Skipper, III at Market Street Chapel

Published

on

Obituary for Ernest "Trey" Cleveland Skipper, III at Market Street Chapel


Ernest Trey Cleveland Skipper III, 39, died on Thursday, July 25, 2024, surrounded by his family. He was born on August 6th, 1984 to Ernest Skip Cleveland Skipper, Jr. and the late Kim Williams Skipper of Wilmington, North Carolina. In addition to his father, Trey is survived by his maternal



Source link

Continue Reading

North Carolina

North Carolina man charged with 9 felonies after shooting at tree crew

Published

on

North Carolina man charged with 9 felonies after shooting at tree crew


YANCEY COUNTY, N.C. (WTVD) — A tree-trimming crew in North Carolina had a harrowing encounter when a man with a criminal record opened fire on them.

This happened near Murphytown in the Green Mountain area of Yancey County. According to a statement from the Yancey County Sheriff’s Office, 36-year-old Lucas Wilson Murphy shot three tree workers while they were clearing trees for a power company.

All three sustained serious injuries. They were taken to a hospital for treatment.

31-year-old Shelby Teague, whose husband Brandon Teague, 32, was part of the five-member crew, is still grappling with the incident. The couple have three children together.

Advertisement

“To have somebody crazy running through the woods is not a risk that you would think about,” she told ABC affiliate WLOS

She is thankful her husband wasn’t hurt, but three of his colleagues were.

“I’m trying not to be angry,” Shelby said. “We could have lost a bunch of good men.”

Authorities said during the exchange, an officer-involved shooting happened. Murphy was injured and taken to a hospital.

Murphy is charged with nine felony counts detailing that he assaulted five crew members with a long rifle with intent to kill.

Advertisement

Previous Criminal History

Shelby is angry Murphy was not in jail for previous charges.

Murphy’s misdemeanors, dating back to 2013, carry little to no jail time. This includes resisting public officers, driving while intoxicated and carrying a concealed weapon.

In 2021, the most serious case where he went to trial involved a charge that he shot and tried to kill his brother.

A law enforcement source who spoke anonymously told WLOS that Murphy’s brother refused to cooperate and minimized what happened.

Because of this, the jury could only find him guilty of assault.

Advertisement

Copyright © 2024 WTVD-TV. All Rights Reserved.



Source link

Continue Reading

North Carolina

Amid torrential rains and flooding, 21 North Carolina river sites fail fecal bacteria testing this week

Published

on

Amid torrential rains and flooding, 21 North Carolina river sites fail fecal bacteria testing this week


RALEIGH, N.C. (WNCN) — A group says more than 20 North Carolina river sites failed testing for fecal bacteria this week after several days of torrential rains and nearly a foot of rainfall in some spots.

Leading up to Friday, there were several days of flood warnings and nearly a foot of rain fell in some North Carolina areas — such as Sampson County with 11 inches. Other spots — such as Durham County — received more than 9 inches of rain.

Sound Rivers, a group that monitors more than 50 recreational sites along North Carolina rivers, says that heavy rain can lead to more pollution in rivers.

“Swim Guide results are in, and they definitely reflect the impact all this rain is having on our waterways,” the Sound Rivers group said on Friday.

Advertisement

Full rainfall totals for Central NC for a week ending Friday

Some flood warnings continued this weekend with one still active Saturday along the Tar River at Tarboro in Edgecombe County.

“Remember, more stormwater runoff means more nasty stuff gets washed into the water,” Sound Rivers wrote Friday after 21 North Carolina river sites failed their weekly testing.

In the previous Swim Guide report, just six sites failed.

In the Raleigh area, three sites along the Neuse River failed the week ending July 26, according to Sound Rivers.

Advertisement

Just east of Raleigh in Wake County, these canoe launch sites met water quality standards less than 60 percent of the time: Buffaloe Road, Milburnie Park and Poole Road.

Elevated levels of fecal bacteria in the water can bring an increased risk of gastrointestinal illness and skin infections for pets and humans, Sound Rivers says.

East of the Wake County area along the Neuse River, these seven sites also failed water quality testing:

  • Maple Cypress boat ramp in Grifton

  • Glenburnie Park

  • Town of Bridgton Park

  • Upper Broad Creek at Black Beard Sailing Club

  • Lawson Creek Park in the New Bern area

  • Slocum Creek boating access in Havelock

  • Pierce Creek at the Sea Harbor Yacht Club in Oriental

Closer to the North Carolina coast, 11 sites failed the testing along the Tar and Pamlico rivers:

  • Sunset Park on the Tar River in Rocky Mount

  • Tar River Reservoir in Rocky Mount

  • River Road boat ramp on the Tar River in Tarboro

  • Town Common on the Tar River in Greenville

  • Wildwood Park on the Tar River in Greenville

  • Port Terminal on the Tar River in Greenville

  • Yankee Hall Road boat ramp on the Tar River at Pactolus

  • Mason’s Landing on the Pamlico River in Washington

  • Havens Gardens on the Pamlico River in Washington

  • Dinah’s Landing just off the Pamlico River at Goose Creek State Park

  • Cotton Patch Landing on Blounts Creek just off the Pamlico River

Sound Rivers issues a report on various recreational areas of rivers in North Carolina after testing dozens of recreational sites each week throughout the summer.

Advertisement

The testing by the group includes enterococci bacteria in salt water.

Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

For the latest news, weather, sports, and streaming video, head to CBS17.com.



Source link

Advertisement
Continue Reading
Advertisement

Trending