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State Government
Division Of Employment Security: N.C.'s Federal Unemployment Debt Will Be Paid Off Early PDF Print E-mail
State Government
By Administrator   
Wednesday, 16 July 2014 09:48

RALEIGH, (SGRToday.com) - North Carolina will pay off its $2.6 billion debt to the federal government for borrowed unemployment benefits earlier than anticipated, according to the state official who oversees the payments.

 
Carolina Journal reports that Dale Folwell, assistant secretary of the Commerce Department says the debt could be erased as soon as one year from now: August 2015. The initial payoff date was November 2015.
 
Folwell has consistently told reporters that paying off the debt quickly is important so that taxes can be lowered for employers who are paying a surcharge imposed on them until the debt is paid.
 
During the Great Recession, North Carolina borrowed the money under the Democratic-controlled General Assembly without a plan to pay it off. The debt was one of the first issues Gov. Pat McCrory addressed upon taking office.
Last Updated on Wednesday, 16 July 2014 09:49
 
Gov. Pat McCrory's Public Schedule For Wednesday, July 16, 2014 PDF Print E-mail
State Government
By Administrator   
Wednesday, 16 July 2014 05:40

RALEIGH, (SGRToday.com) - Following is Gov. Pat McCrory's public schedule for Wednesday, July 16, 2014, as released by his office.

 
10 a.m. 
Site Visit to Northampton County Teach for America Summer STEM Program
Northampton County High School
750 NCHS Road
Conway
OPEN to credentialed press only.
 
 
3 p.m.
Economic Development Announcement
Greater Raleigh Chamber
800 South Salisbury Street 
Raleigh
OPEN to credentialed press only.
 
Last Updated on Wednesday, 16 July 2014 05:41
 
Workforce Development Grants Top $10 Million Since 2007 PDF Print E-mail
State Government
By Administrator   
Tuesday, 15 July 2014 10:39

RALEIGH, (SGRToday.com) - The latest round of federal grants to North Carolina employers for retraining workers has pushed the grant total above $10 million, according to the state Department of Commerce.

 
After the latest round of applications in April to the Incumbent Workforce Development Program, the state awarded $717,530 to employers, helping 69 businesses and 1,655 workers. During the previous round of funding in October, 32 employers received $440,000 to help train more than 700 employees.
 
Each business applies for a grant through one of 23 local workforce development boards, which review the applications and submit them for evaluation to the N.C. Division of Workforce Solutions.
 
 
“We’re thrilled to see a growing number of businesses using this program to strengthen the skills of their workforce,” said Commerce Secretary Sharon Decker in a statement.  “These grants are a sound investment in today’s workforce and tomorrow’s economy.”
 
 Funding for the Incumbent Workforce Development Program is provided by the U.S. Department of Labor.  
Last Updated on Tuesday, 15 July 2014 10:40
 
Department Of Commerce: $780 Million In Capital Investment Announced To Date PDF Print E-mail
State Government
By Administrator   
Monday, 14 July 2014 10:08

RALEIGH, (SGRToday.com) - The N.C. Department of Commerce's Division of Business and Industry Development has released the following metrics for economic development activity through June 30, 2014.

 
 
** New projects assigned:  165 
** Projects announced: 60 
** Jobs announced: 5,590 
** Capital investment announced:  $780M
** Industry visits by existing industry staff: 366 
** Calls to Business Link N.C.: 9,895 
Last Updated on Monday, 14 July 2014 10:09
 
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