That’s the ugly paradox at the heart of North Carolina’s post-recession economy, in which average family incomes continue to stagnate even as we see a slow, uneven return to growth. Read how Bank of America is connecting with North Carolina, and how we're working to strengthen North Carolina’s economic & business development and growth. Between 2017 and 2018, North Carolina’s population grew 1.1%, adding about 113,000 people. Economic Update #1 - Metro with Highest Growth of Women-Owned Firms - American Express OPEN #1 - Best State for Business - Forbes Magazine #1 - Best State to Start a Business - FitSmallBusiness.com #1 - #1 International Airport with Highest Ontime Rate: CLT - - U.S. Department of Transportation #1 - City … New estimates from the U.S. Census Bureau provide detail on how this growth and change occurred across the state. It ranks 4th for fiscal stability and has one of the highest 4-year college graduation rates in the nation. From the dark hollows of Murphy, North Carolina to the windy coastal dunes of Nags Head, North Carolina, this socio-economic transformation could be witnessed throughout time. Personal income in North Carolina - income per … There has been a distinct difference in the economic growth of North Carolina's urban and rural areas. Communities with a strong arts presence draw people who want to live, work or visit there. Economy. North Carolina is home to a global economy driven by knowledge-based industries including biotechnology, energy, finance and information technology. We often talk about how much the Research … This report summarizes the most recently available data on a variety of topics relevant to the North Carolina economy, including labor market participation, industry employment, and GDP growth. On paper, North Carolina’s 10 consecutive years of economic growth are impressive, Connaughton said. ECONOMY: Charlotte, North Carolina: United States Unemployment Rate: 4.2%: 3.7% Recent Job Growth: 2.7%: 1.6% Future Job Growth: 45.2%: 33.5% Sales Taxes As a business leader, or employer of any type in North Carolina, you’re facing new challenges from the COVID-19 pandemic. NC's Creative Economy is a Growth Sector. Despite the pandemic raging through our country, Denise Hairston decided to finally open her new restaurant, Dee’s Vegan To Go. Mecklenburg County, North Carolina Economic Update Presentation January 2019. North Carolina ranks 18th among the U.S. states. While these activities remain important segments of the state’s economy, they have largely been overshadowed by other industries and services. Twelve of North Carolina’s 15 economic sectors are expected to experience output decreases during 2020, with the hospitality and leisure services sector seeing the largest decline, at 34.8%. North Carolina GSP . In North Carolina, 20% of our population is in rural areas. North Carolina agriculture has actually gone down a little bit in terms of GDP growth. North Carolina’s economy – which experienced its biggest decline since the Great Depression – will bounce back in 2021, according to John Connaughton, director of the Barings/UNC Charlotte Economic Forecast. For decades prior to this, North Carolina focused primarily on what is known as “economic development policy,” which is distinctly different from economic growth policy. 4 North Carolina Ag Biotech: Economic Growth Report | NCBiotech The total number of ag biotech employees in the state has increased from 7, 403 to 9,085 since January 2010 (19.7% growth). North Carolina Population Growth: More People, Bigger Economy Written by Think Currituck Since the last federal census in 2010, North Carolina’s population is estimated to have increased 1.13%, which ranks 14th in the nation and a whole half point above the national average. 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