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Category Archives: Entrepreneurship & Innovation

Celebrating North Carolina’s Small Businesses

Tomorrow, May 5th, wraps up National Small Business Week, a week dedicated to celebrating the entrepreneurs, employees, patrons, and owners of small businesses across the country and here at home in North Carolina. Small businesses play a huge role in driving North Carolina’s growing economy, but they also face real challenges to starting and growing their operations. From removing regulatory…

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Innovation is on the Rise, but There’s Still More to Do

When we assess North Carolina’s progress and development, some key indicators—economic or otherwise—may be easier to track than others. Jobs created or lost, graduation rates, commuting time: these are metrics we hear often. But how do you quantify something like “innovation”? As you know, this was a challenge the NC Chamber took on in 2013 when we first developed NC…

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ICYMI: Self-Driving Trucks Get Closer to Hitting the Road

In case you missed it, I wanted to share this Law 360 article with you. Published last month, Lawrence Hamilton, David Whitestone and Joel Roberson of Holland & Knight LLP explore the future of autonomous commercial trucks in “Self-Driving Trucks Get Closer to Hitting the Road.” Covering recent developments, potential impacts, safety benefits and other considerations, this piece provides a…

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Economic Development Booming in Guilford County

Economic development is booming across Guilford County, as projects in Greensboro and High Point are among the largest in the state. A recent Business North Carolina ranking named Guilford County home to the largest economic development project in the state during the last year, as well as the 8th and 14th. Alorica (1), HAECO (8) and Pratt Industries (14) received…

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Saving Workers’ Compensation Reforms from Decimation

Courtesy of a recent North Carolina Supreme Court ruling, the workers’ compensation reforms achieved in 2011 are on the verge of total decimation. In a major blow to North Carolina’s business community, the state Supreme Court unraveled the balanced reforms with the most dramatic changes to workers’ compensation since the 1980’s. The consequences of this decision are steep as it…

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Ensuring Prosperity in NC

North Carolina is set to become the seventh most populous state in the country in the coming years, adding another two million residents by 2030. As we prepare for this level of growth, securing a prosperous economic future for every community across North Carolina is of the utmost importance. While rapidly changing technology has shifted the employment landscape and economic…

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Harmful Workers’ Compensation Ruling Hurts Injured and Employers

A recent workers’ compensation ruling from the North Carolina Supreme Court will be detrimental to injured employees and employers across the state. In Wilkes v. City of Greenville, the state Supreme Court expanded liability in workers’ compensation claims, forcing the burden of proof on employers to show medical conditions not connected to a compensable injury are in fact not related.…

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Protecting NC’s Declining Coastal Fisheries

North Carolina’s economic prosperity is directly affected by the health of the state’s coastal economy. Maximizing the growth opportunities for North Carolina’s non-urban coastal communities must remain a top priority. This is especially true as the state’s fishing economy continues to decline. Revenue from both commercial and recreational fishing is down due to depleted resources – a clear indication that…

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It’s a Lose-Lose > Repeal the Mill Machinery Tax

North Carolina’s costly mill machinery sales tax is an onerous tax forced upon North Carolina manufacturers and other companies that purchase mill machinery. At a taxation rate of 1 percent of the price of such machinery or $80, per taxed article (whichever is higher), the mill machinery tax continues to burden some of our state’s largest economic contributors. With revenue…

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Securing North Carolina’s Future

Securing a prosperous economic future for North Carolina is imperative as the state prepares to become the seventh most populous in the nation by 2030. In anticipation of this rapid growth, it is more critical now than ever before that our state’s economic development efforts are moving full-steam ahead to ensure North Carolina is ready to become home to more…

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