Record-Breaking Private Sector Wage Growth
Caldwell County ranked 20th out of North Carolina’s 100 counties for wage growth in 2023. Since 2015, wages have grown an impressive 51.5%.
1 Mar 2024
News
“Build it and they will come” is more than a slogan for seven low-wealth counties in North Carolina.
The state budget included $10 million to jump-start the process of adding buildings in those counties that would be available for new or expanding businesses. Normally, developers work with companies to establish a structure for manufacturing or distribution that is privately owned.
Under the state’s new program, counties are incentivized to add publicly owned structures ahead of commitments by businesses. State lawmakers authorized the Rocky Mount-based Golden Leaf Foundation to administer the program as part of the 2023-24 state budget. It should “increase the number of available, publicly owned industrial buildings suitable for new or expanding businesses, other than retail, entertainment or sports projects,” according to a foundation release.